Souhardha Chits Private Limited

Souhardha Chits Private Limited - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U65992KA1999PTC025047 Incorporated 12 April 1999 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company financial services MSME · Micro
Data last updated
Revenue · FY 2025
₹4.67 Cr
▲ 8% YoY
Net profit · FY 2025
₹16.77 Lakh
Net margin 3.6%
EBITDA · FY 2025
₹1.02 Cr
EBITDA margin 21.9%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.67 Cr
Issued & subscribed
Open charges
₹5.09 Cr
Satisfied ₹3.66 Cr
Company age
27 yrs
Est. 1999
Directors on board
6
As per MCA filings

About Souhardha Chits Private Limited

Data last updated:

Souhardha 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 April 1999 and has been in existence for over 27 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA1999PTC025047. Its GSTIN is 29AAFCS4860G1Z3 (Karnataka).

The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.67 Cr. It is led by directors including Sharschandra Ramaiah and Hachar Siddappa Gowda Shantha.

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 No. 52 2nd Floor Bhagavathi Tower 33rd Cross 4th Block Jayanagar, Bangalore, Karnataka, India – 560011.

As per the financials filed for FY 2025, the company reported a revenue of ₹4.67 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹16.77 Lakh (net margin 3.6%) and EBITDA of ₹1.02 Cr (EBITDA margin 21.9%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 1% over five years.

As per MCA filings, the company has open charges of ₹5.09 Cr and satisfied charges of ₹3.66 Cr on record. Court records list 120 cases involving the company, including 118 filed by the company and 2 filed against it; 19 cases are pending.

Souhardha Chits Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0145789). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website souhardhachits.com.

Company details

CIN U65992KA1999PTC025047
Registration Number 025047
Incorporation Date 12 April 1999
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0145789
Key People
Sharschandra Ramaiah Director Hachar Siddappa Gowda Shantha Director Munegowda Munibyregowda Director

Recognitions & Rankings of Souhardha Chits

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-KR-03-0145789

Contact details

Souhardha Chits Private Limited's registered office is in Bangalore, Karnataka. Its website is souhardhachits.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    souhardhachits.com
  • Registered Address
    No. 52 2nd Floor Bhagavathi Tower 33rd Cross 4th Block Jayanagar, Bangalore, Karnataka, India – 560011
  • Industry
    Financial Services, Microfinance Institutions

To see the full contact details of Souhardha Chits Private Limited, buy the company report.

Comprehensive company report
Souhardha Chits Private Limited - one report that includes everything
  • 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

The main business activity of Souhardha Chits is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance activities66Activities auxiliary to financial service and insurance activities

To see the full business activity and turnover split of Souhardha Chits Private Limited, buy the company report.

Financials of Souhardha Chits Private Limited

FY 2025 filings available

Souhardha Chits Private Limited reported revenue of ₹4.67 Cr (up 8% YoY) for FY 2025.

Revenue · FY 2025
₹4.67 Cr ▲ 8%
Net profit · FY 2025
₹16.77 Lakh margin 3.6%
EBITDA · FY 2025
₹1.02 Cr margin 21.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 5%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 2%
5 years · compounded
▲ 3%

Revenue rose 8% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA rose 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
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₹1.02 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹16.77 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin21.9%
Net Profit Margin3.6%
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

To see the full financial statements and ratios of Souhardha Chits Private Limited, buy the company report.

Board of directors of Souhardha Chits Private Limited

Souhardha Chits has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sharschandra Ramaiah
Also directs: Bhagavathi Properties Private Limited, Torq 03 Sports & Adventures Private Limited, Bhagavathi Precision Private Limited and 1 more
Director12 Apr 199927 Years 6 MonthsCurrent
Hachar Siddappa Gowda ShanthaDirector21 Jun 20242 Years 4 MonthsCurrent
Munegowda MunibyregowdaDirector04 Mar 20179 Years 8 MonthsCurrent
Mahesh Asagodu Puttaiah
Also directs: Bhagavathi Properties Private Limited, Torq 03 Sports & Adventures Private Limited
Director08 Jul 200224 Years 3 MonthsCurrent
Bavekeri Manappa Hegde Sanchitha Sirish
Also directs: Bhagavathi Toolings Private Limited
Director12 Apr 199927 Years 6 MonthsCurrent
Venkate Gowda Munibyregowda
Also directs: Maderu Engineering Private Limited
Director04 Mar 20179 Years 8 MonthsCurrent
View all directors

Auditor

Souhardha Chits Private Limited is audited by A P S B & ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
A P S B & ASSOCIATESFY 2023018592S

Shareholding

The shareholding of Souhardha Chits Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Souhardha Chits Private Limited, buy the company report.

