Incred Wealth Profile
Key Indicators
- Authorised Capital ₹ 0.60 M
- Paid Up Capital ₹ 0.52 M
- Company Age 5 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Revenue Growth -77.81%
- Profit Growth 142.23%
- Ebitda 1560.51%
- Net Worth 92.53%
- Total Assets -57.61%
About Incred Wealth
Incred Wealth Private Limited (IWPL) is a Private Limited Indian Non-Government Company incorporated in India on 20 May 2019 (Five years and 11 months 23 days old ). Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Incred Capital Inclusion Advisory Services 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 0.60 M and a paid-up capital of Rs 0.52 M, as per Ministry of Corporate Affairs (MCA) records.
Kamlesh Dangi and Bhupinder Singh serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
- Apps
Corporate Identity Details
- CIN/LLPIN
U67190MH2019PTC325577
- Company No.
325577
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
20 May 2019
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Financial Services
Incred Wealth Private Limited
Explore comprehensive data for Incred Wealth Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Incred Wealth?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Bhupinder Singh  | Director | 01-Nov-2019 | Current |
| Kamlesh Dangi | Director | 15-Jan-2020 | Current |
Financial Performance of Incred Wealth.
Incred Wealth Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 77.81% decrease. The company also saw a substantial improvement in profitability, with a 142.23% increase in profit. The company's net worth Soared by an impressive increase of 92.53%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Incred Wealth?
In 2022, Incred Wealth had a promoter holding of 19.40% and a public holding of 80.60%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Incred Capital Financial Services LimitedBhupinder Singh is a mutual person
Alpha Fintech Private LimitedBhupinder Singh is a mutual person
Incred Value Plus Private LimitedKamlesh Dangi is a mutual person
- Booth Fintech Private Limited
Kamlesh Dangi and Bhupinder Singh are mutual person
- Incred Prime Finance Limited
Kamlesh Dangi is a mutual person
- Incred Capital Wealth Portfolio Managers Private Limited
Kamlesh Dangi is a mutual person
Charges (Loans)
There are no open charges registered against the company as per our records.
How Many Employees Work at Incred Wealth?
Incred Wealth has a workforce of 4 employees as of Mar 28, 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, 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'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
Recent activity within the organization
- Annual General Meeting
Incred Wealth Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Incred Wealth Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Director Appointment
Kamlesh Rajaninath Dangi was appointed as a Director was appointed as a Director on 15 Jan 2020 & has been associated with this company since 5 years 3 months .
- Director Appointment
Bhupinder Singh was appointed as a Director was appointed as a Director on 01 Nov 2019 & has been associated with this company since 5 years 6 months .
- Company Incorporation
Incred Wealth Private Limited was registered on 20 May 2019 with Roc Mumbai & aged 5 years 11 months as per MCA records.
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..
- Healthtech startup Curebay raised $7.5 M Series A funding from Elevar Equity.
In a fresh funding round headed by longtime backer Elevar Equity, health tech startup Curebay has raised Rs 61.8 crore, or $7.5 million. The Series A round, which ended in November 2022, is being exte.
Frequently asked questions
What is the Incorporation or founding date of Incred Wealth Private Limited?
Incred Wealth Private Limited was incorporated on 20 May 2019.
What is authorized share capital and paid-up capital of Incred Wealth Private Limited?
The authorized share capital of Incred Wealth Private Limited is ₹ 0.60 M and paid-up capital is ₹ 0.52 M.
Who are the current board members & directors of Incred Wealth Private Limited?
Currently 2 directors are associated with Incred Wealth Private Limited.
- Kamlesh Rajaninath Dangi
- Bhupinder Singh
What is the registered address of Incred Wealth Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Incred Wealth Private Limited is Unit No. 1203 12Th Floor B Wing The Capital Plot C - 70 G Block, Kc India, Mumbai, Maharashtra, 400051.
What is the corporate identification number (CIN) and company number of Incred Wealth Private Limited?
The corporate identification number (CIN) of Incred Wealth Private Limited is U67190MH2019PTC325577 and the company number is 325577 as per Ministry of Corporate Affairs (MCA).
What is the official website of Incred Wealth Private Limited?
The Official website of Incred Wealth Private Limited is https://www.incredwealth.com
What has been the recent revenue trend for Incred Wealth Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Incred Wealth Private Limited has fallen by -77.81%.
How many employees does Incred Wealth Private Limited currently have?
As Per 2023 financial reports, 4 employees are currently employed by Incred Wealth Private Limited.
What change has been observed in the net worth of Incred Wealth Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Incred Wealth Private Limited has experienced an upsurge of 92.53%.
When was the last Balance Sheet of Incred Wealth Private Limited filed with the ROC?
The most recent Balance Sheet for Incred Wealth Private Limited was filed with the ROC on 31 Mar 2024.
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