Varahakaya Chit Fund Private Limited
About Varahakaya Chit Fund Private Limited
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Varahakaya Chit Fund Private Limited is a private limited company based in Yagdir, Karnataka, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 08 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65991KA2018PTC112935.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mallappanayak and Santoshkumar Tambaki.
Its last annual general meeting (AGM) was held on 31 December 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at H. No.1 – 372 Laxmi Nagar Gurmitkal, Yagdir, Karnataka, India – 585214.
As per the financials filed for FY 2019, the company reported a revenue of ₹2.76 Lakh. For the same year it recorded a net profit of ₹47,327 (net margin 17.2%) and EBITDA of ₹72,737 (EBITDA margin 26.4%).
Company details
Contact details
Varahakaya Chit Fund Private Limited's registered office is in Yagdir, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressH. No.1 – 372 Laxmi Nagar Gurmitkal, Yagdir, Karnataka, India – 585214
- IndustryFinancial Services, Other Financial Intermediation, Mutual Fund
To see the full contact details of Varahakaya Chit Fund 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 Varahakaya Chit Fund 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 Varahakaya Chit Fund Private Limited, buy the company report.
Financials of Varahakaya Chit Fund Private Limited
FY 2019 filings availableVarahakaya Chit Fund Private Limited reported revenue of ₹2.76 Lakh for FY 2019.
Financial Statement Summary
| Metrics | FY 2018-19 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹2.76 Lakh |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹72,737 |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹47,327 |
| 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 |
|---|---|
| Profitability | |
| EBITDA Margin | 26.4% |
| Net Profit Margin | 17.2% |
| 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 Varahakaya Chit Fund Private Limited, buy the company report.
Board of directors of Varahakaya Chit Fund Private Limited
Varahakaya Chit Fund has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mallappanayak Also directs: Manushree Finance Private Limited | Director | 08 May 2018 | 8 Years 6 Months | Current |
| Santoshkumar Tambaki | Additional Director | 24 Feb 2020 | 6 Years 8 Months | Current |
Peer comparison
Varahakaya Chit Fund 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 |
|---|---|---|---|---|---|---|
| Kala Kamla Chits Private Limited | ₹2.76 Lakh (FY 2025) | 41.0% | Faridabad, Haryana, India | |||
| Ireti Nidhi Limited | ₹2.76 Lakh (FY 2021) | -24.0% | Kolkata, West Bengal, India | |||
| Uttkarsh India Micrope Foundation | ₹2.76 Lakh (FY 2024) | 39.0% | Ballia, Uttar Pradesh, India | |||
| Alice Nidhi Limited | ₹2.76 Lakh (FY 2025) | 19.0% | Jaipur, Rajasthan, India | |||
| Sun Star Business Private Limited | ₹2.76 Lakh (FY 2022) | Kolkata, West Bengal, India | ||||
| Varahakaya Chit Fund Private Limitedthis company | ₹2.76 Lakh (FY 2019) | ₹47,327 | 17.2% | Yagdir, Karnataka, India | ||
| Kallarakkal Kuries Private Limited | ₹2.76 Lakh (FY 2018) | -15.0% | Ernakulam, Kerala, India | |||
| Khubsoorat Leasing and Finance Private Limited | ₹2.76 Lakh (FY 2018) | -20.0% | New Delhi, Delhi, India | |||
| Anukul Financial and Tax Services Private Limited | ₹2.75 Lakh (FY 2024) | 376.0% | Bicholim, Goa, India | |||
| Burlington Properties Pvt.Ltd. | ₹2.75 Lakh (FY 2025) | 5.0% | Kolkata, West Bengal, India | |||
| SKG Fiscals Ltd | ₹2.75 Lakh (FY 2020) | Kolkata, West Bengal, India |
To see the full peer comparison of Varahakaya Chit Fund Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Varahakaya Chit Fund Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Varahakaya Chit Fund 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 Varahakaya Chit Fund Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Varahakaya Chit Fund Private Limited has 3 board changes on record since 2018: 2 appointments and 1 cessation. The latest: Mallikarjun ceased to be Director on 24 Feb 2020.
Frequently asked questions
Varahakaya Chit Fund is an active private limited company based in Yagdir, Karnataka, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 08 May 2018 (8+ years old) and is registered under CIN U65991KA2018PTC112935.
Varahakaya Chit Fund has 2 current directors:
- Mallappanayak - Director
- Santoshkumar Tambaki - Additional Director
The latest financial statements of Varahakaya Chit Fund on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 31 December 2019. Year-wise statements from FY 2019 are in the company report.
The CIN (Corporate Identification Number) of Varahakaya Chit Fund is U65991KA2018PTC112935. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varahakaya Chit Fund was incorporated on 08 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Varahakaya Chit Fund by revenue are Kala Kamla Chits Private Limited, Ireti Nidhi Limited, Uttkarsh India Micrope Foundation, Alice Nidhi Limited, Sun Star Business Private Limited and 5 more, all in the same principal business activity (other financial activities).
Mallikarjun ceased to be Director on 24 Feb 2020. Santoshkumar Tambaki was appointed as Additional Director on 24 Feb 2020. Mallappanayak was appointed as Director on 08 May 2018.
The registered office of Varahakaya Chit Fund is at H. No.1 – 372 Laxmi Nagar Gurmitkal, Yagdir, Karnataka, India – 585214.
Varahakaya Chit Fund operates in the financial services industry, in the other financial intermediation segment.
Varahakaya Chit Fund can be reached at its registered office: H. No.1 – 372 Laxmi Nagar Gurmitkal, Yagdir, Karnataka, India – 585214.
Varahakaya Chit Fund is registered under the jurisdiction of the Registrar of Companies (ROC), Bangalore.
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