Magna Chit Fund Private Limited
About Magna Chit Fund Private Limited
Data last updated:
Magna Chit Fund Private Limited is a private limited company based in Chakan, Maharashtra, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 28 December 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U65992PN2012PTC145835.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.5 Lakh. It is led by directors including Vivek Raghunath Nanekar and Aniket Sakharam Kedari.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Office No/Shop No.04 Gokul Complex Pune Nashik Highway Talegaon Chowk Chakan, Maharashtra, India – 410501.
As per the financials filed for FY 2017, the company reported a revenue of ₹1.33 Lakh, a decline of 66% compared to the previous year. For the same year it recorded a net profit of ₹11,813 (net margin 8.9%) and EBITDA of ₹47,591 (EBITDA margin 35.7%).
Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Magna Chit Fund Private Limited's registered office is in Chakan, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOffice No/Shop No.04 Gokul Complex Pune Nashik Highway Talegaon Chowk Chakan, Maharashtra, India – 410501
- IndustryFinancial Services, Financial Activities
To see the full contact details of Magna Chit Fund 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 Magna Chit Fund 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 Magna Chit Fund Private Limited, buy the company report.
Financials of Magna Chit Fund Private Limited
FY 2017 filings availableMagna Chit Fund Private Limited reported revenue of ₹1.33 Lakh (down 66% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 66% in the latest year. EBITDA rose 15% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹1.33 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹47,591 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹11,813 | ||
| 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 | 35.7% | ||
| Net Profit Margin | 8.9% | ||
| 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 Magna Chit Fund Private Limited, buy the company report.
Board of directors of Magna Chit Fund Private Limited
Magna Chit Fund has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivek Raghunath Nanekar Also directs: Bhandara Infrastructure LLP, Kalpa Infrastructure LLP, Mechatronix Solar Energy Private Limited and 2 more | Director | 28 Dec 2012 | 13 Years 9 Months | Current |
| Aniket Sakharam Kedari | Director | 28 Dec 2012 | 13 Years 9 Months | Current |
| Ganesh Prabhakar Phadke | Director | 28 Dec 2012 | 13 Years 9 Months | Current |
Peer comparison
Magna Chit Fund Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Sampurnbramh Nidhi Limited | ₹1.33 Lakh (FY 2024) | 155.0% | Ulhasnagar, Maharashtra, India | |||
| MPK Holdings Pvt Ltd | ₹1.33 Lakh (FY 2025) | -1.0% | Kolkata, West Bengal, India | |||
| Ambu Global Investments Private Limited | ₹1.33 Lakh (FY 2024) | Bangalore, Karnataka, India | ||||
| Navaa Vajrha Chits Private Limited | ₹1.33 Lakh (FY 2020) | 11.0% | Bangalore, Karnataka, India | |||
| Ceyone Chit Fund Private Limited | ₹1.33 Lakh (FY 2018) | Coimbatore, Tamil Nadu, India | ||||
| Magna Chit Fund Private Limitedthis company | ₹1.33 Lakh (FY 2017) | ₹11,813 | 8.9% | -66.0% | Chakan, Maharashtra, India | |
| Safeforce Village Digital Services Private Limited | ₹1.33 Lakh (FY 2023) | 179.0% | Baleshwar, Odisha, India | |||
| Quality India Nidhi Limited | ₹1.33 Lakh (FY 2019) | 79.0% | Belgaum, Karnataka, India | |||
| Paliathuruth Kuries Limited | ₹1.33 Lakh (FY 2023) | -31.0% | North Parur, Kerala, India | |||
| Neelanjanam Nidhi Limited | ₹1.33 Lakh (FY 2020) | Thrissur, Kerala, India | ||||
| Kartar Fincap Limited | ₹1.33 Lakh (FY 2021) | -80.0% | Punjab, India |
To see the full peer comparison of Magna Chit Fund Private Limited, buy the company report.
Auditor
Magna Chit Fund Private Limited is audited by K B B & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K B B & ASSOCIATES | FY 2017 | 135391W |
Shareholding
The shareholding of Magna Chit Fund 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 Magna Chit Fund Private Limited, buy the company report.
Legal cases
Magna Chit Fund Private Limited has 1 court case on record: 1 filed by Magna Chit Fund. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Magna Chit Fund 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 Magna Chit Fund 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 Magna Chit Fund Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Magna Chit Fund Private Limited has 3 board changes on record since 2012: 3 appointments. The latest: Aniket Sakharam Kedari was appointed as Director on 28 Dec 2012.
Frequently asked questions
Magna Chit Fund is an active private limited company based in Chakan, Maharashtra, India. The company works in financial activities, within the financial services industry. It was incorporated on 28 December 2012 (14+ years old) and is registered under CIN U65992PN2012PTC145835.
Magna Chit Fund has 3 current directors:
- Vivek Raghunath Nanekar - Director
- Aniket Sakharam Kedari - Director
- Ganesh Prabhakar Phadke - Director
The latest financial statements of Magna Chit Fund on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Magna Chit Fund is U65992PN2012PTC145835. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magna Chit Fund has 1 court case on record: 1 filed by the company.
Magna Chit Fund was incorporated on 28 December 2012, making it 14+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Magna Chit Fund by revenue are Sampurnbramh Nidhi Limited, MPK Holdings Pvt Ltd, Ambu Global Investments Private Limited, Navaa Vajrha Chits Private Limited, Ceyone Chit Fund Private Limited and 5 more, all in the same principal business activity (other financial activities).
Aniket Sakharam Kedari was appointed as Director on 28 Dec 2012. Ganesh Prabhakar Phadke was appointed as Director on 28 Dec 2012. Vivek Raghunath Nanekar was appointed as Director on 28 Dec 2012.
The registered office of Magna Chit Fund is at Office NoShop No.04 Gokul Complex Pune Nashik Highway Talegaon Chowk Chakan, Maharashtra, India – 410501.
Magna Chit Fund operates in the financial services industry, in the financial activities segment.
The compliance status of Magna Chit Fund is active non-compliant as of 08 August 2026. The company is actively filing with the Registrar of Companies.