Askar Chits Private Limited

Founded in 2013 and headquartered in Telangana, India.

2013 | Nizamabad, Telangana (India) | Active
Last Updated: December 22, 2024

Askar Chits Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 9.60 M
  • Company Age 12 Year, 23 Days
  • Last Filing with ROC 31 Mar 2020
  • Revenue Growth -30.42%
  • Profit Growth -57.82%
  • Ebitda 11.85%
  • Net Worth -25.14%
  • Total Assets -58.28%

About Askar Chits

Askar Chits Private Limited (ACPL) is a Private Limited Indian Non-Government Company incorporated in India on 09 January 2013 and has a history of 12 years. Its registered office is in Nizamabad, Telangana, 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 2020. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 9.60 M, as per Ministry of Corporate Affairs (MCA) records.

Mahesh Kotturi and Komma Dhanalaxmi serve as directors at the Company.

Company Details

  • Location

    Nizamabad, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U93030TG2013PTC085301

  • Company No.

    085301

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    09 Jan 2013

  • Date of AGM

    30 Dec 2020

  • Date of Balance Sheet

    31 Mar 2020

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Financial Services

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

Board Members (2)

Name Designation Appointment Date Status
Mahesh Kotturi Country flag representing In Whole-Time Director 15-Jun-2015 Current
Komma Dhanalaxmi Country flag representing In Director 21-Dec-2017 Current

Financial Performance of Askar Chits.

Askar Chits Private Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 30.42% decrease. The company also saw a substantial fall in profitability, with a 57.82% decrease in profit. The company's net worth observed a substantial decline by a decrease of 25.14%.

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
-30.42%
Revenue from Operations
-30.97%
Total Assets
-58.28%
Profit or Loss
-57.82%
Net Worth
-25.14%
EBITDA
11.85%

What is the Ownership and Shareholding Structure of Askar Chits?

In 2017, Askar 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)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Askar Chits?

Askar Chits has a workforce of 29 employees as of Apr 10, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Askar 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 Askar 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 Askar Chits

Recent activity within the organization

  • Annual General Meeting

    Askar Chits Private Limited last Annual general meeting of members was held on 30 Dec 2020 as per latest MCA records.

    30 Dec 2020

  • Balance Sheet

    Askar Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Hyderabad.

    31 Mar 2020

  • Director Appointment

    Komma Dhanalaxmi was appointed as a Director was appointed as a Director on 21 Dec 2017 & has been associated with this company since 7 years 1 month .

    21 Dec 2017

  • Director Appointment

    Mahesh Kotturi was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 15 Jun 2015 & has been associated with this company since 9 years 7 months .

    15 Jun 2015

  • Company Incorporation

    Askar Chits Private Limited was registered on 09 Jan 2013 with Roc Hyderabad & aged 12 years 23 days as per MCA records.

    09 Jan 2013

Frequently asked questions

  • Askar Chits Private Limited was incorporated on 09 Jan 2013.

  • The authorized share capital of Askar Chits Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 9.60 M.

  • Currently 2 directors are associated with Askar Chits Private Limited.

    • Mahesh Kotturi
    • Komma Dhanalaxmi
  • As per Ministry of Corporate Affairs (Mca), the registered address of Askar Chits Private Limited is 5-5-42 2Nd Floor Vivekananda Colony Opp Indian Oversis Bank Main Road, Kama Reddy India, Kamareddy, Telangana, 503111.

  • The corporate identification number (CIN) of Askar Chits Private Limited is U93030TG2013PTC085301 and the company number is 085301 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2020, the revenue trend for Askar Chits Private Limited has fallen by -30.42%.

  • As Per 2020 financial reports, 29 employees are currently employed by Askar Chits Private Limited.

  • The financial reports for the fiscal year 2020 indicates that The net worth of Askar Chits Private Limited has experienced an downturn of -25.14%.

  • The most recent Balance Sheet for Askar Chits Private Limited was filed with the ROC on 31 Mar 2020.

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