Samith Chits Private Limited
About Samith Chits Private Limited
Data last updated:
Samith Chits Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 11 August 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2020PTC137108.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors Bhoja Shetty Harish and Prema.
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 No. 63 (Old 557) 2nd Floor 53rd Cross 10th Main Ramamandira Circle Rajajinagar, Bengaluru, Karnataka, India – 560010.
As per the financials filed for FY 2024, the company reported a revenue of ₹72.85 Lakh, a decline of 33% compared to the previous year. For the same year it recorded a net profit of ₹5.94 Lakh (net margin 8.1%) and EBITDA of ₹7.66 Lakh (EBITDA margin 10.5%). Revenue has grown at a compounded annual rate (CAGR) of 59% over three years.
Court records list 106 cases involving the company, including 64 filed by the company and 42 filed against it; 46 cases are pending.
Company details
Contact details
Samith Chits Private Limited's registered office is in Bengaluru, Karnataka.
- Registered AddressNo. 63 (Old 557) 2nd Floor 53rd Cross 10th Main Ramamandira Circle Rajajinagar, Bengaluru, Karnataka, India – 560010
- 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
Business activity
The main business activity of Samith 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 Samith Chits Private Limited, buy the company report.
Financials of Samith Chits Private Limited
FY 2024 filings availableSamith Chits Private Limited reported revenue of ₹72.85 Lakh (down 33% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 33% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 59%. EBITDA fell 73% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| 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 | ₹7.66 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹5.94 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 10.5% | |||
| Net Profit Margin | 8.1% | |||
| 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 Samith Chits Private Limited, buy the company report.
Board of directors of Samith Chits Private Limited
Samith Chits has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhoja Shetty Harish | Director | 20 Nov 2021 | 4 Years 11 Months | Current |
| Prema | Director | 27 May 2024 | 2 Years 5 Months | Current |
Peer comparison
Samith 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 |
|---|---|---|---|---|---|---|
| Premium Finlease Private Limited | ₹72.95 Lakh (FY 2025) | 372.0% | Hisar, Haryana, India | |||
| Edward Supply Pvt Ltd | ₹72.92 Lakh (FY 2016) | -25.0% | Kolkata, West Bengal, India | |||
| RKGS Stock Brokers Limited | ₹72.88 Lakh (FY 2025) | -18.0% | Punjab, India | |||
| Sri Senthil Murugan Chits Private Limited | ₹72.88 Lakh (FY 2025) | 10.0% | Tirupur, Tamil Nadu, India | |||
| Ohmy Loan Private Limited | ₹72.86 Lakh (FY 2025) | 317.0% | Mumbai, Maharashtra, India | |||
| Samith Chits Private Limitedthis company | ₹72.85 Lakh (FY 2024) | ₹5.94 Lakh | 8.1% | -33.0% | Bengaluru, Karnataka, India | |
| Skystar Conclave Private Limited | ₹72.85 Lakh (FY 2025) | -2.0% | Kolkata, West Bengal, India | |||
| Maanas Mutual Benefit Nidhi Limited | ₹72.82 Lakh (FY 2021) | 208.0% | Raebarely, Uttar Pradesh, India | |||
| Pkabi Chits Private Limited | ₹72.81 Lakh (FY 2018) | 284.0% | Bhavani, Tamil Nadu, India | |||
| Tricom Investments Private Limited | ₹72.79 Lakh (FY 2024) | -9.0% | Kolkata, West Bengal, India | |||
| Sabrimala Fintech Private Limited | ₹72.79 Lakh (FY 2024) | 414.0% | New Delhi, Delhi, India |
To see the full peer comparison of Samith Chits Private Limited, buy the company report.
Legal cases
Samith Chits Private Limited has 106 court cases on record: 64 filed by Samith Chits, 42 filed against it. 46 cases are pending and 60 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 102 | 38 | 42 |
| High courts | 4 | 4 | 4 |
Cases on record (5 of 106)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Aadithya Infra Edge LLP Rep. by Rakesh Muniraju | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Aadithya Infra Edge LLP Rep. by Rakesh Muniraju | Disposed |
| High Court of Karnataka | Court case (CRL.RP) | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
To see the full case history of Samith Chits 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 Samith Chits 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 Samith Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Samith Chits Private Limited has 6 board changes on record since 2020: 4 appointments and 2 cessations. The latest: Arunakumar Balachandra ceased to be Director on 27 May 2024.
Frequently asked questions
Samith Chits is an active private limited company based in Bengaluru, Karnataka, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 11 August 2020 (6+ years old) and is registered under CIN U65992KA2020PTC137108.
Samith Chits has 2 current directors:
- Bhoja Shetty Harish - Director
- Prema - Director
The latest financial statements of Samith 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 2021 are in the company report.
The CIN (Corporate Identification Number) of Samith Chits is U65992KA2020PTC137108. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Samith Chits has 106 court cases on record: 64 filed by the company and 42 filed against it. 46 are pending. Most are in the district courts.
Samith Chits was incorporated on 11 August 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Samith Chits by revenue are Premium Finlease Private Limited, Edward Supply Pvt Ltd, RKGS Stock Brokers Limited, Sri Senthil Murugan Chits Private Limited, Ohmy Loan Private Limited and 5 more, all in the same principal business activity (other financial activities).
Arunakumar Balachandra ceased to be Director on 27 May 2024. Prema was appointed as Director on 27 May 2024. Bhoja Shetty Harish was appointed as Director on 20 Nov 2021. Samith Chits has 6 board changes on record in total.
The registered office of Samith Chits is at No. 63 Old 557 2nd Floor 53rd Cross 10th Main Ramamandira Circle Rajajinagar, Bengaluru, Karnataka, India – 560010.
Samith Chits operates in the financial services industry, in the other financial intermediation segment.
Samith Chits can be reached at its registered office: No. 63 Old 557 2nd Floor 53rd Cross 10th Main Ramamandira Circle Rajajinagar, Bengaluru, Karnataka, India – 560010.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
