India's Richest People 2026 edition · 1 director · Source: Hurun India
- #236 VP Nandakumar ₹15,900 Cr
Revenue · FY 2025
₹5.02 Cr
▼ 2% YoY
Net loss · FY 2025
₹1.71 Cr
Net margin -34.1%
EBITDA · FY 2025
-₹1.49 Cr
EBITDA margin -29.6%
Authorised capital
₹18.92 Cr
Registered with MCA
Paid-up capital
₹18.44 Cr
Issued & subscribed
Company age
15 yrs
Est. 2011
Employees · EPFO
68
Provident fund records
Directors on board
5
As per MCA filings
About Manappuram Chits (Karnataka) Private Limited
Data last updated:
Manappuram Chits (Karnataka) 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 04 November 2011 and has been in existence for over 15 years.
Its director VP Nandakumar is #236 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2011PTC061081. Its GSTIN is 29AAICM2646M1ZX (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹18.92 Cr and a paid-up capital of ₹18.44 Cr. It was formerly known as Manappuram Chits Company (Karnataka) Private Limited. It is led by directors including Ravy Gangadharan Kodappully (Managing Director) and Jyothy Prasannan.
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.44 East End Road 09th Block Jayanagar, Bangalore, Karnataka, India – 560069.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.02 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net loss of ₹1.71 Cr (net margin -34.1%) and EBITDA of -₹1.49 Cr (EBITDA margin -29.6%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 10% over five years.
The company has about 68 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Manappuram Chits. Court records list 893 cases involving the company, including 876 filed by the company and 17 filed against it; 227 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 manappuramchits.com.
Company details
CIN U65992KA2011PTC061081
Registration Number 061081
Incorporation Date 04 November 2011
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Ravy Gangadharan Kodappully Managing Director Jyothy Prasannan Director Vazhappully Padmanabhan Nandakumar Director Recognitions & Rankings of Manappuram Chits (Karnataka)
Contact details
Manappuram Chits (Karnataka) Private Limited's registered office is in Bangalore, Karnataka. Its website is manappuramchits.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Apps
- Registered AddressNo.44 East End Road 09th Block Jayanagar, Bangalore, Karnataka, India – 560069
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Manappuram Chits (Karnataka) Private Limited, buy the company report.
Comprehensive company report
Manappuram Chits (Karnataka) Private Limited - one report that includes everything
- 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
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Brands
Manappuram Chits (Karnataka) operates one associated brand: Manappuram Chits. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers chit fund schemes and online financial solutions for savings and loans. | manappuramchits.com |
Business activity
The main business activity of Manappuram Chits (Karnataka) 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 Manappuram Chits (Karnataka) Private Limited, buy the company report.
Financials of Manappuram Chits (Karnataka) Private Limited
FY 2025 filings availableManappuram Chits (Karnataka) Private Limited reported revenue of ₹5.02 Cr (down 2% YoY) for FY 2025.
Revenue · FY 2025
₹5.02 Cr ▼ 2%
Net loss · FY 2025
₹1.71 Cr margin -34.1%
EBITDA · FY 2025
-₹1.49 Cr margin -29.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▼ 6%
5 years · compounded
▼ 10%
EBITDA CAGR growth
1 year
▲ 2%
3 years · compounded
▼ 8%
5 years · compounded
▲ 14%
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 2% fall in the latest year. EBITDA rose 2% 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 |
|---|---|---|---|---|---|
| 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 | -₹1.49 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.71 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -29.6% | ||||
| Net Profit Margin | -34.1% | ||||
| 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 Manappuram Chits (Karnataka) Private Limited, buy the company report.
Board of directors of Manappuram Chits (Karnataka) Private Limited
Manappuram Chits (Karnataka) has 5 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jyothy Prasannan Also directs: Manappuram Jewellers Limited., Manappuram Asset Finance Limited, Manappuram Chit Funds Company Private Limited and 2 more | Director | 04 Nov 2011 | 14 Years 11 Months | Current |
| Vazhappully Padmanabhan Nandakumar Also directs: Manappuram Jewellers Limited., Manappuram Chit Funds Company Private Limited, Manappuram Chits( India )Limited and 5 more | Director | 04 Nov 2011 | 14 Years 11 Months | Current |
| Sushama Nandakumar Also directs: Manappuram Jewellers Limited., Manappuram Chit Funds Company Private Limited, Manappuram Agro Farms Limited and 5 more | Director | 04 Nov 2011 | 14 Years 11 Months | Current |
| Ravy Gangadharan Kodappully | Managing Director | 01 Mar 2012 | 14 Years 7 Months | Current |
| Arimboor Chakkunny George Also directs: Manappuram Chit Funds Company Private Limited, Manappuram Chits( India )Limited, Manappuram Agro Farms Limited and 1 more | Director | 27 Apr 2013 | 13 Years 6 Months | Current |
Peer comparison
Manappuram Chits (Karnataka) Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Perundurai Devi Chit Promoters Private Limited | ₹5.14 Cr (FY 2024) | 53.0% | Erode, Tamil Nadu, India | |||
| Datum Micro Credit | ₹5.1 Cr (FY 2025) | 4.0% | Bhubaneswar, Odisha, India | |||
| Manappuram Chits (Karnataka) Private Limitedthis company | ₹5.02 Cr (FY 2025) | -₹1.71 Cr | -34.1% | -2.0% | 68 | Bangalore, Karnataka, India |
| Baba Puranmal Chit Fund Private Limited | ₹4.92 Cr (FY 2025) | 1.0% | Hyderabad, Telangana, India | |||
| Navalika Chit Funds Private Limited | ₹4.86 Cr (FY 2024) | 15.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Manappuram Chits (Karnataka) Private Limited, buy the company report.
