Shri Varalaxmi Chits Private Limited
About Shri Varalaxmi Chits Private Limited
Data last updated:
Shri Varalaxmi Chits Private Limited was a private limited company based in Gokak, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the chit fund and microfinance segment of the financial services sector. It was incorporated on 13 September 2012.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2012PTC065895.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Chidanand Veerappa Demashetti and Arun Salalli Monappa.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Ground Floor Cts No 2940 Heggannavar Complex Raviwarpeth, Gokak, Karnataka, India – 591307.
As per the financials filed for FY 2016, the company reported a revenue of ₹2.18 Lakh, a decline of 84% compared to the previous year. For the same year it recorded a net loss of ₹1.35 Lakh (net margin -62.2%) and EBITDA of -₹1.16 Lakh (EBITDA margin -53.2%).
Company details
Contact details
Shri Varalaxmi Chits Private Limited's registered office is in Gokak, Karnataka.
- Registered AddressGround Floor Cts No 2940 Heggannavar Complex Raviwarpeth, Gokak, Karnataka, India – 591307
- IndustryFinancial Services, Kuri Companies, Other Financial Intermediation, Chit Fund
- 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 Shri Varalaxmi 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 Shri Varalaxmi Chits Private Limited, buy the company report.
Financials of Shri Varalaxmi Chits Private Limited
FY 2016 filings availableShri Varalaxmi Chits Private Limited reported revenue of ₹2.18 Lakh (down 84% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 84% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
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| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹1.16 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹1.35 Lakh | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
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| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
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Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -53.2% | |
| Net Profit Margin | -62.2% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
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| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
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| Inventory Days | ||
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| Net Profit Growth | ||
To see the full financial statements and ratios of Shri Varalaxmi Chits Private Limited, buy the company report.
Board of directors of Shri Varalaxmi Chits Private Limited
Shri Varalaxmi Chits has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chidanand Veerappa Demashetti Also directs: Snehajeevi Chits Private Limited | Director | 13 Sep 2012 | 14 Years 1 Months | As last reported |
| Arun Salalli Monappa Also directs: Nideeshwara Infrastructure Private Limited, Salalli Jewellers Private Limited, Markhandeya Chits Private Limited and 1 more | Director | 13 Sep 2012 | 14 Years 1 Months | As last reported |
Peer comparison
Shri Varalaxmi Chits 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 |
|---|---|---|---|---|---|---|
| Enjoy Commercial Private Limited | ₹2.18 Lakh (FY 2025) | -98.0% | Delhi, India | |||
| Synergy Minetrade Expo Private Limited | ₹2.18 Lakh (FY 2015) | -51.0% | Mumbai, Maharashtra, India | |||
| Mecspert Securities Private Limited | ₹2.18 Lakh (FY 2025) | -54.0% | New Delhi, Delhi, India | |||
| Benaxis Nidhi Limited | ₹2.18 Lakh (FY 2025) | -24.0% | Nadia, West Bengal, India | |||
| Salvus Imf Private Limited | ₹2.18 Lakh (FY 2024) | -56.0% | Kolkata, West Bengal, India | |||
| Shri Varalaxmi Chits Private Limitedthis company | ₹2.18 Lakh (FY 2016) | -₹1.35 Lakh | -62.2% | -84.0% | Gokak, Karnataka, India | |
| Sarvacharya Advisors Private Limited | ₹2.18 Lakh (FY 2025) | -81.0% | Delhi, India | |||
| Punnamparambu Kuries Private Limited | ₹2.18 Lakh (FY 2016) | 230.0% | Thrissur, Kerala, India | |||
| Vedica Securities Pvt Ltd | ₹2.17 Lakh (FY 2019) | 4.0% | Kolkata, West Bengal, India | |||
| Prajith Chits Private Limited | ₹2.17 Lakh (FY 2024) | 85.0% | Dindigul, Tamil Nadu, India | |||
| Aloor Kuries Private Limited | ₹2.17 Lakh (FY 2025) | -72.0% | Thrissur, Kerala, India |
To see the full peer comparison of Shri Varalaxmi Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Shri Varalaxmi Chits 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 Shri Varalaxmi Chits 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 Shri Varalaxmi Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Shri Varalaxmi Chits Private Limited has 10 board changes on record since 2012: 2 appointments and 8 cessations. The latest: Kishore Sadashiv Shetti ceased to be Director on 25 Aug 2018.
1 earlier event is in the company report.
Frequently asked questions
Shri Varalaxmi Chits has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Shri Varalaxmi Chits was a private limited company based in Gokak, Karnataka, India. The company worked in kuri companies, within the financial services industry. It was incorporated on 13 September 2012 and is registered under CIN U65992KA2012PTC065895. The company has been struck off by the Registrar of Companies and is no longer operational.
Shri Varalaxmi Chits had 2 directors:
- Chidanand Veerappa Demashetti - Director
- Arun Salalli Monappa - Director
The CIN (Corporate Identification Number) of Shri Varalaxmi Chits is U65992KA2012PTC065895. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Shri Varalaxmi Chits is at Ground Floor Cts No 2940 Heggannavar Complex Raviwarpeth, Gokak, Karnataka, India – 591307.
Shri Varalaxmi Chits was incorporated on 13 September 2012. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of Shri Varalaxmi Chits on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
Shri Varalaxmi Chits operated in the financial services industry, in the kuri companies segment. It worked in this industry before it was struck off.
The peers of Shri Varalaxmi Chits by revenue are Enjoy Commercial Private Limited, Synergy Minetrade Expo Private Limited, Mecspert Securities Private Limited, Benaxis Nidhi Limited, Salvus Imf Private Limited and 5 more, all in the same principal business activity (other financial activities).
Kishore Sadashiv Shetti ceased to be Director on 25 Aug 2018. Nagaraj Kadappa Heggannavar ceased to be Director on 25 Aug 2018. Rajashekhar Sidramappa Kadeli ceased to be Director on 25 Aug 2018. Shri Varalaxmi Chits has 10 board changes on record in total.
The compliance status of Shri Varalaxmi Chits is active non-compliant as of 27 September 2026.
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