Suvarnanidhi Chits Private Limited
About Suvarnanidhi Chits Private Limited
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Suvarnanidhi Chits Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 27 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2015PTC083707.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Channaiah Kariyappa and Rajesh Shivanna.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2020, the company reported a revenue of ₹9.75 Lakh, a decline of 4% compared to the previous year. For the same year it recorded a net loss of ₹33,447 (net margin -3.4%) and EBITDA of -₹9,788 (EBITDA margin -1%). Revenue has grown at a compounded annual rate (CAGR) of 71% over three years.
Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Suvarnanidhi Chits Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.266/10 Magadi Road Bairappa Building Mutturaya Swamy Layout Sunkadakate Vishwaneedam Po, St, Bangalore, Karnataka, India – 560091
- IndustryFinancial Services, Financial Activities
To see the full contact details of Suvarnanidhi 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 Suvarnanidhi 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 Suvarnanidhi Chits Private Limited, buy the company report.
Financials of Suvarnanidhi Chits Private Limited
FY 2020 filings availableSuvarnanidhi Chits Private Limited reported revenue of ₹9.75 Lakh (down 4% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 71%. EBITDA fell 131% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | -₹9,788 | ||||
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| Net Profit (PAT) | -₹33,447 | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1% | ||||
| Net Profit Margin | -3.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Suvarnanidhi Chits Private Limited, buy the company report.
Board of directors of Suvarnanidhi Chits Private Limited
Suvarnanidhi Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Channaiah Kariyappa | Director | 27 Oct 2015 | 11 Years 0 Months | Current |
| Rajesh Shivanna | Director | 27 Oct 2015 | 11 Years 0 Months | Current |
Peer comparison
Suvarnanidhi 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 |
|---|---|---|---|---|---|---|
| Sigaramthodu Chits Private Limited | ₹9.75 Lakh (FY 2024) | 3446.0% | Tiruvallur, Tamil Nadu, India | |||
| Sri VLS Chits Private Limited | ₹9.75 Lakh (FY 2025) | -54.0% | Bangalore, Karnataka, India | |||
| Shiva Nagalaxmi Chit Fund Private Limited | ₹9.75 Lakh (FY 2016) | -66.0% | Nalgonda, Telangana, India | |||
| Suraksha Kuries Private Limited | ₹9.75 Lakh (FY 2020) | -58.0% | Karimnagar, Telangana, India | |||
| Olive Trade House Pvt Ltd | ₹9.75 Lakh (FY 2024) | -40.0% | Muvattupuzha, Kerala, India | |||
| Suvarnanidhi Chits Private Limitedthis company | ₹9.75 Lakh (FY 2020) | -₹33,447 | -3.4% | -4.0% | Bangalore, Karnataka, India | |
| Kavibalu Chits Private Limited | ₹9.75 Lakh (FY 2024) | 138.0% | Coimbatore, Tamil Nadu, India | |||
| Lilac Vintrade Private Limited | ₹9.75 Lakh (FY 2017) | 4.0% | Kolkata, West Bengal, India | |||
| Vishesh Nirmaan Private Limited | ₹9.74 Lakh (FY 2022) | -52.0% | Kolkata, West Bengal, India | |||
| Shrivridhi Agency Private Limited | ₹9.74 Lakh (FY 2018) | 626.0% | Kolkata, West Bengal, India | |||
| Wellwisher Nidhi Limited | ₹9.74 Lakh (FY 2022) | 10.0% | Thrissur, Kerala, India |
To see the full peer comparison of Suvarnanidhi Chits Private Limited, buy the company report.
Auditor
Suvarnanidhi Chits Private Limited is audited by B.N. SUBRAMANYA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.N. SUBRAMANYA & CO | FY 2017 | 004142S |
Shareholding
The shareholding of Suvarnanidhi 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 Suvarnanidhi Chits Private Limited, buy the company report.
Legal cases
Suvarnanidhi Chits Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Suvarnanidhi 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 Suvarnanidhi 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 Suvarnanidhi Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Suvarnanidhi Chits Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Channaiah Kariyappa was appointed as Director on 27 Oct 2015.
Frequently asked questions
Suvarnanidhi Chits is an active private limited company based in Bangalore, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 27 October 2015 (11+ years old) and is registered under CIN U65992KA2015PTC083707.
Suvarnanidhi Chits has 2 current directors:
- Channaiah Kariyappa - Director
- Rajesh Shivanna - Director
The latest financial statements of Suvarnanidhi Chits on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Suvarnanidhi Chits is U65992KA2015PTC083707. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Suvarnanidhi Chits has 2 court cases on record: 2 filed against it. 1 is pending.
Suvarnanidhi Chits was incorporated on 27 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Suvarnanidhi Chits by revenue are Sigaramthodu Chits Private Limited, Sri VLS Chits Private Limited, Shiva Nagalaxmi Chit Fund Private Limited, Suraksha Kuries Private Limited, Olive Trade House Pvt Ltd and 5 more, all in the same principal business activity (other financial activities).
Channaiah Kariyappa was appointed as Director on 27 Oct 2015. Rajesh Shivanna was appointed as Director on 27 Oct 2015.
The registered office of Suvarnanidhi Chits is at No.26610 Magadi Road Bairappa Building Mutturaya Swamy Layout Sunkadakate Vishwaneedam Po, St, Bangalore, Karnataka, India – 560091.
Suvarnanidhi Chits operates in the financial services industry, in the financial activities segment.
The compliance status of Suvarnanidhi Chits is compliant as of 19 September 2026. The company is actively filing with the Registrar of Companies.
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