Wealth & Growth Chits Private Limited
About Wealth & Growth Chits Private Limited
Data last updated:
Wealth & Growth Chits Private Limited is a private limited company based in Mysore, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 10 March 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2014PTC074043.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Arun Kumar Prakash and Raghavendrarao Venkatarao.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at No 92 New Road Kumbara Koppal, Mysore, Karnataka, India – 570016.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNo 92 New Road Kumbara Koppal, Mysore, Karnataka, India – 570016
- IndustryFinancial Services, Financial Activities, Fund Management
- 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 Wealth & Growth Chits is financial and insurance service. In detail, this covers activities by trusts, funds and other financial holding companies.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K2 | Activities by Trusts, funds and other financial holding companies | 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 Wealth & Growth Chits Private Limited
FY 2019 filings availableWealth & Growth Chits Private Limited reported revenue of ₹32 (down 100% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 91% over three years. 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 2018-19 | FY 2014-15 to FY 2017-18in 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 | •••• | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | •••• | |
| 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 2018-19 | FY 2014-15 to FY 2017-18in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | •••• | |
| Net Profit Margin | •••• | |
| 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 2014-15 to FY 2017-18, 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 Wealth & Growth Chits are in the company report.
: available in the company report
Board of Directors of Wealth & Growth Chits Private Limited
Wealth & Growth Chits has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arun Kumar Prakash | Director | 10 Mar 2014 | 12 Years 7 Months | Current |
| Raghavendrarao Venkatarao | Director | 25 Jul 2016 | 10 Years 2 Months | Current |
Peer Comparison
Wealth & Growth Chits Private Limited is compared with the companies closest to it by revenue in the same principal business activity (activities by trusts, funds and other financial holding companies). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aml Chit Funds Private Limited | ₹300 (FY 2024) | •••• | •••• | 43.0% | •••• | Thiruvananthapuram, Kerala, India |
| Puja Finance Consultants Private Limited | ₹237 (FY 2017) | •••• | •••• | -100.0% | •••• | Cuttack, Odisha, India |
| Sap Finserve Private Limited | ₹120 (FY 2019) | •••• | •••• | -100.0% | •••• | New Delhi, Delhi, India |
| Helping Herd Private Limited | ₹50 (FY 2023) | •••• | •••• | -100.0% | •••• | Chennai, Tamil Nadu, India |
| Kiriyanthan's Chit Fund Pvt Ltd | ₹45 (FY 2022) | •••• | •••• | -15.0% | •••• | Ernakulam, Kerala, India |
| Wealth & Growth Chits Private Limited this company | ₹32 (FY 2019) | •••• | •••• | -100.0% | •••• | Mysore, Karnataka, India |
| Bhattad Infrastructure Private Limited | ₹18 (FY 2024) | •••• | •••• | 6.0% | •••• | Mumbai, Maharashtra, India |
| PSB Trustee Company Private Limited | ₹15 (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| SSB Trustee Company Private Limited | ₹15 (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Yellow Brick Road Holdings Private Limited | ₹1 (FY 2025) | •••• | •••• | •••• | Madurai, Tamil Nadu, India |
Peers are the companies nearest to Wealth & Growth Chits by revenue, above and below it, in the same principal business activity (activities by trusts, funds and other financial holding companies), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
Wealth & Growth Chits Private Limited is audited by NAVEEN K S for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NAVEEN K S | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Wealth & Growth Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Wealth & Growth Chits.
: available in the company report
Recent Activity
Wealth & Growth Chits Private Limited has 5 board changes on record since 2014: 2 appointments and 3 cessations. The latest: Palayam Rajath ceased to be Director on 13 Aug 2016.
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
Wealth & Growth Chits is an active private limited company based in Mysore, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 10 March 2014 (12+ years old) and is registered under CIN U65992KA2014PTC074043.
Wealth & Growth Chits has 2 current directors:
- Arun Kumar Prakash - Director
- Raghavendrarao Venkatarao - Director
The latest financial statements of Wealth & Growth Chits on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Wealth & Growth Chits is U65992KA2014PTC074043. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wealth & Growth Chits was incorporated on 10 March 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Wealth & Growth Chits by revenue are Aml Chit Funds Private Limited, Puja Finance Consultants Private Limited, Sap Finserve Private Limited, Helping Herd Private Limited, Kiriyanthan's Chit Fund Pvt Ltd and 4 more, all in the same principal business activity (activities by trusts, funds and other financial holding companies).
Palayam Rajath ceased to be Director on 13 Aug 2016. Raghavendrarao Venkatarao ceased to be Additional Director on 13 Aug 2016. Raghavendrarao Venkatarao was appointed as Director on 25 Jul 2016. Wealth & Growth Chits has 5 board changes on record in total.
The registered office of Wealth & Growth Chits is at No 92 New Road Kumbara Koppal, Mysore, Karnataka, India – 570016.
Wealth & Growth Chits operates in the financial services industry, in the financial activities segment.
The compliance status of Wealth & Growth Chits is compliant as of 08 August 2026. The company is actively filing with the Registrar of Companies.
Wealth & Growth Chits can be reached at its registered office: No 92 New Road Kumbara Koppal, Mysore, Karnataka, India – 570016.