About M R J Chits Private Limited
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M R J Chits Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 24 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2005PTC037034. Its GSTIN is 29AAECM4524A1ZT (Karnataka).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹12 Lakh. It is led by directors including Ramaiah Srinivas and Venkataramanappa Munnanju Munnanju.
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. 75 Banashankari Marketjumma Masjid Road Avenue Cross Road Bangalore, Karnataka, India – 560002.
As per the financials filed for FY 2025, the company reported a revenue of ₹51.3 Lakh, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹3.11 Lakh (net margin 6.1%) and EBITDA of ₹4.71 Lakh (EBITDA margin 9.2%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 4% over five years.
The company is associated with 1 brand: MRJ Chits. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mrjchits.com.
Company details
Contact details
M R J Chits Private Limited's registered office is in Bangalore, Karnataka. Its website is mrjchits.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 75 Banashankari Marketjumma Masjid Road Avenue Cross Road Bangalore, Karnataka, India – 560002
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of M R J 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
Brands
M R J Chits operates one associated brand: MRJ Chits. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Chit fund operations and financial services in India. | mrjchits.com |
Business activity
The main business activity of M R J 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 M R J Chits Private Limited, buy the company report.
Financials of M R J Chits Private Limited
FY 2025 filings availableM R J Chits Private Limited reported revenue of ₹51.3 Lakh (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 12% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 4%. EBITDA fell 7% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹4.71 Lakh | ||||
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| Net Profit (PAT) | ₹3.11 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 9.2% | ||||
| Net Profit Margin | 6.1% | ||||
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To see the full financial statements and ratios of M R J Chits Private Limited, buy the company report.
Board of directors of M R J Chits Private Limited
M R J Chits has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramaiah Srinivas Also directs: Sri Shakambari Chits Private Limited | Director | 24 Aug 2005 | 21 Years 1 Months | Current |
| Venkataramanappa Munnanju Munnanju Also directs: Sri Shakambari Chits Private Limited | Director | 24 Aug 2005 | 21 Years 1 Months | Current |
| Munnanju Jairaj Also directs: Sri Shakambari Chits Private Limited | Director | 24 Aug 2005 | 21 Years 1 Months | Current |
| Devanga Ramaiah Also directs: Sri Shakambari Chits Private Limited | Director | 24 Aug 2005 | 21 Years 1 Months | Current |
Peer comparison
M R J Chits Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Kothamangalam Nidhi Limited | ₹51.89 Lakh (FY 2024) | -27.0% | Kothamangalam, Kerala, India | |||
| Trichy Shree Valathi Chit Funds Private Limited | ₹51.79 Lakh (FY 2025) | -8.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Na Muthurajaa Chit Funds Private Limited | ₹51.46 Lakh (FY 2025) | 52.0% | Chennai, Tamil Nadu, India | |||
| Orange City Urban Nidhi Limited | ₹51.3 Lakh (FY 2023) | 50.0% | Saoner, Maharashtra, India | |||
| Isra Nidhi Limited | ₹51.3 Lakh (FY 2025) | 4.0% | Thrissur, Kerala, India | |||
| M R J Chits Private Limitedthis company | ₹51.3 Lakh (FY 2025) | ₹3.11 Lakh | 6.1% | 12.0% | Bangalore, Karnataka, India | |
| Ujala Micro Finance | ₹51.2 Lakh (FY 2025) | 101.0% | Gorakhpur, Uttar Pradesh, India | |||
| Karappara Chit Funds Private Limited | ₹51 Lakh (FY 2025) | 23.0% | Kottayam, Kerala, India | |||
| Kurunji Nidhi Limited | ₹50.62 Lakh (FY 2024) | -29.0% | Nagercoil, Tamil Nadu, India |
To see the full peer comparison of M R J Chits Private Limited, buy the company report.
Auditor
M R J Chits Private Limited is audited by G S RAO & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G S RAO & CO | FY 2023 | 003127S |
Shareholding
The shareholding of M R J Chits Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of M R J Chits Private Limited, buy the company report.
Legal cases
M R J Chits Private Limited has 1 court case on record: 1 filed by M R J Chits. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against The State of Karnataka Rep by Its Secretary | Disposed |
To see the full case history of M R J Chits 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 M R J Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
M R J Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECM4524A1ZT | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of M R J Chits Private Limited, buy the company report.
Recent activity
M R J Chits Private Limited has 4 board changes on record since 2005: 4 appointments. The latest: Devanga Ramaiah was appointed as Director on 24 Aug 2005.
Frequently asked questions
M R J Chits is an active private limited company based in Bangalore, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 24 August 2005 (21+ years old) and is registered under CIN U65992KA2005PTC037034.
M R J Chits has 4 current directors:
- Ramaiah Srinivas - Director
- Venkataramanappa Munnanju Munnanju - Director
- Munnanju Jairaj - Director
- Devanga Ramaiah - Director
The latest financial statements of M R J Chits 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 GSTIN of M R J Chits is 29AAECM4524A1ZT, registered in Karnataka.
The CIN (Corporate Identification Number) of M R J Chits is U65992KA2005PTC037034. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
M R J Chits has 1 court case on record: 1 filed by the company.
M R J Chits was incorporated on 24 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of M R J Chits by revenue are Kothamangalam Nidhi Limited, Trichy Shree Valathi Chit Funds Private Limited, Na Muthurajaa Chit Funds Private Limited, Orange City Urban Nidhi Limited, Isra Nidhi Limited and 3 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Devanga Ramaiah was appointed as Director on 24 Aug 2005. Munnanju Jairaj was appointed as Director on 24 Aug 2005. Ramaiah Srinivas was appointed as Director on 24 Aug 2005. M R J Chits has 4 board changes on record in total.
M R J Chits can be reached through the website mrjchits.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of M R J Chits is at No. 75 Banashankari Marketjumma Masjid Road Avenue Cross Road Bangalore, Karnataka, India – 560002.