Oneness Chit Funds Private Limited
About Oneness Chit Funds Private Limited
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Oneness Chit Funds Private Limited is a private limited company based in Belgaum, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 18 October 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2010PTC055519. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors including Appasaheb Kashagoud Desai (Managing Director) and Ashish Appasaheb Desai.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Plot No 6538 Basava Gurukul Anjaney Nagar Double Road, Belgaum, Karnataka, India – 590016.
As per the financials filed for FY 2019, the company reported a revenue of ₹18.41 Lakh. For the same year it recorded a net profit of ₹5.66 Lakh (net margin 30.7%) and EBITDA of ₹5.66 Lakh (EBITDA margin 30.7%). Revenue has declined at a compounded annual rate (CAGR) of 50% over three years and 35% over five years.
As per MCA filings, the company has open charges of ₹1.96 Cr on record. Court records list 632 cases involving the company, including 556 filed by the company and 76 filed against it; 58 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Oneness Chit Funds Private Limited's registered office is in Belgaum, Karnataka.
- Registered AddressPlot No 6538 Basava Gurukul Anjaney Nagar Double Road, Belgaum, Karnataka, India – 590016
- IndustryFinancial Services, Financial Activities
- 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 Oneness Chit Funds 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 Oneness Chit Funds Private Limited, buy the company report.
Financials of Oneness Chit Funds Private Limited
FY 2019 filings availableOneness Chit Funds Private Limited reported revenue of ₹18.41 Lakh for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 35% over five years. EBITDA rose 232% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹5.66 Lakh | ||||
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| Net Profit (PAT) | ₹5.66 Lakh | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | |||||
| EBITDA Margin | 30.7% | ||||
| Net Profit Margin | 30.7% | ||||
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To see the full financial statements and ratios of Oneness Chit Funds Private Limited, buy the company report.
Board of directors of Oneness Chit Funds Private Limited
Oneness Chit Funds has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Appasaheb Kashagoud Desai | Managing Director | 18 Oct 2010 | 16 Years 0 Months | Current |
| Ashish Appasaheb Desai | Director | 04 Nov 2020 | 5 Years 11 Months | Current |
| Geeta Appasaheb Desai | Director | 15 Feb 2011 | 15 Years 8 Months | Current |
Peer comparison
Oneness Chit Funds Private Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (Chit Funds, 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 |
|---|---|---|---|---|---|---|
| Trichy Sri Aishwarya Chits Private Limited | ₹18.55 Lakh (FY 2025) | -4.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Tiruchy Sathya Chits Private Limited | ₹18.54 Lakh (FY 2025) | -5.0% | Tiruchirappalli, Tamil Nadu, India | |||
| K.R. Nidhi Limited | ₹18.47 Lakh (FY 2024) | 4.0% | Panchayathu, Kerala, India | |||
| Oneness Chit Funds Private Limitedthis company | ₹18.41 Lakh (FY 2019) | ₹5.66 Lakh | 30.7% | Belgaum, Karnataka, India | ||
| Sun Star Chit Funds Private Limited | ₹18.37 Lakh (FY 2025) | -31.0% | Vallioor, Tamil Nadu, India | |||
| Sachidanand Chits Private Limited | ₹18.37 Lakh (FY 2025) | -6.0% | Haryana, India | |||
| Mattakuzhi Sree Mahadeva Chit Funds Private Limited | ₹18.28 Lakh (FY 2025) | -3.0% | Ernakulam, Kerala, India | |||
| Ainthinai Chit Funds Private Limited | ₹18.26 Lakh (FY 2024) | 19.0% | Madurai, Tamil Nadu, India |
To see the full peer comparison of Oneness Chit Funds Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Dec 2014 | 10592007 | Oneness Urban Credit Souhard Sahakari Limited | ₹1.85 Cr | Open | |
| 21 Oct 2013 | 10457495 | The Karur Vysya Bank Limited | ₹11 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Oneness Chit Funds Private Limited has 632 court cases on record: 556 filed by Oneness Chit Funds, 76 filed against it. 58 cases are pending and 574 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 614 | 61 | 56 |
| High courts | 18 | 15 | 2 |
Cases on record (5 of 632)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed against the company by M/S. Rahul Bar, A Registred Partnership Firm, Under the Indian Partnership Act, 1932, R/By Its Part | Pending |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed against the company by M/S. Rahul Bar,A Registered Partnership Firm,Under the Indian Partnership Act,1932,R/By Its Partner | Pending |
| District court, BELAGAVI, Karnataka | Court case (I.C.) | Filed against the company by an individual | Pending |
| District court, BELAGAVI, Karnataka | Execution petition | Filed against the company by an individual | Pending |
To see the full case history of Oneness Chit Funds 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 Oneness Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Oneness Chit Funds has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Oneness Chit Funds Private Limited, buy the company report.
Recent activity
Oneness Chit Funds Private Limited has 5 board changes on record since 2010: 3 appointments and 2 cessations. The latest: Ashish Appasaheb Desai was appointed as Director on 04 Nov 2020.
Frequently asked questions
Oneness Chit Funds is an active private limited company based in Belgaum, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 18 October 2010 (16+ years old) and is registered under CIN U65992KA2010PTC055519.
Oneness Chit Funds has 3 current directors:
- Appasaheb Kashagoud Desai - Managing Director
- Ashish Appasaheb Desai - Director
- Geeta Appasaheb Desai - Director
The latest financial statements of Oneness Chit Funds on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Oneness Chit Funds has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Oneness Chit Funds is U65992KA2010PTC055519. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Oneness Chit Funds has 632 court cases on record: 556 filed by the company and 76 filed against it. 58 are pending. Most are in the district courts.
Oneness Chit Funds was incorporated on 18 October 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Oneness Chit Funds by revenue are Trichy Sri Aishwarya Chits Private Limited, Tiruchy Sathya Chits Private Limited, K.R. Nidhi Limited, Sun Star Chit Funds Private Limited, Sachidanand Chits Private Limited and 2 more, all in the BFSI industry (Chit Funds, Micro Finance), with the same principal business activity (other financial activities).
Ashish Appasaheb Desai was appointed as Director on 04 Nov 2020. Appasaheb Kashagoud Desai ceased to be Director on 01 Apr 2012. Gopal Hanamantasa Mirajkar ceased to be Director on 25 Mar 2011. Oneness Chit Funds has 5 board changes on record in total.
The registered office of Oneness Chit Funds is at Plot No 6538 Basava Gurukul Anjaney Nagar Double Road, Belgaum, Karnataka, India – 590016.
Oneness Chit Funds operates in the financial services industry, in the financial activities segment.