Vee-Eff Chits Private Limited
About Vee-Eff Chits Private Limited
Data last updated:
Vee-Eff Chits Private Limited is a private limited company based in Mysore, Karnataka, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 06 July 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA1984PTC006205. Its GSTIN is 29AACCV0030G1ZP (Karnataka).
The company has an authorised share capital of ₹9 Lakh and a paid-up capital of ₹8.51 Lakh. It is led by directors including Krishnam Appaiasetty Jayaprakash and Budagutta Sundararamaswamysetty Sathyanarayana.
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.9/2 Newl 350 Silvertower Building Ashoka Road Mysore., Karnataka, India – 570001.
As per the financials filed for FY 2024, the company reported a revenue of ₹28.59 Lakh, a decline of 29% compared to the previous year. For the same year it recorded a net loss of ₹1.91 Lakh (net margin -6.7%) and EBITDA of ₹8.39 Lakh (EBITDA margin 29.3%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 10% over five years.
Court records list 4 cases involving the company, including 2 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNo.9/2 Newl 350 Silvertower Building Ashoka Road Mysore., Karnataka, India – 570001
- IndustryFinancial Services, Diversified Financial Services
- 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 Vee-Eff Chits Private Limited
The main business activity of Vee-Eff 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 Vee-Eff Chits Private Limited FY 2025 filings available
Vee-Eff Chits Private Limited reported revenue of ₹28.59 Lakh (down 29% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Vee-Eff Chits Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 29% fall in the latest year. EBITDA fell 10% 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 Vee-Eff Chits 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 | ₹8.39 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.91 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 Vee-Eff Chits Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 29.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -6.7% | •••• | •••• | •••• | •••• |
| 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 Vee-Eff Chits 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.
Board of Directors of Vee-Eff Chits Private Limited
Vee-Eff Chits has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishnam Appaiasetty Jayaprakash | Director | 29 Dec 2018 | 7 Years 9 Months | Current |
| Budagutta Sundararamaswamysetty Sathyanarayana Also directs: S and S Co Mysore Private Limited | Director | 29 Dec 2018 | 7 Years 9 Months | Current |
| Krishnam Somashekara Gupta Sreenath | Director | 17 Sep 2021 | 5 Years 1 Months | Current |
Peer Comparison of Vee-Eff Chits Private Limited
Vee-Eff Chits Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Other Financial Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Baaz Agrinnovations Private Limited | ₹28.71 Lakh (FY 2024) | •••• | •••• | 83.0% | •••• | Gurgaon, Haryana, India |
| Z X Drugs Private Limited | ₹28.66 Lakh (FY 2025) | •••• | •••• | 19.0% | •••• | Karnal, Haryana, India |
| Network Capital Markets Limited | ₹28.65 Lakh (FY 2025) | •••• | •••• | -59.0% | •••• | Indore, Madhya Pradesh, India |
| Flexible Commercial Private Limited | ₹28.63 Lakh (FY 2025) | •••• | •••• | 963.0% | •••• | Kolkata, West Bengal, India |
| Balajimudra Services Private Limited | ₹28.6 Lakh (FY 2025) | •••• | •••• | -71.0% | •••• | Nashik, Maharashtra, India |
| Vee-Eff Chits Private Limited this company | ₹28.59 Lakh (FY 2024) | •••• | •••• | -29.0% | •••• | Mysore, Karnataka, India |
| Flyfox Finvest Limited | ₹28.58 Lakh (FY 2025) | •••• | •••• | -89.0% | •••• | New Delhi, Delhi, India |
| O.S.Leasing Ltd | ₹28.56 Lakh (FY 2025) | •••• | •••• | -1.0% | •••• | Bikaner, Rajasthan, India |
| Kamdhenu Tradefin Pvt Ltd | ₹28.55 Lakh (FY 2025) | •••• | •••• | -8.0% | •••• | Kolkata, West Bengal, India |
| Saksham Apparels Limited | ₹28.55 Lakh (FY 2019) | •••• | •••• | 59.0% | •••• | New Delhi, Delhi, India |
| K M F Limited | ₹28.54 Lakh (FY 2016) | •••• | •••• | 45.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Vee-Eff Chits by revenue in the BFSI industry (Other Financial Services), 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 Vee-Eff Chits Private Limited
Vee-Eff Chits Private Limited is audited by SRINIVASA MURTHY & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SRINIVASA MURTHY & 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.
Ownership and Shareholding of Vee-Eff 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 Vee-Eff Chits Private Limited
Vee-Eff Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Vee-Eff Chits Private Limited
Vee-Eff Chits Private Limited has 4 court cases on record: 2 filed by Vee-Eff Chits, 2 where it is another party. All cases are disposed. Status as checked between 01 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, MYSURU, Karnataka | Execution petition | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Court case (I.C.) | Company is another party | Disposed |
| District court, MYSURU, Karnataka | Civil suit | Company is another party | Disposed |
| District court, MYSURU, Karnataka | Execution petition | Filed by the company against an individual | Disposed |
Full case history
All 4 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 Vee-Eff Chits Private Limited
Employment history and EPFO contributions of people linked to Vee-Eff 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 Vee-Eff Chits Private Limited
Vee-Eff Chits Private Limited has 11 board changes on record since 2018: 3 appointments and 8 cessations. The latest: Krishnam Vishwanatha Nagendra ceased to be Director on 06 Sep 2022.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Vee-Eff 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 Vee-Eff 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 Vee-Eff 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 Vee-Eff Chits Private Limited
Vee-Eff Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCV0030G1ZP | 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 Vee-Eff 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 Vee-Eff Chits Private Limited
Vee-Eff Chits is an active private limited company based in Mysore, Karnataka, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 06 July 1984 (42+ years old) and is registered under CIN U65992KA1984PTC006205.
Vee-Eff Chits reported revenue of ₹28.59 Lakh for FY 2024 (down 29% YoY).
Vee-Eff Chits has 3 current directors:
- Krishnam Appaiasetty Jayaprakash - Director
- Budagutta Sundararamaswamysetty Sathyanarayana - Director
- Krishnam Somashekara Gupta Sreenath - Director
Vee-Eff Chits reported a net loss of ₹1.91 Lakh (net margin -6.7%) and EBITDA of ₹8.39 Lakh (EBITDA margin 29.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vee-Eff Chits is -13% over three years and -10% over five years. In the latest year (FY 2024) revenue fell 29%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Vee-Eff Chits is 29AACCV0030G1ZP, registered in Karnataka.
The CIN (Corporate Identification Number) of Vee-Eff Chits is U65992KA1984PTC006205. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vee-Eff Chits has 4 court cases on record: 2 filed by the company.
Vee-Eff Chits was incorporated on 06 July 1984, making it 42+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Vee-Eff Chits by revenue are Baaz Agrinnovations Private Limited, Z X Drugs Private Limited, Network Capital Markets Limited, Flexible Commercial Private Limited, Balajimudra Services Private Limited and 5 more, all in the BFSI industry (Other Financial Services).
Krishnam Vishwanatha Nagendra ceased to be Director on 06 Sep 2022. Krishnam Somashekara Gupta Sreenath ceased to be Additional Director on 30 Nov 2021. Krishnam Ramanathasetty Somashekaraguptha ceased to be Director on 17 Sep 2021. Vee-Eff Chits has 11 board changes on record in total.