About Naveen Chits Ranebennur Private Limited
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Naveen Chits Ranebennur Private Limited is a private limited company based in Ranebennur, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 19 October 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2012PTC066390. Its GSTIN is 29AAECN1714H1ZK (Karnataka).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Panduranga Ganagavati Jayappa (Managing Director) and Megharaj Gangavati Vijayappa.
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 Siddeswara Nagar 3rd Cross, Ranebennur, Karnataka, India – 581115.
As per the financials filed for FY 2023, the company reported a revenue of ₹7.34 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹68,503 (net margin -9.3%) and EBITDA of ₹1.61 Lakh (EBITDA margin 21.9%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 33% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
Court records list 62 cases involving the company, including 58 filed by the company and 4 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website naveenchits.com.
Company details
Contact details
Naveen Chits Ranebennur Private Limited's registered office is in Ranebennur, Karnataka. Its website is naveenchits.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSiddeswara Nagar 3rd Cross, Ranebennur, Karnataka, India – 581115
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Naveen Chits Ranebennur 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 Naveen Chits Ranebennur 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 Naveen Chits Ranebennur Private Limited, buy the company report.
Financials of Naveen Chits Ranebennur Private Limited
FY 2023 filings availableNaveen Chits Ranebennur Private Limited reported revenue of ₹7.34 Lakh (up 990% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 990% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 33%. EBITDA rose 410% 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 | ₹1.61 Lakh | ||||
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| Net Profit (PAT) | -₹68,503 | ||||
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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 | 21.9% | ||||
| Net Profit Margin | -9.3% | ||||
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To see the full financial statements and ratios of Naveen Chits Ranebennur Private Limited, buy the company report.
Board of directors of Naveen Chits Ranebennur Private Limited
Naveen Chits Ranebennur has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Panduranga Ganagavati Jayappa Also directs: Pandu Mineral Waters Private Limited | Managing Director | 19 Oct 2012 | 14 Years 0 Months | Current |
| Megharaj Gangavati Vijayappa Also directs: Pandu Mineral Waters Private Limited | Director | 19 Oct 2012 | 14 Years 0 Months | Current |
Peer comparison
Naveen Chits Ranebennur Private Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (Micro Finance), with 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 |
|---|---|---|---|---|---|---|
| Sunrise Micro Finance Associates India | ₹7.55 Lakh (FY 2024) | 1.0% | Agra, Uttar Pradesh, India | |||
| Shubhangi Chit Funds Private Limited | ₹7.5 Lakh (FY 2023) | -22.0% | Pune, Maharashtra, India | |||
| Mahalaxmi Samriddhi Micro Finance | ₹7.49 Lakh (FY 2025) | 3.0% | Jaunpur, Uttar Pradesh, India | |||
| Naveen Chits Ranebennur Private Limitedthis company | ₹7.34 Lakh (FY 2023) | -₹68,503 | -9.3% | 990.0% | 1 | Ranebennur, Karnataka, India |
| Ahalia Nidhi Limited | ₹7.29 Lakh (FY 2022) | 4006.0% | Kaloor P O, Kerala, India | |||
| Varthakakshemam Kuries Private Limited | ₹7.26 Lakh (FY 2025) | -47.0% | Thrissur, Kerala, India | |||
| MJK Chits Private Limited | ₹7.23 Lakh (FY 2025) | -35.0% | Pathanamthitta, Kerala, India | |||
| Sri Parameswari Chit Promoters (Kadiri) Private Limited | ₹7.22 Lakh (FY 2019) | -35.0% | Kadiri, Andhra Pradesh, India |
To see the full peer comparison of Naveen Chits Ranebennur Private Limited, buy the company report.
Auditor
Naveen Chits Ranebennur Private Limited is audited by B S CHANDRASEKHAR & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S CHANDRASEKHAR & CO | FY 2020 | 007189S |
Shareholding
The shareholding of Naveen Chits Ranebennur Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Naveen Chits Ranebennur Private Limited, buy the company report.
Legal cases
Naveen Chits Ranebennur Private Limited has 62 court cases on record: 58 filed by Naveen Chits Ranebennur, 4 filed against it. 2 cases are pending and 60 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 62 | 4 | 2 |
Cases on record (5 of 62)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, HAVERI, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| District court, HAVERI, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, HAVERI, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, HAVERI, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, HAVERI, Karnataka | Appeal | Filed against the company by an individual | Disposed |
To see the full case history of Naveen Chits Ranebennur 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 Naveen Chits Ranebennur Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Naveen Chits Ranebennur Private Limited has a workforce of 1 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Naveen Chits Ranebennur has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECN1714H1ZK | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Naveen Chits Ranebennur Private Limited, buy the company report.
Recent activity
Naveen Chits Ranebennur Private Limited has 2 board changes on record since 2012: 2 appointments. The latest: Megharaj Gangavati Vijayappa was appointed as Director on 19 Oct 2012.
Frequently asked questions
Naveen Chits Ranebennur is an active private limited company based in Ranebennur, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 19 October 2012 (14+ years old) and is registered under CIN U65992KA2012PTC066390.
Naveen Chits Ranebennur has 2 current directors:
- Panduranga Ganagavati Jayappa - Managing Director
- Megharaj Gangavati Vijayappa - Director
The latest financial statements of Naveen Chits Ranebennur 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 2015 are in the company report.
The GSTIN of Naveen Chits Ranebennur is 29AAECN1714H1ZK, registered in Karnataka.
The CIN (Corporate Identification Number) of Naveen Chits Ranebennur is U65992KA2012PTC066390. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Naveen Chits Ranebennur has 62 court cases on record: 58 filed by the company and 4 filed against it. 2 are pending.
Naveen Chits Ranebennur was incorporated on 19 October 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Naveen Chits Ranebennur by revenue are Sunrise Micro Finance Associates India, Shubhangi Chit Funds Private Limited, Mahalaxmi Samriddhi Micro Finance, Ahalia Nidhi Limited, Varthakakshemam Kuries Private Limited and 2 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Megharaj Gangavati Vijayappa was appointed as Director on 19 Oct 2012. Panduranga Ganagavati Jayappa was appointed as Managing Director on 19 Oct 2012.
Naveen Chits Ranebennur can be reached through the website naveenchits.com. Its registered office is in Ranebennur, Karnataka, India.
The registered office of Naveen Chits Ranebennur is at Siddeswara Nagar 3rd Cross, Ranebennur, Karnataka, India – 581115.
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