About Sree Gowri Ganesha Chits Private Limited
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Sree Gowri Ganesha 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 15 March 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2002PTC030244. Its GSTIN is 29AABCG8977C1Z9 (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹85.2 Lakh. It is led by directors Muniyappa Reddy Lokesh (Managing Director) and Mary Vin Sonia.
Its last annual general meeting (AGM) was held on 20 February 2023, and its latest financial statements are for the year ended 31 March 2022. The registered office is at No.307 1st Floor 2nd Main 7th Cross Domlur Layout, Bangalore, Karnataka, India – 560071.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.6 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹18.69 Lakh (net margin 7.2%) and EBITDA of ₹93.13 Lakh (EBITDA margin 35.9%). Revenue has declined at a compounded annual rate (CAGR) of 30% over three years and 26% over five years.
As per MCA filings, the company has open charges of ₹4.4 Cr and satisfied charges of ₹4.08 Cr on record. Court records list 776 cases involving the company, including 687 filed by the company and 89 filed against it; 88 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sreegowriganeshaachits.com.
Company details
Contact details
Sree Gowri Ganesha Chits Private Limited's registered office is in Bangalore, Karnataka. Its website is sreegowriganeshaachits.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.307 1st Floor 2nd Main 7th Cross Domlur Layout, Bangalore, Karnataka, India – 560071
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Sree Gowri Ganesha Chits 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 Sree Gowri Ganesha Chits is financial and insurance service. In detail, this covers activities by trusts, funds and other financial holding companies.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K2 | Activities by Trusts, funds and other financial holding companies |
To see the full business activity and turnover split of Sree Gowri Ganesha Chits Private Limited, buy the company report.
Financials of Sree Gowri Ganesha Chits Private Limited
FY 2022 filings availableSree Gowri Ganesha Chits Private Limited reported revenue of ₹2.6 Cr (down 14% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 26% over five years, including a 14% fall 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹93.13 Lakh | ||||
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| Net Profit (PAT) | ₹18.69 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 35.9% | ||||
| Net Profit Margin | 7.2% | ||||
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To see the full financial statements and ratios of Sree Gowri Ganesha Chits Private Limited, buy the company report.
Board of directors of Sree Gowri Ganesha Chits Private Limited
Sree Gowri Ganesha Chits has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mary Vin Sonia | Additional Director | 08 Feb 2020 | 6 Years 9 Months | Current |
| Muniyappa Reddy Lokesh Also directs: LPS Global Tradings Private Limited | Managing Director | 15 Mar 2002 | 24 Years 7 Months | Current |
Auditor
Sree Gowri Ganesha Chits Private Limited is audited by N ADINARAYANA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N ADINARAYANA & ASSOCIATES | FY 2018 | 007086S |
Shareholding
The shareholding of Sree Gowri Ganesha Chits Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Sree Gowri Ganesha Chits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Feb 2018 | 100159285 | Others | ₹80 Lakh | Open | |
| 30 Mar 2015 | 10564670 | The Karur Vysya Bank Limited | ₹1.9 Cr | Open | |
| 18 Oct 2008 | 10128708 | Others | ₹1.7 Cr | Open | |
| 27 Oct 2017 | 100141372 | Others | ₹1 Cr | Satisfied | |
| 28 Aug 2013 | 10446168 | Pnb Housing Finance Limited | ₹3.08 Cr | Satisfied |
To see the full charge records of Sree Gowri Ganesha Chits Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Sree Gowri Ganesha Chits Private Limited has 776 court cases on record: 687 filed by Sree Gowri Ganesha Chits, 89 filed against it. 88 cases are pending and 688 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 762 | 80 | 81 |
| High courts | 13 | 8 | 7 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 776)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by an individual | Pending |
| High Court of Karnataka | Appeal | Filed against the company by Assistant Commissioner of Central Tax | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Sree Gowri Ganesha Chits Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sree Gowri Ganesha Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sree Gowri Ganesha Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCG8977C1Z9 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sree Gowri Ganesha Chits Private Limited, buy the company report.
Recent activity
Sree Gowri Ganesha Chits Private Limited has 3 board changes on record since 2002: 2 appointments and 1 cessation. The latest: Mary Vin Sonia was appointed as Additional Director on 08 Feb 2020.
2 earlier events are in the company report.
Frequently asked questions
Sree Gowri Ganesha 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 15 March 2002 (24+ years old) and is registered under CIN U65992KA2002PTC030244.
Sree Gowri Ganesha Chits has 2 current directors:
- Muniyappa Reddy Lokesh - Managing Director
- Mary Vin Sonia - Additional Director
The latest financial statements of Sree Gowri Ganesha Chits on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 20 February 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Sree Gowri Ganesha Chits is 29AABCG8977C1Z9, registered in Karnataka.
The CIN (Corporate Identification Number) of Sree Gowri Ganesha Chits is U65992KA2002PTC030244. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sree Gowri Ganesha Chits has 776 court cases on record: 687 filed by the company and 89 filed against it. 88 are pending. Most are in the district courts.
Sree Gowri Ganesha Chits was incorporated on 15 March 2002, making it 24+ years old. It is registered with the Registrar of Companies, Bangalore.
Mary Vin Sonia was appointed as Additional Director on 08 Feb 2020. Savitha Lokesh Reddy ceased to be Director on 08 Feb 2020. Muniyappa Reddy Lokesh was appointed as Managing Director on 15 Mar 2002.
Sree Gowri Ganesha Chits can be reached through the website sreegowriganeshaachits.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Sree Gowri Ganesha Chits is at No.307 1st Floor 2nd Main 7th Cross Domlur Layout, Bangalore, Karnataka, India – 560071.
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