Huvinahadagali Chits Private Limited
About Huvinahadagali Chits Private Limited
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Huvinahadagali Chits Private Limited is a private limited company based in Huvinahadagali, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 17 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2016PTC087030.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Madiwalappa Ishwarappa Gadag and Mehta Dungarchand.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at No.404 Near Rama Temple Main Road Huvinahadagali, Karnataka, India – 583129.
As per the financials filed for FY 2020, the company reported a revenue of ₹3.23 Lakh, a decline of 58% compared to the previous year. For the same year it recorded a net loss of ₹44,837 (net margin -13.9%) and EBITDA of -₹14,472 (EBITDA margin -4.5%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Huvinahadagali Chits Private Limited's registered office is in Huvinahadagali, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.404 Near Rama Temple Main Road Huvinahadagali, Karnataka, India – 583129
- IndustryFinancial Services, Financial Activities
To see the full contact details of Huvinahadagali Chits Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Huvinahadagali Chits is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Huvinahadagali Chits Private Limited, buy the company report.
Financials of Huvinahadagali Chits Private Limited
FY 2020 filings availableHuvinahadagali Chits Private Limited reported revenue of ₹3.23 Lakh (down 58% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 58% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 118% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | -₹14,472 | ||||
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| Net Profit (PAT) | -₹44,837 | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| Profitability | |||||
| EBITDA Margin | -4.5% | ||||
| Net Profit Margin | -13.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Huvinahadagali Chits Private Limited, buy the company report.
Board of directors of Huvinahadagali Chits Private Limited
Huvinahadagali Chits has 11 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madiwalappa Ishwarappa Gadag | Director | 02 Jun 2016 | 10 Years 5 Months | Current |
| Mehta Dungarchand | Director | 02 Jun 2016 | 10 Years 5 Months | Current |
| Raghavendra Raikar | Director | 02 Jun 2016 | 10 Years 5 Months | Current |
| Sirigeri Godwin Sudhakar | Director | 02 Jun 2016 | 10 Years 5 Months | Current |
| Veerappa Nagappa Kodekal | Director | 02 Jun 2016 | 10 Years 5 Months | Current |
| Mahabaleswara Narasimha Subraya Divakar | Director | 02 Jun 2016 | 10 Years 5 Months | Current |
Peer comparison
Huvinahadagali Chits Private Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Swarna Ganga Chit Funds and Finance Company Private Limited | ₹3.25 Lakh (FY 2025) | -83.0% | Hyderabad, Telangana, India | |||
| Venugopal Co Pvt Ltd | ₹3.25 Lakh (FY 2024) | Thrissur, Kerala, India | ||||
| Sri Raghunath Chitfund Private Limited | ₹3.24 Lakh (FY 2020) | -75.0% | Khammam, Telangana, India | |||
| KTM Nidhi Limited | ₹3.24 Lakh (FY 2023) | -58.0% | Kottayam, Kerala, India | |||
| Huvinahadagali Chits Private Limitedthis company | ₹3.23 Lakh (FY 2020) | -₹44,837 | -13.9% | -58.0% | Huvinahadagali, Karnataka, India | |
| Kingsway Finance Private Limited | ₹3.2 Lakh (FY 2022) | -50.0% | Jammu and Kashmir, India | |||
| Forced Saving Chits Private Limited | ₹3.18 Lakh (FY 2025) | -6.0% | Haryana, India | |||
| Shri Satyasai Micro Finance Foundation | ₹3.18 Lakh (FY 2024) | 9.0% | Varanasi, Uttar Pradesh, India | |||
| Paithrukam Chits Private Limited | ₹3.17 Lakh (FY 2025) | 16.0% | Thrissur, Kerala, India |
To see the full peer comparison of Huvinahadagali Chits Private Limited, buy the company report.
Auditor
Huvinahadagali Chits Private Limited is audited by PURUSHOTTAMCBAFNA for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PURUSHOTTAMCBAFNA | FY 2017 | 021865 |
Shareholding
The shareholding of Huvinahadagali Chits Private Limited is on record for FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Huvinahadagali Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Huvinahadagali Chits Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Huvinahadagali Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Huvinahadagali Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Huvinahadagali Chits Private Limited has 11 board changes on record since 2016: 11 appointments. The latest: Balak Chand Dheliriya was appointed as Director on 02 Jun 2016.
2 earlier events are in the company report.
Frequently asked questions
Huvinahadagali Chits is an active private limited company based in Huvinahadagali, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 17 March 2016 (10+ years old) and is registered under CIN U65992KA2016PTC087030.
Huvinahadagali Chits has 11 current directors:
- Madiwalappa Ishwarappa Gadag - Director
- Mehta Dungarchand - Director
- Raghavendra Raikar - Director
- Sirigeri Godwin Sudhakar - Director
- Veerappa Nagappa Kodekal - Director
- Mahabaleswara Narasimha Subraya Divakar - Director
- Balak Chand Dheliriya - Director
- Lakshmana Lamani - Director
- Sangeetha Ganesh Gaddi - Director
- Krishna Reddy - Director
- Bharat Kumar Babulal Chowhan - Director
The latest financial statements of Huvinahadagali Chits on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Huvinahadagali Chits is U65992KA2016PTC087030. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Huvinahadagali Chits was incorporated on 17 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Huvinahadagali Chits by revenue are Swarna Ganga Chit Funds and Finance Company Private Limited, Venugopal Co Pvt Ltd, Sri Raghunath Chitfund Private Limited, KTM Nidhi Limited, Kingsway Finance Private Limited and 3 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Balak Chand Dheliriya was appointed as Director on 02 Jun 2016. Krishna Reddy was appointed as Director on 02 Jun 2016. Madiwalappa Ishwarappa Gadag was appointed as Director on 02 Jun 2016. Huvinahadagali Chits has 11 board changes on record in total.
The registered office of Huvinahadagali Chits is at No.404 Near Rama Temple Main Road Huvinahadagali, Karnataka, India – 583129.
Huvinahadagali Chits operates in the financial services industry, in the financial activities segment.
The compliance status of Huvinahadagali Chits is compliant as of 26 July 2026. The company is actively filing with the Registrar of Companies.
Huvinahadagali Chits can be reached at its registered office: No.404 Near Rama Temple Main Road Huvinahadagali, Karnataka, India – 583129.
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