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Credofast Fintech Private Limited - internet in Mumbai, Maharashtra, India. Directors, charges & compliance details.
Revenue · FY 2022
₹17,210
▼ 100% YoY
Net loss · FY 2022
₹2.34 Lakh
Latest filing
EBITDA · FY 2022
-₹1.66 Lakh
Latest filing
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Credofast Fintech Private Limited
Data last updated:
Credofast Fintech Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the online financial services segment of the internet and digital services sector. It was incorporated on 27 September 2019.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72501MH2019PTC331056. Its GSTIN is 27AAICC3967F1ZG (Maharashtra).
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was led by directors Somesh Nihalani and Purva Vijay Nihalani.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 303 & 304 A Wing Dynasty Business Park J. B. Nagar Andheri East, Mumbai, Maharashtra, India – 400059.
As per the financials filed for FY 2022, the company reported a revenue of ₹17,210, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹2.34 Lakh and EBITDA of -₹1.66 Lakh.
The company was associated with 1 brand: Credofast.
The last known website on record is credofast.com.
Company details
CIN U72501MH2019PTC331056
Registration Number 331056
Incorporation Date 27 September 2019
ROC Mumbai
Listing Status Unlisted
Company Status Struck Off
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Credofast Fintech
Contact details
Credofast Fintech Private Limited's registered office is in Mumbai, Maharashtra. Its website is credofast.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address303 & 304 A Wing Dynasty Business Park J. B. Nagar Andheri East, Mumbai, Maharashtra, India – 400059
- IndustryInternet, Online Financial Services
To see the full contact details of Credofast Fintech Private Limited, buy the company report.
Comprehensive company report
Credofast Fintech Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Credofast Fintech operates one associated brand: Credofast. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| An app offering invoice financing services for businesses. | credofast.com |
Financials of Credofast Fintech Private Limited
FY 2024 filings availableCredofast Fintech Private Limited reported revenue of ₹17,210 (down 100% YoY) for FY 2022.
Revenue · FY 2022
₹17,210 ▼ 100%
Net loss · FY 2022
₹2.34 Lakh
EBITDA · FY 2022
-₹1.66 Lakh
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹17,210 | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹1.66 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹2.34 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | |||
| Net Profit Margin | |||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Credofast Fintech Private Limited, buy the company report.
Board of directors of Credofast Fintech Private Limited
Credofast Fintech has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Directors (as last reported)
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Somesh Nihalani Also directs: Nihalani Investments LLP, Bharat Finlease Limited | Director | 25 May 2021 | 5 Years 5 Months | As last reported |
| Purva Vijay Nihalani | Director | 12 Apr 2021 | 5 Years 6 Months | As last reported |
Legal cases
No court or tribunal cases involving Credofast Fintech Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Credofast Fintech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Credofast Fintech has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICC3967F1ZG | Maharashtra | Active | 15 Oct 2019 |
To see the full GST registrations and return filing status of Credofast Fintech Private Limited, buy the company report.
Recent activity
Credofast Fintech Private Limited has 5 board changes on record since 2020: 2 appointments and 3 cessations. The latest: Purva Vijay Nihalani ceased to be Additional Director on 30 Nov 2021.
AGM
Credofast Fintech Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Credofast Fintech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Purva Vijay Nihalani ceased to be Additional Director.
Appointed
Somesh Nihalani was appointed as Director.
Appointed
Purva Vijay Nihalani was appointed as Director.
Ceased
Vijay Mohandas Nihalani ceased to be Director.
Ceased
Somesh Nihalani ceased to be Director.
Incorporation
27 Sep 2019
Credofast Fintech Private Limited was registered on 27 Sep 2019 with Roc Mumbai & aged 7 years 1 month as per MCA records.
Frequently asked questions
Credofast Fintech has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Credofast Fintech was a private limited company based in Mumbai, Maharashtra, India. The company worked in online financial services, within the internet industry. It was incorporated on 27 September 2019 and is registered under CIN U72501MH2019PTC331056. The company has been struck off by the Registrar of Companies and is no longer operational.
Credofast Fintech had 2 directors:
- Somesh Nihalani - Director
- Purva Vijay Nihalani - Director
The CIN (Corporate Identification Number) of Credofast Fintech is U72501MH2019PTC331056. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Credofast Fintech is at 303 & 304 A Wing Dynasty Business Park J. B. Nagar Andheri East, Mumbai, Maharashtra, India – 400059.
Credofast Fintech was incorporated on 27 September 2019. It is registered with the Registrar of Companies, Mumbai.
Yes, Credofast Fintech is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Credofast Fintech can be reached through the website credofast.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Credofast Fintech on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Credofast Fintech is 27AAICC3967F1ZG, registered in Maharashtra.
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