Charges & borrowings

Open charges
₹5.09 Cr
Satisfied charges
₹3.66 Cr
Breakdown by lending institutions
Others₹3.50 Cr
Lakshmi Vilas Bank Limited₹1.23 Cr
Hdfc Bank Limited₹0.36 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Sep 2021100506396Hdfc Bank Limited₹36.03 LakhOpen
02 Jan 2019100231320Lakshmi Vilas Bank Limited₹1.23 CrOpen
15 May 201510577741Others₹3.5 CrOpen
29 Aug 2019100293975Lakshmi Vilas Bank Limited₹1.66 CrSatisfied
21 Nov 201510605493Lakshmi Vilas Bank Limited₹2 CrSatisfied

To see the full charge records of Souhardha Chits Private Limited, buy the company report.

Total charge records: 5 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Souhardha Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Souhardha Chits has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AAFCS4860G1Z3KarnatakaActive01 Jul 2017

To see the full GST registrations and return filing status of Souhardha Chits Private Limited, buy the company report.

Recent activity

Souhardha Chits Private Limited has 12 board changes on record since 1999: 6 appointments and 6 cessations. The latest: Hachar Siddappa Gowda Shantha ceased to be Additional Director on 29 Sep 2024.

AGM
Souhardha Chits Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 3.50 Cr registered on 15 May 2015 with Charge ID 10577741 was modified on 04 Jun 2025.
Filing
Souhardha Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Hachar Siddappa Gowda Shantha ceased to be Additional Director.
Appointed
Hachar Siddappa Gowda Shantha was appointed as Director.
Ceased
Asagadu Siddappagowda Puttaiah ceased to be Managing Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.36 Cr with Charge ID 100506396 was registered on 30 Sep 2021.
Charges
A charge with Lakshmi Vilas Bank Limited of Rs. 1.23 Cr registered on 02 Jan 2019 with Charge ID 100231320 was modified on 06 Apr 2021.
Charges
A charge registered on 29 Aug 2019 via Charge ID 100293975 with Lakshmi Vilas Bank Limited was fully satisfied on 20 Jan 2020.
Charges
A charge registered on 21 Nov 2015 via Charge ID 10605493 with Lakshmi Vilas Bank Limited was fully satisfied on 03 Oct 2019.
Charges
A charge with Lakshmi Vilas Bank Limited amounted to Rs. 1.66 Cr with Charge ID 100293975 was registered on 29 Aug 2019.
Charges
A charge with Lakshmi Vilas Bank Limited amounted to Rs. 1.23 Cr with Charge ID 100231320 was registered on 02 Jan 2019.

12 earlier events are in the company report.

Frequently asked questions

Souhardha 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 April 1999 (27+ years old) and is registered under CIN U65992KA1999PTC025047.

Souhardha Chits has 6 current directors:

The latest financial statements of Souhardha Chits on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Souhardha Chits is 29AAFCS4860G1Z3, registered in Karnataka.

The CIN (Corporate Identification Number) of Souhardha Chits is U65992KA1999PTC025047. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Souhardha Chits has 120 court cases on record: 118 filed by the company and 2 filed against it. 19 are pending. Most are in the district courts.

Souhardha Chits was incorporated on 12 April 1999, making it 27+ years old. It is registered with the Registrar of Companies, Bangalore.

Hachar Siddappa Gowda Shantha ceased to be Additional Director on 29 Sep 2024. Hachar Siddappa Gowda Shantha was appointed as Director on 21 Jun 2024. Asagadu Siddappagowda Puttaiah ceased to be Managing Director on 22 May 2024. Souhardha Chits has 12 board changes on record in total.

Yes, Souhardha Chits is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0145789).

Souhardha Chits can be reached through the website souhardhachits.com. Its registered office is in Bangalore, Karnataka, India.