Way2Wealth Brokers Profile
Key Indicators
- Authorised Capital ₹ 70.00 Cr
- Paid Up Capital ₹ 47.50 Cr
- Company Age 24 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 47.00 Cr
- Satisfied Charges ₹ 68.00 Cr
- Revenue Growth -20.07%
- Profit Growth -495.72%
- Ebitda -149.90%
- Net Worth -6.02%
- Total Assets -23.55%
About Way2Wealth Brokers
Way2wealth Brokers Private Limited (WBPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 16 August 2000 and has a history of 24 years and seven months. Its registered office is in Bangaluru, Karnataka, 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 70.00 Cr and a paid-up capital of Rs 47.50 Cr.
The company currently has active open charges totaling ₹47.00 Cr. The company has closed loans amounting to ₹68.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Way2wealth Brokers Private Limited India are Trina Nandi as COMPANY SECRETARY and Shridhar Gargeshwari as Ceo. Shridhar Gargeshwari, Amit Gupta, Gentil Augustine, and Two other members serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U67120KA2000PTC027628
- Company No.
027628
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
16 Aug 2000
- Date of AGM
26 Aug 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Financial Services
Who are the key members and board of directors at Way2Wealth Brokers?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Trina Nandi | Company Secretary | 04-Aug-2023 | Current |
| Shridhar Gargeshwari | CEO | 31-Aug-2024 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Manjit Singh  | Director | 28-Jun-2021 | Current |
| Amit Gupta | Director | 29-Dec-2020 | Current |
| Shridhar Gargeshwari | Whole-Time Director | 29-Dec-2020 | Current |
| Gentil Augustine | Whole-Time Director | 28-Jun-2021 | Current |
| Saleem Ali | Director | 08-Feb-2022 | Current |
Financial Performance of Way2Wealth Brokers.
Way2Wealth Brokers Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 20.07% decrease. The company also saw a substantial fall in profitability, with a 495.72% decrease in profit. The company's net worth dipped by a decrease of 6.02%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Way2Wealth Brokers?
In 2023, Way2Wealth Brokers had a promoter holding of 100.00%. 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)
Shriram Wealth LimitedAmit Gupta is a mutual person
Edelweiss Asset Management LimitedManjit Singh is a mutual person
Shriram Insight Share Brokers LimitedAmit Gupta is a mutual person
Shriramfortune Solutions LimitedAmit Gupta, Saleem Ali and 1 more are mutual person
Sea Funds Management India Private LimitedAmit Gupta is a mutual person
Novac Digital Services Private LimitedAmit Gupta is a mutual person
Charges (Loans)
Open Charges
₹47.00 Cr
Satisfied Charges
₹68.00 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 47.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Nov 2021 | Axis Bank Limited | ₹47.00 Cr | Open |
| 04 Jan 2019 | Hdfc Bank Limited | ₹10.00 Cr | Satisfied |
| 29 Jan 2013 | Hdfc Bank Limited | ₹5.00 Cr | Satisfied |
| 17 Sep 2012 | The Karnataka Bank Limited | ₹20.00 Cr | Satisfied |
| 02 Jan 2012 | Idbi Trusteeship Services Limited | ₹30.00 Cr | Satisfied |
How Many Employees Work at Way2Wealth Brokers?
Way2Wealth Brokers has a workforce of 338 employees as of Apr 09, 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 Way2Wealth Brokers, 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 Way2Wealth Brokers'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 Way2Wealth Brokers
Recent activity within the organization
- Director Appointment
Shridhar Srikantiah Gargeshwari was appointed as a Ceo was appointed as a Ceo on 31 Aug 2024 & has been associated with this company since 6 months 26 days .
- Annual General Meeting
Way2Wealth Brokers Private Limited last Annual general meeting of members was held on 26 Aug 2024 as per latest MCA records.
- Balance Sheet
Way2Wealth Brokers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
- Charges
A charge with Axis Bank Limited of Rs. 47.00 Cr registered on 16 Nov 2021 with Charge ID 100509059 was modified on 24 Nov 2023.
- Director Appointment
Saleem Ali was appointed as a Director was appointed as a Director on 08 Feb 2022 & has been associated with this company since 3 years 1 month .
- Charges
A charge with Axis Bank Limited amounted to Rs. 47.00 Cr with Charge ID 100509059 was registered on 16 Nov 2021.
Recent News, Updates & Announcement
Buy USDINR Around 68.40; target of 69.10: Way2Wealth.Way2Wealth has come out with its report on currencies. According to the research firm, one can Buy USDINR Around 68.40 for the target of 69.10 with a stop loss of 68.10..
Frequently asked questions
What is the Incorporation or founding date of Way2Wealth Brokers Private Limited?
Way2Wealth Brokers Private Limited was incorporated on 16 Aug 2000.
What is authorized share capital and paid-up capital of Way2Wealth Brokers Private Limited?
The authorized share capital of Way2Wealth Brokers Private Limited is ₹ 70.00 Cr and paid-up capital is ₹ 47.50 Cr.
Who are the current board members & directors of Way2Wealth Brokers Private Limited?
Currently 7 directors are associated with Way2Wealth Brokers Private Limited.
- Shridhar Srikantiah Gargeshwari
- Amit Sankar Gupta
- Gentil Augustine
- Manjit Singh
- Saleem Ali
- Trina Nandi
- Shridhar Srikantiah Gargeshwari
What is the registered address of Way2Wealth Brokers Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Way2Wealth Brokers Private Limited is Rukmini Towers 3Rd 4Th Floor No.3/1 Platform Road Sheshadripuram, India, Bangalore, Karnataka, 560020.
What is the corporate identification number (CIN) and company number of Way2Wealth Brokers Private Limited?
The corporate identification number (CIN) of Way2Wealth Brokers Private Limited is U67120KA2000PTC027628 and the company number is 027628 as per Ministry of Corporate Affairs (MCA).
What is the official website of Way2Wealth Brokers Private Limited?
The Official website of Way2Wealth Brokers Private Limited is https://www.way2wealth.com
What has been the recent revenue trend for Way2Wealth Brokers Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Way2Wealth Brokers Private Limited has fallen by -20.07%.
How many employees does Way2Wealth Brokers Private Limited currently have?
As Per 2023 financial reports, 338 employees are currently employed by Way2Wealth Brokers Private Limited.
What change has been observed in the net worth of Way2Wealth Brokers Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Way2Wealth Brokers Private Limited has experienced an downturn of -6.02%.
What are the total open charges for Way2Wealth Brokers Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Way2Wealth Brokers Private Limited amount to ₹ 47.00 Cr.
When was the last Balance Sheet of Way2Wealth Brokers Private Limited filed with the ROC?
The most recent Balance Sheet for Way2Wealth Brokers Private Limited was filed with the ROC on 31 Mar 2024.
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