Money Growth Chits Private Limited
About Money Growth Chits Private Limited
Data last updated:
Money Growth Chits Private Limited was a private limited company based in Hubli, 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 financial services and investment segment of the financial services sector. It was incorporated on 22 August 2012.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2012PTC065466.
The company had an authorised share capital of ₹4 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Varsha Deepak Nandagad and Deepak Balajirao Nandagad.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at G – 22 Eureka Tower Channamma Circle Trafic Island Hubli, Karnataka, India – 580029.
As per the financials filed for FY 2018, the company reported a revenue of ₹1.26 Lakh, a decline of 66% compared to the previous year. For the same year it recorded a net loss of ₹19,911 (net margin -15.8%) and EBITDA of -₹9,596 (EBITDA margin -7.6%). Revenue has declined at a compounded annual rate (CAGR) of 25% over three years.
Company details
Contact details
Money Growth Chits Private Limited's registered office is in Hubli, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressG – 22 Eureka Tower Channamma Circle Trafic Island Hubli, Karnataka, India – 580029
- IndustryFinancial Services, Financial Activities
To see the full contact details of Money Growth 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
Business activity
The main business activity of Money Growth Chits is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Money Growth Chits Private Limited, buy the company report.
Financials of Money Growth Chits Private Limited
FY 2018 filings availableMoney Growth Chits Private Limited reported revenue of ₹1.26 Lakh (down 66% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 25% over three years, including a 66% fall in the latest year. EBITDA fell 456% 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹9,596 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹19,911 | |||
| Balance Sheet | ||||
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| Reserves and Surplus | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -7.6% | |||
| Net Profit Margin | -15.8% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
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| Current Ratio | ||||
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| Net Profit Growth | ||||
To see the full financial statements and ratios of Money Growth Chits Private Limited, buy the company report.
Board of directors of Money Growth Chits Private Limited
Money Growth Chits has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varsha Deepak Nandagad | Director | 07 Oct 2014 | 12 Years 0 Months | As last reported |
| Deepak Balajirao Nandagad | Director | 22 Aug 2012 | 14 Years 2 Months | As last reported |
Peer comparison
Money Growth Chits Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Sunshield Finvest Private Limited | ₹1.26 Lakh (FY 2017) | Mumbai, Maharashtra, India | ||||
| Starlake Chits Limited | ₹1.26 Lakh (FY 2018) | -60.0% | Thrissur, Kerala, India | |||
| Shri Ramatheertha Chits Private Limited | ₹1.26 Lakh (FY 2022) | -34.0% | Jamkhandi, Karnataka, India | |||
| Swezo Nidhi Limited | ₹1.26 Lakh (FY 2018) | Rewari, Haryana, India | ||||
| Chit Shakthi Chits Private Limited | ₹1.26 Lakh (FY 2024) | -7.0% | Pollachi, Tamil Nadu, India | |||
| Money Growth Chits Private Limitedthis company | ₹1.26 Lakh (FY 2018) | -₹19,911 | -15.8% | -66.0% | Hubli, Karnataka, India | |
| Atrinandan Finance Nidhi Limited | ₹1.26 Lakh (FY 2023) | Aurangabad, Maharashtra, India | ||||
| Bhan Bhori Securities Private Limited | ₹1.26 Lakh (FY 2020) | Delhi, India | ||||
| Aanpurnna Nidhi Limited | ₹1.26 Lakh (FY 2023) | 2.0% | Sikar, Rajasthan, India | |||
| Shree Ashoka Finance Nidhi Limited | ₹1.25 Lakh (FY 2019) | -57.0% | Jaipur, Rajasthan, India | |||
| Gramsanjivani Urban Nidhi Limited | ₹1.25 Lakh (FY 2020) | Aurangabad, Maharashtra, India |
To see the full peer comparison of Money Growth Chits Private Limited, buy the company report.
Auditor
Money Growth Chits Private Limited is audited by VIJAY PANCHAPPA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIJAY PANCHAPPA & CO | FY 2017 | 004693S |
Shareholding
The shareholding of Money Growth Chits Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Money Growth Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Money Growth Chits Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Money Growth 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 Money Growth Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Money Growth Chits Private Limited has 4 board changes on record since 2012: 2 appointments and 2 cessations. The latest: Iranna Kalakappa Anehosur ceased to be Director on 07 Oct 2014.
Frequently asked questions
Money Growth 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.
Money Growth Chits was a private limited company based in Hubli, Karnataka, India. The company worked in financial activities, within the financial services industry. It was incorporated on 22 August 2012 and is registered under CIN U65992KA2012PTC065466. The company has been struck off by the Registrar of Companies and is no longer operational.
Money Growth Chits had 2 directors:
- Varsha Deepak Nandagad - Director
- Deepak Balajirao Nandagad - Director
The CIN (Corporate Identification Number) of Money Growth Chits is U65992KA2012PTC065466. 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 Money Growth Chits is at G – 22 Eureka Tower Channamma Circle Trafic Island Hubli, Karnataka, India – 580029.
Money Growth Chits was incorporated on 22 August 2012. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of Money Growth Chits on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
Money Growth Chits operated in the financial services industry, in the financial activities segment. It worked in this industry before it was struck off.
The peers of Money Growth Chits by revenue are Sunshield Finvest Private Limited, Starlake Chits Limited, Shri Ramatheertha Chits Private Limited, Swezo Nidhi Limited, Chit Shakthi Chits Private Limited and 5 more, all in the same principal business activity (other financial activities).
Iranna Kalakappa Anehosur ceased to be Director on 07 Oct 2014. Varsha Deepak Nandagad was appointed as Director on 07 Oct 2014. Sharanabasu Kalakappa Anehosur ceased to be Director on 01 Sep 2012. Money Growth Chits has 4 board changes on record in total.
The compliance status of Money Growth Chits is compliant as of 14 September 2026.
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