About Shree Charan Chits Private Limited
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Shree Charan 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 20 July 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA1992PTC013369. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.08 Cr and a paid-up capital of ₹1.08 Cr. It is led by directors Sheenappa Raghava Shetty (Managing Director) and Thambukuthira Kuttappa Kalappa.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Door No. 94 (Old No.100) 1st Floor 19th Main 1st N Block Rajajinagar, Bangalore, Karnataka, India – 560010.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.54 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net loss of ₹2.78 Cr (net margin -181.2%) and EBITDA of -₹2.41 Cr (EBITDA margin -157%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 26% over five years.
As per MCA filings, the company has open charges of ₹1.21 Cr on record. Court records list 180 cases involving the company, including 138 filed by the company and 42 filed against it; 26 cases are 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 shreechanranchits.com.
Company details
Contact details
Shree Charan Chits Private Limited's registered office is in Bangalore, Karnataka. Its website is shreechanranchits.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressDoor No. 94 (Old No.100) 1st Floor 19th Main 1st N Block Rajajinagar, Bangalore, Karnataka, India – 560010
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Shree Charan 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 Shree Charan 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 Shree Charan Chits Private Limited, buy the company report.
Financials of Shree Charan Chits Private Limited
FY 2021 filings availableShree Charan Chits Private Limited reported revenue of ₹1.54 Cr (down 42% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 26% over five years, including a 42% fall in the latest year. EBITDA fell 419% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | -₹2.41 Cr | ||||
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| Net Profit (PAT) | -₹2.78 Cr | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| Profitability | |||||
| EBITDA Margin | -157% | ||||
| Net Profit Margin | -181.2% | ||||
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To see the full financial statements and ratios of Shree Charan Chits Private Limited, buy the company report.
Board of directors of Shree Charan Chits Private Limited
Shree Charan Chits has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thambukuthira Kuttappa Kalappa | Director | 17 Aug 2020 | 6 Years 2 Months | Current |
| Sheenappa Raghava Shetty | Managing Director | 15 Jun 1998 | 28 Years 4 Months | Current |
Peer comparison
Shree Charan Chits Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Wintrans Consultancy Private Limited | ₹1.54 Cr (FY 2024) | 34.0% | Bangalore, Karnataka, India | |||
| Amish Infrastructure Private Limited. | ₹1.54 Cr (FY 2025) | -28.0% | Mumbai, Maharashtra, India | |||
| Shree Charan Chits Private Limitedthis company | ₹1.54 Cr (FY 2021) | -₹2.78 Cr | -181.2% | -42.0% | Bangalore, Karnataka, India | |
| Mobile Mercentiles Pvt Ltd | ₹1.54 Cr (FY 2019) | 49.0% | Kolkata, West Bengal, India | |||
| Advaiya Finedge Private Limited | ₹1.53 Cr (FY 2025) | 35.0% | Hyderabad, Telangana, India | |||
| Munak Credit and Investment Pvt Ltd | ₹1.53 Cr (FY 2025) | -60.0% | Chandigarh, India |
To see the full peer comparison of Shree Charan Chits Private Limited, buy the company report.
Auditor
Shree Charan Chits Private Limited is audited by N S SHETTY & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N S SHETTY & ASSOCIATES | FY 2019 | 008181S |
Shareholding
The shareholding of Shree Charan Chits Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Shree Charan Chits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Apr 2022 | 100554530 | Others | ₹70 Lakh | Open | |
| 04 Oct 2018 | 100232374 | Others | ₹8.5 Lakh | Open | |
| 26 Jun 2013 | 10437975 | Karur Vysya Bank | ₹13 Lakh | Open | |
| 16 May 2013 | 10435355 | Karur Vysya Bank | ₹5 Lakh | Open | |
| 09 Jun 2011 | 10299033 | Union Bank of India | ₹5 Lakh | Open |
Total charge records: 7 View all charges
Legal cases
Shree Charan Chits Private Limited has 180 court cases on record: 138 filed by Shree Charan Chits, 42 filed against it. 26 cases are pending and 154 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 177 | 40 | 26 |
| High courts | 3 | 2 | 0 |
Cases on record (5 of 180)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Bhavya Constructions | Disposed |
| District court, RAMANAGARA, Karnataka | Appeal | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Pothalaiah Enterprises | Pending |
To see the full case history of Shree Charan 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 Shree Charan Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shree Charan Chits 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 Shree Charan Chits Private Limited, buy the company report.
Recent activity
Shree Charan Chits Private Limited has 11 board changes on record since 1998: 2 appointments and 9 cessations. The latest: Suneeta Siddramesh Nara ceased to be Additional Director on 26 Nov 2021.
9 earlier events are in the company report.
Frequently asked questions
Shree Charan 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 20 July 1992 (34+ years old) and is registered under CIN U65992KA1992PTC013369.
Shree Charan Chits has 2 current directors:
- Sheenappa Raghava Shetty - Managing Director
- Thambukuthira Kuttappa Kalappa - Director
The latest financial statements of Shree Charan Chits on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
No. Shree Charan Chits has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Shree Charan Chits is U65992KA1992PTC013369. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shree Charan Chits has 180 court cases on record: 138 filed by the company and 42 filed against it. 26 are pending. Most are in the district courts.
Shree Charan Chits was incorporated on 20 July 1992, making it 34+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Shree Charan Chits by revenue are Wintrans Consultancy Private Limited, Amish Infrastructure Private Limited, Mobile Mercentiles Pvt Ltd, Advaiya Finedge Private Limited, Munak Credit and Investment Pvt Ltd, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).
Suneeta Siddramesh Nara ceased to be Additional Director on 26 Nov 2021. Thambukuthira Kuttappa Kalappa ceased to be Additional Director on 31 Dec 2020. Shrinivas Vadavi Suresh ceased to be Additional Director on 10 Dec 2020. Shree Charan Chits has 11 board changes on record in total.
Shree Charan Chits can be reached through the website shreechanranchits.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Shree Charan Chits is at Door No. 94 Old No.100 1st Floor 19th Main 1st N Block Rajajinagar, Bangalore, Karnataka, India – 560010.