Wepay Finance Profile
Key Indicators
- Authorised Capital ₹ 3.00 Cr
as on 31-07-2024
- Paid Up Capital ₹ 2.64 Cr
as on 31-07-2024
- Company Age 31 Year, 3 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 17.22 Cr
as on 31-07-2024
- Satisfied Charges ₹ 96.57 Cr
as on 31-07-2024
- Revenue -16.06%
(FY 2023)
- Profit 2148.20%
(FY 2023)
- Ebitda -21.74%
(FY 2023)
- Net Worth 35.45%
(FY 2023)
- Total Assets -14.13%
(FY 2023)
About Wepay Finance
The Corporate was formerly known as Doaba Fincap 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, Paramjit Randhawa, Jasjot Virk, and Two other members serve as directors at the Company.
- 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
Company Details
- Location
Ludhiana, Punjab, India
- Telephone
- Email Address
- Website
-
- Social Media-
Who are the key members and board of directors at Wepay Finance?
Board Members(5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Jasjot Virk  | Director | 18-Jan-2019 | Current |
| Dalbir Singh | Director | 14-Oct-2018 | Current |
| Paramjit Randhawa | Director | 23-Jan-2015 | Current |
| Vikramdeep Singh | Director | 20-Apr-2019 | Current |
| Sukhwinder Singh | Director | 31-Jan-2010 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Wepay Finance?
In 2022, Wepay Finance had a promoter holding of 40.64% and a public holding of 59.36%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Ujjwal Finserv Private LimitedActive 43 years 1 monthDalbir Singh and Sukhwinder Singh are mutual person
- Glosec Finance Private LimitedActive 53 years 26 days
Paramjit Randhawa and Sukhwinder Singh are mutual person
- Wepay Foodtech Private LimitedActive 3 years 5 months
Jasjot Virk and Vikramdeep Singh are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 18 Dec 2023 | ₹1.00 Cr | Open |
Others Creation Date: 29 Nov 2023 | ₹3.00 Cr | Open |
Others Creation Date: 15 Dec 2022 | ₹5.00 M | Open |
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.
Deals i
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
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.
