MSME (Udyam registered) Ministry of MSME
- Category
- Small (2022-23)
- Udyam number
- UDYAM-KR-03-0143809
Surabhi Chits Limited - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2019
₹23.74 Cr
▼ 3% YoY
Net profit · FY 2019
₹75.92 Lakh
Net margin 3.2%
EBITDA · FY 2019
₹6.85 Cr
EBITDA margin 28.8%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹4.92 Cr
Issued & subscribed
Open charges
₹17.28 Cr
Satisfied ₹11.75 Lakh
Company age
35 yrs
Est. 1991
Directors on board
3
As per MCA filings
About Surabhi Chits Limited
Data last updated:
Surabhi Chits Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 02 December 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1991PLC012571. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹4.92 Cr. It is led by directors including Bangalore Mohan Dilip (Managing Director) and Bangalore Thirumala Setty Mohan (Whole-Time Director).
Its last annual general meeting (AGM) was held on 22 October 2020, and its latest financial statements are for the year ended 31 March 2019. The registered office is at # 5 Gajendra Towers 11th Main 4th Block Jayanagar, Bangalore, Karnataka, India – 560011.
As per the financials filed for FY 2019, the company reported a revenue of ₹23.74 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹75.92 Lakh (net margin 3.2%) and EBITDA of ₹6.85 Cr (EBITDA margin 28.8%).
As per MCA filings, the company has open charges of ₹17.28 Cr and satisfied charges of ₹11.75 Lakh on record. Court records list 1,374 cases involving the company, including 1,094 filed by the company and 280 filed against it; 190 cases are pending.
Surabhi Chits Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0143809). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website surabhichits.in.
Company details
CIN U85110KA1991PLC012571
Registration Number 012571
Incorporation Date 02 December 1991
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 22 October 2020
Date of Balance Sheet 31 March 2019
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0143809
CIN history
Surabhi Chits has one previous CIN (Corporate Identification Number): U65992KA1991PLC012571. The current CIN is U85110KA1991PLC012571, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1991PLC012571 | Current |
| U65992KA1991PLC012571 | Previous |
Key People
Bangalore Mohan Dilip Managing Director Bangalore Thirumala Setty Mohan Whole-Time Director Machani Nagaraj Santosh Additional Director Recognitions & Rankings of Surabhi Chits
Contact details
Surabhi Chits Limited's registered office is in Bangalore, Karnataka. Its website is surabhichits.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address# 5 Gajendra Towers 11th Main 4th Block Jayanagar, Bangalore, Karnataka, India – 560011
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Surabhi Chits Limited, buy the company report.
Comprehensive company report
Surabhi Chits 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 Surabhi 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 |
To see the full business activity and turnover split of Surabhi Chits Limited, buy the company report.
Financials of Surabhi Chits Limited
FY 2019 filings availableSurabhi Chits Limited reported revenue of ₹23.74 Cr (down 3% YoY) for FY 2019.
Revenue · FY 2019
₹23.74 Cr ▼ 3%
Net profit · FY 2019
₹75.92 Lakh margin 3.2%
EBITDA · FY 2019
₹6.85 Cr margin 28.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 3%
EBITDA CAGR growth
1 year
▲ 32%
3 years · compounded
▲ 9%
Revenue fell 3% in the latest year. EBITDA rose 32% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| 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 | ₹6.85 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹75.92 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
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 28.8% | ||||
| Net Profit Margin | 3.2% | ||||
| 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 Surabhi Chits Limited, buy the company report.
Board of directors of Surabhi Chits Limited
Surabhi Chits has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bangalore Thirumala Setty Mohan | Whole-Time Director | 21 Dec 1991 | 34 Years 10 Months | Current |
| Bangalore Mohan Dilip | Managing Director | 01 Apr 2011 | 15 Years 7 Months | Current |
| Machani Nagaraj Santosh Also directs: Surabhi Finance Corporation Limited | Additional Director | 31 May 2023 | 3 Years 5 Months | Current |
Peer comparison
Surabhi Chits Limited is compared with the 9 companies closest to it by revenue in the BFSI industry (Micro Finance), with 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 |
|---|---|---|---|---|---|---|
| Maxvalue Nidhi Limited | ₹29.24 Cr (FY 2023) | 19.0% | Thrissur, Kerala, India | |||
| Srifin Credit Private Limited | ₹28.1 Cr (FY 2025) | 920.0% | Hyderabad, Telangana, India | |||
| Neeladri Chit Fund Pvt Ltd. | ₹27.47 Cr (FY 2025) | 6.0% | Hyderabad, Telangana, India | |||
| Xavier Nidhi Limited | ₹27.13 Cr (FY 2024) | 5.0% | Nager Coil, Tamil Nadu, India | |||
| Kannattu Finance Nidhi Limited | ₹25.1 Cr (FY 2025) | 0.0% | Chengannur, Kerala, India | |||
| Surabhi Chits Limitedthis company | ₹23.74 Cr (FY 2019) | ₹75.92 Lakh | 3.2% | -3.0% | Bangalore, Karnataka, India | |
| Paraspara Sahaya Nidhi (Perambur) Ltd. | ₹22.92 Cr (FY 2021) | 11.0% | Tamil Nadu, India | |||
| Amrat Chits (India) Private Limited | ₹21.62 Cr (FY 2025) | 19.0% | Hyderabad, Telangana, India | |||
| Valluvanadu Nidhi Limited | ₹21.45 Cr (FY 2024) | -23.0% | Manjeri, Kerala, India | |||
| Srinidhi Chits (Hyderabad) Private Limited | ₹20.92 Cr (FY 2024) | 8.0% | Karimnagar, Telangana, India |
To see the full peer comparison of Surabhi Chits Limited, buy the company report.
