MFC Chits Private Limited
About MFC Chits Private Limited
Data last updated:
MFC Chits Private Limited is a private limited company based in Mysore, Karnataka, India. It specialises in microfinance institutions, a part of the broader financial services sector. Incorporated on 13 June 1997, the company has been in operation for over 29 years.
Registered with ROC Bangalore under CIN U65992KA1997PTC022380.
Capital: an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4.64 Lakh. It is led by directors including Nagendra Kumar Sathyanarayanasetty and Bindumalyam Ranganathasetty Nagesha.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: #180/2 1st Floor Cheluvamba Agrahara Ramavilas Raod Cross, Mysore, Karnataka, India – 570008.
As per the financials filed for FY 2025, the company reported a revenue of ₹17.78 Lakh, a growth of 3% compared to the previous year.
As per MCA filings, the company has open charges of ₹9 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address#180/2 1st Floor Cheluvamba Agrahara Ramavilas Raod Cross, Mysore, Karnataka, India – 570008
- 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
Business Activity of MFC Chits
The main business activity of MFC 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 MFC Chits Private 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 MFC Chits
MFC Chits Private Limited is audited by B N ASHOK KUMAR & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B N ASHOK KUMAR & CO | Locked | Locked | Locked |
Complete auditor history for MFC Chits Private 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 MFC Chits Private Limited
MFC Chits has 6 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nagendra Kumar Sathyanarayanasetty Also directs: Kanyaka Vasavi Chits Private Limited, K V C Chits Private Limited | Director | 20 Nov 2020 | 5 Years 10 Months | Current |
| Bindumalyam Ranganathasetty Nagesha Also directs: Kanyaka Vasavi Chits Private Limited | Director | 02 Dec 2014 | 11 Years 10 Months | Current |
| Binduvalam Ashokkumar Vijayalakshmi Also directs: Kanyaka Vasavi Chits Private Limited, K V C Chits Private Limited | Director | 13 Jun 1997 | 29 Years 3 Months | Current |
| Hebbur Ravikumar Lalitha Ravikumar Also directs: Kanyaka Vasavi Chits Private Limited | Director | 30 Sep 2016 | 10 Years 0 Months | Current |
| Venkataramanaswamysetty Also directs: Kanyaka Vasavi Chits Private Limited, K V C Chits Private Limited | Director | 30 Sep 2016 | 10 Years 0 Months | Current |
| Sudha Girish Also directs: Kanyaka Vasavi Chits Private Limited | Director | 13 Jun 1997 | 29 Years 3 Months | Current |
Financials of MFC Chits Private Limited FY 2025 filings available
MFC Chits Private Limited reported revenue of ₹17.78 Lakh (up 3.00% YoY) for FY 2025.
Ten-year financial statements for MFC Chits Private 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 MFC Chits
Shareholding and ownership data for MFC Chits Private 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 MFC Chits
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 May 2019 | Lakshmi Vilas Bank Limited | ₹9 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at MFC Chits
Employment history and EPFO contributions of people linked to MFC Chits.
Employee and EPFO history for MFC Chits Private 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 MFC Chits
GST registrations and filing compliance for MFC Chits Private 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 MFC Chits
Credit ratings, litigation, and regulatory alerts for MFC Chits Private 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 MFC Chits
MSME payment history for MFC Chits Private 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 MFC Chits
Corporate group structure for MFC Chits Private 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 MFC Chits
MCA filings and documents for MFC Chits Private 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 MFC Chits
Frequently Asked Questions about MFC Chits Private Limited
MFC Chits is an active private limited company based in Mysore, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 13 June 1997 (29+ years old) and is registered under CIN U65992KA1997PTC022380.
MFC Chits reported revenue of ₹17.78 Lakh for FY 2025 (up 3.00% YoY).
MFC Chits has 6 current directors:
- Nagendra Kumar Sathyanarayanasetty - Director
- Bindumalyam Ranganathasetty Nagesha - Director
- Binduvalam Ashokkumar Vijayalakshmi - Director
- Hebbur Ravikumar Lalitha Ravikumar - Director
- Venkataramanaswamysetty - Director
- Sudha Girish - Director
The CIN (Corporate Identification Number) of MFC Chits is U65992KA1997PTC022380. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MFC Chits was incorporated on 13 June 1997, making it 29+ years old. It is registered with the Registrar of Companies, Bangalore.
The registered office of MFC Chits is at #1802 1st Floor Cheluvamba Agrahara Ramavilas Raod Cross, Mysore, Karnataka, India – 570008.
MFC Chits has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4.64 Lakh.
MFC Chits operates in the financial services industry, in the microfinance institutions segment.
No. MFC Chits is not listed on any stock exchange. It is an unlisted company.