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About M.C.I.(Bangalore) Chits Limited
Data last updated: 27 December 2025
M.C.I.(Bangalore) Chits Limited is a public limited company based in Bangalore, Karnataka, India. It specialises in microfinance institutions, a part of the broader financial services sector. Incorporated on 04 March 1998, the company has been in operation for over 28 years.
Registered with ROC Bangalore under CIN U65992KA1998PLC023454.
Capital: an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹3.5 Cr. It is led by directors including Suma Girish Bandrehally and Bandrehally Shivalingappa.
Last AGM: 30 September 2023. Financial statements filed for year ended 31 March 2023. Office: B – 104 Brigade Majestic 1St Main Road Gandhinagar Bangalore, Karnataka, India – 560009.
As per the financials filed for FY 2023, the company reported a revenue of ₹6.38 Cr, a growth of 36% compared to the previous year.
As per MCA filings, the company has open charges of ₹6.48 Cr and satisfied charges of ₹6.62 Cr on record.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website mcichitfund.com.
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Registered AddressB – 104 Brigade Majestic 1St Main Road Gandhinagar Bangalore, Karnataka, India – 560009
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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 M.C.I.(Bangalore) Chits Limited
M.C.I.(Bangalore) Chits Limited has one previous CIN (Corporate Identification Number): U65992KA1998PTC023454. The current CIN is U65992KA1998PLC023454, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65992KA1998PLC023454 | Current |
| U65992KA1998PTC023454 | Previous |
Business Activity of M.C.I.(Bangalore) Chits Limited
M.C.I.(Bangalore) Chits Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details for M.C.I.(Bangalore) 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 M.C.I.(Bangalore) Chits Limited
M.C.I.(Bangalore) Chits Limited is audited by G.S.Rao & Co for the financial year 2023. 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 M.C.I.(Bangalore) 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 M.C.I.(Bangalore) Chits Limited
M.C.I.(Bangalore) Chits Limited is currently managed by 6 directors, with 10 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 |
|---|---|---|---|---|
| Suma Girish Bandrehally | Director | 17 Oct 2014 | 11 Years 10 Months | Current |
| Bandrehally Shivalingappa | Director | 13 Jul 2001 | 25 Years 1 Months | Current |
|
Muthe Gowda Thimme Gowda
Also directs:
Spr Developers Private Limited, Montez G Spirits Private Limited, Spr Sugars Private Limited and 5 more
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Director | 13 Jul 2001 | 25 Years 1 Months | Current |
| Sidde Gowda Shivalinge Gowda | Director | 01 Jul 2006 | 20 Years 1 Months | Current |
| Kavitha Chikkappaiah | Director | 17 Oct 2014 | 11 Years 10 Months | Current |
| Mahesh Bandrehalli | Director | 29 Jun 2008 | 18 Years 1 Months | Current |
Financials of M.C.I.(Bangalore) Chits Limited FY 2023 filings available
M.C.I.(Bangalore) Chits Limited reported revenue of ₹6.38 Cr (up 36.00% YoY) for FY 2023.
Ten-year financial statements for M.C.I.(Bangalore) Chits Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of M.C.I.(Bangalore) Chits Limited
Shareholding and ownership data for M.C.I.(Bangalore) Chits Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of M.C.I.(Bangalore) Chits Limited
| 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 | ₹18 Lakh | Satisfied |
Total charge records: 5 View all charges
Employees and EPFO Compliance at M.C.I.(Bangalore) Chits Limited
View historical data on people associated with M.C.I.(Bangalore) Chits Limited, including employment history and EPFO contributions.
Employee and EPFO history for M.C.I.(Bangalore) 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 M.C.I.(Bangalore) Chits Limited
GST registrations and filing compliance for M.C.I.(Bangalore) 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
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for M.C.I.(Bangalore) Chits Limited
Credit ratings, litigation, and regulatory alerts for M.C.I.(Bangalore) 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
Verified entity values are shown only after access is granted.
MSME Payment Delays by M.C.I.(Bangalore) Chits Limited
MSME payment history for M.C.I.(Bangalore) 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
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of M.C.I.(Bangalore) Chits Limited
Corporate group structure for M.C.I.(Bangalore) 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
Verified entity values are shown only after access is granted.
MCA Filings & Documents of M.C.I.(Bangalore) Chits Limited
MCA filings and documents for M.C.I.(Bangalore) 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 M.C.I.(Bangalore) Chits Limited
Frequently Asked Questions about M.C.I.(Bangalore) Chits Limited
M.C.I.(Bangalore) Chits Limited is an active public limited company in the financial services sector based in Bangalore, Karnataka, India. It was incorporated on 04 March 1998 (28+ years old) and is registered under CIN U65992KA1998PLC023454.
M.C.I.(Bangalore) Chits Limited reported revenue of ₹6.38 Cr for FY 2023 (up 36.00% YoY).
The current directors of M.C.I.(Bangalore) Chits Limited are:
- Suma Girish Bandrehally - Director
- Bandrehally Shivalingappa - Director
- Muthe Gowda Thimme Gowda - Director
- Sidde Gowda Shivalinge Gowda - Director
- Kavitha Chikkappaiah - Director
- Mahesh Bandrehalli - Director
The primary industry of M.C.I.(Bangalore) Chits Limited is financial services. The company specifically operates in microfinance institutions. The company is currently active in this sector.
M.C.I.(Bangalore) Chits Limited can be reached at the registered office: B – 104 Brigade Majestic 1St Main Road Gandhinagar Bangalore, Karnataka, India – 560009, or through the website mcichitfund.com.
The authorised capital is ₹4.5 Cr, and the paid-up capital is ₹3.5 Cr.