Nithyachethana Chits Private Limited
About Nithyachethana Chits Private Limited
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Nithyachethana Chits Private Limited is a private limited company based in Davanagere, Karnataka, India. It operates in the chit fund and microfinance segment of the financial services sector. It was incorporated on 17 December 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2018PTC119525. Its GSTIN is 29AAGCN3281K1Z1 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Anusha Prithviraj and Halasooru Mallappa Kumaraswamy.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.2673/A – 2 S.I.Arcade Dental College Road Mcc B Block, Davanagere, Karnataka, India – 577004.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.8 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹1.08 Lakh (net margin 0.6%) and EBITDA of ₹10.56 Lakh (EBITDA margin 5.9%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 39% over five years.
The company has about 24 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7.78 Lakh on record. Court records list 13 cases involving the company, including 13 filed by the company; 6 cases are pending.
Company details
Contact details
Nithyachethana Chits Private Limited's registered office is in Davanagere, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressNo.2673/A – 2 S.I.Arcade Dental College Road Mcc B Block, Davanagere, Karnataka, India – 577004
- IndustryFinancial Services, Chit Fund, Other Financial Intermediation, Kuri Companies
To see the full contact details of Nithyachethana 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 Nithyachethana Chits is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Nithyachethana Chits Private Limited, buy the company report.
Financials of Nithyachethana Chits Private Limited
FY 2025 filings availableNithyachethana Chits Private Limited reported revenue of ₹1.8 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 39% over five years, including 2% growth in the latest year. EBITDA rose 14% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹10.56 Lakh | ||||
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| Net Profit (PAT) | ₹1.08 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 5.9% | ||||
| Net Profit Margin | 0.6% | ||||
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To see the full financial statements and ratios of Nithyachethana Chits Private Limited, buy the company report.
Board of directors of Nithyachethana Chits Private Limited
Nithyachethana Chits has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Halasooru Mallappa Kumaraswamy Also directs: NTP Shreenithya Chits (Karnataka) Private Limited | Additional Director | 22 Mar 2024 | 2 Years 7 Months | Current |
| Anusha Prithviraj | Director | 28 Apr 2023 | 3 Years 6 Months | Current |
Peer comparison
Nithyachethana Chits Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (activities auxiliary to financial service and insurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jeevanmahendra Chits Private Limited | ₹1.81 Cr (FY 2024) | 3.0% | Bangalore, Karnataka, India | |||
| Unitel Finance and Investments Private Limited | ₹1.81 Cr (FY 2025) | 75.0% | Mumbai, Maharashtra, India | |||
| Pro Grow Financial Consultancy Private Limited | ₹1.8 Cr (FY 2025) | -2.0% | Pune, Maharashtra, India | |||
| Cumex Marketing Pvt. Ltd. | ₹1.8 Cr (FY 2024) | -3.0% | Kolkata, West Bengal, India | |||
| Vmir Investment Private Limited | ₹1.8 Cr (FY 2025) | 220.0% | Pune, Maharashtra, India | |||
| Nithyachethana Chits Private Limitedthis company | ₹1.8 Cr (FY 2025) | ₹1.08 Lakh | 0.6% | 2.0% | 24 | Davanagere, Karnataka, India |
| Bhansali Innovative Finance Private Limited | ₹1.8 Cr (FY 2025) | -63.0% | Mumbai, Maharashtra, India | |||
| Angel Holdings Private Limited | ₹1.8 Cr (FY 2025) | 3.0% | Mumbai, Maharashtra, India | |||
| Q-Factor Finance and Investments Private Limited . | ₹1.8 Cr (FY 2025) | 10.0% | Delhi, India | |||
| Yt Commodities Broking Private Limited | ₹1.8 Cr (FY 2025) | -45.0% | Mumbai, Maharashtra, India | |||
| R Life Advisory Services Private Limited | ₹1.8 Cr (FY 2025) | -18.0% | Pune, Maharashtra, India |
To see the full peer comparison of Nithyachethana Chits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jul 2022 | 100623273 | Others | ₹7.78 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Nithyachethana Chits Private Limited has 13 court cases on record: 13 filed by Nithyachethana Chits. 6 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 0 | 6 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DAVANGERE, Karnataka | Execution petition | Filed by the company against an individual | Pending |
| District court, DAVANGERE, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, DAVANGERE, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, DAVANGERE, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, HAVERI, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Nithyachethana 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 Nithyachethana Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nithyachethana Chits Private Limited has a workforce of 24 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Nithyachethana Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCN3281K1Z1 | Karnataka | Active | 04 Dec 2019 |
To see the full GST registrations and return filing status of Nithyachethana Chits Private Limited, buy the company report.
Recent activity
Nithyachethana Chits Private Limited has 5 board changes on record since 2023: 2 appointments and 3 cessations. The latest: Indrappa Hanumanthappa ceased to be Managing Director on 23 Mar 2024.
Frequently asked questions
Nithyachethana Chits is an active private limited company based in Davanagere, Karnataka, India. The company works in chit fund, within the financial services industry. It was incorporated on 17 December 2018 (8+ years old) and is registered under CIN U65992KA2018PTC119525.
Nithyachethana Chits has 2 current directors:
- Halasooru Mallappa Kumaraswamy - Additional Director
- Anusha Prithviraj - Director
The latest financial statements of Nithyachethana Chits on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Nithyachethana Chits is 29AAGCN3281K1Z1, registered in Karnataka.
The CIN (Corporate Identification Number) of Nithyachethana Chits is U65992KA2018PTC119525. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nithyachethana Chits has 13 court cases on record: 13 filed by the company. 6 are pending.
Nithyachethana Chits was incorporated on 17 December 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Nithyachethana Chits by revenue are Jeevanmahendra Chits Private Limited, Unitel Finance and Investments Private Limited, Pro Grow Financial Consultancy Private Limited, Cumex Marketing Pvt. Ltd, Vmir Investment Private Limited and 5 more, all in the same principal business activity (activities auxiliary to financial service and insurance activities).
Indrappa Hanumanthappa ceased to be Managing Director on 23 Mar 2024. Halasooru Mallappa Kumaraswamy was appointed as Additional Director on 22 Mar 2024. Anusha Prithviraj ceased to be Additional Director on 29 Sep 2023. Nithyachethana Chits has 5 board changes on record in total.
The registered office of Nithyachethana Chits is at No.2673A – 2 S.I.Arcade Dental College Road Mcc B Block, Davanagere, Karnataka, India – 577004.
Nithyachethana Chits operates in the financial services industry, in the chit fund segment.
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