Monica Chits Private Limited
About Monica Chits Private Limited
Data last updated:
Monica Chits Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 02 November 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U34201KA1989PTC010487. Its GSTIN is 29AABCM4217F1ZO (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.4 Lakh. It is led by directors Masthi Srinivas Sujatha (Managing Director) and Masthi Subramanya Setty Srinivasa.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bengaluru, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.93 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹1.02 Cr (net margin 34.9%) and EBITDA of ₹1.44 Cr (EBITDA margin 49.1%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 8% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Monica Chits Private Limited's registered office is in Bengaluru, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSouthern Portion Of III Floor No. 98/1 Sujatha Arcade Gandhi Bazaar Main Road, Basavanag, Bengaluru, Karnataka, India – 560004
- IndustryFinancial Services, Financial Activities
To see the full contact details of Monica 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 Monica 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 Monica Chits Private Limited, buy the company report.
Financials of Monica Chits Private Limited
FY 2025 filings availableMonica Chits Private Limited reported revenue of ₹2.93 Cr (up 23% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 23% growth in the latest year. EBITDA rose 39% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹1.44 Cr | ||||
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| Net Profit (PAT) | ₹1.02 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 49.1% | ||||
| Net Profit Margin | 34.9% | ||||
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To see the full financial statements and ratios of Monica Chits Private Limited, buy the company report.
Board of directors of Monica Chits Private Limited
Monica Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Masthi Srinivas Sujatha Also directs: Ramcharan Chits Private Limited | Managing Director | 02 Nov 1989 | 36 Years 11 Months | Current |
| Masthi Subramanya Setty Srinivasa Also directs: Ramcharan Chits Private Limited | Director | 02 Nov 1989 | 36 Years 11 Months | Current |
Peer comparison
Monica Chits Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Sree Amrutha Ambika Chits Private Limited | ₹3.02 Cr (FY 2025) | 6.0% | Chennai, Tamil Nadu, India | |||
| Sai Likhith Chit Funds Private Limited | ₹3.01 Cr (FY 2025) | 68.0% | Hyderabad, Telangana, India | |||
| Chachyot Nidhi Limited | ₹2.95 Cr (FY 2025) | 196.0% | Mandi, Himachal Pradesh, India | |||
| Srivatshava Chits Private Limited | ₹2.93 Cr (FY 2025) | 13.0% | Hyderabad, Telangana, India | |||
| Monica Chits Private Limitedthis company | ₹2.93 Cr (FY 2024) | ₹1.02 Cr | 34.9% | 23.0% | Bengaluru, Karnataka, India | |
| Ramesh Chit Funds Private Limited | ₹2.91 Cr (FY 2025) | 4.0% | Pollachi, Tamil Nadu, India | |||
| Yugta Federation | ₹2.89 Cr (FY 2024) | 180.0% | Navi Mumbai, Maharashtra, India | |||
| Neelchakra Chit Funds Private Limited | ₹2.85 Cr (FY 2022) | 42.0% | Secunderabad, Telangana, India | |||
| Vetha Varna Chits Private Limited | ₹2.84 Cr (FY 2024) | 27.0% | Coimbatore, Tamil Nadu, India | |||
| JMBF Kumbakonam Nidhi Limited | ₹2.83 Cr (FY 2025) | 35.0% | Kumbakonam, Tamil Nadu, India |
To see the full peer comparison of Monica Chits Private Limited, buy the company report.
Auditor
Monica Chits Private Limited is audited by GOPLAKRISHNAMURTHYDINDUKURTHI for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOPLAKRISHNAMURTHYDINDUKURTHI | FY 2017 | 020951 |
Shareholding
The shareholding of Monica Chits Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Monica Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Monica 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 Monica Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Monica Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCM4217F1ZO | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Monica Chits Private Limited, buy the company report.
Recent activity
Monica Chits Private Limited has 2 board changes on record since 1989: 2 appointments. The latest: Masthi Srinivas Sujatha was appointed as Managing Director on 02 Nov 1989.
Frequently asked questions
Monica Chits is an active private limited company based in Bengaluru, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 02 November 1989 (37+ years old) and is registered under CIN U34201KA1989PTC010487.
Monica Chits has 2 current directors:
- Masthi Srinivas Sujatha - Managing Director
- Masthi Subramanya Setty Srinivasa - Director
The latest financial statements of Monica Chits on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Monica Chits is 29AABCM4217F1ZO, registered in Karnataka.
The CIN (Corporate Identification Number) of Monica Chits is U34201KA1989PTC010487. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Monica Chits was incorporated on 02 November 1989, making it 37+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Monica Chits by revenue are Sree Amrutha Ambika Chits Private Limited, Sai Likhith Chit Funds Private Limited, Chachyot Nidhi Limited, Srivatshava Chits Private Limited, Ramesh Chit Funds Private Limited and 4 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Masthi Srinivas Sujatha was appointed as Managing Director on 02 Nov 1989. Masthi Subramanya Setty Srinivasa was appointed as Director on 02 Nov 1989.
The registered office of Monica Chits is at Southern Portion Of III Floor No. 981 Sujatha Arcade Gandhi Bazaar Main Road, Basavanag, Bengaluru, Karnataka, India – 560004.
Monica Chits operates in the financial services industry, in the financial activities segment.
The compliance status of Monica Chits is compliant as of 30 August 2026. The company is actively filing with the Registrar of Companies.