About Navashakthi Chits Private Limited
Data last updated: 13 February 2026
Navashakthi Chits Private Limited is a private limited company based in Bangalore-21., Karnataka, India. It specialises in microfinance institutions, a part of the broader financial services sector. Incorporated on 30 January 2006, the company has been in operation for over 20 years.
Registered with ROC Bangalore under CIN U65992KA2006PTC038337.
Capital: an authorised share capital of ₹3 Cr and a paid-up capital of ₹1 Cr. It is led by directors Vadivel Narayana Murthy Saravanan and Vadivelu Narayana Murthy.
Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: #553/7 7Th Cross 3Rd Mainayyappa Temple Road Prakashnagar, Bangalore – 21., Karnataka, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.2 Cr, a growth of 6% compared to the previous year.
The company is associated with 1 brand - Navashakthi Chits. As per MCA filings, the company has open charges of ₹1.69 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website navashakthichits.com.
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Registered Address#553/7 7Th Cross 3Rd Mainayyappa Temple Road Prakashnagar, Bangalore – 21., Karnataka, India
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IndustryFinancial Services, Microfinance Institutions
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Navashakthi Chits Private Limited
Navashakthi Chits Private Limited operates one associated brand: NavaShakthi Chits. These brands represent Navashakthi Chits Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Offers financial services including chit funds and a range of products. | navashakthichits.com |
Competitors & Alternatives of Navashakthi Chits Private Limited
Brands and companies operating in the same space as Navashakthi Chits Private Limited include Scripbox, FundsIndia, AssetPlus and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Scripbox
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Platform offering mutual fund investments, financial planning, and wealth growth services | Bengaluru, India, India | 2012 |
FundsIndia
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Online investment platform for mutual funds and other financial products | Chennai, India, India | 2008 |
AssetPlus
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Mutual fund investments are enabled via advisor-assisted diversified plans. | Chennai, India, India | 2016 |
Kuvera
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Mutual fund portfolios are created via an app-based investment platform. | Bengaluru, India, India | 2016 |
Bandhan Mutual Fund
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Online platform for investing in mutual funds | Mumbai, India, India | 2000 |
Clearfunds
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Direct mutual fund investments are enabled via an online platform. | Mumbai, India, India | 2016 |
Fundzbazar
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Online platform for mutual funds, stock broking, and other investment services. | Ahmedabad, India, India | 2016 |
Sqrrl
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App-based personal finance and planning platform is offered for individuals. | Delhi, India, India | 2016 |
CashRich
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Dynamic SIP options for mutual fund investments are facilitated. | Mumbai, India, India | 2015 |
Business Activity of Navashakthi Chits Private Limited
Navashakthi Chits Private Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details for Navashakthi Chits Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Navashakthi Chits Private Limited
Navashakthi Chits Private Limited is audited by LADWA & CO for the financial year 2021. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| LADWA & CO | Locked | Locked | Locked |
Complete auditor history for Navashakthi Chits Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors of Navashakthi Chits Private Limited
Navashakthi Chits Private Limited is currently managed by 2 directors, with 3 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Vadivel Narayana Murthy Saravanan
Also directs:
Sprintech India Private Limited, Navashakthi Enterprises Private Limited, Navashakthi Capital Markets Private Limited and 1 more
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Managing Director | 16 May 2010 | 16 Years 3 Months | Current |
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Vadivelu Narayana Murthy
Also directs:
Shakthi Business Ventures India Limited
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Director | 30 Jan 2006 | 20 Years 6 Months | Current |
Financials of Navashakthi Chits Private Limited FY 2024 filings available
Navashakthi Chits Private Limited reported revenue of ₹5.2 Cr (up 6.00% YoY) for FY 2024.
Ten-year financial statements for Navashakthi Chits Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
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Ownership and Shareholding of Navashakthi Chits Private Limited
Shareholding and ownership data for Navashakthi Chits Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Navashakthi Chits Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Nov 2020 | Others | ₹19 Lakh | Open |
| 17 May 2011 | Others | ₹1.5 Cr | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Navashakthi Chits Private Limited
Navashakthi Chits Private Limited has a workforce of 85 employees as of Mar 31, 2024.
Employee and EPFO history for Navashakthi Chits Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Navashakthi Chits Private Limited
GST registrations and filing compliance for Navashakthi Chits Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Navashakthi Chits Private Limited
Credit ratings, litigation, and regulatory alerts for Navashakthi Chits Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- 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 Navashakthi Chits Private Limited
MSME payment history for Navashakthi Chits Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- 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 Navashakthi Chits Private Limited
Corporate group structure for Navashakthi Chits Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Navashakthi Chits Private Limited
MCA filings and documents for Navashakthi Chits Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Navashakthi Chits Private Limited
Frequently Asked Questions about Navashakthi Chits Private Limited
Navashakthi Chits Private Limited is an active private limited company in the financial services sector based in Bangalore-21, Karnataka, India. It was incorporated on 30 January 2006 (20+ years old) and is registered under CIN U65992KA2006PTC038337.
Navashakthi Chits Private Limited reported revenue of ₹5.2 Cr for FY 2024 (up 6.00% YoY).
The current directors of Navashakthi Chits Private Limited are:
- Vadivel Narayana Murthy Saravanan - Managing Director
- Vadivelu Narayana Murthy - Director
The primary industry of Navashakthi Chits Private Limited is financial services. The company specifically operates in microfinance institutions. The company is currently active in this sector.
Navashakthi Chits Private Limited can be reached at the registered office: #5537 7Th Cross 3Rd Mainayyappa Temple Road Prakashnagar, Bangalore – 21, Karnataka, India, or through the website navashakthichits.com.
The authorised capital is ₹3 Cr, and the paid-up capital is ₹1 Cr.