MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0250080
Pratyaksha Chits Private Limited
Pratyaksha Chits Private Limited - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹91.33 Lakh
▲ 14.63% YoY
Net profit · FY 2024
₹6.37 Lakh
Net margin 7%
EBITDA · FY 2024
₹30.16 Lakh
EBITDA margin 33%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹67.74 Lakh
Secured borrowings
Company age
10 yrs
Est. 2016
Directors on board
2
As per MCA filings
About Pratyaksha Chits Private Limited
Data last updated:
Pratyaksha Chits Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 04 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2016PTC092881. Its GSTIN is 29AAICP5688G1ZR (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Gubbi Mahadevappa Punitha and Ramachandra Honnaswamaiah.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹91.33 Lakh. For the same year it recorded a net profit of ₹6.37 Lakh (net margin 7%) and EBITDA of ₹30.16 Lakh (EBITDA margin 33%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 2% over five years.
As per MCA filings, the company has open charges of ₹67.74 Lakh on record.
Pratyaksha Chits Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0250080). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Pratyaksha Chits Private Limited
CIN U74999KA2016PTC092881
Registration Number 092881
Incorporation Date 04 May 2016
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0250080
Recognitions & Rankings of Pratyaksha Chits
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressAkshaya No. 114 4th Main Road Rhcs Road 1st Cross, Chandrshekr Layout Sriganda Kaval, Bangalore, Karnataka, India – 560091
- IndustryFinancial Services, Microfinance Institutions
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Business Activity of Pratyaksha Chits Private Limited
The main business activity of Pratyaksha Chits is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
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Financials of Pratyaksha Chits Private Limited FY 2024 filings available
Pratyaksha Chits Private Limited reported revenue of ₹91.33 Lakh for FY 2024.
Revenue · FY 2024
₹91.33 Lakh
Net profit · FY 2024
₹6.37 Lakh margin 7%
EBITDA · FY 2024
₹30.16 Lakh margin 33%
Compounded Annual Growth Rate (CAGR) of Pratyaksha Chits Private Limited
Revenue CAGR growth
3 years · compounded
▲ 17%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▼ 14%
3 years · compounded
▲ 97%
5 years · compounded
▲ 3%
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years. EBITDA fell 14% 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 of Pratyaksha Chits Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹30.16 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.37 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 of Pratyaksha Chits Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 33% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7% | •••• | •••• | •••• | •••• |
| 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 Pratyaksha Chits are in the company report.
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Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
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Board of Directors of Pratyaksha Chits Private Limited
Pratyaksha Chits has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gubbi Mahadevappa Punitha | Director | 04 May 2016 | 10 Years 5 Months | Current |
| Ramachandra Honnaswamaiah Also directs: Shashvath Chits Private Limited | Director | 31 Dec 2020 | 5 Years 9 Months | Current |
Peer Comparison of Pratyaksha Chits Private Limited
Pratyaksha Chits Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Micro Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Samadhan Microcredit Private Limited | ₹92.47 Lakh (FY 2024) | •••• | •••• | •••• | Nandganj, Uttar Pradesh, India | |
| S.K.G Chits Private Limited | ₹91.96 Lakh (FY 2025) | •••• | •••• | -1.0% | •••• | Hyderabad, Telangana, India |
| Sahyog Megachits Private Limited | ₹91.91 Lakh (FY 2024) | •••• | •••• | 18.0% | •••• | Kundli, Haryana, India |
| Shree Jai Mathaa Chits Private Limited | ₹91.71 Lakh (FY 2017) | •••• | •••• | 10.0% | •••• | Bangalore, Karnataka, India |
| Calicut Nidhi Limited | ₹91.44 Lakh (FY 2024) | •••• | •••• | 57.0% | •••• | Kozhikode, Kerala, India |
| Pratyaksha Chits Private Limited this company | ₹91.33 Lakh (FY 2024) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Vazhakulam Chits Private Limited | ₹91.19 Lakh (FY 2024) | •••• | •••• | 33.0% | •••• | Vazhakulam, Kerala, India |
| Shree Hazoor Sahib Chits Private Limited | ₹90.99 Lakh (FY 2025) | •••• | •••• | -3.0% | •••• | Delhi, India |
| Jwalaji Chit Fund Private Limited | ₹90.46 Lakh (FY 2025) | •••• | •••• | 2.0% | •••• | Haryana, India |
| R K Rudra Chit Fund Private Limited | ₹90.43 Lakh (FY 2025) | •••• | •••• | 15.0% | •••• | Hyderabad, Telangana, India |
| Sas Chits Private Limited | ₹90.31 Lakh (FY 2025) | •••• | •••• | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Pratyaksha Chits by revenue in the BFSI industry (Micro Finance), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Pratyaksha Chits Private Limited
Pratyaksha Chits Private Limited is audited by S R & M R ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S R & M R ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Pratyaksha Chits Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
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Charges & Borrowings of Pratyaksha Chits Private Limited
Open charges
₹67.74 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Mar 2023 | Hdfc Bank Limited | ₹24.74 Lakh | Open |
| 20 Jul 2018 | Lakshmi Vilas Bank Limited | ₹36 Lakh | Open |
| 24 Aug 2017 | Others | ₹7 Lakh | Open |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Pratyaksha Chits Private Limited
Employment history and EPFO contributions of people linked to Pratyaksha Chits.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Verified entity values are shown only after access is granted.
