Belief Chits Private Limited

This company specializes in shares and securities trading, conducting chits, and acting as a foreman for chit funds.

1988 | Delhi (India) | Active
Last Updated:

Belief Chits Profile

Key Indicators

  • Authorised Capital ₹ 2.50 Cr
  • Paid Up Capital ₹ 2.50 Cr
  • Company Age 37 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 15.18 Cr
  • Revenue Growth -23.12%
  • Profit Growth -10.98%
  • Ebitda -7.11%
  • Net Worth -10.39%
  • Total Assets -13.21%

About Belief Chits

Belief Chits Private Limited (BCPL) is a Private Limited Indian Non-Government Company incorporated in India on 05 January 1988 and has a history of 37 years and two months. Its registered office is in Delhi, 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 2.50 Cr and a paid-up capital of Rs 2.50 Cr.

The company currently has active open charges totaling ₹15.18 Cr.

Deepak Bhandari, Pravesh Bhandari, and Arush Bhandari serve as directors at the Company.

Company Details

  • Location

    Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74899DL1988PTC030221

  • Company No.

    030221

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    05 Jan 1988

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Financial Services

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

Board Members (3)

NameDesignationAppointment DateStatus
Arush Bhandari Country flag representing In Director 03-Sep-2015Current
Deepak Bhandari Country flag representing In Director 02-Aug-2021Current
Pravesh Bhandari Country flag representing In Director 06-Apr-2010Current

Financial Performance of Belief Chits.

Belief Chits Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 23.12% decrease. The company also saw a substantial fall in profitability, with a 10.98% decrease in profit. The company's net worth observed a substantial decline by a decrease of 10.39%.

Belief Chits revenue growth over time
Belief 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
-23.12%
Revenue from Operations
Total Assets
-13.21%
Profit or Loss
-10.98%
Net Worth
-10.39%
EBITDA
-7.11%

What is the Ownership and Shareholding Structure of Belief Chits?

In 2023, Belief Chits had a public 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

₹15.18 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 13.68 Cr
  • Others : 1.50 Cr

Latest Charge Details

DateLenderAmountStatus
02 Feb 2024Axis Bank Limited₹3.68 CrOpen
18 Jan 2024Axis Bank Limited₹10.00 CrOpen
10 Feb 2022Others₹1.50 CrOpen

How Many Employees Work at Belief Chits?

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

Employee growth trends for Belief Chits Private Limited

Deals i

Graph showing company valuation over time

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

Recent activity within the organization

  • Annual General Meeting

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

  • Balance Sheet

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

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 3.68 Cr with Charge ID 100861116 was registered on 02 Feb 2024.

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 10.00 Cr with Charge ID 100863590 was registered on 18 Jan 2024.

  • Charges

    A charge with Others amounted to Rs. 1.50 Cr with Charge ID 100540448 was registered on 10 Feb 2022.

  • Director Appointment

    Deepak Bhandari was appointed as a Director was appointed as a Director on 02 Aug 2021 & has been associated with this company since 3 years 7 months .

Frequently asked questions

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

    Belief Chits Private Limited was incorporated on 05 Jan 1988.

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

    The authorized share capital of Belief Chits Private Limited is ₹ 2.50 Cr and paid-up capital is ₹ 2.50 Cr.

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

    Currently 3 directors are associated with Belief Chits Private Limited.

    • Deepak Bhandari
    • Pravesh Bhandari
    • Arush Bhandari

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

    As per Ministry of Corporate Affairs (Mca), the registered address of Belief Chits Private Limited is I1 Shiv Lok House 1, Karampura Commercial Complex India, New Delhi, 110015.

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

    The corporate identification number (CIN) of Belief Chits Private Limited is U74899DL1988PTC030221 and the company number is 030221 as per Ministry of Corporate Affairs (MCA).

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

    According to the financial reports for the fiscal year 2023, the revenue trend for Belief Chits Private Limited has fallen by -23.12%.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Belief Chits Private Limited has experienced an downturn of -10.39%.

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

    As per the financial statements for fiscal Year 2023, The total open charges for Belief Chits Private Limited amount to ₹ 15.18 Cr.

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

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

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