Mci Chits Limited

Provides chit fund services and manufactures necessary equipment for business operations.

1986 | Mysore, Karnataka (India) | Active
Last Updated:

Mci Chits Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 8.60 M
  • Company Age 38 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 2.50 M
  • Revenue Growth 22.50%
  • Profit Growth 134.95%
  • Ebitda 88.72%
  • Net Worth 118.24%
  • Total Assets -42.76%

About Mci Chits

Mci Chits Limited (MCL) is a Public Limited Indian Non-Government Company incorporated in India on 22 October 1986 and has a history of 38 years and six months. Its registered office is in Mysore, Karnataka.

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 Cr and a paid-up capital of Rs 8.60 M.

The company currently has active open charges totaling ₹2.50 M.

Prabhakar Shetty, Noothan Shetty, Chandrashekar Billadi, and Four other members serve as directors at the Company.

Company Details

  • Location Mysore, Karnataka
  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65992KA1986PLC007883

  • Company No.

    007883

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    22 Oct 1986

  • Date of AGM

    28 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Financial Services
Company report

Mci Chits Limited

Explore comprehensive data for Mci Chits Limited, including financials, compliance details, shareholding patterns, and litigation history.

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

Executive Team (1)

NameDesignationAppointment DateStatus
Prabhakar Shetty Country flag representing In Managing Director06-Nov-1986Current

Board Members (6)

NameDesignationAppointment DateStatus
Sinchana Shetty Country flag representing In Director 24-Aug-2015Current
Noothan Shetty Country flag representing In Whole-Time Director 24-Aug-2015Current
Chandrashekar Billadi Country flag representing In Director 09-Oct-2015Current
Prasanna Hegde Country flag representing In Director 09-Oct-2015Current
Chethana Shetty Country flag representing In Director 17-Jul-2000Current
Sachin Shetty Country flag representing In Director 24-Aug-2015Current

Financial Performance of Mci Chits.

Mci Chits Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 22.5% increase. The company also saw a substantial improvement in profitability, with a 134.95% increase in profit. The company's net worth Soared by an impressive increase of 118.24%.

Mci Chits revenue growth over time
Mci 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
22.50%
Revenue from Operations
14.13%
Total Assets
-42.76%
Profit or Loss
134.95%
Net Worth
118.24%
EBITDA
88.72%

What is the Ownership and Shareholding Structure of Mci Chits?

In 2020, Mci Chits had a promoter holding of 98.98% and a public holding of 1.02%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0.25 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • The Karur Vysya Bank Ltd : 0.25 Cr

Latest Charge Details

DateLenderAmountStatus
17 Oct 2005The Karur Vysya Bank Ltd₹2.50 MOpen

How Many Employees Work at Mci Chits?

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

Employee growth trends for Mci Chits Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mci 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 Mci 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 Mci Chits

Recent activity within the organization

  • Annual General Meeting

    Mci Chits Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Mci Chits Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

  • Director Appointment

    Chandrashekar Hegde Billadi was appointed as a Director was appointed as a Director on 09 Oct 2015 & has been associated with this company since 9 years 7 months .

  • Director Appointment

    Prasanna Kumar Hegde was appointed as a Director was appointed as a Director on 09 Oct 2015 & has been associated with this company since 9 years 7 months .

  • Director Appointment

    Noothan Prabhakar Shetty was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 24 Aug 2015 & has been associated with this company since 9 years 8 months .

  • Director Appointment

    Sachin Prabhakar Shetty was appointed as a Director was appointed as a Director on 24 Aug 2015 & has been associated with this company since 9 years 8 months .

Frequently asked questions

  • What is the Incorporation or founding date of Mci Chits Limited?

    Mci Chits Limited was incorporated on 22 Oct 1986.

  • What is authorized share capital and paid-up capital of Mci Chits Limited?

    The authorized share capital of Mci Chits Limited is ₹ 1.00 Cr and paid-up capital is ₹ 8.60 M.

  • Who are the current board members & directors of Mci Chits Limited?

    Currently 7 directors are associated with Mci Chits Limited.

    • Prabhakar Shetty
    • Noothan Prabhakar Shetty
    • Chandrashekar Hegde Billadi
    • Prasanna Kumar Hegde
    • Chethana Prashanth Shetty
    • Sachin Prabhakar Shetty
    • Sinchana Prabhakar Shetty

  • What is the registered address of Mci Chits Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Mci Chits Limited is No.17 Apmc Shopping Complex, Sheshadriyer Road India, Mysore, Karnataka, 570021.

  • What is the corporate identification number (CIN) and company number of Mci Chits Limited?

    The corporate identification number (CIN) of Mci Chits Limited is U65992KA1986PLC007883 and the company number is 007883 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Mci Chits Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Mci Chits Limited has risen by 22.50%.

  • What change has been observed in the net worth of Mci Chits Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Mci Chits Limited has experienced an upsurge of 118.24%.

  • What are the total open charges for Mci Chits Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Mci Chits Limited amount to ₹ 2.50 M.

  • When was the last Balance Sheet of Mci Chits Limited filed with the ROC?

    The most recent Balance Sheet for Mci Chits Limited was filed with the ROC on 31 Mar 2024.

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