Shree Chits (Karnataka) Private Limited
About Shree Chits (Karnataka) Private Limited
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Shree Chits (Karnataka) Private Limited is a private limited company based in Bellary, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 14 November 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2014PTC077239.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Thekkalakote Nagappa and Thekkalakote Venkateshulu.
Its last annual general meeting (AGM) was held on 30 October 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Shop 2 2nd Floor Abhi Complex Parvathi Nagar, Bellary, Karnataka, India – 583103.
As per the financials filed for FY 2019, the company reported a revenue of ₹11.21 Lakh, a decline of 24% compared to the previous year. For the same year it recorded a net profit of ₹19,722 (net margin 1.8%) and EBITDA of ₹1.26 Lakh (EBITDA margin 11.2%). Revenue has declined at a compounded annual rate (CAGR) of 34% over three years.
Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Shree Chits (Karnataka) Private Limited's registered office is in Bellary, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop 2 2nd Floor Abhi Complex Parvathi Nagar, Bellary, Karnataka, India – 583103
- IndustryFinancial Services, Financial Activities
To see the full contact details of Shree Chits (Karnataka) 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 Chits (Karnataka) 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 Chits (Karnataka) Private Limited, buy the company report.
Financials of Shree Chits (Karnataka) Private Limited
FY 2019 filings availableShree Chits (Karnataka) Private Limited reported revenue of ₹11.21 Lakh (down 24% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 34% over three years, including a 24% fall in the latest year. EBITDA fell 27% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹1.26 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹19,722 | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.2% | ||||
| Net Profit Margin | 1.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Shree Chits (Karnataka) Private Limited, buy the company report.
Board of directors of Shree Chits (Karnataka) Private Limited
Shree Chits (Karnataka) has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thekkalakote Nagappa | Director | 14 Nov 2014 | 11 Years 11 Months | Current |
| Thekkalakote Venkateshulu | Director | 15 Mar 2018 | 8 Years 7 Months | Current |
| Jakka Sanjaya Pavan Kumar | Additional Director | 17 Jun 2020 | 6 Years 4 Months | Current |
| Banaganapallekodi Nagaraj Also directs: Ciwan Strategy Private Limited, Saghira Taqa Private Limited, Yanto Consult Private Limited and 3 more | Additional Director | 17 Jun 2020 | 6 Years 4 Months | Current |
Peer comparison
Shree Chits (Karnataka) 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 |
|---|---|---|---|---|---|---|
| Ava Atm Infra Services Private Limited | ₹11.22 Lakh (FY 2024) | 74.0% | Jaipur, Rajasthan, India | |||
| Chirag Management Private Limited | ₹11.21 Lakh (FY 2019) | -5.0% | Kolkata, West Bengal, India | |||
| Chemmannur Kuries Private Limited | ₹11.21 Lakh (FY 2019) | -23.0% | Thrissur, Kerala, India | |||
| Eli Global Mutual Benefit Nidhi Limited | ₹11.21 Lakh (FY 2017) | 681.0% | Ahmedabad, Gujarat, India | |||
| Dhanasraya Chits Private Limited | ₹11.21 Lakh (FY 2015) | 36.0% | Thrissur, Kerala, India | |||
| Shree Chits (Karnataka) Private Limitedthis company | ₹11.21 Lakh (FY 2019) | ₹19,722 | 1.8% | -24.0% | Bellary, Karnataka, India | |
| Sharadambha (BGK) Chits Private Limited | ₹11.21 Lakh (FY 2024) | -28.0% | Bagalkot, Karnataka, India | |||
| Dwinger Agents Pvt.Ltd. | ₹11.2 Lakh (FY 2024) | -52.0% | Kolkata, West Bengal, India | |||
| Sauhardswarnim Nidhi Limited | ₹11.2 Lakh (FY 2021) | Lucknow, Uttar Pradesh, India | ||||
| Astonish Financers Pvt. Ltd. | ₹11.19 Lakh (FY 2024) | -64.0% | Kolkata, West Bengal, India | |||
| Dhanashobha Chits Private Limited | ₹11.19 Lakh (FY 2024) | 14.0% | Thrissur, Kerala, India |
To see the full peer comparison of Shree Chits (Karnataka) Private Limited, buy the company report.
Auditor
Shree Chits (Karnataka) Private Limited is audited by K Rajasekhar and Co for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K Rajasekhar and Co | FY 2017 | 011729S |
Shareholding
The shareholding of Shree Chits (Karnataka) Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Shree Chits (Karnataka) Private Limited, buy the company report.
Legal cases
Shree Chits (Karnataka) Private Limited has 1 court case on record: 1 filed by Shree Chits (Karnataka). All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, KOPPAL, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Shree Chits (Karnataka) 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 Chits (Karnataka) 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 Shree Chits (Karnataka) Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Shree Chits (Karnataka) Private Limited has 8 board changes on record since 2014: 4 appointments and 4 cessations. The latest: Banaganapallekodi Nagaraj was appointed as Additional Director on 17 Jun 2020.
Frequently asked questions
Shree Chits (Karnataka) is an active private limited company based in Bellary, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 14 November 2014 (12+ years old) and is registered under CIN U65992KA2014PTC077239.
Shree Chits (Karnataka) has 4 current directors:
- Thekkalakote Nagappa - Director
- Thekkalakote Venkateshulu - Director
- Jakka Sanjaya Pavan Kumar - Additional Director
- Banaganapallekodi Nagaraj - Additional Director
The latest financial statements of Shree Chits (Karnataka) on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 October 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Shree Chits (Karnataka) is U65992KA2014PTC077239. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shree Chits (Karnataka) has 1 court case on record: 1 filed by the company.
Shree Chits (Karnataka) was incorporated on 14 November 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Shree Chits (Karnataka) by revenue are Ava Atm Infra Services Private Limited, Chirag Management Private Limited, Chemmannur Kuries Private Limited, Eli Global Mutual Benefit Nidhi Limited, Dhanasraya Chits Private Limited and 5 more, all in the same principal business activity (other financial activities).
Banaganapallekodi Nagaraj was appointed as Additional Director on 17 Jun 2020. Jakka Sanjaya Pavan Kumar was appointed as Additional Director on 17 Jun 2020. Thekkalakote Venkateshulu ceased to be Additional Director on 30 Sep 2018. Shree Chits (Karnataka) has 8 board changes on record in total.
The registered office of Shree Chits (Karnataka) is at Shop 2 2nd Floor Abhi Complex Parvathi Nagar, Bellary, Karnataka, India – 583103.
Shree Chits (Karnataka) operates in the financial services industry, in the financial activities segment.
The compliance status of Shree Chits (Karnataka) is compliant as of 31 August 2026. The company is actively filing with the Registrar of Companies.
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