Firststep Chits Private Limited

Provides chit fund services since 2011, based in Karnataka.

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

Firststep Chits Profile

Key Indicators

  • Authorised Capital ₹ 2.50 M
  • Paid Up Capital ₹ 2.00 M
  • Company Age 13 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth -34.38%
  • Profit Growth -74.59%
  • Ebitda -129.35%
  • Net Worth 3.38%
  • Total Assets -40.82%

About Firststep Chits

Firststep Chits Private Limited (FCPL) is a Private Limited Indian Non-Government Company incorporated in India on 07 July 2011 and has a history of 13 years and nine months. Its registered office is in Raichur, 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 2.00 M, as per Ministry of Corporate Affairs (MCA) records.

Nagesh Makam, Raju Kollabhovi, Bharathi Jayanthi, and Three other members serve as directors at the Company.

Company Details

  • Location

    Raichur, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65992KA2011PTC059525

  • Company No.

    059525

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    07 Jul 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

Firststep Chits Private Limited

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

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

Board Members (6)

NameDesignationAppointment DateStatus
Nagesh Makam Country flag representing In Director 07-Jul-2011Current
Raju Kollabhovi Country flag representing In Director 07-Jul-2011Current
Bharathi Jayanthi Country flag representing In Director 30-Sep-2016Current
Rajashekar Country flag representing In Director 30-Sep-2016Current
Vani Paramesh Country flag representing In Director 30-Sep-2016Current
Srinivasulu Manne Country flag representing In Director 30-Sep-2016Current

Financial Performance of Firststep Chits.

Firststep Chits Private Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 34.38% decrease. The company also saw a substantial fall in profitability, with a 74.59% decrease in profit. The company's net worth moved up by a moderate rise of 3.38%.

Firststep Chits revenue growth over time
Firststep 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
-34.38%
Revenue from Operations
-34.46%
Total Assets
-40.82%
Profit or Loss
-74.59%
Net Worth
3.38%
EBITDA
-129.35%

What is the Ownership and Shareholding Structure of Firststep Chits?

In 2020, Firststep Chits had a promoter holding of 90.00% and a public holding of 10.00%. 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 Firststep Chits?

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

Employee growth trends for Firststep Chits Private Limited

Deals i

Graph showing company valuation over time

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

Recent activity within the organization

  • Annual General Meeting

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

  • Balance Sheet

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

  • Director Appointment

    Bharathi Jayanthi was appointed as a Director was appointed as a Director on 30 Sep 2016 & has been associated with this company since 8 years 6 months .

  • Director Appointment

    Rajashekar was appointed as a Director was appointed as a Director on 30 Sep 2016 & has been associated with this company since 8 years 6 months .

  • Director Appointment

    Vani Paramesh was appointed as a Director was appointed as a Director on 30 Sep 2016 & has been associated with this company since 8 years 6 months .

  • Director Appointment

    Srinivasulu Manne was appointed as a Director was appointed as a Director on 30 Sep 2016 & has been associated with this company since 8 years 6 months .

Frequently asked questions

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

    Firststep Chits Private Limited was incorporated on 07 Jul 2011.

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

    The authorized share capital of Firststep Chits Private Limited is ₹ 2.50 M and paid-up capital is ₹ 2.00 M.

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

    Currently 6 directors are associated with Firststep Chits Private Limited.

    • Nagesh Gupta Makam
    • Raju Kollabhovi
    • Bharathi Jayanthi
    • Rajashekar
    • Vani Paramesh
    • Srinivasulu Manne

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

    As per Ministry of Corporate Affairs (Mca), the registered address of Firststep Chits Private Limited is No. 6-1-2238 1St Floor Chandana Complex Above Kpf Motors, Kustagi Road India, Sindhanur, Karnataka, 584128.

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

    The corporate identification number (CIN) of Firststep Chits Private Limited is U65992KA2011PTC059525 and the company number is 059525 as per Ministry of Corporate Affairs (MCA).

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

    According to the financial reports for the fiscal year 2020, the revenue trend for Firststep Chits Private Limited has fallen by -34.38%.

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

    The financial reports for the fiscal year 2020 indicates that The net worth of Firststep Chits Private Limited has experienced an upsurge of 3.38%.

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

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

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