M N K Chits Private Limited

M N K Chits Private Limited - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U65992KA2009PTC048854 Incorporated 12 January 2009 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company financial services
Data last updated
Revenue · FY 2020
₹62.37 Lakh
▲ 5% YoY
Net profit · FY 2020
₹6.97 Lakh
Net margin 11.2%
EBITDA · FY 2020
₹14.36 Lakh
EBITDA margin 23%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
17 yrs
Est. 2009
Directors on board
2
As per MCA filings
Active GSTINs
1
of 2 registered

About M N K Chits Private Limited

Data last updated:

M N K Chits Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 12 January 2009 and has been in existence for over 17 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2009PTC048854. Its GSTIN is 29AAFCM9506K2ZY (Karnataka). The company holds 2 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Muthanjinappa Neelaiah and Kavalappa Vasantha.

Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Bangalore, Karnataka.

As per the financials filed for FY 2020, the company reported a revenue of ₹62.37 Lakh, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹6.97 Lakh (net margin 11.2%) and EBITDA of ₹14.36 Lakh (EBITDA margin 23%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 40% over five years.

Court records list 60 cases involving the company, including 56 filed by the company; 8 cases are pending.

The current compliance status is marked as compliant by the Registrar of Companies.

Company Details of M N K Chits Private Limited
CIN U65992KA2009PTC048854
Registration Number 048854
Incorporation Date 12 January 2009
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 December 2020
Date of Balance Sheet 31 March 2020
Compliance Status Active Compliant
Key People
Muthanjinappa Neelaiah Director Kavalappa Vasantha Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
    Locked
  • Registered Address
    No. 565 11th Cross IV Main (Nagapura Main Road) Mahalakshm, I Puram, Bangalore, Karnataka, India – 560086
  • Industry
    Financial Services, Diversified Financial Services
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Financials, compliance, directors, charges, ownership and filings for M N K Chits Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of M N K Chits Private Limited

The main business activity of M N K Chits is financial and insurance service. In detail, this covers other financial activities.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
KFinancial and insurance ServiceK8Other financial activitiesLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

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Financials of M N K Chits Private Limited FY 2020 filings available

M N K Chits Private Limited reported revenue of ₹62.37 Lakh (up 5% YoY) for FY 2020.

Revenue · FY 2020
₹62.37 Lakh ▲ 5%
Net profit · FY 2020
₹6.97 Lakh margin 11.2%
EBITDA · FY 2020
₹14.36 Lakh margin 23%

Compounded Annual Growth Rate (CAGR) of M N K Chits Private Limited

Revenue CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 2%
5 years · compounded
▲ 40%
EBITDA CAGR growth
1 year
▲ 28%
3 years · compounded
▲ 14%
5 years · compounded
▲ 55%

Revenue has grown at a compounded annual rate (CAGR) of 40% over five years, including 5% growth in the latest year. EBITDA rose 28% 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 M N K Chits Private Limited

MetricsFY 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2015-16
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue₹62.37 Lakh••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA₹14.36 Lakh••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹6.97 Lakh••••••••••••••••
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 M N K Chits Private Limited

MetricsFY 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2015-16
Profitability
EBITDA Margin23%••••••••••••••••
Net Profit Margin11.2%••••••••••••••••
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••••••••••••••••••••

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 M N K Chits are in the company report.

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Financial statements from 2015

Earlier years and trend charts are in the company report.

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Peer Comparison of M N K Chits Private Limited

M N K Chits Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Other Financial Services). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Optimus Nexgen Wealth Private Limited₹62.41 Lakh (FY 2025)••••••••-3.0%••••Mumbai, Maharashtra, India
Mykaasu Finance Private Limited₹62.39 Lakh (FY 2025)••••••••105.0%••••Chennai, Tamil Nadu, India
Balbhadra Infratech Private Limited₹62.39 Lakh (FY 2025)••••••••-70.0%••••Kolkata, West Bengal, India
Sangam Urban Nidhi Limited₹62.38 Lakh (FY 2023)••••••••73.0%••••Satara, Maharashtra, India
Libra Buildcon Private Limited₹62.38 Lakh (FY 2025)••••••••-40.0%••••Delhi, India
M N K Chits Private Limited this company₹62.37 Lakh (FY 2020)••••••••5.0%••••Bangalore, Karnataka, India
Abhyudaya Vanijya Private Limited₹62.36 Lakh (FY 2025)••••••••-67.0%••••Kolkata, West Bengal, India
Pinaca Consultants Private Limited₹62.36 Lakh (FY 2025)••••••••-73.0%••••Chandighar, Chandigarh, India
Strikord Mercantiles Limited₹62.33 Lakh (FY 2020)••••••••-13.0%••••Kolkata, West Bengal, India
Sagarmal Ramesh Kumar Pvt Ltd₹62.32 Lakh (FY 2025)••••••••-34.0%••••Kolkata, West Bengal, India
Sai Samarpan Micro Credit₹62.29 Lakh (FY 2025)••••••••8.0%••••Lucknow, Uttar Pradesh, India

