Monarch Chits Private Limited
About Monarch Chits Private Limited
Data last updated:
Monarch Chits Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the microfinance institutions segment of the financial services sector. It was incorporated on 21 September 1988.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA1988PTC009457.
The company had an authorised share capital of ₹9 Lakh and a paid-up capital of ₹7.71 Lakh. It was led by directors including Usha Dindukurthi and Suma Jagadish Dindukurthi.
Its last annual general meeting (AGM) was held on 29 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Ground Floor Municipal No.154 43rd Cross 2nd Main 8th Block Jayanagar, Bangalore, Karnataka, India – 560070.
Court records list 8 cases involving the company, including 5 filed by the company and 3 filed against it.
Company details
Contact details
Monarch Chits Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressGround Floor Municipal No.154 43rd Cross 2nd Main 8th Block Jayanagar, Bangalore, Karnataka, India – 560070
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Monarch Chits Private Limited, buy the company report.
- 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
Financials of Monarch Chits Private Limited
FY 2021 filings availableMonarch Chits Private Limited reported revenue of ₹8,644 (down 98% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 76% over five years, including a 98% fall in the latest year. 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
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Financial Ratios
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To see the full financial statements and ratios of Monarch Chits Private Limited, buy the company report.
Board of directors of Monarch Chits Private Limited
Monarch Chits has 7 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Usha Dindukurthi | Director | 09 Nov 1997 | 29 Years 0 Months | As last reported |
| Suma Jagadish Dindukurthi | Director | 09 Nov 1997 | 29 Years 0 Months | As last reported |
| Kandala Venkataraja Gupta Prashanth Also directs: Sribalaji Hitechexim Projects Private Limited | Director | 01 Mar 2016 | 10 Years 8 Months | As last reported |
| Ramesh Kumar Garla Also directs: Concorde Techno Park LLP, Um Projects LLP | Director | 09 Nov 1997 | 29 Years 0 Months | As last reported |
| Sivaprasad Bayya Also directs: Concorde Techno Park LLP, Aspan Ventures LLP | Director | 09 Nov 1997 | 29 Years 0 Months | As last reported |
| Sureshbabu Talanki Sathyanarayana Setty | Director | 09 Nov 1997 | 29 Years 0 Months | As last reported |
Peer comparison
Monarch Chits Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Anupama Human Economic Development | ₹10,224 (FY 2025) | -68.0% | Satna, Madhya Pradesh, India | |||
| Monarch Chits Private Limitedthis company | ₹8,644 (FY 2021) | -98.0% | Bangalore, Karnataka, India | |||
| Inog Chits Private Limited | ₹8,598 (FY 2023) | -98.0% | Ernakulam, Kerala, India | |||
| Manappuram Chit Funds Company Private Limited | ₹6,438 (FY 2025) | Thrissur, Kerala, India |
To see the full peer comparison of Monarch Chits Private Limited, buy the company report.
Auditor
Monarch Chits Private Limited is audited by BALARAMA & COMPANY for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BALARAMA & COMPANY | FY 2019 | 008705S |
Shareholding
The shareholding of Monarch Chits Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Monarch Chits Private Limited, buy the company report.
Legal cases
Monarch Chits Private Limited has 8 court cases on record: 5 filed by Monarch Chits, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 3 | 0 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Kapil Chits (Karnataka) Pvt Ltd and 4 others | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against Additional Commissioner of | Disposed |
| High Court | Writ petition | Filed by the company against individuals | Disposed |
To see the full case history of Monarch Chits Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Monarch Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Monarch Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Monarch Chits Private Limited has 8 board changes on record since 1997: 7 appointments and 1 cessation. The latest: Kandala Venkataraja Gupta Prashanth was appointed as Director on 01 Mar 2016.
Frequently asked questions
Monarch Chits has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Monarch Chits was a private limited company based in Bangalore, Karnataka, India. The company worked in microfinance institutions, within the financial services industry. It was incorporated on 21 September 1988 and is registered under CIN U65992KA1988PTC009457. The company has been struck off by the Registrar of Companies and is no longer operational.
Monarch Chits had 7 directors:
- Usha Dindukurthi - Director
- Suma Jagadish Dindukurthi - Director
- Kandala Venkataraja Gupta Prashanth - Director
- Ramesh Kumar Garla - Director
- Sivaprasad Bayya - Director
- Sureshbabu Talanki Sathyanarayana Setty - Director
- Pabbi Chetty Sudhakar - Director
The CIN (Corporate Identification Number) of Monarch Chits is U65992KA1988PTC009457. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Monarch Chits is at Ground Floor Municipal No.154 43rd Cross 2nd Main 8th Block Jayanagar, Bangalore, Karnataka, India – 560070.
Monarch Chits was incorporated on 21 September 1988. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of Monarch Chits on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 29 November 2021. Year-wise statements from 2015 are in the company report.
Monarch Chits operated in the financial services industry, in the microfinance institutions segment. It worked in this industry before it was struck off.
The peers of Monarch Chits by revenue are Anupama Human Economic Development, Inog Chits Private Limited, Manappuram Chit Funds Company Private Limited, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Monarch Chits has 8 court cases on record: 5 filed by the company and 3 filed against it. Most are in the district courts.
Kandala Venkataraja Gupta Prashanth was appointed as Director on 01 Mar 2016. Kandala Garudachalamaiahsetty Venkatarajagupta ceased to be Director on 28 Feb 2016. Pabbi Chetty Sudhakar was appointed as Director on 09 Nov 1997. Monarch Chits has 8 board changes on record in total.
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