Mahanidhi Chits Private Limited
About Mahanidhi Chits Private Limited
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Mahanidhi Chits Private Limited is a private limited company based in Belgaum, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 31 January 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2012PTC062322.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Shivappa Chikodi Ramappa and Preeti Vasudev Raikar.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Cts No. 111/C&D T.F.F.No.103 Dane Galli Shahapur, Belgaum, Karnataka, India – 590003.
As per the financials filed for FY 2017, the company reported a revenue of ₹16,645, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹34,246 (net margin -205.7%) and EBITDA of ₹400 (EBITDA margin 2.4%).
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Mahanidhi Chits Private Limited's registered office is in Belgaum, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressCts No. 111/C&D T.F.F.No.103 Dane Galli Shahapur, Belgaum, Karnataka, India – 590003
- IndustryFinancial Services, Financial Activities
To see the full contact details of Mahanidhi 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
Financials of Mahanidhi Chits Private Limited
FY 2021 filings availableMahanidhi Chits Private Limited reported revenue of ₹16,645 (down 98% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 98% 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 | ₹16,645 | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹400 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹34,246 | ||
| 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 | 2.4% | ||
| Net Profit Margin | -205.7% | ||
| 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 Mahanidhi Chits Private Limited, buy the company report.
Board of directors of Mahanidhi Chits Private Limited
Mahanidhi Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shivappa Chikodi Ramappa Also directs: Giridhwani Chits Private Limited | Director | 31 Jan 2012 | 14 Years 8 Months | Current |
| Preeti Vasudev Raikar | Director | 31 Jan 2012 | 14 Years 8 Months | Current |
Auditor
Mahanidhi Chits Private Limited is audited by VIJAY PANCHAPPA AND CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIJAY PANCHAPPA AND CO | FY 2017 | 004693S |
Shareholding
The shareholding of Mahanidhi Chits 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 Mahanidhi Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mahanidhi 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 Mahanidhi 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 Mahanidhi Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Mahanidhi Chits Private Limited has 2 board changes on record since 2012: 2 appointments. The latest: Preeti Vasudev Raikar was appointed as Director on 31 Jan 2012.
Frequently asked questions
Mahanidhi Chits is an active private limited company based in Belgaum, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 31 January 2012 (14+ years old) and is registered under CIN U65992KA2012PTC062322.
Mahanidhi Chits has 2 current directors:
- Shivappa Chikodi Ramappa - Director
- Preeti Vasudev Raikar - Director
The latest financial statements of Mahanidhi Chits on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Mahanidhi Chits is U65992KA2012PTC062322. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahanidhi Chits was incorporated on 31 January 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
Preeti Vasudev Raikar was appointed as Director on 31 Jan 2012. Shivappa Chikodi Ramappa was appointed as Director on 31 Jan 2012.
The registered office of Mahanidhi Chits is at Cts No. 111C&D T.F.F.No.103 Dane Galli Shahapur, Belgaum, Karnataka, India – 590003.
Mahanidhi Chits operates in the financial services industry, in the financial activities segment.
The compliance status of Mahanidhi Chits is active non-compliant as of 15 September 2026. The company is actively filing with the Registrar of Companies.
Mahanidhi Chits can be reached at its registered office: Cts No. 111C&D T.F.F.No.103 Dane Galli Shahapur, Belgaum, Karnataka, India – 590003.