About Makarajyothi Chits Private Limited
Data last updated:
Makarajyothi Chits Private Limited is a private limited company based in Mangalore, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 22 January 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA1999PTC024667. Its GSTIN is 29AACCM3898H1ZY (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹80.94 Lakh. It is led by directors including Antharaguthu Suresh Rai (Managing Director) and Tharanath Bolar Shetty (Whole-Time Director).
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.3 Ist Floor Adonaitowers Highland Kankandy Mangalore, Karnataka, India – 575002.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.36 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹4.66 Lakh (net margin 2%) and EBITDA of ₹18.38 Lakh (EBITDA margin 7.8%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 4% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.45 Cr on record. Court records list 326 cases involving the company, including 311 filed by the company and 8 filed against it; 81 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website makarajyothichits.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.3 Ist Floor Adonaitowers Highland Kankandy Mangalore, Karnataka, India – 575002
- IndustryFinancial Services, Microfinance Institutions
- 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
- One PDF report, delivered after checkout
Business Activity of Makarajyothi Chits Private Limited
The main business activity of Makarajyothi Chits is financial and insurance activities. In detail, this covers financial service activities, except insurance and pension funding.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 64 | Financial service activities, except insurance and pension funding | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Makarajyothi Chits Private Limited FY 2025 filings available
Makarajyothi Chits Private Limited reported revenue of ₹2.36 Cr (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Makarajyothi Chits Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 15% growth in the latest year. EBITDA fell 30% 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 Makarajyothi Chits Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹18.38 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.66 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 Makarajyothi Chits Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 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 Makarajyothi Chits are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Makarajyothi Chits Private Limited
Makarajyothi Chits Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Micro Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| P.F.Chit Funds Private Limited | ₹2.41 Cr (FY 2024) | •••• | •••• | 19.0% | •••• | Chennai, Tamil Nadu, India |
| Cherupushpam Kuries Olarikkara Pvt Ltd | ₹2.41 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Thrissur, Kerala, India |
| Trichy Venkatajalapathy Chit Funds Private Limited | ₹2.4 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Tiruchirappalli, Tamil Nadu, India |
| Aviratha Chits Private Limited | ₹2.39 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Bangalore, Karnataka, India |
| Vyavsayi Bachat Evam Sakh Swamlambi Nidhi Limited | ₹2.37 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Patna, Bihar, India |
| Makarajyothi Chits Private Limited this company | ₹2.36 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Mangalore, Karnataka, India |
| J.N. Chit Funds Private Limited | ₹2.36 Cr (FY 2024) | •••• | •••• | 27.0% | •••• | Chennai, Tamil Nadu, India |
| Trichy Sri Ambal Chit Fund Private Limited | ₹2.36 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Trichirapalli, Tamil Nadu, India |
| Reena Chits Private Limited | ₹2.35 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Kannur, Kerala, India |
| Sharan Welfare Foundation | ₹2.35 Cr (FY 2025) | •••• | •••• | 47.0% | •••• | Bhopal, Madhya Pradesh, India |
| Bansalbandu Chitfund Private Limited | ₹2.34 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Makarajyothi Chits by revenue in the BFSI industry (Micro Finance), 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 Makarajyothi Chits Private Limited
Auditor information for Makarajyothi Chits Private Limited provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.
