Tulunadu Chits Private Limited
About Tulunadu Chits Private Limited
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Tulunadu Chits Private Limited is a private limited company based in Mangalore, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 06 December 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2012PTC067044. Its GSTIN is 29AAECT4650Q1ZM (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Geetha Shetty and Sandesh Mahabala Shetty.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No. 302 Marian Paradise Avenue Bikarnakatte, Mangalore, Karnataka, India – 575005.
As per the financials filed for FY 2023, the company reported a revenue of ₹43.9 Lakh, a growth of 63% compared to the previous year. For the same year it recorded a net loss of ₹1.08 Lakh (net margin -2.5%) and EBITDA of ₹6.18 Lakh (EBITDA margin 14.1%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 3% over five years.
The company is associated with 1 brand: Tulunadu Jobs. As per MCA filings, the company has open charges of ₹40.06 Lakh on record. Court records list 50 cases involving the company, including 50 filed by the company; 6 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Tulunadu Chits Private Limited's registered office is in Mangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressNo. 302 Marian Paradise Avenue Bikarnakatte, Mangalore, Karnataka, India – 575005
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Tulunadu 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
Brands
Tulunadu Chits operates one associated brand: Tulunadu Jobs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Functions as an online job portal for various industries. | tulunadu.online |
Business activity
The main business activity of Tulunadu 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 Tulunadu Chits Private Limited, buy the company report.
Financials of Tulunadu Chits Private Limited
FY 2023 filings availableTulunadu Chits Private Limited reported revenue of ₹43.9 Lakh (up 63% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 63% growth in the latest year. EBITDA rose 14% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹43.9 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.18 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.08 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.1% | ||||
| Net Profit Margin | -2.5% | ||||
| 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 Tulunadu Chits Private Limited, buy the company report.
Board of directors of Tulunadu Chits Private Limited
Tulunadu Chits has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Geetha Shetty | Director | 22 Feb 2025 | 1 Years 8 Months | Current |
| Sandesh Mahabala Shetty Also directs: Sri Kadri Ventures LLP | Director | 06 Dec 2012 | 13 Years 10 Months | Current |
Peer comparison
Tulunadu Chits Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Tana Kuries Private Limited | ₹44.48 Lakh (FY 2025) | -10.0% | Thrissur, Kerala, India | |||
| Vellara Nidhi Limited | ₹44.21 Lakh (FY 2025) | 36.0% | Thrissur, Kerala, India | |||
| Aanya Development Services | ₹44.13 Lakh (FY 2019) | 3.0% | Lucknow, Uttar Pradesh, India | |||
| Tulunadu Chits Private Limitedthis company | ₹43.9 Lakh (FY 2023) | -₹1.08 Lakh | -2.5% | 63.0% | Mangalore, Karnataka, India | |
| Vedant India Micro Finance Foundation | ₹43.49 Lakh (FY 2025) | -18.0% | Mirzapur, Uttar Pradesh, India |
To see the full peer comparison of Tulunadu Chits Private Limited, buy the company report.
Auditor
Tulunadu Chits Private Limited is audited by MAHESHA KUMARA K for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAHESHA KUMARA K | FY 2023 | 203972 |
Shareholding
The shareholding of Tulunadu Chits Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Tulunadu Chits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2025 | 101139577 | Hdfc Bank Limited | ₹29.41 Lakh | Open | |
| 14 Oct 2023 | 100890506 | Hdfc Bank Limited | ₹10.65 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Tulunadu Chits Private Limited has 50 court cases on record: 50 filed by Tulunadu Chits. 6 cases are pending and 44 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 50 | 0 | 6 |
Cases on record (5 of 50)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DAKSHINA KANNADA, Karnataka | Court case (Ex.C) | Filed by the company against an individual | Pending |
| District court, DAKSHINA KANNADA, Karnataka | Court case (Ex.C) | Filed by the company against an individual | Pending |
| District court, DAKSHINA KANNADA, Karnataka | Court case (Ex.C) | Filed by the company against an individual | Pending |
| District court, UDUPI, Karnataka | Court case (Ex.C) | Filed by the company against individuals | Pending |
| District court, DAKSHINA KANNADA, Karnataka | Court case (Ex.C) | Filed by the company against individuals | Pending |
To see the full case history of Tulunadu 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 Tulunadu Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Tulunadu Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECT4650Q1ZM | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tulunadu Chits Private Limited, buy the company report.
Recent activity
Tulunadu Chits Private Limited has 7 board changes on record since 2012: 2 appointments and 5 cessations. The latest: Geetha Shetty was appointed as Director on 22 Feb 2025.
Frequently asked questions
Tulunadu Chits is an active private limited company based in Mangalore, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 06 December 2012 (14+ years old) and is registered under CIN U65992KA2012PTC067044.
Tulunadu Chits has 2 current directors:
- Geetha Shetty - Director
- Sandesh Mahabala Shetty - Director
The latest financial statements of Tulunadu Chits on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Tulunadu Chits is 29AAECT4650Q1ZM, registered in Karnataka.
The CIN (Corporate Identification Number) of Tulunadu Chits is U65992KA2012PTC067044. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tulunadu Chits has 50 court cases on record: 50 filed by the company. 6 are pending.
Tulunadu Chits was incorporated on 06 December 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Tulunadu Chits by revenue are Tana Kuries Private Limited, Vellara Nidhi Limited, Aanya Development Services, Vedant India Micro Finance Foundation, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Geetha Shetty was appointed as Director on 22 Feb 2025. Yatheesha Kuntrodi Sundara ceased to be Director on 22 Feb 2025. Chethan Narayan Shetty ceased to be Director on 03 Feb 2015. Tulunadu Chits has 7 board changes on record in total.
The registered office of Tulunadu Chits is at No. 302 Marian Paradise Avenue Bikarnakatte, Mangalore, Karnataka, India – 575005.
Tulunadu Chits operates in the financial services industry, in the microfinance institutions segment.