About WFG Solutions India Private Limited
Data last updated:
WFG Solutions India Private Limited was a foreign private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Web Financial Group S.A. Spain. The company has been dissolved (liquidated) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 30 September 2013.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2013FTC248683. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was led by directors Niraj Dilip Mahajan and Dirk Behrens.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 1102 11th Floor Tower B Peninsula Business Park Senapati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.09 Lakh, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹21.57 Lakh and EBITDA of -₹21.48 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 73% over three years.
Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending.
The last known website on record is skparekh.com.
Company details
Contact details
WFG Solutions India Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1102 11th Floor Tower B Peninsula Business Park Senapati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of WFG Solutions India 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 WFG Solutions India is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
Financials of WFG Solutions India Private Limited
FY 2019 filings availableWFG Solutions India Private Limited reported revenue of ₹1.09 Lakh (down 98% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 73% over three years, including a 98% fall in the latest year. EBITDA fell 954% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹21.48 Lakh | ||||
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| Net Profit (PAT) | -₹21.57 Lakh | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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To see the full financial statements and ratios of WFG Solutions India Private Limited, buy the company report.
Board of directors of WFG Solutions India Private Limited
WFG Solutions India has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Niraj Dilip Mahajan | Director | 14 Jan 2015 | 11 Years 9 Months | As last reported |
| Dirk Behrens | Director | 30 Sep 2013 | 13 Years 0 Months | As last reported |
Peer comparison
WFG Solutions India Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Syna Web Solutions Private Limited | ₹1.1 Lakh (FY 2019) | 175.0% | Mumbai, Maharashtra, India | |||
| Plutus Advisors & Consulting Private Limited | ₹1.1 Lakh (FY 2024) | 195.0% | Noida, Uttar Pradesh, India | |||
| Ruba News Private Limited | ₹1.1 Lakh (FY 2025) | -34.0% | Ranchi, Jharkhand, India | |||
| Cocypher IT Solutions Private Limited | ₹1.1 Lakh (FY 2020) | -5.0% | Bhubaneswar, Odisha, India | |||
| Joy Infotainment Media Private Limited | ₹1.09 Lakh (FY 2025) | 73.0% | Meerut, Uttar Pradesh, India | |||
| WFG Solutions India Private Limitedthis company | ₹1.09 Lakh (FY 2019) | -₹21.57 Lakh | -98.0% | Mumbai, Maharashtra, India | ||
| Kher Network Solutions (OPC) Private Limited | ₹1.09 Lakh (FY 2025) | 26.0% | Ashok Nagar, Madhya Pradesh, India | |||
| Urmik Private Limited | ₹1.09 Lakh (FY 2025) | -82.0% | Ahmedabad, Gujarat, India | |||
| Careerhone Corporate Services Private Limited | ₹1.09 Lakh (FY 2020) | -66.0% | New Delhi, Delhi, India | |||
| Kalasanskruti Information Technology Solutions and Services Private Limited | ₹1.09 Lakh (FY 2025) | 3106.0% | Jamnagar, Gujarat, India | |||
| Fidaato Infotech Private Limited | ₹1.09 Lakh (FY 2025) | -26.0% | Bhopal, Madhya Pradesh, India |
To see the full peer comparison of WFG Solutions India Private Limited, buy the company report.
Auditor
WFG Solutions India Private Limited is audited by Sudit K. Parekh & Co for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sudit K. Parekh & Co | FY 2015 |
Shareholding
The shareholding of WFG Solutions India Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of WFG Solutions India Private Limited, buy the company report.
Legal cases
WFG Solutions India Private Limited has 2 court cases on record: 1 filed by WFG Solutions India, 1 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by Assistant Registrar of Companies | Pending |
| NCLT, Mumbai | Insolvency matter | Filed by the company | Disposed |
To see the full case history of WFG Solutions India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for WFG Solutions India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
WFG Solutions India has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of WFG Solutions India Private Limited, buy the company report.
Recent activity
WFG Solutions India Private Limited has 7 board changes on record since 2013: 2 appointments and 5 cessations. The latest: Nityanand Shankar Nayak ceased to be Director on 31 Oct 2019.
Frequently asked questions
WFG Solutions India has been "Dissolved (Liquidated)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
WFG Solutions India was a foreign private limited company based in Mumbai, Maharashtra, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 30 September 2013 and is registered under CIN U72900MH2013FTC248683. The company is recorded as dissolved (liquidated) in MCA records and no longer exists as a legal entity.
WFG Solutions India was incorporated on 30 September 2013. It is registered with the Registrar of Companies, Mumbai.
WFG Solutions India had 2 directors:
- Niraj Dilip Mahajan - Director
- Dirk Behrens - Director
The CIN (Corporate Identification Number) of WFG Solutions India is U72900MH2013FTC248683. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of WFG Solutions India is at 1102 11th Floor Tower B Peninsula Business Park Senapati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
WFG Solutions India can be reached through the website skparekh.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of WFG Solutions India on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. WFG Solutions India has 1 GST registration on record and it is cancelled or inactive.
WFG Solutions India operated in the information technology industry, in the IT consulting and support services segment.
The peers of WFG Solutions India by revenue are Syna Web Solutions Private Limited, Plutus Advisors & Consulting Private Limited, Ruba News Private Limited, Cocypher IT Solutions Private Limited, Joy Infotainment Media Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).