Auditor
Manappuram Chits (Karnataka) Private Limited is audited by Mohandas & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mohandas & Associates | FY 2023 | 02116S |
Shareholding
The shareholding of Manappuram Chits (Karnataka) 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Manappuram Chits (Karnataka) Private Limited, buy the company report.
Legal cases
Manappuram Chits (Karnataka) Private Limited has 893 court cases on record: 876 filed by Manappuram Chits (Karnataka), 17 filed against it. 227 cases are pending and 666 are disposed.
Total cases
893
Filed by the company
876
Filed against the company
17
Pending
227
Disposed
666
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 884 | 13 | 219 |
| High courts | 9 | 4 | 8 |
Cases on record (5 of 893)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against Rajalakshmi | Pending |
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal case | Filed against the company by an individual | Pending |
| District court, CHAMRAJNAGAR, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Pending |
To see the full case history of Manappuram Chits (Karnataka) 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 Manappuram Chits (Karnataka) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Manappuram Chits (Karnataka) Private Limited has a workforce of 68 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
68
Active EPFO establishments
1
Employee growth
17.24%
GST
Manappuram Chits (Karnataka) has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICM2646M1ZX | Karnataka | Active | 01 Jul 2017 |
| 32AAICM2646M1ZA | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Manappuram Chits (Karnataka) Private Limited, buy the company report.
Recent activity
Manappuram Chits (Karnataka) Private Limited has 9 board changes on record since 2011: 5 appointments and 4 cessations. The latest: Divakara Narayanamangala ceased to be Ceo(Kmp) on 23 Sep 2021.
AGM
Manappuram Chits (Karnataka) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Manappuram Chits (Karnataka) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Divakara Narayanamangala ceased to be Ceo(Kmp).
Ceased
Ravy Gangadharan Kodappully ceased to be Additional Director.
Ceased
Geetha Vazhappilly Padmanabhan ceased to be Director.
Ceased
Arimboor Chakkunny George ceased to be Additional Director.
Appointed
Arimboor Chakkunny George was appointed as Director.
Appointed
Ravy Gangadharan Kodappully was appointed as Managing Director.
Appointed
Jyothy Prasannan was appointed as Director.
Appointed
Sushama Nandakumar was appointed as Director.
Appointed
Vazhappully Padmanabhan Nandakumar was appointed as Director.
Incorporation
04 Nov 2011
Manappuram Chits (Karnataka) Private Limited was registered on 04 Nov 2011 with Roc Bangalore & aged 14 years 11 months as per MCA records.
Frequently asked questions
Manappuram Chits (Karnataka) 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 04 November 2011 (15+ years old) and is registered under CIN U65992KA2011PTC061081.
Manappuram Chits (Karnataka) has 5 current directors:
- Ravy Gangadharan Kodappully - Managing Director
- Jyothy Prasannan - Director
- Vazhappully Padmanabhan Nandakumar - Director
- Sushama Nandakumar - Director
- Arimboor Chakkunny George - Director
The latest financial statements of Manappuram Chits (Karnataka) 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 Manappuram Chits (Karnataka) is 29AAICM2646M1ZX, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 32AAICM2646M1ZA (Kerala).
The CIN (Corporate Identification Number) of Manappuram Chits (Karnataka) is U65992KA2011PTC061081. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Manappuram Chits (Karnataka) has 893 court cases on record: 876 filed by the company and 17 filed against it. 227 are pending. Most are in the district courts.
Manappuram Chits (Karnataka) was incorporated on 04 November 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Manappuram Chits (Karnataka) by revenue are Perundurai Devi Chit Promoters Private Limited, Datum Micro Credit, Baba Puranmal Chit Fund Private Limited, Navalika Chit Funds Private Limited, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Divakara Narayanamangala ceased to be Ceo(Kmp) on 23 Sep 2021. Ravy Gangadharan Kodappully ceased to be Additional Director on 01 Aug 2015. Geetha Vazhappilly Padmanabhan ceased to be Director on 18 Nov 2013. Manappuram Chits (Karnataka) has 9 board changes on record in total.
Manappuram Chits (Karnataka) can be reached through the website manappuramchits.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Manappuram Chits (Karnataka) is at No.44 East End Road 09th Block Jayanagar, Bangalore, Karnataka, India – 560069.
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