Mysar Chit Funds Private Limited
About Mysar Chit Funds Private Limited
Data last updated:
Mysar Chit Funds Private Limited is a private limited company based in Mysore, Karnataka, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 18 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65999KA2017PTC108740.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Yachenahalli Shankaregowda Ningaiah (Managing Director) and Suhas Prabhu Mahadevaiah Sowbhagya.
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 No 665 M – Block Nrupatunga Road, Mysore, Karnataka, India – 570023.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.38 Lakh, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹18,843 (net margin 4.3%) and EBITDA of ₹25,463 (EBITDA margin 5.8%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 5% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNo 665 M – Block Nrupatunga Road, Mysore, Karnataka, India – 570023
- IndustryFinancial Services, Other Financial Intermediation
- 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
- One PDF report, delivered after checkout
Business Activity of Mysar Chit Funds Private Limited
The main business activity of Mysar Chit Funds is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Mysar Chit Funds Private Limited FY 2025 filings available
Mysar Chit Funds Private Limited reported revenue of ₹4.38 Lakh (down 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mysar Chit Funds Private Limited
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. 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 of Mysar Chit Funds Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹25,463 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹18,843 | •••• | •••• | •••• | •••• |
| 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 of Mysar Chit Funds Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Mysar Chit Funds are in the company report.
Financial statements from FY 2018
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Mysar Chit Funds Private Limited
Mysar Chit Funds Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Chit Funds). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vetrivignesh Chit Funds Private Limited | ₹4.5 Lakh (FY 2022) | •••• | •••• | -30.0% | •••• | Chennai, Tamil Nadu, India |
| Sankarapuram Chakara Srri Chit Funds Private Limited | ₹4.49 Lakh (FY 2019) | •••• | •••• | •••• | Villupuram, Tamil Nadu, India | |
| Pavan Chit Funds Pvt Ltd | ₹4.46 Lakh (FY 2019) | •••• | •••• | -70.0% | •••• | Telangana, India |
| Appachei Chit Funds Private Limited | ₹4.44 Lakh (FY 2025) | •••• | •••• | 3.0% | •••• | Karaikudi-Sakkottaiblock, Tamil Nadu, India |
| Pavan Mitra Chit Funds Private Limited | ₹4.41 Lakh (FY 2025) | •••• | •••• | -76.0% | •••• | Mahabubnagar H.O, Telangana, India |
| Mysar Chit Funds Private Limited this company | ₹4.38 Lakh (FY 2025) | •••• | •••• | -14.0% | •••• | Mysore, Karnataka, India |
| Chennai Vinayaga Chit Funds Private Limited | ₹4.35 Lakh (FY 2025) | •••• | •••• | 45.0% | •••• | Chennai, Tamil Nadu, India |
| Sri Mangalam Chit Funds (Nellai) Private Limited | ₹4.31 Lakh (FY 2024) | •••• | •••• | 9.0% | •••• | Tirunelveli, Tamil Nadu, India |
| Jeevamanna Chit Funds Private Limited | ₹4.23 Lakh (FY 2019) | •••• | •••• | -61.0% | •••• | Vasai, Maharashtra, India |
| Sree Vanamalika Chit Funds Private Limited | ₹4.16 Lakh (FY 2025) | •••• | •••• | -25.0% | •••• | Coimbatore, Tamil Nadu, India |
| Thirurayappan Chit Funds Private Limited | ₹4.15 Lakh (FY 2021) | •••• | •••• | 1284.0% | •••• | Tirupur, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Mysar Chit Funds by revenue in the BFSI industry (Chit Funds), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Mysar Chit Funds Private Limited
Mysar Chit Funds has 5 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yachenahalli Shankaregowda Ningaiah | Managing Director | 18 Dec 2017 | 8 Years 9 Months | Current |
| Suhas Prabhu Mahadevaiah Sowbhagya | Director | 18 Dec 2017 | 8 Years 9 Months | Current |
| Deve Gowda Purushothama | Director | 18 Dec 2017 | 8 Years 9 Months | Current |
| Mysore Nanjunda Shetty Mahendra | Director | 18 Dec 2017 | 8 Years 9 Months | Current |
| Uttarkar Puttaswamy Ravindra | Director | 18 Dec 2017 | 8 Years 9 Months | Current |
Ownership and Shareholding of Mysar Chit Funds Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Mysar Chit Funds Private Limited
Mysar Chit Funds Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Mysar Chit Funds Private Limited
Employment history and EPFO contributions of people linked to Mysar Chit Funds.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Mysar Chit Funds Private Limited
Mysar Chit Funds Private Limited has 5 board changes on record since 2017: 5 appointments. The latest: Deve Gowda Purushothama was appointed as Director on 18 Dec 2017.
Credit Ratings, Litigation & Regulatory Alerts for Mysar Chit Funds Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Mysar Chit Funds Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Mysar Chit Funds Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Mysar Chit Funds Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Mysar Chit Funds Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Mysar Chit Funds Private Limited
Mysar Chit Funds is an active private limited company based in Mysore, Karnataka, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 18 December 2017 (9+ years old) and is registered under CIN U65999KA2017PTC108740.
Mysar Chit Funds reported revenue of ₹4.38 Lakh for FY 2025 (down 14% YoY).
Mysar Chit Funds has 5 current directors:
- Yachenahalli Shankaregowda Ningaiah - Managing Director
- Suhas Prabhu Mahadevaiah Sowbhagya - Director
- Deve Gowda Purushothama - Director
- Mysore Nanjunda Shetty Mahendra - Director
- Uttarkar Puttaswamy Ravindra - Director
Mysar Chit Funds reported a net profit of ₹18,843 (net margin 4.3%) and EBITDA of ₹25,463 (EBITDA margin 5.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mysar Chit Funds is 28% over three years and 5% over five years. In the latest year (FY 2025) revenue fell 14%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Mysar Chit Funds is U65999KA2017PTC108740. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mysar Chit Funds was incorporated on 18 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Mysar Chit Funds by revenue are Vetrivignesh Chit Funds Private Limited, Sankarapuram Chakara Srri Chit Funds Private Limited, Pavan Chit Funds Pvt Ltd, Appachei Chit Funds Private Limited, Pavan Mitra Chit Funds Private Limited and 5 more, all in the BFSI industry (Chit Funds).
Deve Gowda Purushothama was appointed as Director on 18 Dec 2017. Mysore Nanjunda Shetty Mahendra was appointed as Director on 18 Dec 2017. Suhas Prabhu Mahadevaiah Sowbhagya was appointed as Director on 18 Dec 2017. Mysar Chit Funds has 5 board changes on record in total.
The registered office of Mysar Chit Funds is at No 665 M – Block Nrupatunga Road, Mysore, Karnataka, India – 570023.
Mysar Chit Funds has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.