Gowrinath Chits Private Limited

Chit fund company offering various funds with 3 offices in Bangalore since 2014.

2014 | Bangaluru, Karnataka (India) | Active
Last Updated: January 13, 2025

Gowrinath Chits Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 11 Year, 14 Days
  • Last Filing with ROC 31 Mar 2021
  • Open Charges ₹ 0.90 M
  • Revenue Growth 15.62%
  • Profit Growth 94.76%
  • Ebitda 90.29%
  • Net Worth -2.63%
  • Total Assets 58.72%

About Gowrinath Chits

Gowrinath Chits Private Limited (GCPL) is a Private Limited Indian Non-Government Company incorporated in India on 30 January 2014 and has a history of 11 years. 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 2021. It's a company limited by shares with an authorized capital of Rs 0.10 M and a paid-up capital of Rs 0.10 M.

The company currently has active open charges totaling ₹0.90 M.

Niravel Syamchand, Narayanan Shajith, Varghese Abraham, and Three other members serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    gowrinathchits.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65992KA2014PTC073319

  • Company No.

    073319

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    30 Jan 2014

  • Date of AGM

    30 Nov 2021

  • Date of Balance Sheet

    31 Mar 2021

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Financial Services

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

Board Members (6)

Name Designation Appointment Date Status
Niravel Syamchand Country flag representing In Director 30-Jan-2014 Current
Narayanan Shajith Country flag representing In Director 30-Jan-2014 Current
Varghese Abraham Country flag representing In Director 06-Jan-2016 Current
Sivadasan Aprth Country flag representing In Director 06-Jan-2016 Current
Sooraj Kumar Country flag representing In Director 30-Jan-2014 Current
Thanda Shaji Country flag representing In Director 30-Jan-2014 Current

Financial Performance of Gowrinath Chits.

Gowrinath Chits Private Limited, for the financial year ended 2019, experienced significant growth in revenue, with a 15.62% increase. The company also saw a substantial improvement in profitability, with a 94.76% increase in profit. The company's net worth dipped by a decrease of 2.63%.

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
15.62%
Revenue from Operations
14.27%
Total Assets
58.72%
Profit or Loss
94.76%
Net Worth
-2.63%
EBITDA
90.29%

What is the Ownership and Shareholding Structure of Gowrinath Chits?

In 2019, Gowrinath 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

₹0.90 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Karnataka Bank Ltd. : 0.09 Cr

Latest Charge Details

Date Lender Amount Status
26 Oct 2021 Karnataka Bank Ltd. ₹0.90 M Open

How Many Employees Work at Gowrinath Chits?

Gowrinath Chits has a workforce of 22 employees as of Apr 08, 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 Gowrinath 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 Gowrinath 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 Gowrinath Chits

Recent activity within the organization

  • Annual General Meeting

    Gowrinath Chits Private Limited last Annual general meeting of members was held on 30 Nov 2021 as per latest MCA records.

    30 Nov 2021

  • Charges

    A charge with Karnataka Bank Ltd. amounted to Rs. 0.90 M with Charge ID 100499607 was registered on 26 Oct 2021.

    26 Oct 2021

  • Balance Sheet

    Gowrinath Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Bangalore.

    31 Mar 2021

  • Director Appointment

    Varghese Thazhelathu Abraham was appointed as a Director was appointed as a Director on 06 Jan 2016 & has been associated with this company since 9 years 1 month .

    06 Jan 2016

  • Director Appointment

    Sivadasan Aprth was appointed as a Director was appointed as a Director on 06 Jan 2016 & has been associated with this company since 9 years 1 month .

    06 Jan 2016

  • Director Appointment

    Niravel Sadanandan Syamchand was appointed as a Director was appointed as a Director on 30 Jan 2014 & has been associated with this company since 11 years 14 days .

    30 Jan 2014

Frequently asked questions

  • Gowrinath Chits Private Limited was incorporated on 30 Jan 2014.

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

  • Currently 6 directors are associated with Gowrinath Chits Private Limited.

    • Niravel Sadanandan Syamchand
    • Narayanan Shajith
    • Varghese Thazhelathu Abraham
    • Sivadasan Aprth
    • Sooraj Kumar
    • Thanda Puram Shaji
  • As per Ministry of Corporate Affairs (Mca), the registered address of Gowrinath Chits Private Limited is 1178/1 16Th Main 2Nd Stage 1St Phase, Btm Layout India, Bangalre, Karnataka, 560068.

  • The corporate identification number (CIN) of Gowrinath Chits Private Limited is U65992KA2014PTC073319 and the company number is 073319 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Gowrinath Chits Private Limited is https://www.gowrinathchits.com

  • According to the financial reports for the fiscal year 2019, the revenue trend for Gowrinath Chits Private Limited has risen by 15.62%.

  • As Per 2019 financial reports, 22 employees are currently employed by Gowrinath Chits Private Limited.

  • The financial reports for the fiscal year 2019 indicates that The net worth of Gowrinath Chits Private Limited has experienced an downturn of -2.63%.

  • As per the financial statements for fiscal Year 2019, The total open charges for Gowrinath Chits Private Limited amount to ₹ 0.90 M.

  • The most recent Balance Sheet for Gowrinath Chits Private Limited was filed with the ROC on 31 Mar 2021.

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