Mci Chits Limited
About Mci Chits Limited
Data last updated:
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
- 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
Mci Chits 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
The main business activity of Mci Chits is financial and insurance activities. In detail, this covers 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 share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Mci Chits
Mci Chits Limited is audited by G S RAO & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G S RAO & CO | Locked | Locked | Locked |
Complete auditor history for Mci Chits Limited
Appointment and cessation dates and past auditor changes are in the company report.
- 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 has 7 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prasanna Kumar Hegde Also directs: Mookambika Chits Limited | Director | 09 Oct 2015 | 10 Years 11 Months | Current |
| Sachin Prabhakar Shetty Also directs: M C I (Mysore) Chits Private Limited, Mookambika Chits Limited | Director | 24 Aug 2015 | 11 Years 1 Months | Current |
| Sinchana Prabhakar Shetty Also directs: M C I (Mysore) Chits Private Limited, Mookambika Chits Limited | Director | 24 Aug 2015 | 11 Years 1 Months | Current |
| Chethana Prashanth Shetty | Director | 17 Jul 2000 | 26 Years 2 Months | Current |
| Noothan Prabhakar Shetty Also directs: M C I (Mysore) Chits Private Limited, Mookambika Chits Limited | Whole-Time Director | 24 Aug 2015 | 11 Years 1 Months | Current |
| Prabhakar Shetty Also directs: Mci Developers Private Limited, M C I (Mysore) Chits Private Limited, Mookambika Chits Limited and 1 more | Managing Director | 06 Nov 1986 | 39 Years 10 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
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Mci Chits
Shareholding and ownership data for Mci Chits Limited
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Mci Chits
| 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
Employment history and EPFO contributions of people linked to Mci Chits.
Employee and EPFO history for Mci Chits Limited
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Mci Chits
GST registrations and filing compliance for Mci Chits Limited
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Mci Chits
Credit ratings, litigation, and regulatory alerts for Mci Chits Limited
Credit ratings, court records and regulatory alerts are in the company report.
- 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 Mci Chits
MSME payment history for Mci Chits Limited
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Mci Chits
Corporate group structure for Mci Chits Limited
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Mci Chits
MCA filings and documents for Mci Chits Limited
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- 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
Frequently Asked Questions about Mci Chits Limited
Mci Chits 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 reported revenue of ₹81.42 Lakh for FY 2025 (up 12.00% YoY).
The current directors of Mci Chits 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 is financial services. The company specifically operates in microfinance institutions. The company is currently active in this sector.
Mci Chits 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.