Akshodaya Chits Private Limited

Provides finance related services and lends money to chit holders.

2011 | Bangaluru, Karnataka (India) | Active
Last Updated:

Akshodaya Chits Profile

Key Indicators

  • Authorised Capital ₹ 1.00 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 13 Year, 11 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 4.70 M
  • Revenue Growth -1.50%
  • Profit Growth 15.32%
  • Ebitda 1038.60%
  • Net Worth 33.34%
  • Total Assets -21.32%

About Akshodaya Chits

Akshodaya Chits Private Limited (ACPL) is a Private Limited Indian Non-Government Company incorporated in India on 30 May 2011 and has a history of 13 years and 11 months. Its registered office is in Bangaluru, 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 2024. It's a company limited by shares with an authorized capital of Rs 1.00 M and a paid-up capital of Rs 0.10 M.

The company currently has active open charges totaling ₹4.70 M.

Masarajanahally Sheshagirirao and Lebakula Ramamurthy serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65992KA2011PTC058866

  • Company No.

    058866

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    30 May 2011

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Financial Services
Company report

Akshodaya Chits Private Limited

Explore comprehensive data for Akshodaya Chits Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

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

Board Members (2)

NameDesignationAppointment DateStatus
Masarajanahally Sheshagirirao Country flag representing In Director 24-Nov-2014Current
Lebakula Ramamurthy Director 11-Nov-2024Current

Financial Performance of Akshodaya Chits.

Akshodaya Chits Private Limited, for the financial year ended 2020, experienced Minor drop in revenue, with a 1.5% decrease. The company also saw a substantial improvement in profitability, with a 15.32% increase in profit. The company's net worth Soared by an impressive increase of 33.34%.

Akshodaya Chits revenue growth over time
Akshodaya Chits 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
-1.50%
Revenue from Operations
-3.51%
Total Assets
-21.32%
Profit or Loss
15.32%
Net Worth
33.34%
EBITDA
1038.60%

What is the Ownership and Shareholding Structure of Akshodaya Chits?

In 2019, Akshodaya Chits 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

₹4.70 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 0.40 Cr
  • City Union Bank Limited : 0.07 Cr

Latest Charge Details

DateLenderAmountStatus
10 Feb 2016Others₹4.00 MOpen
14 May 2014City Union Bank Limited₹0.70 MOpen

How Many Employees Work at Akshodaya Chits?

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

Employee growth trends for Akshodaya Chits Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Akshodaya 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 Akshodaya 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.

Latest Updates, News, and FAQs on Akshodaya Chits

Recent activity within the organization

  • Director Appointment

    Lebakula Ramamurthy was appointed as a Director was appointed as a Director on 11 Nov 2024 & has been associated with this company since 6 months 6 days .

  • Annual General Meeting

    Akshodaya Chits Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Akshodaya Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

  • Charges

    A charge with Others of Rs. 4.00 M registered on 10 Feb 2016 with Charge ID 100028478 was modified on 06 Jun 2020.

  • Charges

    A charge with Others amounted to Rs. 4.00 M with Charge ID 100028478 was registered on 10 Feb 2016.

  • Director Appointment

    Masarajanahally Nagaraja Sheshagirirao was appointed as a Director was appointed as a Director on 24 Nov 2014 & has been associated with this company since 10 years 5 months .

Frequently asked questions

  • What is the Incorporation or founding date of Akshodaya Chits Private Limited?

    Akshodaya Chits Private Limited was incorporated on 30 May 2011.

  • What is authorized share capital and paid-up capital of Akshodaya Chits Private Limited?

    The authorized share capital of Akshodaya Chits Private Limited is ₹ 1.00 M and paid-up capital is ₹ 0.10 M.

  • Who are the current board members & directors of Akshodaya Chits Private Limited?

    Currently 2 directors are associated with Akshodaya Chits Private Limited.

    • Masarajanahally Nagaraja Sheshagirirao
    • Lebakula Ramamurthy

  • What is the registered address of Akshodaya Chits Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Akshodaya Chits Private Limited is 55 2Nd Floor Psn Plaza Dvg Floor, Basvangudi India, Bangalore, Karnataka, 560004.

  • What is the corporate identification number (CIN) and company number of Akshodaya Chits Private Limited?

    The corporate identification number (CIN) of Akshodaya Chits Private Limited is U65992KA2011PTC058866 and the company number is 058866 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Akshodaya Chits Private Limited?

    According to the financial reports for the fiscal year 2020, the revenue trend for Akshodaya Chits Private Limited has fallen by -1.50%.

  • What change has been observed in the net worth of Akshodaya Chits Private Limited, and by what percentage?

    The financial reports for the fiscal year 2020 indicates that The net worth of Akshodaya Chits Private Limited has experienced an upsurge of 33.34%.

  • What are the total open charges for Akshodaya Chits Private Limited?

    As per the financial statements for fiscal Year 2020, The total open charges for Akshodaya Chits Private Limited amount to ₹ 4.70 M.

  • When was the last Balance Sheet of Akshodaya Chits Private Limited filed with the ROC?

    The most recent Balance Sheet for Akshodaya Chits Private Limited was filed with the ROC on 31 Mar 2024.

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