M.C.I.(Bangalore) Chits Limited - Company Profile

It is a financial services public limited company based in Bangalore, Karnataka, India, established in 1998.
1998 Bangalore, Karnataka, India Active
Last Updated:
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About M.C.I.(Bangalore) Chits Limited

M.C.I.(Bangalore) Chits Limited, a active public limited company, was established on 04 March 1998 in Bangalore, Karnataka, India. Engaging in microfinance institutions within the financial and insurance service sector, it holds CIN: U65992KA1998PLC023454. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹4.50 Cr and a paid-up capital of ₹3.50 Cr.

It upholds a active non-compliant status. Its leadership includes Suma Girish Bandrehally (Director), Bandrehally Shivalingappa (Director), Muthe Gowda Thimme Gowda (Director). Past directors included Suma Girish Bandrehally, Bandrehally Shivalingappa, Sunigere Veerappa Halaswamy. It holds ₹6.48 Cr open charges and ₹6.62 Cr settled loans. Its latest AGM occurred on 30 September 2023, with the balance sheet filed on 31 March 2023. It is based at B-104,Brigade Majestic,1St Main Road, Gandhinagar, Bangalore, Bangalore, Karnataka, 560009.

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

    +91-XXXXXXXXXX

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

  • CIN/LLPIN

    U65992KA1998PLC023454

  • Registration Number

    023454

  • Incorporation Date

    04 March 1998

  • Authorized Capital

    ₹4.50 Cr

  • Paid-Up Capital

    ₹3.50 Cr

  • ROC Code

    Roc Bangalore

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 4.50 Cr
  • Paid Up Capital ₹ 3.50 Cr
  • Company Age 27 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 6.48 Cr
  • Satisfied Charges ₹ 6.62 Cr
  • Revenue Growth **** 36.29%
  • Profit Growth **** 0.45%
  • Ebitda **** -467.29%
  • Net Worth 2.85%
  • Total Assets **** 12.84%
Company report

M.C.I.(Bangalore) Chits Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into M.C.I.(Bangalore) 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 M.C.I.(Bangalore) Chits Limited?
Current Directors
Name Designation Appointment Date Status
Suma Girish Bandrehally Director 17 Oct 2014 Current
Bandrehally Shivalingappa Director 13 Jul 2001 Current
Muthe Gowda Thimme Gowda Director 13 Jul 2001 Current
Sidde Gowda Shivalinge Gowda Director 01 Jul 2006 Current
Kavitha Chikkappaiah Director 17 Oct 2014 Current
Mahesh Bandrehalli Director 29 Jun 2008 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Additional Director 30 Sep 2015 Past
Pramod Abcsdd Managing Director 31 Oct 2010 Past
Pramod Abcsdd Additional Director 30 Sep 2015 Past
Pramod Abcsdd Director 01 May 2008 Past
Pramod Abcsdd Director 17 Oct 2014 Past
Pramod Abcsdd Director 30 Jan 2016 Past

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Financial Performance of M.C.I.(Bangalore) Chits.

M.C.I.(Bangalore) Chits Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 36.29% increase. The company also saw a slight improvement in profitability, with a 0.45% increase in profit. The company's net worth moved up by a moderate rise of 2.85%.

M.C.I.(Bangalore) Chits revenue growth over time
M.C.I.(Bangalore) 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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 36.29%
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Revenue from Operations
*******
 38.79%
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Total Assets
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 12.84%
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*******
Profit or Loss
*******
 0.45%
*******
*******
*******
*******
Net Worth
*******
 2.85%
*******
*******
*******
*******
EBITDA
*******
 -467.29%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of M.C.I.(Bangalore) Chits?

In 2023, M.C.I.(Bangalore) Chits had a promoter holding of 70.03% and a public holding of 29.97%. 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

₹64,800,000.00

Satisfied Charges

₹66,223,062.00

Charges Breakdown by Lending Institutions
  • Others : 6.48 Cr
Latest Charge Details
Date Lender Amount Status
30 Dec 2023 Others ₹1.73 Cr Open
24 Apr 2023 Others ₹4.75 Cr Open
28 Jul 2018 Others ₹4.57 Cr Satisfied
30 Dec 2015 Others ₹1.87 Cr Satisfied
26 Mar 2007 Lakshmi Vilas Bank Limited ₹1.80 M Satisfied

Explore comprehensive loan charge details -

How Many Employees Work at M.C.I.(Bangalore) Chits?

Unlock and access historical data on people associated with M.C.I.(Bangalore) 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 M.C.I.(Bangalore) 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 M.C.I.(Bangalore) 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 M.C.I.(Bangalore) Chits
Recent Activity within the Organization
  • Charges

    Progress on A charge with Others amounted to Rs. 1.73 Cr with Charge ID 100850001 was registered on 30 Dec 2023. was documented.

  • Annual General Meeting

    The activity M.C.I.(Bangalore) Chits Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records. was completed.

  • Charges

    A charge with Others amounted to Rs. 4.75 Cr with Charge ID 100717000 was registered on 24 Apr 2023. was recorded as a recent event.

  • Charges

    The activity A charge registered on 28 Jul 2018 via Charge ID 100195342 with Others was fully satisfied on 21 Apr 2023. was completed.

  • Balance Sheet

    The activity M.C.I.(Bangalore) Chits Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore. was completed.

  • Charges

    A charge with Others of Rs. 4.57 Cr registered on 28 Jul 2018 with Charge ID 100195342 was modified on 30 Jun 2020. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of M.C.I.(Bangalore) Chits Limited?

The CIN of M.C.I.(Bangalore) Chits Limited is U65992KA1998PLC023454.

Where is M.C.I.(Bangalore) Chits Limited headquartered?

M.C.I.(Bangalore) Chits Limited is headquartered at B-104,Brigade Majestic,1St Main Road, Gandhinagar, Bangalore, Bangalore, Karnataka, 560009.

When was M.C.I.(Bangalore) Chits Limited incorporated?

M.C.I.(Bangalore) Chits Limited was incorporated on 04 March 1998.

Who are the current directors of M.C.I.(Bangalore) Chits Limited?

The current directors of M.C.I.(Bangalore) Chits Limited are

What is the primary industry of M.C.I.(Bangalore) Chits Limited?

The primary industry of M.C.I.(Bangalore) Chits Limited is Financial And Insurance Service.

Is M.C.I.(Bangalore) Chits Limited a listed company?

M.C.I.(Bangalore) Chits Limited is unlisted.

What is the capital structure of M.C.I.(Bangalore) Chits Limited?

The authorized capital of M.C.I.(Bangalore) Chits Limited is ₹4.50 Cr, and the paid-up capital is ₹3.50 Cr.

What is the compliance status of M.C.I.(Bangalore) Chits Limited?

The compliance status of M.C.I.(Bangalore) Chits Limited is Active Non-Compliant.

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