Virchakra Chits Private Limited

Provides chit fund services for individuals and businesses.

1990 | Bangaluru, Karnataka (India) | Active
Last Updated: January 07, 2025

Virchakra Chits Profile

Key Indicators

  • Authorised Capital ₹ 1.50 M
  • Paid Up Capital ₹ 0.90 M
  • Company Age 34 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 2.25 M
  • Revenue Growth 19.98%
  • Profit Growth 224.88%
  • Ebitda 94.69%
  • Net Worth 133.48%
  • Total Assets 2.06%

About Virchakra Chits

Virchakra Chits Private Limited (VCPL) is a Private Limited Indian Non-Government Company incorporated in India on 27 September 1990 and has a history of 34 years and four 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 2024. It's a company limited by shares with an authorized capital of Rs 1.50 M and a paid-up capital of Rs 0.90 M.

The company currently has active open charges totaling ₹2.25 M.

Gulur Manjula and Honnudike Kavyanka serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65992KA1990PTC011248

  • Company No.

    011248

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    27 Sep 1990

  • 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 Virchakra Chits?

Executive Team (1)

Name Designation Appointment Date Status
Honnudike Kavyanka Country flag representing In Managing Director 22-Jul-2013 Current

Board Members (1)

Name Designation Appointment Date Status
Gulur Manjula Country flag representing In Director 29-Sep-1998 Current

Financial Performance of Virchakra Chits.

Virchakra Chits Private Limited, for the financial year ended 2020, experienced significant growth in revenue, with a 19.98% increase. The company also saw a substantial improvement in profitability, with a 224.88% increase in profit. The company's net worth Soared by an impressive increase of 133.48%.

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
19.98%
Revenue from Operations
22.54%
Total Assets
2.06%
Profit or Loss
224.88%
Net Worth
133.48%
EBITDA
94.69%

What is the Ownership and Shareholding Structure of Virchakra Chits?

In 2020, Virchakra Chits had a promoter holding of 53.94% and a public holding of 46.06%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹2.25 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 0.18 Cr
  • The Karur Vysya Bank Limited : 0.05 Cr

Latest Charge Details

Date Lender Amount Status
15 Mar 2024 Others ₹1.80 M Open
30 Apr 2011 The Karur Vysya Bank Limited ₹0.45 M Open

How Many Employees Work at Virchakra Chits?

Unlock and access historical data on people associated with Virchakra 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 Virchakra 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 Virchakra 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 Virchakra Chits

Recent activity within the organization

  • Annual General Meeting

    Virchakra 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

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

    31 Mar 2024

  • Charges

    A charge with Others amounted to Rs. 1.80 M with Charge ID 100880209 was registered on 15 Mar 2024.

    15 Mar 2024

  • Director Appointment

    Honnudike Suresh Kavyanka was appointed as a Managing Director was appointed as a Managing Director on 22 Jul 2013 & has been associated with this company since 11 years 6 months .

    22 Jul 2013

  • Charges

    A charge with The Karur Vysya Bank Limited amounted to Rs. 0.45 M with Charge ID 10289278 was registered on 30 Apr 2011.

    30 Apr 2011

  • Director Appointment

    Gulur Suresh Revanna Manjula was appointed as a Director was appointed as a Director on 29 Sep 1998 & has been associated with this company since 26 years 4 months .

    29 Sep 1998

Frequently asked questions

  • Virchakra Chits Private Limited was incorporated on 27 Sep 1990.

  • The authorized share capital of Virchakra Chits Private Limited is ₹ 1.50 M and paid-up capital is ₹ 0.90 M.

  • Currently 2 directors are associated with Virchakra Chits Private Limited.

    • Gulur Suresh Revanna Manjula
    • Honnudike Suresh Kavyanka
  • As per Ministry of Corporate Affairs (Mca), the registered address of Virchakra Chits Private Limited is No.64 1 Floor Maruthi Plazadvg Road, India, Bangalore, Karnataka, 560004.

  • The corporate identification number (CIN) of Virchakra Chits Private Limited is U65992KA1990PTC011248 and the company number is 011248 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Virchakra Chits Private Limited is https://www.virchakrachits.com

  • According to the financial reports for the fiscal year 2020, the revenue trend for Virchakra Chits Private Limited has risen by 19.98%.

  • The financial reports for the fiscal year 2020 indicates that The net worth of Virchakra Chits Private Limited has experienced an upsurge of 133.48%.

  • As per the financial statements for fiscal Year 2020, The total open charges for Virchakra Chits Private Limited amount to ₹ 2.25 M.

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

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