MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0089362
Firmway Services Private Limited - internet in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.51 Cr
▲ 56% YoY
Net profit · FY 2024
₹3.07 Lakh
Net margin 1.2%
EBITDA · FY 2024
₹36.36 Lakh
EBITDA margin 14.5%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1.19 Lakh
Issued & subscribed
Open charges
₹50 Lakh
Secured borrowings
Company age
10 yrs
Est. 2016
Directors on board
2
As per MCA filings
About Firmway Services Private Limited
Data last updated:
Firmway Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 19 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2016PTC283841. Its GSTIN is 27AACCF8827B1ZQ (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.19 Lakh. It is led by directors Vivek Kishorbhai Chandan and Prashant Pradeep Gupta.
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 Jai Hind Estate Bldg No 1 Shop No 18 Dr Am Road Bhuleshwar, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.51 Cr, a growth of 56% compared to the previous year. For the same year it recorded a net profit of ₹3.07 Lakh (net margin 1.2%) and EBITDA of ₹36.36 Lakh (EBITDA margin 14.5%). Revenue has grown at a compounded annual rate (CAGR) of 84% over three years and 124% over five years.
The company is associated with 1 brand: Firmway. As per MCA filings, the company has open charges of ₹50 Lakh on record. The company has 4 deals on record (2 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹74.8 Lakh; the latest was in January 2021. Its 10 peer companies in the Ecommerce and Internet industry (Finance) are compared by revenue, 5 larger and 5 smaller; the largest is Tri-Deep Leasing and Finance Limited with revenue of ₹2.53 Cr.
Firmway Services Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0089362). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website firmway.in.
Company Details of Firmway Services Private Limited
CIN U72900MH2016PTC283841
Registration Number 283841
Incorporation Date 19 July 2016
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 Micro
Udyam Registration UDYAM-MH-19-0089362
Recognitions & Rankings of Firmway Services
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressJai Hind Estate Bldg No 1 Shop No 18 Dr Am Road Bhuleshwar, Mumbai, Maharashtra, India – 400002
- IndustryInternet, Online Financial Services
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Associated Brands with Firmway Services Private Limited
Firmway Services operates one associated brand: Firmway. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online transaction monitoring and reconciliation services are provided for businesses. | firmway.in |
Business Activity of Firmway Services Private Limited
The main business activity of Firmway Services is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Firmway Services Private Limited FY 2024 filings available
Firmway Services Private Limited reported revenue of ₹2.51 Cr (up 56% YoY) for FY 2024.
Revenue · FY 2024
₹2.51 Cr ▲ 56%
Net profit · FY 2024
₹3.07 Lakh margin 1.2%
EBITDA · FY 2024
₹36.36 Lakh margin 14.5%
Compounded Annual Growth Rate (CAGR) of Firmway Services Private Limited
Revenue CAGR growth
1 year
▲ 56%
3 years · compounded
▲ 84%
5 years · compounded
▲ 124%
EBITDA CAGR growth
1 year
▲ 382%
3 years · compounded
▲ 39%
5 years · compounded
▲ 34%
Revenue has grown at a compounded annual rate (CAGR) of 124% over five years, including 56% growth in the latest year. EBITDA rose 382% 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 of Firmway Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹36.36 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.07 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Firmway Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.2% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Firmway Services are in the company report.
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Financial statements from FY 2017
Earlier years and trend charts are in the company report.
