Mfc Chits Private Limited

Provides chit fund services, incorporated in 1997, based in Karnataka.

1997 | Mysore, Karnataka (India) | Active
Last Updated:

Mfc Chits Profile

Key Indicators

  • Authorised Capital ₹ 0.50 M
  • Paid Up Capital ₹ 0.46 M
  • Company Age 27 Year, 8 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 0.90 M
  • Revenue Growth 23.61%
  • Profit Growth 607.12%
  • Ebitda 144.79%
  • Net Worth 93.82%
  • Total Assets 53.90%

About Mfc Chits

Mfc Chits Private Limited (MCPL) is a Private Limited Indian Non-Government Company incorporated in India on 13 June 1997 and has a history of 27 years and eight months. Its registered office is in Mysore, 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 0.50 M and a paid-up capital of Rs 0.46 M.

The company currently has active open charges totaling ₹0.90 M.

Venkataramanaswamysetty, Binduvalam Vijayalakshmi, Sudha Girish, and Three other members serve as directors at the Company.

Company Details

  • Location

    Mysore, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65992KA1997PTC022380

  • Company No.

    022380

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    13 Jun 1997

  • 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 Mfc Chits?

Board Members (6)

NameDesignationAppointment DateStatus
Venkataramanaswamysetty Country flag representing In Director 30-Sep-2016Current
Binduvalam Vijayalakshmi Country flag representing In Director 13-Jun-1997Current
Sudha Girish Country flag representing In Director 13-Jun-1997Current
Bindumalyam Nagesha Country flag representing In Director 02-Dec-2014Current
Hebbur Ravikumar Country flag representing In Director 30-Sep-2016Current
Nagendra Sathyanarayanasetty Country flag representing In Director 20-Nov-2020Current

Financial Performance of Mfc Chits.

Mfc Chits Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 23.61% increase. The company also saw a substantial improvement in profitability, with a 607.12% increase in profit. The company's net worth Soared by an impressive increase of 93.82%.

Mfc Chits revenue growth over time
Mfc 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
23.61%
Revenue from Operations
33.29%
Total Assets
53.90%
Profit or Loss
607.12%
Net Worth
93.82%
EBITDA
144.79%

What is the Ownership and Shareholding Structure of Mfc Chits?

Unlock access to Mfc Chits's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0.90 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Lakshmi Vilas Bank Limited : 0.09 Cr

Latest Charge Details

DateLenderAmountStatus
13 May 2019Lakshmi Vilas Bank Limited₹0.90 MOpen

How Many Employees Work at Mfc Chits?

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

Employee growth trends for Mfc Chits Private Limited

Deals i

Graph showing company valuation over time

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

Recent activity within the organization

  • Annual General Meeting

    Mfc Chits Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Mfc Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.

  • Charges

    A charge with Lakshmi Vilas Bank Limited amounted to Rs. 0.90 M with Charge ID 100262811 was registered on 13 May 2019.

  • Director Appointment

    Hebbur Ravikumar Lalitha Ravikumar was appointed as a Director was appointed as a Director on 30 Sep 2016 & has been associated with this company since 8 years 5 months .

  • Director Appointment

    Venkataramanaswamysetty was appointed as a Director was appointed as a Director on 30 Sep 2016 & has been associated with this company since 8 years 5 months .

  • Director Appointment

    Bindumalyam Ranganathasetty Nagesha was appointed as a Director was appointed as a Director on 02 Dec 2014 & has been associated with this company since 10 years 3 months .

Frequently asked questions

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

    Mfc Chits Private Limited was incorporated on 13 Jun 1997.

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

    The authorized share capital of Mfc Chits Private Limited is ₹ 0.50 M and paid-up capital is ₹ 0.46 M.

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

    Currently 6 directors are associated with Mfc Chits Private Limited.

    • Venkataramanaswamysetty
    • Binduvalam Ashokkumar Vijayalakshmi
    • Sudha Girish
    • Bindumalyam Ranganathasetty Nagesha
    • Hebbur Ravikumar Lalitha Ravikumar
    • Nagendra Kumar Sathyanarayanasetty

  • What is the registered address of Mfc Chits Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Mfc Chits Private Limited is 180/2 1St Floor Cheluvamba Agrahara Ramavilas Raod Cross, India, Mysore, Karnataka, 570008.

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

    The corporate identification number (CIN) of Mfc Chits Private Limited is U65992KA1997PTC022380 and the company number is 022380 as per Ministry of Corporate Affairs (MCA).

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

    According to the financial reports for the fiscal year 2023, the revenue trend for Mfc Chits Private Limited has risen by 23.61%.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Mfc Chits Private Limited has experienced an upsurge of 93.82%.

  • What are the total open charges for Mfc Chits Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Mfc Chits Private Limited amount to ₹ 0.90 M.

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

    The most recent Balance Sheet for Mfc Chits Private Limited was filed with the ROC on 31 Mar 2023.

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