Vasavikhannika Chits Private Limited
About Vasavikhannika Chits Private Limited
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Vasavikhannika Chits Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 25 November 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2009PTC051623. Its GSTIN is 29AADCV9008P1ZL (Karnataka).
The company has an authorised share capital of ₹9.9 Lakh and a paid-up capital of ₹9.5 Lakh. It is led by directors including Lakkur Ramamurthy Someswara (Managing Director) and Sheshkumar Ambamigangadharasetty.
Its last annual general meeting (AGM) was held on 29 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.3 2nd Floor Sundara Mudliar Street Ulsoor, Bangalore, Karnataka, India – 560008.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.01 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹3.13 Lakh (net margin 3.1%) and EBITDA of ₹4.85 Lakh (EBITDA margin 4.8%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 7% over five years.
The company has about 15 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Vasavikhannika Chits Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.3 2nd Floor Sundara Mudliar Street Ulsoor, Bangalore, Karnataka, India – 560008
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Vasavikhannika 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 Vasavikhannika Chits is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Vasavikhannika Chits Private Limited, buy the company report.
Financials of Vasavikhannika Chits Private Limited
FY 2024 filings availableVasavikhannika Chits Private Limited reported revenue of ₹1.01 Cr (up 23% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 23% growth in the latest year. EBITDA rose 53% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹4.85 Lakh | ||||
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| Net Profit (PAT) | ₹3.13 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 4.8% | ||||
| Net Profit Margin | 3.1% | ||||
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To see the full financial statements and ratios of Vasavikhannika Chits Private Limited, buy the company report.
Board of directors of Vasavikhannika Chits Private Limited
Vasavikhannika Chits has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sheshkumar Ambamigangadharasetty | Director | 10 Jan 2012 | 14 Years 9 Months | Current |
| Talanki Chengal Raya Setty Sanjay Kumar | Director | 10 Jan 2012 | 14 Years 9 Months | Current |
| Maakhm Ananthapadmanabma Setty Anilkumar | Director | 10 Jan 2012 | 14 Years 9 Months | Current |
| Lakkur Ramamurthy Someswara | Managing Director | 25 Nov 2009 | 16 Years 11 Months | Current |
Auditor
Vasavikhannika Chits Private Limited is audited by NAGESHK S for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NAGESHK S | FY 2023 | 024636 |
Shareholding
The shareholding of Vasavikhannika Chits Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vasavikhannika Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Vasavikhannika Chits 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 Vasavikhannika Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vasavikhannika Chits Private Limited has a workforce of 15 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Vasavikhannika Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCV9008P1ZL | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vasavikhannika Chits Private Limited, buy the company report.
Recent activity
Vasavikhannika Chits Private Limited has 6 board changes on record since 2009: 4 appointments and 2 cessations. The latest: Giriraj Prakash ceased to be Director on 12 Aug 2022.
Frequently asked questions
Vasavikhannika Chits is an active private limited company based in Bangalore, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 25 November 2009 (17+ years old) and is registered under CIN U65992KA2009PTC051623.
Vasavikhannika Chits has 4 current directors:
- Lakkur Ramamurthy Someswara - Managing Director
- Sheshkumar Ambamigangadharasetty - Director
- Talanki Chengal Raya Setty Sanjay Kumar - Director
- Maakhm Ananthapadmanabma Setty Anilkumar - Director
The latest financial statements of Vasavikhannika Chits on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 29 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Vasavikhannika Chits is 29AADCV9008P1ZL, registered in Karnataka.
The CIN (Corporate Identification Number) of Vasavikhannika Chits is U65992KA2009PTC051623. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vasavikhannika Chits was incorporated on 25 November 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.
Giriraj Prakash ceased to be Director on 12 Aug 2022. Sathyanarayana Nagaraj ceased to be Director on 22 Aug 2012. Maakhm Ananthapadmanabma Setty Anilkumar was appointed as Director on 10 Jan 2012. Vasavikhannika Chits has 6 board changes on record in total.
The registered office of Vasavikhannika Chits is at No.3 2nd Floor Sundara Mudliar Street Ulsoor, Bangalore, Karnataka, India – 560008.
Vasavikhannika Chits operates in the financial services industry, in the microfinance institutions segment.
The compliance status of Vasavikhannika Chits is compliant as of 25 September 2026. The company is actively filing with the Registrar of Companies.