Virchakra Chits Private Limited - Company Profile

It is a financial services private limited company based in Bangalore, Karnataka, India, established in 1990.
1990 Bangalore, Karnataka, India Active
Last Updated:
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About Virchakra Chits Private Limited

Virchakra Chits Private Limited, a active private limited company, was established on 27 September 1990 in Bangalore, Karnataka, India. Engaging in microfinance institutions within the financial and insurance service sector, it holds CIN: U65992KA1990PTC011248. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹1.50 M and a paid-up capital of ₹0.90 M.

It upholds a compliant status. Its leadership includes Honnudike Suresh Kavyanka (Managing Director), Gulur Suresh Revanna Manjula (Director). Past directors included Aryappa Honnudike Suresh Shetty, Honnudike Suresh Kavyanka, Narayanaghatta Jayaprakash. It holds ₹2.25 M open charges and no settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at No.64, 1 Floor, Maruthi Plazadvg Road,, Bangalore, Karnataka, 560004.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
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Company Details

  • CIN/LLPIN

    U65992KA1990PTC011248

  • Registration Number

    011248

  • Incorporation Date

    27 September 1990

  • Authorized Capital

    ₹1.50 M

  • Paid-Up Capital

    ₹0.90 M

  • ROC Code

    Roc Bangalore

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 1.50 M
  • Paid Up Capital ₹ 0.90 M
  • Company Age 35 Year, 4 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 2.25 M
  • Revenue Growth **** 19.98%
  • Profit Growth **** 224.88%
  • Ebitda **** 94.69%
  • Net Worth 133.48%
  • Total Assets **** 2.06%
Company report

Virchakra Chits Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Virchakra Chits Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Virchakra Chits Private Limited?
Current Directors
Name Designation Appointment Date Status
Honnudike Suresh Kavyanka Managing Director 22 Jul 2013 Current
Gulur Suresh Revanna Manjula Director 29 Sep 1998 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Managing Director 01 Aug 2014 Past
Pramod Abcsdd Director 04 Aug 2014 Past
Pramod Abcsdd Director 28 Oct 2010 Past

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Financial Performance of Virchakra Chits.

Virchakra Chits Private Limited, for the financial year ended 2020, experienced significant growth in revenue, with a 19.98% increase. The company also saw a substantial improvement in profitability, with a 224.88% increase in profit. The company's net worth Soared by an impressive increase of 133.48%.

Virchakra Chits revenue growth over time
Virchakra Chits profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 19.98%
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*******
*******
*******
Revenue from Operations
*******
 22.54%
*******
*******
*******
*******
Total Assets
*******
 2.06%
*******
*******
*******
*******
Profit or Loss
*******
 224.88%
*******
*******
*******
*******
Net Worth
*******
 133.48%
*******
*******
*******
*******
EBITDA
*******
 94.69%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Virchakra Chits?

In 2020, Virchakra Chits had a promoter holding of 53.94% and a public holding of 46.06%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹2,250,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • Others : 0.18 Cr
  • The Karur Vysya Bank Limited : 0.05 Cr
Latest Charge Details
Date Lender Amount Status
15 Mar 2024 Others ₹1.80 M Open
30 Apr 2011 The Karur Vysya Bank Limited ₹0.45 M Open

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How Many Employees Work at Virchakra Chits?

Unlock and access historical data on people associated with Virchakra Chits, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Virchakra Chits, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Virchakra Chits's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Virchakra Chits
Recent Activity within the Organization
  • Annual General Meeting

    Virchakra Chits Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    Virchakra Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore. was recorded as a recent event.

  • Charges

    Progress on A charge with Others amounted to Rs. 1.80 M with Charge ID 100880209 was registered on 15 Mar 2024. was documented.

  • Director Appointment

    Progress on Honnudike Suresh Kavyanka was appointed as a Managing Director was appointed as a Managing Director on 22 Jul 2013 & has been associated with this company since 12 years 6 months . was documented.

  • Charges

    The activity A charge with The Karur Vysya Bank Limited amounted to Rs. 0.45 M with Charge ID 10289278 was registered on 30 Apr 2011. was completed.

  • Director Appointment

    Gulur Suresh Revanna Manjula was appointed as a Director was appointed as a Director on 29 Sep 1998 & has been associated with this company since 27 years 4 months . was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Virchakra Chits Private Limited?

The CIN of Virchakra Chits Private Limited is U65992KA1990PTC011248.

Where is Virchakra Chits Private Limited headquartered?

Virchakra Chits Private Limited is headquartered at No.64, 1 Floor, Maruthi Plazadvg Road,, Bangalore, Karnataka, 560004.

When was Virchakra Chits Private Limited incorporated?

Virchakra Chits Private Limited was incorporated on 27 September 1990.

Who are the current directors of Virchakra Chits Private Limited?

The current directors of Virchakra Chits Private Limited are

What is the primary industry of Virchakra Chits Private Limited?

The primary industry of Virchakra Chits Private Limited is Financial And Insurance Service.

Is Virchakra Chits Private Limited a listed company?

Virchakra Chits Private Limited is unlisted.

What is the capital structure of Virchakra Chits Private Limited?

The authorized capital of Virchakra Chits Private Limited is ₹1.50 M, and the paid-up capital is ₹0.90 M.

What is the compliance status of Virchakra Chits Private Limited?

The compliance status of Virchakra Chits Private Limited is Compliant.

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