Lochan Chit Funds Private Limited
About Lochan Chit Funds Private Limited
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Lochan Chit Funds Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 09 June 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA1999PTC025315.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.75 Lakh. It is led by directors including Muniyappa Srinivasa Reddy (Managing Director) and Shyla Koramangala Hanumappa.
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 No.78/29 Balaji Complex Ist Main Siddaguntepalya Tavarekere Main Road, Bangalore, Karnataka, India – 560029.
As per the financials filed for FY 2017, the company reported a revenue of ₹4.66 Lakh. For the same year it recorded a net profit of ₹80,109 (net margin 17.2%) and EBITDA of -₹1.85 Lakh (EBITDA margin -39.7%).
As per MCA filings, the company has satisfied charges of ₹13.5 Lakh on record. Court records list 30 cases involving the company, including 29 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Lochan Chit Funds Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.78/29 Balaji Complex Ist Main Siddaguntepalya Tavarekere Main Road, Bangalore, Karnataka, India – 560029
- IndustryFinancial Services, Financial Activities
To see the full contact details of Lochan Chit Funds 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
Financials of Lochan Chit Funds Private Limited
FY 2025 filings availableLochan Chit Funds Private Limited reported revenue of ₹4.66 Lakh for FY 2017.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹4.66 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹1.85 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹80,109 | ||
| 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
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -39.7% | ||
| Net Profit Margin | 17.2% | ||
| 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 | |||
To see the full financial statements and ratios of Lochan Chit Funds Private Limited, buy the company report.
Board of directors of Lochan Chit Funds Private Limited
Lochan Chit Funds has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muniyappa Srinivasa Reddy | Managing Director | 09 Jun 1999 | 27 Years 4 Months | Current |
| Shyla Koramangala Hanumappa Also directs: Sri Balaji Land Developers and Builders Private Limited | Director | 09 Jun 1999 | 27 Years 4 Months | Current |
| Lochan Srinivas Reddy | Director | 23 Feb 2015 | 11 Years 8 Months | Current |
Auditor
Lochan Chit Funds Private Limited is audited by T Shrinivasa Rao & Co Chartered Accountants for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T Shrinivasa Rao & Co Chartered Accountants | FY 2017 | 003846S |
Shareholding
The shareholding of Lochan Chit Funds Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Lochan Chit Funds Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Nov 2011 | 10329323 | Indian Overseas Bank | ₹13.5 Lakh | Satisfied |
To see the full charge records of Lochan Chit Funds Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Lochan Chit Funds Private Limited has 30 court cases on record: 29 filed by Lochan Chit Funds, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 29 | 0 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Ms Ladwa Safety Solutions Private Ltd and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Ms Ladwa Safety Solutions Private Ltd and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Lochan Chit Funds 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 Lochan Chit Funds 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 Lochan Chit Funds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Lochan Chit Funds Private Limited has 4 board changes on record since 1999: 3 appointments and 1 cessation. The latest: Lochan Srinivas Reddy ceased to be Additional Director on 30 Sep 2015.
Frequently asked questions
Lochan Chit Funds is an active private limited company based in Bangalore, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 09 June 1999 (27+ years old) and is registered under CIN U65992KA1999PTC025315.
Lochan Chit Funds has 3 current directors:
- Muniyappa Srinivasa Reddy - Managing Director
- Shyla Koramangala Hanumappa - Director
- Lochan Srinivas Reddy - Director
The latest financial statements of Lochan Chit Funds on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Lochan Chit Funds is U65992KA1999PTC025315. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lochan Chit Funds has 30 court cases on record: 29 filed by the company and 1 filed against it. Most are in the district courts.
Lochan Chit Funds was incorporated on 09 June 1999, making it 27+ years old. It is registered with the Registrar of Companies, Bangalore.
Lochan Srinivas Reddy ceased to be Additional Director on 30 Sep 2015. Lochan Srinivas Reddy was appointed as Director on 23 Feb 2015. Muniyappa Srinivasa Reddy was appointed as Managing Director on 09 Jun 1999. Lochan Chit Funds has 4 board changes on record in total.
The registered office of Lochan Chit Funds is at No.7829 Balaji Complex Ist Main Siddaguntepalya Tavarekere Main Road, Bangalore, Karnataka, India – 560029.
Lochan Chit Funds operates in the financial services industry, in the financial activities segment.
Lochan Chit Funds has no open charges and satisfied charges of ₹13.5 Lakh as per latest MCA filings.
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