Markhandeya Chits Private Limited - Due diligence report

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

1996-03-19 Gokak, Karnataka Active Unlisted Active Compliant
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MC Markhandeya Chits Private Limited
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Markhandeya Chits Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
80/100
Trust Score
Low Risk

Markhandeya Chits Private Limited is assessed as Low Risk with a Trust Score of 80/100. Markhandeya Chits Private Limited is an active private limited indian non-government company incorporated in 1996, operating in the Financial Services sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and low financial risk profile.

Report generated on 06 Oct 2026 from the latest processed filings. Markhandeya Chits Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Good

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
80/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
68/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 2 filed year(s)

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

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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: 45/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Elevated gearing (D/E 1.42).
  • Profitable - internal accruals available.

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

Compliance Score: 68/100 Moderate
  • Company status is Active as per MCA.
  • Last balance sheet is for Mar 2024 - filings overdue.
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
KISHORE SADASHIV SHETTI 01234567 Director 01/04/2018 6 yrs Approved
ARUN SALALLI MONAPPA 01234567 Director 01/04/2018 6 yrs Approved
NIJALINGA KALLAPPA DADDIMANI 01234567 Director 01/04/2018 6 yrs Approved
ANUP GURULINGAPPA KALYANSHETTI 01234567 Director 01/04/2018 6 yrs Approved
VINOD SRIDHAR DONGARE 01234567 Director 01/04/2018 6 yrs Approved
SEEMA BASAVRAJ KALYANSHETTI 01234567 Director 01/04/2018 6 yrs Approved
PREMCHAND GULABCHAND RATHOD 01234567 Director 01/04/2018 6 yrs Approved
  • 7 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2015)
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 majority stake - exact percentages are part of the full report.

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 90 · Distress 80
Growth signals & trust indicators
Steady revenue growth: +2.1x over 1 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Asset base grew 61% - capacity expansion.
Net margin improved to 38%.
Operating for 30+ years.
Active GST registration(s).
Distress signals & risk flags
Statutory filings appear overdue.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence75/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment60/100
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 gaps should be priced into terms.
Investor view82/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 5 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
30 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
28 Apr 2022
Director ceased
ASHOK KADAPPA HEGGANNAVAR
19 Dec 2018
Director ceased
MEENAKSHI ISHWARAPPA RAYAR
Director ceased
REKHA CHANNABASAPPA KALYANSHETTI
23 Nov 2018
Director ceased
JAYADEEP DEVIPRASAD GHATNATTI
28 Sep 2018
Director ceased
ANUP GURULINGAPPA KALYANSHETTI
Director ceased
SEEMA BASAVRAJ KALYANSHETTI
04 May 2018
Director appointed
ANUP GURULINGAPPA KALYANSHETTI (Director)
12 Apr 2018
Director appointed
SEEMA BASAVRAJ KALYANSHETTI (Director)
09 Mar 2015
Director ceased
DINESH MANOHAR ANGADI
06 Jan 2014
Director appointed
KISHORE SADASHIV SHETTI (Director)
Director ceased
VAIBHAV VIJAYAKUMA DONGARE
19 Mar 1996
Incorporated
Registered with Roc Bangalore
Director appointed
ARUN SALALLI MONAPPA (Director)
10

Key Observations

Auto-generated from the data above
Revenue grew 1.42 over the last 1 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
7 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Promoters hold a majority 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
Yaragatti Sugars Private Limited U15122KA2007PTC044197 Belgaum, Karnataka
Bhistadevi Chits Private Limited U65992KA2017PTC108692 Belgaum, Karnataka
Narachi Real Estate And Developers Private Limited U70109KA2020PTC139394 Belgaum, Karnataka
Gokak Janata Chits Private Limited U65999KA2016PTC094678 Belgaum, Karnataka
Shri Osiya Chits (Gokak) Private Limited U65992KA2004PTC034142 Belgaum, Karnataka
JANASNEHI CHITS PRIVATE LIMITED U65992KA2015PTC078288 Belgaum, Karnataka
Swarnshree Chits Private Limited U65992KA2014PTC075228 Belgaum, Karnataka
Snehabandhu Chits Private Limited U65992KA2016PTC093118 Belgaum, Karnataka
Marikamba Chit Funds Private Limited U65992KA2003PTC032132 Belgaum, Karnataka
Lambodhar Chits Private Limited U65992KA2012PTC064143 Belgaum, Karnataka
12

Who Uses This Report

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

Verify Markhandeya Chits Private Limited before audits and certifications: compliance score 68/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Markhandeya Chits 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 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 90/100, margin trends, ownership structure and peer set for Markhandeya Chits Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 80/100, distress signals and MSME payment-delay disclosures - know whether Markhandeya Chits Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Markhandeya Chits Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Markhandeya Chits Private Limited an active company?

Markhandeya Chits Private Limited has MCA status “Active” with a compliance score of 68/100 (Moderate).

Is Markhandeya Chits Private Limited financially healthy?

Markhandeya Chits Private Limited has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.

Should I do business with Markhandeya Chits Private Limited?

Its overall Trust Score is 80/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Markhandeya Chits Private Limited?

Promoters hold a majority stake - exact percentages are in the full report. 7 active director(s) are on record.

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

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

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

Last balance sheet is for Mar 2024 - filings overdue. Overall compliance score: 68/100 (Moderate).

Is it risky to lend to Markhandeya Chits Private Limited?

Its Credit Risk Score is 45/100 (Caution Indicated). 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.