Magadum Chit Funds Private Limited
Founded in 2004 and headquartered in Karnataka, India.
2004 | Belgaum, Karnataka (India) | Active
Magadum Chit Funds Profile
Key Indicators
- Authorised Capital ₹ 1.00 M
- Paid Up Capital ₹ 0.50 M
- Company Age 20 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Revenue Growth 20.05%
- Profit Growth 168.82%
- Ebitda 208.44%
- Net Worth 1.12%
- Total Assets 1.26%
About Magadum Chit Funds
Magadum Chit Funds Private Limited (MCFPL) is a Private Limited Indian Non-Government Company incorporated in India on 25 March 2004 and has a history of 20 years and 11 months. Its registered office is in Belgaum, 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 1.00 M and a paid-up capital of Rs 0.50 M, as per Ministry of Corporate Affairs (MCA) records.
Mallappa Angadi and Mahesh Magadum serve as directors at the Company.
Company Details
- Location
Belgaum, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U65992KA2004PTC033630
- Company No.
033630
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
25 Mar 2004
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Financial Services
Magadum Chit Funds Private Limited
Explore comprehensive data for Magadum Chit Funds Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Magadum Chit Funds?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Mallappa Angadi  | Director | 15-Mar-2012 | Current |
| Mahesh Magadum | Director | 23-Apr-2018 | Current |
Financial Performance of Magadum Chit Funds.
Magadum Chit Funds Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 20.05% increase. The company also saw a substantial improvement in profitability, with a 168.82% increase in profit. The company's net worth moved up by a moderate rise of 1.12%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Magadum Chit Funds?
In 2017, Magadum 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.
Charges (Loans)
There are no open charges registered against the company as per our records.
How Many Employees Work at Magadum Chit Funds?
Unlock and access historical data on people associated with Magadum Chit Funds, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Magadum 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 Magadum Chit Funds's trajectory.
Rating
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
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 Magadum Chit Funds
Recent activity within the organization
- Annual General Meeting
Magadum Chit Funds Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Magadum Chit Funds Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
- Director Appointment
Mahesh Kadappa Magadum was appointed as a Director was appointed as a Director on 23 Apr 2018 & has been associated with this company since 6 years 10 months .
- Director Appointment
Mallappa Sidram Angadi was appointed as a Director was appointed as a Director on 15 Mar 2012 & has been associated with this company since 13 years 1 day .
- Company Incorporation
Magadum Chit Funds Private Limited was registered on 25 Mar 2004 with Roc Bangalore & aged 20 years 11 months as per MCA records.
Frequently asked questions
What is the Incorporation or founding date of Magadum Chit Funds Private Limited?
Magadum Chit Funds Private Limited was incorporated on 25 Mar 2004.
What is authorized share capital and paid-up capital of Magadum Chit Funds Private Limited?
The authorized share capital of Magadum Chit Funds Private Limited is ₹ 1.00 M and paid-up capital is ₹ 0.50 M.
Who are the current board members & directors of Magadum Chit Funds Private Limited?
Currently 2 directors are associated with Magadum Chit Funds Private Limited.
- Mallappa Sidram Angadi
- Mahesh Kadappa Magadum
What is the registered address of Magadum Chit Funds Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Magadum Chit Funds Private Limited is Tmc No.3596/P Nidasoshi Road Sbi Colony, Sankeshwar India, Belgaum, Karnataka, 591313.
What is the corporate identification number (CIN) and company number of Magadum Chit Funds Private Limited?
The corporate identification number (CIN) of Magadum Chit Funds Private Limited is U65992KA2004PTC033630 and the company number is 033630 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Magadum Chit Funds Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Magadum Chit Funds Private Limited has risen by 20.05%.
What change has been observed in the net worth of Magadum Chit Funds Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Magadum Chit Funds Private Limited has experienced an upsurge of 1.12%.
When was the last Balance Sheet of Magadum Chit Funds Private Limited filed with the ROC?
The most recent Balance Sheet for Magadum Chit Funds Private Limited was filed with the ROC on 31 Mar 2024.
Unlock Business Insights – Explore Instantly!
Search company & director profiles for free and gain access to critical business data.
- 3.1M+ Companies
- 15M+ Legal Cases
- 525K+ Credit Ratings
- 5.8M+ Directors & KMP
- 750K+ Regulatory Alerts
- 1.1M+ Companies' Financial Records
People also Viewed
RM
Ramanna MagadumManaging DirectorSM
Shrishail MagadumDirectorKM
Kadappa MagadumDirectorAD
Appasaheb DesaiAdditional DirectorAT
Abhijit TupareDirectorRV
Ramesh VantamureDirector