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Home Company M.C.I.(Bangalore) Chits Limited

M.C.I.(Bangalore) Chits Limited

Manages chit fund business since 1998, based in Bangalore, Karnataka.

1998 | Bangalore, Karnataka (India) | Active
Last Updated: July 18, 2024
Company Unlocked111!

M.C.I.(Bangalore) Chits Profile

Key Indicators

  • Authorised Capital ₹ 4.50 Cr
  • Paid Up Capital ₹ 3.50 Cr
  • Company Age 26 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 4.75 Cr
  • Satisfied Charges ₹ 6.62 Cr
  • Revenue Growth 36.29%
  • Profit Growth 0.45%
  • Ebitda -0.75%
  • Net Worth 2.85%
  • Total Assets 12.84%

About M.C.I.(Bangalore) Chits

M.C.I.(Bangalore) Chits Limited (MCL) is a leading Public Limited Indian Non-Government Company incorporated in India on 04 March 1998 and has a history of 26 years and 11 months. Its registered office is in Bangalore, 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 2023. It's a company limited by shares with an authorized capital of Rs 4.50 Cr and a paid-up capital of Rs 3.50 Cr.

The company currently has active open charges totaling ₹4.75 Cr. The company has closed loans amounting to ₹6.62 Cr, as per Ministry of Corporate Affairs (MCA) records.

Bandrehally Shivalingappa, Muthe Gowda, Sidde Gowda, and Three other members serve as directors at the Company.

Company Details

  • Location

    Bangalore, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website

    mcichitfund.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65992KA1998PLC023454

  • Company No.

    023454

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    04 Mar 1998

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Financial Services

Who are the key members and board of directors at M.C.I.(Bangalore) Chits?

Board Members (6)

Name Designation Appointment Date Status
Bandrehally Shivalingappa Country flag representing In Director 13-Jul-2001 Current
Muthe Gowda Country flag representing In Director 13-Jul-2001 Current
Sidde Gowda Country flag representing In Director 01-Jul-2006 Current
Mahesh Bandrehalli Country flag representing In Director 29-Jun-2008 Current
Suma Bandrehally Country flag representing In Director 17-Oct-2014 Current
Kavitha Chikkappaiah Country flag representing In Director 17-Oct-2014 Current

Financial Performance of M.C.I.(Bangalore) Chits.

M.C.I.(Bangalore) Chits Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 36.29% increase. The company also saw a slight improvement in profitability, with a 0.45% increase in profit. The company's net worth moved up by a moderate rise of 2.85%.

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
36.29%
Revenue from Operations
38.79%
Total Assets
12.84%
Profit or Loss
0.45%
Net Worth
2.85%
EBITDA
-0.75%

What is the Ownership and Shareholding Structure of M.C.I.(Bangalore) Chits?

In 2023, M.C.I.(Bangalore) Chits had a promoter holding of 70.03% and a public holding of 29.97%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹4.75 Cr

Satisfied Charges

₹6.62 Cr

Charges Breakdown by Lending Institutions

  • Others : 4.75 Cr

Latest Charge Details

Date Lender Amount Status
24 Apr 2023 Others ₹4.75 Cr Open
28 Jul 2018 Others ₹4.57 Cr Satisfied
30 Dec 2015 Others ₹1.87 Cr Satisfied
26 Mar 2007 Lakshmi Vilas Bank Limited ₹1.80 M Satisfied

How Many Employees Work at M.C.I.(Bangalore) Chits?

Unlock and access historical data on people associated with M.C.I.(Bangalore) 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 M.C.I.(Bangalore) 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.C.I.(Bangalore) 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.C.I.(Bangalore) Chits

Recent activity within the organization

  • Annual General Meeting

    M.C.I.(Bangalore) Chits Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Charges

    A charge with Others amounted to Rs. 4.75 Cr with Charge ID 100717000 was registered on 24 Apr 2023.

    24 Apr 2023

  • Charges

    A charge registered on 28 Jul 2018 via Charge ID 100195342 with Others was fully satisfied on 21 Apr 2023.

    21 Apr 2023

  • Balance Sheet

    M.C.I.(Bangalore) Chits Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.

    31 Mar 2023

  • Charges

    A charge with Others of Rs. 4.57 Cr registered on 28 Jul 2018 with Charge ID 100195342 was modified on 30 Jun 2020.

    30 Jun 2020

  • Charges

    A charge with Others amounted to Rs. 4.57 Cr with Charge ID 100195342 was registered on 28 Jul 2018.

    28 Jul 2018

Frequently asked questions

  • M.C.I.(Bangalore) Chits Limited was incorporated on 04 Mar 1998.

  • The authorized share capital of M.C.I.(Bangalore) Chits Limited is ₹ 4.50 Cr and paid-up capital is ₹ 3.50 Cr.

  • Currently 6 directors are associated with M.C.I.(Bangalore) Chits Limited.

    • Bandrehally Shivalingappa
    • Muthe Gowda Thimme Gowda
    • Sidde Gowda Shivalinge Gowda
    • Mahesh Bandrehalli
    • Suma Girish Bandrehally
    • Kavitha Chikkappaiah

  • As per Ministry of Corporate Affairs (Mca), the registered address of M.C.I.(Bangalore) Chits Limited is B-104Brigade Majestic1St Main Road Gandhinagar Bangalore, Karnataka, India, 560009.

  • The corporate identification number (CIN) of M.C.I.(Bangalore) Chits Limited is U65992KA1998PLC023454 and the company number is 023454 as per Ministry of Corporate Affairs (MCA).

  • The Official website of M.C.I.(Bangalore) Chits Limited is https://www.mcichitfund.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for M.C.I.(Bangalore) Chits Limited has risen by 36.29%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of M.C.I.(Bangalore) Chits Limited has experienced an upsurge of 2.85%.

  • As per the financial statements for fiscal Year 2023, The total open charges for M.C.I.(Bangalore) Chits Limited amount to ₹ 4.75 Cr.

  • The most recent Balance Sheet for M.C.I.(Bangalore) Chits Limited was filed with the ROC on 31 Mar 2023.

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