Auditor
Surabhi Chits Limited is audited by G S RAO & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G S RAO & CO | FY 2018 | 003127S |
Shareholding
The shareholding of Surabhi Chits 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 Surabhi Chits Limited, buy the company report.
Charges & borrowings
Open charges
₹17.28 Cr
Satisfied charges
₹11.75 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jul 2018 | 100194265 | Others | ₹4.15 Cr | Open | |
| 28 Oct 2015 | 10600212 | Religare Finvest Limited | ₹45.5 Lakh | Open | |
| 04 Jul 2014 | 10511222 | Icici Bank Limited | ₹1.22 Cr | Open | |
| 04 Jul 2014 | 10511290 | Icici Bank Limited | ₹1.5 Cr | Open | |
| 05 Sep 2011 | 10305322 | Kotak Mahindra Bank Limited | ₹93.6 Lakh | Open |
To see the full charge records of Surabhi Chits Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Surabhi Chits Limited has 1,374 court cases on record: 1,094 filed by Surabhi Chits, 280 filed against it. 190 cases are pending and 1,184 are disposed.
Total cases
1,374
Filed by the company
1,094
Filed against the company
280
Pending
190
Disposed
1,184
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1,274 | 201 | 172 |
| High courts | 93 | 72 | 17 |
| NCLAT | 2 | 2 | 1 |
| NCLT | 1 | 1 | 0 |
| Supreme Court | 4 | 4 | 0 |
Cases on record (5 of 1,374)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (4805-Others : Matters not falling under any other category.) | Filed against the company by Maxworth Realty India Ltd and 3 others | Disposed |
| Supreme Court | Court case (4805-Others : Matters not falling under any other category.) | Filed against the company by Maxworth Realty India Ltd and 3 others | Disposed |
| Supreme Court | Court case (4805-Others : Matters not falling under any other category.) | Filed against the company by Maxworth Realty India Ltd and 3 others | Disposed |
| Supreme Court | Court case (4805-Others : Matters not falling under any other category.) | Filed against the company by Maxworth Realty India Ltd and 3 others | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
To see the full case history of Surabhi Chits 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 Surabhi Chits Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Surabhi Chits has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of Surabhi Chits Limited, buy the company report.
Recent activity
Surabhi Chits Limited has 13 board changes on record since 1991: 3 appointments and 10 cessations. The latest: Malini Siddappa Bangalore ceased to be Director on 18 Jul 2024.
Ceased
Malini Siddappa Bangalore ceased to be Director.
Appointed
Machani Nagaraj Santosh was appointed as Additional Director.
Ceased
Machani Nagaraj Santosh ceased to be Whole-Time Director.
AGM
Surabhi Chits Limited last Annual general meeting of members was held on 22 Oct 2020 as per latest MCA records.
Ceased
Lakur Subramanya Raghavendrasharma ceased to be Director.
Ceased
Ramesha ceased to be Director.
Filing
Surabhi Chits Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 4.15 Cr with Charge ID 100194265 was registered on 27 Jul 2018.
Charges
A charge with Religare Finvest Limited amounted to Rs. 0.46 Cr with Charge ID 10600212 was registered on 28 Oct 2015.
Charges
A charge with Icici Bank Limited amounted to Rs. 1.22 Cr with Charge ID 10511222 was registered on 04 Jul 2014.
Charges
A charge with Icici Bank Limited amounted to Rs. 1.50 Cr with Charge ID 10511290 was registered on 04 Jul 2014.
Ceased
Baily Jagadish Vittal ceased to be Director.
14 earlier events are in the company report.
Frequently asked questions
Surabhi Chits is an active public limited company based in Bangalore, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 02 December 1991 (35+ years old) and is registered under CIN U85110KA1991PLC012571.
Surabhi Chits has 3 current directors:
- Bangalore Mohan Dilip - Managing Director
- Bangalore Thirumala Setty Mohan - Whole-Time Director
- Machani Nagaraj Santosh - Additional Director
The latest financial statements of Surabhi Chits on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 22 October 2020. Year-wise statements from 2015 are in the company report.
No. Surabhi Chits has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Surabhi Chits is U85110KA1991PLC012571. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Surabhi Chits has 1,374 court cases on record: 1,094 filed by the company and 280 filed against it. 190 are pending. Most are in the district courts.
Surabhi Chits was incorporated on 02 December 1991, making it 35+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Surabhi Chits by revenue are Maxvalue Nidhi Limited, Srifin Credit Private Limited, Neeladri Chit Fund Pvt Ltd, Xavier Nidhi Limited, Kannattu Finance Nidhi Limited and 4 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Malini Siddappa Bangalore ceased to be Director on 18 Jul 2024. Machani Nagaraj Santosh was appointed as Additional Director on 31 May 2023. Machani Nagaraj Santosh ceased to be Whole-Time Director on 28 Jun 2021. Surabhi Chits has 13 board changes on record in total.
Yes, Surabhi Chits is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0143809).
Surabhi Chits can be reached through the website surabhichits.in. Its registered office is in Bangalore, Karnataka, India.
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