MH Chits Private Limited
About MH Chits Private Limited
Data last updated:
MH Chits Private Limited is a private limited company based in Gurgaon, Haryana, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 05 May 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U65929HR2017PTC068945.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sushila and Vinod Kumar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at House No. 2380 Sector – 46 Gurgaon, Haryana, India – 122001.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.5 Lakh. For the same year it recorded a net loss of ₹50,961 (net margin -20.4%) and EBITDA of ₹2.45 Lakh (EBITDA margin 98%). Revenue has declined at a compounded annual rate (CAGR) of 29% over three years and 24% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressHouse No. 2380 Sector – 46 Gurgaon, Haryana, India – 122001
- IndustryFinancial Services, Microfinance Institutions
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of MH Chits Private Limited
The main business activity of MH Chits is financial and insurance service. In detail, this covers 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
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.
Financials of MH Chits Private Limited FY 2024 filings available
MH Chits Private Limited reported revenue of ₹2.5 Lakh for FY 2024.
Compounded Annual Growth Rate (CAGR) of MH Chits Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 24% over five years. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of MH Chits Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.45 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹50,961 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of MH Chits Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 98% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -20.4% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of MH Chits are in the company report.
Financial statements from FY 2018
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.
Peer Comparison of MH Chits Private Limited
MH Chits Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Micro Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hosmani Daneshwari Chits Private Limited | ₹2.59 Lakh (FY 2025) | •••• | •••• | 30.0% | •••• | Khanapur, Karnataka, India |
| Hope Nidhi Limited | ₹2.58 Lakh (FY 2022) | •••• | •••• | -16.0% | •••• | Tirur, Kerala, India |
| Jana Vikas Micro Finance | ₹2.56 Lakh (FY 2015) | •••• | •••• | -36.0% | •••• | Guwahati, Assam, India |
| Think Big Chit Funds Private Limited | ₹2.5 Lakh (FY 2024) | •••• | •••• | -74.0% | •••• | Hyderabad, Telangana, India |
| Navodhaya Kuries Private Limited | ₹2.5 Lakh (FY 2025) | •••• | •••• | -88.0% | •••• | Thrissur, Kerala, India |
| MH Chits Private Limited this company | ₹2.5 Lakh (FY 2024) | •••• | •••• | •••• | Gurgaon, Haryana, India | |
| Aman Microfin | ₹2.5 Lakh (FY 2024) | •••• | •••• | 77.0% | •••• | Ranchi, Jharkhand, India |
| Emperumal Popular Chits Private Limited | ₹2.47 Lakh (FY 2024) | •••• | •••• | 62.0% | •••• | Udumalaipettai, Tamil Nadu, India |
| Shrisiddhivinayak Micro Finance Foundation | ₹2.46 Lakh (FY 2020) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| Shri Parswa Finvest Limited | ₹2.45 Lakh (FY 2024) | •••• | •••• | •••• | Agra, Uttar Pradesh, India | |
| Sri Neelakanda Vinayaga Chit Funds Private Limited | ₹2.43 Lakh (FY 2024) | •••• | •••• | -5.0% | •••• | Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below MH Chits by revenue in the BFSI industry (Micro Finance), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of MH Chits Private Limited
MH Chits Private Limited is audited by A J P A G & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A J P A G & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
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 MH Chits Private Limited
MH Chits has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sushila Also directs: Eeco Instapower Private Limited | Director | 28 Aug 2021 | 5 Years 1 Months | Current |
| Vinod Kumar Also directs: HSD Batteries (India) Private Limited | Director | 05 May 2017 | 9 Years 5 Months | Current |
Ownership and Shareholding of MH Chits Private Limited
Shareholding and ownership data
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 MH Chits Private Limited
MH Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at MH Chits Private Limited
Employment history and EPFO contributions of people linked to MH Chits.
Employee and EPFO history
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.
Recent Activity on MH Chits Private Limited
MH Chits Private Limited has 3 board changes on record since 2017: 2 appointments and 1 cessation. The latest: Pardeep Kumar Chauhan ceased to be Director on 28 Aug 2021.
Credit Ratings, Litigation & Regulatory Alerts for MH Chits Private Limited
Credit ratings, litigation, and regulatory alerts
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 MH Chits Private Limited
MSME payment history
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 MH Chits Private Limited
Corporate group structure
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.
GST Compliance of MH Chits Private Limited
GST registrations and filing compliance
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.
MCA Filings & Documents of MH Chits Private Limited
MCA filings and documents
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.
Frequently Asked Questions about MH Chits Private Limited
MH Chits is an active private limited company based in Gurgaon, Haryana, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 05 May 2017 (9+ years old) and is registered under CIN U65929HR2017PTC068945.
MH Chits reported revenue of ₹2.5 Lakh for FY 2024.
MH Chits has 2 current directors:
- Sushila - Director
- Vinod Kumar - Director
MH Chits reported a net loss of ₹50,961 (net margin -20.4%) and EBITDA of ₹2.45 Lakh (EBITDA margin 98%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of MH Chits is -29% over three years and -24% over five years. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of MH Chits is U65929HR2017PTC068945. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MH Chits was incorporated on 05 May 2017, making it 9+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of MH Chits by revenue are Hosmani Daneshwari Chits Private Limited, Hope Nidhi Limited, Jana Vikas Micro Finance, Think Big Chit Funds Private Limited, Navodhaya Kuries Private Limited and 5 more, all in the BFSI industry (Micro Finance).
Pardeep Kumar Chauhan ceased to be Director on 28 Aug 2021. Sushila was appointed as Director on 28 Aug 2021. Vinod Kumar was appointed as Director on 05 May 2017.
The registered office of MH Chits is at House No. 2380 Sector – 46 Gurgaon, Haryana, India – 122001.
MH Chits has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.