About Wealgrow Ventures Private Limited
Data last updated:
Wealgrow Ventures Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the general e-commerce platforms segment of the e-commerce sector. It was incorporated on 21 July 2022.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2022PTC164097.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Saniej Ayitaandy Koovakandy and Muhammad Ashique Medaparambil.
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 Desk No 15 N No 14 Bhattrahalli Old Madras Road K R Puram, Bangalore, Karnataka, India – 560049.
For more details, the company can be reached via its website wealgrow.com.
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- WebsiteLocked
- Social MediaLocked
- Registered AddressDesk No 15 N No 14 Bhattrahalli Old Madras Road K R Puram, Bangalore, Karnataka, India – 560049
- IndustryE-Commerce, General E-Commerce Platforms
- 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
- One PDF report, delivered after checkout
Business Activity of Wealgrow Ventures Private Limited
The main business activity of Wealgrow Ventures is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Wealgrow Ventures Private Limited FY 2023 filings available
Wealgrow Ventures Private Limited reported revenue of ₹1 for FY 2023.
Financial Statement Summary of Wealgrow Ventures Private Limited
| Metrics | 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 | •••• |
| Profit Before Tax | •••• |
| Tax Expense | •••• |
| Net Profit (PAT) | •••• |
| 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 of Wealgrow Ventures Private Limited
| Metrics | 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 | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Wealgrow Ventures are in the company report.
Financial statements from FY 2023
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Wealgrow Ventures Private Limited
Wealgrow Ventures Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Data processing, hosting and related activities; web portal). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Transport Runway Private Limited | ₹1 (FY 2021) | •••• | •••• | •••• | Fatehabad, Haryana, India | |
| Wealgrow Ventures Private Limited this company | ₹1 (FY 2023) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Duttmark Bazar Private Limited | ₹1 (FY 2024) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Efollow Internet (OPC) Private Limited | ₹1 (FY 2024) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Webgrowthonline Private Limited | ₹1 (FY 2022) | •••• | •••• | •••• | Ahmedabad, Gujarat, India | |
| Zeitwert Private Limited | ₹1 (FY 2024) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Avinash Information Technologies Limited | ₹1 (FY 2022) | •••• | •••• | -79.0% | •••• | Ahmedabad, Gujarat, India |
| Beyondit Services Private Limited | ₹1 (FY 2025) | •••• | •••• | •••• | Telangana, India |
Peers are the five companies nearest above and the five nearest below Wealgrow Ventures by revenue in the same principal business activity (Data processing, hosting and related activities; web portal), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Wealgrow Ventures Private Limited
Wealgrow Ventures has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saniej Ayitaandy Koovakandy Also directs: Wealgrow Infocom Private Limited | Director | 21 Jul 2022 | 4 Years 2 Months | Current |
| Muhammad Ashique Medaparambil Also directs: Wealgrow Infocom Private Limited | Director | 21 Jul 2022 | 4 Years 2 Months | Current |
| Sajith Babu Arippothodika | Director | 03 Oct 2022 | 4 Years 0 Months | Current |
Charges & Borrowings of Wealgrow Ventures Private Limited
Wealgrow Ventures Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Wealgrow Ventures Private Limited
Employment history and EPFO contributions of people linked to Wealgrow Ventures.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Wealgrow Ventures Private Limited
Wealgrow Ventures Private Limited has 3 board changes on record since 2022: 3 appointments. The latest: Sajith Babu Arippothodika was appointed as Director on 03 Oct 2022.
Credit Ratings, Litigation & Regulatory Alerts for Wealgrow Ventures Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Wealgrow Ventures Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Wealgrow Ventures Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Wealgrow Ventures Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Wealgrow Ventures Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Wealgrow Ventures Private Limited
Wealgrow Ventures is an active private limited company based in Bangalore, Karnataka, India. The company works in general e-commerce platforms, within the e-commerce industry. It was incorporated on 21 July 2022 (4+ years old) and is registered under CIN U74999KA2022PTC164097.
Wealgrow Ventures has 3 current directors:
- Saniej Ayitaandy Koovakandy - Director
- Muhammad Ashique Medaparambil - Director
- Sajith Babu Arippothodika - Director
The CIN (Corporate Identification Number) of Wealgrow Ventures is U74999KA2022PTC164097. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wealgrow Ventures was incorporated on 21 July 2022, making it 4+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Wealgrow Ventures by revenue are Transport Runway Private Limited, Duttmark Bazar Private Limited, Efollow Internet (OPC) Private Limited, Webgrowthonline Private Limited, Zeitwert Private Limited and 2 more, all in the same principal business activity (Data processing, hosting and related activities; web portal).
Sajith Babu Arippothodika was appointed as Director on 03 Oct 2022. Muhammad Ashique Medaparambil was appointed as Director on 21 Jul 2022. Saniej Ayitaandy Koovakandy was appointed as Director on 21 Jul 2022.
Yes, Wealgrow Ventures is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Wealgrow Ventures can be reached through the website wealgrow.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Wealgrow Ventures is at Desk No 15 N No 14 Bhattrahalli Old Madras Road K R Puram, Bangalore, Karnataka, India – 560049.
Wealgrow Ventures has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.
Wealgrow Ventures operates in the e-commerce industry, in the general e-commerce platforms segment.