Vee-Eff Chits Private Limited

Financial services company specializing in chit activity, based in Karnataka.

1984 | Mysore, Karnataka (India) | Active
Last Updated: December 11, 2024

Vee-Eff Chits Profile

Key Indicators

  • Authorised Capital ₹ 0.90 M
  • Paid Up Capital ₹ 0.85 M
  • Company Age 40 Year, 7 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth -2.52%
  • Profit Growth -72.32%
  • Ebitda -8134.23%
  • Net Worth -20.01%
  • Total Assets 1.35%

About Vee-Eff Chits

Vee-Eff Chits Private Limited (VCPL) is a Private Limited Indian Non-Government Company incorporated in India on 06 July 1984 and has a history of 40 years and seven 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 2024. It's a company limited by shares with an authorized capital of Rs 0.90 M and a paid-up capital of Rs 0.85 M, as per Ministry of Corporate Affairs (MCA) records.

Budagutta Sathyanarayana, Krishnam Jayaprakash, and Krishnam Sreenath 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

    U65992KA1984PTC006205

  • Company No.

    006205

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    06 Jul 1984

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Financial Services

Who are the key members and board of directors at Vee-Eff Chits?

Board Members (3)

Name Designation Appointment Date Status
Budagutta Sathyanarayana Country flag representing In Director 29-Dec-2018 Current
Krishnam Jayaprakash Country flag representing In Director 29-Dec-2018 Current
Krishnam Sreenath Country flag representing In Director 17-Sep-2021 Current

Financial Performance of Vee-Eff Chits.

Vee-Eff Chits Private Limited, for the financial year ended 2022, experienced Minor drop in revenue, with a 2.52% decrease. The company also saw a substantial fall in profitability, with a 72.32% decrease in profit. The company's net worth observed a substantial decline by a decrease of 20.01%.

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
-2.52%
Revenue from Operations
-5.95%
Total Assets
1.35%
Profit or Loss
-72.32%
Net Worth
-20.01%
EBITDA
-8134.23%

What is the Ownership and Shareholding Structure of Vee-Eff Chits?

In 2021, Vee-Eff Chits had a promoter holding of 40.49% and a public holding of 59.51%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Vee-Eff Chits?

Unlock and access historical data on people associated with Vee-Eff 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 Vee-Eff 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 Vee-Eff 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 Vee-Eff Chits

Recent activity within the organization

  • Annual General Meeting

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

    30 Sep 2024

  • Balance Sheet

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

    31 Mar 2024

  • Director Appointment

    Krishnam Somashekara Gupta Sreenath was appointed as a Director was appointed as a Director on 17 Sep 2021 & has been associated with this company since 3 years 4 months .

    17 Sep 2021

  • Director Appointment

    Budagutta Sundararamaswamysetty Sathyanarayana was appointed as a Director was appointed as a Director on 29 Dec 2018 & has been associated with this company since 6 years 1 month .

    29 Dec 2018

  • Director Appointment

    Krishnam Appaiasetty Jayaprakash was appointed as a Director was appointed as a Director on 29 Dec 2018 & has been associated with this company since 6 years 1 month .

    29 Dec 2018

  • Company Incorporation

    Vee-Eff Chits Private Limited was registered on 06 Jul 1984 with Roc Bangalore & aged 40 years 7 months as per MCA records.

    06 Jul 1984

Frequently asked questions

  • Vee-Eff Chits Private Limited was incorporated on 06 Jul 1984.

  • The authorized share capital of Vee-Eff Chits Private Limited is ₹ 0.90 M and paid-up capital is ₹ 0.85 M.

  • Currently 3 directors are associated with Vee-Eff Chits Private Limited.

    • Budagutta Sundararamaswamysetty Sathyanarayana
    • Krishnam Appaiasetty Jayaprakash
    • Krishnam Somashekara Gupta Sreenath
  • As per Ministry of Corporate Affairs (Mca), the registered address of Vee-Eff Chits Private Limited is No.9/2 Newl 350 Silvertower Building Ashoka Road, India, Mysore., Karnataka, 570001.

  • The corporate identification number (CIN) of Vee-Eff Chits Private Limited is U65992KA1984PTC006205 and the company number is 006205 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2022, the revenue trend for Vee-Eff Chits Private Limited has fallen by -2.52%.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Vee-Eff Chits Private Limited has experienced an downturn of -20.01%.

  • The most recent Balance Sheet for Vee-Eff Chits Private Limited was filed with the ROC on 31 Mar 2024.

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