Souhardha Chits Private Limited

Chit fund company offering monthly subscription packages to various individuals and businesses since 1999.

1999 | Bangaluru, Karnataka (India) | Active
Last Updated:

Souhardha Chits Profile

Key Indicators

  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 1.67 Cr
  • Company Age 26 Year, 16 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 5.09 Cr
  • Satisfied Charges ₹ 3.66 Cr
  • Revenue Growth 4.59%
  • Profit Growth -90.93%
  • Ebitda 56.88%
  • Net Worth 0.70%
  • Total Assets -2.61%

About Souhardha Chits

Souhardha Chits Private Limited (SCPL) is a Private Limited Indian Non-Government Company incorporated in India on 12 April 1999 and has a history of 26 years. 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 2024. It's a company limited by shares with an authorized capital of Rs 2.00 Cr and a paid-up capital of Rs 1.67 Cr.

The company currently has active open charges totaling ₹5.09 Cr. The company has closed loans amounting to ₹3.66 Cr, as per Ministry of Corporate Affairs (MCA) records.

Sharschandra Ramaiah, Bavekeri Sirish, Mahesh Puttaiah, and Three other members 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

    U65992KA1999PTC025047

  • Company No.

    025047

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    12 Apr 1999

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Financial Services
Company report

Souhardha Chits Private Limited

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

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

Board Members (6)

NameDesignationAppointment DateStatus
Sharschandra Ramaiah Country flag representing In Director 12-Apr-1999Current
Bavekeri Sirish Country flag representing In Director 12-Apr-1999Current
Mahesh Puttaiah Country flag representing In Director 08-Jul-2002Current
Venkate Munibyregowda Country flag representing In Director 04-Mar-2017Current
Hachar Shantha Country flag representing In Director 21-Jun-2024Current
Munegowda Munibyregowda Country flag representing In Director 04-Mar-2017Current

Financial Performance of Souhardha Chits.

Souhardha Chits Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 4.59% increase. The company also saw a substantial fall in profitability, with a 90.93% decrease in profit. The company's net worth moved up by a moderate rise of 0.7%.

Souhardha Chits revenue growth over time
Souhardha 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
4.59%
Revenue from Operations
12.09%
Total Assets
-2.61%
Profit or Loss
-90.93%
Net Worth
0.70%
EBITDA
56.88%

What is the Ownership and Shareholding Structure of Souhardha Chits?

In 2023, Souhardha 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)

Open Charges

₹5.09 Cr

Satisfied Charges

₹3.66 Cr

Charges Breakdown by Lending Institutions

  • Others : 3.50 Cr
  • Lakshmi Vilas Bank Limited : 1.23 Cr
  • Hdfc Bank Limited : 0.36 Cr

Latest Charge Details

DateLenderAmountStatus
30 Sep 2021Hdfc Bank Limited₹3.60 MOpen
02 Jan 2019Lakshmi Vilas Bank Limited₹1.23 CrOpen
15 May 2015Others₹3.50 CrOpen
29 Aug 2019Lakshmi Vilas Bank Limited₹1.66 CrSatisfied
21 Nov 2015Lakshmi Vilas Bank Limited₹2.00 CrSatisfied

How Many Employees Work at Souhardha Chits?

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

Employee growth trends for Souhardha Chits Private Limited

Deals i

Graph showing company valuation over time

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

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 3.50 Cr registered on 15 May 2015 with Charge ID 10577741 was modified on 29 Nov 2024.

  • Annual General Meeting

    Souhardha Chits Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Director Appointment

    Hachar Siddappa Gowda Shantha was appointed as a Director was appointed as a Director on 21 Jun 2024 & has been associated with this company since 10 months 6 days .

  • Balance Sheet

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

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.36 Cr with Charge ID 100506396 was registered on 30 Sep 2021.

  • Charges

    A charge with Lakshmi Vilas Bank Limited of Rs. 1.23 Cr registered on 02 Jan 2019 with Charge ID 100231320 was modified on 06 Apr 2021.

Frequently asked questions

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

    Souhardha Chits Private Limited was incorporated on 12 Apr 1999.

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

    The authorized share capital of Souhardha Chits Private Limited is ₹ 2.00 Cr and paid-up capital is ₹ 1.67 Cr.

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

    Currently 6 directors are associated with Souhardha Chits Private Limited.

    • Sharschandra Ramaiah
    • Bavekeri Manappa Hegde Sanchitha Sirish
    • Mahesh Asagodu Puttaiah
    • Venkate Gowda Munibyregowda
    • Hachar Siddappa Gowda Shantha
    • Munegowda Munibyregowda

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

    As per Ministry of Corporate Affairs (Mca), the registered address of Souhardha Chits Private Limited is No. 52 2Nd Floor Bhagavathi Tower 33Rd Cross 4Th Block, Jayanagar India, Bangalore, Karnataka, 560011.

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

    The corporate identification number (CIN) of Souhardha Chits Private Limited is U65992KA1999PTC025047 and the company number is 025047 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Souhardha Chits Private Limited?

    The Official website of Souhardha Chits Private Limited is https://www.souhardhachits.com

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

    According to the financial reports for the fiscal year 2023, the revenue trend for Souhardha Chits Private Limited has risen by 4.59%.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Souhardha Chits Private Limited has experienced an upsurge of 0.70%.

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

    As per the financial statements for fiscal Year 2023, The total open charges for Souhardha Chits Private Limited amount to ₹ 5.09 Cr.

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

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

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