Mci Chits Limited - Company Profile

It is a financial services public limited company based in Mysore, Karnataka, India, established in 1986.
1986 Mysore, Karnataka, India Active
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About Mci Chits Limited

Mci Chits Limited, a active public limited company, was established on 22 October 1986 in Mysore, Karnataka, India. Engaging in microfinance institutions within the financial and insurance service sector, it holds CIN: U65992KA1986PLC007883. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹1.00 Cr and a paid-up capital of ₹8.60 M.

It upholds a compliant status. Its leadership includes Prasanna Kumar Hegde (Director), Sachin Prabhakar Shetty (Director), Sinchana Prabhakar Shetty (Director). Past directors included Prasanna Kumar Hegde, Bandarehalli Veeranna Nagaraj, Sachin Prabhakar Shetty. It holds ₹2.50 M open charges and no settled loans. Its latest AGM occurred on 29 September 2025, with the balance sheet filed on 31 March 2025. It is based at No.17, Apmc Shopping Complex, Sheshadriyer Road, Mysore, Karnataka, 570021.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
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Company Details

  • CIN/LLPIN

    U65992KA1986PLC007883

  • Registration Number

    007883

  • Incorporation Date

    22 October 1986

  • Authorized Capital

    ₹1.00 Cr

  • Paid-Up Capital

    ₹8.60 M

  • ROC Code

    Roc Bangalore

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 8.60 M
  • Company Age 39 Year, 5 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 2.50 M
  • Revenue Growth **** 22.50%
  • Profit Growth **** 134.95%
  • Ebitda **** 88.72%
  • Net Worth 118.24%
  • Total Assets -42.76%
Company report

Mci Chits Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Mci Chits Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Mci Chits Limited?
Current Directors
Name Designation Appointment Date Status
Prasanna Kumar Hegde Director 09 Oct 2015 Current
Sachin Prabhakar Shetty Director 24 Aug 2015 Current
Sinchana Prabhakar Shetty Director 24 Aug 2015 Current
Chethana Prashanth Shetty Director 17 Jul 2000 Current
Noothan Prabhakar Shetty Whole-Time Director 24 Aug 2015 Current
Prabhakar Shetty Managing Director 06 Nov 1986 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Additional Director 18 Aug 2016 Past
Pramod Abcsdd Director 30 Jan 2016 Past
Pramod Abcsdd Additional Director 30 Sep 2015 Past
Pramod Abcsdd Additional Director 30 Sep 2015 Past
Pramod Abcsdd Additional Director 30 Sep 2015 Past
Pramod Abcsdd Director 30 Jan 2016 Past

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Financial Performance of Mci Chits.

Mci Chits Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 22.5% increase. The company also saw a substantial improvement in profitability, with a 134.95% increase in profit. The company's net worth Soared by an impressive increase of 118.24%.

Mci Chits revenue growth over time
Mci Chits profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 22.50%
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*******
*******
Revenue from Operations
*******
 14.13%
*******
*******
*******
*******
Total Assets
*******
 -42.76%
*******
*******
*******
*******
Profit or Loss
*******
 134.95%
*******
*******
*******
*******
Net Worth
*******
 118.24%
*******
*******
*******
*******
EBITDA
*******
 88.72%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Mci Chits?

In 2020, Mci Chits had a promoter holding of 98.98% and a public holding of 1.02%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹2,500,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • The Karur Vysya Bank Ltd : 0.25 Cr
Latest Charge Details
Date Lender Amount Status
17 Oct 2005 The Karur Vysya Bank Ltd ₹2.50 M Open

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How Many Employees Work at Mci Chits?

Unlock and access historical data on people associated with Mci Chits, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mci Chits, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Mci Chits's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Mci Chits
Recent Activity within the Organization
  • Annual General Meeting

    Mci Chits Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    Mci Chits Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore. was recorded as a recent event.

  • Director Appointment

    Progress on Prasanna Kumar Hegde was appointed as a Director was appointed as a Director on 09 Oct 2015 & has been associated with this company since 10 years 5 months . was documented.

  • Director Appointment

    The activity Chandrashekar Hegde Billadi was appointed as a Director was appointed as a Director on 09 Oct 2015 & has been associated with this company since 10 years 5 months . was completed.

  • Director Appointment

    The activity Sachin Prabhakar Shetty was appointed as a Director was appointed as a Director on 24 Aug 2015 & has been associated with this company since 10 years 7 months . was completed.

  • Director Appointment

    Sinchana Prabhakar Shetty was appointed as a Director was appointed as a Director on 24 Aug 2015 & has been associated with this company since 10 years 7 months . was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Mci Chits Limited?

The CIN of Mci Chits Limited is U65992KA1986PLC007883.

Where is Mci Chits Limited headquartered?

Mci Chits Limited is headquartered at No.17, Apmc Shopping Complex, Sheshadriyer Road, Mysore, Karnataka, 570021.

When was Mci Chits Limited incorporated?

Mci Chits Limited was incorporated on 22 October 1986.

Who are the current directors of Mci Chits Limited?

The current directors of Mci Chits Limited are

What is the primary industry of Mci Chits Limited?

The primary industry of Mci Chits Limited is Financial And Insurance Service.

Is Mci Chits Limited a listed company?

Mci Chits Limited is unlisted.

What is the capital structure of Mci Chits Limited?

The authorized capital of Mci Chits Limited is ₹1.00 Cr, and the paid-up capital is ₹8.60 M.

What is the compliance status of Mci Chits Limited?

The compliance status of Mci Chits Limited is Compliant.

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