Kolavi Chits Private Limited
About Kolavi Chits Private Limited
Data last updated:
Kolavi Chits Private Limited is a private limited company based in Belgaum, Karnataka, India. It operates in the bank intermediatories segment of the financial services sector. It was incorporated on 17 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65100KA2018PTC117675.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Ramesh Nagappa Duradundi and Sangayya Shivalingayya Hiremath.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sy No.12 At Post Kolavi Taluka Gokak, Belgaum, Karnataka, India – 591344.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.04 Lakh, a decline of 46% compared to the previous year. For the same year it recorded a net profit of ₹2,171 (net margin 0.7%) and EBITDA of ₹6,239 (EBITDA margin 2.1%). Revenue has declined at a compounded annual rate (CAGR) of 31% over three years and 7% over five years.
Court records list 8 cases involving the company, including 8 filed by the company; 4 cases are pending.
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- Registered AddressSy No.12 At Post Kolavi Taluka Gokak, Belgaum, Karnataka, India – 591344
- IndustryFinancial Services, Bank Intermediatories
- 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 Kolavi Chits Private Limited
The main business activity of Kolavi Chits is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance 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 Kolavi Chits Private Limited FY 2025 filings available
Kolavi Chits Private Limited reported revenue of ₹3.04 Lakh (down 46% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Kolavi Chits Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 7% over five years, including a 46% fall in the latest year. EBITDA fell 57% 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 Kolavi Chits Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹6,239 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2,171 | •••• | •••• | •••• | •••• |
| 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 Kolavi Chits Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.7% | •••• | •••• | •••• | •••• |
| 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 Kolavi Chits are in the company report.
Financial statements from FY 2019
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.
Peer Comparison of Kolavi Chits Private Limited
Kolavi Chits Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Activities auxiliary to financial service and insurance 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 |
|---|---|---|---|---|---|---|
| Somya Surabhi Micro Credit Private Limited | ₹3.05 Lakh (FY 2025) | •••• | •••• | •••• | Sasaram, Bihar, India | |
| Coorg Impex Private Limited | ₹3.04 Lakh (FY 2025) | •••• | •••• | -5.0% | •••• | Kodagu, Karnataka, India |
| Venkata Ravi Teja Investments Private Limited | ₹3.04 Lakh (FY 2025) | •••• | •••• | -57.0% | •••• | Gudivada, Andhra Pradesh, India |
| MMP Capital Finance Private Limited | ₹3.04 Lakh (FY 2024) | •••• | •••• | 55.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Vasuki Cement Private Limited | ₹3.04 Lakh (FY 2025) | •••• | •••• | •••• | Morbi, Gujarat, India | |
| Kolavi Chits Private Limited this company | ₹3.04 Lakh (FY 2025) | •••• | •••• | -46.0% | •••• | Belgaum, Karnataka, India |
| Shree Samrat Multiple Urban Nidhi Limited | ₹3.04 Lakh (FY 2025) | •••• | •••• | -20.0% | •••• | Kallam, Maharashtra, India |
| Apg Broking Private Limited | ₹3.04 Lakh (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Mahesh Tradecom Private Limited | ₹3.03 Lakh (FY 2024) | •••• | •••• | 23.0% | •••• | Kolkata, West Bengal, India |
| Costmos Private Limited | ₹3.03 Lakh (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Chandrabhaga Urban Nidhi Limited | ₹3.03 Lakh (FY 2025) | •••• | •••• | 71.0% | •••• | Nagpur, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Kolavi Chits by revenue in the same principal business activity (Activities auxiliary to financial service and insurance activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Kolavi Chits Private Limited
Kolavi Chits has 7 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Nagappa Duradundi | Director | 17 Oct 2018 | 7 Years 11 Months | Current |
| Sangayya Shivalingayya Hiremath | Director | 17 Oct 2018 | 7 Years 11 Months | Current |
| Maddeppa Huchhappa Shingadi | Director | 17 Dec 2019 | 6 Years 9 Months | Current |
| Mahesh Basavaraj Allannavar | Additional Director | 03 Jun 2023 | 3 Years 4 Months | Current |
| Mallikarjun Basappa Hattigoudar | Director | 09 Nov 2018 | 7 Years 11 Months | Current |
| Bheemappa Patagundi | Additional Director | 03 Jun 2023 | 3 Years 4 Months | Current |
Ownership and Shareholding of Kolavi 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 Kolavi Chits Private Limited
Kolavi Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Kolavi Chits Private Limited
Kolavi Chits Private Limited has 8 court cases on record: 8 filed by Kolavi Chits. 4 cases are pending and 4 are disposed. Status as checked between 30 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 0 | 4 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
Full case history
All 8 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 Kolavi Chits Private Limited
Employment history and EPFO contributions of people linked to Kolavi 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 Kolavi Chits Private Limited
Kolavi Chits Private Limited has 12 board changes on record since 2018: 7 appointments and 5 cessations. The latest: Bheemappa Patagundi was appointed as Additional Director on 03 Jun 2023.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Kolavi 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 Kolavi 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 Kolavi 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 Kolavi 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 Kolavi 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 Kolavi Chits Private Limited
Kolavi Chits is an active private limited company based in Belgaum, Karnataka, India. The company works in bank intermediatories, within the financial services industry. It was incorporated on 17 October 2018 (8+ years old) and is registered under CIN U65100KA2018PTC117675.
Kolavi Chits reported revenue of ₹3.04 Lakh for FY 2025 (down 46% YoY).
Kolavi Chits has 7 current directors:
- Ramesh Nagappa Duradundi - Director
- Sangayya Shivalingayya Hiremath - Director
- Maddeppa Huchhappa Shingadi - Director
- Mahesh Basavaraj Allannavar - Additional Director
- Mallikarjun Basappa Hattigoudar - Director
- Bheemappa Patagundi - Additional Director
- Ramasidda Koni - Additional Director
Kolavi Chits reported a net profit of ₹2,171 (net margin 0.7%) and EBITDA of ₹6,239 (EBITDA margin 2.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Kolavi Chits is -31% over three years and -7% over five years. In the latest year (FY 2025) revenue fell 46%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Kolavi Chits is U65100KA2018PTC117675. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kolavi Chits has 8 court cases on record: 8 filed by the company. 4 are pending.
Kolavi Chits was incorporated on 17 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Kolavi Chits by revenue are Somya Surabhi Micro Credit Private Limited, Coorg Impex Private Limited, Venkata Ravi Teja Investments Private Limited, MMP Capital Finance Private Limited, Vasuki Cement Private Limited and 5 more, all in the same principal business activity (Activities auxiliary to financial service and insurance activities).
Bheemappa Patagundi was appointed as Additional Director on 03 Jun 2023. Mahesh Basavaraj Allannavar was appointed as Additional Director on 03 Jun 2023. Ramasidda Koni was appointed as Additional Director on 03 Jun 2023. Kolavi Chits has 12 board changes on record in total.
The registered office of Kolavi Chits is at Sy No.12 At Post Kolavi Taluka Gokak, Belgaum, Karnataka, India – 591344.