Classic Wealth Management Services Private Limited
About Classic Wealth Management Services Private Limited
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Classic Wealth Management Services Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the financial services and investment segment of the financial services sector. It was incorporated on 18 October 2001.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U67190KA2001PTC074487. Its GSTIN is 29AACCC0267C2Z0 (Karnataka). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Batch Mudaliar Somasundram Parthibun and Bharat Naidu Bobbili.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at # 13 Sowmya Kalikanagar Andrahalli, Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2018, the company reported a revenue of ₹6.83 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹36.16 Lakh (net margin 5.3%) and EBITDA of ₹50.65 Lakh (EBITDA margin 7.4%). Revenue has grown at a compounded annual rate (CAGR) of 152% over three years.
The company had about 1 employee on its provident fund (EPFO) records before it was struck off.
Company details
CIN history
Classic Wealth Management Services has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U67190KA2001PTC074487, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67190KA2001PTC074487 | Current |
| U67190AP2001PTC037964 | Previous |
| U66010AP2001PTC037964 | Previous |
Contact details
Classic Wealth Management Services Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address# 13 Sowmya Kalikanagar Andrahalli, Bangalore, Karnataka, India – 560058
- IndustryFinancial Services, Financial Activities
To see the full contact details of Classic Wealth Management Services 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 Classic Wealth Management Services is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Classic Wealth Management Services Private Limited, buy the company report.
Financials of Classic Wealth Management Services Private Limited
FY 2018 filings availableClassic Wealth Management Services Private Limited reported revenue of ₹6.83 Cr (up 12% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 152% over three years, including 12% growth in the latest year. EBITDA fell 43% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹50.65 Lakh | |||
| Profit Before Tax | ||||
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| Net Profit (PAT) | ₹36.16 Lakh | |||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 7.4% | |||
| Net Profit Margin | 5.3% | |||
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To see the full financial statements and ratios of Classic Wealth Management Services Private Limited, buy the company report.
Board of directors of Classic Wealth Management Services Private Limited
Classic Wealth Management Services has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharat Naidu Bobbili Also directs: Karvy Realty & Services Limited, Karvy Forex & Currencies Private Limited, Compar Estates and Agencies Private Limited and 5 more | Additional Director | 13 Jul 2021 | 5 Years 3 Months | As last reported |
| Batch Mudaliar Somasundram Parthibun | Director | 25 Jun 2012 | 14 Years 4 Months | As last reported |
Auditor
Classic Wealth Management Services Private Limited is audited by B S K S & Co. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S K S & Co. | FY 2017 | 017471S |
Shareholding
The shareholding of Classic Wealth Management Services Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Classic Wealth Management Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Classic Wealth Management Services Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Classic Wealth Management Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Classic Wealth Management Services has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCC0267C2Z0 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Classic Wealth Management Services Private Limited, buy the company report.
Recent activity
Classic Wealth Management Services Private Limited has 9 board changes on record since 2008: 2 appointments and 7 cessations. The latest: Bangalore Chandrashekariah Shiva Prakash ceased to be Director on 15 Jul 2021.
Frequently asked questions
Classic Wealth Management Services has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Classic Wealth Management Services was a private limited company based in Bangalore, Karnataka, India. The company worked in financial activities, within the financial services industry. It was incorporated on 18 October 2001 and is registered under CIN U67190KA2001PTC074487. The company has been struck off by the Registrar of Companies and is no longer operational.
Classic Wealth Management Services had 2 directors:
- Bharat Naidu Bobbili - Additional Director
- Batch Mudaliar Somasundram Parthibun - Director
The CIN (Corporate Identification Number) of Classic Wealth Management Services is U67190KA2001PTC074487. 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 Classic Wealth Management Services is at # 13 Sowmya Kalikanagar Andrahalli, Bangalore, Karnataka, India – 560058.
Classic Wealth Management Services was incorporated on 18 October 2001. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of Classic Wealth Management Services on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Classic Wealth Management Services is 29AACCC0267C2Z0, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Classic Wealth Management Services operated in the financial services industry, in the financial activities segment. It worked in this industry before it was struck off.
Bangalore Chandrashekariah Shiva Prakash ceased to be Director on 15 Jul 2021. Bharat Naidu Bobbili was appointed as Additional Director on 13 Jul 2021. Batch Mudaliar Somasundram Parthibun ceased to be Additional Director on 26 Sep 2012. Classic Wealth Management Services has 9 board changes on record in total.