Mudalagi Chits Private Limited
About Mudalagi Chits Private Limited
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Mudalagi Chits Private Limited is a private limited company based in Gokak, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 22 August 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA1996PTC021019.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4.4 Lakh. It is led by directors including Malingayya Irayya Hiremath and Rachayya Basayya Nirwani.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gandhi Chowk Mudalagi Taluk Gokak, Karnataka, India – 591307.
As per the financials filed for FY 2024, the company reported a revenue of ₹16.61 Lakh, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹20,165 (net margin 1.2%) and EBITDA of ₹34,405 (EBITDA margin 2.1%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years.
Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Mudalagi Chits Private Limited's registered office is in Gokak, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressGandhi Chowk Mudalagi Taluk Gokak, Karnataka, India – 591307
- IndustryFinancial Services, Financial Activities
To see the full contact details of Mudalagi 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
Business activity
The main business activity of Mudalagi Chits is financial and insurance activities. In detail, this covers financial service activities, except insurance and pension funding.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 64 | Financial service activities, except insurance and pension funding |
To see the full business activity and turnover split of Mudalagi Chits Private Limited, buy the company report.
Financials of Mudalagi Chits Private Limited
FY 2025 filings availableMudalagi Chits Private Limited reported revenue of ₹16.61 Lakh (down 9% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over three years, including a 9% fall in the latest year. EBITDA fell 4% 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 | ₹34,405 | ||||
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| Net Profit (PAT) | ₹20,165 | ||||
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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 | 2.1% | ||||
| Net Profit Margin | 1.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Mudalagi Chits Private Limited, buy the company report.
Board of directors of Mudalagi Chits Private Limited
Mudalagi Chits has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Malingayya Irayya Hiremath | Director | 22 Aug 1996 | 30 Years 2 Months | Current |
| Rachayya Basayya Nirwani | Director | 22 Aug 1996 | 30 Years 2 Months | Current |
| Annapurna Kallayya Gudi | Director | 22 Mar 2015 | 11 Years 7 Months | Current |
| Draxayini Prashant Hiremath | Director | 22 Mar 2015 | 11 Years 7 Months | Current |
Peer comparison
Mudalagi Chits Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (financial service activities, except insurance and pension funding), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rapid Transpay Private Limited | ₹16.68 Lakh (FY 2024) | 68.0% | New Delhi, Delhi, India | |||
| Vighanharta Consultancy Private Limited | ₹16.67 Lakh (FY 2025) | 26.0% | Delhi, India | |||
| Excellent Investment Services Private Limited | ₹16.66 Lakh (FY 2024) | -4.0% | New Delhi, Delhi, India | |||
| Pragash Universal Private Limited | ₹16.66 Lakh (FY 2025) | 39.0% | Navi-Mumbai, Maharashtra, India | |||
| Global Solutions (India) Private Limited | ₹16.64 Lakh (FY 2025) | 181.0% | Bangalore, Karnataka, India | |||
| Mudalagi Chits Private Limitedthis company | ₹16.61 Lakh (FY 2024) | ₹20,165 | 1.2% | -9.0% | Gokak, Karnataka, India | |
| Jaika Finance Private Limited | ₹16.6 Lakh (FY 2025) | -93.0% | Nagpur, Maharashtra, India | |||
| Manoj Fintrade Private Limited | ₹16.59 Lakh (FY 2025) | 10.0% | Bangalore, Karnataka, India | |||
| HC Consulting Private Limited | ₹16.56 Lakh (FY 2025) | 155.0% | Bangalore, Karnataka, India | |||
| Finops Venture Private Limited | ₹16.56 Lakh (FY 2023) | 174.0% | Kannur, Kerala, India | |||
| Karyotsarg Consultancy Services Private Limited | ₹16.53 Lakh (FY 2025) | -47.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Mudalagi Chits Private Limited, buy the company report.
Auditor
Mudalagi Chits Private Limited is audited by S G SURESH AND COMPANY for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S G SURESH AND COMPANY | FY 2017 | 004281S |
Shareholding
The shareholding of Mudalagi Chits Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Mudalagi Chits Private Limited, buy the company report.
Legal cases
Mudalagi Chits Private Limited has 4 court cases on record: 3 filed by Mudalagi Chits, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by Ravivarm Chits Pvt Ltd | Disposed |
| District court, BELAGAVI, Karnataka | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| District court, BELAGAVI, Karnataka | Civil suit | Filed by the company against an individual | Disposed |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Mudalagi 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 Mudalagi Chits 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 Mudalagi Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Mudalagi Chits Private Limited has 4 board changes on record since 1996: 4 appointments. The latest: Annapurna Kallayya Gudi was appointed as Director on 22 Mar 2015.
Frequently asked questions
Mudalagi Chits is an active private limited company based in Gokak, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 22 August 1996 (30+ years old) and is registered under CIN U65992KA1996PTC021019.
Mudalagi Chits has 4 current directors:
- Malingayya Irayya Hiremath - Director
- Rachayya Basayya Nirwani - Director
- Annapurna Kallayya Gudi - Director
- Draxayini Prashant Hiremath - Director
The latest financial statements of Mudalagi Chits on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Mudalagi Chits is U65992KA1996PTC021019. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mudalagi Chits has 4 court cases on record: 3 filed by the company and 1 filed against it. Most are in the district courts.
Mudalagi Chits was incorporated on 22 August 1996, making it 30+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Mudalagi Chits by revenue are Rapid Transpay Private Limited, Vighanharta Consultancy Private Limited, Excellent Investment Services Private Limited, Pragash Universal Private Limited, Global Solutions (India) Private Limited and 5 more, all in the same principal business activity (financial service activities, except insurance and pension funding).
Annapurna Kallayya Gudi was appointed as Director on 22 Mar 2015. Draxayini Prashant Hiremath was appointed as Director on 22 Mar 2015. Malingayya Irayya Hiremath was appointed as Director on 22 Aug 1996. Mudalagi Chits has 4 board changes on record in total.
The registered office of Mudalagi Chits is at Gandhi Chowk Mudalagi Taluk Gokak, Karnataka, India – 591307.
Mudalagi Chits operates in the financial services industry, in the financial activities segment.
The compliance status of Mudalagi Chits is compliant as of 16 August 2026. The company is actively filing with the Registrar of Companies.
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