Incred Capital Financial Services Profile
Key Indicators
- Authorised Capital ₹ 35.51 Cr
- Paid Up Capital ₹ 14.21 Cr
- Company Age 29 Year, 1 Month
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 183.87 Cr
- Satisfied Charges ₹ 75.65 Cr
- Revenue Growth 221.23%
- Profit Growth 348.34%
- Ebitda 412.82%
- Net Worth 20.82%
- Total Assets 28.41%
About Incred Capital Financial Services
Incred Capital Financial Services Limited (ICFSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 27 March 1996 and has a history of 29 years and one month. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Proud Securities And Credits Private Limited. 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 35.51 Cr and a paid-up capital of Rs 14.21 Cr.
The company currently has active open charges totaling ₹183.87 Cr. The company has closed loans amounting to ₹75.65 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Incred Capital Financial Services Limited India is Abhijeet Shinde as COMPANY SECRETARY. Siddharth Parekh, Bhupinder Singh, Vivek Bansal, and Two other members 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
U67120MH1996PLC355036
- Company No.
077647
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
27 Mar 1996
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Financial Services
Incred Capital Financial Services Limited
Explore comprehensive data for Incred Capital Financial Services Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Incred Capital Financial Services?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Abhijeet Shinde  | Company Secretary | 23-Jan-2024 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Vivek Bansal | Director | 26-Mar-2019 | Current |
| Siddharth Parekh | Director | 22-Nov-2018 | Current |
| Saurabh Jhalaria | Director | 12-Jul-2018 | Current |
| Bhupinder Singh | Director | 12-Jul-2018 | Current |
Venkatesh Vishwanathan  | Director | 12-Jul-2018 | Current |
Financial Performance of Incred Capital Financial Services.
Incred Capital Financial Services Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 221.23% increase. The company also saw a substantial improvement in profitability, with a 348.34% increase in profit. The company's net worth Soared by an impressive increase of 20.82%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Incred Capital Financial Services?
In 2022, Incred Capital Financial Services had a promoter holding of 42.03% and a public holding of 57.97%. The company had 3 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Digikredit Finance Private LimitedSiddharth Parekh is a mutual person
Mountain Trail Foods Private LimitedSiddharth Parekh is a mutual person
Neighbourhood Hospitality Private LimitedSiddharth Parekh is a mutual person
Incred Wealth Private LimitedBhupinder Singh is a mutual person
Paragon Advisor Partners LlpSiddharth Parekh is a mutual person
Sanathnagar Enterprises LimitedAbhijeet Shinde is a mutual person
Charges (Loans)
Open Charges
₹183.87 Cr
Satisfied Charges
₹75.65 Cr
Charges Breakdown by Lending Institutions
- Others : 183.87 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 May 2024 | Others | ₹3.00 Cr | Open |
| 15 Mar 2024 | Others | ₹21.50 Cr | Open |
| 27 Feb 2024 | Others | ₹3.00 Cr | Open |
| 23 Feb 2024 | Others | ₹19.90 Cr | Open |
| 01 Sep 2023 | Others | ₹57.47 Cr | Open |
How Many Employees Work at Incred Capital Financial Services?
Incred Capital Financial Services has a workforce of 44 employees as of Mar 29, 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 Incred Capital Financial Services, 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 Incred Capital Financial Services'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 Incred Capital Financial Services
Recent activity within the organization
- Annual General Meeting
Incred Capital Financial Services Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge registered on 14 Dec 2023 via Charge ID 100852455 with Others was fully satisfied on 13 Jun 2024.
- Charges
A charge with Others amounted to Rs. 3.00 Cr with Charge ID 100925199 was registered on 06 May 2024.
- Balance Sheet
Incred Capital Financial Services Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Charges
A charge with Others amounted to Rs. 21.50 Cr with Charge ID 100924946 was registered on 15 Mar 2024.
- Charges
A charge with Others of Rs. 57.47 Cr registered on 01 Sep 2023 with Charge ID 100833934 was modified on 07 Mar 2024.
Recent News, Updates & Announcement
- Fintech unicorn InCred reports 132% growth in profit in Q3 FY24 | Business Insider India.
Fintech unicorn InCred on Wednesday reported 132 per cent growth in profit before tax to Rs 298 crore in the third quarter of the current fiscal year (FY24), from Rs 129 crore in the corresponding period last year..
- FinTech funding witnesses significant decline in December, total $96 mln raised.
While there has been a funding winter in fintechs and tech startups over the past year, funding has seen an uprise in early stage deal funding and decline in late stage deals funding. FinTech funding has seen a rise in the last 4-5 months, but witnessed a significant decline in the amount raised in the month of December, compared to November..
Frequently asked questions
What is the Incorporation or founding date of Incred Capital Financial Services Limited?
Incred Capital Financial Services Limited was incorporated on 27 Mar 1996.
What is authorized share capital and paid-up capital of Incred Capital Financial Services Limited?
The authorized share capital of Incred Capital Financial Services Limited is ₹ 35.51 Cr and paid-up capital is ₹ 14.21 Cr.
Who are the current board members & directors of Incred Capital Financial Services Limited?
Currently 6 directors are associated with Incred Capital Financial Services Limited.
- Siddharth Deepak Parekh
- Bhupinder Singh
- Vivek Bansal
- Saurabh Jhalaria
- Venkatesh Vishwanathan
- Abhijeet Vijay Shinde
What is the registered address of Incred Capital Financial Services Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Incred Capital Financial Services Limited is Unit No. 1203 12Th Floor B Wing The Capital, Bandra Kurla Complex India, Mumbai, Maharashtra, 400051.
What is the corporate identification number (CIN) and company number of Incred Capital Financial Services Limited?
The corporate identification number (CIN) of Incred Capital Financial Services Limited is U67120MH1996PLC355036 and the company number is 077647 as per Ministry of Corporate Affairs (MCA).
What is the official website of Incred Capital Financial Services Limited?
The Official website of Incred Capital Financial Services Limited is https://www.incredcapital.com
What has been the recent revenue trend for Incred Capital Financial Services Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Incred Capital Financial Services Limited has risen by 221.23%.
How many employees does Incred Capital Financial Services Limited currently have?
As Per 2022 financial reports, 44 employees are currently employed by Incred Capital Financial Services Limited.
What change has been observed in the net worth of Incred Capital Financial Services Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Incred Capital Financial Services Limited has experienced an upsurge of 20.82%.
What are the total open charges for Incred Capital Financial Services Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Incred Capital Financial Services Limited amount to ₹ 183.87 Cr.
When was the last Balance Sheet of Incred Capital Financial Services Limited filed with the ROC?
The most recent Balance Sheet for Incred Capital Financial Services Limited was filed with the ROC on 31 Mar 2024.
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