MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-33-0052975
Crescent Business Solutions Private Limited - financial services in Navi Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹63.25 Cr
▲ 866% YoY
Net loss · FY 2025
₹16.7 Lakh
Net margin -0.3%
EBITDA · FY 2025
₹60.81 Lakh
EBITDA margin 1%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹11.5 Lakh
Issued & subscribed
Open charges
₹2.04 Cr
Secured borrowings
Company age
16 yrs
Est. 2010
Employees · EPFO
9
Provident fund records
About Crescent Business Solutions Private Limited
Data last updated:
Crescent Business Solutions Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the prepaid card services segment of the financial services sector. It was incorporated on 20 April 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2010PTC202209. Its GSTIN is 27AAICA5293L6Z1 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹11.5 Lakh. It was formerly known as Crescent Payments Private Limited and Alertpay Solutions Private Limited. It is led by directors Vineet Kumar Tewari and Zoheb Ahmed Patel.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Sigma IT Park 3rd Flr 306 Behind Dhirubai Ambani Life Science Institute Rabale, Navi Mumbai, Maharashtra, India – 400701.
As per the financials filed for FY 2025, the company reported a revenue of ₹63.25 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹16.7 Lakh (net margin -0.3%) and EBITDA of ₹60.81 Lakh (EBITDA margin 1%). Revenue has grown at a compounded annual rate (CAGR) of 194% over three years and 129% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: RuCards. As per MCA filings, the company has open charges of ₹2.04 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
Crescent Business Solutions Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-33-0052975). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rucards.in.
Company details
CIN U67190MH2010PTC202209
Registration Number 202209
Incorporation Date 20 April 2010
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-33-0052975
Name history
Crescent Business Solutions has undergone 2 name changes throughout its history. The company was previously known as Crescent Payments Private Limited, and Alertpay Solutions Private Limited. The current legal name is Crescent Business Solutions Private Limited.
| Company Name | Status |
|---|---|
| Crescent Business Solutions Private Limited | Current |
| Crescent Payments Private Limited | Previous |
| Alertpay Solutions Private Limited | Previous |
Recognitions & Rankings of Crescent Business Solutions
Contact details
Crescent Business Solutions Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is rucards.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSigma IT Park 3rd Flr 306 Behind Dhirubai Ambani Life Science Institute Rabale, Navi Mumbai, Maharashtra, India – 400701
- IndustryFinancial Services, Prepaid Card Services
To see the full contact details of Crescent Business Solutions Private Limited, buy the company report.
Comprehensive company report
Crescent Business Solutions Private Limited - one report that includes everything
- 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
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Brands
Crescent Business Solutions operates one associated brand: RuCards. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides a digital wallet and payment cards platform for individual users. | rucards.in |
Business activity
The main business activity of Crescent Business Solutions is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Crescent Business Solutions Private Limited, buy the company report.
Financials of Crescent Business Solutions Private Limited
FY 2024 filings availableCrescent Business Solutions Private Limited reported revenue of ₹63.25 Cr (up 866% YoY) for FY 2025.
Revenue · FY 2025
₹63.25 Cr ▲ 866%
Net loss · FY 2025
₹16.7 Lakh margin -0.3%
EBITDA · FY 2025
₹60.81 Lakh margin 1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 866%
3 years · compounded
▲ 194%
5 years · compounded
▲ 129%
EBITDA CAGR growth
1 year
▲ 86%
3 years · compounded
▲ 29%
5 years · compounded
▲ 16%
Revenue has grown at a compounded annual rate (CAGR) of 129% over five years, including 866% growth in the latest year. EBITDA rose 86% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹60.81 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹16.7 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1% | ||||
| Net Profit Margin | -0.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Crescent Business Solutions Private Limited, buy the company report.
Board of directors of Crescent Business Solutions Private Limited
Crescent Business Solutions has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vineet Kumar Tewari Also directs: Embracive Technologies Private Limited | Director | 03 Jan 2017 | 9 Years 9 Months | Current |
| Zoheb Ahmed Patel | Director | 20 Apr 2010 | 16 Years 6 Months | Current |
Auditor
Crescent Business Solutions Private Limited is audited by NAGESHVIJAYNATHDUBEY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NAGESHVIJAYNATHDUBEY | FY 2023 | 047046 |
Shareholding
The shareholding of Crescent Business Solutions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Crescent Business Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.04 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Nov 2024 | 101010051 | Axis Bank Limited | ₹1 Cr | Open | |
| 08 Jul 2021 | 100457577 | Axis Bank Limited | ₹34 Lakh | Open | |
| 30 Sep 2020 | 100378920 | Axis Bank Limited | ₹70 Lakh | Open |
Total charge records: 3 View all charges
Legal cases
Crescent Business Solutions Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Interim or miscellaneous application | Filed against the company by PR Commissioner of Income Tax 6 | Pending |
To see the full case history of Crescent Business Solutions 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 Crescent Business Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Crescent Business Solutions Private Limited has a workforce of 9 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
9
Active EPFO establishments
1
GST
Crescent Business Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICA5293L6Z1 | Maharashtra | Active | 13 Jul 2017 |
To see the full GST registrations and return filing status of Crescent Business Solutions Private Limited, buy the company report.
Recent activity
Crescent Business Solutions Private Limited has 5 board changes on record since 2010: 2 appointments and 3 cessations. The latest: Firoz Patel ceased to be Director on 19 Oct 2018.
Charges
A charge with Axis Bank Limited amounted to Rs. 1.00 Cr with Charge ID 101010051 was registered on 26 Nov 2024.
AGM
Crescent Business Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Crescent Business Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.34 Cr with Charge ID 100457577 was registered on 08 Jul 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.70 Cr with Charge ID 100378920 was registered on 30 Sep 2020.
Ceased
Firoz Patel ceased to be Director.
Appointed
Vineet Kumar Tewari was appointed as Director.
Ceased
Alby Abraham ceased to be Director.
Ceased
Yusuf Suleman Patel ceased to be Director.
Appointed
Zoheb Ahmed Patel was appointed as Director.
Incorporation
20 Apr 2010
Crescent Business Solutions Private Limited was registered on 20 Apr 2010 with Roc Mumbai & aged 16 years 6 months as per MCA records.
Frequently asked questions
Crescent Business Solutions is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in prepaid card services, within the financial services industry. It was incorporated on 20 April 2010 (16+ years old) and is registered under CIN U67190MH2010PTC202209.
Crescent Business Solutions has 2 current directors:
- Vineet Kumar Tewari - Director
- Zoheb Ahmed Patel - Director
The latest financial statements of Crescent Business Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Crescent Business Solutions is 27AAICA5293L6Z1, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Crescent Business Solutions is U67190MH2010PTC202209. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Crescent Business Solutions has 1 court case on record: 1 filed against it. 1 is pending.
Crescent Business Solutions was incorporated on 20 April 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Firoz Patel ceased to be Director on 19 Oct 2018. Vineet Kumar Tewari was appointed as Director on 03 Jan 2017. Alby Abraham ceased to be Director on 30 May 2014. Crescent Business Solutions has 5 board changes on record in total.
Yes, Crescent Business Solutions is registered as an MSME under Udyam registration (number: UDYAM-MH-33-0052975).
Crescent Business Solutions can be reached through the website rucards.in. Its registered office is in Navi Mumbai, Maharashtra, India.
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