Up Money Profile
Key Indicators
- Authorised Capital ₹ 50.00 Cr
- Paid Up Capital ₹ 46.59 Cr
- Company Age 29 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 686.80 Cr
- Satisfied Charges ₹ 534.88 Cr
- Revenue Growth 34.17%
- Profit Growth 40.43%
- Ebitda 41.26%
- Net Worth 12.97%
- Total Assets 38.84%
About Up Money
Up Money Limited (UML) is a leading Public Limited Indian Non-Government Company incorporated in India on 06 February 1995 and has a history of 29 years and 11 months. Its registered office is in Ludhiana, Punjab, India.
The Corporate was formerly known as Sukhjit Finance Ltd. 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 50.00 Cr and a paid-up capital of Rs 46.59 Cr.
The company currently has active open charges totaling ₹686.80 Cr. The company has closed loans amounting to ₹534.88 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Up Money Limited India are Kanika Bedi as COMPANY SECRETARY and Sumel Chawla as Cfo. Khushvinder Singh, Sumel Chawla, Parveen Chawla, and Three other members serve as directors at the Company.
Company Details
- Location
Ludhiana, Punjab, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media-
Corporate Identity Details
- CIN/LLPIN
U65921PB1995PLC015742
- Company No.
015742
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
06 Feb 1995
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chandigarh
Industry
Who are the key members and board of directors at Up Money?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sumel Chawla  | CFO | 05-Jan-2019 | Current |
| Ajit Chawla | Managing Director | 12-Nov-2014 | Current |
| Kanika Bedi | Company Secretary | 02-Nov-2015 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sumel Chawla | Whole-Time Director and Cfo | 22-Nov-2014 | Current |
| Priyanka Chawla | Director | 01-Oct-2018 | Current |
| Khushvinder Singh | Director | 24-Sep-2020 | Current |
| Parveen Chawla | Whole-Time Director | 02-Feb-2016 | Current |
| Kirandeep Kaur | Director | 01-Oct-2018 | Current |
Financial Performance of Up Money.
Up Money Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 34.17% increase. The company also saw a substantial improvement in profitability, with a 40.43% increase in profit. The company's net worth Soared by an impressive increase of 12.97%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Up Money?
In 2023, Up Money had a promoter holding of 95.97% and a public holding of 4.03%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Up Money Core Investment Private LimitedSumel Chawla, Ajit Chawla and 1 more are mutual person
Parmeshwari Silk Mills LimitedKhushvinder Singh is a mutual person
Up Housing Development Private LimitedSumel Chawla, Parveen Chawla and 2 more are mutual person
- Ludhiana Capital Services Private Limited
Sumel Chawla and Ajit Chawla are mutual person
Charges (Loans)
₹686.80 Cr
₹534.88 Cr
Charges Breakdown by Lending Institutions
- Others : 632.36 Cr
- State Bank Of India : 20.00 Cr
- Tata Capital Financial Services Limited : 13.00 Cr
- Sidbi : 10.00 Cr
- Dhanlaxmi Bank Limited : 10.00 Cr
- Others : 1.44 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Mar 2024 | Others | ₹10.00 Cr | Open |
| 30 Mar 2024 | Others | ₹5.00 Cr | Open |
| 30 Mar 2024 | Others | ₹3.00 Cr | Open |
| 30 Mar 2024 | Others | ₹20.00 Cr | Open |
| 22 Mar 2024 | Others | ₹5.00 Cr | Open |
How Many Employees Work at Up Money?
Up Money has a workforce of 613 employees as of Apr 03, 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 Up Money, 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 Up Money'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.
