About Lotusind Chits Private Limited
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Lotusind Chits Private Limited is a private limited company based in Hubli, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 21 December 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2015PTC084831.
The company has an authorised share capital of ₹6 Lakh and a paid-up capital of ₹6 Lakh. It is led by directors including Vishal Patil and Kishan Vasu Habib.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 122/15/A Opp. Axis Bank Kalaburgi Complex Deshapande Nagar, Hubli, Karnataka, India – 580001.
As per the financials filed for FY 2018, the company reported a revenue of ₹12.63 Lakh, a growth of 35% compared to the previous year. For the same year it recorded a net profit of ₹29,335 (net margin 2.3%) and EBITDA of ₹4.32 Lakh (EBITDA margin 34.2%).
As per MCA filings, the company has open charges of ₹40 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lotusind.com.
Company details
Contact details
Lotusind Chits Private Limited's registered office is in Hubli, Karnataka. Its website is lotusind.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address122/15/A Opp. Axis Bank Kalaburgi Complex Deshapande Nagar, Hubli, Karnataka, India – 580001
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Lotusind 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 Lotusind 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 Lotusind Chits Private Limited, buy the company report.
Financials of Lotusind Chits Private Limited
FY 2018 filings availableLotusind Chits Private Limited reported revenue of ₹12.63 Lakh (up 35% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 35% in the latest year. EBITDA rose 63% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹12.63 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹4.32 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹29,335 | ||
| 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 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 34.2% | ||
| Net Profit Margin | 2.3% | ||
| 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 Lotusind Chits Private Limited, buy the company report.
Board of directors of Lotusind Chits Private Limited
Lotusind Chits has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Patil Also directs: Mangaldeepgudur Chits Private Limited | Director | 21 Dec 2015 | 10 Years 10 Months | Current |
| Kishan Vasu Habib | Director | 21 Dec 2015 | 10 Years 10 Months | Current |
| Preetesh Premnath Choudhari Also directs: Lotusind Enterprises Private Limited, Ienvirotech Private Limited | Director | 21 Dec 2015 | 10 Years 10 Months | Current |
Peer comparison
Lotusind Chits Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| K. M. Micro Finance Foundation | ₹12.74 Lakh (FY 2024) | 19.0% | Varanasi, Uttar Pradesh, India | |||
| Pereira Chits Private Limited | ₹12.67 Lakh (FY 2025) | 1318.0% | Thiruvananthapuram, Kerala, India | |||
| Siemotech Micro Finance Private Limited | ₹12.66 Lakh (FY 2025) | -4.0% | Delhi, India | |||
| Lotusind Chits Private Limitedthis company | ₹12.63 Lakh (FY 2018) | ₹29,335 | 2.3% | 35.0% | Hubli, Karnataka, India | |
| Rezova Chit Private Limited | ₹12.5 Lakh (FY 2021) | -50.0% | Pune, Maharashtra, India |
To see the full peer comparison of Lotusind Chits Private Limited, buy the company report.
Auditor
Lotusind Chits Private Limited is audited by MAHESH TENZING & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAHESH TENZING & CO | FY 2018 | 012567S |
Shareholding
The shareholding of Lotusind Chits Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Lotusind Chits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Aug 2017 | 100123278 | Others | ₹40 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Lotusind 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 Lotusind 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 Lotusind Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Lotusind Chits Private Limited has 3 board changes on record since 2015: 3 appointments. The latest: Kishan Vasu Habib was appointed as Director on 21 Dec 2015.
Frequently asked questions
Lotusind Chits is an active private limited company based in Hubli, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 21 December 2015 (11+ years old) and is registered under CIN U65992KA2015PTC084831.
Lotusind Chits has 3 current directors:
- Vishal Patil - Director
- Kishan Vasu Habib - Director
- Preetesh Premnath Choudhari - Director
The latest financial statements of Lotusind Chits on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Lotusind Chits is U65992KA2015PTC084831. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lotusind Chits was incorporated on 21 December 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Lotusind Chits by revenue are K. M. Micro Finance Foundation, Pereira Chits Private Limited, Siemotech Micro Finance Private Limited, Rezova Chit Private Limited, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Kishan Vasu Habib was appointed as Director on 21 Dec 2015. Preetesh Premnath Choudhari was appointed as Director on 21 Dec 2015. Vishal Patil was appointed as Director on 21 Dec 2015.
Lotusind Chits can be reached through the website lotusind.com. Its registered office is in Hubli, Karnataka, India.
The registered office of Lotusind Chits is at 12215A Opp. Axis Bank Kalaburgi Complex Deshapande Nagar, Hubli, Karnataka, India – 580001.
Lotusind Chits operates in the financial services industry, in the microfinance institutions segment.
Lotusind Chits has open charges of ₹40 Lakh and no satisfied charges on record as per latest MCA filings.