Mpower Chits India Private Limited - Company Profile

It is a financial services private limited company based in Bangalore, Karnataka, India, established in 2013.
2013 Bangalore, Karnataka, India Under Process Of Striking Off
Last Updated:
Access Report
About Mpower Chits India Private Limited

Mpower Chits India Private Limited, a under process of striking off private limited company, was established on 22 November 2013 in Bangalore, Karnataka, India. Engaging in financial activities within the financial and insurance service sector, it holds CIN: U65992KA2013PTC072018. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹0.50 M and a paid-up capital of ₹0.10 M.

It upholds a active non-compliant status. Its leadership includes Ismail Husainsaheb Katagi (Director), Srinidhi Nuggehalli Seetharam (Director), Prasad Rangaswamy Ballalasamudra (Managing Director). Past directors included Ismail Husainsaheb Katagi. Its latest AGM occurred on 30 September 2017, with the balance sheet filed on 31 March 2017. It is based at 6/1, 5Th Block, 20Th Min, 5Th Block, Rajajinagar, Srirammandira, Bangalore, Karnataka, 560010.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U65992KA2013PTC072018

  • Registration Number

    072018

  • Incorporation Date

    22 November 2013

  • Authorized Capital

    ₹0.50 M

  • Paid-Up Capital

    ₹0.10 M

  • ROC Code

    Roc Bangalore

  • Listing Status

    Unlisted

  • Company Status

    Under Process Of Striking Off

Key Metrics
  • Authorised Capital ₹ 0.50 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 12 Year, 3 Months
  • Last Filing with ROC 31 Mar 2017
  • Revenue Growth **** %
  • Profit Growth **** -791.49%
  • Ebitda **** -3900.87%
  • Net Worth -70.38%
  • Total Assets -15.36%
Company report

Mpower Chits India Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Mpower Chits India Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

Access Report
Who are the key members and board of directors at Mpower Chits India Private Limited?
Current Directors
Name Designation Appointment Date Status
Ismail Husainsaheb Katagi Director 06 Mar 2014 Current
Srinidhi Nuggehalli Seetharam Director 22 Nov 2013 Current
Prasad Rangaswamy Ballalasamudra Managing Director 22 Nov 2013 Current
Marugondanadibba Anjinappa Vyshali Director 22 Nov 2013 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Additional Director 30 Sep 2014 Past

Discover detailed profiles of directors and KMP - Unlock leadership insights today!

Financial Performance of Mpower Chits India.

Mpower Chits India Private Limited, for the financial year ended 2017, experienced no change in revenue, with a 0% increase. The company also saw a substantial fall in profitability, with a 791.49% decrease in profit. The company's net worth observed a substantial decline by a decrease of 70.38%.

Mpower Chits India revenue growth over time
Mpower Chits India profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
*******
*******
*******
*******
*******
Revenue from Operations
*******
*******
*******
*******
*******
*******
Total Assets
*******
 -15.36%
*******
*******
*******
*******
Profit or Loss
*******
 -791.49%
*******
*******
*******
*******
Net Worth
*******
 -70.38%
*******
*******
*******
*******
EBITDA
*******
 -3900.87%
*******
*******
*******
*******

Discover detailed financial data and - Unlock financial today!

What is the Ownership and Shareholding Structure of Mpower Chits India?

In 2017, Mpower Chits India had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

Reveal ownership structures and financial performance - Get instant access now!

How Many Employees Work at Mpower Chits India?

Unlock and access historical data on people associated with Mpower Chits India, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mpower Chits India, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Mpower Chits India's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Explore deal ratings and alerts - Get instant access now!

Latest Updates, News, and FAQs on Mpower Chits India
Recent Activity within the Organization
  • Annual General Meeting

    Progress on Mpower Chits India Private Limited last Annual general meeting of members was held on 30 Sep 2017 as per latest MCA records. was documented.

  • Balance Sheet

    The activity Mpower Chits India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Bangalore. was completed.

  • Director Appointment

    Progress on Ismail Husainsaheb Katagi was appointed as a Director was appointed as a Director on 06 Mar 2014 & has been associated with this company since 11 years 11 months . was documented.

  • Director Appointment

    Progress on Srinidhi Nuggehalli Seetharam was appointed as a Director was appointed as a Director on 22 Nov 2013 & has been associated with this company since 12 years 3 months . was documented.

  • Director Appointment

    The activity Prasad Rangaswamy Ballalasamudra was appointed as a Managing Director was appointed as a Managing Director on 22 Nov 2013 & has been associated with this company since 12 years 3 months . was completed.

  • Director Appointment

    Marugondanadibba Anjinappa Vyshali was appointed as a Director was appointed as a Director on 22 Nov 2013 & has been associated with this company since 12 years 3 months . was recorded as a recent event.

Explore recent activity and updates - View Recent Activity

Frequently Asked Questions
What is the CIN of Mpower Chits India Private Limited?

The CIN of Mpower Chits India Private Limited is U65992KA2013PTC072018.

Where is Mpower Chits India Private Limited headquartered?

Mpower Chits India Private Limited is headquartered at 6/1, 5Th Block, 20Th Min, 5Th Block, Rajajinagar, Srirammandira, Bangalore, Karnataka, 560010.

When was Mpower Chits India Private Limited incorporated?

Mpower Chits India Private Limited was incorporated on 22 November 2013.

Who are the current directors of Mpower Chits India Private Limited?

The current directors of Mpower Chits India Private Limited are

What is the primary industry of Mpower Chits India Private Limited?

The primary industry of Mpower Chits India Private Limited is Financial And Insurance Service.

Is Mpower Chits India Private Limited a listed company?

Mpower Chits India Private Limited is unlisted.

What is the capital structure of Mpower Chits India Private Limited?

The authorized capital of Mpower Chits India Private Limited is ₹0.50 M, and the paid-up capital is ₹0.10 M.

What is the compliance status of Mpower Chits India Private Limited?

The compliance status of Mpower Chits India Private Limited is Active Non-Compliant.

Explore millions of companies — effortlessly

Access structured, verified intelligence on 7M+ companies across industries, sectors, and global markets. From early-stage startups to large enterprises, discover ownership, leadership, funding, financials, acquisitions, and market signals — all in one powerful platform.

Free account with essential features Instant access to company reports Enterprise solutions available