First Economy Profile
Key Indicators
- Authorised Capital ₹ 0.50 M
- Paid Up Capital ₹ 0.10 M
- Company Age 12 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 4.81 M
- Revenue Growth 66.74%
- Profit Growth -9.45%
- Ebitda -5.55%
- Net Worth 51.80%
- Total Assets 42.99%
About First Economy
First Economy Private Limited (FEPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 27 March 2012 and has a history of 12 years and 11 months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Ighar Solution 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 0.50 M and a paid-up capital of Rs 0.10 M.
The company currently has active open charges totaling ₹4.81 M.
Parth Gandhi and Nilesh Chavan serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U74120MH2012PTC228749
- Company No.
228749
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
27 Mar 2012
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Information Technology
What products or services does First Economy Private Limited offer?
First Economy Private Limited offers a wide range of products and services, including Mobile Application Development, Android Application Development Services, Branding & Advertising Agencies, Advertising Service, Website Development Services.
First Economy Private Limited
Explore comprehensive data for First Economy Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at First Economy?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Parth Gandhi  | Additional Director | 18-Jun-2024 | Current |
| Nilesh Chavan | Additional Director | 15-Nov-2024 | Current |
Financial Performance of First Economy.
First Economy Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 66.74% increase. The company also saw a slight decrease in profitability, with a 9.45% decrease in profit. The company's net worth Soared by an impressive increase of 51.8%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of First Economy?
In 2023, First Economy had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Ediffy Communication Private Limited
Parth Gandhi is a mutual person
- Simega Ventures Private Limited
Nilesh Chavan is a mutual person
- Vijay Bhoomiprop Private Limited
Nilesh Chavan is a mutual person
Charges (Loans)
Open Charges
₹4.81 M
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 0.40 Cr
- Hdfc Bank Limited : 0.08 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Apr 2021 | Hdfc Bank Limited | ₹0.81 M | Open |
| 26 Dec 2018 | Axis Bank Limited | ₹4.00 M | Open |
How Many Employees Work at First Economy?
First Economy has a workforce of 47 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of First Economy, 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 Economy's trajectory.
Rating
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
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 Economy
Recent activity within the organization
- Director Appointment
Nilesh Sadashiv Chavan was appointed as a Additional Director was appointed as a Additional Director on 15 Nov 2024 & has been associated with this company since 4 months 3 days .
- Director Appointment
Parth Amit Gandhi was appointed as a Additional Director was appointed as a Additional Director on 18 Jun 2024 & has been associated with this company since 9 months .
- Annual General Meeting
First Economy Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Balance Sheet
First Economy Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.81 M with Charge ID 100441229 was registered on 26 Apr 2021.
- Charges
A charge with Axis Bank Limited amounted to Rs. 4.00 M with Charge ID 100231606 was registered on 26 Dec 2018.
Recent News, Updates & Announcement
First Economy wins the digital mandate of Nicobar.The digital marketing agency will be responsible for the brand's media strategy and overall media buying across all the digital platforms.
- Jeffrey Crasto, ex-president of Havas, joins First Economy as joint CEO.
After 35 years in traditional advertising, Jeff begins his digital journey .
Frequently asked questions
What is the Incorporation or founding date of First Economy Private Limited?
First Economy Private Limited was incorporated on 27 Mar 2012.
What is authorized share capital and paid-up capital of First Economy Private Limited?
The authorized share capital of First Economy Private Limited is ₹ 0.50 M and paid-up capital is ₹ 0.10 M.
Who are the current board members & directors of First Economy Private Limited?
Currently 2 directors are associated with First Economy Private Limited.
- Parth Amit Gandhi
- Nilesh Sadashiv Chavan
What is the registered address of First Economy Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of First Economy Private Limited is 205 206 2Nd Floor Neelkanth Corporate It Park Plot Nos. 240 240/1 To 8 Kirol Road, Vidyavihar West India, Mumbai, Maharashtra, 400086.
What is the corporate identification number (CIN) and company number of First Economy Private Limited?
The corporate identification number (CIN) of First Economy Private Limited is U74120MH2012PTC228749 and the company number is 228749 as per Ministry of Corporate Affairs (MCA).
What is the official website of First Economy Private Limited?
The Official website of First Economy Private Limited is https://www.firsteconomy.com
What has been the recent revenue trend for First Economy Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for First Economy Private Limited has risen by 66.74%.
How many employees does First Economy Private Limited currently have?
As Per 2023 financial reports, 47 employees are currently employed by First Economy Private Limited.
What change has been observed in the net worth of First Economy Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of First Economy Private Limited has experienced an upsurge of 51.80%.
What are the total open charges for First Economy Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for First Economy Private Limited amount to ₹ 4.81 M.
When was the last Balance Sheet of First Economy Private Limited filed with the ROC?
The most recent Balance Sheet for First Economy Private Limited was filed with the ROC on 31 Mar 2023.
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