Skas Chits Private Limited
About Skas Chits Private Limited
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Skas 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 12 May 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA1993PTC014313.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Mahadeswara Chits Private Limited. It is led by directors including Shivalingu Ankegowda and Sudha Shivalingu.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No.9 1st Main Road Hampinagar Rpc Layout Vijayanagar 2nd Stage, Bangalore, Karnataka, India – 560104.
As per the financials filed for FY 2023, the company reported a revenue of ₹15.69 Lakh, a growth of 4% compared to the previous year. For the same year it recorded a net loss of ₹16,700 (net margin -1.1%) and EBITDA of ₹92,230 (EBITDA margin 5.9%). Revenue has grown at a compounded annual rate (CAGR) of 5% over five years.
Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNo.9 1st Main Road Hampinagar Rpc Layout Vijayanagar 2nd Stage, Bangalore, Karnataka, India – 560104
- IndustryFinancial Services, Microfinance Institutions
- 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
- One PDF report, delivered after checkout
Business Activity of Skas Chits Private Limited
The main business activity of Skas Chits is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial 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 Skas Chits Private Limited FY 2023 filings available
Skas Chits Private Limited reported revenue of ₹15.69 Lakh (up 4% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Skas Chits Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 4% growth in the latest year. EBITDA fell 13% 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 Skas Chits Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | ₹92,230 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹16,700 | •••• | •••• | •••• | •••• |
| 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 Skas Chits Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -1.1% | •••• | •••• | •••• | •••• |
| 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 Skas 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 Skas Chits Private Limited
Skas Chits Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Micro Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mala Chitman Nidhi Limited | ₹15.89 Lakh (FY 2025) | •••• | •••• | -33.0% | •••• | Thrissur, Kerala, India |
| Arihant Microfinance | ₹15.88 Lakh (FY 2024) | •••• | •••• | -20.0% | •••• | Jaipur, Rajasthan, India |
| Vinolia Chits Private Limited | ₹15.84 Lakh (FY 2024) | •••• | •••• | 18.0% | •••• | Tiruchirappalli, Tamil Nadu, India |
| Kairasi Chits Private Limited | ₹15.84 Lakh (FY 2025) | •••• | •••• | 9.0% | •••• | Tiruchirappalli, Tamil Nadu, India |
| St. Mary Accurate Chit Fund (OPC) Private Limited | ₹15.71 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Pune, Maharashtra, India |
| Skas Chits Private Limited this company | ₹15.69 Lakh (FY 2023) | •••• | •••• | 4.0% | •••• | Bangalore, Karnataka, India |
| GND Chits Private Limited | ₹15.68 Lakh (FY 2025) | •••• | •••• | 6.0% | •••• | Delhi, India |
| Vijay Bhargavi Chit Fund Pvt Ltd | ₹15.62 Lakh (FY 2025) | •••• | •••• | -70.0% | •••• | Hyderabad, Telangana, India |
| Ayushman Micro Finance Foundation | ₹15.6 Lakh (FY 2021) | •••• | •••• | -26.0% | •••• | Varanasi, Uttar Pradesh, India |
| BK Dhanalakshmi Nidhi Limited | ₹15.6 Lakh (FY 2024) | •••• | •••• | 25.0% | •••• | Thrissur, Kerala, India |
| Unibase Micro Finance Foundation | ₹15.56 Lakh (FY 2019) | •••• | •••• | 59.0% | •••• | Sonebhadra, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Skas Chits by revenue in the BFSI industry (Micro Finance), 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 Skas Chits Private Limited
Auditor information for Skas Chits Private Limited provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.
Board of Directors of Skas Chits Private Limited
Skas Chits has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shivalingu Ankegowda | Director | 19 Sep 2009 | 17 Years 0 Months | Current |
| Sudha Shivalingu | Director | 26 Dec 2006 | 19 Years 9 Months | Current |
| Nethravathi Narasimha Murthy | Director | 26 Dec 2006 | 19 Years 9 Months | Current |
Ownership and Shareholding of Skas 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 Skas Chits Private Limited
Skas Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Skas Chits Private Limited
Skas Chits Private Limited has 3 court cases on record: 1 filed by Skas Chits, 2 filed against it. All cases are disposed. Status as checked between 02 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against State of Karnataka | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Skas Chits Private Limited
Employment history and EPFO contributions of people linked to Skas 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 Skas Chits Private Limited
Skas Chits Private Limited has 4 board changes on record since 2006: 3 appointments and 1 cessation. The latest: Annapoorna Paranjothi ceased to be Director on 19 Sep 2009.
Credit Ratings, Litigation & Regulatory Alerts for Skas 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 Skas 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 Skas 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 Skas Chits Private Limited
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 Skas 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 Skas Chits Private Limited
Skas 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 12 May 1993 (33+ years old) and is registered under CIN U65992KA1993PTC014313.
Skas Chits reported revenue of ₹15.69 Lakh for FY 2023 (up 4% YoY).
Skas Chits has 3 current directors:
- Shivalingu Ankegowda - Director
- Sudha Shivalingu - Director
- Nethravathi Narasimha Murthy - Director
Skas Chits reported a net loss of ₹16,700 (net margin -1.1%) and EBITDA of ₹92,230 (EBITDA margin 5.9%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Skas Chits is 5% over five years. In the latest year (FY 2023) revenue rose 4%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Skas Chits is U65992KA1993PTC014313. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Skas Chits has 3 court cases on record: 1 filed by the company and 2 filed against it. Most are in the district courts.
Skas Chits was incorporated on 12 May 1993, making it 33+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Skas Chits by revenue are Mala Chitman Nidhi Limited, Arihant Microfinance, Vinolia Chits Private Limited, Kairasi Chits Private Limited, St. Mary Accurate Chit Fund (OPC) Private Limited and 5 more, all in the BFSI industry (Micro Finance).
Annapoorna Paranjothi ceased to be Director on 19 Sep 2009. Shivalingu Ankegowda was appointed as Director on 19 Sep 2009. Nethravathi Narasimha Murthy was appointed as Director on 26 Dec 2006. Skas Chits has 4 board changes on record in total.
The registered office of Skas Chits is at No.9 1st Main Road Hampinagar Rpc Layout Vijayanagar 2nd Stage, Bangalore, Karnataka, India – 560104.