Parashuram Chits Private Limited
About Parashuram Chits Private Limited
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Parashuram Chits Private Limited is a private limited company based in Ranebennur, Karnataka, India. It operates in the financial auxiliary services segment of the financial services sector. It was incorporated on 27 June 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U67190KA2018PTC114317. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Hemachandra Chandrashekharappa Hamagi and Parashuram Chandrashekharappa Hammagi.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 3108/ 1B Kurubarakeri Cross P.B Road Ranebennur, Karnataka, India – 581115.
As per the financials filed for FY 2020, the company reported a revenue of ₹6.69 Lakh, a growth of 148% compared to the previous year. For the same year it recorded a net profit of ₹46,693 (net margin 7%) and EBITDA of -₹78,460 (EBITDA margin -11.7%).
Company details
Contact details
Parashuram Chits Private Limited's registered office is in Ranebennur, Karnataka. Its e-mail address is in the company report.
- Email
- Registered Address3108/ 1B Kurubarakeri Cross P.B Road Ranebennur, Karnataka, India – 581115
- IndustryFinancial Services, Auxiliary To Financial Intermediatory
To see the full contact details of Parashuram 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 Parashuram 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 Parashuram Chits Private Limited, buy the company report.
Financials of Parashuram Chits Private Limited
FY 2022 filings availableParashuram Chits Private Limited reported revenue of ₹6.69 Lakh (up 148% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 148% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹6.69 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹78,460 | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹46,693 | |
| 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 | ||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -11.7% | |
| Net Profit Margin | 7% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
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| Efficiency and Growth | ||
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| Receivable Days | ||
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| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Parashuram Chits Private Limited, buy the company report.
Board of directors of Parashuram Chits Private Limited
Parashuram Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hemachandra Chandrashekharappa Hamagi | Director | 27 Jun 2018 | 8 Years 4 Months | Current |
| Parashuram Chandrashekharappa Hammagi | Director | 27 Jun 2018 | 8 Years 4 Months | Current |
Legal cases
No court or tribunal cases involving Parashuram 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 Parashuram Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Parashuram Chits has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Parashuram Chits Private Limited, buy the company report.
Recent activity
Parashuram Chits Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Hemachandra Chandrashekharappa Hamagi was appointed as Director on 27 Jun 2018.
Frequently asked questions
Parashuram Chits is an active private limited company based in Ranebennur, Karnataka, India. The company works in auxiliary to financial intermediatory, within the financial services industry. It was incorporated on 27 June 2018 (8+ years old) and is registered under CIN U67190KA2018PTC114317.
Parashuram Chits has 2 current directors:
- Hemachandra Chandrashekharappa Hamagi - Director
- Parashuram Chandrashekharappa Hammagi - Director
The latest financial statements of Parashuram Chits on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2019 are in the company report.
No. Parashuram Chits has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Parashuram Chits is U67190KA2018PTC114317. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Parashuram Chits was incorporated on 27 June 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Hemachandra Chandrashekharappa Hamagi was appointed as Director on 27 Jun 2018. Parashuram Chandrashekharappa Hammagi was appointed as Director on 27 Jun 2018.
The registered office of Parashuram Chits is at 3108 1B Kurubarakeri Cross P.B Road Ranebennur, Karnataka, India – 581115.
Parashuram Chits operates in the financial services industry, in the auxiliary to financial intermediatory segment.
Parashuram Chits can be reached at its registered office: 3108 1B Kurubarakeri Cross P.B Road Ranebennur, Karnataka, India – 581115.