Mfc Chits Private Limited - Company Profile

It is a financial services private limited company based in Mysore, Karnataka, India, established in 1997.
1997 Mysore, Karnataka, India Active
Last Updated:
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About Mfc Chits Private Limited

Mfc Chits Private Limited, a active private limited company, was established on 13 June 1997 in Mysore, Karnataka, India. Engaging in microfinance institutions within the financial and insurance service sector, it holds CIN: U65992KA1997PTC022380. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹0.50 M and a paid-up capital of ₹0.46 M.

It upholds a compliant status. Its leadership includes Nagendra Kumar Sathyanarayanasetty (Director), Bindumalyam Ranganathasetty Nagesha (Director), Binduvalam Ashokkumar Vijayalakshmi (Director). Past directors included Gayathri Satya, Bindumalyam Ranganathasetty Nagesha, Purushothama Shivalingaiah. It holds ₹0.90 M open charges and no settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at #180/2, 1St Floor, Cheluvamba Agrahara, Ramavilas Raod Cross,, Mysore, Karnataka, 570008.

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

    +91-XXXXXXXXXX

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

  • CIN/LLPIN

    U65992KA1997PTC022380

  • Registration Number

    022380

  • Incorporation Date

    13 June 1997

  • Authorized Capital

    ₹0.50 M

  • Paid-Up Capital

    ₹0.46 M

  • ROC Code

    Roc Bangalore

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 0.50 M
  • Paid Up Capital ₹ 0.46 M
  • Company Age 28 Year, 9 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 0.90 M
  • Revenue Growth **** 23.61%
  • Profit Growth **** 607.12%
  • Ebitda **** 144.79%
  • Net Worth 93.82%
  • Total Assets **** 53.90%
Company report

Mfc Chits Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Mfc Chits Private 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 Mfc Chits Private Limited?
Current Directors
Name Designation Appointment Date Status
Nagendra Kumar Sathyanarayanasetty Director 20 Nov 2020 Current
Bindumalyam Ranganathasetty Nagesha Director 02 Dec 2014 Current
Binduvalam Ashokkumar Vijayalakshmi Director 13 Jun 1997 Current
Hebbur Ravikumar Lalitha Ravikumar Director 30 Sep 2016 Current
Venkataramanaswamysetty Director 30 Sep 2016 Current
Sudha Girish Director 13 Jun 1997 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 15 Jul 2018 Past
Pramod Abcsdd Additional Director 30 Nov 2021 Past
Pramod Abcsdd Director 15 Jul 2018 Past
Pramod Abcsdd Director 15 Jul 2018 Past
Pramod Abcsdd Director 15 Jul 2018 Past
Pramod Abcsdd Director 15 Dec 2017 Past

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Financial Performance of Mfc Chits.

Mfc Chits Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 23.61% increase. The company also saw a substantial improvement in profitability, with a 607.12% increase in profit. The company's net worth Soared by an impressive increase of 93.82%.

Mfc Chits revenue growth over time
Mfc 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
********
 23.61%
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*******
*******
Revenue from Operations
*******
 33.29%
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*******
*******
Total Assets
*******
 53.90%
*******
*******
*******
*******
Profit or Loss
*******
 607.12%
*******
*******
*******
*******
Net Worth
*******
 93.82%
*******
*******
*******
*******
EBITDA
*******
 144.79%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Mfc Chits?

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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

₹900,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • Lakshmi Vilas Bank Limited : 0.09 Cr
Latest Charge Details
Date Lender Amount Status
13 May 2019 Lakshmi Vilas Bank Limited ₹0.90 M Open

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How Many Employees Work at Mfc Chits?

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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

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Rating
Graph displaying rating trends over time

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Alerts
Alert Indicator

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Latest Updates, News, and FAQs on Mfc Chits
Recent Activity within the Organization
  • Annual General Meeting

    Progress on Mfc Chits Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was documented.

  • Balance Sheet

    Mfc Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore. was recorded as a recent event.

  • Director Appointment

    The activity Nagendra Kumar Sathyanarayanasetty was appointed as a Director was appointed as a Director on 20 Nov 2020 & has been associated with this company since 5 years 3 months . was completed.

  • Charges

    Progress on A charge with Lakshmi Vilas Bank Limited amounted to Rs. 0.90 M with Charge ID 100262811 was registered on 13 May 2019. was documented.

  • Director Appointment

    Hebbur Ravikumar Lalitha Ravikumar was appointed as a Director was appointed as a Director on 30 Sep 2016 & has been associated with this company since 9 years 5 months . was recorded as a recent event.

  • Director Appointment

    Progress on Venkataramanaswamysetty was appointed as a Director was appointed as a Director on 30 Sep 2016 & has been associated with this company since 9 years 5 months . was documented.

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Frequently Asked Questions
What is the CIN of Mfc Chits Private Limited?

The CIN of Mfc Chits Private Limited is U65992KA1997PTC022380.

Where is Mfc Chits Private Limited headquartered?

Mfc Chits Private Limited is headquartered at #180/2, 1St Floor, Cheluvamba Agrahara, Ramavilas Raod Cross,, Mysore, Karnataka, 570008.

When was Mfc Chits Private Limited incorporated?

Mfc Chits Private Limited was incorporated on 13 June 1997.

Who are the current directors of Mfc Chits Private Limited?

The current directors of Mfc Chits Private Limited are

What is the primary industry of Mfc Chits Private Limited?

The primary industry of Mfc Chits Private Limited is Financial And Insurance Service.

Is Mfc Chits Private Limited a listed company?

Mfc Chits Private Limited is unlisted.

What is the capital structure of Mfc Chits Private Limited?

The authorized capital of Mfc Chits Private Limited is ₹0.50 M, and the paid-up capital is ₹0.46 M.

What is the compliance status of Mfc Chits Private Limited?

The compliance status of Mfc Chits Private Limited is Compliant.

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