Shraddhasaburi Chits India Private Limited
About Shraddhasaburi Chits India Private Limited
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Shraddhasaburi Chits India Private Limited is a private limited company based in Belgaum, Karnataka, India. It operates in the chit fund and microfinance segment of the financial services sector. It was incorporated on 11 February 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2014PTC073565.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹12.75 Lakh. It is led by directors Kanchan Ramchandra Kanabargi and Rohit Suresh Porwal.
Its last annual general meeting (AGM) was held on 05 April 2021, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 30/Cts599/B1 Math Galli, Belgaum, Karnataka, India – 590001.
As per the financials filed for FY 2020, the company reported a revenue of ₹13.4 Lakh, a decline of 35% compared to the previous year. For the same year it recorded a net loss of ₹5 Lakh (net margin -37.3%) and EBITDA of -₹70,602 (EBITDA margin -5.3%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Shraddhasaburi Chits India Private Limited's registered office is in Belgaum, Karnataka.
- Registered Address30/Cts599/B1 Math Galli, Belgaum, Karnataka, India – 590001
- IndustryFinancial Services, Chit Fund, Other Financial Intermediation, Kuri Companies
- 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 Shraddhasaburi Chits India 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 Shraddhasaburi Chits India Private Limited, buy the company report.
Financials of Shraddhasaburi Chits India Private Limited
FY 2020 filings availableShraddhasaburi Chits India Private Limited reported revenue of ₹13.4 Lakh (down 35% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 11% over three years, including a 35% fall in the latest year. EBITDA fell 115% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | -₹70,602 | ||||
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| Net Profit (PAT) | -₹5 Lakh | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| Profitability | |||||
| EBITDA Margin | -5.3% | ||||
| Net Profit Margin | -37.3% | ||||
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To see the full financial statements and ratios of Shraddhasaburi Chits India Private Limited, buy the company report.
Board of directors of Shraddhasaburi Chits India Private Limited
Shraddhasaburi Chits India has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kanchan Ramchandra Kanabargi | Director | 11 Feb 2014 | 12 Years 8 Months | Current |
| Rohit Suresh Porwal | Director | 11 Feb 2014 | 12 Years 8 Months | Current |
Peer comparison
Shraddhasaburi Chits India 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 |
|---|---|---|---|---|---|---|
| Aesthetics Securities Private Limited | ₹13.41 Lakh (FY 2022) | 365.0% | Ernakulam, Kerala, India | |||
| A V Thomas Investments Co Ltd | ₹13.41 Lakh (FY 2025) | -21.0% | Chennai, Tamil Nadu, India | |||
| Manikan Devcon Private Limited | ₹13.4 Lakh (FY 2025) | 12.0% | Kolkata, West Bengal, India | |||
| White Hat IT Services Private Limited. | ₹13.4 Lakh (FY 2025) | 16.0% | Indore, Madhya Pradesh, India | |||
| Riyms Micro Foundation | ₹13.4 Lakh (FY 2025) | 328.0% | Safidon, Haryana, India | |||
| Shraddhasaburi Chits India Private Limitedthis company | ₹13.4 Lakh (FY 2020) | -₹5 Lakh | -37.3% | -35.0% | Belgaum, Karnataka, India | |
| NR Nidhi Limited | ₹13.39 Lakh (FY 2024) | 45.0% | Jaipur, Rajasthan, India | |||
| Rajvi Chits Private Limited | ₹13.39 Lakh (FY 2021) | 13.0% | Nanded, Maharashtra, India | |||
| Gurusiddi Chits Private Limited | ₹13.39 Lakh (FY 2017) | -18.0% | Bangalore, Karnataka, India | |||
| Pioneer Plastic Works Pvt Ltd | ₹13.39 Lakh (FY 2025) | 2.0% | Kolkata, West Bengal, India | |||
| Moneymela P2p Fintech Private Limited | ₹13.39 Lakh (FY 2025) | -2.0% | Bhubaneswar, Odisha, India |
To see the full peer comparison of Shraddhasaburi Chits India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Shraddhasaburi Chits India 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 Shraddhasaburi Chits India 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 Shraddhasaburi Chits India Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Shraddhasaburi Chits India Private Limited has 2 board changes on record since 2014: 2 appointments. The latest: Kanchan Ramchandra Kanabargi was appointed as Director on 11 Feb 2014.
Frequently asked questions
Shraddhasaburi Chits India is an active private limited company based in Belgaum, Karnataka, India. The company works in chit fund, within the financial services industry. It was incorporated on 11 February 2014 (12+ years old) and is registered under CIN U65992KA2014PTC073565.
Shraddhasaburi Chits India has 2 current directors:
- Kanchan Ramchandra Kanabargi - Director
- Rohit Suresh Porwal - Director
The latest financial statements of Shraddhasaburi Chits India on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 05 April 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Shraddhasaburi Chits India is U65992KA2014PTC073565. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shraddhasaburi Chits India was incorporated on 11 February 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Shraddhasaburi Chits India by revenue are Aesthetics Securities Private Limited, A V Thomas Investments Co Ltd, Manikan Devcon Private Limited, White Hat IT Services Private Limited, Riyms Micro Foundation and 5 more, all in the same principal business activity (other financial activities).
Kanchan Ramchandra Kanabargi was appointed as Director on 11 Feb 2014. Rohit Suresh Porwal was appointed as Director on 11 Feb 2014.
The registered office of Shraddhasaburi Chits India is at 30Cts599B1 Math Galli, Belgaum, Karnataka, India – 590001.
Shraddhasaburi Chits India operates in the financial services industry, in the chit fund segment.
The compliance status of Shraddhasaburi Chits India is compliant as of 01 August 2026. The company is actively filing with the Registrar of Companies.
Shraddhasaburi Chits India can be reached at its registered office: 30Cts599B1 Math Galli, Belgaum, Karnataka, India – 590001.