Prajwal Chit Fund Private Limited
About Prajwal Chit Fund Private Limited
Data last updated:
Prajwal Chit Fund Private Limited was a private limited company based in Ilkal, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the financial services and investment segment of the financial services sector. It was incorporated on 11 December 2008.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2008PTC048580.
The company had an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Mahantesh Shivashankarappa Samalad and Mohan Yamanappa Marol.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Cts No. 908/II Magi Complex Narayan Talkies Road, Ilkal, Karnataka, India – 587125.
As per the financials filed for FY 2018, the company reported a revenue of ₹75,381, a decline of 51% compared to the previous year. For the same year it recorded a net loss of ₹1.5 Lakh (net margin -199.4%) and EBITDA of -₹1.47 Lakh (EBITDA margin -195.1%). Revenue has declined at a compounded annual rate (CAGR) of 37% over three years.
Company details
Contact details
Prajwal Chit Fund Private Limited's registered office is in Ilkal, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressCts No. 908/II Magi Complex Narayan Talkies Road, Ilkal, Karnataka, India – 587125
- IndustryFinancial Services, Financial Activities
To see the full contact details of Prajwal Chit Fund 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 Prajwal Chit Fund 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 Prajwal Chit Fund Private Limited, buy the company report.
Financials of Prajwal Chit Fund Private Limited
FY 2018 filings availablePrajwal Chit Fund Private Limited reported revenue of ₹75,381 (down 51% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 37% over three years, including a 51% fall 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| 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 | -₹1.47 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.5 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -195.1% | |||
| Net Profit Margin | -199.4% | |||
| 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 | ||||
To see the full financial statements and ratios of Prajwal Chit Fund Private Limited, buy the company report.
Board of directors of Prajwal Chit Fund Private Limited
Prajwal Chit Fund has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahantesh Shivashankarappa Samalad | Director | 11 Dec 2008 | 17 Years 10 Months | As last reported |
| Mohan Yamanappa Marol | Director | 11 Dec 2008 | 17 Years 10 Months | As last reported |
Peer comparison
Prajwal Chit Fund Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Bintex Exports Private Ltd. | ₹75,575 (FY 2016) | -95.0% | New Delhi, Delhi, India | |||
| Hare Krishna Finsec Private Limited | ₹75,560 (FY 2024) | 2.0% | New Delhi, Delhi, India | |||
| Ahoran Nidhi Limited | ₹75,480 (FY 2025) | -28.0% | Kolkata, West Bengal, India | |||
| Jswin Nidhi Limited | ₹75,468 (FY 2022) | 171.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Pushplata Securities Private Limited | ₹75,443 (FY 2019) | 1.0% | Jaipur, Rajasthan, India | |||
| Prajwal Chit Fund Private Limitedthis company | ₹75,381 (FY 2018) | -₹1.5 Lakh | -199.4% | -51.0% | Ilkal, Karnataka, India | |
| Saurav Forex Private Limited | ₹75,380 (FY 2016) | Amritsar, Punjab, India | ||||
| Sahil Precisions Private Limited | ₹75,312 (FY 2024) | -48.0% | Himachal Pradesh, India | |||
| Digi-Finmart Private Limited | ₹75,230 (FY 2024) | Rajkot, Gujarat, India | ||||
| Achievum Value Creators Private Limited | ₹75,182 (FY 2025) | -96.0% | Mumbai, Maharashtra, India | |||
| Rnkrishnaswayam Micro Foundation | ₹75,144 (FY 2024) | 21.0% | Chunar, Uttar Pradesh, India |
To see the full peer comparison of Prajwal Chit Fund Private Limited, buy the company report.
Auditor
Prajwal Chit Fund Private Limited is audited by CA SACHEEN K PATIL for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CA SACHEEN K PATIL | FY 2017 | 223420 |
Shareholding
The shareholding of Prajwal Chit Fund Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Prajwal Chit Fund Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Prajwal Chit Fund 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 Prajwal Chit Fund Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Prajwal Chit Fund Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Prajwal Chit Fund Private Limited has 2 board changes on record since 2008: 2 appointments. The latest: Mahantesh Shivashankarappa Samalad was appointed as Director on 11 Dec 2008.
Frequently asked questions
Prajwal Chit Fund has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Prajwal Chit Fund was a private limited company based in Ilkal, Karnataka, India. The company worked in financial activities, within the financial services industry. It was incorporated on 11 December 2008 and is registered under CIN U65992KA2008PTC048580. The company has been struck off by the Registrar of Companies and is no longer operational.
Prajwal Chit Fund had 2 directors:
- Mahantesh Shivashankarappa Samalad - Director
- Mohan Yamanappa Marol - Director
The CIN (Corporate Identification Number) of Prajwal Chit Fund is U65992KA2008PTC048580. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Prajwal Chit Fund is at Cts No. 908II Magi Complex Narayan Talkies Road, Ilkal, Karnataka, India – 587125.
Prajwal Chit Fund was incorporated on 11 December 2008. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of Prajwal Chit Fund on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
Prajwal Chit Fund operated in the financial services industry, in the financial activities segment. It worked in this industry before it was struck off.
The peers of Prajwal Chit Fund by revenue are Bintex Exports Private Ltd, Hare Krishna Finsec Private Limited, Ahoran Nidhi Limited, Jswin Nidhi Limited, Pushplata Securities Private Limited and 5 more, all in the same principal business activity (other financial activities).
Mahantesh Shivashankarappa Samalad was appointed as Director on 11 Dec 2008. Mohan Yamanappa Marol was appointed as Director on 11 Dec 2008.
The compliance status of Prajwal Chit Fund is active non-compliant as of 20 August 2026.