Incred Wealth And Investment Services Profile
Key Indicators
- Authorised Capital ₹ 8.25 Cr
- Paid Up Capital ₹ 8.18 Cr
- Company Age 4 Year, 4 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 39.40 Cr
- Satisfied Charges ₹ 119.20 Cr
- Revenue Growth %
- Profit Growth -7615.66%
- Ebitda -5648.54%
- Net Worth 6532.09%
- Total Assets 5212.25%
About Incred Wealth And Investment Services
Incred Wealth And Investment Services Private Limited (IWAISPL) is a Private Limited Indian Non-Government Company incorporated in India on 18 November 2020 (Four years and four months 14 days old ). Its registered office is in Mumbai, Maharashtra, 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 8.25 Cr and a paid-up capital of Rs 8.18 Cr.
The company currently has active open charges totaling ₹39.40 Cr. The company has closed loans amounting to ₹119.20 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Incred Wealth And Investment Services Private Limited India is Ruchita Panchal as COMPANY SECRETARY. Nitin Rao, Anuj Khanna, and Yogesh Kalwani 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
U67190MH2020PTC350270
- Company No.
350270
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
18 Nov 2020
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Financial Services
Who are the key members and board of directors at Incred Wealth And Investment Services?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ruchita Panchal | Company Secretary | 18-Dec-2023 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Nitin Rao  | Director | 27-Oct-2023 | Current |
| Anuj Khanna | Director | 27-Oct-2023 | Current |
| Yogesh Kalwani | Director | 27-Oct-2023 | Current |
Financial Performance of Incred Wealth And Investment Services.
Incred Wealth And Investment Services Private Limited, for the financial year ended 2022, experienced no change in revenue, with a 0% increase. The company also saw a substantial fall in profitability, with a 7615.66% decrease in profit. The company's net worth Soared by an impressive increase of 6532.09%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Incred Wealth And Investment Services?
In 2022, Incred Wealth And Investment Services had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Alpha Fintech Private LimitedNitin Rao is a mutual person
- Incred Research Services Private Limited
Nitin Rao is a mutual person
- Incred Capital Wealth Portfolio Managers Private Limited
Nitin Rao is a mutual person
- Incred Value Plus Private Limited
Anuj Khanna is a mutual person
Vishuddha Capital Management LlpNitin Rao is a mutual person
- 2An Consultants Llp
Nitin Rao is a mutual person
Charges (Loans)
Open Charges
₹39.40 Cr
Satisfied Charges
₹119.20 Cr
Charges Breakdown by Lending Institutions
- Others : 39.40 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Dec 2022 | Others | ₹39.40 Cr | Open |
| 17 Oct 2023 | Others | ₹50.00 Cr | Satisfied |
| 05 Jun 2023 | Others | ₹69.20 Cr | Satisfied |
How Many Employees Work at Incred Wealth And Investment Services?
Incred Wealth And Investment Services has a workforce of 188 employees as of Apr 08, 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 Wealth And Investment 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 Wealth And Investment 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 Wealth And Investment Services
Recent activity within the organization
- Charges
A charge registered on 17 Oct 2023 via Charge ID 100814499 with Others was fully satisfied on 19 Nov 2024.
- Charges
A charge registered on 05 Jun 2023 via Charge ID 100737657 with Others was fully satisfied on 23 Oct 2024.
- Annual General Meeting
Incred Wealth And Investment Services Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Incred Wealth And Investment Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Director Appointment
Ruchita Chandrakant Panchal was appointed as a Company Secretary was appointed as a Company Secretary on 18 Dec 2023 & has been associated with this company since 1 year 3 months .
- Director Appointment
Nitin Subramanya Rao was appointed as a Director was appointed as a Director on 27 Oct 2023 & has been associated with this company since 1 year 5 months .
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..
- Indian Start-Ups Face Tough Year in 2023: Low Funding, Layoffs, and Few Unicorns; But December Brings Hope with $860 Million Raised.
2023 was a tough year for Indian start-ups. Funding was low and many had to lay off employees. Only 2 start-ups became unicorns, compared to 24 in 2022. But in December, they raised $860 million. Seed-stage funding fell by 60%. Investors now care more about sustainable growth and cost-effectiveness. Things may improve in 2024, but we need to watch out for elections and the economy. #StartUpStruggles #FundingWinter #Layoffs #StayStrong #2024Hopeful.
Frequently asked questions
What is the Incorporation or founding date of Incred Wealth And Investment Services Private Limited?
Incred Wealth And Investment Services Private Limited was incorporated on 18 Nov 2020.
What is authorized share capital and paid-up capital of Incred Wealth And Investment Services Private Limited?
The authorized share capital of Incred Wealth And Investment Services Private Limited is ₹ 8.25 Cr and paid-up capital is ₹ 8.18 Cr.
Who are the current board members & directors of Incred Wealth And Investment Services Private Limited?
Currently 4 directors are associated with Incred Wealth And Investment Services Private Limited.
- Nitin Subramanya Rao
- Anuj Rajkumar Khanna
- Yogesh Kalwani
- Ruchita Chandrakant Panchal
What is the registered address of Incred Wealth And Investment Services Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Incred Wealth And Investment Services Private Limited is Unit No. 1203 12Th Floor B Wing The Capital Plot No.C-70 G Block, Bkc India, Mumbai, Maharashtra, 400051.
What is the corporate identification number (CIN) and company number of Incred Wealth And Investment Services Private Limited?
The corporate identification number (CIN) of Incred Wealth And Investment Services Private Limited is U67190MH2020PTC350270 and the company number is 350270 as per Ministry of Corporate Affairs (MCA).
What is the official website of Incred Wealth And Investment Services Private Limited?
The Official website of Incred Wealth And Investment Services Private Limited is https://www.incred.com
How many employees does Incred Wealth And Investment Services Private Limited currently have?
As Per 2022 financial reports, 188 employees are currently employed by Incred Wealth And Investment Services Private Limited.
What change has been observed in the net worth of Incred Wealth And Investment Services Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Incred Wealth And Investment Services Private Limited has experienced an upsurge of 6532.09%.
What are the total open charges for Incred Wealth And Investment Services Private Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Incred Wealth And Investment Services Private Limited amount to ₹ 39.40 Cr.
When was the last Balance Sheet of Incred Wealth And Investment Services Private Limited filed with the ROC?
The most recent Balance Sheet for Incred Wealth And Investment Services Private Limited was filed with the ROC on 31 Mar 2024.
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