Kavasa Chit Funds Private Limited

Provides financial intermediation services through chits/commission, incorporated in 2019, based in Secunderabad.

2019 | Hyderabad, Telangana (India) | Active
Last Updated: January 10, 2025

Kavasa Chit Funds Profile

Key Indicators

  • Authorised Capital ₹ 3.50 M
  • Paid Up Capital ₹ 1.60 M
  • Company Age 5 Year, 8 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth -20.35%
  • Profit Growth -79.60%
  • Ebitda -4.42%
  • Net Worth 3.70%
  • Total Assets -17.97%

About Kavasa Chit Funds

Kavasa Chit Funds Private Limited (KCFPL) is a Private Limited Indian Non-Government Company incorporated in India on 10 May 2019 (Five years and eight months 24 days old ). Its registered office is in Hyderabad, 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 2024. It's a company limited by shares with an authorized capital of Rs 3.50 M and a paid-up capital of Rs 1.60 M, as per Ministry of Corporate Affairs (MCA) records.

Kalpesh Jain, Kishore Lalwani, and Jain Kumar serve as directors at the Company.

Company Details

  • Location

    Hyderabad, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65992TG2019PTC132648

  • Company No.

    132648

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    10 May 2019

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Financial Services

Who are the key members and board of directors at Kavasa Chit Funds?

Board Members (3)

Name Designation Appointment Date Status
Kalpesh Jain Country flag representing In Director 10-May-2019 Current
Kishore Lalwani Country flag representing In Director 10-May-2019 Current
Jain Kumar Country flag representing In Director 10-May-2019 Current

Financial Performance of Kavasa Chit Funds.

Kavasa Chit Funds Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 20.35% decrease. The company also saw a substantial fall in profitability, with a 79.6% decrease in profit. The company's net worth moved up by a moderate rise of 3.7%.

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
-20.35%
Revenue from Operations
-23.12%
Total Assets
-17.97%
Profit or Loss
-79.60%
Net Worth
3.70%
EBITDA
-4.42%

What is the Ownership and Shareholding Structure of Kavasa Chit Funds?

In 2022, Kavasa Chit Funds 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 Kavasa Chit Funds?

Unlock and access historical data on people associated with Kavasa Chit Funds, 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 Kavasa Chit Funds, 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 Kavasa Chit Funds'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 Kavasa Chit Funds

Recent activity within the organization

  • Annual General Meeting

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

    30 Sep 2024

  • Balance Sheet

    Kavasa Chit Funds Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.

    31 Mar 2024

  • Director Appointment

    Kalpesh Vimal Jain was appointed as a Director was appointed as a Director on 10 May 2019 & has been associated with this company since 5 years 8 months .

    10 May 2019

  • Director Appointment

    Kishore Naraindas Lalwani was appointed as a Director was appointed as a Director on 10 May 2019 & has been associated with this company since 5 years 8 months .

    10 May 2019

  • Director Appointment

    Jain Chitesh Kumar was appointed as a Director was appointed as a Director on 10 May 2019 & has been associated with this company since 5 years 8 months .

    10 May 2019

  • Company Incorporation

    Kavasa Chit Funds Private Limited was registered on 10 May 2019 with Roc Hyderabad & aged 5 years 8 months as per MCA records.

    10 May 2019

Frequently asked questions

  • Kavasa Chit Funds Private Limited was incorporated on 10 May 2019.

  • The authorized share capital of Kavasa Chit Funds Private Limited is ₹ 3.50 M and paid-up capital is ₹ 1.60 M.

  • Currently 3 directors are associated with Kavasa Chit Funds Private Limited.

    • Kalpesh Vimal Jain
    • Kishore Naraindas Lalwani
    • Jain Chitesh Kumar
  • As per Ministry of Corporate Affairs (Mca), the registered address of Kavasa Chit Funds Private Limited is 4-6-178 To 184 3Rd Floor, Shop No 107 Pan Bazar India, Secunderabad, Telangana, 500003.

  • The corporate identification number (CIN) of Kavasa Chit Funds Private Limited is U65992TG2019PTC132648 and the company number is 132648 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2022, the revenue trend for Kavasa Chit Funds Private Limited has fallen by -20.35%.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Kavasa Chit Funds Private Limited has experienced an upsurge of 3.70%.

  • The most recent Balance Sheet for Kavasa Chit Funds Private Limited was filed with the ROC on 31 Mar 2024.