Vardai Chit Funds Private Limited
About Vardai Chit Funds Private Limited
Data last updated:
Vardai Chit Funds Private Limited is a private limited company based in Gokak, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 28 April 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2006PTC039152. Its GSTIN is 29AACCV8278J1ZK (Karnataka).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1.8 Lakh. It is led by directors including Mallappa Bhimappa Madihalli and Murusiddappa Yallappa Harugeri.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Cts No. 3303 / 3304 And 3305 Hospeth Road, Gokak, Karnataka, India – 591307.
As per the financials filed for FY 2024, the company reported a revenue of ₹32.13 Lakh, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹1.68 Lakh (net margin 5.2%) and EBITDA of ₹1.83 Lakh (EBITDA margin 5.7%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 2% over five years.
Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressCts No. 3303 / 3304 And 3305 Hospeth Road, Gokak, Karnataka, India – 591307
- IndustryFinancial Services, Financial Activities
- 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
- One PDF report, delivered after checkout
Business Activity of Vardai Chit Funds Private Limited
The main business activity of Vardai Chit Funds is financial and insurance activities. In detail, this covers financial service activities, except insurance and pension funding.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 64 | Financial service activities, except insurance and pension funding | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Vardai Chit Funds Private Limited FY 2025 filings available
Vardai Chit Funds Private Limited reported revenue of ₹32.13 Lakh (up 2% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Vardai Chit Funds Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 2% growth in the latest year. EBITDA rose 18% 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 of Vardai Chit Funds Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.83 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.68 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 of Vardai Chit Funds Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Vardai Chit Funds are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Vardai Chit Funds Private Limited
Vardai Chit Funds Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Chit Funds). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shalinimayee Chit Funds Private Limited | ₹33.4 Lakh (FY 2021) | •••• | •••• | -4.0% | •••• | Telangana, India |
| Cirupa Chit Funds Private Limited | ₹32.82 Lakh (FY 2024) | •••• | •••• | -8.0% | •••• | Kurnool, Andhra Pradesh, India |
| Shakthikumar Chit Funds India Private Limited | ₹32.72 Lakh (FY 2017) | •••• | •••• | -14.0% | •••• | Bangalore, Karnataka, India |
| Kudumbasree Chit Funds Private Limited | ₹32.43 Lakh (FY 2025) | •••• | •••• | 8.0% | •••• | Thrissur, Kerala, India |
| Sri Dhanika Chit Funds Private Limited | ₹32.22 Lakh (FY 2022) | •••• | •••• | 2.0% | •••• | Hyderabad, Telangana, India |
| Vardai Chit Funds Private Limited this company | ₹32.13 Lakh (FY 2024) | •••• | •••• | 2.0% | •••• | Gokak, Karnataka, India |
| Dara Ashok Chit Funds Private Limited | ₹31.85 Lakh (FY 2025) | •••• | •••• | 12.0% | •••• | Sircilla, Telangana, India |
| Saitulasi Chit Funds Private Limited | ₹31.7 Lakh (FY 2025) | •••• | •••• | -54.0% | •••• | Secunderabad, Telangana, India |
| Basavaguru Chit Funds Private Limited | ₹31.49 Lakh (FY 2024) | •••• | •••• | 3.0% | •••• | Gokak, Karnataka, India |
| Sirulu Chit Funds Private Limited | ₹31.1 Lakh (FY 2022) | •••• | •••• | 5.0% | •••• | Warangal, Telangana, India |
| Sunitha Chit Funds Private Limited | ₹30.96 Lakh (FY 2025) | •••• | •••• | 22.0% | •••• | Sindhanur, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Vardai Chit Funds by revenue in the BFSI industry (Chit Funds), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Vardai Chit Funds Private Limited
Vardai Chit Funds Private Limited is audited by S.G.SURESH & CO. for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.G.SURESH & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Vardai Chit Funds Private Limited
Vardai Chit Funds has 9 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Seeta Satish Belgavi Also directs: Suvarnpratibhe Chits Private Limited | Additional Director | 28 Sep 2018 | 8 Years 0 Months | Current |
| Mallappa Bhimappa Madihalli Also directs: Madihalli Chits Private Limited | Director | 25 May 2007 | 19 Years 4 Months | Current |
| Murusiddappa Yallappa Harugeri Also directs: Danamma Devi Chits Private Limited | Director | 25 May 2007 | 19 Years 4 Months | Current |
| Jyoti Ganesh Varadai | Director | 28 Apr 2006 | 20 Years 5 Months | Current |
| Basavaraj Bhimappa Iliger | Director | 25 May 2007 | 19 Years 4 Months | Current |
| Vandana Prakash Varadai | Director | 24 Dec 2018 | 7 Years 9 Months | Current |
Ownership and Shareholding of Vardai Chit Funds Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Vardai Chit Funds Private Limited
Vardai Chit Funds Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Vardai Chit Funds Private Limited
Vardai Chit Funds Private Limited has 1 court case on record: 1 filed by Vardai Chit Funds. All case is disposed. Status as checked on 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against State of Karnataka | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Vardai Chit Funds Private Limited
Employment history and EPFO contributions of people linked to Vardai Chit Funds.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Vardai Chit Funds Private Limited
Vardai Chit Funds Private Limited has 15 board changes on record since 2006: 11 appointments and 4 cessations. The latest: Preet Deepak Bora was appointed as Additional Director on 20 Dec 2024.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Vardai Chit Funds Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Vardai Chit Funds Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Vardai Chit Funds Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Vardai Chit Funds Private Limited
Vardai Chit Funds has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCV8278J1ZK | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Vardai Chit Funds Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Vardai Chit Funds Private Limited
Vardai Chit Funds is an active private limited company based in Gokak, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 28 April 2006 (20+ years old) and is registered under CIN U65992KA2006PTC039152.
Vardai Chit Funds reported revenue of ₹32.13 Lakh for FY 2024 (up 2% YoY).
Vardai Chit Funds has 9 current directors:
- Seeta Satish Belgavi - Additional Director
- Mallappa Bhimappa Madihalli - Director
- Murusiddappa Yallappa Harugeri - Director
- Jyoti Ganesh Varadai - Director
- Basavaraj Bhimappa Iliger - Director
- Vandana Prakash Varadai - Director
- Parashuram Mohanasa Satapute - Director
- Ruhi Santosh Shiraguppi - Director
- Preet Deepak Bora - Additional Director
Vardai Chit Funds reported a net profit of ₹1.68 Lakh (net margin 5.2%) and EBITDA of ₹1.83 Lakh (EBITDA margin 5.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vardai Chit Funds is 7% over three years and 2% over five years. In the latest year (FY 2024) revenue rose 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Vardai Chit Funds is 29AACCV8278J1ZK, registered in Karnataka.
The CIN (Corporate Identification Number) of Vardai Chit Funds is U65992KA2006PTC039152. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vardai Chit Funds has 1 court case on record: 1 filed by the company.
Vardai Chit Funds was incorporated on 28 April 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Vardai Chit Funds by revenue are Shalinimayee Chit Funds Private Limited, Cirupa Chit Funds Private Limited, Shakthikumar Chit Funds India Private Limited, Kudumbasree Chit Funds Private Limited, Sri Dhanika Chit Funds Private Limited and 5 more, all in the BFSI industry (Chit Funds).
Preet Deepak Bora was appointed as Additional Director on 20 Dec 2024. Kiran Maniklal Bora ceased to be Director on 19 Dec 2024. Parashuram Mohanasa Satapute ceased to be Additional Director on 30 Sep 2019. Vardai Chit Funds has 15 board changes on record in total.