Way2Wealth Commodities Profile
Key Indicators
- Authorised Capital ₹ 1.50 Cr
- Paid Up Capital ₹ 1.50 Cr
- Company Age 18 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 32.00 Cr
- Revenue Growth -69.42%
- Profit Growth -148.71%
- Ebitda -84.18%
- Net Worth -3.17%
- Total Assets -66.42%
About Way2Wealth Commodities
Way2wealth Commodities Private Limited (WCPL) is a Private Limited Indian Non-Government Company incorporated in India on 05 July 2006 and has a history of 18 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 1.50 Cr and a paid-up capital of Rs 1.50 Cr.
The company has closed loans amounting to ₹32.00 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Madhugirirajasimha Bhushan, Deepak Alampalli, and Vinay Tiwary 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
U51229KA2006PTC039880
- Company No.
039880
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
05 Jul 2006
- 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 Commodities?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Madhugirirajasimha Bhushan  | Director | 28-Nov-2014 | Current |
| Deepak Alampalli | Director | 05-Mar-2014 | Current |
| Vinay Tiwary | Director | 22-Feb-2019 | Current |
Financial Performance of Way2Wealth Commodities.
Way2Wealth Commodities Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 69.42% decrease. The company also saw a substantial fall in profitability, with a 148.71% decrease in profit. The company's net worth dipped by a decrease of 3.17%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Way2Wealth Commodities?
In 2022, Way2Wealth Commodities had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Shriram Wealth LimitedMadhugirirajasimha Bhushan is a mutual person
Shriramfortune Solutions LimitedMadhugirirajasimha Bhushan is a mutual person
Sea Funds Management India Private LimitedMadhugirirajasimha Bhushan is a mutual person
Shriram Credit Company LimitedMadhugirirajasimha Bhushan is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹32.00 Cr
Charges Breakdown by Lending Institutions
- Idbi Trusteeship Services Limited : 30.00 Cr
- The Karnataka Bank Limited : 2.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Sep 2012 | The Karnataka Bank Limited | ₹2.00 Cr | Satisfied |
| 02 Jan 2012 | Idbi Trusteeship Services Limited | ₹30.00 Cr | Satisfied |
How Many Employees Work at Way2Wealth Commodities?
Way2Wealth Commodities has a workforce of 4 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 Commodities, 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 Commodities'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 Commodities
Recent activity within the organization
- Annual General Meeting
Way2Wealth Commodities Private Limited last Annual general meeting of members was held on 26 Aug 2024 as per latest MCA records.
- Balance Sheet
Way2Wealth Commodities Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
- Director Appointment
Vinay Tiwary was appointed as a Director was appointed as a Director on 22 Feb 2019 & has been associated with this company since 6 years 8 days .
- Charges
A charge registered on 02 Jan 2012 via Charge ID 10332239 with Idbi Trusteeship Services Limited was fully satisfied on 04 May 2016.
- Director Appointment
Madhugirirajasimha Shashi Bhushan was appointed as a Director was appointed as a Director on 28 Nov 2014 & has been associated with this company since 10 years 3 months .
- Director Appointment
Deepak Anjaneya Alampalli was appointed as a Director was appointed as a Director on 05 Mar 2014 & has been associated with this company since 10 years 11 months .
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 Commodities Private Limited?
Way2Wealth Commodities Private Limited was incorporated on 05 Jul 2006.
What is authorized share capital and paid-up capital of Way2Wealth Commodities Private Limited?
The authorized share capital of Way2Wealth Commodities Private Limited is ₹ 1.50 Cr and paid-up capital is ₹ 1.50 Cr.
Who are the current board members & directors of Way2Wealth Commodities Private Limited?
Currently 3 directors are associated with Way2Wealth Commodities Private Limited.
- Madhugirirajasimha Shashi Bhushan
- Deepak Anjaneya Alampalli
- Vinay Tiwary
What is the registered address of Way2Wealth Commodities Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Way2Wealth Commodities 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 Commodities Private Limited?
The corporate identification number (CIN) of Way2Wealth Commodities Private Limited is U51229KA2006PTC039880 and the company number is 039880 as per Ministry of Corporate Affairs (MCA).
What is the official website of Way2Wealth Commodities Private Limited?
The Official website of Way2Wealth Commodities Private Limited is https://www.way2wealth.com
What has been the recent revenue trend for Way2Wealth Commodities Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Way2Wealth Commodities Private Limited has fallen by -69.42%.
How many employees does Way2Wealth Commodities Private Limited currently have?
As Per 2022 financial reports, 4 employees are currently employed by Way2Wealth Commodities Private Limited.
What change has been observed in the net worth of Way2Wealth Commodities Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Way2Wealth Commodities Private Limited has experienced an downturn of -3.17%.
When was the last Balance Sheet of Way2Wealth Commodities Private Limited filed with the ROC?
The most recent Balance Sheet for Way2Wealth Commodities Private Limited was filed with the ROC on 31 Mar 2024.
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