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Board of Directors of Firmway Services Private Limited
Firmway Services has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivek Kishorbhai Chandan | Director | 19 Jul 2016 | 10 Years 3 Months | Current |
| Prashant Pradeep Gupta | Director | 19 Jul 2016 | 10 Years 3 Months | Current |
Peer Comparison of Firmway Services Private Limited
Firmway Services Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tri-Deep Leasing and Finance Limited | ₹2.53 Cr (FY 2016) | •••• | •••• | -61.0% | •••• | Delhi, India |
| Rutu Investment & Finance Private Limited | ₹2.53 Cr (FY 2024) | •••• | •••• | -54.0% | •••• | Mumbai, Maharashtra, India |
| Unnatim Payments Private Limited | ₹2.53 Cr (FY 2024) | •••• | •••• | 153.0% | •••• | Murshidabad, West Bengal, India |
| Jiraaf Platform Private Limited | ₹2.52 Cr (FY 2025) | •••• | •••• | 1319.0% | •••• | Bangalore, Karnataka, India |
| Venkateshwar Udyog & Finance Private Limited | ₹2.51 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Mumbai, Maharashtra, India |
| Firmway Services Private Limited this company | ₹2.51 Cr (FY 2024) | •••• | •••• | 56.0% | •••• | Mumbai, Maharashtra, India |
| Detasons Construction and Finance Private Limited | ₹2.5 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Bhopal.(M.P.), Madhya Pradesh, India |
| Pancharatna Finance and Investment Limited. | ₹2.5 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Guwahati, Assam, India |
| Shree Govindam Finance Private Limited | ₹2.5 Cr (FY 2025) | •••• | •••• | 67.0% | •••• | Kankroli, Rajasthan, India |
| CC Commodity Info Services LLP | ₹2.49 Cr (FY 2021) | •••• | •••• | -8.0% | •••• | Mumbai, Maharashtra, India |
| Ethika Worklife Private Limited | ₹2.49 Cr (FY 2025) | •••• | •••• | 51.0% | •••• | Zaheerabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Firmway Services by revenue in the Ecommerce and Internet industry (Finance), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Firmway Services Private Limited
Firmway Services Private Limited is audited by N N K & Co. Chartered Accountants for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N N K & Co. Chartered Accountants | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Firmway Services Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Firmway Services Private Limited
Open charges
₹50 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Sep 2023 | Hdfc Bank Limited | ₹50 Lakh | Open |
Total charge records: 1 View all charges
Deals & Funding of Firmway Services Private Limited
Firmway Services Private Limited has 4 deals on record (2 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹74.8 Lakh; the latest was in January 2021.
Total deals
4
Rights issues
2
Funding round
1
Secondary share transfer
1
Disclosed funding
₹74.8 Lakh
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2021 | Funding round | ₹74.8 Lakh | Investors: Chokshi Training and Educational Services LLP , 3 individuals |
| Apr 2018 | Rights issue | ₹5.1 Lakh | Investors: 2 individuals Seller: an individual |
| Sep 2017 | Rights issue | ₹15 Lakh | Investors: 2 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
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Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Firmway Services Private Limited
Employment history and EPFO contributions of people linked to Firmway Services.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Firmway Services Private Limited
Firmway Services Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Prashant Pradeep Gupta was appointed as Director on 19 Jul 2016.
AGM
Firmway Services Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 50.00 Lakh registered on 06 Sep 2023 with Charge ID 100788150 was modified on 31 Aug 2024.
Filing
Firmway Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 50.00 Lakh with Charge ID 100788150 was registered on 06 Sep 2023.
Appointed
Prashant Pradeep Gupta was appointed as Director.
Appointed
Vivek Kishorbhai Chandan was appointed as Director.
Incorporation
19 Jul 2016
Firmway Services Private Limited was registered on 19 Jul 2016 with Roc Mumbai & aged 10 years 3 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Firmway Services Private Limited
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MSME Payment Delays by Firmway Services Private Limited
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Subsidiaries & Group Companies of Firmway Services Private Limited
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Corporate group structure
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GST Compliance of Firmway Services Private Limited
Firmway Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCF8827B1ZQ | Maharashtra | Active | 12 Aug 2017 |
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MCA Filings & Documents of Firmway Services Private Limited
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Related news about Firmway Services Private Limited
Frequently Asked Questions about Firmway Services Private Limited
Firmway Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in online financial services, within the internet industry. It was incorporated on 19 July 2016 (10+ years old) and is registered under CIN U72900MH2016PTC283841.
Firmway Services reported revenue of ₹2.51 Cr for FY 2024 (up 56% YoY).
Firmway Services has 2 current directors:
- Vivek Kishorbhai Chandan - Director
- Prashant Pradeep Gupta - Director
Firmway Services reported a net profit of ₹3.07 Lakh (net margin 1.2%) and EBITDA of ₹36.36 Lakh (EBITDA margin 14.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Firmway Services is 84% over three years and 124% over five years. In the latest year (FY 2024) revenue rose 56%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Firmway Services is 27AACCF8827B1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Firmway Services is U72900MH2016PTC283841. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Firmway Services was incorporated on 19 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Firmway Services has 4 deals on record (2 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹74.8 Lakh; the latest was in January 2021.
The peers of Firmway Services by revenue are Tri-Deep Leasing and Finance Limited, Rutu Investment & Finance Private Limited, Unnatim Payments Private Limited, Jiraaf Platform Private Limited, Venkateshwar Udyog & Finance Private Limited and 5 more, all in the Ecommerce and Internet industry (Finance).
Prashant Pradeep Gupta was appointed as Director on 19 Jul 2016. Vivek Kishorbhai Chandan was appointed as Director on 19 Jul 2016.