Mookambika Chits Limited
About Mookambika Chits Limited
Data last updated:
Mookambika Chits Limited is a public limited company based in Mysore, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 31 July 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1995PLC018408. Its GSTIN is 29AABCM5130F1ZQ (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹86.58 Lakh. It is led by directors including Noothan Prabhakar Shetty (Whole-Time Director) and Prabhakar Shetty (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.17 Apmc Shopping Complex Sheshadri Iyer Road, Mysore, Karnataka, India – 570021.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.14 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹1.61 Lakh (net margin 1.4%) and EBITDA of ₹5.18 Lakh (EBITDA margin 4.5%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 3% over five years.
As per MCA filings, the company has open charges of ₹25 Lakh and satisfied charges of ₹18 Lakh on record. Court records list 66 cases involving the company, including 60 filed by the company and 6 filed against it; 12 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Mookambika Chits has one previous CIN (Corporate Identification Number): U65992KA1995PLC018408. The current CIN is U85110KA1995PLC018408, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1995PLC018408 | Current |
| U65992KA1995PLC018408 | Previous |
Contact details
Mookambika Chits Limited's registered office is in Mysore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.17 Apmc Shopping Complex Sheshadri Iyer Road, Mysore, Karnataka, India – 570021
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Mookambika Chits 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 Mookambika 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 Mookambika Chits Limited, buy the company report.
Financials of Mookambika Chits Limited
FY 2024 filings availableMookambika Chits Limited reported revenue of ₹1.14 Cr (down 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA rose 95% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹5.18 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.61 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.5% | ||||
| Net Profit Margin | 1.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Mookambika Chits Limited, buy the company report.
Board of directors of Mookambika Chits Limited
Mookambika Chits has 6 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prasanna Kumar Hegde Also directs: Mci Chits Limited | Director | 09 Oct 2015 | 11 Years 0 Months | Current |
| Sachin Prabhakar Shetty Also directs: Mci Chits Limited, M C I (Mysore) Chits Private Limited | Director | 24 Aug 2015 | 11 Years 1 Months | Current |
| Sinchana Prabhakar Shetty Also directs: Mci Chits Limited, M C I (Mysore) Chits Private Limited | Director | 24 Aug 2015 | 11 Years 1 Months | Current |
| Noothan Prabhakar Shetty Also directs: Mci Chits Limited, M C I (Mysore) Chits Private Limited | Whole-Time Director | 24 Aug 2015 | 11 Years 1 Months | Current |
| Prabhakar Shetty Also directs: Mci Developers Private Limited, Mci Chits Limited, M C I (Mysore) Chits Private Limited and 1 more | Whole-Time Director | 01 Apr 2009 | 17 Years 6 Months | Current |
| Chandrashekar Hegde Billadi Also directs: Mci Chits Limited | Director | 24 Aug 2015 | 11 Years 1 Months | Current |
Peer comparison
Mookambika Chits Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Shenoy Nagar Saswatha Nidhi Ltd | ₹1.15 Cr (FY 2025) | 12.0% | Aminjikaeri Chennai, Tamil Nadu, India | |||
| PRD Mini Nidhi Limited | ₹1.15 Cr (FY 2019) | 59.0% | Pathanamthitta, Kerala, India | |||
| Gramotthan Micro Finance Company | ₹1.14 Cr (FY 2017) | 19.0% | Kushinagar, Uttar Pradesh, India | |||
| Mookambika Chits Limitedthis company | ₹1.14 Cr (FY 2025) | ₹1.61 Lakh | 1.4% | -4.0% | Mysore, Karnataka, India | |
| KML Nidhi Limited | ₹1.13 Cr (FY 2022) | -29.0% | Ernakulam, Kerala, India | |||
| Narakkal Kuries Private Limited | ₹1.12 Cr (FY 2025) | 8.0% | Narakkal, Kerala, India |
To see the full peer comparison of Mookambika Chits Limited, buy the company report.
Auditor
Mookambika Chits Limited is audited by G S Rao & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G S Rao & Co | FY 2022 | 018849 |
Shareholding
The shareholding of Mookambika Chits Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mookambika Chits Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Apr 2025 | 101122788 | Others | ₹25 Lakh | Open | |
| 27 Mar 2007 | 10051392 | The Lakshmi Vilas Bank Ltd | ₹18 Lakh | Satisfied |
To see the full charge records of Mookambika Chits Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Mookambika Chits Limited has 66 court cases on record: 60 filed by Mookambika Chits, 6 filed against it. 12 cases are pending and 54 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 64 | 4 | 10 |
| High courts | 2 | 2 | 2 |
Cases on record (5 of 66)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (CRL.RP) | Filed against the company by an individual | Pending |
| District court, MYSURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| High Court, KARNATAKA | Court case (CRL.RP) | Filed against the company by an individual | Pending |
| District court, MYSURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, MYSURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Mookambika Chits 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 Mookambika Chits Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mookambika Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCM5130F1ZQ | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mookambika Chits Limited, buy the company report.
Recent activity
Mookambika Chits Limited has 17 board changes on record since 2009: 6 appointments and 11 cessations. The latest: Prabhakar Shetty ceased to be Whole-Time Director on 31 Mar 2020.
11 earlier events are in the company report.
Frequently asked questions
Mookambika Chits is an active public limited company based in Mysore, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 31 July 1995 (31+ years old) and is registered under CIN U85110KA1995PLC018408.
Mookambika Chits has 6 current directors:
- Noothan Prabhakar Shetty - Whole-Time Director
- Prabhakar Shetty - Whole-Time Director
- Prasanna Kumar Hegde - Director
- Sachin Prabhakar Shetty - Director
- Sinchana Prabhakar Shetty - Director
- Chandrashekar Hegde Billadi - Director
The latest financial statements of Mookambika Chits on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Mookambika Chits is 29AABCM5130F1ZQ, registered in Karnataka.
The CIN (Corporate Identification Number) of Mookambika Chits is U85110KA1995PLC018408. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mookambika Chits has 66 court cases on record: 60 filed by the company and 6 filed against it. 12 are pending. Most are in the district courts.
Mookambika Chits was incorporated on 31 July 1995, making it 31+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Mookambika Chits by revenue are Shenoy Nagar Saswatha Nidhi Ltd, PRD Mini Nidhi Limited, Gramotthan Micro Finance Company, KML Nidhi Limited, Narakkal Kuries Private Limited, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Prabhakar Shetty ceased to be Whole-Time Director on 31 Mar 2020. Pushpalatha Hegde ceased to be Director on 29 Jun 2019. Noothan Prabhakar Shetty ceased to be Director on 01 Jun 2017. Mookambika Chits has 17 board changes on record in total.
The registered office of Mookambika Chits is at No.17 Apmc Shopping Complex Sheshadri Iyer Road, Mysore, Karnataka, India – 570021.
Mookambika Chits operates in the financial services industry, in the microfinance institutions segment.