MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2021-22)
- Udyam number
- UDYAM-MH-18-0095292
Proadvice Wealth Imf Private Limited - insurance in Mumbai, Maharashtra, India. Directors, charges & compliance details.
Revenue · FY 2023
₹9.29 Lakh
▲ 13472% YoY
Net profit · FY 2023
₹2.59 Lakh
Net margin 27.9%
EBITDA · FY 2023
₹2.7 Lakh
EBITDA margin 29.1%
Authorised capital
₹12 Lakh
Registered with MCA
Paid-up capital
₹12 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
Last financials
Mar 2023
Balance sheet date
About Proadvice Wealth Imf Private Limited
Data last updated:
Proadvice Wealth Imf Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the insurance and pension services segment of the insurance sector. It was incorporated on 01 September 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67200MH2021PTC366659.
The company has an authorised share capital of ₹12 Lakh and a paid-up capital of ₹12 Lakh. It is led by directors Vrunda Vasani and Gaurav Vasani.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 102 Divine Paradise I C Colony Cross Road No 2 Borivali W, Mumbai, Maharashtra, India – 400103.
As per the financials filed for FY 2023, the company reported a revenue of ₹9.29 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹2.59 Lakh (net margin 27.9%) and EBITDA of ₹2.7 Lakh (EBITDA margin 29.1%).
Proadvice Wealth Imf Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0095292). For more details, the company can be reached via its website proadvice.in.
Company details
CIN U67200MH2021PTC366659
Registration Number 366659
Incorporation Date 01 September 2021
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0095292
Key People
Vrunda Vasani Director Gaurav Vasani Director Recognitions & Rankings of Proadvice Wealth Imf
Contact details
Proadvice Wealth Imf Private Limited's registered office is in Mumbai, Maharashtra.
- Registered Address102 Divine Paradise I C Colony Cross Road No 2 Borivali W, Mumbai, Maharashtra, India – 400103
- IndustryInsurance, Insurance & Pension Services
Comprehensive company report
Proadvice Wealth Imf 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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Business activity
The main business activity of Proadvice Wealth Imf is financial and insurance service. In detail, this covers life/non-life insurance and reinsurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K3 | Life/Non-life Insurance and Reinsurance activities |
To see the full business activity and turnover split of Proadvice Wealth Imf Private Limited, buy the company report.
Financials of Proadvice Wealth Imf Private Limited
FY 2023 filings availableProadvice Wealth Imf Private Limited reported revenue of ₹9.29 Lakh (up 13472% YoY) for FY 2023.
Revenue · FY 2023
₹9.29 Lakh ▲ 13472%
Net profit · FY 2023
₹2.59 Lakh margin 27.9%
EBITDA · FY 2023
₹2.7 Lakh margin 29.1%
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 |
|---|---|---|
| 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 | ₹2.7 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹2.59 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 2022-23 | FY 2021-22 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 29.1% | |
| Net Profit Margin | 27.9% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
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| 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 Proadvice Wealth Imf Private Limited, buy the company report.
Board of directors of Proadvice Wealth Imf Private Limited
Proadvice Wealth Imf has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vrunda Vasani | Director | 01 Sep 2021 | 5 Years 1 Months | Current |
| Gaurav Vasani | Director | 01 Sep 2021 | 5 Years 1 Months | Current |
Peer comparison
Proadvice Wealth Imf Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Life Insurance), with the same principal business activity (life/non-life insurance and reinsurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Angelic Insurance Brokers Private Limited | ₹16.91 Lakh (FY 2025) | New Delhi, Delhi, India | ||||
| Ageas Federal Life Insurancecompany Limited | ₹14.76 Lakh (FY 2021) | -14.0% | Mumbai, Maharashtra, India | |||
| Proadvice Wealth Imf Private Limitedthis company | ₹9.29 Lakh (FY 2023) | ₹2.59 Lakh | 27.9% | 13472.0% | Mumbai, Maharashtra, India | |
| Edelweiss Life Insurance Company Limited | ₹8.64 Lakh (FY 2020) | 14.0% | Mumbai, Maharashtra, India | |||
| Ananta Oorjaa Enterprise Private Limited | ₹5.88 Lakh (FY 2022) | -46.0% | Mumbai, Maharashtra, India | |||
| Agr Imf Private Limited | ₹15,000 (FY 2020) | -40.0% | Noida, Uttar Pradesh, India |
To see the full peer comparison of Proadvice Wealth Imf Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Proadvice Wealth Imf 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 Proadvice Wealth Imf 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 Proadvice Wealth Imf Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Proadvice Wealth Imf Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Gaurav Vasani was appointed as Director on 01 Sep 2021.
AGM
Proadvice Wealth Imf Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Proadvice Wealth Imf Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai I.
Appointed
Gaurav Vasani was appointed as Director.
Appointed
Vrunda Vasani was appointed as Director.
Incorporation
01 Sep 2021
Proadvice Wealth Imf Private Limited was registered on 01 Sep 2021 with Roc Mumbai I & aged 5 years 2 months as per MCA records.
Frequently asked questions
Proadvice Wealth Imf is an active private limited company based in Mumbai, Maharashtra, India. The company works in insurance and pension services, within the insurance industry. It was incorporated on 01 September 2021 (5+ years old) and is registered under CIN U67200MH2021PTC366659.
Proadvice Wealth Imf has 2 current directors:
- Vrunda Vasani - Director
- Gaurav Vasani - Director
The latest financial statements of Proadvice Wealth Imf on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2022 are in the company report.
The CIN (Corporate Identification Number) of Proadvice Wealth Imf is U67200MH2021PTC366659. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Proadvice Wealth Imf was incorporated on 01 September 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Proadvice Wealth Imf by revenue are Angelic Insurance Brokers Private Limited, Ageas Federal Life Insurancecompany Limited, Edelweiss Life Insurance Company Limited, Ananta Oorjaa Enterprise Private Limited, Agr Imf Private Limited, all in the BFSI industry (Life Insurance), with the same principal business activity (life/non-life insurance and reinsurance activities).
Gaurav Vasani was appointed as Director on 01 Sep 2021. Vrunda Vasani was appointed as Director on 01 Sep 2021.
Yes, Proadvice Wealth Imf is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-18-0095292).
Proadvice Wealth Imf can be reached through the website proadvice.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Proadvice Wealth Imf is at 102 Divine Paradise I C Colony Cross Road No 2 Borivali W, Mumbai, Maharashtra, India – 400103.
Proadvice Wealth Imf operates in the insurance industry, in the insurance and pension services segment.
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