Manahitha Chit Funds Private Limited
About Manahitha Chit Funds Private Limited
Data last updated:
Manahitha Chit Funds Private Limited is a private limited company based in Godavarikhani, Telangana, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 09 October 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65999TG2017PTC119947. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors Myadagoni Ravinder Goud (Managing Director) and Somineni Someshwar Rao.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at H.No. 21 – 2 – 158/3 Opp Siddhartha High School Markandaya Colony, Godavarikhani, Telangana, India – 505209.
As per the financials filed for FY 2024, the company reported a revenue of ₹50.04 Lakh, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹1.03 Lakh (net margin 2.1%) and EBITDA of ₹2.11 Lakh (EBITDA margin 4.2%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 10% over five years.
Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Manahitha Chit Funds Private Limited's registered office is in Godavarikhani, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressH.No. 21 – 2 – 158/3 Opp Siddhartha High School Markandaya Colony, Godavarikhani, Telangana, India – 505209
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Manahitha Chit Funds 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 Manahitha Chit Funds 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 Manahitha Chit Funds Private Limited, buy the company report.
Financials of Manahitha Chit Funds Private Limited
FY 2024 filings availableManahitha Chit Funds Private Limited reported revenue of ₹50.04 Lakh (down 14% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. EBITDA fell 16% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2.11 Lakh | ||||
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| Net Profit (PAT) | ₹1.03 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 4.2% | ||||
| Net Profit Margin | 2.1% | ||||
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To see the full financial statements and ratios of Manahitha Chit Funds Private Limited, buy the company report.
Board of directors of Manahitha Chit Funds Private Limited
Manahitha Chit Funds has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Myadagoni Ravinder Goud | Managing Director | 09 Oct 2017 | 9 Years 0 Months | Current |
| Somineni Someshwar Rao | Director | 09 Oct 2017 | 9 Years 0 Months | Current |
Peer comparison
Manahitha Chit Funds Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Chit Funds, 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 |
|---|---|---|---|---|---|---|
| Vee Kay Chits Private Limited | ₹50.32 Lakh (FY 2024) | 78.0% | Lucknow, Uttar Pradesh, India | |||
| Little Flower Kuries and Enterprises Ltd | ₹50.12 Lakh (FY 2024) | 94.0% | Ernakulam, Kerala, India | |||
| Manahitha Chit Funds Private Limitedthis company | ₹50.04 Lakh (FY 2024) | ₹1.03 Lakh | 2.1% | -14.0% | Godavarikhani, Telangana, India | |
| CGR Chit Fund Private Limited | ₹49.86 Lakh (FY 2025) | 3.0% | Hyderabad, Telangana, India | |||
| Jyothis Nidhi Limited | ₹49.82 Lakh (FY 2024) | -2.0% | Ernakulam, Kerala, India | |||
| Sai Maruti Chit Funds Hyderabad Private Limited | ₹49.82 Lakh (FY 2024) | -4.0% | Hyderabad, Telangana, India | |||
| Arujit Urban Nidhi Limited | ₹49.71 Lakh (FY 2024) | 54.0% | Aurangabad, Maharashtra, India |
To see the full peer comparison of Manahitha Chit Funds Private Limited, buy the company report.
Auditor
Manahitha Chit Funds Private Limited is audited by SATHISH & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SATHISH & ASSOCIATES | FY 2023 | 223360 |
Shareholding
The shareholding of Manahitha Chit Funds 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 Manahitha Chit Funds Private Limited, buy the company report.
Legal cases
Manahitha Chit Funds Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Peddapalli, Telangana | Cheque dishonour complaint | Filed against the company by an individual | Pending |
To see the full case history of Manahitha Chit Funds 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 Manahitha Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Manahitha Chit Funds has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Manahitha Chit Funds Private Limited, buy the company report.
Recent activity
Manahitha Chit Funds Private Limited has 5 board changes on record since 2017: 2 appointments and 3 cessations. The latest: Bandari Ravi ceased to be Director on 09 Jul 2020.
Frequently asked questions
Manahitha Chit Funds is an active private limited company based in Godavarikhani, Telangana, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 09 October 2017 (9+ years old) and is registered under CIN U65999TG2017PTC119947.
Manahitha Chit Funds has 2 current directors:
- Myadagoni Ravinder Goud - Managing Director
- Somineni Someshwar Rao - Director
The latest financial statements of Manahitha Chit Funds on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2018 are in the company report.
No. Manahitha Chit Funds has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Manahitha Chit Funds is U65999TG2017PTC119947. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Manahitha Chit Funds has 1 court case on record: 1 filed against it. 1 is pending.
Manahitha Chit Funds was incorporated on 09 October 2017, making it 9+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Manahitha Chit Funds by revenue are Vee Kay Chits Private Limited, Little Flower Kuries and Enterprises Ltd, CGR Chit Fund Private Limited, Jyothis Nidhi Limited, Sai Maruti Chit Funds Hyderabad Private Limited and 1 more, all in the BFSI industry (Chit Funds, Micro Finance), with the same principal business activity (other financial activities).
Bandari Ravi ceased to be Director on 09 Jul 2020. Doddupalli Vinay ceased to be Director on 09 Jul 2020. Myadagoni Ravinder Goud ceased to be Director on 09 Jul 2020. Manahitha Chit Funds has 5 board changes on record in total.
The registered office of Manahitha Chit Funds is at H.No. 21 – 2 – 1583 Opp Siddhartha High School Markandaya Colony, Godavarikhani, Telangana, India – 505209.
Manahitha Chit Funds operates in the financial services industry, in the microfinance institutions segment.
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