Mpower Chits India Private Limited
About Mpower Chits India Private Limited
Data last updated:
Mpower Chits India Private Limited is a private limited company based in Bangalore, Karnataka, India. The company is currently under process of striking off by the Registrar of Companies. The removal process has been initiated but is not yet final, and the company may be struck off soon. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 22 November 2013.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2013PTC072018.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Prasad Rangaswamy Ballalasamudra (Managing Director) and Ismail Husainsaheb Katagi.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 6/1 5th Block 20th Min 5th Block Rajajinagar Srirammandira, Bangalore, Karnataka, India – 560010.
Company details
Contact details
Mpower Chits India Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address6/1 5th Block 20th Min 5th Block Rajajinagar Srirammandira, Bangalore, Karnataka, India – 560010
- IndustryFinancial Services, Financial Activities
To see the full contact details of Mpower Chits India 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 Mpower Chits India Private Limited
FY 2017 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Mpower Chits India Private Limited, buy the company report.
Board of directors of Mpower Chits India Private Limited
Mpower Chits India has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ismail Husainsaheb Katagi | Director | 06 Mar 2014 | 12 Years 8 Months | Current |
| Srinidhi Nuggehalli Seetharam | Director | 22 Nov 2013 | 12 Years 11 Months | Current |
| Prasad Rangaswamy Ballalasamudra | Managing Director | 22 Nov 2013 | 12 Years 11 Months | Current |
| Marugondanadibba Anjinappa Vyshali Also directs: Nanospectum Watertech Private Limited, Abbey Hill Resorts Private Limited, Cocomelon Solutions Private Limited and 1 more | Director | 22 Nov 2013 | 12 Years 11 Months | Current |
Auditor
Mpower Chits India Private Limited is audited by GIREESHA VIJAYAN AND ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GIREESHA VIJAYAN AND ASSOCIATES | FY 2017 | 014117S |
Shareholding
The shareholding of Mpower Chits India 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 |
|---|---|---|---|
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| Domestic institutional investors (DII) | |||
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| Public | |||
| Others |
To see the full shareholding pattern of Mpower Chits India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mpower Chits India 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 Mpower Chits India 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 Mpower Chits India Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Mpower Chits India Private Limited has 5 board changes on record since 2013: 4 appointments and 1 cessation. The latest: Ismail Husainsaheb Katagi ceased to be Additional Director on 30 Sep 2014.
Frequently asked questions
Mpower Chits India is currently "Under Process of Striking Off" as per MCA records. The Registrar of Companies has initiated the process to remove the company from the register, typically due to non-filing of statutory returns. This process is not yet final, but the company may be struck off soon. Caution is advised before entering into any agreements with this entity.
Mpower Chits India is a company pending strike off, currently registered as a private limited company based in Bangalore, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 22 November 2013 and is registered under CIN U65992KA2013PTC072018. The company may be struck off soon - caution is advised.
The compliance status of Mpower Chits India is active non-compliant as of 29 July 2026.
Mpower Chits India has 4 current directors:
- Prasad Rangaswamy Ballalasamudra - Managing Director
- Ismail Husainsaheb Katagi - Director
- Srinidhi Nuggehalli Seetharam - Director
- Marugondanadibba Anjinappa Vyshali - Director
The CIN (Corporate Identification Number) of Mpower Chits India is U65992KA2013PTC072018. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mpower Chits India was incorporated on 22 November 2013. It is registered with the Registrar of Companies, Bangalore.
The registered office of Mpower Chits India is at 61 5th Block 20th Min 5th Block Rajajinagar Srirammandira, Bangalore, Karnataka, India – 560010.
The latest financial statements of Mpower Chits India on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
Mpower Chits India operates in the financial services industry, in the financial activities segment.
Ismail Husainsaheb Katagi ceased to be Additional Director on 30 Sep 2014. Ismail Husainsaheb Katagi was appointed as Director on 06 Mar 2014. Marugondanadibba Anjinappa Vyshali was appointed as Director on 22 Nov 2013. Mpower Chits India has 5 board changes on record in total.
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