Nityotsava Chit Fund Private Limited

Nityotsava Chit Fund Private Limited - financial services in Channagiri, Karnataka, India. FY 2026 financials & compliance.
CIN U65992KA2019PTC130682 Incorporated 16 December 2019 ROC Bangalore HQ Channagiri, Karnataka, India
Active Private Limited Company financial services
Data last updated
Revenue · FY 2022
₹40.84 Lakh
▲ 213% YoY
Net profit · FY 2022
₹6.81 Lakh
Net margin 16.7%
EBITDA · FY 2022
₹10.98 Lakh
EBITDA margin 26.9%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹2 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered

About Nityotsava Chit Fund Private Limited

Data last updated:

Nityotsava Chit Fund Private Limited is a private limited company based in Channagiri, Karnataka, India. It operates in the chit fund and microfinance segment of the financial services sector. It was incorporated on 16 December 2019 and has been in existence for over 7 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2019PTC130682. Its GSTIN is 29AAGCN7975E1ZX (Karnataka).

The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors Arpitha Kumaranaik Naik and Ramesh Naik Muchal.

Its last annual general meeting (AGM) was held on 25 November 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at H No – 2162/1779 Ward No – 8 Kagtoor Road Channagiri Taluk, Karnataka, India – 577213.

As per the financials filed for FY 2022, the company reported a revenue of ₹40.84 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹6.81 Lakh (net margin 16.7%) and EBITDA of ₹10.98 Lakh (EBITDA margin 26.9%).

The company is associated with 1 brand: Nityotsava Chitfund. Court records list 12 cases involving the company, including 12 filed by the company; 11 cases are pending.

Company Details of Nityotsava Chit Fund Private Limited
CIN U65992KA2019PTC130682
Registration Number 130682
Incorporation Date 16 December 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 25 November 2022
Date of Balance Sheet 31 March 2022
Key People
Arpitha Kumaranaik Naik Director Ramesh Naik Muchal Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
    Locked
  • Registered Address
    H No – 2162/1779 Ward No – 8 Kagtoor Road Channagiri Taluk, Karnataka, India – 577213
  • Industry
    Financial Services, Chit Fund, Other Financial Intermediation, Kuri Companies
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Financials, compliance, directors, charges, ownership and filings for Nityotsava Chit Fund Private Limited in one report.

Financials from FY 2020 Directors & ownership Charges & compliance

Business Activity of Nityotsava Chit Fund Private Limited

The main business activity of Nityotsava Chit Fund is financial and insurance service. In detail, this covers other financial activities.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
KFinancial and insurance ServiceK8Other financial activitiesLocked
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Financials of Nityotsava Chit Fund Private Limited FY 2022 filings available

Nityotsava Chit Fund Private Limited reported revenue of ₹40.84 Lakh (up 213% YoY) for FY 2022.

Revenue · FY 2022
₹40.84 Lakh ▲ 213%
Net profit · FY 2022
₹6.81 Lakh margin 16.7%
EBITDA · FY 2022
₹10.98 Lakh margin 26.9%

Compounded Annual Growth Rate (CAGR) of Nityotsava Chit Fund Private Limited

Revenue CAGR growth
1 year
▲ 213%
EBITDA CAGR growth
1 year
▲ 68%

Revenue rose 213% in the latest year. EBITDA rose 68% in the latest year. All are worked out from the filed statements.

Financial Statement Summary of Nityotsava Chit Fund Private Limited

MetricsFY 2021-22FY 2020-21FY 2019-20
Profit and Loss Statement
Revenue from Operations••••••••••••
Other Income••••••••••••
Total Revenue••••••••••••
Cost of Materials Consumed••••••••••••
Employee Benefit Expense••••••••••••
Finance Costs••••••••••••
Depreciation and Amortisation••••••••••••
Other Expenses••••••••••••
Total Expenses••••••••••••
EBITDA₹10.98 Lakh••••••••
Profit Before Tax••••••••••••
Tax Expense••••••••••••
Net Profit (PAT)₹6.81 Lakh••••••••
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 of Nityotsava Chit Fund Private Limited

MetricsFY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin26.9%••••••••
Net Profit Margin16.7%••••••••
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••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Nityotsava Chit Fund are in the company report.

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Financial statements from FY 2020

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Peer Comparison of Nityotsava Chit Fund Private Limited

Nityotsava Chit Fund Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other financial activities). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Saisahara Vyapaar Private Limited₹40.89 Lakh (FY 2024)••••••••-14.0%••••New Delhi, Delhi, India
Aditya Fincom Private Limited₹40.88 Lakh (FY 2025)••••••••376.0%••••Indore, Madhya Pradesh, India
V and V Fine Tex Private Limited₹40.85 Lakh (FY 2016)••••••••35.0%••••New Delhi, Delhi, India
Futurevest Capsol Private Limited₹40.85 Lakh (FY 2025)••••••••209.0%••••Jaipur, Rajasthan, India
Mahadev Financial Services Private Limited₹40.85 Lakh (FY 2025)••••••••-24.0%••••Jaipur, Rajasthan, India
Nityotsava Chit Fund Private Limited this company₹40.84 Lakh (FY 2022)••••••••213.0%••••Channagiri, Karnataka, India
Atmaramgiribaba Urban Multipal Nidhi Limited₹40.82 Lakh (FY 2023)••••••••-31.0%••••Ahmednagar, Maharashtra, India
Kayadhu Multicity Nidhi Limited₹40.82 Lakh (FY 2025)••••••••281.0%••••Ahmadpur, Maharashtra, India
Matri Ashish Impex Private Limited₹40.8 Lakh (FY 2025)••••••••-75.0%••••Kolkata, West Bengal, India
Kairaa Tech Serve Private Limited₹40.79 Lakh (FY 2024)••••••••25.0%••••Chennai, Tamil Nadu, India
Pankaj Chits Private Limited₹40.77 Lakh (FY 2024)••••••••191.0%••••Coimbatore, Tamil Nadu, India

