Ibg Echits India Private Limited

Digital chit fund company offering online chits from 0.5 lacs to 5 lacs.

2018 | Hyderabad, Telangana (India) | Active
Last Updated: December 14, 2024

Ibg Echits India Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 4.20 M
  • Company Age 6 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 9.00 Cr
  • Revenue Growth 174.29%
  • Profit Growth 122.60%
  • Ebitda 107.69%
  • Net Worth 37.86%
  • Total Assets 113.66%

About Ibg Echits India

Ibg Echits India Private Limited (IEIPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 25 October 2018 (Six years and four months 2 days old ). Its registered office is in Hyderabad, Telangana, India.

The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 5.00 M and a paid-up capital of Rs 4.20 M.

The company currently has active open charges totaling ₹9.00 Cr.

Ravindranath Kamma and Veerapraveen Reddy serve as directors at the Company.

Company Details

  • Location

    Hyderabad, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    ibgechits.com

  • Social Media
  • Apps

Corporate Identity Details

  • CIN/LLPIN

    U65992TG2018PTC127896

  • Company No.

    127896

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    25 Oct 2018

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Financial Services

Who are the key members and board of directors at Ibg Echits India?

Board Members (2)

NameDesignationAppointment DateStatus
Ravindranath Kamma Country flag representing In Director 16-Aug-2023Current
Veerapraveen Reddy Country flag representing In Director 25-Oct-2018Current

Financial Performance of Ibg Echits India.

Ibg Echits India Private Limited, for the financial year ended 2021, experienced significant growth in revenue, with a 174.29% increase. The company also saw a substantial improvement in profitability, with a 122.6% increase in profit. The company's net worth Soared by an impressive increase of 37.86%.

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
174.29%
Revenue from Operations
232.73%
Total Assets
113.66%
Profit or Loss
122.60%
Net Worth
37.86%
EBITDA
107.69%

What is the Ownership and Shareholding Structure of Ibg Echits India?

In 2021, Ibg Echits India had a public 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

₹90.00 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 9.00 Cr

Latest Charge Details

DateLenderAmountStatus
16 Oct 2023Others₹4.00 CrOpen
14 Apr 2022Others₹5.00 CrOpen

How Many Employees Work at Ibg Echits India?

Unlock and access historical data on people associated with Ibg Echits India, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Ibg Echits India, 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 Ibg Echits India'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 Ibg Echits India

Recent activity within the organization

  • Annual General Meeting

    Ibg Echits India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Charges

    A charge with Others of Rs. 40.00 M registered on 16 Oct 2023 with Charge ID 100825666 was modified on 23 May 2024.

    23 May 2024

  • Balance Sheet

    Ibg Echits India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.

    31 Mar 2024

  • Charges

    A charge with Others amounted to Rs. 40.00 M with Charge ID 100825666 was registered on 16 Oct 2023.

    16 Oct 2023

  • Director Appointment

    Ravindranath Kamma was appointed as a Director was appointed as a Director on 16 Aug 2023 & has been associated with this company since 1 year 6 months .

    16 Aug 2023

  • Charges

    A charge with Others amounted to Rs. 50.00 M with Charge ID 100569818 was registered on 14 Apr 2022.

    14 Apr 2022

Frequently asked questions

  • Ibg Echits India Private Limited was incorporated on 25 Oct 2018.

  • The authorized share capital of Ibg Echits India Private Limited is ₹ 5.00 M and paid-up capital is ₹ 4.20 M.

  • Currently 2 directors are associated with Ibg Echits India Private Limited.

    • Ravindranath Kamma
    • Veerapraveen Basireddy Reddy
  • As per Ministry of Corporate Affairs (Mca), the registered address of Ibg Echits India Private Limited is H.No.1-9-19/134, Ramnagar India, Hyderabad, Telangana, 500020.

  • The corporate identification number (CIN) of Ibg Echits India Private Limited is U65992TG2018PTC127896 and the company number is 127896 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Ibg Echits India Private Limited is https://www.ibgechits.com

  • According to the financial reports for the fiscal year 2021, the revenue trend for Ibg Echits India Private Limited has risen by 174.29%.

  • The financial reports for the fiscal year 2021 indicates that The net worth of Ibg Echits India Private Limited has experienced an upsurge of 37.86%.

  • As per the financial statements for fiscal Year 2021, The total open charges for Ibg Echits India Private Limited amount to ₹ 9.00 Cr.

  • The most recent Balance Sheet for Ibg Echits India Private Limited was filed with the ROC on 31 Mar 2024.

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