About Margadarsi Chits (Karnataka) Private Limited
Data last updated: 07 February 2026
Margadarsi Chits (Karnataka) Private Limited is a private limited company based in Bangalore North, Karnataka, India, a subsidiary of Margadarsi Chit Fund Private Limited. It specialises in microfinance institutions, a part of the broader financial services sector. Incorporated on 22 March 2001, the company has been in operation for over 25 years.
Registered with ROC Bangalore under CIN U65992KA2001PTC028802.
Capital: an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Palavalasa Lakshmanarao and Sailaja Cherukuri.
Last AGM: 29 August 2025. Financial statements filed for year ended 31 March 2025. Office: Bangalore North, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹176.98 Cr, a growth of 12% compared to the previous year.
The company has a workforce of approximately 685 employees as per the latest available data. It operates as a subsidiary of Margadarsi Chit Fund Private Limited.
The company is associated with 1 brand - Margadarsi Chit Fund.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website margadarsi.com.
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Registered AddressPlotno 212 3Rd Floor, Gateno 9 Of Palace Grounds, Bangalore North, Karnataka, India – 560080
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IndustryFinancial Services, Microfinance Institutions
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Margadarsi Chits (Karnataka) Private Limited
Margadarsi Chits (Karnataka) Private Limited operates one associated brand: Margadarsi Chit Fund. These brands represent Margadarsi Chits (Karnataka) Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Functions as a cooperative lending company providing financial services. | margadarsi.com |
Competitors & Alternatives of Margadarsi Chits (Karnataka) Private Limited
Brands and companies operating in the same space as Margadarsi Chits (Karnataka) Private Limited include Kannattu, Saya Nidhi, ERNAD NIDHI and 4 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Kannattu
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Offers gold loans, insurance, travel services, and money transfer in India. | Chengannur, India, India | 1986 |
Saya Nidhi
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Financial company providing deposits, loans, saving accounts, and schemes for members in India. | Jaipur, India, India | 2018 |
ERNAD NIDHI
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Provides loans, deposits, and savings schemes to members in India. | Malappuram, India, India | 2016 |
Orjey
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Provides diversified loan options for members. | Bengaluru, India, India | 2020 |
Smart Nidhi Finance
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Operates as a cooperative firm offering consumer loans. | Jamshedpur, India, India | 1989 |
Jodhpur Gramin Nidhi
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Jodhpur Gramin Nidhi provides gold, mortgage, daily, and other loan services to members. | Jodhpur, India, India | 2019 |
Sanjai Success Nidhi
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Provides tea coffee vending machines and financial consultancy services. | Chennai, India, India | 2017 |
Business Activity of Margadarsi Chits (Karnataka) Private Limited
Margadarsi Chits (Karnataka) Private Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details for Margadarsi Chits (Karnataka) Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Margadarsi Chits (Karnataka) Private Limited
Margadarsi Chits (Karnataka) Private Limited is audited by BRAHMAYYA & CO for the financial year 2022. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BRAHMAYYA & CO | Locked | Locked | Locked |
Complete auditor history for Margadarsi Chits (Karnataka) Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors of Margadarsi Chits (Karnataka) Private Limited
Margadarsi Chits (Karnataka) Private Limited is currently managed by 3 directors, with 2 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Palavalasa Lakshmanarao | Director | 01 Dec 2020 | 5 Years 7 Months | Current |
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Sailaja Cherukuri
Also directs:
Ushodaya Enterprises Private Limited, Om Spiritual City, Margadarsi Marketing Pvt Ltd and 5 more
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Director | 22 Mar 2001 | 25 Years 4 Months | Current |
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Kiron Cherukuri
Also directs:
Ushodaya Enterprises Private Limited, Om Spiritual City, Dolphin Hotels Private Limited and 5 more
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Additional Director | 03 Dec 2024 | 1 Years 7 Months | Current |
Financials of Margadarsi Chits (Karnataka) Private Limited FY 2025 filings available
Margadarsi Chits (Karnataka) Private Limited reported revenue of ₹176.98 Cr (up 12.00% YoY) for FY 2025.
Ten-year financial statements for Margadarsi Chits (Karnataka) Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
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Ownership and Shareholding of Margadarsi Chits (Karnataka) Private Limited
Shareholding and ownership data for Margadarsi Chits (Karnataka) Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
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Charges & Borrowings Margadarsi Chits (Karnataka) Private Limited
Margadarsi Chits (Karnataka) Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Margadarsi Chits (Karnataka) Private Limited
Margadarsi Chits (Karnataka) Private Limited has a workforce of 685 employees as of Apr 03, 2024.
Employee and EPFO history for Margadarsi Chits (Karnataka) Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Margadarsi Chits (Karnataka) Private Limited
GST registrations and filing compliance for Margadarsi Chits (Karnataka) Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Margadarsi Chits (Karnataka) Private Limited
Credit ratings, litigation, and regulatory alerts for Margadarsi Chits (Karnataka) Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- 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 Margadarsi Chits (Karnataka) Private Limited
MSME payment history for Margadarsi Chits (Karnataka) Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Margadarsi Chits (Karnataka) Private Limited
Corporate group structure for Margadarsi Chits (Karnataka) Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Margadarsi Chits (Karnataka) Private Limited
MCA filings and documents for Margadarsi Chits (Karnataka) Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Margadarsi Chits (Karnataka) Private Limited
Recent News on Margadarsi Chits (Karnataka) Private Limited
Frequently Asked Questions about Margadarsi Chits (Karnataka) Private Limited
Margadarsi Chits (Karnataka) Private Limited is an active private limited company in the financial services sector based in Bangalore North, Karnataka, India. It was incorporated on 22 March 2001 (25+ years old) and is registered under CIN U65992KA2001PTC028802. The company has 685 employees.
Margadarsi Chits (Karnataka) Private Limited reported revenue of ₹176.98 Cr for FY 2025 (up 12.00% YoY).
The current directors of Margadarsi Chits (Karnataka) Private Limited are:
- Palavalasa Lakshmanarao - Director
- Sailaja Cherukuri - Director
- Kiron Cherukuri - Additional Director
The primary industry of Margadarsi Chits (Karnataka) Private Limited is financial services. The company specifically operates in microfinance institutions. The company is currently active in this sector.
Margadarsi Chits (Karnataka) Private Limited can be reached at the registered office: Plotno 212 3Rd Floor, Gateno 9 Of Palace Grounds, Bangalore North, Karnataka, India – 560080, or through the website margadarsi.com.
The authorised capital is ₹50 Lakh, and the paid-up capital is ₹50 Lakh.