Sri Shankara Chits Private Limited
About Sri Shankara Chits Private Limited
Data last updated:
Sri Shankara Chits Private Limited was a private limited company based in Hospet, 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 financial services and investment segment of the financial services sector. It was incorporated on 30 June 2011.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2011PTC059417.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.2 Lakh. It was led by directors Manjula Raidurga and Lokesh Nayak.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at D.No.317 Kote Area Near Valmiki Circle, Hospet, Karnataka, India – 583201.
As per the financials filed for FY 2017, the company reported a revenue of ₹53,075, a decline of 27% compared to the previous year. For the same year it recorded a net loss of ₹200 (net margin -0.4%) and EBITDA of ₹32,475 (EBITDA margin 61.2%).
Company details
Contact details
Sri Shankara Chits Private Limited's registered office is in Hospet, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressD.No.317 Kote Area Near Valmiki Circle, Hospet, Karnataka, India – 583201
- IndustryFinancial Services, Financial Activities
To see the full contact details of Sri Shankara 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 Sri Shankara 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 |
Financials of Sri Shankara Chits Private Limited
FY 2017 filings availableSri Shankara Chits Private Limited reported revenue of ₹53,075 (down 27% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 27% in the latest year. EBITDA rose 209% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹53,075 | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹32,475 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹200 | ||
| 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
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 61.2% | ||
| Net Profit Margin | -0.4% | ||
| 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 Sri Shankara Chits Private Limited, buy the company report.
Board of directors of Sri Shankara Chits Private Limited
Sri Shankara Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manjula Raidurga | Director | 30 Jun 2011 | 15 Years 4 Months | As last reported |
| Lokesh Nayak | Director | 30 Jun 2011 | 15 Years 4 Months | As last reported |
Peer comparison
Sri Shankara 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 |
|---|---|---|---|---|---|---|
| Varun Apartments Pvt Ltd | ₹53,425 (FY 2018) | -98.0% | Kolkata, West Bengal, India | |||
| Bharti (Satya) Trustees Private Limited | ₹53,405 (FY 2024) | 48.0% | New Delhi, Delhi, India | |||
| Rajvaibhav Urban Nidhi Limited | ₹53,245 (FY 2021) | Sangli, Maharashtra, India | ||||
| Mag Nidhi Limited | ₹53,233 (FY 2023) | -88.0% | Phaltan, Maharashtra, India | |||
| Sreechamun Ventures Private Limited | ₹53,200 (FY 2024) | 132.0% | Chennai, Tamil Nadu, India | |||
| Sri Shankara Chits Private Limitedthis company | ₹53,075 (FY 2017) | -₹200 | -0.4% | -27.0% | Hospet, Karnataka, India | |
| Sanyal Development Consultants Private Limited | ₹53,066 (FY 2021) | -54.0% | Kolkata, West Bengal, India | |||
| Seven Emirates Nidhi Limited | ₹53,056 (FY 2021) | Una, Himachal Pradesh, India | ||||
| Panchvati Plantations Private Limited | ₹53,000 (FY 2025) | -62.0% | New Delhi, Delhi, India | |||
| Minus Zero Interactive Technologies Private Limited | ₹53,000 (FY 2025) | -93.0% | Panchkula, Haryana, India | |||
| Sashakt Jan Nidhi Limited | ₹52,987 (FY 2020) | Dehradun, Uttarakhand, India |
To see the full peer comparison of Sri Shankara Chits Private Limited, buy the company report.
Auditor
Sri Shankara Chits Private Limited is audited by R LAKSHMIKANTHA for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R LAKSHMIKANTHA | FY 2017 | 215849 |
Shareholding
The shareholding of Sri Shankara Chits Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Sri Shankara Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Sri Shankara 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 Sri Shankara 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 Sri Shankara Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Sri Shankara Chits Private Limited has 2 board changes on record since 2011: 2 appointments. The latest: Lokesh Nayak was appointed as Director on 30 Jun 2011.
Frequently asked questions
Sri Shankara 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.
Sri Shankara Chits was a private limited company based in Hospet, Karnataka, India. The company worked in financial activities, within the financial services industry. It was incorporated on 30 June 2011 and is registered under CIN U65992KA2011PTC059417. The company has been struck off by the Registrar of Companies and is no longer operational.
Sri Shankara Chits had 2 directors:
- Manjula Raidurga - Director
- Lokesh Nayak - Director
The CIN (Corporate Identification Number) of Sri Shankara Chits is U65992KA2011PTC059417. 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 Sri Shankara Chits is at D.No.317 Kote Area Near Valmiki Circle, Hospet, Karnataka, India – 583201.
Sri Shankara Chits was incorporated on 30 June 2011. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of Sri Shankara Chits on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
Sri Shankara Chits operated in the financial services industry, in the financial activities segment. It worked in this industry before it was struck off.
The peers of Sri Shankara Chits by revenue are Varun Apartments Pvt Ltd, Bharti (Satya) Trustees Private Limited, Rajvaibhav Urban Nidhi Limited, Mag Nidhi Limited, Sreechamun Ventures Private Limited and 5 more, all in the same principal business activity (other financial activities).
Lokesh Nayak was appointed as Director on 30 Jun 2011. Manjula Raidurga was appointed as Director on 30 Jun 2011.
The compliance status of Sri Shankara Chits is active non-compliant as of 11 September 2026.
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