Prasiddhi Chit Funds Private Limited
About Prasiddhi Chit Funds Private Limited
Data last updated:
Prasiddhi Chit Funds Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 04 August 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2006PTC040141. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹18 Lakh and a paid-up capital of ₹18 Lakh. It is led by directors including Nirupa Mahesh and Ravi Kumar.
Its last annual general meeting (AGM) was held on 30 September 2014, and its latest financial statements are for the year ended 31 March 2014. The registered office is at No. 19 Asheerwad Malleswaram 4th Cross, Bangalore, Karnataka, India – 560003.
As per MCA filings, the company has open charges of ₹10 Lakh on record. Court records list 74 cases involving the company, including 39 filed by the company and 32 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
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- Registered AddressNo. 19 Asheerwad Malleswaram 4th Cross, Bangalore, Karnataka, India – 560003
- IndustryFinancial Services, Other Financial Intermediation, Kuri Companies, Chit Fund
- 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
- One PDF report, delivered after checkout
Financials of Prasiddhi Chit Funds Private Limited FY 2014 filings available
Financial Statement Summary of Prasiddhi Chit Funds Private Limited
| Metrics | FY 2013-14 |
|---|---|
| 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 | •••• |
| Profit Before Tax | •••• |
| Tax Expense | •••• |
| Net Profit (PAT) | •••• |
| 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 Prasiddhi Chit Funds Private Limited
| Metrics | FY 2013-14 |
|---|---|
| Profitability | |
| EBITDA Margin | •••• |
| Net Profit Margin | •••• |
| 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 Prasiddhi Chit Funds are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Prasiddhi Chit Funds Private Limited
Prasiddhi 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 |
|---|---|---|---|---|
| Nirupa Mahesh | Director | 05 Sep 2008 | 18 Years 1 Months | Current |
| Ravi Kumar | Director | 12 Feb 2009 | 17 Years 7 Months | Current |
| Srinivasamurthy Mahesh | Director | 04 Aug 2006 | 20 Years 2 Months | Current |
Charges & Borrowings of Prasiddhi Chit Funds Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Sep 2010 | The Lakshmi Vilas Bank Limited | ₹10 Lakh | Open |
Total charge records: 1 View all charges
Legal Cases of Prasiddhi Chit Funds Private Limited
Prasiddhi Chit Funds Private Limited has 74 court cases on record: 39 filed by Prasiddhi Chit Funds, 32 filed against it, 3 where it is another party. All cases are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 71 | 32 | 0 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 74)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Musicmuni Labs Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Musicmuni Labs Private Limited | Disposed |
| High Court of Karnataka | Court case (CRL.P) | Filed by the company against State of Karnataka | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by an individual | Disposed |
| High Court of Karnataka | Writ petition | Company is another party | Disposed |
Full case history
All 74 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Prasiddhi Chit Funds Private Limited
Employment history and EPFO contributions of people linked to Prasiddhi Chit Funds.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Prasiddhi Chit Funds Private Limited
Prasiddhi Chit Funds Private Limited has 5 board changes on record since 2006: 3 appointments and 2 cessations. The latest: Ravi Kumar ceased to be Director on 13 Mar 2017.
Credit Ratings, Litigation & Regulatory Alerts for Prasiddhi Chit Funds Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Prasiddhi Chit Funds Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Prasiddhi Chit Funds Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Prasiddhi Chit Funds Private Limited
Prasiddhi Chit Funds has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Prasiddhi Chit Funds Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Prasiddhi Chit Funds Private Limited
Prasiddhi Chit Funds is an active private limited company based in Bangalore, Karnataka, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 04 August 2006 (20+ years old) and is registered under CIN U65992KA2006PTC040141.
Prasiddhi Chit Funds has 3 current directors:
- Nirupa Mahesh - Director
- Ravi Kumar - Director
- Srinivasamurthy Mahesh - Director
No. Prasiddhi Chit Funds has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Prasiddhi Chit Funds is U65992KA2006PTC040141. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prasiddhi Chit Funds has 74 court cases on record: 39 filed by the company and 32 filed against it. Most are in the district courts.
Prasiddhi Chit Funds was incorporated on 04 August 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
Ravi Kumar ceased to be Director on 13 Mar 2017. Mohan Manjunatha Nayak ceased to be Director on 31 Dec 2014. Ravi Kumar was appointed as Director on 12 Feb 2009. Prasiddhi Chit Funds has 5 board changes on record in total.
The registered office of Prasiddhi Chit Funds is at No. 19 Asheerwad Malleswaram 4th Cross, Bangalore, Karnataka, India – 560003.
Prasiddhi Chit Funds has an authorised share capital of ₹18 Lakh and a paid-up capital of ₹18 Lakh.
Prasiddhi Chit Funds operates in the financial services industry, in the other financial intermediation segment.