Wepay Finance Private Limited

Provides financing for assets and personal loans in Punjab since 1993.

1993 | Ludhiana, Punjab (India) | Active
Last Updated:

Wepay Finance Profile

Key Indicators

  • Authorised Capital ₹ 3.00 Cr
  • Paid Up Capital ₹ 2.64 Cr
  • Company Age 31 Year, 7 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 17.22 Cr
  • Satisfied Charges ₹ 96.57 Cr
  • Revenue Growth -16.06%
  • Profit Growth 2148.20%
  • Ebitda -17.77%
  • Net Worth 35.45%
  • Total Assets -14.13%

About Wepay Finance

Wepay Finance Private Limited (WFPL) is a Private Limited Indian Non-Government Company incorporated in India on 01 September 1993 and has a history of 31 years and seven months. Its registered office is in Ludhiana, Punjab, India.

The Corporate was formerly known as Samra Leasing Private Limited. 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 3.00 Cr and a paid-up capital of Rs 2.64 Cr.

The company currently has active open charges totaling ₹17.22 Cr. The company has closed loans amounting to ₹96.57 Cr, as per Ministry of Corporate Affairs (MCA) records.

Dalbir Singh, Sukhwinder Singh, Paramjit Randhawa, and Two 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

    U65910CH1993PTC013669

  • Company No.

    013669

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    01 Sep 1993

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Financial Services
Company report

Wepay Finance Private Limited

Explore comprehensive data for Wepay Finance Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Wepay Finance?

Board Members (5)

NameDesignationAppointment DateStatus
Jasjot Virk Country flag representing In Director 18-Jan-2019Current
Dalbir Singh Country flag representing In Director 14-Oct-2018Current
Sukhwinder Singh Country flag representing In Director 31-Jan-2010Current
Paramjit Randhawa Country flag representing In Director 23-Jan-2015Current
Vikramdeep Singh Country flag representing In Director 20-Apr-2019Current

Financial Performance of Wepay Finance.

Wepay Finance Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 16.06% decrease. The company also saw a substantial improvement in profitability, with a 2148.2% increase in profit. The company's net worth Soared by an impressive increase of 35.45%.

Wepay Finance revenue growth over time
Wepay Finance profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-16.06%
Revenue from Operations
-16.13%
Total Assets
-14.13%
Profit or Loss
2148.20%
Net Worth
35.45%
EBITDA
-17.77%

What is the Ownership and Shareholding Structure of Wepay Finance?

In 2022, Wepay Finance had a public holding of 59.36%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹17.22 Cr

Satisfied Charges

₹96.57 Cr

Charges Breakdown by Lending Institutions

  • Others : 14.47 Cr
  • Ca Sangeeta Sharma : 2.74 Cr

Latest Charge Details

DateLenderAmountStatus
18 Dec 2023Others₹1.00 CrOpen
29 Nov 2023Others₹3.00 CrOpen
15 Dec 2022Others₹5.00 MOpen
11 May 2022Others₹8.61 MOpen
06 Dec 2021Others₹1.25 CrOpen

How Many Employees Work at Wepay Finance?

Wepay Finance has a workforce of 14 employees as of Mar 27, 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.

Employee growth trends for Wepay Finance Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Wepay Finance, 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 Wepay Finance's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Wepay Finance

Recent activity within the organization

  • Charges

    A charge registered on 10 May 2021 via Charge ID 100446881 with Others was fully satisfied on 21 Dec 2023.

  • Charges

    A charge with Others amounted to Rs. 1.00 Cr with Charge ID 100838635 was registered on 18 Dec 2023.

  • Charges

    A charge with Others amounted to Rs. 3.00 Cr with Charge ID 100828853 was registered on 29 Nov 2023.

  • Annual General Meeting

    Wepay Finance Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Wepay Finance Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chandigarh.

  • Charges

    A charge with Others amounted to Rs. 0.50 Cr with Charge ID 100665455 was registered on 15 Dec 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Wepay Finance Private Limited?

    Wepay Finance Private Limited was incorporated on 01 Sep 1993.

  • What is authorized share capital and paid-up capital of Wepay Finance Private Limited?

    The authorized share capital of Wepay Finance Private Limited is ₹ 3.00 Cr and paid-up capital is ₹ 2.64 Cr.

  • Who are the current board members & directors of Wepay Finance Private Limited?

    Currently 5 directors are associated with Wepay Finance Private Limited.

    • Dalbir Singh
    • Sukhwinder Singh
    • Paramjit Singh Randhawa
    • Jasjot Singh Virk
    • Vikramdeep Singh

  • What is the registered address of Wepay Finance Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Wepay Finance Private Limited is 1St Floor Ganesh Nagar Link Road, Cheema Chowk India, Ludhiana, Punjab, 141003.

  • What is the corporate identification number (CIN) and company number of Wepay Finance Private Limited?

    The corporate identification number (CIN) of Wepay Finance Private Limited is U65910CH1993PTC013669 and the company number is 013669 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Wepay Finance Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Wepay Finance Private Limited has fallen by -16.06%.

  • How many employees does Wepay Finance Private Limited currently have?

    As Per 2023 financial reports, 14 employees are currently employed by Wepay Finance Private Limited.

  • What change has been observed in the net worth of Wepay Finance Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Wepay Finance Private Limited has experienced an upsurge of 35.45%.

  • What are the total open charges for Wepay Finance Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Wepay Finance Private Limited amount to ₹ 17.22 Cr.

  • When was the last Balance Sheet of Wepay Finance Private Limited filed with the ROC?

    The most recent Balance Sheet for Wepay Finance Private Limited was filed with the ROC on 31 Mar 2023.

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