First Credit Ites Private Limited

IT company providing software publishing, IT consultancy, and web hosting services since 2010 in Mumbai.

2010 | Thane, Maharashtra (India) | Active
Last Updated: July 31, 2024

First Credit Ites Profile

Key Indicators

  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 1.00 Cr
  • Company Age 14 Year, 10 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 4.50 Cr
  • Satisfied Charges ₹ 3.50 Cr
  • Revenue Growth 37.31%
  • Profit Growth -1.72%
  • Ebitda 29.65%
  • Net Worth 26.93%
  • Total Assets 27.74%

About First Credit Ites

First Credit Ites Private Limited (FCIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 11 March 2010 and has a history of 14 years and ten months. Its registered office is in Thane, Maharashtra, India.

The Corporate was formerly known as First Credit Ite Services Private Limited. The Company is engaged in the Information Technology Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 2.00 Cr and a paid-up capital of Rs 1.00 Cr.

The company currently has active open charges totaling ₹4.50 Cr. The company has closed loans amounting to ₹3.50 Cr, as per Ministry of Corporate Affairs (MCA) records.

Rajesh Chhabria and Bharat Wadhwa serve as directors at the Company.

Company Details

  • Location

    Thane, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U93000MH2010PTC200783

  • Company No.

    200783

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    11 Mar 2010

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Information Technology

Who are the key members and board of directors at First Credit Ites?

Board Members (2)

Name Designation Appointment Date Status
Bharat Wadhwa Country flag representing In Director 10-Sep-2011 Current
Rajesh Chhabria Country flag representing Us Director 29-Sep-2012 Current

Financial Performance of First Credit Ites.

First Credit Ites Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 37.31% increase. The company also saw a slight decrease in profitability, with a 1.72% decrease in profit. The company's net worth Soared by an impressive increase of 26.93%.

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
37.31%
Revenue from Operations
39.86%
Total Assets
27.74%
Profit or Loss
-1.72%
Net Worth
26.93%
EBITDA
29.65%

What is the Ownership and Shareholding Structure of First Credit Ites?

In 2023, First Credit Ites had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹4.50 Cr

Satisfied Charges

₹3.50 Cr

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 4.00 Cr
  • Hdfc Bank Limited : 0.50 Cr

Latest Charge Details

Date Lender Amount Status
07 Jan 2023 Hdfc Bank Limited ₹5.00 M Open
21 Apr 2022 Axis Bank Limited ₹4.00 Cr Open
28 Mar 2016 Axis Bank Limited ₹1.50 Cr Satisfied
04 Aug 2014 Nkgsb Co-Op Bank Ltd ₹2.00 Cr Satisfied

How Many Employees Work at First Credit Ites?

First Credit Ites has a workforce of 32 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of First Credit Ites, 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 First Credit Ites'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 First Credit Ites

Recent activity within the organization

  • Charges

    A charge with Axis Bank Limited of Rs. 4.00 Cr registered on 21 Apr 2022 with Charge ID 100570184 was modified on 18 May 2024.

    18 May 2024

  • Annual General Meeting

    First Credit Ites Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    First Credit Ites Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.50 Cr with Charge ID 100727202 was registered on 07 Jan 2023.

    07 Jan 2023

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 4.00 Cr with Charge ID 100570184 was registered on 21 Apr 2022.

    21 Apr 2022

  • Charges

    A charge registered on 28 Mar 2016 via Charge ID 100022727 with Axis Bank Limited was fully satisfied on 19 Apr 2018.

    19 Apr 2018

Frequently asked questions

  • First Credit Ites Private Limited was incorporated on 11 Mar 2010.

  • The authorized share capital of First Credit Ites Private Limited is ₹ 2.00 Cr and paid-up capital is ₹ 1.00 Cr.

  • Currently 2 directors are associated with First Credit Ites Private Limited.

    • Rajesh Nandlal Chhabria
    • Bharat Hariram Wadhwa
  • As per Ministry of Corporate Affairs (Mca), the registered address of First Credit Ites Private Limited is Unit No 401 4Th Floor Nitco Biz Park Plot No. C-19, Road No. 16U Wagle Estate Thane West Wagle I.E., Maharashtra, India, 400604.

  • The corporate identification number (CIN) of First Credit Ites Private Limited is U93000MH2010PTC200783 and the company number is 200783 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2023, the revenue trend for First Credit Ites Private Limited has risen by 37.31%.

  • As Per 2023 financial reports, 32 employees are currently employed by First Credit Ites Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of First Credit Ites Private Limited has experienced an upsurge of 26.93%.

  • As per the financial statements for fiscal Year 2023, The total open charges for First Credit Ites Private Limited amount to ₹ 4.50 Cr.

  • The most recent Balance Sheet for First Credit Ites Private Limited was filed with the ROC on 31 Mar 2023.

Similar Companies Based on IT Consulting & Support Services