Umid Chits Private Limited
About Umid Chits Private Limited
Data last updated:
Umid Chits Private Limited was a private limited company based in Chandrapur, Maharashtra, 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 fund segment of the financial services sector. It was incorporated on 20 January 2014.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2014PTC252295.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Shrawan Motiram Khobragade and Dhananjay Dadaji Aglave.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at H.No – 496 At Urjanagar Dl – 1, Chandrapur, Maharashtra, India – 442402.
As per the financials filed for FY 2016, the company reported a revenue of ₹2.42 Lakh, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹11,359 (net margin 4.7%) and EBITDA of ₹28,615 (EBITDA margin 11.8%).
Court records list 2 cases involving the company, including 2 filed against it; 2 cases are pending.
Company details
Contact details
Umid Chits Private Limited's registered office is in Chandrapur, Maharashtra.
- Registered AddressH.No – 496 At Urjanagar Dl – 1, Chandrapur, Maharashtra, India – 442402
- IndustryFinancial Services, Fund, Other Financial Holding, Trust
- 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 Umid 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 Umid Chits Private Limited, buy the company report.
Financials of Umid Chits Private Limited
FY 2016 filings availableUmid Chits Private Limited reported revenue of ₹2.42 Lakh (up 23% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 23% in the latest year. EBITDA fell 20% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
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| Depreciation and Amortisation | ||
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| Total Expenses | ||
| EBITDA | ₹28,615 | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹11,359 | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
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| Investments | ||
| Inventories | ||
| Trade Receivables | ||
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Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 11.8% | |
| Net Profit Margin | 4.7% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
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| Efficiency and Growth | ||
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| Receivable Days | ||
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To see the full financial statements and ratios of Umid Chits Private Limited, buy the company report.
Board of directors of Umid Chits Private Limited
Umid Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shrawan Motiram Khobragade | Director | 20 Jan 2014 | 12 Years 9 Months | As last reported |
| Dhananjay Dadaji Aglave | Director | 20 Jan 2014 | 12 Years 9 Months | As last reported |
Peer comparison
Umid Chits Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (activities by trusts, funds and other financial holding companies), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cas Chit Fund (Nagpur) Private Limited | ₹2.74 Lakh (FY 2021) | 20.0% | Nagpur, Maharashtra, India | |||
| Deshabandhu Microfinance and Livelihood Institution | ₹2.73 Lakh (FY 2025) | -12.0% | Silchar, Assam, India | |||
| Rhino Finance Private Limited | ₹2.67 Lakh (FY 2024) | -95.0% | Assam, India | |||
| Bhabhya & Bhairavi Associates Private Limited | ₹2.6 Lakh (FY 2025) | 33.0% | Varanasi, Uttar Pradesh, India | |||
| Adhyatma Investments Private Limited | ₹2.45 Lakh (FY 2017) | -1.0% | Mumbai, Maharashtra, India | |||
| Umid Chits Private Limitedthis company | ₹2.42 Lakh (FY 2016) | ₹11,359 | 4.7% | 23.0% | Chandrapur, Maharashtra, India | |
| C Mahendra Capital Limited | ₹2.36 Lakh (FY 2018) | 228.0% | Mumbai, Maharashtra, India | |||
| SDR Chit Private Limited | ₹2.35 Lakh (FY 2018) | 105.0% | Tuticorin, Tamil Nadu, India | |||
| Shashi Kiran Chits Private Limited | ₹2.3 Lakh (FY 2017) | -49.0% | Bangalore, Karnataka, India | |||
| Varcas Humanitarian Foundation | ₹2.25 Lakh (FY 2025) | 137.0% | Silchar, Assam, India | |||
| Leela Micro Benefit Federation | ₹2.22 Lakh (FY 2024) | -75.0% | Varanasi, Uttar Pradesh, India |
To see the full peer comparison of Umid Chits Private Limited, buy the company report.
Legal cases
Umid Chits Private Limited has 2 court cases on record: 2 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chandrapur, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Chandrapur, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Umid 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 Umid 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 Umid Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Umid Chits Private Limited has 2 board changes on record since 2014: 2 appointments. The latest: Dhananjay Dadaji Aglave was appointed as Director on 20 Jan 2014.
Frequently asked questions
Umid 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.
Umid Chits was a private limited company based in Chandrapur, Maharashtra, India. The company worked in fund, within the financial services industry. It was incorporated on 20 January 2014 and is registered under CIN U74999MH2014PTC252295. The company has been struck off by the Registrar of Companies and is no longer operational.
Umid Chits had 2 directors:
- Shrawan Motiram Khobragade - Director
- Dhananjay Dadaji Aglave - Director
The CIN (Corporate Identification Number) of Umid Chits is U74999MH2014PTC252295. 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 Umid Chits is at H.No – 496 At Urjanagar Dl – 1, Chandrapur, Maharashtra, India – 442402.
Umid Chits was incorporated on 20 January 2014. It is registered with the Registrar of Companies, Mumbai.
The latest financial statements of Umid Chits on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
Umid Chits operated in the financial services industry, in the fund segment. It worked in this industry before it was struck off.
The peers of Umid Chits by revenue are Cas Chit Fund (Nagpur) Private Limited, Deshabandhu Microfinance and Livelihood Institution, Rhino Finance Private Limited, Bhabhya & Bhairavi Associates Private Limited, Adhyatma Investments Private Limited and 5 more, all in the same principal business activity (activities by trusts, funds and other financial holding companies).
Umid Chits has 2 court cases on record: 2 filed against it. 2 are pending.
Dhananjay Dadaji Aglave was appointed as Director on 20 Jan 2014. Shrawan Motiram Khobragade was appointed as Director on 20 Jan 2014.