Rise Chits Private Limited
About Rise Chits Private Limited
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Rise Chits Private Limited is a private limited company based in Sindhanur, Karnataka, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 04 July 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2019PTC125869. Its GSTIN is 29AAJCR6905M1ZP (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Rajashekar and Nirmala Malipatil.
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 Cmc No 6 – 1 – 2471/1 Urbania Complex I Floor A K Gopal Nagar Gangavathi Road, Sindhanur, Karnataka, India – 584128.
As per the financials filed for FY 2020, the company reported a revenue of ₹25,000. For the same year it recorded a net loss of ₹1.75 Lakh and EBITDA of -₹1.44 Lakh.
Company details
Contact details
Rise Chits Private Limited's registered office is in Sindhanur, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressCmc No 6 – 1 – 2471/1 Urbania Complex I Floor A K Gopal Nagar Gangavathi Road, Sindhanur, Karnataka, India – 584128
- IndustryFinancial Services, Other Financial Intermediation, Kuri Companies, Chit Fund
To see the full contact details of Rise 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 Rise 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 Rise Chits Private Limited, buy the company report.
Financials of Rise Chits Private Limited
FY 2024 filings availableRise Chits Private Limited reported revenue of ₹25,000 for FY 2020.
Financial Statement Summary
| Metrics | FY 2019-20 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | ₹25,000 |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹1.44 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹1.75 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 2019-20 |
|---|---|
| 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 | |
To see the full financial statements and ratios of Rise Chits Private Limited, buy the company report.
Board of directors of Rise Chits Private Limited
Rise Chits has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajashekar Also directs: Firststep Chits Private Limited, Kalyana Sindhu Association | Director | 04 Jul 2019 | 7 Years 4 Months | Current |
| Nirmala Malipatil | Director | 04 Jul 2019 | 7 Years 4 Months | Current |
| Swathi Dutta | Director | 04 Jul 2019 | 7 Years 4 Months | Current |
Peer comparison
Rise Chits 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 |
|---|---|---|---|---|---|---|
| Rise Chits Private Limitedthis company | ₹25,000 (FY 2020) | -₹1.75 Lakh | Sindhanur, Karnataka, India | |||
| Astabhuja Merchants Private Limited | ₹25,000 (FY 2025) | -90.0% | Kolkata, West Bengal, India | |||
| Petals Tradelink Private Limited | ₹25,000 (FY 2025) | Kolkata, West Bengal, India | ||||
| JMJ Plus Finserv Private Limited | ₹25,000 (FY 2025) | -29.0% | Thrissur, Kerala, India | |||
| Balaji Assets Reconstruction Company Limited | ₹25,000 (FY 2024) | -83.0% | Delhi, India | |||
| Blue Mountain Chits Private Limited | ₹25,000 (FY 2022) | -98.0% | Chennai, Tamil Nadu, India | |||
| Varma Investments and Finance Pvt Ltd | ₹24,994 (FY 2020) | -62.0% | Kochi, Kerala, India | |||
| Tirubala Constructions Private Limited | ₹24,973 (FY 2023) | 3.0% | Kolkata, West Bengal, India | |||
| Sethi Oil Field & Services Private Limited | ₹24,973 (FY 2025) | 25.0% | Kolkata, West Bengal, India | |||
| Fatak Nidhi Limited | ₹24,930 (FY 2020) | Mumbai, Maharashtra, India | ||||
| Shri Sharadhamba Nidhi Limited | ₹24,917 (FY 2020) | -50.0% | Davanagere, Karnataka, India |
To see the full peer comparison of Rise Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Rise 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 Rise Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rise Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCR6905M1ZP | Karnataka | Active | 17 Apr 2021 |
To see the full GST registrations and return filing status of Rise Chits Private Limited, buy the company report.
Recent activity
Rise Chits Private Limited has 5 board changes on record since 2019: 4 appointments and 1 cessation. The latest: Shankar Dutt ceased to be Director on 14 Nov 2024.
Frequently asked questions
Rise Chits is an active private limited company based in Sindhanur, Karnataka, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 04 July 2019 (7+ years old) and is registered under CIN U65992KA2019PTC125869.
Rise Chits has 3 current directors:
- Rajashekar - Director
- Nirmala Malipatil - Director
- Swathi Dutta - Director
The latest financial statements of Rise Chits on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Rise Chits is 29AAJCR6905M1ZP, registered in Karnataka.
The CIN (Corporate Identification Number) of Rise Chits is U65992KA2019PTC125869. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rise Chits was incorporated on 04 July 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Rise Chits by revenue are Astabhuja Merchants Private Limited, Petals Tradelink Private Limited, JMJ Plus Finserv Private Limited, Balaji Assets Reconstruction Company Limited, Blue Mountain Chits Private Limited and 5 more, all in the same principal business activity (other financial activities).
Shankar Dutt ceased to be Director on 14 Nov 2024. Nirmala Malipatil was appointed as Director on 04 Jul 2019. Rajashekar was appointed as Director on 04 Jul 2019. Rise Chits has 5 board changes on record in total.
The registered office of Rise Chits is at Cmc No 6 – 1 – 24711 Urbania Complex I Floor A K Gopal Nagar Gangavathi Road, Sindhanur, Karnataka, India – 584128.
Rise Chits operates in the financial services industry, in the other financial intermediation segment.
Rise Chits can be reached at its registered office: Cmc No 6 – 1 – 24711 Urbania Complex I Floor A K Gopal Nagar Gangavathi Road, Sindhanur, Karnataka, India – 584128.
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