VVN Chits (Karnataka) Private Limited
About VVN Chits (Karnataka) Private Limited
Data last updated:
VVN Chits (Karnataka) Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 05 November 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2014PTC077052.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Eathamukkala Shivakumar (Whole-Time Director) and Deepa Prabhakar Rao.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.10 24th Main 18th Cross Puttenahalli Main Road J.P Nagar 7th Phase, Bangalore, Karnataka, India – 560078.
As per the financials filed for FY 2024, the company reported a revenue of ₹50.96 Lakh, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹56,794 (net margin 1.1%) and EBITDA of ₹15.39 Lakh (EBITDA margin 30.2%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 11% over five years.
Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending. The company has 1 deal on record (1 rights issue); the latest was in January 2023. Its 10 peer companies in the same principal business activity (activities auxiliary to financial service and insurance activities) are compared by revenue, 5 larger and 5 smaller; the largest is Subh Dharm Chit Fund Private Limited with revenue of ₹51.19 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNo.10 24th Main 18th Cross Puttenahalli Main Road J.P Nagar 7th Phase, Bangalore, Karnataka, India – 560078
- 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
The main business activity of VVN Chits (Karnataka) 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
Financials of VVN Chits (Karnataka) Private Limited
FY 2025 filings availableVVN Chits (Karnataka) Private Limited reported revenue of ₹50.96 Lakh (down 14% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 14% fall in the latest year. EBITDA rose 7% 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 2019-20 to FY 2022-23in the company report |
|---|---|---|
| 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 | ₹15.39 Lakh | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹56,794 | |
| 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
| Metrics | FY 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 30.2% | |
| Net Profit Margin | 1.1% | |
| 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, and every line for FY 2019-20 to FY 2022-23, 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 VVN Chits (Karnataka) are in the company report.
: available in the company report
Board of Directors of VVN Chits (Karnataka) Private Limited
VVN Chits (Karnataka) has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Eathamukkala Shivakumar | Whole-Time Director | 15 Jan 2021 | 5 Years 9 Months | Current |
| Deepa Prabhakar Rao | Director | 22 Jan 2020 | 6 Years 9 Months | Current |
| Manyam Venugopal | Director | 05 Nov 2014 | 11 Years 11 Months | Current |
Peer Comparison
VVN Chits (Karnataka) 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 |
|---|---|---|---|---|---|---|
| Subh Dharm Chit Fund Private Limited | ₹51.19 Lakh (FY 2024) | •••• | •••• | 459.0% | •••• | Chennai, Tamil Nadu, India |
| Vani Chit Enterprises Madanapalli Private Limited | ₹51.18 Lakh (FY 2025) | •••• | •••• | 52.0% | •••• | Madanapalli, Andhra Pradesh, India |
| Gunjan Distributors Pvt Ltd | ₹50.99 Lakh (FY 2025) | •••• | •••• | -3.0% | •••• | Delhi, India |
| Sam Holdings (Bombay) Pvt Ltd | ₹50.98 Lakh (FY 2025) | •••• | •••• | -36.0% | •••• | Mumbai, Maharashtra, India |
| Totsol Financial Services Limited | ₹50.97 Lakh (FY 2025) | •••• | •••• | 21.0% | •••• | Delhi, India |
| VVN Chits (Karnataka) Private Limited this company | ₹50.96 Lakh (FY 2024) | •••• | •••• | -14.0% | •••• | Bangalore, Karnataka, India |
| Atn Leasing and Finance Limited | ₹50.88 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Delhi, India |
| Trinity RCM Solutions Private Limited | ₹50.87 Lakh (FY 2025) | •••• | •••• | 64.0% | •••• | Mysore, Karnataka, India |
| Fow Consultant (OPC) Private Limited | ₹50.84 Lakh (FY 2025) | •••• | •••• | -6.0% | •••• | Kanayannur, Kerala, India |
| Vidisha Stock Broking Company Private Limited | ₹50.82 Lakh (FY 2025) | •••• | •••• | -37.0% | •••• | Mumbai, Maharashtra, India |
| Techno Securities (India) Pvt Ltd | ₹50.78 Lakh (FY 2025) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
Peers are the companies nearest to VVN Chits (Karnataka) by revenue, above and below it, 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.
Auditor Details
VVN Chits (Karnataka) Private Limited is audited by G K MOORTHY & ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G K MOORTHY & ASSOCIATES | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
VVN Chits (Karnataka) Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding
VVN Chits (Karnataka) Private Limited has 1 deal on record (1 rights issue); the latest was in January 2023.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2023 | Rights issue | ₹9 Lakh | Investors: 2 individuals |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
VVN Chits (Karnataka) Private Limited has 2 court cases on record: 2 filed by VVN Chits (Karnataka). 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Disposed |
: available in the company report
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
Employment history and EPFO contributions of people linked to VVN Chits (Karnataka).
: available in the company report
Recent Activity
VVN Chits (Karnataka) Private Limited has 4 board changes on record since 2014: 3 appointments and 1 cessation. The latest: Eathamukkala Shivakumar was appointed as Whole-Time Director on 15 Jan 2021.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
VVN Chits (Karnataka) is an active private limited company based in Bangalore, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 05 November 2014 (12+ years old) and is registered under CIN U65992KA2014PTC077052.
VVN Chits (Karnataka) has 3 current directors:
- Eathamukkala Shivakumar - Whole-Time Director
- Deepa Prabhakar Rao - Director
- Manyam Venugopal - Director
The latest financial statements of VVN Chits (Karnataka) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of VVN Chits (Karnataka) is U65992KA2014PTC077052. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VVN Chits (Karnataka) has 2 court cases on record: 2 filed by the company. 1 is pending.
VVN Chits (Karnataka) was incorporated on 05 November 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
VVN Chits (Karnataka) has 1 deal on record (1 rights issue); the latest was in January 2023.
The peers of VVN Chits (Karnataka) by revenue are Subh Dharm Chit Fund Private Limited, Vani Chit Enterprises Madanapalli Private Limited, Gunjan Distributors Pvt Ltd, Sam Holdings (Bombay) Pvt Ltd, Totsol Financial Services Limited and 5 more, all in the same principal business activity (activities auxiliary to financial service and insurance activities).
Eathamukkala Shivakumar was appointed as Whole-Time Director on 15 Jan 2021. Deepa Prabhakar Rao was appointed as Director on 22 Jan 2020. Pemmasani Vasu ceased to be Director on 22 Jan 2020. VVN Chits (Karnataka) has 4 board changes on record in total.
The registered office of VVN Chits (Karnataka) is at No.10 24th Main 18th Cross Puttenahalli Main Road J.P Nagar 7th Phase, Bangalore, Karnataka, India – 560078.
VVN Chits (Karnataka) operates in the financial services industry, in the financial activities segment.