Shri Somras Chits Private Limited
About Shri Somras Chits Private Limited
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Shri Somras Chits Private Limited is a private limited company based in Bailhongal, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 27 June 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2012PTC064593. Its GSTIN is 29AASCS8319R1Z1 (Karnataka).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors including Mahantesh Revappa Yakkundi and Arun Irappa Madiwalar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Shop No.4 Taluka Panchayat Complex Hosur Road, Bailhongal, Karnataka, India – 591102.
As per the financials filed for FY 2024, the company reported a revenue of ₹26.35 Lakh, a growth of 14% compared to the previous year. For the same year it recorded a net loss of ₹6.77 Lakh (net margin -25.7%) and EBITDA of -₹5.4 Lakh (EBITDA margin -20.5%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 5% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressShop No.4 Taluka Panchayat Complex Hosur Road, Bailhongal, Karnataka, India – 591102
- IndustryFinancial Services, Financial Activities
- 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
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Business Activity of Shri Somras Chits Private Limited
The main business activity of Shri Somras Chits is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Shri Somras Chits Private Limited FY 2025 filings available
Shri Somras Chits Private Limited reported revenue of ₹26.35 Lakh (up 14% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Shri Somras Chits Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 14% growth in the latest year. EBITDA rose 41% 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 of Shri Somras Chits Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹5.4 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹6.77 Lakh | •••• | •••• | •••• | •••• |
| 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 of Shri Somras Chits Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -20.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -25.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Shri Somras Chits are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Shri Somras Chits Private Limited
Shri Somras Chits Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Activities auxiliary to financial service and insurance activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Primary Dealers' Association of India | ₹26.43 Lakh (FY 2025) | •••• | •••• | -4.0% | •••• | Mumbai, Maharashtra, India |
| Pavan Urban Nidhi Limited | ₹26.43 Lakh (FY 2024) | •••• | •••• | 50.0% | •••• | Sangli, Maharashtra, India |
| Intransitive Finserve Private Limited | ₹26.41 Lakh (FY 2025) | •••• | •••• | 15434.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| B.R.Mercantiles Private Limited | ₹26.37 Lakh (FY 2025) | •••• | •••• | 360.0% | •••• | New Delhi, Delhi, India |
| R A S Associates Ltd | ₹26.36 Lakh (FY 2024) | •••• | •••• | -22.0% | •••• | Kolkata, West Bengal, India |
| Shri Somras Chits Private Limited this company | ₹26.35 Lakh (FY 2024) | •••• | •••• | 14.0% | •••• | Bailhongal, Karnataka, India |
| Bindiya Capital Private Limited | ₹26.34 Lakh (FY 2024) | •••• | •••• | -13.0% | •••• | Delhi, India |
| Starshine Comtrade Private Limited | ₹26.33 Lakh (FY 2025) | •••• | •••• | 35.0% | •••• | Pune, Maharashtra, India |
| Brighter Mind Equity Advisor Private Limited | ₹26.32 Lakh (FY 2024) | •••• | •••• | 7.0% | •••• | New Delhi, Delhi, India |
| Varada India Nidhi Limited | ₹26.28 Lakh (FY 2025) | •••• | •••• | 35.0% | •••• | Belgaum, Karnataka, India |
| SDPM Services Private Limited | ₹26.28 Lakh (FY 2025) | •••• | •••• | 11.0% | •••• | Barshi, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Shri Somras Chits by revenue in the same principal business activity (Activities auxiliary to financial service and insurance activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Shri Somras Chits Private Limited
Shri Somras Chits Private Limited is audited by S V K H & CO for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S V K H & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Shri Somras Chits Private Limited
Shri Somras Chits has 6 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahantesh Revappa Yakkundi | Director | 27 Jun 2012 | 14 Years 3 Months | Current |
| Arun Irappa Madiwalar | Director | 27 Jun 2012 | 14 Years 3 Months | Current |
| Chidanand Basappa Chiniwalar | Director | 27 Jun 2012 | 14 Years 3 Months | Current |
| Mahantesh Veerabasayya Salimath | Director | 27 Jun 2012 | 14 Years 3 Months | Current |
| Chandrashekharayya Kubendrayya Shivasagayyanavaramath | Director | 27 Jun 2012 | 14 Years 3 Months | Current |
| Dinesh Tippanna Billur | Director | 27 Jun 2012 | 14 Years 3 Months | Current |
Ownership and Shareholding of Shri Somras Chits Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Shri Somras Chits Private Limited
Shri Somras Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Shri Somras Chits Private Limited
Employment history and EPFO contributions of people linked to Shri Somras Chits.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Shri Somras Chits Private Limited
Shri Somras Chits Private Limited has 6 board changes on record since 2012: 6 appointments. The latest: Arun Irappa Madiwalar was appointed as Director on 27 Jun 2012.
Credit Ratings, Litigation & Regulatory Alerts for Shri Somras Chits Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Shri Somras Chits Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Shri Somras Chits Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Shri Somras Chits Private Limited
Shri Somras Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AASCS8319R1Z1 | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Shri Somras Chits Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Shri Somras Chits Private Limited
Shri Somras Chits is an active private limited company based in Bailhongal, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 27 June 2012 (14+ years old) and is registered under CIN U65992KA2012PTC064593.
Shri Somras Chits reported revenue of ₹26.35 Lakh for FY 2024 (up 14% YoY).
Shri Somras Chits has 6 current directors:
- Mahantesh Revappa Yakkundi - Director
- Arun Irappa Madiwalar - Director
- Chidanand Basappa Chiniwalar - Director
- Mahantesh Veerabasayya Salimath - Director
- Chandrashekharayya Kubendrayya Shivasagayyanavaramath - Director
- Dinesh Tippanna Billur - Director
Shri Somras Chits reported a net loss of ₹6.77 Lakh (net margin -25.7%) and EBITDA of -₹5.4 Lakh (EBITDA margin -20.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Shri Somras Chits is 11% over three years and 5% over five years. In the latest year (FY 2024) revenue rose 14%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Shri Somras Chits is 29AASCS8319R1Z1, registered in Karnataka.
The CIN (Corporate Identification Number) of Shri Somras Chits is U65992KA2012PTC064593. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shri Somras Chits was incorporated on 27 June 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Shri Somras Chits by revenue are Primary Dealers' Association of India, Pavan Urban Nidhi Limited, Intransitive Finserve Private Limited, B.R.Mercantiles Private Limited, R A S Associates Ltd and 5 more, all in the same principal business activity (Activities auxiliary to financial service and insurance activities).
Arun Irappa Madiwalar was appointed as Director on 27 Jun 2012. Chandrashekharayya Kubendrayya Shivasagayyanavaramath was appointed as Director on 27 Jun 2012. Chidanand Basappa Chiniwalar was appointed as Director on 27 Jun 2012. Shri Somras Chits has 6 board changes on record in total.
The registered office of Shri Somras Chits is at Shop No.4 Taluka Panchayat Complex Hosur Road, Bailhongal, Karnataka, India – 591102.