Sphati Chits India Private Limited
About Sphati Chits India Private Limited
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Sphati Chits India Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 25 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65999KA2016PTC093549.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Banavadi Murthy Krishna Murthy Sundar and Narasimhaiah Padmanabhan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bengaluru, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹28,769, a decline of 91% compared to the previous year. For the same year it recorded a net loss of ₹88,409 (net margin -307.3%) and EBITDA of -₹87,759 (EBITDA margin -305%). Revenue has declined at a compounded annual rate (CAGR) of 65% over three years and 46% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Sphati Chits India Private Limited's registered office is in Bengaluru, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.154/B 1st Floor 2nd Cross Priyadarshini Layout Nagarbhavi Main Ro, Ad, Bengaluru, Karnataka, India – 560072
- IndustryFinancial Services, Financial Activities
To see the full contact details of Sphati Chits India 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 Sphati Chits India 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 Sphati Chits India Private Limited, buy the company report.
Financials of Sphati Chits India Private Limited
FY 2024 filings availableSphati Chits India Private Limited reported revenue of ₹28,769 (down 91% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 46% over five years, including a 91% fall in the latest year. EBITDA fell 818% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹87,759 | ||||
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| Net Profit (PAT) | -₹88,409 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -305% | ||||
| Net Profit Margin | -307.3% | ||||
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To see the full financial statements and ratios of Sphati Chits India Private Limited, buy the company report.
Board of directors of Sphati Chits India Private Limited
Sphati Chits India has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Banavadi Murthy Krishna Murthy Sundar | Director | 25 May 2016 | 10 Years 5 Months | Current |
| Narasimhaiah Padmanabhan | Director | 25 May 2016 | 10 Years 5 Months | Current |
| Gopala Narasimhaiah Krishna | Director | 25 May 2016 | 10 Years 5 Months | Current |
Peer comparison
Sphati Chits India 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 |
|---|---|---|---|---|---|---|
| Trikonastha Nidhi Limited | ₹29,000 (FY 2022) | 480.0% | Subarnapur, West Bengal, India | |||
| Silicon Fabrics Private Limited | ₹29,000 (FY 2025) | 61.0% | Kolkata, West Bengal, India | |||
| Cobia Distributors Private Limited | ₹28,951 (FY 2021) | -6.0% | Kolkata, West Bengal, India | |||
| Rural Beneficial Chits Private Limited | ₹28,915 (FY 2024) | 5206.0% | Thiruvallur, Tamil Nadu, India | |||
| Haryana Securitisation and Asset Resolution Private Limited | ₹28,894 (FY 2025) | -69.0% | Hisar, Haryana, India | |||
| Sphati Chits India Private Limitedthis company | ₹28,769 (FY 2024) | -₹88,409 | -307.3% | -91.0% | Bengaluru, Karnataka, India | |
| R V Commodities Private Limited | ₹28,752 (FY 2025) | -88.0% | Faridabad, Haryana, India | |||
| Spiritual Technology Private Limited | ₹28,740 (FY 2024) | 707.0% | Mumbai, Maharashtra, India | |||
| Safe Green Power Generation Private Limited | ₹28,700 (FY 2024) | -6.0% | Kolkata, West Bengal, India | |||
| Khut Taret Nidhi Limited | ₹28,680 (FY 2020) | Imphal West, Manipur, India | ||||
| Esquire Exports Limited. | ₹28,660 (FY 2025) | -21.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Sphati Chits India Private Limited, buy the company report.
Auditor
Sphati Chits India Private Limited is audited by HARISHA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HARISHA & ASSOCIATES | FY 2017 | 010237S |
Shareholding
The shareholding of Sphati Chits India Private Limited is on record for FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Sphati Chits India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Sphati Chits India 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 Sphati Chits India 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 Sphati Chits India Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Sphati Chits India Private Limited has 3 board changes on record since 2016: 3 appointments. The latest: Banavadi Murthy Krishna Murthy Sundar was appointed as Director on 25 May 2016.
Frequently asked questions
Sphati Chits India is an active private limited company based in Bengaluru, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 25 May 2016 (10+ years old) and is registered under CIN U65999KA2016PTC093549.
Sphati Chits India has 3 current directors:
- Banavadi Murthy Krishna Murthy Sundar - Director
- Narasimhaiah Padmanabhan - Director
- Gopala Narasimhaiah Krishna - Director
The latest financial statements of Sphati Chits India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Sphati Chits India is U65999KA2016PTC093549. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sphati Chits India was incorporated on 25 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Sphati Chits India by revenue are Trikonastha Nidhi Limited, Silicon Fabrics Private Limited, Cobia Distributors Private Limited, Rural Beneficial Chits Private Limited, Haryana Securitisation and Asset Resolution Private Limited and 5 more, all in the same principal business activity (other financial activities).
Banavadi Murthy Krishna Murthy Sundar was appointed as Director on 25 May 2016. Gopala Narasimhaiah Krishna was appointed as Director on 25 May 2016. Narasimhaiah Padmanabhan was appointed as Director on 25 May 2016.
The registered office of Sphati Chits India is at No.154B 1st Floor 2nd Cross Priyadarshini Layout Nagarbhavi Main Ro, Ad, Bengaluru, Karnataka, India – 560072.
Sphati Chits India operates in the financial services industry, in the financial activities segment.
The compliance status of Sphati Chits India is compliant as of 06 September 2026. The company is actively filing with the Registrar of Companies.
Sphati Chits India can be reached at its registered office: No.154B 1st Floor 2nd Cross Priyadarshini Layout Nagarbhavi Main Ro, Ad, Bengaluru, Karnataka, India – 560072.