Wetrade Technology Private Limited
About Wetrade Technology Private Limited
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Wetrade Technology Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 08 December 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2021PTC155378. Its GSTIN is 29AADCW1321L1Z8 (Karnataka).
The company has an authorised share capital of ₹14.46 Lakh and a paid-up capital of ₹5.5 Lakh. It is led by directors Prashant Kumar and Rashmi Kumar.
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A261 Zonasha Paradiso Alpine Eco Road Doddenekundi, Bangalore, Karnataka, India – 560048.
As per the financials filed for FY 2024, the company reported a revenue of ₹13.81 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹6.2 Cr (net margin 44.9%) and EBITDA of ₹6.29 Cr (EBITDA margin 45.6%).
The company has about 10 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: WeTrade. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹12.52 Cr; the latest was in May 2022. Its 10 peer companies in the Ecommerce and Internet industry (Finance) are compared by revenue, 5 larger and 5 smaller; the largest is Equitymaster Research Private Limited with revenue of ₹13.9 Cr.
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- Registered AddressA261 Zonasha Paradiso Alpine Eco Road Doddenekundi, Bangalore, Karnataka, India – 560048
- IndustryInternet, Online Financial Services
- 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 Wetrade Technology Private Limited
The main business activity of Wetrade Technology is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | 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 Wetrade Technology Private Limited FY 2025 filings available
Wetrade Technology Private Limited reported revenue of ₹13.81 Cr (up 7749% YoY) for FY 2024.
Financial Statement Summary of Wetrade Technology Private Limited
| Metrics | FY 2023-24 | 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 | ₹6.29 Cr | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.2 Cr | •••• | •••• |
| 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 Wetrade Technology Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 45.6% | •••• | •••• |
| Net Profit Margin | 44.9% | •••• | •••• |
| 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 Wetrade Technology are in the company report.
Financial statements from FY 2022
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 Wetrade Technology Private Limited
Wetrade Technology Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Equitymaster Research Private Limited | ₹13.9 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Mumbai, Maharashtra, India |
| Sanwa Finance Private Limited | ₹13.87 Cr (FY 2019) | •••• | •••• | -13.0% | •••• | Mumbai, Maharashtra, India |
| Zoho Finance Private Limited | ₹13.87 Cr (FY 2025) | •••• | •••• | 2013.0% | •••• | Chengalpattu, Tamil Nadu, India |
| Ganesh Hire Purchase & Leasing Finance Private Limited | ₹13.86 Cr (FY 2024) | •••• | •••• | 727.0% | •••• | Delhi, India |
| Inter Globe Finance Ltd Listed | ₹13.83 Cr (FY 2019) | •••• | •••• | -27.0% | •••• | Kolkata, West Bengal, India |
| Wetrade Technology Private Limited this company | ₹13.81 Cr (FY 2024) | •••• | •••• | 7749.0% | •••• | Bangalore, Karnataka, India |
| Salter Technologies Private Limited | ₹13.81 Cr (FY 2025) | •••• | •••• | 856.0% | •••• | Mumbai, Maharashtra, India |
| Algoquant Fintech Limited Listed | ₹13.71 Cr (FY 2023) | •••• | •••• | -20.0% | •••• | Gandhinagar, Gujarat, India |
| Brick Eagle Affordable Housing Finance Limited | ₹13.68 Cr (FY 2025) | •••• | •••• | -42.0% | •••• | Mumbai, Maharashtra, India |
| Letsventure Technologies Private Limited | ₹13.68 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Bangalore, Karnataka, India |
| Sion Finance and Leasing Pvt Ltd | ₹13.61 Cr (FY 2025) | •••• | •••• | 103.0% | •••• | Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Wetrade Technology by revenue in the Ecommerce and Internet industry (Finance), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Wetrade Technology Private Limited
Wetrade Technology Private Limited is audited by MANU Y S & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MANU Y S & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Wetrade Technology Private Limited
Wetrade Technology has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prashant Kumar Also directs: Wtex Fintech Private Limited | Director | 08 Dec 2021 | 4 Years 10 Months | Current |
| Rashmi Kumar Also directs: Wtex Fintech Private Limited | Director | 08 Dec 2021 | 4 Years 10 Months | Current |
Ownership and Shareholding of Wetrade Technology Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Wetrade Technology Private Limited
Wetrade Technology Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Wetrade Technology Private Limited
Wetrade Technology Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹12.52 Cr; the latest was in May 2022.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2022 | Funding round · Seed | ₹12.47 Cr | Investors: Three State Capital, 3 individuals |
| Jan 2022 | Funding round | ₹4.5 Lakh | Investors: 2 individuals |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Wetrade Technology Private Limited
Wetrade Technology operates one associated brand: WeTrade. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cryptocurrency investments and trading are enabled via an app-based platform. | wetrade.app |
Employees and EPFO Compliance at Wetrade Technology Private Limited
Wetrade Technology Private Limited has a workforce of 10 employees as of Apr 06, 2024.
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 Wetrade Technology Private Limited
Wetrade Technology Private Limited has 3 board changes on record since 2021: 2 appointments and 1 cessation. The latest: Ravindra Babu Garikipati ceased to be Director on 27 Feb 2023.
Credit Ratings, Litigation & Regulatory Alerts for Wetrade Technology 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 Wetrade Technology 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 Wetrade Technology 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 Wetrade Technology Private Limited
Wetrade Technology has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCW1321L1Z8 | Karnataka | Active | 07 Jan 2022 |
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 Wetrade Technology 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.
Related news about Wetrade Technology Private Limited
Frequently Asked Questions about Wetrade Technology Private Limited
Wetrade Technology is an active private limited company based in Bangalore, Karnataka, India. The company works in online financial services, within the internet industry. It was incorporated on 08 December 2021 (5+ years old) and is registered under CIN U72900KA2021PTC155378.
Wetrade Technology reported revenue of ₹13.81 Cr for FY 2024 (up 7749% YoY).
Wetrade Technology has 2 current directors:
- Prashant Kumar - Director
- Rashmi Kumar - Director
Wetrade Technology reported a net profit of ₹6.2 Cr (net margin 44.9%) and EBITDA of ₹6.29 Cr (EBITDA margin 45.6%) for FY 2024, as per its filed financial statements.
The GSTIN of Wetrade Technology is 29AADCW1321L1Z8, registered in Karnataka.
The CIN (Corporate Identification Number) of Wetrade Technology is U72900KA2021PTC155378. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wetrade Technology was incorporated on 08 December 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
Wetrade Technology has 2 deals on record (2 funding rounds), with disclosed funding of ₹12.52 Cr; the latest was in May 2022.
The peers of Wetrade Technology by revenue are Equitymaster Research Private Limited, Sanwa Finance Private Limited, Zoho Finance Private Limited, Ganesh Hire Purchase & Leasing Finance Private Limited, Inter Globe Finance Ltd and 5 more, all in the Ecommerce and Internet industry (Finance).
Ravindra Babu Garikipati ceased to be Director on 27 Feb 2023. Prashant Kumar was appointed as Director on 08 Dec 2021. Rashmi Kumar was appointed as Director on 08 Dec 2021.
Yes, Wetrade Technology is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).