About Counting Dues
Counting Dues is a Business Services company based in Thane (India) founded in 2020. It provides bookkeeping management software for businesses. It operates on a B2B model. Its Indian entity Madrecha Solutions Private Limited reported revenue of ₹1.87 Cr. Its focus areas include Finance and Accounting, Bookkeeping, Software Solutions and Management Tools. Its competitors include Botkeeper, CreditBook, Orbia, Konsolidator and Briefcase and 3 more; 5 of its 8 listed competitors have raised funding.
Company details
Counting Dues, founded in 2020 in Thane, India, focuses on finance and accounting, bookkeeping, providing software for education, and management tools. Provides bookkeeping management software for businesses. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Thane, India
- SectorsBusiness Services
- Website countingdues.com
- Legal Name Madrecha Solutions Private Limited
- Date of Incorporation 02 Sep, 2015
- Jurisdiction Thane, Maharashtra, India
- Annual Revenue₹1.87 Cr
FY 2024 · +70% YoY
- Net Profit₹43.7 Lakh
FY 2024 · 23% margin
- EBITDA₹74.2 Lakh
FY 2024 · 40% margin
Associated legal entities of Counting Dues
Counting Dues operates through Madrecha Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Madrecha Solutions Private Limited CIN U72300MH2015PTC268005 | Active | 02 Sep 2015 | Thane, Maharashtra | ₹1.9 Cr | – | 3 | View details |
Board of directors of Madrecha Solutions Private Limited (Counting Dues)
Madrecha Solutions Private Limited is the primary company behind Counting Dues. The board of Madrecha Solutions Private Limited currently have 3 directors; the longest-serving is Adarsh Ashok Madrecha, appointed in 2015.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Adarsh Ashok Madrecha DIN 07065247 | Director | 02 Sep 2015 | 11 yrs 1 mo | Madrecha Solutions Private Limited |
| Ashok Kumar Madrecha DIN 00634934 | Director | 02 Sep 2015 | 11 yrs 1 mo | Madrecha Solutions Private Limited |
| Manas Ashok Madrecha DIN 09718648 | Whole-time director | 15 Sep 2022 | 4 yrs 1 mo | Madrecha Solutions Private Limited |
Financials of Counting Dues
Figures of Madrecha Solutions Private Limited, the primary company behind Counting Dues, for FY 2024. Revenue was ₹1.87 Cr (+70% year on year). Net profit was ₹43.7 Lakh (23% margin). EBITDA was ₹74.2 Lakh (40% margin). Revenue has grown at a compounded annual rate of +80% over three years and +109% over five years.
- ₹1.87 CrRevenue · FY 2024 · +70% YoY
- ₹43.7 LakhNet profit · 23% margin
- ₹74.2 LakhEBITDA · 40% margin
- ₹1 LakhPaid-up capital
- +80%Revenue CAGR, 3 years
- +109%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Madrecha Solutions Private Limited are on its company page.
Detailed financial statements for Counting Dues
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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Verified entity values are shown only after access is granted.
Competitors of Counting Dues
Counting Dues has 8 listed competitors in our database, 5 of them funded. They include Botkeeper, CreditBook, Orbia, Konsolidator and Briefcase, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| botkeeper.com | 2015 | Boston, United States | $89.5M | 129 | AI-based bookkeeping software is provided for businesses and accounting firms. | |
| creditbook.pk | 2020 | Karachi, Pakistan | $12.5M | – | App-based bookkeeping platform is provided for small enterprises. | |
| orbia.com | 1953 | United States | – | – | Orbia is focused on advancing life through innovative solutions globally. | |
| konsolidator.com | 2016 | Gribskov, Denmark | – | 27 | Cloud-based financial consolidation and reporting software is offered for businesses. | |
| briefcase.so | 2024 | London, United Kingdom | $3M | – | Bookkeeping and month-end tasks are automated by an AI platform. | |
| balancefinancial.com | 2004 | Bellevue, United States | $2.01M | 22 | Personal and business finance management platform | |
| usequanta.com | 2023 | San Francisco, United States | $4.7M | 3 | Automated bookkeeping and tax processes are provided for startups. | |
| onea.be | 2007 | Ghent, Belgium | – | 97 | Online bookkeeping is automated through invoice integration and processing. |
Detailed competitors of Counting Dues
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Top companies in Finance & Accounting Services
10 companies that operate in the same segment as Counting Dues (Finance & Accounting Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Software-based tax filing services for individuals and small businesses | 1955 | Kansas City, Missouri, United States | – | USD 3.95 B | 70,100 | |
Business advisory, finance, and accounting services are provided to clients. | 1910 | Anchorage, Alaska, United States | – | USD 54.77 M | 2,097 | |
Tax consulting services are provided to clients by Ryan. | 1991 | Dallas, Texas, United States | USD 317 M | USD 14.03 M | 1,111 | |
Provider of financial services | 1978 | Los Angeles, California, United States | USD 249.55 M | – | 1,736 | |
Accounting services are provided by Accordion to business clients. | 2009 | New York, New York, United States | USD 165 K | – | 351 | |
Cloud-based accounting software is offered for business operations. | 2002 | Tampa, Florida, United States | USD 24.33 M | – | 166 | |
Provider of financial management services | 1998 | Johannesburg, Gauteng, South Africa | – | USD 14.3 B | 44,916 | |
Financial services in insurance are provided to individuals and businesses. | 2019 | Jaipur, Rajasthan, India | USD 115.63 M | USD 55.59 M | 280 | |
Business advisory services | 1952 | Atlanta, Georgia, United States | – | – | 762 | |
Audit, tax, and advisory services are provided in the UK. | 1983 | Bolton, Greater Manchester, United Kingdom | – | – | – |
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Frequently Asked Questions about Counting Dues
Counting Dues was founded in 2020.
Counting Dues is headquartered in Thane, India. It is registered at Thane, Maharashtra, India.
The primary company behind Counting Dues, Madrecha Solutions Private Limited, reported revenue of ₹1.87 Cr for FY 2024, up 70% year on year.
Counting Dues, founded in 2020 in Thane, India, focuses on finance and accounting, bookkeeping, providing software for education, and management tools. Provides bookkeeping management software for businesses. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Counting Dues's top competitors include Botkeeper, Orbia and CreditBook.
Counting Dues operates through Madrecha Solutions Private Limited.
The legal entities of Counting Dues currently have 3 directors, including Manas Ashok Madrecha, Adarsh Ashok Madrecha, Ashok Kumar Madrecha.