Namomaruthi Chits (Mangalore) Private Limited
About Namomaruthi Chits (Mangalore) Private Limited
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Namomaruthi Chits (Mangalore) Private Limited is a private limited company based in Mangalore, Karnataka, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 21 December 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65993KA2016PTC098640. Its GSTIN is 29AAFCN4425Q2ZT (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Nithin Kumar Shetty and Dayananda Raghunath Shetty.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Door No 4 – 95/39 Anantha Arcade Airport Road Kavoor Junction Marakada Village, Mangalore, Karnataka, India – 575015.
As per the financials filed for FY 2023, the company reported a revenue of ₹7.12 Lakh, a growth of 49% compared to the previous year. For the same year it recorded a net loss of ₹5.56 Lakh (net margin -78.1%) and EBITDA of -₹1.06 Lakh (EBITDA margin -15%). Revenue has declined at a compounded annual rate (CAGR) of 43% over three years and 7% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹20 Lakh on record. Court records list 8 cases involving the company, including 8 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Namomaruthi Chits (Mangalore) Private Limited's registered office is in Mangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressDoor No 4 – 95/39 Anantha Arcade Airport Road Kavoor Junction Marakada Village, Mangalore, Karnataka, India – 575015
- IndustryFinancial Services, Other Financial Intermediation, Investment Companies
To see the full contact details of Namomaruthi Chits (Mangalore) 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 Namomaruthi Chits (Mangalore) 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 Namomaruthi Chits (Mangalore) Private Limited, buy the company report.
Financials of Namomaruthi Chits (Mangalore) Private Limited
FY 2023 filings availableNamomaruthi Chits (Mangalore) Private Limited reported revenue of ₹7.12 Lakh (up 49% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 49% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA rose 47% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹1.06 Lakh | ||||
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| Net Profit (PAT) | -₹5.56 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | -15% | ||||
| Net Profit Margin | -78.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Namomaruthi Chits (Mangalore) Private Limited, buy the company report.
Board of directors of Namomaruthi Chits (Mangalore) Private Limited
Namomaruthi Chits (Mangalore) has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nithin Kumar Shetty | Director | 21 Dec 2016 | 9 Years 10 Months | Current |
| Dayananda Raghunath Shetty | Director | 21 Dec 2016 | 9 Years 10 Months | Current |
| Latha Subha Rai | Director | 14 Sep 2022 | 4 Years 1 Months | Current |
Peer comparison
Namomaruthi Chits (Mangalore) Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Amaira Finvest Private Limited | ₹7.12 Lakh (FY 2024) | 78.0% | Kolkata, West Bengal, India | |||
| Souvenir Chits Private Limited | ₹7.12 Lakh (FY 2025) | -20.0% | Thrissur, Kerala, India | |||
| S.V.Rm. Chit Funds Private Limited | ₹7.12 Lakh (FY 2025) | 72.0% | Ambasamudram, Tamil Nadu, India | |||
| Lakshmi Surekha Chits Private Limited | ₹7.12 Lakh (FY 2025) | -9.0% | Rangampeta, Andhra Pradesh, India | |||
| Namomaruthi Chits (Mangalore) Private Limitedthis company | ₹7.12 Lakh (FY 2023) | -₹5.56 Lakh | -78.1% | 49.0% | 4 | Mangalore, Karnataka, India |
| Jagprem Tieup Private Limited | ₹7.12 Lakh (FY 2024) | -72.0% | Kolkata, West Bengal, India | |||
| Apollosaral Chits Private Limited | ₹7.11 Lakh (FY 2019) | -15.0% | Mysore, Karnataka, India | |||
| Genex Financial Services Private Limited | ₹7.11 Lakh (FY 2016) | 39.0% | Mumbai, Maharashtra, India | |||
| Satellite Chits Private Limited | ₹7.11 Lakh (FY 2025) | -16.0% | Kochi, Kerala, India | |||
| Divyajeevan Mutual Benefit Nidhi Limited | ₹7.1 Lakh (FY 2023) | 75.0% | East Champaran, Bihar, India |
To see the full peer comparison of Namomaruthi Chits (Mangalore) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Nov 2017 | 100139881 | Others | ₹20 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Namomaruthi Chits (Mangalore) Private Limited has 8 court cases on record: 8 filed by Namomaruthi Chits (Mangalore). 1 case is pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 0 | 0 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against The Karur Bank Limited | Pending |
| District court, DAKSHINA KANNADA, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, DAKSHINA KANNADA, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, DAKSHINA KANNADA, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, DAKSHINA KANNADA, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Namomaruthi Chits (Mangalore) 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 Namomaruthi Chits (Mangalore) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Namomaruthi Chits (Mangalore) Private Limited has a workforce of 4 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Namomaruthi Chits (Mangalore) has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCN4425Q2ZT | Karnataka | Active | 28 Feb 2018 |
To see the full GST registrations and return filing status of Namomaruthi Chits (Mangalore) Private Limited, buy the company report.
Recent activity
Namomaruthi Chits (Mangalore) Private Limited has 5 board changes on record since 2016: 4 appointments and 1 cessation. The latest: Latha Subha Rai was appointed as Director on 14 Sep 2022.
Frequently asked questions
Namomaruthi Chits (Mangalore) is an active private limited company based in Mangalore, Karnataka, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 21 December 2016 (10+ years old) and is registered under CIN U65993KA2016PTC098640.
Namomaruthi Chits (Mangalore) has 3 current directors:
- Nithin Kumar Shetty - Director
- Dayananda Raghunath Shetty - Director
- Latha Subha Rai - Director
The latest financial statements of Namomaruthi Chits (Mangalore) on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Namomaruthi Chits (Mangalore) is 29AAFCN4425Q2ZT, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Namomaruthi Chits (Mangalore) is U65993KA2016PTC098640. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Namomaruthi Chits (Mangalore) has 8 court cases on record: 8 filed by the company. 1 is pending. Most are in the district courts.
Namomaruthi Chits (Mangalore) was incorporated on 21 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Namomaruthi Chits (Mangalore) by revenue are Amaira Finvest Private Limited, Souvenir Chits Private Limited, S.V.Rm. Chit Funds Private Limited, Lakshmi Surekha Chits Private Limited, Jagprem Tieup Private Limited and 4 more, all in the same principal business activity (other financial activities).
Latha Subha Rai was appointed as Director on 14 Sep 2022. Shashikala ceased to be Director on 25 Aug 2022. Dayananda Raghunath Shetty was appointed as Director on 21 Dec 2016. Namomaruthi Chits (Mangalore) has 5 board changes on record in total.
The registered office of Namomaruthi Chits (Mangalore) is at Door No 4 – 9539 Anantha Arcade Airport Road Kavoor Junction Marakada Village, Mangalore, Karnataka, India – 575015.
Namomaruthi Chits (Mangalore) operates in the financial services industry, in the other financial intermediation segment.
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