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Finzace Wealth Solutions Private Limited - business services in Bangalore, Karnataka, India. Directors, charges & compliance details.
Revenue · FY 2024
₹92,582
Latest filing
Net loss · FY 2024
₹14.8 Lakh
Latest filing
EBITDA · FY 2024
-₹14.8 Lakh
Latest filing
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹50,000
Issued & subscribed
Company age
4 yrs
Est. 2022
Directors on board
2
As per MCA filings
Brands
2
Associated brands
About Finzace Wealth Solutions Private Limited
Data last updated:
Finzace Wealth Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the diversified business activities segment of the business services sector. It was incorporated on 01 December 2022.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2022PTC168511.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹50,000. It is led by directors Manoj Kumar Gundurao Bablad and Shikhar Agrawal.
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 is at 1803 2nd Floor Near Hanuman Temple Heelalige Chandapura Anekal Taluk, Bangalore, Karnataka, India – 560099.
As per the financials filed for FY 2024, the company reported a revenue of ₹92,582. For the same year it recorded a net loss of ₹14.8 Lakh and EBITDA of -₹14.8 Lakh.
The company is associated with 2 brands: Finzace and iCreditSpace.
Finzace Wealth Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-02-0042176). For more details, the company can be reached via its website icreditspace.com.
Company details
CIN U74999KA2022PTC168511
Registration Number 168511
Incorporation Date 01 December 2022
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-02-0042176
Recognitions & Rankings of Finzace Wealth Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-KR-02-0042176
Contact details
Finzace Wealth Solutions Private Limited's registered office is in Bangalore, Karnataka.
- Social Media
- Registered Address1803 2nd Floor Near Hanuman Temple Heelalige Chandapura Anekal Taluk, Bangalore, Karnataka, India – 560099
- IndustryBusiness Services, Miscellaneous Business Activities, Other Services
Comprehensive company report
Finzace Wealth Solutions 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
Finzace Wealth Solutions operates two associated brands: Finzace and iCreditSpace. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides online platform for bonds and fixed deposits investments with high yields. | finzace.com | |
| Finzace offers secure bonds and fixed deposits with up to 16% returns for individual investors. | icreditspace.com |
Business activity
The main business activity of Finzace Wealth Solutions is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Finzace Wealth Solutions Private Limited, buy the company report.
Financials of Finzace Wealth Solutions Private Limited
FY 2024 filings availableFinzace Wealth Solutions Private Limited reported revenue of ₹92,582 for FY 2024.
Revenue · FY 2024
₹92,582
Net loss · FY 2024
₹14.8 Lakh
EBITDA · FY 2024
-₹14.8 Lakh
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹14.8 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹14.8 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 2023-24 | FY 2022-23 |
|---|---|---|
| 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 Finzace Wealth Solutions Private Limited, buy the company report.
Board of directors of Finzace Wealth Solutions Private Limited
Finzace Wealth Solutions has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Kumar Gundurao Bablad Also directs: Finzace Capital Services Private Limited | Director | 01 Dec 2022 | 3 Years 11 Months | Current |
| Shikhar Agrawal | Director | 01 Dec 2022 | 3 Years 11 Months | Current |
Peer comparison
Finzace Wealth Solutions Private Limited is compared with the 5 companies closest to it by revenue in the Ecommerce and Internet industry (Finance), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sathi Bhagya Nirmata Micro Finance Private Limited | ₹95,417 (FY 2025) | 13.0% | Kolkata, West Bengal, India | |||
| Sowjenvee Finance Limited | ₹94,140 (FY 2021) | -100.0% | Bangalore, Karnataka, India | |||
| 1Millisecond Financial Technologies Private Limited | ₹93,710 (FY 2024) | 4685400.0% | Bangalore, Karnataka, India | |||
| Finzace Wealth Solutions Private Limitedthis company | ₹92,582 (FY 2024) | -₹14.8 Lakh | Bangalore, Karnataka, India | |||
| Jitharam Finance and Investments Ltd. | ₹92,233 (FY 2019) | -7.0% | Hyderabad, Telangana, India | |||
| SLR Finance and Investments Limited | ₹90,667 (FY 2019) | -95.0% | Delhi, India |
To see the full peer comparison of Finzace Wealth Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Finzace Wealth Solutions 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 Finzace Wealth Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Finzace Wealth Solutions Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Finzace Wealth Solutions Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Manoj Kumar Gundurao Bablad was appointed as Director on 01 Dec 2022.
AGM
Finzace Wealth Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Finzace Wealth Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Manoj Kumar Gundurao Bablad was appointed as Director.
Appointed
Shikhar Agrawal was appointed as Director.
Incorporation
01 Dec 2022
Finzace Wealth Solutions Private Limited was registered on 01 Dec 2022 with Roc Bangalore & aged 3 years 11 months as per MCA records.
Frequently asked questions
Finzace Wealth Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in miscellaneous business activities, within the business services industry. It was incorporated on 01 December 2022 (4+ years old) and is registered under CIN U74999KA2022PTC168511.
Finzace Wealth Solutions has 2 current directors:
- Manoj Kumar Gundurao Bablad - Director
- Shikhar Agrawal - Director
The latest financial statements of Finzace Wealth Solutions 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 2023 are in the company report.
The CIN (Corporate Identification Number) of Finzace Wealth Solutions is U74999KA2022PTC168511. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Finzace Wealth Solutions was incorporated on 01 December 2022, making it 4+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Finzace Wealth Solutions by revenue are Sathi Bhagya Nirmata Micro Finance Private Limited, Sowjenvee Finance Limited, 1Millisecond Financial Technologies Private Limited, Jitharam Finance and Investments Ltd, SLR Finance and Investments Limited, all in the Ecommerce and Internet industry (Finance), with the same principal business activity (other financial activities).
Manoj Kumar Gundurao Bablad was appointed as Director on 01 Dec 2022. Shikhar Agrawal was appointed as Director on 01 Dec 2022.
Yes, Finzace Wealth Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Finzace Wealth Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-02-0042176).
Finzace Wealth Solutions can be reached through the website icreditspace.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Finzace Wealth Solutions is at 1803 2nd Floor Near Hanuman Temple Heelalige Chandapura Anekal Taluk, Bangalore, Karnataka, India – 560099.
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