Sanchalana Chits Private Limited
About Sanchalana Chits Private Limited
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Sanchalana Chits Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 08 November 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65999KA2016PTC097651.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Veera Narayanaswamy Channakeshava Murthy and Kanagonahalli Girisha Srinivase Gowda.
Its last annual general meeting (AGM) was held on 28 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at # 15/B 1st Cross 11th Block St.Johns School Road Papareddy Palya Nagarabhavi 2nd Stage, Bangalore, Karnataka, India – 560072.
As per the financials filed for FY 2019, the company reported a revenue of ₹16.51 Lakh, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹48,810 (net margin 3%) and EBITDA of ₹1.36 Lakh (EBITDA margin 8.3%).
Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Sanchalana Chits Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address# 15/B 1st Cross 11th Block St.Johns School Road Papareddy Palya Nagarabhavi 2nd Stage, Bangalore, Karnataka, India – 560072
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Sanchalana 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 Sanchalana 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 Sanchalana Chits Private Limited, buy the company report.
Financials of Sanchalana Chits Private Limited
FY 2019 filings availableSanchalana Chits Private Limited reported revenue of ₹16.51 Lakh (down 7% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year. EBITDA rose 45% 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 | ₹16.51 Lakh | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹1.36 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹48,810 | ||
| 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 | 8.3% | ||
| Net Profit Margin | 3% | ||
| 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 Sanchalana Chits Private Limited, buy the company report.
Board of directors of Sanchalana Chits Private Limited
Sanchalana Chits has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Veera Narayanaswamy Channakeshava Murthy | Director | 04 May 2018 | 8 Years 6 Months | Current |
| Kanagonahalli Girisha Srinivase Gowda | Director | 08 Nov 2016 | 10 Years 0 Months | Current |
Peer comparison
Sanchalana 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 |
|---|---|---|---|---|---|---|
| Instyle Agencies Private Limited | ₹16.52 Lakh (FY 2025) | 22213.0% | New Delhi, Delhi, India | |||
| Sanchalana Chits Private Limitedthis company | ₹16.51 Lakh (FY 2019) | ₹48,810 | 3% | -7.0% | Bangalore, Karnataka, India | |
| Jaiguru Vintrade Private Limited | ₹16.5 Lakh (FY 2024) | 5575.0% | Raipur, Chhattisgarh, India | |||
| Prakalya Chit Funds Private Limited | ₹16.46 Lakh (FY 2024) | -4.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Sanchalana Chits Private Limited, buy the company report.
Auditor
Sanchalana Chits Private Limited is audited by G V BHAT AND COMPANY for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G V BHAT AND COMPANY | FY 2019 | 012342S |
Shareholding
The shareholding of Sanchalana Chits Private Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Sanchalana Chits Private Limited, buy the company report.
Legal cases
Sanchalana Chits Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| 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 Sanchalana 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 Sanchalana 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 Sanchalana Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Sanchalana Chits Private Limited has 5 board changes on record since 2016: 2 appointments and 3 cessations. The latest: Shivaiah Kamalamma Kalavathi ceased to be Director on 03 Aug 2018.
Frequently asked questions
Sanchalana Chits is an active private limited company based in Bangalore, Karnataka, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 08 November 2016 (10+ years old) and is registered under CIN U65999KA2016PTC097651.
Sanchalana Chits has 2 current directors:
- Veera Narayanaswamy Channakeshava Murthy - Director
- Kanagonahalli Girisha Srinivase Gowda - Director
The latest financial statements of Sanchalana Chits on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 28 September 2019. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Sanchalana Chits is U65999KA2016PTC097651. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sanchalana Chits has 2 court cases on record: 2 filed against it.
Sanchalana Chits was incorporated on 08 November 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Sanchalana Chits by revenue are Instyle Agencies Private Limited, Jaiguru Vintrade Private Limited, Prakalya Chit Funds Private Limited, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).
Shivaiah Kamalamma Kalavathi ceased to be Director on 03 Aug 2018. Narasimhamurthi Manjunatha ceased to be Director on 07 May 2018. Veera Narayanaswamy Channakeshava Murthy was appointed as Director on 04 May 2018. Sanchalana Chits has 5 board changes on record in total.
The registered office of Sanchalana Chits is at # 15B 1st Cross 11th Block St.Johns School Road Papareddy Palya Nagarabhavi 2nd Stage, Bangalore, Karnataka, India – 560072.
Sanchalana Chits operates in the financial services industry, in the diversified financial services segment.
The compliance status of Sanchalana Chits is compliant as of 14 August 2026. The company is actively filing with the Registrar of Companies.
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