About FirstRate WealthTech
FirstRate WealthTech is a Financial Services company based in Pune (India) founded in 2022. It offers AI-powered solutions for investment performance and wealth reporting. It operates on a B2B and SaaS model in Financial Services and Technology sectors. The company has 44 employees. Its Indian entity Firstrate Wealthtech Private Limited reported revenue of ₹14.02 Cr. FirstRate WealthTech offers products and services including IPAAS, RAAS, IAAS, and DAAS. Its focus areas include FinTech, Wealth Management Tech, Investment Tech and Financial Databases. Its competitors include 360 One and Centricity; 1 of its 2 listed competitors has raised funding.
Company details
FirstRate WealthTech specializes in AI-driven services for wealth management, including investment performance analysis, reporting, insights, and data aggregation. The company uses machine learning and predictive analytics to help wealth managers optimize strategies and mitigate risks. Based primarily in Pune, India, it serves over 500 clients worldwide, including broker dealers and asset managers, through customizable platforms and APIs.
- Headquarters Pune, India
- Employees 44
- SectorsFinancial ServicesTechnology
- Email••••••••
- Phone•••• ••••
- Website firstratewealthtech.in
- Social LinkedIn
- Legal Name Firstrate Wealthtech Private Limited
- Date of Incorporation 18 Apr, 2022
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹14.02 Cr
FY 2024 · +50% YoY
- Net Profit₹1.66 Cr
FY 2024 · 12% margin
- EBITDA₹2.40 Cr
FY 2024 · 17% margin
- Employee Count44
Associated legal entities of FirstRate WealthTech
FirstRate WealthTech operates through Firstrate Wealthtech 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 |
|---|---|---|---|---|---|---|---|
| Firstrate Wealthtech Private Limited CIN U72900PN2022PTC210433 | Active | 18 Apr 2022 | Pune, Maharashtra | ₹14.0 Cr | 44 | 2 | View details |
Products & Services of FirstRate WealthTech
FirstRate WealthTech offers a comprehensive portfolio of products and services, including IPAAS, RAAS, IAAS, and DAAS.
Service for consuming and delivering performance data.
Platform for displaying investment stories and advisory portals.
Transforms data into actionable insights using AI.
Framework for aggregating data with OCR and extraction.
Board of directors of Firstrate Wealthtech Private Limited (FirstRate WealthTech)
Firstrate Wealthtech Private Limited is the primary company behind FirstRate WealthTech. The board of Firstrate Wealthtech Private Limited currently have 2 directors; the longest-serving is David Albert Stone, appointed in 2022.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| David Albert Stone DIN 06564475 | Director | 18 Apr 2022 | 4 yrs 6 mo | Firstrate Wealthtech Private Limited |
| Nayan Vinayakrao Madhamshettiwar DIN 09575246 | Director | 18 Apr 2022 | 4 yrs 6 mo | Firstrate Wealthtech Private Limited |
Financials of FirstRate WealthTech
Figures of Firstrate Wealthtech Private Limited, the primary company behind FirstRate WealthTech, for FY 2024. Revenue was ₹14.02 Cr (+50% year on year). Net profit was ₹1.66 Cr (12% margin). EBITDA was ₹2.40 Cr (17% margin).
- ₹14.02 CrRevenue · FY 2024 · +50% YoY
- ₹1.66 CrNet profit · 12% margin
- ₹2.40 CrEBITDA · 17% margin
- ₹1 LakhPaid-up capital
- 44Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Firstrate Wealthtech Private Limited are on its company page.
Detailed financial statements for FirstRate WealthTech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Competitors of FirstRate WealthTech
FirstRate WealthTech has 2 listed competitors in our database, 1 of them funded. They include 360 One and Centricity.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| 360.one | 2008 | Mumbai, India | 65 | Asset and wealth management software is provided for businesses. | ||
| centricity.co.in | 2022 | Gurugram, India | $24.05M | 458 | Digital private wealth management platform for individuals |
Detailed competitors of FirstRate WealthTech
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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- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Investment & Wealth Tech
3 companies that operate in the same segment as FirstRate WealthTech (Investment & Wealth Tech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Mutual funds, portfolio management, and retirement planning services are offered. | 2001 | Mumbai, Maharashtra, India | USD 142.4 M | USD 180.76 M | 1,840 | |
Investment consultant for future & options and commodities | 1987 | Kochi, Kerala, India | USD 71.52 M | 2,690 | ||
Technology-led financial products and infrastructure services are provided for consumers. | 2021 | Mumbai, Maharashtra, India | USD 145.66 M | USD 1.98 M | 376 |
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Frequently Asked Questions about FirstRate WealthTech
FirstRate WealthTech was founded in 2022.
FirstRate WealthTech is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
FirstRate WealthTech has 44 employees.
The primary company behind FirstRate WealthTech, Firstrate Wealthtech Private Limited, reported revenue of ₹14.02 Cr for FY 2024, up 50% year on year.
FirstRate WealthTech specializes in AI-driven services for wealth management, including investment performance analysis, reporting, insights, and data aggregation. The company uses machine learning and predictive analytics to help wealth managers optimize strategies and mitigate risks. Based primarily in Pune, India, it serves over 500 clients worldwide, including broker dealers and asset managers, through customizable platforms and APIs.
FirstRate WealthTech's top competitors include Centricity and 360 One.
FirstRate WealthTech offers IPAAS, RAAS, IAAS, and DAAS.
FirstRate WealthTech operates through Firstrate Wealthtech Private Limited.
The legal entities of FirstRate WealthTech currently have 2 directors, including David Albert Stone, Nayan Vinayakrao Madhamshettiwar.