Peers are the five companies nearest above and the five nearest below Nityotsava Chit Fund by revenue in the same principal business activity (Other financial activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Board of Directors of Nityotsava Chit Fund Private Limited

Nityotsava Chit Fund has 2 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Arpitha Kumaranaik Naik
Also directs: Nityotsava Traders Private Limited, Micone Chit Funds Private Limited, Nityotsava Nidhi Limited and 3 more
Director16 Dec 20196 Years 9 MonthsCurrent
Ramesh Naik Muchal
Also directs: Nityotsava Traders Private Limited, Micone Chit Funds Private Limited, Nityotsava Nidhi Limited and 3 more
Director16 Dec 20196 Years 9 MonthsCurrent
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Ownership and Shareholding of Nityotsava Chit Fund Private Limited

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Charges & Borrowings of Nityotsava Chit Fund Private Limited

Nityotsava Chit Fund Private Limited does not have any charges (loans) registered with the Registrar of Companies.

Associated Brands with Nityotsava Chit Fund Private Limited

Nityotsava Chit Fund operates one associated brand: NITYOTSAVA CHITFUND. Each brand links to its own profile.

BrandDescriptionWebsite
NITYOTSAVA CHITFUND
NITYOTSAVA CHITFUND offers a range of diversified personal financial services.nityotsavachits.com

Employees and EPFO Compliance at Nityotsava Chit Fund Private Limited

Employment history and EPFO contributions of people linked to Nityotsava Chit Fund.

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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Nityotsava Chit Fund Private Limited

Nityotsava Chit Fund Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Arpitha Kumaranaik Naik was appointed as Director on 16 Dec 2019.

AGM
Nityotsava Chit Fund Private Limited last Annual general meeting of members was held on 25 Nov 2022 as per latest MCA records.
Filing
Nityotsava Chit Fund Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Bangalore.
Appointed
Arpitha Kumaranaik Naik was appointed as Director.
Appointed
Ramesh Naik Muchal was appointed as Director.
Incorporation
16 Dec 2019
Nityotsava Chit Fund Private Limited was registered on 16 Dec 2019 with Roc Bangalore & aged 6 years 9 months as per MCA records.

Credit Ratings, Litigation & Regulatory Alerts for Nityotsava Chit Fund Private Limited

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MSME Payment Delays by Nityotsava Chit Fund Private Limited

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Subsidiaries & Group Companies of Nityotsava Chit Fund Private Limited

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GST Compliance of Nityotsava Chit Fund Private Limited

Nityotsava Chit Fund has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AAGCN7975E1ZXKarnatakaActive04 Jan 2020
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MCA Filings & Documents of Nityotsava Chit Fund Private Limited

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Frequently Asked Questions about Nityotsava Chit Fund Private Limited

Nityotsava Chit Fund is an active private limited company based in Channagiri, Karnataka, India. The company works in chit fund, within the financial services industry. It was incorporated on 16 December 2019 (7+ years old) and is registered under CIN U65992KA2019PTC130682.

Nityotsava Chit Fund reported revenue of ₹40.84 Lakh for FY 2022 (up 213% YoY).

Nityotsava Chit Fund has 2 current directors:

Nityotsava Chit Fund reported a net profit of ₹6.81 Lakh (net margin 16.7%) and EBITDA of ₹10.98 Lakh (EBITDA margin 26.9%) for FY 2022, as per its filed financial statements.

The GSTIN of Nityotsava Chit Fund is 29AAGCN7975E1ZX, registered in Karnataka.

The CIN (Corporate Identification Number) of Nityotsava Chit Fund is U65992KA2019PTC130682. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Nityotsava Chit Fund has 12 court cases on record: 12 filed by the company. 11 are pending.

Nityotsava Chit Fund was incorporated on 16 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.

The peers of Nityotsava Chit Fund by revenue are Saisahara Vyapaar Private Limited, Aditya Fincom Private Limited, V and V Fine Tex Private Limited, Futurevest Capsol Private Limited, Mahadev Financial Services Private Limited and 5 more, all in the same principal business activity (Other financial activities).

Arpitha Kumaranaik Naik was appointed as Director on 16 Dec 2019. Ramesh Naik Muchal was appointed as Director on 16 Dec 2019.

The registered office of Nityotsava Chit Fund is at H No – 21621779 Ward No – 8 Kagtoor Road Channagiri Taluk, Karnataka, India – 577213.

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