Surabhi Chits Limited

Provides chit fund services to diverse clients in Bangalore through 10 branches and 18,000+ customers.

1991 | Bangaluru, Karnataka (India) | Active
Last Updated:

Surabhi Chits Profile

Key Indicators

  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 4.92 Cr
  • Company Age 33 Year, 3 Months
  • Last Filing with ROC 31 Mar 2019
  • Open Charges ₹ 17.28 Cr
  • Satisfied Charges ₹ 1.18 M
  • Revenue Growth 10.24%
  • Profit Growth 1299.12%
  • Ebitda -97.51%
  • Net Worth 8.44%
  • Total Assets -7.57%

About Surabhi Chits

Surabhi Chits Limited (SCL) is a leading Public Limited Indian Non-Government Company incorporated in India on 02 December 1991 and has a history of 33 years and three 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 2019. It's a company limited by shares with an authorized capital of Rs 10.00 Cr and a paid-up capital of Rs 4.92 Cr.

The company currently has active open charges totaling ₹17.28 Cr. The company has closed loans amounting to ₹1.18 M, as per Ministry of Corporate Affairs (MCA) records.

Bangalore Dilip, Bangalore Mohan, and Machani Santosh 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

    U85110KA1991PLC012571

  • Company No.

    012571

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    02 Dec 1991

  • Date of AGM

    22 Oct 2020

  • Date of Balance Sheet

    31 Mar 2019

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Financial Services

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

Executive Team (1)

NameDesignationAppointment DateStatus
Bangalore Dilip Country flag representing In Managing Director01-Apr-2011Current

Board Members (2)

NameDesignationAppointment DateStatus
Bangalore Mohan Country flag representing In Whole-Time Director 21-Dec-1991Current
Machani Santosh Country flag representing In Additional Director 31-May-2023Current

Financial Performance of Surabhi Chits.

Surabhi Chits Limited, for the financial year ended 2018, experienced significant growth in revenue, with a 10.24% increase. The company also saw a substantial improvement in profitability, with a 1299.12% increase in profit. The company's net worth moved up by a moderate rise of 8.44%.

Surabhi Chits revenue growth over time
Surabhi 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
10.24%
Revenue from Operations
7.40%
Total Assets
-7.57%
Profit or Loss
1299.12%
Net Worth
8.44%
EBITDA
-97.51%

What is the Ownership and Shareholding Structure of Surabhi Chits?

In 2018, Surabhi Chits had a promoter holding of 92.64% and a public holding of 7.36%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹17.28 Cr

Satisfied Charges

₹0.12 Cr

Charges Breakdown by Lending Institutions

  • Kotak Mahindra Bank Limited : 9.36 Cr
  • Others : 4.15 Cr
  • Icici Bank Limited : 2.72 Cr
  • Sree Charan Souhardha Co-Operative Bank Ltd : 0.60 Cr
  • Religare Finvest Limited : 0.46 Cr

Latest Charge Details

DateLenderAmountStatus
27 Jul 2018Others₹4.15 CrOpen
28 Oct 2015Religare Finvest Limited₹4.55 MOpen
04 Jul 2014Icici Bank Limited₹1.22 CrOpen
04 Jul 2014Icici Bank Limited₹1.50 CrOpen
05 Sep 2011Kotak Mahindra Bank Limited₹9.36 MOpen

How Many Employees Work at Surabhi Chits?

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

Employee growth trends for Surabhi Chits Limited

Deals i

Graph showing company valuation over time

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

Recent activity within the organization

  • Director Appointment

    Machani Nagaraj Santosh was appointed as a Additional Director was appointed as a Additional Director on 31 May 2023 & has been associated with this company since 1 year 9 months .

  • Annual General Meeting

    Surabhi Chits Limited last Annual general meeting of members was held on 22 Oct 2020 as per latest MCA records.

  • Balance Sheet

    Surabhi Chits Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Bangalore.

  • Charges

    A charge with Others amounted to Rs. 4.15 Cr with Charge ID 100194265 was registered on 27 Jul 2018.

  • Charges

    A charge with Religare Finvest Limited amounted to Rs. 0.46 Cr with Charge ID 10600212 was registered on 28 Oct 2015.

  • Charges

    A charge with Icici Bank Limited amounted to Rs. 1.22 Cr with Charge ID 10511222 was registered on 04 Jul 2014.

Frequently asked questions

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

    Surabhi Chits Limited was incorporated on 02 Dec 1991.

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

    The authorized share capital of Surabhi Chits Limited is ₹ 10.00 Cr and paid-up capital is ₹ 4.92 Cr.

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

    Currently 3 directors are associated with Surabhi Chits Limited.

    • Bangalore Mohan Dilip
    • Bangalore Thirumala Setty Mohan
    • Machani Nagaraj Santosh

  • What is the registered address of Surabhi Chits Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Surabhi Chits Limited is 5 Gajendra Towers 11Th Main 4Th Block Jayanagar, India, Bangalore, Karnataka, 560011.

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

    The corporate identification number (CIN) of Surabhi Chits Limited is U85110KA1991PLC012571 and the company number is 012571 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Surabhi Chits Limited?

    The Official website of Surabhi Chits Limited is https://www.surabhichits.in

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

    According to the financial reports for the fiscal year 2018, the revenue trend for Surabhi Chits Limited has risen by 10.24%.

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

    The financial reports for the fiscal year 2018 indicates that The net worth of Surabhi Chits Limited has experienced an upsurge of 8.44%.

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

    As per the financial statements for fiscal Year 2018, The total open charges for Surabhi Chits Limited amount to ₹ 17.28 Cr.

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

    The most recent Balance Sheet for Surabhi Chits Limited was filed with the ROC on 31 Mar 2019.

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