Nagamangala Chits Private Limited
About Nagamangala Chits Private Limited
Data last updated:
Nagamangala Chits Private Limited is a private limited company based in Nagamangala, Karnataka, India. It operates in the chit fund and microfinance segment of the financial services sector. It was incorporated on 14 May 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA1999PTC025211.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4.1 Lakh. It is led by directors including Nagamangala Subbarao Srinivasa and Nagamangala Subbarao Nagesh.
Its last annual general meeting (AGM) was held on 28 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at N.V.S.Building Upstairs B.M.Road Nagamangala, Karnataka, India – 571432.
As per the financials filed for FY 2019, the company reported a revenue of ₹24.83 Lakh, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹87,497 (net margin 3.5%) and EBITDA of ₹87,497 (EBITDA margin 3.5%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 5% over five years.
Court records list 170 cases involving the company, including 167 filed by the company and 3 filed against it; 8 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Nagamangala Chits Private Limited's registered office is in Nagamangala, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressN.V.S.Building Upstairs B.M.Road Nagamangala, Karnataka, India – 571432
- IndustryFinancial Services, Chit Fund, Other Financial Intermediation, Kuri Companies
To see the full contact details of Nagamangala 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 Nagamangala Chits is financial and insurance service. In detail, this covers fund management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund Management Services |
To see the full business activity and turnover split of Nagamangala Chits Private Limited, buy the company report.
Financials of Nagamangala Chits Private Limited
FY 2019 filings availableNagamangala Chits Private Limited reported revenue of ₹24.83 Lakh (up 7% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 7% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 5%. EBITDA rose 22% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹24.83 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹87,497 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹87,497 | ||||
| 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.5% | ||||
| Net Profit Margin | 3.5% | ||||
| 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 Nagamangala Chits Private Limited, buy the company report.
Board of directors of Nagamangala Chits Private Limited
Nagamangala Chits has 6 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nagamangala Subbarao Srinivasa | Director | 14 May 1999 | 27 Years 5 Months | Current |
| Nagamangala Subbarao Nagesh | Director | 14 May 1999 | 27 Years 5 Months | Current |
| Kadaba Visveshwarashastry Ashwathanarayana | Director | 14 May 1999 | 27 Years 5 Months | Current |
| Nagamangala Venkatapathaiah Subbarao | Director | 14 May 1999 | 27 Years 5 Months | Current |
| Ganeshrao Nadagir Maltesh | Director | 14 May 1999 | 27 Years 5 Months | Current |
| Innanje Vishnumurthy Bhat | Director | 14 May 1999 | 27 Years 5 Months | Current |
Peer comparison
Nagamangala Chits Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (fund management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kural Investment Services Private Limited | ₹26.14 Lakh (FY 2025) | 4438.0% | Tirumangalam, Tamil Nadu, India | |||
| Il & FS Asian Infrastructure Managers Limited | ₹25.97 Lakh (FY 2023) | 12.0% | Mumbai, Maharashtra, India | |||
| Step Towards Success Nidhi Limited | ₹25.15 Lakh (FY 2021) | Lucknow, Uttar Pradesh, India | ||||
| Vitkom Wealth Private Limited | ₹24.92 Lakh (FY 2025) | -32.0% | Thane, Maharashtra, India | |||
| Flourish Insurance Surveyors and Loss Assessors Private Limited | ₹24.86 Lakh (FY 2020) | -54.0% | Bengaluru, Karnataka, India | |||
| Nagamangala Chits Private Limitedthis company | ₹24.83 Lakh (FY 2019) | ₹87,497 | 3.5% | 7.0% | Nagamangala, Karnataka, India | |
| Sarvartha Chit Funds Private Limited | ₹23.91 Lakh (FY 2022) | 395.0% | Medak, Telangana, India | |||
| Ask and Serve Financial Services Private Limited | ₹23.88 Lakh (FY 2025) | 28.0% | Bhiwadi, Rajasthan, India | |||
| Finzone Financial Services Private Limited | ₹23.8 Lakh (FY 2017) | 71.0% | Chennai, Tamil Nadu, India | |||
| Truue Ipe Private Limited | ₹23.06 Lakh (FY 2024) | 738.0% | Ahmedabad, Gujarat, India | |||
| JRJ Prompt Kuries India Private Limited | ₹22.5 Lakh (FY 2025) | 5.0% | Edathua, Kerala, India |
To see the full peer comparison of Nagamangala Chits Private Limited, buy the company report.
Legal cases
Nagamangala Chits Private Limited has 170 court cases on record: 167 filed by Nagamangala Chits, 3 filed against it. 8 cases are pending and 162 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 168 | 2 | 7 |
| High courts | 2 | 1 | 1 |
Cases on record (5 of 170)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (CRL.P) | Filed against the company by an individual | Pending |
| District court, MANDYA, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, MANDYA, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, MANDYA, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, MANDYA, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Nagamangala 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 Nagamangala 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 Nagamangala Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Nagamangala Chits Private Limited has 6 board changes on record since 1999: 6 appointments. The latest: Ganeshrao Nadagir Maltesh was appointed as Director on 14 May 1999.
Frequently asked questions
Nagamangala Chits is an active private limited company based in Nagamangala, Karnataka, India. The company works in chit fund, within the financial services industry. It was incorporated on 14 May 1999 (27+ years old) and is registered under CIN U65992KA1999PTC025211.
Nagamangala Chits has 6 current directors:
- Nagamangala Subbarao Srinivasa - Director
- Nagamangala Subbarao Nagesh - Director
- Kadaba Visveshwarashastry Ashwathanarayana - Director
- Nagamangala Venkatapathaiah Subbarao - Director
- Ganeshrao Nadagir Maltesh - Director
- Innanje Vishnumurthy Bhat - Director
The latest financial statements of Nagamangala Chits on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 28 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Nagamangala Chits is U65992KA1999PTC025211. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nagamangala Chits has 170 court cases on record: 167 filed by the company and 3 filed against it. 8 are pending. Most are in the district courts.
Nagamangala Chits was incorporated on 14 May 1999, making it 27+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Nagamangala Chits by revenue are Kural Investment Services Private Limited, Il & FS Asian Infrastructure Managers Limited, Step Towards Success Nidhi Limited, Vitkom Wealth Private Limited, Flourish Insurance Surveyors and Loss Assessors Private Limited and 5 more, all in the same principal business activity (fund management services).
Ganeshrao Nadagir Maltesh was appointed as Director on 14 May 1999. Innanje Vishnumurthy Bhat was appointed as Director on 14 May 1999. Kadaba Visveshwarashastry Ashwathanarayana was appointed as Director on 14 May 1999. Nagamangala Chits has 6 board changes on record in total.
The registered office of Nagamangala Chits is at N.V.S.Building Upstairs B.M.Road Nagamangala, Karnataka, India – 571432.
Nagamangala Chits operates in the financial services industry, in the chit fund segment.
The compliance status of Nagamangala Chits is active non-compliant as of 05 August 2026. The company is actively filing with the Registrar of Companies.