Patel Islamic Chit Funds (Belgaum) Private Limited - Company Profile

It is a financial services private limited company based in Belgaum, Karnataka, India, established in 2019.

2019 Belgaum, Karnataka, India Active

Last Updated: December 24, 2025

About Patel Islamic Chit Funds (Belgaum) Private Limited

Patel Islamic Chit Funds (Belgaum) Private Limited, a active private limited company, was established on 14 March 2019 in Belgaum, Karnataka, India. Engaging in other financial intermediation within the financial services sector, it holds CIN: U65990KA2019PTC122367. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹1.00 M and a paid-up capital of ₹0.10 M.

Its leadership includes Mohammed Shafi Mohammed Yusuf Patel (Managing Director), Toufiq Mohammed Yusuf Patel (Director). It is based at Asad Khan Society, Veerbhadra Nagar,, Belgaum, Karnataka, 590016.

Company Details

CIN/LLPIN
U65990KA2019PTC122367
Registration Number
122367
Incorporation Date
14 March 2019
Authorized Capital
₹1.00 M
Paid-Up Capital
₹0.10 M
ROC Code
Roc Bangalore
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 1.00 M as on 24-12-2025
Paid Up Capital ₹ 0.10 M as on 24-12-2025
Company Age 6 Year, 11 Months

Comprehensive Company Insights

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Who are the key members and board of directors at Patel Islamic Chit Funds (Belgaum) Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Mohammed Shafi Mohammed Yusuf Patel	Managing Director	14 Mar 2019	Current
Toufiq Mohammed Yusuf Patel	Director	14 Mar 2019	Current

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Financial Performance of Patel Islamic Chit Funds (Belgaum).

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Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

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What is the Ownership and Shareholding Structure of Patel Islamic Chit Funds (Belgaum)?

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Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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How Many Employees Work at Patel Islamic Chit Funds (Belgaum)?

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Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

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Rating

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Alerts

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Latest Updates, News, and FAQs on Patel Islamic Chit Funds (Belgaum)

Recent Activity within the Organization

Director Appointment

The activity Mohammed Shafi Mohammed Yusuf Patel was appointed as a Managing Director was appointed as a Managing Director on 14 Mar 2019 & has been associated with this company since 6 years 11 months . was completed.
14 Mar 2019
Director Appointment

The activity Toufiq Mohammed Yusuf Patel was appointed as a Director was appointed as a Director on 14 Mar 2019 & has been associated with this company since 6 years 11 months . was completed.
14 Mar 2019
Company Incorporation

The activity Patel Islamic Chit Funds (Belgaum) Private Limited was registered on 14 Mar 2019 with Roc Bangalore & aged 6 years 11 months as per MCA records. was completed.
14 Mar 2019

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Frequently Asked Questions

What is the CIN of Patel Islamic Chit Funds (Belgaum) Private Limited?

The CIN of Patel Islamic Chit Funds (Belgaum) Private Limited is U65990KA2019PTC122367.

Where is Patel Islamic Chit Funds (Belgaum) Private Limited headquartered?

Patel Islamic Chit Funds (Belgaum) Private Limited is headquartered at Asad Khan Society, Veerbhadra Nagar,, Belgaum, Karnataka, 590016.

When was Patel Islamic Chit Funds (Belgaum) Private Limited incorporated?

Patel Islamic Chit Funds (Belgaum) Private Limited was incorporated on 14 March 2019.

Who are the current directors of Patel Islamic Chit Funds (Belgaum) Private Limited?

The current directors of Patel Islamic Chit Funds (Belgaum) Private Limited are

What is the primary industry of Patel Islamic Chit Funds (Belgaum) Private Limited?

The primary industry of Patel Islamic Chit Funds (Belgaum) Private Limited is Financial Services.

Is Patel Islamic Chit Funds (Belgaum) Private Limited a listed company?

Patel Islamic Chit Funds (Belgaum) Private Limited is unlisted.

What is the capital structure of Patel Islamic Chit Funds (Belgaum) Private Limited?

The authorized capital of Patel Islamic Chit Funds (Belgaum) Private Limited is ₹1.00 M, and the paid-up capital is ₹0.10 M.

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