Peers are the five companies nearest above and the five nearest below M N K Chits by revenue in the BFSI industry (Other Financial Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of M N K Chits Private Limited

M N K Chits Private Limited is audited by M S R & ASSOCIATES for the financial year 2020.

NameStatusAppointment DateCessation Date
M S R & ASSOCIATESLockedLockedLocked
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Appointment and cessation dates and past auditor changes are in the company report.

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Board of Directors of M N K Chits Private Limited

M N K Chits has 2 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Muthanjinappa Neelaiah
Also directs: M N K Land & Building Developers Private Limited, Kaval Power Private Limited
Director12 Jan 200917 Years 8 MonthsCurrent
Kavalappa Vasantha
Also directs: M N K Land & Building Developers Private Limited
Director12 Jan 200917 Years 8 MonthsCurrent
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Ownership and Shareholding of M N K Chits Private Limited

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Charges & Borrowings of M N K Chits Private Limited

M N K Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.

Employees and EPFO Compliance at M N K Chits Private Limited

Employment history and EPFO contributions of people linked to M N K Chits.

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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on M N K Chits Private Limited

M N K Chits Private Limited has 2 board changes on record since 2009: 2 appointments. The latest: Kavalappa Vasantha was appointed as Director on 12 Jan 2009.

AGM
M N K Chits Private Limited last Annual general meeting of members was held on 31 Dec 2020 as per latest MCA records.
Filing
M N K Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Bangalore.
Appointed
Kavalappa Vasantha was appointed as Director.
Appointed
Muthanjinappa Neelaiah was appointed as Director.
Incorporation
12 Jan 2009
M N K Chits Private Limited was registered on 12 Jan 2009 with Roc Bangalore & aged 17 years 8 months as per MCA records.

Credit Ratings, Litigation & Regulatory Alerts for M N K Chits Private Limited

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Credit ratings, litigation, and regulatory alerts

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MSME Payment Delays by M N K Chits Private Limited

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MSME payment history

Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.

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Subsidiaries & Group Companies of M N K Chits Private Limited

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Corporate group structure

Parent, subsidiary, associate and joint venture records with holdings are in the company report.

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GST Compliance of M N K Chits Private Limited

M N K Chits has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
29AAFCM9506K2ZYKarnatakaActive29 Sep 2017
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of M N K Chits Private Limited

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MCA filings and documents

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Frequently Asked Questions about M N K Chits Private Limited

M N K Chits is an active private limited company based in Bangalore, Karnataka, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 12 January 2009 (17+ years old) and is registered under CIN U65992KA2009PTC048854.

M N K Chits reported revenue of ₹62.37 Lakh for FY 2020 (up 5% YoY).

M N K Chits has 2 current directors:

M N K Chits reported a net profit of ₹6.97 Lakh (net margin 11.2%) and EBITDA of ₹14.36 Lakh (EBITDA margin 23%) for FY 2020, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of M N K Chits is 2% over three years and 40% over five years. In the latest year (FY 2020) revenue rose 5%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of M N K Chits is 29AAFCM9506K2ZY, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.

The CIN (Corporate Identification Number) of M N K Chits is U65992KA2009PTC048854. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

M N K Chits has 60 court cases on record: 56 filed by the company. 8 are pending. Most are in the district courts.

M N K Chits was incorporated on 12 January 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.

The peers of M N K Chits by revenue are Optimus Nexgen Wealth Private Limited, Mykaasu Finance Private Limited, Balbhadra Infratech Private Limited, Sangam Urban Nidhi Limited, Libra Buildcon Private Limited and 5 more, all in the BFSI industry (Other Financial Services).

Kavalappa Vasantha was appointed as Director on 12 Jan 2009. Muthanjinappa Neelaiah was appointed as Director on 12 Jan 2009.

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