Upparatti Chits Private Limited
About Upparatti Chits Private Limited
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Upparatti Chits Private Limited is a private limited company based in Upparatti, Karnataka, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 19 November 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2007PTC044414. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Basappa Maruti Honakuppi (Managing Director) and Subhash Pundlikappa Bhandi.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at At Upparatti Post Maladinni Taluka Gokak, Karnataka, India – 591233.
As per the financials filed for FY 2022, the company reported a revenue of ₹29.38 Lakh, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹2.25 Lakh (net margin 7.6%) and EBITDA of ₹2.26 Lakh (EBITDA margin 7.7%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years.
Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Upparatti Chits Private Limited's registered office is in Upparatti, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressAt Upparatti Post Maladinni Taluka Gokak, Karnataka, India – 591233
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Upparatti 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 Upparatti 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 Upparatti Chits Private Limited, buy the company report.
Financials of Upparatti Chits Private Limited
FY 2022 filings availableUpparatti Chits Private Limited reported revenue of ₹29.38 Lakh (down 15% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 15% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA rose 70% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹2.26 Lakh | ||||
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| Net Profit (PAT) | ₹2.25 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 7.7% | ||||
| Net Profit Margin | 7.6% | ||||
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To see the full financial statements and ratios of Upparatti Chits Private Limited, buy the company report.
Board of directors of Upparatti Chits Private Limited
Upparatti Chits has 9 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subhash Pundlikappa Bhandi | Director | 12 Mar 2021 | 5 Years 7 Months | Current |
| Hanamant Balappa Khichadi | Director | 20 Feb 2012 | 14 Years 8 Months | Current |
| Lakkappa Nirupadi Kadakol | Director | 20 Feb 2012 | 14 Years 8 Months | Current |
| Ramesh Tigadi Pandappa | Director | 20 Feb 2012 | 14 Years 8 Months | Current |
| Ramashidd Satyappa Majjagi | Director | 20 Feb 2012 | 14 Years 8 Months | Current |
| Kareppa Siddappa Kolavi | Director | 20 Feb 2012 | 14 Years 8 Months | Current |
Peer comparison
Upparatti Chits Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Other Financial Services), 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 |
|---|---|---|---|---|---|---|
| Parshvnath Nidhi Limited | ₹29.39 Lakh (FY 2025) | -3.0% | Bundi, Rajasthan, India | |||
| Upparatti Chits Private Limitedthis company | ₹29.38 Lakh (FY 2022) | ₹2.25 Lakh | 7.6% | -15.0% | Upparatti, Karnataka, India | |
| Vite Fintect Private Limited | ₹29.38 Lakh (FY 2024) | 105.0% | Varanasi, Uttar Pradesh, India | |||
| Rameshwar Properties Pvt Ltd | ₹29.37 Lakh (FY 2021) | -24.0% | Kolkata, West Bengal, India | |||
| SGH Mutual Benefits Limited | ₹29.32 Lakh (FY 2018) | 952.0% | Delhi, India |
To see the full peer comparison of Upparatti Chits Private Limited, buy the company report.
Auditor
Upparatti Chits Private Limited is audited by GADADI & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GADADI & ASSOCIATES | FY 2016 | 012501S |
Shareholding
The shareholding of Upparatti Chits Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Upparatti Chits Private Limited, buy the company report.
Legal cases
Upparatti Chits Private Limited has 2 court cases on record: 2 filed by Upparatti Chits. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Upparatti 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 Upparatti Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Upparatti Chits has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Upparatti Chits Private Limited, buy the company report.
Recent activity
Upparatti Chits Private Limited has 11 board changes on record since 2007: 9 appointments and 2 cessations. The latest: Subhash Pundlikappa Bhandi was appointed as Director on 12 Mar 2021.
2 earlier events are in the company report.
Frequently asked questions
Upparatti Chits is an active private limited company based in Upparatti, Karnataka, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 19 November 2007 (19+ years old) and is registered under CIN U65992KA2007PTC044414.
Upparatti Chits has 9 current directors:
- Basappa Maruti Honakuppi - Managing Director
- Subhash Pundlikappa Bhandi - Director
- Hanamant Balappa Khichadi - Director
- Lakkappa Nirupadi Kadakol - Director
- Ramesh Tigadi Pandappa - Director
- Ramashidd Satyappa Majjagi - Director
- Kareppa Siddappa Kolavi - Director
- Gireppa Awwanna Bhandi - Director
- Hanamanth Bhimappa Duragannavar - Director
The latest financial statements of Upparatti Chits on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. Upparatti Chits has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Upparatti Chits is U65992KA2007PTC044414. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Upparatti Chits has 2 court cases on record: 2 filed by the company.
Upparatti Chits was incorporated on 19 November 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Upparatti Chits by revenue are Parshvnath Nidhi Limited, Vite Fintect Private Limited, Rameshwar Properties Pvt Ltd, SGH Mutual Benefits Limited, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).
Subhash Pundlikappa Bhandi was appointed as Director on 12 Mar 2021. Savita Yamanappa Mattikoppa ceased to be Director on 01 Feb 2021. Bhimashi Pundalik Bhandi ceased to be Director on 28 Mar 2014. Upparatti Chits has 11 board changes on record in total.
The registered office of Upparatti Chits is at At Upparatti Post Maladinni Taluka Gokak, Karnataka, India – 591233.
Upparatti Chits operates in the financial services industry, in the diversified financial services segment.