Marikamba Chit Funds Private Limited
About Marikamba Chit Funds Private Limited
Data last updated:
Marikamba Chit Funds Private Limited is a private limited company based in Gokak, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 20 June 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2003PTC032132. Its GSTIN is 29AAECM1814F1ZO (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Basavaraj Nagappa Khanappanavar (Managing Director) and Mahadevi Basavaraj Hattaraki.
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 Cts No.4522 Wagule Building Guruwar Path, Gokak, Karnataka, India – 591307.
As per the financials filed for FY 2025, the company reported a revenue of ₹60.53 Lakh, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹1.48 Lakh (net margin 2.5%) and EBITDA of ₹7.89 Lakh (EBITDA margin 13%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 5% over five years.
Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Marikamba Chit Funds Private Limited's registered office is in Gokak, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressCts No.4522 Wagule Building Guruwar Path, Gokak, Karnataka, India – 591307
- IndustryFinancial Services, Financial Activities
To see the full contact details of Marikamba 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 Marikamba Chit Funds is financial and insurance activities. In detail, this covers financial service activities, except insurance and pension funding.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 64 | Financial service activities, except insurance and pension funding |
To see the full business activity and turnover split of Marikamba Chit Funds Private Limited, buy the company report.
Financials of Marikamba Chit Funds Private Limited
FY 2024 filings availableMarikamba Chit Funds Private Limited reported revenue of ₹60.53 Lakh (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA rose 15% 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 |
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| EBITDA | ₹7.89 Lakh | ||||
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| Net Profit (PAT) | ₹1.48 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 13% | ||||
| Net Profit Margin | 2.5% | ||||
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To see the full financial statements and ratios of Marikamba Chit Funds Private Limited, buy the company report.
Board of directors of Marikamba Chit Funds Private Limited
Marikamba Chit Funds has 8 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahadevi Basavaraj Hattaraki | Director | 30 Sep 2015 | 11 Years 1 Months | Current |
| Basavaraj Nagappa Khanappanavar | Managing Director | 20 Jun 2003 | 23 Years 4 Months | Current |
| Abbasa Chwdamanisa Wagale | Director | 16 Apr 2007 | 19 Years 6 Months | Current |
| Geeta Bahubali Kharepathan | Director | 20 Jun 2003 | 23 Years 4 Months | Current |
| Basavaraj Balappa Hattaraki | Director | 15 Aug 2012 | 14 Years 2 Months | Current |
| Mahantayya Gangayya Hiremath | Director | 30 Jan 2013 | 13 Years 9 Months | Current |
Auditor
Marikamba Chit Funds Private Limited is audited by MaheshTenzing&Co. Chartered Accountants for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MaheshTenzing&Co. Chartered Accountants | FY 2017 | 012567S |
Shareholding
The shareholding of Marikamba Chit Funds 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 Marikamba Chit Funds Private Limited, buy the company report.
Legal cases
Marikamba Chit Funds Private Limited has 1 court case on record: 1 filed by Marikamba Chit Funds. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against The State of Karnataka Rep by Its Secretary and 1 other | Disposed |
To see the full case history of Marikamba 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 Marikamba Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Marikamba Chit Funds has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECM1814F1ZO | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Marikamba Chit Funds Private Limited, buy the company report.
Recent activity
Marikamba Chit Funds Private Limited has 22 board changes on record since 2003: 15 appointments and 7 cessations. The latest: Adiveppa Mayappa Tahashildar ceased to be Additional Director on 04 Sep 2023.
13 earlier events are in the company report.
Frequently asked questions
Marikamba Chit Funds is an active private limited company based in Gokak, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 20 June 2003 (23+ years old) and is registered under CIN U65992KA2003PTC032132.
Marikamba Chit Funds has 8 current directors:
- Basavaraj Nagappa Khanappanavar - Managing Director
- Mahadevi Basavaraj Hattaraki - Director
- Abbasa Chwdamanisa Wagale - Director
- Geeta Bahubali Kharepathan - Director
- Basavaraj Balappa Hattaraki - Director
- Mahantayya Gangayya Hiremath - Director
- Bahubali Neminath Kharepathan - Director
- Mahantesh Shrishail Kumbar - Additional Director
The latest financial statements of Marikamba 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 2015 are in the company report.
The GSTIN of Marikamba Chit Funds is 29AAECM1814F1ZO, registered in Karnataka.
The CIN (Corporate Identification Number) of Marikamba Chit Funds is U65992KA2003PTC032132. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Marikamba Chit Funds has 1 court case on record: 1 filed by the company.
Marikamba Chit Funds was incorporated on 20 June 2003, making it 23+ years old. It is registered with the Registrar of Companies, Bangalore.
Adiveppa Mayappa Tahashildar ceased to be Additional Director on 04 Sep 2023. Rajendra Bhimappa Kenchanagudd ceased to be Director on 04 Sep 2023. Adiveppa Mayappa Tahashildar was appointed as Additional Director on 21 Sep 2022. Marikamba Chit Funds has 22 board changes on record in total.
The registered office of Marikamba Chit Funds is at Cts No.4522 Wagule Building Guruwar Path, Gokak, Karnataka, India – 591307.
Marikamba Chit Funds operates in the financial services industry, in the financial activities segment.
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