Navika Chits Private Limited
About Navika Chits Private Limited
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Navika Chits Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 05 April 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U67200KA2017PTC101964.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Siddareddy and Gadi Sai Kiran Reddy.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at No.7 S F H S Area Nandini Layout, Bangalore, Karnataka, India – 560096.
As per the financials filed for FY 2020, the company reported a revenue of ₹5.27 Lakh, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹1,073 (net margin 0.2%) and EBITDA of -₹94,795 (EBITDA margin -18%).
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Navika Chits Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressNo.7 S F H S Area Nandini Layout, Bangalore, Karnataka, India – 560096
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Navika 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 Navika Chits 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 Navika Chits Private Limited, buy the company report.
Financials of Navika Chits Private Limited
FY 2020 filings availableNavika Chits Private Limited reported revenue of ₹5.27 Lakh (up 26% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 26% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹5.27 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹94,795 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹1,073 | ||
| 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 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -18% | ||
| Net Profit Margin | 0.2% | ||
| 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 Navika Chits Private Limited, buy the company report.
Board of directors of Navika Chits Private Limited
Navika Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Siddareddy | Director | 05 Apr 2017 | 9 Years 7 Months | Current |
| Gadi Sai Kiran Reddy | Director | 05 Apr 2017 | 9 Years 7 Months | Current |
Peer comparison
Navika Chits Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Navika Chits Private Limitedthis company | ₹5.27 Lakh (FY 2020) | ₹1,073 | 0.2% | 26.0% | Bangalore, Karnataka, India | |
| Newsai Himachal Nidhi Limited | ₹4.29 Lakh (FY 2022) | 635.0% | Solan, Himachal Pradesh, India | |||
| Travancore Chits Private Limited | ₹4.29 Lakh (FY 2018) | -46.0% | Koothattukulam, Kerala, India | |||
| Tanmay Micro Finance Foundation | ₹4.21 Lakh (FY 2025) | 13.0% | Varanasi, Uttar Pradesh, India | |||
| Atibha Nidhi Limited | ₹4.21 Lakh (FY 2025) | -21.0% | New Delhi, Delhi, India | |||
| Lisieux Kuries (Olari) Limited | ₹4.15 Lakh (FY 2021) | -43.0% | Thrissur, Kerala, India | |||
| Sathyam Kuries Private Limited | ₹4.11 Lakh (FY 2021) | -74.0% | Pune, Maharashtra, India | |||
| Kesar Madhav Micro Finance | ₹4.08 Lakh (FY 2025) | 32.0% | Jaipur, Rajasthan, India | |||
| Bheemidi Chit Funds Private Limited | ₹4.03 Lakh (FY 2020) | -77.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Navika Chits Private Limited, buy the company report.
Auditor
Navika Chits Private Limited is audited by SHIVAPRAKASH J & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHIVAPRAKASH J & CO | FY 2020 | 015100S |
Shareholding
The shareholding of Navika Chits Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Navika Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Navika Chits Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Navika 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 Navika Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Navika Chits Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Gadi Sai Kiran Reddy was appointed as Director on 05 Apr 2017.
Frequently asked questions
Navika Chits is an active private limited company based in Bangalore, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 05 April 2017 (9+ years old) and is registered under CIN U67200KA2017PTC101964.
Navika Chits has 2 current directors:
- Siddareddy - Director
- Gadi Sai Kiran Reddy - Director
The latest financial statements of Navika Chits on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from FY 2018 are in the company report.
The CIN (Corporate Identification Number) of Navika Chits is U67200KA2017PTC101964. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Navika Chits was incorporated on 05 April 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Navika Chits by revenue are Newsai Himachal Nidhi Limited, Travancore Chits Private Limited, Tanmay Micro Finance Foundation, Atibha Nidhi Limited, Lisieux Kuries (Olari) Limited and 3 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Gadi Sai Kiran Reddy was appointed as Director on 05 Apr 2017. Siddareddy was appointed as Director on 05 Apr 2017.
The registered office of Navika Chits is at No.7 S F H S Area Nandini Layout, Bangalore, Karnataka, India – 560096.
Navika Chits operates in the financial services industry, in the microfinance institutions segment.
The compliance status of Navika Chits is compliant as of 24 September 2026. The company is actively filing with the Registrar of Companies.
Navika Chits can be reached at its registered office: No.7 S F H S Area Nandini Layout, Bangalore, Karnataka, India – 560096.
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