About Samvardhana Chits Private Limited
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Samvardhana Chits Private Limited is a private limited company based in Chowdeshwarinagar, Karnataka, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 14 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017PTC101320.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Gowramma Muniyappa and Shivanna Javare Gowda.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at No.67 15th Cross Opp. B.Best School Laggere Main Road, Chowdeshwarinagar, Karnataka, India – 560058.
As per the financials filed for FY 2019, the company reported a revenue of ₹25.69 Lakh, a growth of 123% compared to the previous year. For the same year it recorded a net profit of ₹3.19 Lakh (net margin 12.4%) and EBITDA of ₹4.89 Lakh (EBITDA margin 19%).
Court records list 21 cases involving the company, including 10 filed by the company and 11 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website samvardhanachits.com.
Company details
Contact details
Samvardhana Chits Private Limited's registered office is in Chowdeshwarinagar, Karnataka. Its website is samvardhanachits.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.67 15th Cross Opp. B.Best School Laggere Main Road, Chowdeshwarinagar, Karnataka, India – 560058
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Samvardhana 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 Samvardhana 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 Samvardhana Chits Private Limited, buy the company report.
Financials of Samvardhana Chits Private Limited
FY 2019 filings availableSamvardhana Chits Private Limited reported revenue of ₹25.69 Lakh (up 123% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 123% in the latest year. EBITDA rose 196% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹25.69 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹4.89 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹3.19 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 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 19% | ||
| Net Profit Margin | 12.4% | ||
| 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 Samvardhana Chits Private Limited, buy the company report.
Board of directors of Samvardhana Chits Private Limited
Samvardhana Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gowramma Muniyappa | Director | 14 Mar 2017 | 9 Years 7 Months | Current |
| Shivanna Javare Gowda | Director | 14 Mar 2017 | 9 Years 7 Months | Current |
Peer comparison
Samvardhana Chits Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Other Financial Services), 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 |
|---|---|---|---|---|---|---|
| Prodigy Finvest Pvt Ltd | ₹25.72 Lakh (FY 2024) | 50.0% | Mumbai, Maharashtra, India | |||
| Samvardhana Chits Private Limitedthis company | ₹25.69 Lakh (FY 2019) | ₹3.19 Lakh | 12.4% | 123.0% | Chowdeshwarinagar, Karnataka, India | |
| LMV Investment Services Private Limited | ₹25.62 Lakh (FY 2024) | 105.0% | Hyderabad, Telangana, India | |||
| SS Wealth Management Private Limited | ₹25.62 Lakh (FY 2024) | 668.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Samvardhana Chits Private Limited, buy the company report.
Legal cases
Samvardhana Chits Private Limited has 21 court cases on record: 10 filed by Samvardhana Chits, 11 filed against it. 1 case is pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 10 | 0 |
| High courts | 1 | 1 | 1 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (CRL.RP) | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Samvardhana 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 Samvardhana 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 Samvardhana Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Samvardhana Chits Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Gowramma Muniyappa was appointed as Director on 14 Mar 2017.
Frequently asked questions
Samvardhana Chits is an active private limited company based in Chowdeshwarinagar, Karnataka, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 14 March 2017 (9+ years old) and is registered under CIN U74999KA2017PTC101320.
Samvardhana Chits has 2 current directors:
- Gowramma Muniyappa - Director
- Shivanna Javare Gowda - Director
The latest financial statements of Samvardhana Chits on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Samvardhana Chits is U74999KA2017PTC101320. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Samvardhana Chits has 21 court cases on record: 10 filed by the company and 11 filed against it. 1 is pending. Most are in the district courts.
Samvardhana Chits was incorporated on 14 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Samvardhana Chits by revenue are Prodigy Finvest Pvt Ltd, LMV Investment Services Private Limited, SS Wealth Management Private Limited, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).
Gowramma Muniyappa was appointed as Director on 14 Mar 2017. Shivanna Javare Gowda was appointed as Director on 14 Mar 2017.
Samvardhana Chits can be reached through the website samvardhanachits.com. Its registered office is in Chowdeshwarinagar, Karnataka, India.
The registered office of Samvardhana Chits is at No.67 15th Cross Opp. B.Best School Laggere Main Road, Chowdeshwarinagar, Karnataka, India – 560058.
Samvardhana Chits operates in the financial services industry, in the diversified financial services segment.
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