Up Money Profile
Key Indicators
- Authorised Capital ₹ 50.00 Cr
- Paid Up Capital ₹ 46.59 Cr
- Company Age 30 Year, 2 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 30 years and two 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
Financial Services
Up Money Limited
Explore comprehensive data for Up Money Limited, including financials, compliance details, shareholding patterns, and litigation history.
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
- Ratios
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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 Limited
Sumel 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 Brokerage And Services Private Limited
Sumel Chawla and Ajit Chawla are mutual person
Charges (Loans)
Open Charges
₹686.80 Cr
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Up Money
Recent activity within the organization
- Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100892715 was registered on 30 Mar 2024.
- Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100894788 was registered on 30 Mar 2024.
- Charges
A charge with Others amounted to Rs. 3.00 Cr with Charge ID 100895609 was registered on 30 Mar 2024.
- Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100900369 was registered on 30 Mar 2024.
- Charges
A charge registered on 28 Mar 2022 via Charge ID 100557725 with Others was fully satisfied on 26 Mar 2024.
- Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100899922 was registered on 22 Mar 2024.
Frequently asked questions
What is the Incorporation or founding date of Up Money Limited?
Up Money Limited was incorporated on 06 Feb 1995.
What is authorized share capital and paid-up capital of Up Money Limited?
The authorized share capital of Up Money Limited is ₹ 50.00 Cr and paid-up capital is ₹ 46.59 Cr.
Who are the current board members & directors of Up Money Limited?
Currently 8 directors are associated with Up Money Limited.
- Khushvinder Bir Singh
- Sumel Chawla
- Parveen Kaur Chawla
- Ajit Singh Chawla
- Kanika Bedi
- Kirandeep Kaur
- Priyanka Chawla
- Sumel Chawla
What is the registered address of Up Money Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Up Money Limited is 13 & 23 Nehru Sidhant Kendra Feroze Gandhi Market, Ludhiana, Punjab, India, 141001.
What is the corporate identification number (CIN) and company number of Up Money Limited?
The corporate identification number (CIN) of Up Money Limited is U65921PB1995PLC015742 and the company number is 015742 as per Ministry of Corporate Affairs (MCA).
What is the official website of Up Money Limited?
The Official website of Up Money Limited is https://www.upmoney.in
What has been the recent revenue trend for Up Money Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Up Money Limited has risen by 34.17%.
How many employees does Up Money Limited currently have?
As Per 2023 financial reports, 613 employees are currently employed by Up Money Limited.
What change has been observed in the net worth of Up Money Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Up Money Limited has experienced an upsurge of 12.97%.
What are the total open charges for Up Money Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Up Money Limited amount to ₹ 686.80 Cr.
When was the last Balance Sheet of Up Money Limited filed with the ROC?
The most recent Balance Sheet for Up Money Limited was filed with the ROC on 31 Mar 2023.
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