Varshan Chits Private Limited
About Varshan Chits Private Limited
Data last updated:
Varshan Chits Private Limited is a private limited company based in Bagalkot, Karnataka, India. It operates in the chit fund and microfinance segment of the financial services sector. It was incorporated on 19 December 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2019PTC130800. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mrutyunjaya Balulmath and Ravi Basawaraj Kumatagi.
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 No. 10 Kumatgi Complex Shop No.5 T.P. 54 Station Road, Bagalkot, Karnataka, India – 587101.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.07 Lakh, a decline of 81% compared to the previous year. For the same year it recorded a net loss of ₹57,280 (net margin -53.6%) and EBITDA of -₹40,820 (EBITDA margin -38.2%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years.
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- Registered AddressNo. 10 Kumatgi Complex Shop No.5 T.P. 54 Station Road, Bagalkot, Karnataka, India – 587101
- IndustryFinancial Services, Chit Fund, Other Financial Intermediation, Kuri Companies
- 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
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Business Activity of Varshan Chits Private Limited
The main business activity of Varshan Chits is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities | 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 Varshan Chits Private Limited FY 2025 filings available
Varshan Chits Private Limited reported revenue of ₹1.07 Lakh (down 81% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Varshan Chits Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 38% over three years, including a 81% fall in the latest year. EBITDA fell 162% 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 Varshan Chits Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹40,820 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹57,280 | •••• | •••• | •••• | •••• |
| 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 Varshan Chits Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -38.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -53.6% | •••• | •••• | •••• | •••• |
| 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 Varshan Chits are in the company report.
Financial statements from FY 2020
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.
Board of Directors of Varshan Chits Private Limited
Varshan Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mrutyunjaya Balulmath | Director | 19 Dec 2019 | 6 Years 10 Months | Current |
| Ravi Basawaraj Kumatagi Also directs: Bagalakot Raitara Belegarara Producer Company Limited | Director | 19 Dec 2019 | 6 Years 10 Months | Current |
Peer Comparison of Varshan Chits Private Limited
Varshan Chits Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Activities auxiliary to financial service and insurance activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shree Prakruthi Financial Consultancy Services Bangalore Private Limited | ₹1.09 Lakh (FY 2024) | •••• | •••• | -39.0% | •••• | Bangalore, Karnataka, India |
| Sure and Solid Investments Private Limited | ₹1.09 Lakh (FY 2024) | •••• | •••• | 51.0% | •••• | Mumbai, Maharashtra, India |
| Ramsons Exim Private Limited | ₹1.08 Lakh (FY 2025) | •••• | •••• | -12.0% | •••• | New Delhi, Delhi, India |
| Artemis Advisors Private Limited | ₹1.08 Lakh (FY 2025) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
| Kherapati Micro Services Foundation | ₹1.08 Lakh (FY 2025) | •••• | •••• | •••• | Churu, Rajasthan, India | |
| Varshan Chits Private Limited this company | ₹1.07 Lakh (FY 2025) | •••• | •••• | -81.0% | •••• | Bagalkot, Karnataka, India |
| Shri Adinath Advertising Company Private Limited | ₹1.07 Lakh (FY 2025) | •••• | •••• | 2.0% | •••• | New Delhi, Delhi, India |
| Bangojivika Nidhi Limited | ₹1.07 Lakh (FY 2025) | •••• | •••• | 7.0% | •••• | Maldah, West Bengal, India |
| Deeyem Marine Services Private Limited | ₹1.06 Lakh (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Kokas Finserv Private Limited | ₹1.05 Lakh (FY 2025) | •••• | •••• | 145.0% | •••• | Mumbai, Maharashtra, India |
| Akc Consultancy Pvt Ltd | ₹1.05 Lakh (FY 2025) | •••• | •••• | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Varshan Chits by revenue in the same principal business activity (Activities auxiliary to financial service and insurance activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Ownership and Shareholding of Varshan Chits 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 Varshan Chits Private Limited
Varshan Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Varshan Chits Private Limited
Employment history and EPFO contributions of people linked to Varshan Chits.
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 Varshan Chits Private Limited
Varshan Chits Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Mrutyunjaya Balulmath was appointed as Director on 19 Dec 2019.
Credit Ratings, Litigation & Regulatory Alerts for Varshan Chits 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 Varshan Chits 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 Varshan Chits 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 Varshan Chits Private Limited
Varshan Chits has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Varshan Chits 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 Varshan Chits Private Limited
Varshan Chits is an active private limited company based in Bagalkot, Karnataka, India. The company works in chit fund, within the financial services industry. It was incorporated on 19 December 2019 (7+ years old) and is registered under CIN U65992KA2019PTC130800.
Varshan Chits reported revenue of ₹1.07 Lakh for FY 2025 (down 81% YoY).
Varshan Chits has 2 current directors:
- Mrutyunjaya Balulmath - Director
- Ravi Basawaraj Kumatagi - Director
Varshan Chits reported a net loss of ₹57,280 (net margin -53.6%) and EBITDA of -₹40,820 (EBITDA margin -38.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Varshan Chits is -38% over three years. In the latest year (FY 2025) revenue fell 81%. CAGR is the steady yearly rate that links the first and the last year.
No. Varshan Chits has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Varshan Chits is U65992KA2019PTC130800. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varshan Chits was incorporated on 19 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Varshan Chits by revenue are Shree Prakruthi Financial Consultancy Services Bangalore Private Limited, Sure and Solid Investments Private Limited, Ramsons Exim Private Limited, Artemis Advisors Private Limited, Kherapati Micro Services Foundation and 5 more, all in the same principal business activity (Activities auxiliary to financial service and insurance activities).
Mrutyunjaya Balulmath was appointed as Director on 19 Dec 2019. Ravi Basawaraj Kumatagi was appointed as Director on 19 Dec 2019.
The registered office of Varshan Chits is at No. 10 Kumatgi Complex Shop No.5 T.P. 54 Station Road, Bagalkot, Karnataka, India – 587101.