Sagar Chits (Visakha) Private Limited
About Sagar Chits (Visakha) Private Limited
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Sagar Chits (Visakha) Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 30 September 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U65992AP2009PTC065230. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Usha Rani Bammidi and Pamula Ramesh.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at H.No.9 – 9 – 10/4/1 Near Kalabharathi Mangapuram Colony, Visakhapatnam, Andhra Pradesh, India – 530003.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.39 Lakh, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹1.04 Lakh (net margin 6.7%) and EBITDA of ₹2.79 Lakh (EBITDA margin 18.2%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 7% over five years.
As per MCA filings, the company has open charges of ₹15 Lakh on record. Court records list 7 cases involving the company, including 7 filed by the company; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Sagar Chits (Visakha) Private Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its e-mail address is in the company report.
- Email
- Registered AddressH.No.9 – 9 – 10/4/1 Near Kalabharathi Mangapuram Colony, Visakhapatnam, Andhra Pradesh, India – 530003
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Sagar Chits (Visakha) 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 Sagar Chits (Visakha) 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 Sagar Chits (Visakha) Private Limited, buy the company report.
Financials of Sagar Chits (Visakha) Private Limited
FY 2025 filings availableSagar Chits (Visakha) Private Limited reported revenue of ₹15.39 Lakh (down 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA rose 17% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹2.79 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹1.04 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.2% | ||||
| Net Profit Margin | 6.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Sagar Chits (Visakha) Private Limited, buy the company report.
Board of directors of Sagar Chits (Visakha) Private Limited
Sagar Chits (Visakha) has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Usha Rani Bammidi | Director | 30 Sep 2009 | 17 Years 1 Months | Current |
| Pamula Ramesh | Director | 19 Nov 2019 | 6 Years 11 Months | Current |
Peer comparison
Sagar Chits (Visakha) Private Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (Micro Finance), with 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 |
|---|---|---|---|---|---|---|
| Unibase Micro Finance Foundation | ₹15.56 Lakh (FY 2019) | 59.0% | Sonebhadra, Uttar Pradesh, India | |||
| Vivvid Chit Funds Private Limited | ₹15.48 Lakh (FY 2024) | 144.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Shree Gajanan Urban Mudra Nidhi Limited | ₹15.41 Lakh (FY 2024) | -31.0% | Lucknow, Uttar Pradesh, India | |||
| Sagar Chits (Visakha) Private Limitedthis company | ₹15.39 Lakh (FY 2025) | ₹1.04 Lakh | 6.7% | -19.0% | Visakhapatnam, Andhra Pradesh, India | |
| H. R. Chit Fund Private Limited | ₹15.36 Lakh (FY 2025) | Faridabad, Haryana, India | ||||
| Merudhara Micro Finance Association | ₹15.26 Lakh (FY 2025) | 133.0% | Churu, Rajasthan, India | |||
| Shree Adhinayak Nidhi Limited | ₹15.2 Lakh (FY 2025) | -37.0% | Kaithal, Haryana, India | |||
| Vedhagiri Chit Funds Private Limited | ₹15.19 Lakh (FY 2025) | -52.0% | Erode, Tamil Nadu, India |
To see the full peer comparison of Sagar Chits (Visakha) Private Limited, buy the company report.
Auditor
Sagar Chits (Visakha) Private Limited is audited by VIDYA SAGAR & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIDYA SAGAR & CO | FY 2018 | 010423S |
Shareholding
The shareholding of Sagar Chits (Visakha) Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Sagar Chits (Visakha) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Jun 2025 | 101148387 | Hdfc Bank Limited | ₹15 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Sagar Chits (Visakha) Private Limited has 7 court cases on record: 7 filed by Sagar Chits (Visakha). 3 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 0 | 2 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ANDHRAPRADESH | Appeal | Filed by the company against individuals | Pending |
| District court, Visakapatnam, Andhra Pradesh | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Visakapatnam, Andhra Pradesh | Execution petition | Filed by the company against an individual | Disposed |
| District court, Visakapatnam, Andhra Pradesh | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, Visakapatnam, Andhra Pradesh | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Sagar Chits (Visakha) Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sagar Chits (Visakha) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sagar Chits (Visakha) has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Sagar Chits (Visakha) Private Limited, buy the company report.
Recent activity
Sagar Chits (Visakha) Private Limited has 3 board changes on record since 2009: 2 appointments and 1 cessation. The latest: Asha Bammidi ceased to be Director on 23 Dec 2019.
Frequently asked questions
Sagar Chits (Visakha) is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 30 September 2009 (17+ years old) and is registered under CIN U65992AP2009PTC065230.
Sagar Chits (Visakha) has 2 current directors:
- Usha Rani Bammidi - Director
- Pamula Ramesh - Director
The latest financial statements of Sagar Chits (Visakha) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
No. Sagar Chits (Visakha) has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Sagar Chits (Visakha) is U65992AP2009PTC065230. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sagar Chits (Visakha) has 7 court cases on record: 7 filed by the company. 3 are pending. Most are in the district courts.
Sagar Chits (Visakha) was incorporated on 30 September 2009, making it 17+ years old. It is registered with the Registrar of Companies, Vijayawada.
The peers of Sagar Chits (Visakha) by revenue are Unibase Micro Finance Foundation, Vivvid Chit Funds Private Limited, Shree Gajanan Urban Mudra Nidhi Limited, H. R. Chit Fund Private Limited, Merudhara Micro Finance Association and 2 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Asha Bammidi ceased to be Director on 23 Dec 2019. Pamula Ramesh was appointed as Director on 19 Nov 2019. Usha Rani Bammidi was appointed as Director on 30 Sep 2009.
The registered office of Sagar Chits (Visakha) is at H.No.9 – 9 – 1041 Near Kalabharathi Mangapuram Colony, Visakhapatnam, Andhra Pradesh, India – 530003.
Sagar Chits (Visakha) operates in the financial services industry, in the microfinance institutions segment.
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