Upwards Fintech Services Profile
Key Indicators
- Authorised Capital ₹ 1.50 M
- Paid Up Capital ₹ 1.13 M
- Company Age 8 Year, 2 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 5.00 Cr
- Satisfied Charges ₹ 7.50 Cr
- Revenue Growth 144.78%
- Profit Growth -123.73%
- Ebitda -68.45%
- Net Worth -25.99%
- Total Assets -11.39%
About Upwards Fintech Services
Upwards Fintech Services Private Limited (UFSPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 09 January 2017 (Eight years and two months 0 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 2023. It's a company limited by shares with an authorized capital of Rs 1.50 M and a paid-up capital of Rs 1.13 M.
The company currently has active open charges totaling ₹5.00 Cr. The company has closed loans amounting to ₹7.50 Cr, as per Ministry of Corporate Affairs (MCA) records.
Abhishek Soni and Nimesh Verma 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
U74999MH2017PTC289380
- Company No.
289380
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
09 Jan 2017
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Financial Services
Who are the key members and board of directors at Upwards Fintech Services?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Nimesh Verma  | Director | 09-Jan-2017 | Current |
| Abhishek Soni | Director | 09-Jan-2017 | Current |
Financial Performance of Upwards Fintech Services.
Upwards Fintech Services Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 144.78% increase. The company also saw a substantial fall in profitability, with a 123.73% decrease in profit. The company's net worth observed a substantial decline by a decrease of 25.99%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Upwards Fintech Services?
In 2022, Upwards Fintech Services had a promoter holding of 96.15% and a public holding of 3.85%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Upwards Capital Private LimitedAbhishek Soni and Nimesh Verma are mutual person
Charges (Loans)
Open Charges
₹50.00 M
Satisfied Charges
₹75.00 M
Charges Breakdown by Lending Institutions
- Others : 5.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 May 2022 | Others | ₹5.00 Cr | Open |
| 06 Oct 2022 | Others | ₹7.50 Cr | Satisfied |
How Many Employees Work at Upwards Fintech Services?
Upwards Fintech Services has a workforce of 39 employees as of Apr 01, 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 Upwards Fintech 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 Upwards Fintech 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 Upwards Fintech Services
Recent activity within the organization
- Charges
A charge registered on 06 Oct 2022 via Charge ID 100710781 with Others was fully satisfied on 22 May 2024.
- Annual General Meeting
Upwards Fintech Services Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Balance Sheet
Upwards Fintech Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
- Charges
A charge with Others of Rs. 50.00 M registered on 07 May 2022 with Charge ID 100581977 was modified on 12 Jan 2023.
- Charges
A charge with Others amounted to Rs. 75.00 M with Charge ID 100710781 was registered on 06 Oct 2022.
- Charges
A charge with Others amounted to Rs. 50.00 M with Charge ID 100581977 was registered on 07 May 2022.
Recent News, Updates & Announcement
Lendingkart Acquires Upwards for Rs 100 Crore, Expanding Reach to Underserved with Advanced Technology.Lendingkart buys Upwards for Rs 100 crore. Upwards gives personal loans to employees using fancy tech. Lendingkart gives loans to small businesses. CEO says this deal helps underserved with tech. Upwards uses 500 data points for good credit..
- Chinese-Linked Loan App Acquired Amidst Government Crackdown, Upwards Focuses on Empowering Underserved SMEs with Instant Loans up to Rs 3 Lakh.
When you acquire a loan app with Chinese links amidst government crackdown, but your focus is on helping underserved SMEs. Shunwei Capital exits, Upwards offers instant loans up to Rs 3 lakh to lower-income segments. Lendingkart has disbursed over Rs 11,500 crore worth of loans to MSMEs and now expanding into retail loans. Digital lending is growing fast and expected to account for 60% of fintech by 2030..
Frequently asked questions
What is the Incorporation or founding date of Upwards Fintech Services Private Limited?
Upwards Fintech Services Private Limited was incorporated on 09 Jan 2017.
What is authorized share capital and paid-up capital of Upwards Fintech Services Private Limited?
The authorized share capital of Upwards Fintech Services Private Limited is ₹ 1.50 M and paid-up capital is ₹ 1.13 M.
Who are the current board members & directors of Upwards Fintech Services Private Limited?
Currently 2 directors are associated with Upwards Fintech Services Private Limited.
- Abhishek Soni
- Nimesh Kumar Verma
What is the registered address of Upwards Fintech Services Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Upwards Fintech Services Private Limited is 501-A Pinnacle Corporate Park Bkc Bandra (East) Vill Kole Kalyan, Near Trade Centre India, Mumbai, Maharashtra, 400051.
What is the corporate identification number (CIN) and company number of Upwards Fintech Services Private Limited?
The corporate identification number (CIN) of Upwards Fintech Services Private Limited is U74999MH2017PTC289380 and the company number is 289380 as per Ministry of Corporate Affairs (MCA).
What is the official website of Upwards Fintech Services Private Limited?
The Official website of Upwards Fintech Services Private Limited is https://www.upwards.in
What has been the recent revenue trend for Upwards Fintech Services Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Upwards Fintech Services Private Limited has risen by 144.78%.
How many employees does Upwards Fintech Services Private Limited currently have?
As Per 2022 financial reports, 39 employees are currently employed by Upwards Fintech Services Private Limited.
What change has been observed in the net worth of Upwards Fintech Services Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Upwards Fintech Services Private Limited has experienced an downturn of -25.99%.
What are the total open charges for Upwards Fintech Services Private Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Upwards Fintech Services Private Limited amount to ₹ 5.00 Cr.
When was the last Balance Sheet of Upwards Fintech Services Private Limited filed with the ROC?
The most recent Balance Sheet for Upwards Fintech Services Private Limited was filed with the ROC on 31 Mar 2023.