Econance Technology Private Limited
About Econance Technology Private Limited
Data last updated:
Econance Technology Private Limited is a private limited company based in Gurgaon, Haryana, India. It operates in the retail trading segment of the trading and commerce sector. It was incorporated on 24 August 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U52609HR2017PTC070476. Its GSTIN is 06AAGCG9756J1Z2 (Haryana).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Groal Enterprises Private Limited. It is led by directors Ajay Rathi and Vikas Kumar.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at First Floor Building No 512 Udyog Vihar Phase V, Gurgaon, Haryana, India – 122022.
As per the financials filed for FY 2020, the company reported a revenue of ₹2.81 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹82.95 Lakh (net margin 29.5%) and EBITDA of ₹84.87 Lakh (EBITDA margin 30.2%).
The company has about 2 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Econance Technology Private Limited's registered office is in Gurgaon, Haryana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFirst Floor Building No 512 Udyog Vihar Phase V, Gurgaon, Haryana, India – 122022
- IndustryTrading, Retail Trading, Retailers
To see the full contact details of Econance Technology Private Limited, buy the company report.
- 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
Business activity
The main business activity of Econance Technology is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Econance Technology Private Limited, buy the company report.
Financials of Econance Technology Private Limited
FY 2020 filings availableEconance Technology Private Limited reported revenue of ₹2.81 Cr (up 2285% YoY) for FY 2020.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹2.81 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹84.87 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹82.95 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 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 30.2% | ||
| Net Profit Margin | 29.5% | ||
| 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 Econance Technology Private Limited, buy the company report.
Board of directors of Econance Technology Private Limited
Econance Technology has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikas Kumar | Additional Director | 17 Apr 2021 | 5 Years 6 Months | Current |
| Ajay Rathi Also directs: Dremtop Solutions Private Limited | Director | 12 Dec 2019 | 6 Years 10 Months | Current |
Peer comparison
Econance Technology Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Weld Trade Private Limited | ₹2.81 Cr (FY 2025) | -3.0% | Delhi, India | |||
| Singiri Chandrasekhar Gupta Sons Private Limited | ₹2.81 Cr (FY 2023) | 76.0% | Bangalore, Karnataka, India | |||
| Riverbell Super Mart Private Limited | ₹2.81 Cr (FY 2025) | 4.0% | Patna, Bihar, India | |||
| Elantra Exports Private Limited | ₹2.81 Cr (FY 2020) | -93.0% | Mumbai, Maharashtra, India | |||
| Happystems Private Limited | ₹2.81 Cr (FY 2024) | 7.0% | Alwar, Rajasthan, India | |||
| Econance Technology Private Limitedthis company | ₹2.81 Cr (FY 2020) | ₹82.95 Lakh | 29.5% | 2285.0% | 2 | Gurgaon, Haryana, India |
| S & K Magadh Farms Private Limited | ₹2.81 Cr (FY 2024) | -34.0% | Gaya, Bihar, India | |||
| Sindh's Namkeen & Dry Fruit Private Limited | ₹2.81 Cr (FY 2024) | 78.0% | Gurugram, Haryana, India | |||
| Ted-Med Equipments Private Limited | ₹2.8 Cr (FY 2025) | 23.0% | Panipat, Haryana, India | |||
| Radhika Electrotech Private Limited | ₹2.8 Cr (FY 2025) | -48.0% | Jaipur, Rajasthan, India | |||
| Shree Belapurkar Jewellers Private Limited | ₹2.8 Cr (FY 2024) | 1.0% | Shirval, Maharashtra, India |
To see the full peer comparison of Econance Technology Private Limited, buy the company report.
Auditor
Econance Technology Private Limited is audited by SONU & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SONU & ASSOCIATES | FY 2020 | 028372N |
Shareholding
The shareholding of Econance Technology Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Econance Technology Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Econance Technology 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 Econance Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Econance Technology Private Limited has a workforce of 2 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Econance Technology has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAGCG9756J1Z2 | Haryana | Active | 20 Nov 2017 |
To see the full GST registrations and return filing status of Econance Technology Private Limited, buy the company report.
Recent activity
Econance Technology Private Limited has 6 board changes on record since 2019: 2 appointments and 4 cessations. The latest: Chitresh Kumar Jaurihar ceased to be Director on 17 Apr 2021.
Frequently asked questions
Econance Technology is an active private limited company based in Gurgaon, Haryana, India. The company works in retail trading, within the trading industry. It was incorporated on 24 August 2017 (9+ years old) and is registered under CIN U52609HR2017PTC070476.
Econance Technology has 2 current directors:
- Vikas Kumar - Additional Director
- Ajay Rathi - Director
The latest financial statements of Econance Technology on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Econance Technology is 06AAGCG9756J1Z2, registered in Haryana.
The CIN (Corporate Identification Number) of Econance Technology is U52609HR2017PTC070476. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Econance Technology was incorporated on 24 August 2017, making it 9+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Econance Technology by revenue are Weld Trade Private Limited, Singiri Chandrasekhar Gupta Sons Private Limited, Riverbell Super Mart Private Limited, Elantra Exports Private Limited, Happystems Private Limited and 5 more, all in the same principal business activity (retail trading).
Chitresh Kumar Jaurihar ceased to be Director on 17 Apr 2021. Vikas Kumar was appointed as Additional Director on 17 Apr 2021. Ajay Rathi ceased to be Additional Director on 31 Dec 2020. Econance Technology has 6 board changes on record in total.
The registered office of Econance Technology is at First Floor Building No 512 Udyog Vihar Phase V, Gurgaon, Haryana, India – 122022.
Econance Technology operates in the trading industry, in the retail trading segment.
The compliance status of Econance Technology is compliant as of 05 July 2026. The company is actively filing with the Registrar of Companies.
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