Margasoochi Chits Private Limited

Provides financial services, excluding insurance and pension funding, since 1995 in Bangalore.

1995 | Bangaluru, Karnataka (India) | Active
Last Updated: January 07, 2025

Margasoochi Chits Profile

Key Indicators

  • Authorised Capital ₹ 0.50 M
  • Paid Up Capital ₹ 0.50 M
  • Company Age 29 Year, 4 Months
  • Last Filing with ROC 31 Mar 2020
  • Revenue Growth -15.68%
  • Profit Growth -58.57%
  • Ebitda -67.81%
  • Net Worth 0.47%
  • Total Assets -42.75%

About Margasoochi Chits

Margasoochi Chits Private Limited (MCPL) is a Private Limited Indian Non-Government Company incorporated in India on 04 October 1995 and has a history of 29 years and four 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 2020. It's a company limited by shares with an authorized capital of Rs 0.50 M and a paid-up capital of Rs 0.50 M, as per Ministry of Corporate Affairs (MCA) records.

Timmanagowda Patil, Sunil Patil, and Anupama Patil 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

    U65992KA1995PTC018914

  • Company No.

    018914

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    04 Oct 1995

  • Date of AGM

    31 Dec 2020

  • Date of Balance Sheet

    31 Mar 2020

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Financial Services

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

Executive Team (1)

Name Designation Appointment Date Status
Sunil Patil Country flag representing In Managing Director 17-May-2001 Current

Board Members (2)

Name Designation Appointment Date Status
Timmanagowda Patil Country flag representing In Director 27-Sep-2004 Current
Anupama Patil Country flag representing In Director 27-Sep-2004 Current

Financial Performance of Margasoochi Chits.

Margasoochi Chits Private Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 15.68% decrease. The company also saw a substantial fall in profitability, with a 58.57% decrease in profit. The company's net worth moved up by a moderate rise of 0.47%.

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
-15.68%
Revenue from Operations
-13.06%
Total Assets
-42.75%
Profit or Loss
-58.57%
Net Worth
0.47%
EBITDA
-67.81%

What is the Ownership and Shareholding Structure of Margasoochi Chits?

In 2020, Margasoochi 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)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Margasoochi Chits?

Unlock and access historical data on people associated with Margasoochi Chits, 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 Margasoochi 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 Margasoochi 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 Margasoochi Chits

Recent activity within the organization

  • Annual General Meeting

    Margasoochi Chits Private Limited last Annual general meeting of members was held on 31 Dec 2020 as per latest MCA records.

    31 Dec 2020

  • Balance Sheet

    Margasoochi Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Bangalore.

    31 Mar 2020

  • Director Appointment

    Timmanagowda Shivabasavanagoda Patil was appointed as a Director was appointed as a Director on 27 Sep 2004 & has been associated with this company since 20 years 4 months .

    27 Sep 2004

  • Director Appointment

    Anupama Sunil Kumar Patil was appointed as a Director was appointed as a Director on 27 Sep 2004 & has been associated with this company since 20 years 4 months .

    27 Sep 2004

  • Director Appointment

    Sunil Kumar Shivabasavanagowda Patil was appointed as a Managing Director was appointed as a Managing Director on 17 May 2001 & has been associated with this company since 23 years 8 months .

    17 May 2001

  • Company Incorporation

    Margasoochi Chits Private Limited was registered on 04 Oct 1995 with Roc Bangalore & aged 29 years 4 months as per MCA records.

    04 Oct 1995

Frequently asked questions

  • Margasoochi Chits Private Limited was incorporated on 04 Oct 1995.

  • The authorized share capital of Margasoochi Chits Private Limited is ₹ 0.50 M and paid-up capital is ₹ 0.50 M.

  • Currently 3 directors are associated with Margasoochi Chits Private Limited.

    • Timmanagowda Shivabasavanagoda Patil
    • Sunil Kumar Shivabasavanagowda Patil
    • Anupama Sunil Kumar Patil
  • As per Ministry of Corporate Affairs (Mca), the registered address of Margasoochi Chits Private Limited is 912/2 Ground Floor18Th A Main 5Th Block Rajajinagar, India, Bangalore, Karnataka, 560010.

  • The corporate identification number (CIN) of Margasoochi Chits Private Limited is U65992KA1995PTC018914 and the company number is 018914 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2020, the revenue trend for Margasoochi Chits Private Limited has fallen by -15.68%.

  • The financial reports for the fiscal year 2020 indicates that The net worth of Margasoochi Chits Private Limited has experienced an upsurge of 0.47%.

  • The most recent Balance Sheet for Margasoochi Chits Private Limited was filed with the ROC on 31 Mar 2020.

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