About Jagadraksha Chitfunds Private Limited
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Jagadraksha Chitfunds Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 13 April 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65992TG2017PTC116535. Its GSTIN is 36AADCJ9514E1ZM (Telangana).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Katragadda Sri Swetha and Srinivas Uppala.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Hyderabad, Telangana.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.92 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹66.99 Lakh (net margin 13.6%) and EBITDA of ₹1.03 Cr (EBITDA margin 20.9%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 35% over five years.
As per MCA filings, the company has open charges of ₹14 Lakh on record. Court records list 21 cases involving the company, including 21 filed by the company; 19 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jagadraksha-chitfunds-private-limited.business.site.
Company details
Contact details
Jagadraksha Chitfunds Private Limited's registered office is in Hyderabad, Telangana. Its website is jagadraksha-chitfunds-private-limited.business.site. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFlat No.507 5th Floor Magna Lake View Hitex Road Khanamet Serilingampally Ma, Ndal, Hyderabad, Telangana, India – 500084
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Jagadraksha Chitfunds 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 Jagadraksha Chitfunds is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Jagadraksha Chitfunds Private Limited, buy the company report.
Financials of Jagadraksha Chitfunds Private Limited
FY 2024 filings availableJagadraksha Chitfunds Private Limited reported revenue of ₹4.92 Cr (up 37% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 35% over five years, including 37% growth in the latest year. EBITDA rose 45% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹1.03 Cr | ||||
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| Net Profit (PAT) | ₹66.99 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.9% | ||||
| Net Profit Margin | 13.6% | ||||
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To see the full financial statements and ratios of Jagadraksha Chitfunds Private Limited, buy the company report.
Board of directors of Jagadraksha Chitfunds Private Limited
Jagadraksha Chitfunds has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Katragadda Sri Swetha Also directs: Chowrasta Exhibition Private Limited | Director | 13 Apr 2017 | 9 Years 7 Months | Current |
| Srinivas Uppala Also directs: Chowrasta Exhibition Private Limited | Director | 13 Apr 2017 | 9 Years 7 Months | Current |
| Venkata Ramana Veeramachaneni Also directs: Sri Kalyan Facility Management Services Private Limited | Director | 11 Feb 2021 | 5 Years 9 Months | Current |
Peer comparison
Jagadraksha Chitfunds Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Micro Finance), with the same principal business activity (activities auxiliary to financial service and insurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sri Kalpataruvu Chits (India) Private Limited | ₹5.1 Cr (FY 2025) | -1.0% | Chilakaluripet, Andhra Pradesh, India | |||
| Sri Raghuvaran Chits Private Limited | ₹4.96 Cr (FY 2025) | -11.0% | Anantapuramu, Andhra Pradesh, India | |||
| Jagadraksha Chitfunds Private Limitedthis company | ₹4.92 Cr (FY 2024) | ₹66.99 Lakh | 13.6% | 37.0% | Hyderabad, Telangana, India | |
| Akshodaya Chits (Bangalore) Limited | ₹4.87 Cr (FY 2025) | -2.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Jagadraksha Chitfunds Private Limited, buy the company report.
Auditor
Jagadraksha Chitfunds Private Limited is audited by SARATH AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SARATH AND ASSOCIATES | FY 2023 | 005120S |
Shareholding
The shareholding of Jagadraksha Chitfunds Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Jagadraksha Chitfunds Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Feb 2025 | 101110489 | Others | ₹14 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Jagadraksha Chitfunds Private Limited has 21 court cases on record: 21 filed by Jagadraksha Chitfunds. 19 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 0 | 19 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Rangareddy, Telangana | Execution petition | Filed by the company against M/S. Soligent Solar Pvt Ltd Rep by D.Vb. Ganesh | Pending |
| District court, Hyderabad CCC, Telangana | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Rangareddy, Telangana | Execution petition | Filed by the company against an individual | Pending |
| District court, Rangareddy, Telangana | Execution petition | Filed by the company against an individual | Pending |
| District court, Rangareddy, Telangana | Execution petition | Filed by the company against M/S. Shambhala Rep by Alluri Surendra Kumar and 2 Others | Pending |
To see the full case history of Jagadraksha Chitfunds Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Jagadraksha Chitfunds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Jagadraksha Chitfunds has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AADCJ9514E1ZM | Telangana | Active | 18 Jan 2018 |
To see the full GST registrations and return filing status of Jagadraksha Chitfunds Private Limited, buy the company report.
Recent activity
Jagadraksha Chitfunds Private Limited has 3 board changes on record since 2017: 3 appointments. The latest: Venkata Ramana Veeramachaneni was appointed as Director on 11 Feb 2021.
Frequently asked questions
Jagadraksha Chitfunds is an active private limited company based in Hyderabad, Telangana, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 13 April 2017 (9+ years old) and is registered under CIN U65992TG2017PTC116535.
Jagadraksha Chitfunds has 3 current directors:
- Katragadda Sri Swetha - Director
- Srinivas Uppala - Director
- Venkata Ramana Veeramachaneni - Director
The latest financial statements of Jagadraksha Chitfunds on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Jagadraksha Chitfunds is 36AADCJ9514E1ZM, registered in Telangana.
The CIN (Corporate Identification Number) of Jagadraksha Chitfunds is U65992TG2017PTC116535. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jagadraksha Chitfunds has 21 court cases on record: 21 filed by the company. 19 are pending.
Jagadraksha Chitfunds was incorporated on 13 April 2017, making it 9+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Jagadraksha Chitfunds by revenue are Sri Kalpataruvu Chits (India) Private Limited, Sri Raghuvaran Chits Private Limited, Akshodaya Chits (Bangalore) Limited, all in the BFSI industry (Micro Finance), with the same principal business activity (activities auxiliary to financial service and insurance activities).
Venkata Ramana Veeramachaneni was appointed as Director on 11 Feb 2021. Katragadda Sri Swetha was appointed as Director on 13 Apr 2017. Srinivas Uppala was appointed as Director on 13 Apr 2017.
Jagadraksha Chitfunds can be reached through the website jagadraksha-chitfunds-private-limited.business.site. Its registered office is in Hyderabad, Telangana, India.
The registered office of Jagadraksha Chitfunds is at Flat No.507 5th Floor Magna Lake View Hitex Road Khanamet Serilingampally Ma, Ndal, Hyderabad, Telangana, India – 500084.
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