Basava Chits Ilkal Private Limited - Due diligence report

A 360° intelligence report on Basava Chits Ilkal Private Limited: trust score, financial health, credit view, compliance, directors, growth …

2008-11-20 Ilkal, Karnataka Active Unlisted Active Compliant
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BC Basava Chits Ilkal Private Limited
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Basava Chits Ilkal Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
84/100
Trust Score
Low Risk

Basava Chits Ilkal Private Limited is assessed as Low Risk with a Trust Score of 84/100. Basava Chits Ilkal Private Limited is an active private limited indian non-government company incorporated in 2008, operating in the Financial Services sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and moderate financial risk profile.

Report generated on 21 Jul 2026 from the latest processed filings. Basava Chits Ilkal Private Limited snapshot & full profile →

Financial Health › Good
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreLow Risk
84/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
65/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 4 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 55/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
VEERABHADRAPPA SIDDAPPA ANGADI 01234567 Director 01/04/2018 6 yrs Approved
MAHABALESHWAR GURAPPA MARATAD 01234567 Director 01/04/2018 6 yrs Approved
SHIVARUDRAPPA MAHANTAPPA GONGADASHETTI 01234567 Director 01/04/2018 6 yrs Approved
MOHAN VEERAPPA AKKI 01234567 Director 01/04/2018 6 yrs Approved
VISHAL SUBHASHCHANDRA KATHARIYA 01234567 Director 01/04/2018 6 yrs Approved
RENUKAYYA SHASTRI SOMASHEKHARYYA 01234567 Director 01/04/2018 6 yrs Approved
RUDRAPPA MUDAKAPPA SAMATAR 01234567 Director 01/04/2018 6 yrs Approved
SANGAPPA KAMPLI 01234567 Director 01/04/2018 6 yrs Approved
SHEKHARAYYA KARABASAYYA SHANKIN 01234567 Director 01/04/2018 6 yrs Approved
GANGADHAR MAHANTAPPA SHETTER 01234567 Director 01/04/2018 6 yrs Approved
MAHANTESH SHIVASANGAPPA KADAPATTI 01234567 Director 01/04/2018 6 yrs Approved
Susheela Mahantappa Gaddi 01234567 Director 01/04/2018 6 yrs Approved
  • 12 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2017)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2017 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
-

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 65
Growth signals & trust indicators
Operating for 17+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Profit declined two years in a row.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence85/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment69/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance record supports lending.
Investor view60/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
01 Oct 2025
Director appointed
Susheela Mahantappa Gaddi (Additional Director)
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
21 Sep 2023
Director ceased
MAHANTAPPA BASAPPA GADDI
30 Sep 2019
Director ceased
VISHAL SUBHASHCHANDRA KATHARIYA
29 Mar 2019
Director appointed
VISHAL SUBHASHCHANDRA KATHARIYA (Director)
Director ceased
VISHAL KATHARIYA
28 Apr 2011
Director appointed
MOHAN VEERAPPA AKKI (Director)
Director appointed
MAHANTESH SHIVASANGAPPA KADAPATTI (Director)
20 Nov 2008
Incorporated
Registered with Roc Bangalore
Director appointed
VEERABHADRAPPA SIDDAPPA ANGADI (Director)
Director appointed
MAHABALESHWAR GURAPPA MARATAD (Director)
Director appointed
SHIVARUDRAPPA MAHANTAPPA GONGADASHETTI (Director)
Director appointed
RENUKAYYA SHASTRI SOMASHEKHARYYA (Director)
Director appointed
RUDRAPPA MUDAKAPPA SAMATAR (Director)
10

Key Observations

Auto-generated from the data above
Revenue declined 1.42 over the last 3 financial year(s).
Net profit margin moved from 2.1x to 24%.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
12 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Promoters hold a dominant controlling stake as per the FY 2017 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Abak Infotech Private Limited U72200MH2007PTC175284 Navi Mumbai, Maharashtra, India
Kaizen Fiscal Services Private Limited U74140MH2013PTC246346 Nashik, Maharashtra, India
Ghatanji Urban Nidhi Limited U65992MH2017PLC297755 Yavatmal, Maharashtra, India
Majestic Vincom Pvt.Ltd. U51109WB1995PTC072681 Kolkata, West Bengal, India
Telic Chit Fund Pvt Ltd U65992HR1998PTC033831 Haryana, Haryana, India
Kshama Investments Pvt Ltd U65910GJ1981PTC004940 Ahmedabad, Gujarat, India
Indu Chit Fund Private Limited U65929TG2016PTC112491 Hyderabad, Telangana, India
Pahad Plastics Private Limited U02520TZ1988PTC002307 Coimbatore, Tamil Nadu, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Basava Chits Ilkal Private Limited before audits and certifications: compliance score 100/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Basava Chits Ilkal Private Limited: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for Basava Chits Ilkal Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 84/100, distress signals and MSME payment-delay disclosures - know whether Basava Chits Ilkal Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Basava Chits Ilkal Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Basava Chits Ilkal Private Limited an active company?

Basava Chits Ilkal Private Limited has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Basava Chits Ilkal Private Limited financially healthy?

Basava Chits Ilkal Private Limited has a Financial Health Score of 65/100 (Moderate) based on its filed financial statements.

Should I do business with Basava Chits Ilkal Private Limited?

Its overall Trust Score is 84/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Basava Chits Ilkal Private Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 12 active director(s) are on record.

Does Basava Chits Ilkal Private Limited have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Basava Chits Ilkal Private Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 100/100 (Low Risk).

Is it risky to lend to Basava Chits Ilkal Private Limited?

Its Credit Risk Score is 55/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.