About Shanthala Chits Private Limited.
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Shanthala Chits Private Limited. is a private limited company based in Bangalore, Karnataka, India. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 07 April 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1995PTC017577. Its GSTIN is 29AACCS0863Q1ZQ (Karnataka).
The company has an authorised share capital of ₹45 Lakh and a paid-up capital of ₹44.52 Lakh. It is led by directors including Swarup Sridhar (Managing Director) and Sridevi.
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 No. 30 Old Madras Road Halasuru, Bangalore, Karnataka, India – 560008.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.8 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net profit of ₹13.91 Lakh (net margin 7.7%) and EBITDA of ₹28.09 Lakh (EBITDA margin 15.6%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 9% over five years.
The company is associated with 1 brand: Shanthala Chits. As per MCA filings, the company has open charges of ₹1.07 Cr and satisfied charges of ₹21.5 Lakh on record. Court records list 41 cases involving the company, including 38 filed by the company and 3 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shanthalachits.com.
Company details
CIN history
Shanthala Chits Private Limited has one previous CIN (Corporate Identification Number): U65992KA1995PTC017577. The current CIN is U85110KA1995PTC017577, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1995PTC017577 | Current |
| U65992KA1995PTC017577 | Previous |
Contact details
Shanthala Chits Private Limited.'s registered office is in Bangalore, Karnataka. Its website is shanthalachits.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 30 Old Madras Road Halasuru, Bangalore, Karnataka, India – 560008
- IndustryInternet, Online Financial Services
To see the full contact details of Shanthala 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
Brands
Shanthala Chits Private Limited operates one associated brand: Shanthala Chits. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Chit fund services offering savings and investment schemes in India. | shanthalachits.com |
Business activity
The main business activity of Shanthala Chits Private Limited 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 Shanthala Chits Private Limited., buy the company report.
Financials of Shanthala Chits Private Limited.
FY 2024 filings availableShanthala Chits Private Limited. reported revenue of ₹1.8 Cr (up 47% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 47% growth in the latest year. EBITDA rose 113% 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 | ₹28.09 Lakh | ||||
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| Net Profit (PAT) | ₹13.91 Lakh | ||||
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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 | 15.6% | ||||
| Net Profit Margin | 7.7% | ||||
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To see the full financial statements and ratios of Shanthala Chits Private Limited., buy the company report.
Board of directors of Shanthala Chits Private Limited.
Shanthala Chits Private Limited has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sridevi | Director | 04 Jan 1996 | 30 Years 9 Months | Current |
| Sridhar Alampalli | Director | 14 Dec 1995 | 30 Years 10 Months | Current |
| Swarup Sridhar | Managing Director | 09 Jan 2018 | 8 Years 9 Months | Current |
| Venkateshkumar Kasetty Sreenivasaiah | Director | 04 Jan 1996 | 30 Years 9 Months | Current |
Auditor
Shanthala Chits Private Limited. is audited by YVS VINOD & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| YVS VINOD & ASSOCIATES | FY 2023 | 12581S |
Shareholding
The shareholding of Shanthala Chits Private Limited. is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shanthala Chits Private Limited., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jun 2025 | 101129928 | Others | ₹75 Lakh | Open | |
| 20 Jan 2025 | 101037709 | Hdfc Bank Limited | ₹15.1 Lakh | Open | |
| 24 Dec 2024 | 101044806 | Others | ₹17 Lakh | Open | |
| 24 Dec 2018 | 100234494 | Others | ₹10 Lakh | Satisfied | |
| 20 Jul 2017 | 100116762 | Others | ₹7 Lakh | Satisfied |
To see the full charge records of Shanthala Chits Private Limited., buy the company report.
Total charge records: 6 View all charges
Legal cases
Shanthala Chits Private Limited. has 41 court cases on record: 38 filed by Shanthala Chits Private Limited, 3 filed against it. 1 case is pending and 40 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 41 | 3 | 1 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Green Readymade Steel India Pvt Ltd and 3 others | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against M/S Balaji Constructions, Rep. by Its Partners | Disposed |
To see the full case history of Shanthala 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 Shanthala Chits Private Limited.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shanthala Chits Private Limited has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCS0863Q1ZQ | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shanthala Chits Private Limited., buy the company report.
Recent activity
Shanthala Chits Private Limited. has 7 board changes on record since 1995: 4 appointments and 3 cessations. The latest: Sridhar Alampalli ceased to be Managing Director on 09 Jan 2018.
7 earlier events are in the company report.
Frequently asked questions
Shanthala Chits Private Limited is an active private limited company based in Bangalore, Karnataka, India. The company works in online financial services, within the internet industry. It was incorporated on 07 April 1995 (31+ years old) and is registered under CIN U85110KA1995PTC017577.
Shanthala Chits Private Limited has 4 current directors:
- Swarup Sridhar - Managing Director
- Sridevi - Director
- Sridhar Alampalli - Director
- Venkateshkumar Kasetty Sreenivasaiah - Director
The latest financial statements of Shanthala Chits Private Limited 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 Shanthala Chits Private Limited is 29AACCS0863Q1ZQ, registered in Karnataka.
The CIN (Corporate Identification Number) of Shanthala Chits Private Limited is U85110KA1995PTC017577. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shanthala Chits Private Limited has 41 court cases on record: 38 filed by the company and 3 filed against it. 1 is pending.
Shanthala Chits Private Limited was incorporated on 07 April 1995, making it 31+ years old. It is registered with the Registrar of Companies, Bangalore.
Sridhar Alampalli ceased to be Managing Director on 09 Jan 2018. Swarup Sridhar was appointed as Managing Director on 09 Jan 2018. Swarup Sridhar ceased to be Director on 01 Oct 2015. Shanthala Chits Private Limited has 7 board changes on record in total.
Shanthala Chits Private Limited can be reached through the website shanthalachits.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Shanthala Chits Private Limited is at No. 30 Old Madras Road Halasuru, Bangalore, Karnataka, India – 560008.