Bhagavathi Chits Private Limited

Chit fund company with low interest, secure investments, and dividends.

1997 | Bangaluru, Karnataka (India) | Active
Last Updated: December 04, 2024

Bhagavathi Chits Profile

Key Indicators

  • Authorised Capital ₹ 2.50 M
  • Paid Up Capital ₹ 1.50 M
  • Company Age 27 Year, 7 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 4.62 Cr
  • Revenue Growth 9.87%
  • Profit Growth 5.61%
  • Ebitda -2576.54%
  • Net Worth 24.18%
  • Total Assets 24.69%

About Bhagavathi Chits

Bhagavathi Chits Private Limited (BCPL) is a Private Limited Indian Non-Government Company incorporated in India on 30 June 1997 and has a history of 27 years and seven 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 2.50 M and a paid-up capital of Rs 1.50 M.

The company currently has active open charges totaling ₹4.62 Cr.

Sushmitha Shetty, Chanthar Shetty, Pushpalatha Shetty, and One other member serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    bhagavathichits.in

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65992KA1997PTC022462

  • Company No.

    022462

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    30 Jun 1997

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Financial Services

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

Board Members (4)

NameDesignationAppointment DateStatus
Sushmitha Shetty Country flag representing In Director 24-Jan-2022Current
Chanthar Shetty Country flag representing In Director 30-Jun-1997Current
Pushpalatha Shetty Country flag representing In Director 26-Jun-2002Current
Vivek Hegde Country flag representing In Director 24-Jan-2022Current

Financial Performance of Bhagavathi Chits.

Bhagavathi Chits Private Limited, for the financial year ended 2020, experienced modest growth in revenue, with a 9.87% increase. The company also saw a slight improvement in profitability, with a 5.61% increase in profit. The company's net worth Soared by an impressive increase of 24.18%.

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
9.87%
Revenue from Operations
0.07%
Total Assets
24.69%
Profit or Loss
5.61%
Net Worth
24.18%
EBITDA
-2576.54%

What is the Ownership and Shareholding Structure of Bhagavathi Chits?

In 2020, Bhagavathi 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

₹46.17 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Karnataka Bank Ltd. : 2.43 Cr
  • Others : 2.19 Cr

Latest Charge Details

DateLenderAmountStatus
28 Aug 2024Karnataka Bank Ltd.₹3.30 MOpen
26 Mar 2022Karnataka Bank Ltd.₹1.60 CrOpen
23 Aug 2021Karnataka Bank Ltd.₹5.00 MOpen
24 Sep 2019Others₹1.80 CrOpen
17 Sep 2019Others₹0.87 MOpen

How Many Employees Work at Bhagavathi Chits?

Unlock and access historical data on people associated with Bhagavathi Chits, 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 Bhagavathi 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 Bhagavathi 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 Bhagavathi Chits

Recent activity within the organization

  • Annual General Meeting

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

    30 Sep 2024

  • Charges

    A charge with Karnataka Bank Ltd. amounted to Rs. 3.30 M with Charge ID 100989610 was registered on 28 Aug 2024.

    28 Aug 2024

  • Balance Sheet

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

    31 Mar 2024

  • Charges

    A charge with Karnataka Bank Ltd. amounted to Rs. 16.00 M with Charge ID 100570152 was registered on 26 Mar 2022.

    26 Mar 2022

  • Director Appointment

    Sushmitha Shetty was appointed as a Director was appointed as a Director on 24 Jan 2022 & has been associated with this company since 3 years 30 days .

    24 Jan 2022

  • Director Appointment

    Vivek Prabhakara Hegde was appointed as a Director was appointed as a Director on 24 Jan 2022 & has been associated with this company since 3 years 30 days .

    24 Jan 2022

Frequently asked questions

  • Bhagavathi Chits Private Limited was incorporated on 30 Jun 1997.

  • The authorized share capital of Bhagavathi Chits Private Limited is ₹ 2.50 M and paid-up capital is ₹ 1.50 M.

  • Currently 4 directors are associated with Bhagavathi Chits Private Limited.

    • Sushmitha Shetty
    • Chanthar Karunakar Shetty
    • Pushpalatha Karunakar Shetty
    • Vivek Prabhakara Hegde
  • As per Ministry of Corporate Affairs (Mca), the registered address of Bhagavathi Chits Private Limited is No.176 60 Feet Road Basaveshwaranagar Near Sharadha Colony Bus Stand, India, Bangalore, Karnataka, 560079.

  • The corporate identification number (CIN) of Bhagavathi Chits Private Limited is U65992KA1997PTC022462 and the company number is 022462 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Bhagavathi Chits Private Limited is https://www.bhagavathichits.in

  • According to the financial reports for the fiscal year 2020, the revenue trend for Bhagavathi Chits Private Limited has risen by 9.87%.

  • The financial reports for the fiscal year 2020 indicates that The net worth of Bhagavathi Chits Private Limited has experienced an upsurge of 24.18%.

  • As per the financial statements for fiscal Year 2020, The total open charges for Bhagavathi Chits Private Limited amount to ₹ 4.62 Cr.

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