Akshodaya Chits (Bangalore) Limited

Manages chit fund business since 2014, based in Bangalore, Karnataka.

2014 | Bangalore, Karnataka (India) | Active
Last Updated: July 29, 2024

Akshodaya Chits (Bangalore) Profile

Key Indicators

  • Authorised Capital ₹ 2.00 M
  • Paid Up Capital ₹ 1.90 M
  • Company Age 10 Year, 10 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 3.04 Cr
  • Revenue Growth 60.03%
  • Profit Growth 34.93%
  • Ebitda 77.22%
  • Net Worth 26.72%
  • Total Assets 4.47%

About Akshodaya Chits (Bangalore)

Akshodaya Chits (Bangalore) Limited (ACBL) is a Public Limited Indian Non-Government Company incorporated in India on 20 March 2014 and has a history of Ten years and ten months. Its registered office is in Bangalore, Karnataka, India.

The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 2.00 M and a paid-up capital of Rs 1.90 M.

The company currently has active open charges totaling ₹3.04 Cr.

Shettyhalli Jayaram, Tuppudmadu Varalakshmi, and Jayarama Hari serve as directors at the Company.

Company Details

  • Location

    Bangalore, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65992KA2014PLC074246

  • Company No.

    074246

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    20 Mar 2014

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Financial Services

Who are the key members and board of directors at Akshodaya Chits (Bangalore)?

Executive Team (1)

Name Designation Appointment Date Status
Shettyhalli Jayaram Country flag representing In Managing Director 20-Mar-2014 Current

Board Members (2)

Name Designation Appointment Date Status
Tuppudmadu Varalakshmi Country flag representing In Director 25-Mar-2016 Current
Jayarama Hari Country flag representing In Director 12-May-2023 Current

Financial Performance of Akshodaya Chits (Bangalore).

Akshodaya Chits (Bangalore) Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 60.03% increase. The company also saw a substantial improvement in profitability, with a 34.93% increase in profit. The company's net worth Soared by an impressive increase of 26.72%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • 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
60.03%
Revenue from Operations
61.37%
Total Assets
4.47%
Profit or Loss
34.93%
Net Worth
26.72%
EBITDA
77.22%

What is the Ownership and Shareholding Structure of Akshodaya Chits (Bangalore)?

In 2023, Akshodaya Chits (Bangalore) had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹30.38 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 2.94 Cr
  • Hdfc Bank Limited : 0.10 Cr

Latest Charge Details

Date Lender Amount Status
20 Apr 2021 Hdfc Bank Limited ₹1.00 M Open
10 Mar 2016 Others ₹2.94 Cr Open

How Many Employees Work at Akshodaya Chits (Bangalore)?

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

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Akshodaya Chits (Bangalore), 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 Akshodaya Chits (Bangalore)'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.

Latest Updates, News, and FAQs on Akshodaya Chits (Bangalore)

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 29.38 M registered on 10 Mar 2016 with Charge ID 100027889 was modified on 31 Oct 2023.

    31 Oct 2023

  • Annual General Meeting

    Akshodaya Chits (Bangalore) Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Director Appointment

    Jayarama Hari was appointed as a Director was appointed as a Director on 12 May 2023 & has been associated with this company since 1 year 9 months .

    12 May 2023

  • Balance Sheet

    Akshodaya Chits (Bangalore) Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.

    31 Mar 2023

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 1.00 M with Charge ID 100449407 was registered on 20 Apr 2021.

    20 Apr 2021

  • Director Appointment

    Tuppudmadu Krishnappa Varalakshmi was appointed as a Director was appointed as a Director on 25 Mar 2016 & has been associated with this company since 8 years 10 months .

    25 Mar 2016

Frequently asked questions

  • Akshodaya Chits (Bangalore) Limited was incorporated on 20 Mar 2014.

  • The authorized share capital of Akshodaya Chits (Bangalore) Limited is ₹ 2.00 M and paid-up capital is ₹ 1.90 M.

  • Currently 3 directors are associated with Akshodaya Chits (Bangalore) Limited.

    • Shettyhalli Arasashetty Jayaram
    • Tuppudmadu Krishnappa Varalakshmi
    • Jayarama Hari
  • As per Ministry of Corporate Affairs (Mca), the registered address of Akshodaya Chits (Bangalore) Limited is 44/1 4Th Cross Road Malleswaram Dattatreya Temple, Bangalore, Karnataka, India, 560003.

  • The corporate identification number (CIN) of Akshodaya Chits (Bangalore) Limited is U65992KA2014PLC074246 and the company number is 074246 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2023, the revenue trend for Akshodaya Chits (Bangalore) Limited has risen by 60.03%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Akshodaya Chits (Bangalore) Limited has experienced an upsurge of 26.72%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Akshodaya Chits (Bangalore) Limited amount to ₹ 3.04 Cr.

  • The most recent Balance Sheet for Akshodaya Chits (Bangalore) Limited was filed with the ROC on 31 Mar 2023.

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