Board of Directors of Makarajyothi Chits Private Limited
Makarajyothi Chits has 6 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Antharaguthu Suresh Rai | Managing Director | 22 Jan 1999 | 27 Years 8 Months | Current |
| Tharanath Bolar Shetty | Whole-Time Director | 22 Jan 1999 | 27 Years 8 Months | Current |
| Mamatha Tharanath Shetty | Whole-Time Director | 12 Dec 2007 | 18 Years 10 Months | Current |
| Guddamadi Rathnakara Shetty | Whole-Time Director | 12 Jun 2003 | 23 Years 4 Months | Current |
| Surekha Suresh Rai | Whole-Time Director | 12 Dec 2007 | 18 Years 10 Months | Current |
| Geetha Rathnakar Shetty | Whole-Time Director | 12 Dec 2007 | 18 Years 10 Months | Current |
Ownership and Shareholding of Makarajyothi Chits Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Makarajyothi Chits Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Oct 2010 | Others | ₹1.45 Cr | Open |
Total charge records: 1 View all charges
Legal Cases of Makarajyothi Chits Private Limited
Makarajyothi Chits Private Limited has 326 court cases on record: 311 filed by Makarajyothi Chits, 8 filed against it, 7 where it is another party. 81 cases are pending and 245 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 306 | 4 | 81 |
| High courts | 20 | 4 | 0 |
Cases on record (5 of 326)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DAKSHINA KANNADA, Karnataka | Court case (Ex.C) | Filed by the company against Rashtra Deepika Ltd | Pending |
| District court, UDUPI, Karnataka | Execution petition | Filed by the company against an individual | Pending |
| District court, UDUPI, Karnataka | Execution petition | Filed by the company against an individual | Pending |
| District court, UDUPI, Karnataka | Execution petition | Filed by the company against an individual | Pending |
| District court, UDUPI, Karnataka | Execution petition | Filed by the company against an individual | Pending |
Full case history
All 326 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Makarajyothi Chits Private Limited
Makarajyothi Chits Private Limited has a workforce of 18 employees as of Apr 04, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Makarajyothi Chits Private Limited
Makarajyothi Chits Private Limited has 9 board changes on record since 1999: 6 appointments and 3 cessations. The latest: Geetha Rathnakar Shetty ceased to be Additional Director on 20 Mar 2009.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Makarajyothi Chits Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Makarajyothi Chits Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Makarajyothi Chits Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Makarajyothi Chits Private Limited
Makarajyothi Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCM3898H1ZY | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Makarajyothi Chits Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Makarajyothi Chits Private Limited
Makarajyothi Chits is an active private limited company based in Mangalore, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 22 January 1999 (27+ years old) and is registered under CIN U65992KA1999PTC024667.
Makarajyothi Chits reported revenue of ₹2.36 Cr for FY 2025 (up 15% YoY).
Makarajyothi Chits has 6 current directors:
- Antharaguthu Suresh Rai - Managing Director
- Tharanath Bolar Shetty - Whole-Time Director
- Mamatha Tharanath Shetty - Whole-Time Director
- Guddamadi Rathnakara Shetty - Whole-Time Director
- Surekha Suresh Rai - Whole-Time Director
- Geetha Rathnakar Shetty - Whole-Time Director
Makarajyothi Chits reported a net profit of ₹4.66 Lakh (net margin 2%) and EBITDA of ₹18.38 Lakh (EBITDA margin 7.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Makarajyothi Chits is 22% over three years and 4% over five years. In the latest year (FY 2025) revenue rose 15%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Makarajyothi Chits is 29AACCM3898H1ZY, registered in Karnataka.
The CIN (Corporate Identification Number) of Makarajyothi Chits is U65992KA1999PTC024667. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Makarajyothi Chits has 326 court cases on record: 311 filed by the company and 8 filed against it. 81 are pending. Most are in the district courts.
Makarajyothi Chits was incorporated on 22 January 1999, making it 27+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Makarajyothi Chits by revenue are P.F.Chit Funds Private Limited, Cherupushpam Kuries Olarikkara Pvt Ltd, Trichy Venkatajalapathy Chit Funds Private Limited, Aviratha Chits Private Limited, Vyavsayi Bachat Evam Sakh Swamlambi Nidhi Limited and 5 more, all in the BFSI industry (Micro Finance).
Geetha Rathnakar Shetty ceased to be Additional Director on 20 Mar 2009. Mamatha Tharanath Shetty ceased to be Additional Director on 20 Mar 2009. Surekha Suresh Rai ceased to be Additional Director on 20 Mar 2009. Makarajyothi Chits has 9 board changes on record in total.