Incred Prime Finance Profile
Key Indicators
- Authorised Capital ₹ 2,106.00 Cr
- Paid Up Capital ₹ 4.11 Cr
- Company Age 34 Year, 4 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 33.01 Cr
- Satisfied Charges ₹ 2,503.20 Cr
- Revenue Growth -99.59%
- Profit Growth -99.96%
- Ebitda -99.87%
- Net Worth -99.02%
- Total Assets -99.40%
About Incred Prime Finance
Incred Prime Finance Limited (IPFL) is a Public Limited Indian Non-Government Company incorporated in India on 08 January 1991 and has a history of 34 years and four months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Visu Leasing And Finance 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 2023. It's a company limited by shares with an authorized capital of Rs 2,106.00 Cr and a paid-up capital of Rs 4.11 Cr.
The company currently has active open charges totaling ₹33.01 Cr. The company has closed loans amounting to ₹2,503.20 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Incred Prime Finance Limited India are Jay Lalwani as CFO and Bhavyesh Jain as Company Secretary. Rupa Vora, Kamlesh Dangi, Sekar Karnam, and One other member 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
U74899MH1991PLC340312
- Company No.
042659
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
08 Jan 1991
- Date of AGM
20 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Financial Services
Incred Prime Finance Limited
Explore comprehensive data for Incred Prime Finance Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Incred Prime Finance?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Jay Lalwani | CFO | 01-Jun-2023 | Current |
Bhavyesh Jain  | Company Secretary | 16-May-2023 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Rupa Vora | Director | 27-Oct-2017 | Current |
| Prithviraj Chandrasekhar | Director | 11-Apr-2024 | Current |
| Sekar Karnam | Director | 17-Dec-2021 | Current |
| Kamlesh Dangi | Director | 11-Apr-2024 | Current |
Financial Performance of Incred Prime Finance.
Incred Prime Finance Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 99.59% decrease. The company also saw a substantial fall in profitability, with a 99.96% decrease in profit. The company's net worth observed a substantial decline by a decrease of 99.02%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Incred Prime Finance?
In 2022, Incred Prime Finance had a promoter holding of 65.69% and a public holding of 34.30%. The company had 3 Subsidiaries and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Jm Financial Asset Reconstruction Company LimitedRupa Vora is a mutual person
Incred Wealth Private LimitedKamlesh Dangi is a mutual person
Laurus Labs LimitedSekar Karnam is a mutual person
- Incred Financial Services Limited
Rupa Vora and Sekar Karnam are mutual person
- Incred Holdings Limited
Rupa Vora and Sekar Karnam are mutual person
- Incred Value Plus Private Limited
Kamlesh Dangi is a mutual person
Charges (Loans)
Open Charges
₹33.01 Cr
Satisfied Charges
₹2,503.20 Cr
Charges Breakdown by Lending Institutions
- Others : 33.01 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Jul 2022 | Others | ₹11.70 Cr | Open |
| 19 Jul 2022 | Others | ₹21.31 Cr | Open |
| 03 May 2021 | Others | ₹100.00 Cr | Satisfied |
| 26 Apr 2021 | Others | ₹37.20 Cr | Satisfied |
| 02 Mar 2021 | Others | ₹25.00 Cr | Satisfied |
How Many Employees Work at Incred Prime Finance?
Unlock and access historical data on people associated with Incred Prime Finance, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Incred Prime Finance, 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 Prime Finance'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 Prime Finance
Recent activity within the organization
- Director Appointment
Kamlesh Rajaninath Dangi was appointed as a Director was appointed as a Director on 11 Apr 2024 & has been associated with this company since 1 year 1 month .
- Director Appointment
Prithviraj Vaikalathur Chandrasekhar was appointed as a Director was appointed as a Director on 11 Apr 2024 & has been associated with this company since 1 year 1 month .
- Annual General Meeting
Incred Prime Finance Limited last Annual general meeting of members was held on 20 Sep 2023 as per latest MCA records.
- Director Appointment
Jay Raju Lalwani was appointed as a Cfo was appointed as a Cfo on 01 Jun 2023 & has been associated with this company since 1 year 11 months .
- Balance Sheet
Incred Prime Finance Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
- Charges
A charge registered on 03 May 2021 via Charge ID 100449385 with Others was fully satisfied on 02 Feb 2023.
Recent News, Updates & Announcement
Frequently asked questions
What is the Incorporation or founding date of Incred Prime Finance Limited?
Incred Prime Finance Limited was incorporated on 08 Jan 1991.
What is authorized share capital and paid-up capital of Incred Prime Finance Limited?
The authorized share capital of Incred Prime Finance Limited is ₹ 2,106.00 Cr and paid-up capital is ₹ 4.11 Cr.
Who are the current board members & directors of Incred Prime Finance Limited?
Currently 6 directors are associated with Incred Prime Finance Limited.
- Rupa Rajul Vora
- Kamlesh Rajaninath Dangi
- Sekar Karnam
- Prithviraj Vaikalathur Chandrasekhar
- Jay Raju Lalwani
- Bhavyesh Manikchand Jain
What is the registered address of Incred Prime Finance Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Incred Prime Finance Limited is Unit No. 1203 12Th Floor B Wing The Capital Plot C - 70 G Block, Bkc India, Mumbai, Maharashtra, 400051.
What is the corporate identification number (CIN) and company number of Incred Prime Finance Limited?
The corporate identification number (CIN) of Incred Prime Finance Limited is U74899MH1991PLC340312 and the company number is 042659 as per Ministry of Corporate Affairs (MCA).
What is the official website of Incred Prime Finance Limited?
The Official website of Incred Prime Finance Limited is https://www.incred.com
What has been the recent revenue trend for Incred Prime Finance Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Incred Prime Finance Limited has fallen by -99.59%.
What change has been observed in the net worth of Incred Prime Finance Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Incred Prime Finance Limited has experienced an downturn of -99.02%.
What are the total open charges for Incred Prime Finance Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Incred Prime Finance Limited amount to ₹ 33.01 Cr.
When was the last Balance Sheet of Incred Prime Finance Limited filed with the ROC?
The most recent Balance Sheet for Incred Prime Finance Limited was filed with the ROC on 31 Mar 2023.
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