Mci Chits Limited
About Mci Chits Limited
Data last updated: 07 February 2026
Mci Chits Limited is a public limited company based in Mysore, Karnataka, India. It specialises in microfinance institutions, a part of the broader financial services sector. Incorporated on 22 October 1986, the company has been in operation for over 40 years.
Registered with ROC Bangalore under CIN U65992KA1986PLC007883.
Capital: an authorised share capital of ₹1 Cr and a paid-up capital of ₹85.97 Lakh. It is led by directors including Prasanna Kumar Hegde and Sachin Prabhakar Shetty.
Last AGM: 29 September 2025. Financial statements filed for year ended 31 March 2025. Office: No.17 Apmc Shopping Complex Sheshadriyer Road, Mysore, Karnataka, India – 570021.
As per the financials filed for FY 2025, the company reported a revenue of ₹81.42 Lakh, a growth of 12% compared to the previous year.
As per MCA filings, the company has open charges of ₹25 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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Registered AddressNo.17 Apmc Shopping Complex Sheshadriyer Road, Mysore, Karnataka, India – 570021
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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
CIN History of Mci Chits Limited
Mci Chits Limited has one previous CIN (Corporate Identification Number): U85110KA1986PLC007883. The current CIN is U65992KA1986PLC007883, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65992KA1986PLC007883 | Current |
| U85110KA1986PLC007883 | Previous |
Business Activity of Mci Chits Limited
Mci Chits Limited is engaged in the principal business activity of financial and insurance activities, with detailed activities including activities auxiliary to financial service and insurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities | Locked |
Business activity turnover details for Mci Chits 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 Mci Chits Limited
Mci Chits Limited is audited by G S RAO & CO for the financial year 2020. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G S RAO & CO | Locked | Locked | Locked |
Complete auditor history for Mci Chits Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Mci Chits Limited
Mci Chits Limited is currently managed by 7 directors, with 9 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 |
|---|---|---|---|---|
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Prasanna Kumar Hegde
Also directs:
Mookambika Chits Limited
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Director | 09 Oct 2015 | 10 Years 9 Months | Current |
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Sachin Prabhakar Shetty
Also directs:
M C I (Mysore) Chits Private Limited, Mookambika Chits Limited
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Director | 24 Aug 2015 | 10 Years 10 Months | Current |
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Sinchana Prabhakar Shetty
Also directs:
M C I (Mysore) Chits Private Limited, Mookambika Chits Limited
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Director | 24 Aug 2015 | 10 Years 10 Months | Current |
| Chethana Prashanth Shetty | Director | 17 Jul 2000 | 26 Years 0 Months | Current |
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Noothan Prabhakar Shetty
Also directs:
M C I (Mysore) Chits Private Limited, Mookambika Chits Limited
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Whole-Time Director | 24 Aug 2015 | 10 Years 10 Months | Current |
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Prabhakar Shetty
Also directs:
Mci Developers Private Limited, M C I (Mysore) Chits Private Limited, Mookambika Chits Limited and 1 more
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Managing Director | 06 Nov 1986 | 39 Years 8 Months | Current |
Financials of Mci Chits Limited FY 2025 filings available
Mci Chits Limited reported revenue of ₹81.42 Lakh (up 12.00% YoY) for FY 2025.
Ten-year financial statements for Mci Chits 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 Mci Chits Limited
Shareholding and ownership data for Mci Chits 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 of Mci Chits Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Oct 2005 | The Karur Vysya Bank Ltd | ₹25 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Mci Chits Limited
View historical data on people associated with Mci Chits Limited, including employment history and EPFO contributions.
Employee and EPFO history for Mci Chits Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Mci Chits Limited
GST registrations and filing compliance for Mci Chits 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 Mci Chits Limited
Credit ratings, litigation, and regulatory alerts for Mci Chits 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
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MSME Payment Delays by Mci Chits Limited
MSME payment history for Mci Chits 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 Mci Chits Limited
Corporate group structure for Mci Chits 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 Mci Chits Limited
MCA filings and documents for Mci Chits 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 Mci Chits Limited
Frequently Asked Questions about Mci Chits Limited
Mci Chits Limited is an active public limited company in the financial services sector based in Mysore, Karnataka, India. It was incorporated on 22 October 1986 (40+ years old) and is registered under CIN U65992KA1986PLC007883.
Mci Chits Limited reported revenue of ₹81.42 Lakh for FY 2025 (up 12.00% YoY).
The current directors of Mci Chits Limited are:
- Prasanna Kumar Hegde - Director
- Sachin Prabhakar Shetty - Director
- Sinchana Prabhakar Shetty - Director
- Chethana Prashanth Shetty - Director
- Noothan Prabhakar Shetty - Whole-Time Director
- Prabhakar Shetty - Managing Director
- Chandrashekar Hegde Billadi - Director
The primary industry of Mci Chits Limited is financial services. The company specifically operates in microfinance institutions. The company is currently active in this sector.
Mci Chits Limited can be reached at the registered office: No.17 Apmc Shopping Complex Sheshadriyer Road, Mysore, Karnataka, India – 570021.
The authorised capital is ₹1 Cr, and the paid-up capital is ₹85.97 Lakh.