MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0072071
Navashakthi Chits Private Limited - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹5.2 Cr
▲ 6% YoY
Net profit · FY 2024
₹8.27 Lakh
Net margin 1.6%
EBITDA · FY 2024
₹1.05 Cr
EBITDA margin 20.2%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹1.69 Cr
Secured borrowings
Company age
20 yrs
Est. 2006
Employees · EPFO
85
Provident fund records
About Navashakthi Chits Private Limited
Data last updated:
Navashakthi Chits Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 30 January 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2006PTC038337. Its GSTIN is 29AACCN3143N1Z6 (Karnataka).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1 Cr. It is led by directors Vadivel Narayana Murthy Saravanan (Managing Director) and Vadivelu Narayana Murthy.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at #553/7 7th Cross 3rd Mainayyappa Temple Road Prakashnagar, Bangalore, Karnataka, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.2 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹8.27 Lakh (net margin 1.6%) and EBITDA of ₹1.05 Cr (EBITDA margin 20.2%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 9% over five years.
The company is associated with 1 brand: NavaShakthi Chits. As per MCA filings, the company has open charges of ₹1.69 Cr on record. Court records list 771 cases involving the company, including 663 filed by the company and 108 filed against it; 67 cases are pending.
Navashakthi Chits Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0072071). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website navashakthichits.com.
Company details
CIN U65992KA2006PTC038337
Registration Number 038337
Incorporation Date 30 January 2006
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0072071
Recognitions & Rankings of Navashakthi Chits
Contact details
Navashakthi Chits Private Limited's registered office is in Bangalore, Karnataka. Its website is navashakthichits.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address#553/7 7th Cross 3rd Mainayyappa Temple Road Prakashnagar, Bangalore, Karnataka, India
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Navashakthi Chits Private Limited, buy the company report.
Comprehensive company report
Navashakthi Chits Private Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Brands
Navashakthi Chits operates one associated brand: NavaShakthi Chits. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers financial services including chit funds and a range of products. | navashakthichits.com |
Business activity
The main business activity of Navashakthi 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 Navashakthi Chits Private Limited, buy the company report.
Financials of Navashakthi Chits Private Limited
FY 2024 filings availableNavashakthi Chits Private Limited reported revenue of ₹5.2 Cr (up 6% YoY) for FY 2024.
Revenue · FY 2024
₹5.2 Cr ▲ 6%
Net profit · FY 2024
₹8.27 Lakh margin 1.6%
EBITDA · FY 2024
₹1.05 Cr margin 20.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 11%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▼ 9%
3 years · compounded
▲ 27%
5 years · compounded
▲ 22%
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 6% growth in the latest year. EBITDA fell 9% 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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| Total Expenses | |||||
| EBITDA | ₹1.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.27 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.2% | ||||
| Net Profit Margin | 1.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Navashakthi Chits Private Limited, buy the company report.
Board of directors of Navashakthi Chits Private Limited
Navashakthi Chits has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vadivel Narayana Murthy Saravanan Also directs: Sprintech India Private Limited, Navashakthi Enterprises Private Limited, Navashakthi Capital Markets Private Limited and 1 more | Managing Director | 16 May 2010 | 16 Years 5 Months | Current |
| Vadivelu Narayana Murthy Also directs: Shakthi Business Ventures India Limited | Director | 30 Jan 2006 | 20 Years 8 Months | Current |
Peer comparison
Navashakthi Chits Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Futurewealth Nidhi Limited | ₹5.47 Cr (FY 2025) | 0.0% | Thrissur, Kerala, India | |||
| Kfin Nidhi Limited | ₹5.45 Cr (FY 2025) | 29.0% | Thampanoor, Kerala, India | |||
| Kuldhara Investments Private Limited | ₹5.42 Cr (FY 2024) | 377.0% | Jaipur, Rajasthan, India | |||
| Self Growth Nidhi Limited | ₹5.29 Cr (FY 2025) | 4.0% | Mangalore, Karnataka, India | |||
| JCF Chit Funds Hyderabad Private Limited | ₹5.22 Cr (FY 2025) | 8.0% | Secunderabad, Telangana, India | |||
| Navashakthi Chits Private Limitedthis company | ₹5.2 Cr (FY 2024) | ₹8.27 Lakh | 1.6% | 6.0% | 85 | Bangalore, Karnataka, India |
| Perundurai Devi Chit Promoters Private Limited | ₹5.14 Cr (FY 2024) | 53.0% | Erode, Tamil Nadu, India | |||
| Datum Micro Credit | ₹5.1 Cr (FY 2025) | 4.0% | Bhubaneswar, Odisha, India |
To see the full peer comparison of Navashakthi Chits Private Limited, buy the company report.
