M.V.G Chits Private Limited

Manages chit funds with registered office in Bangalore since 2009.

2009 | Bangaluru, Karnataka (India) | Active
Last Updated:

M.V.G Chits Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 0.50 M
  • Company Age 15 Year, 3 Months
  • Last Filing with ROC 31 Mar 2019
  • Open Charges ₹ 9.04 M
  • Revenue Growth -32.76%
  • Profit Growth -63.80%
  • Ebitda 185.91%
  • Net Worth 0.49%
  • Total Assets -34.34%

About M.V.G Chits

M.V.G Chits Private Limited (MCPL) is a Private Limited Indian Non-Government Company incorporated in India on 12 November 2009 and has a history of 15 years and three 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 2019. It's a company limited by shares with an authorized capital of Rs 5.00 M and a paid-up capital of Rs 0.50 M.

The company currently has active open charges totaling ₹9.04 M.

Ananth Naveen and Ananth Ashwin serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65992KA2009PTC051455

  • Company No.

    051455

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    12 Nov 2009

  • Date of AGM

    30 Sep 2019

  • Date of Balance Sheet

    31 Mar 2019

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Financial Services

Who are the key members and board of directors at M.V.G Chits?

Board Members (2)

NameDesignationAppointment DateStatus
Ananth Naveen Country flag representing In Director 12-Nov-2009Current
Ananth Ashwin Country flag representing In Director 12-Nov-2009Current

Financial Performance of M.V.G Chits.

M.V.G Chits Private Limited, for the financial year ended 2019, experienced significant reduction in revenue, with a 32.76% decrease. The company also saw a substantial fall in profitability, with a 63.8% decrease in profit. The company's net worth moved up by a moderate rise of 0.49%.

M.V.G Chits revenue growth over time
M.V.G 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
-32.76%
Revenue from Operations
1.08%
Total Assets
-34.34%
Profit or Loss
-63.80%
Net Worth
0.49%
EBITDA
185.91%

What is the Ownership and Shareholding Structure of M.V.G Chits?

In 2019, M.V.G 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

₹9.04 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 0.85 Cr
  • The Karur Vysya Bank Limited : 0.05 Cr

Latest Charge Details

DateLenderAmountStatus
31 Dec 2016Others₹8.54 MOpen
28 Dec 2013The Karur Vysya Bank Limited₹0.50 MOpen

How Many Employees Work at M.V.G Chits?

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

Employee growth trends for M.V.G Chits Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of M.V.G 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 M.V.G 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 M.V.G Chits

Recent activity within the organization

  • Annual General Meeting

    M.V.G Chits Private Limited last Annual general meeting of members was held on 30 Sep 2019 as per latest MCA records.

  • Balance Sheet

    M.V.G Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Bangalore.

  • Charges

    A charge with Others amounted to Rs. 8.54 M with Charge ID 100123488 was registered on 31 Dec 2016.

  • Charges

    A charge with The Karur Vysya Bank Limited amounted to Rs. 0.50 M with Charge ID 10468882 was registered on 28 Dec 2013.

  • Director Appointment

    Ananth Naveen was appointed as a Director was appointed as a Director on 12 Nov 2009 & has been associated with this company since 15 years 3 months .

  • Director Appointment

    Ananth Ashwin was appointed as a Director was appointed as a Director on 12 Nov 2009 & has been associated with this company since 15 years 3 months .

Frequently asked questions

  • What is the Incorporation or founding date of M.V.G Chits Private Limited?

    M.V.G Chits Private Limited was incorporated on 12 Nov 2009.

  • What is authorized share capital and paid-up capital of M.V.G Chits Private Limited?

    The authorized share capital of M.V.G Chits Private Limited is ₹ 5.00 M and paid-up capital is ₹ 0.50 M.

  • Who are the current board members & directors of M.V.G Chits Private Limited?

    Currently 2 directors are associated with M.V.G Chits Private Limited.

    • Ananth Naveen
    • Ananth Ashwin

  • What is the registered address of M.V.G Chits Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of M.V.G Chits Private Limited is No.64/6 Sri Sai Pinnacle 1St Floor Shankar Mutt Road, Shankarpuram India, Bangalore, Karnataka, 560004.

  • What is the corporate identification number (CIN) and company number of M.V.G Chits Private Limited?

    The corporate identification number (CIN) of M.V.G Chits Private Limited is U65992KA2009PTC051455 and the company number is 051455 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for M.V.G Chits Private Limited?

    According to the financial reports for the fiscal year 2019, the revenue trend for M.V.G Chits Private Limited has fallen by -32.76%.

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

    The financial reports for the fiscal year 2019 indicates that The net worth of M.V.G Chits Private Limited has experienced an upsurge of 0.49%.

  • What are the total open charges for M.V.G Chits Private Limited?

    As per the financial statements for fiscal Year 2019, The total open charges for M.V.G Chits Private Limited amount to ₹ 9.04 M.

  • When was the last Balance Sheet of M.V.G Chits Private Limited filed with the ROC?

    The most recent Balance Sheet for M.V.G Chits Private Limited was filed with the ROC on 31 Mar 2019.