Karwar Chits Private Limited
About Karwar Chits Private Limited
Data last updated:
Karwar Chits Private Limited is a private limited company based in Karwar, Karnataka, India. It operates in the chit fund and microfinance segment of the financial services sector. It was incorporated on 06 July 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2015PTC081409.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Sunil Ramakanth Rane and Sameenabi Abdulhasan Shaikh.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Building No. 798/G/26 Royal Embassy Kajubag, Karwar, Karnataka, India – 581301.
As per the financials filed for FY 2023, the company reported a revenue of ₹6.42 Lakh, a growth of 52% compared to the previous year. For the same year it recorded a net loss of ₹19,700 (net margin -3.1%) and EBITDA of -₹6,800 (EBITDA margin -1.1%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 8% over five years.
Court records list 33 cases involving the company, including 33 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
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- TelephoneLocked
- WebsiteLocked
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- Registered AddressBuilding No. 798/G/26 Royal Embassy Kajubag, Karwar, Karnataka, India – 581301
- IndustryFinancial Services, Chit Fund, Other Financial Intermediation, Kuri Companies
- 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
- One PDF report, delivered after checkout
Business Activity of Karwar Chits Private Limited
The main business activity of Karwar Chits is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Karwar Chits Private Limited FY 2023 filings available
Karwar Chits Private Limited reported revenue of ₹6.42 Lakh (up 52% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Karwar Chits Private Limited
Revenue rose 52% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 8%. EBITDA rose 96% 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 of Karwar Chits Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹6,800 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹19,700 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Karwar Chits Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -3.1% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Karwar Chits are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Karwar Chits Private Limited
Karwar Chits has 5 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Ramakanth Rane | Director | 06 Jul 2015 | 11 Years 3 Months | Current |
| Sameenabi Abdulhasan Shaikh | Director | 06 Jul 2015 | 11 Years 3 Months | Current |
| Amitkumar Kamalakar Govekar | Director | 06 Jul 2015 | 11 Years 3 Months | Current |
| Sandeep Kashinath Naik | Director | 06 Jul 2015 | 11 Years 3 Months | Current |
| Prasad Jagannath Ankolekar | Director | 06 Jul 2015 | 11 Years 3 Months | Current |
Peer Comparison of Karwar Chits Private Limited
Karwar Chits Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other financial activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Subhakamshi Chitties (Chalakudy) Private Limited | ₹6.43 Lakh (FY 2024) | •••• | •••• | -19.0% | •••• | Chalakudi, Kerala, India |
| Arsm Agencies Private Limited | ₹6.43 Lakh (FY 2017) | •••• | •••• | 2.0% | •••• | Kolkata, West Bengal, India |
| Ayushya Wellness India Federation | ₹6.43 Lakh (FY 2024) | •••• | •••• | 95.0% | •••• | Lucknow, Uttar Pradesh, India |
| Helpline Kuries Private Limited | ₹6.43 Lakh (FY 2019) | •••• | •••• | 376.0% | •••• | Chalakudi, Kerala, India |
| Wadakkanchery General Nidhi Limited | ₹6.42 Lakh (FY 2025) | •••• | •••• | -72.0% | •••• | Thrissur, Kerala, India |
| Karwar Chits Private Limited this company | ₹6.42 Lakh (FY 2023) | •••• | •••• | 52.0% | •••• | Karwar, Karnataka, India |
| Wrinkle Merchants Private Limited | ₹6.42 Lakh (FY 2025) | •••• | •••• | 6.0% | •••• | Kolkata, West Bengal, India |
| Varandarappilly Investments Pvt Ltd | ₹6.42 Lakh (FY 2017) | •••• | •••• | -9.0% | •••• | Thrissur, Kerala, India |
| Safewealth Chits Private Limited | ₹6.41 Lakh (FY 2020) | •••• | •••• | -37.0% | •••• | Pune, Maharashtra, India |
| Ki & San's Micro Finance Private Limited | ₹6.41 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Dohad, Gujarat, India |
| Nirmala Micro Finance Private Limited | ₹6.41 Lakh (FY 2023) | •••• | •••• | •••• | Varanasi, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Karwar Chits by revenue in the same principal business activity (Other financial activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Ownership and Shareholding of Karwar Chits Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Karwar Chits Private Limited
Karwar Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Karwar Chits Private Limited
Karwar Chits Private Limited has 33 court cases on record: 33 filed by Karwar Chits. All cases are disposed. Status as checked between 30 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 33 | 0 | 0 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, UTTARA KANNADA, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, UTTARA KANNADA, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, UTTARA KANNADA, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, UTTARA KANNADA, Karnataka | Court case (P.C.) | Filed by the company against an individual | Disposed |
| District court, UTTARA KANNADA, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
Full case history
All 33 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Karwar Chits Private Limited
Employment history and EPFO contributions of people linked to Karwar Chits.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Karwar Chits Private Limited
Karwar Chits Private Limited has 5 board changes on record since 2015: 5 appointments. The latest: Amitkumar Kamalakar Govekar was appointed as Director on 06 Jul 2015.
Credit Ratings, Litigation & Regulatory Alerts for Karwar Chits Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Karwar Chits Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Karwar Chits Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Karwar Chits Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Karwar Chits Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Karwar Chits Private Limited
Karwar Chits is an active private limited company based in Karwar, Karnataka, India. The company works in chit fund, within the financial services industry. It was incorporated on 06 July 2015 (11+ years old) and is registered under CIN U65992KA2015PTC081409.
Karwar Chits reported revenue of ₹6.42 Lakh for FY 2023 (up 52% YoY).
Karwar Chits has 5 current directors:
- Sunil Ramakanth Rane - Director
- Sameenabi Abdulhasan Shaikh - Director
- Amitkumar Kamalakar Govekar - Director
- Sandeep Kashinath Naik - Director
- Prasad Jagannath Ankolekar - Director
Karwar Chits reported a net loss of ₹19,700 (net margin -3.1%) and EBITDA of -₹6,800 (EBITDA margin -1.1%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Karwar Chits is -11% over three years and -8% over five years. In the latest year (FY 2023) revenue rose 52%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Karwar Chits is U65992KA2015PTC081409. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karwar Chits has 33 court cases on record: 33 filed by the company.
Karwar Chits was incorporated on 06 July 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Karwar Chits by revenue are Subhakamshi Chitties (Chalakudy) Private Limited, Arsm Agencies Private Limited, Ayushya Wellness India Federation, Helpline Kuries Private Limited, Wadakkanchery General Nidhi Limited and 5 more, all in the same principal business activity (Other financial activities).
Amitkumar Kamalakar Govekar was appointed as Director on 06 Jul 2015. Prasad Jagannath Ankolekar was appointed as Director on 06 Jul 2015. Sameenabi Abdulhasan Shaikh was appointed as Director on 06 Jul 2015. Karwar Chits has 5 board changes on record in total.
The registered office of Karwar Chits is at Building No. 798G26 Royal Embassy Kajubag, Karwar, Karnataka, India – 581301.