Auditor
Navashakthi Chits Private Limited is audited by LADWA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LADWA & CO | FY 2021 | 001818S |
Shareholding
The shareholding of Navashakthi Chits Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Navashakthi Chits Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.69 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Nov 2020 | 100393092 | Others | ₹19 Lakh | Open | |
| 17 May 2011 | 10290449 | Others | ₹1.5 Cr | Open |
To see the full charge records of Navashakthi Chits Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Navashakthi Chits Private Limited has 771 court cases on record: 663 filed by Navashakthi Chits, 108 filed against it. 67 cases are pending and 704 are disposed.
Total cases
771
Filed by the company
663
Filed against the company
108
Pending
67
Disposed
704
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 767 | 106 | 66 |
| High courts | 4 | 2 | 1 |
Cases on record (5 of 771)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S A.R.Tech | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
To see the full case history of Navashakthi Chits Private 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 Navashakthi Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Navashakthi Chits Private Limited has a workforce of 85 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
85
Active EPFO establishments
1
Employee growth
77.08%
GST
Navashakthi Chits has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCN3143N1Z6 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Navashakthi Chits Private Limited, buy the company report.
Recent activity
Navashakthi Chits Private Limited has 5 board changes on record since 2006: 2 appointments and 3 cessations. The latest: Jaganathan Murthy Vijaya ceased to be Director on 06 May 2024.
AGM
Navashakthi Chits Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Jaganathan Murthy Vijaya ceased to be Director.
Filing
Navashakthi Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 0.19 Cr with Charge ID 100393092 was registered on 12 Nov 2020.
Charges
A charge with Others of Rs. 1.50 Cr registered on 17 May 2011 with Charge ID 10290449 was modified on 03 Nov 2020.
Ceased
Sundara Murthy Damayanthy ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 1.50 Cr with Charge ID 10290449 was registered on 17 May 2011.
Appointed
Vadivel Narayana Murthy Saravanan was appointed as Managing Director.
Ceased
Vadivel Narayana Murthy Saravanan ceased to be Managing Director.
Appointed
Vadivelu Narayana Murthy was appointed as Director.
Incorporation
30 Jan 2006
Navashakthi Chits Private Limited was registered on 30 Jan 2006 with Roc Bangalore & aged 20 years 8 months as per MCA records.
Frequently asked questions
Navashakthi Chits is an active private limited company based in Bangalore, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 30 January 2006 (20+ years old) and is registered under CIN U65992KA2006PTC038337.
Navashakthi Chits has 2 current directors:
- Vadivel Narayana Murthy Saravanan - Managing Director
- Vadivelu Narayana Murthy - Director
The latest financial statements of Navashakthi Chits on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Navashakthi Chits is 29AACCN3143N1Z6, registered in Karnataka.
The CIN (Corporate Identification Number) of Navashakthi Chits is U65992KA2006PTC038337. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Navashakthi Chits has 771 court cases on record: 663 filed by the company and 108 filed against it. 67 are pending. Most are in the district courts.
Navashakthi Chits was incorporated on 30 January 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Navashakthi Chits by revenue are Futurewealth Nidhi Limited, Kfin Nidhi Limited, Kuldhara Investments Private Limited, Self Growth Nidhi Limited, JCF Chit Funds Hyderabad Private Limited and 2 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Jaganathan Murthy Vijaya ceased to be Director on 06 May 2024. Sundara Murthy Damayanthy ceased to be Additional Director on 04 Jul 2020. Vadivel Narayana Murthy Saravanan was appointed as Managing Director on 16 May 2010. Navashakthi Chits has 5 board changes on record in total.
Yes, Navashakthi Chits is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0072071).
Navashakthi Chits can be reached through the website navashakthichits.com. Its registered office is in Bangalore, Karnataka, India.