Muktha Chits Private Limited
About Muktha Chits Private Limited
Data last updated:
Muktha Chits Private Limited is a private limited company based in Dharwad, Karnataka, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 18 March 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2019PTC122458. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Dinesh Lokanath Sulakhe and Gopalkrishna Narasimha Pujar.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Shop No. G – 11 Sy No. 94/2/A1 Madhu Square Station Road Malamaddi, Dharwad, Karnataka, India – 580007.
As per the financials filed for FY 2020, the company reported a revenue of ₹5.17 Lakh. For the same year it recorded a net loss of ₹1.55 Lakh (net margin -30.1%) and EBITDA of -₹1.49 Lakh (EBITDA margin -28.9%).
Company details
Contact details
Muktha Chits Private Limited's registered office is in Dharwad, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressShop No. G – 11 Sy No. 94/2/A1 Madhu Square Station Road Malamaddi, Dharwad, Karnataka, India – 580007
- IndustryFinancial Services, Other Financial Intermediation, Kuri Companies, Chit Fund
To see the full contact details of Muktha 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 Muktha 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 Muktha Chits Private Limited, buy the company report.
Financials of Muktha Chits Private Limited
FY 2020 filings availableMuktha Chits Private Limited reported revenue of ₹5.17 Lakh for FY 2020.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹5.17 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹1.49 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹1.55 Lakh | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -28.9% | |
| Net Profit Margin | -30.1% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Muktha Chits Private Limited, buy the company report.
Board of directors of Muktha Chits Private Limited
Muktha Chits has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dinesh Lokanath Sulakhe | Director | 18 Mar 2019 | 7 Years 7 Months | Current |
| Gopalkrishna Narasimha Pujar | Director | 18 Mar 2019 | 7 Years 7 Months | Current |
Peer comparison
Muktha Chits Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Green Apple Investments Private Limited | ₹5.18 Lakh (FY 2021) | Kakkanad, Kerala, India | ||||
| Mynakam General Chits Kerala Private Limited | ₹5.18 Lakh (FY 2025) | 68.0% | Thrissur, Kerala, India | |||
| Alphakemy Advisors Private Limited | ₹5.18 Lakh (FY 2015) | 92.0% | Hyderabad, Telangana, India | |||
| Wellshine Investments & Financial Services Limited | ₹5.17 Lakh (FY 2018) | -31.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Chalakuzhi Nidhi Limited | ₹5.17 Lakh (FY 2025) | -54.0% | Kadapra Mannar, Kerala, India | |||
| Muktha Chits Private Limitedthis company | ₹5.17 Lakh (FY 2020) | -₹1.55 Lakh | -30.1% | Dharwad, Karnataka, India | ||
| Sri Chakra Grama Udhayam Nidhi Limited | ₹5.17 Lakh (FY 2021) | Salem, Tamil Nadu, India | ||||
| Fala Ul Aawam Mutual Benefit Nidhi Limited | ₹5.16 Lakh (FY 2024) | -1.0% | Bulandshahr, Uttar Pradesh, India | |||
| Unni Misiha Kuries Koovapadam Private Limited | ₹5.16 Lakh (FY 2024) | -40.0% | Kochi, Kerala, India | |||
| Arthamandir Nidhi Limited | ₹5.16 Lakh (FY 2020) | Thane, Maharashtra, India | ||||
| Delta Capital Advisors Private Limited | ₹5.16 Lakh (FY 2024) | 37.0% | Raipur, Chhattisgarh, India |
To see the full peer comparison of Muktha Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Muktha Chits 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 Muktha Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Muktha Chits has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Muktha Chits Private Limited, buy the company report.
Recent activity
Muktha Chits Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Mrunal Shenvi Desai ceased to be Director on 13 May 2020.
Frequently asked questions
Muktha Chits is an active private limited company based in Dharwad, Karnataka, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 18 March 2019 (7+ years old) and is registered under CIN U65992KA2019PTC122458.
Muktha Chits has 2 current directors:
- Dinesh Lokanath Sulakhe - Director
- Gopalkrishna Narasimha Pujar - Director
The latest financial statements of Muktha Chits on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from FY 2019 are in the company report.
No. Muktha Chits has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Muktha Chits is U65992KA2019PTC122458. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Muktha Chits was incorporated on 18 March 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Muktha Chits by revenue are Green Apple Investments Private Limited, Mynakam General Chits Kerala Private Limited, Alphakemy Advisors Private Limited, Wellshine Investments & Financial Services Limited, Chalakuzhi Nidhi Limited and 5 more, all in the same principal business activity (other financial activities).
Mrunal Shenvi Desai ceased to be Director on 13 May 2020. Dinesh Lokanath Sulakhe was appointed as Director on 18 Mar 2019. Gopalkrishna Narasimha Pujar was appointed as Director on 18 Mar 2019.
The registered office of Muktha Chits is at Shop No. G – 11 Sy No. 942A1 Madhu Square Station Road Malamaddi, Dharwad, Karnataka, India – 580007.
Muktha Chits operates in the financial services industry, in the other financial intermediation segment.
Muktha Chits can be reached at its registered office: Shop No. G – 11 Sy No. 942A1 Madhu Square Station Road Malamaddi, Dharwad, Karnataka, India – 580007.