First Economy Profile
Key Indicators
- Authorised Capital ₹ 0.50 M
as on 16-11-2024
- Paid Up Capital ₹ 0.10 M
as on 16-11-2024
- Company Age 12 Year, 8 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 4.81 M
as on 16-11-2024
- Revenue 66.74%
(FY 2023)
- Profit -9.45%
(FY 2023)
- Ebitda -5.69%
(FY 2023)
- Net Worth 51.80%
(FY 2023)
- Total Assets 42.99%
(FY 2023)
About First Economy
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.
- 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
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
- Email Address
- Website
- Social Media-
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.
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)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Hdfc Bank Limited Creation Date: 26 Apr 2021 | ₹0.81 M | Open |
Axis Bank Limited Creation Date: 26 Dec 2018 | ₹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.
