Shree Devi Meenakshi Chits Private Limited
About Shree Devi Meenakshi Chits Private Limited
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Shree Devi Meenakshi Chits Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 29 November 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2013PTC072201. Its GSTIN is 29AAUCS2431A1ZD (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sainath Magaji Srinivas and Magaji Rameswarasa Srinivasa.
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 No. 3 Old Tharagupet 6th Cross Santhusapet, Bangalore, Karnataka, India – 560053.
As per the financials filed for FY 2021, the company reported a revenue of ₹29.78 Lakh, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹3.02 Lakh (net margin 10.1%) and EBITDA of ₹4.83 Lakh (EBITDA margin 16.2%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 8% over five years.
Court records list 13 cases involving the company, including 1 filed by the company and 12 filed against it; 6 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Shree Devi Meenakshi 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 AddressNo. 3 Old Tharagupet 6th Cross Santhusapet, Bangalore, Karnataka, India – 560053
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Shree Devi Meenakshi 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 Devi Meenakshi 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 Devi Meenakshi Chits Private Limited, buy the company report.
Financials of Shree Devi Meenakshi Chits Private Limited
FY 2021 filings availableShree Devi Meenakshi Chits Private Limited reported revenue of ₹29.78 Lakh (up 6% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 6% growth in the latest year. EBITDA rose 6% 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 | ₹4.83 Lakh | ||||
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| Net Profit (PAT) | ₹3.02 Lakh | ||||
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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 | 16.2% | ||||
| Net Profit Margin | 10.1% | ||||
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To see the full financial statements and ratios of Shree Devi Meenakshi Chits Private Limited, buy the company report.
Board of directors of Shree Devi Meenakshi Chits Private Limited
Shree Devi Meenakshi Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sainath Magaji Srinivas | Director | 29 Nov 2013 | 12 Years 10 Months | Current |
| Magaji Rameswarasa Srinivasa | Director | 29 Nov 2013 | 12 Years 10 Months | Current |
Peer comparison
Shree Devi Meenakshi Chits Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Micro Finance), 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 |
|---|---|---|---|---|---|---|
| Shiv Krishna Microfinance Association | ₹30.52 Lakh (FY 2025) | 59.0% | Jaipur, Rajasthan, India | |||
| Punchiri Kuries Private Limited | ₹29.91 Lakh (FY 2025) | 29.0% | Thrissur, Kerala, India | |||
| TCFS Bachat Nidhi Limited | ₹29.85 Lakh (FY 2025) | -57.0% | Dausa, Rajasthan, India | |||
| Shree Devi Meenakshi Chits Private Limitedthis company | ₹29.78 Lakh (FY 2021) | ₹3.02 Lakh | 10.1% | 6.0% | Bangalore, Karnataka, India | |
| Savera Microfinance and Welfare Foundation | ₹29.68 Lakh (FY 2025) | 24.0% | Loni, Uttar Pradesh, India | |||
| Mangaldayak Chit Funds Pvt Ltd | ₹29.09 Lakh (FY 2021) | -43.0% | Hyderabad, Telangana, India | |||
| Veliyath Kuries Private Limited | ₹29 Lakh (FY 2025) | -8.0% | Ernakulam, Kerala, India |
To see the full peer comparison of Shree Devi Meenakshi Chits Private Limited, buy the company report.
Auditor
Shree Devi Meenakshi Chits Private Limited is audited by G Maregouda & Co for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G Maregouda & Co | FY 2017 |
Shareholding
The shareholding of Shree Devi Meenakshi Chits 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 Devi Meenakshi Chits Private Limited, buy the company report.
Legal cases
Shree Devi Meenakshi Chits Private Limited has 13 court cases on record: 1 filed by Shree Devi Meenakshi Chits, 12 filed against it. 6 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 12 | 6 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Appeal | Filed by the company against M/S SSMT Marketing | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Paper World | Pending |
To see the full case history of Shree Devi Meenakshi 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 Devi Meenakshi Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shree Devi Meenakshi Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAUCS2431A1ZD | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shree Devi Meenakshi Chits Private Limited, buy the company report.
Recent activity
Shree Devi Meenakshi Chits Private Limited has 2 board changes on record since 2013: 2 appointments. The latest: Magaji Rameswarasa Srinivasa was appointed as Director on 29 Nov 2013.
Frequently asked questions
Shree Devi Meenakshi Chits is an active private limited company based in Bangalore, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 29 November 2013 (13+ years old) and is registered under CIN U65992KA2013PTC072201.
Shree Devi Meenakshi Chits has 2 current directors:
- Sainath Magaji Srinivas - Director
- Magaji Rameswarasa Srinivasa - Director
The latest financial statements of Shree Devi Meenakshi 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.
The GSTIN of Shree Devi Meenakshi Chits is 29AAUCS2431A1ZD, registered in Karnataka.
The CIN (Corporate Identification Number) of Shree Devi Meenakshi Chits is U65992KA2013PTC072201. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shree Devi Meenakshi Chits has 13 court cases on record: 1 filed by the company and 12 filed against it. 6 are pending.
Shree Devi Meenakshi Chits was incorporated on 29 November 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Shree Devi Meenakshi Chits by revenue are Shiv Krishna Microfinance Association, Punchiri Kuries Private Limited, TCFS Bachat Nidhi Limited, Savera Microfinance and Welfare Foundation, Mangaldayak Chit Funds Pvt Ltd and 1 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Magaji Rameswarasa Srinivasa was appointed as Director on 29 Nov 2013. Sainath Magaji Srinivas was appointed as Director on 29 Nov 2013.
The registered office of Shree Devi Meenakshi Chits is at No. 3 Old Tharagupet 6th Cross Santhusapet, Bangalore, Karnataka, India – 560053.
Shree Devi Meenakshi Chits operates in the financial services industry, in the microfinance institutions segment.