Recent Activity on Pratyaksha Chits Private Limited
Pratyaksha Chits Private Limited has 3 board changes on record since 2016: 2 appointments and 1 cessation. The latest: Mahadevappa Gubbi Shivanna ceased to be Director on 09 Jan 2021.
AGM
Pratyaksha Chits Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Pratyaksha Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 24.74 Lakh with Charge ID 100717451 was registered on 21 Mar 2023.
Ceased
Mahadevappa Gubbi Shivanna ceased to be Director.
Appointed
Ramachandra Honnaswamaiah was appointed as Director.
Charges
A charge with Lakshmi Vilas Bank Limited of Rs. 36.00 Lakh registered on 20 Jul 2018 with Charge ID 100203004 was modified on 28 Jan 2020.
Charges
A charge with Lakshmi Vilas Bank Limited amounted to Rs. 36.00 Lakh with Charge ID 100203004 was registered on 20 Jul 2018.
Charges
A charge with Others amounted to Rs. 7.00 Lakh with Charge ID 100173293 was registered on 24 Aug 2017.
Appointed
Gubbi Mahadevappa Punitha was appointed as Director.
Incorporation
04 May 2016
Pratyaksha Chits Private Limited was registered on 04 May 2016 with Roc Bangalore & aged 10 years 5 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Pratyaksha Chits Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Pratyaksha Chits Private Limited
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MSME payment history
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Subsidiaries & Group Companies of Pratyaksha Chits Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Pratyaksha Chits Private Limited
Pratyaksha Chits has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICP5688G1ZR | Karnataka | Active | 01 Jul 2017 |
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MCA Filings & Documents of Pratyaksha Chits Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Pratyaksha Chits Private Limited
Pratyaksha Chits is an active private limited company based in Bangalore, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 04 May 2016 (10+ years old) and is registered under CIN U74999KA2016PTC092881.
Pratyaksha Chits reported revenue of ₹91.33 Lakh for FY 2024.
Pratyaksha Chits has 2 current directors:
- Gubbi Mahadevappa Punitha - Director
- Ramachandra Honnaswamaiah - Director
Pratyaksha Chits reported a net profit of ₹6.37 Lakh (net margin 7%) and EBITDA of ₹30.16 Lakh (EBITDA margin 33%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Pratyaksha Chits is 17% over three years and 2% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Pratyaksha Chits is 29AAICP5688G1ZR, registered in Karnataka.
The CIN (Corporate Identification Number) of Pratyaksha Chits is U74999KA2016PTC092881. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pratyaksha Chits was incorporated on 04 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Pratyaksha Chits by revenue are Samadhan Microcredit Private Limited, S.K.G Chits Private Limited, Sahyog Megachits Private Limited, Shree Jai Mathaa Chits Private Limited, Calicut Nidhi Limited and 5 more, all in the BFSI industry (Micro Finance).
Mahadevappa Gubbi Shivanna ceased to be Director on 09 Jan 2021. Ramachandra Honnaswamaiah was appointed as Director on 31 Dec 2020. Gubbi Mahadevappa Punitha was appointed as Director on 04 May 2016.
Yes, Pratyaksha Chits is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0250080).