MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0051017
First Credit ITES Private Limited
First Credit ITES Private Limited - information technology in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹56.06 Cr
▲ 37% YoY
Net profit · FY 2025
₹3.77 Cr
Net margin 6.7%
EBITDA · FY 2025
₹6.98 Cr
EBITDA margin 12.4%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹9.39 Cr
Satisfied ₹7.5 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
32
Provident fund records
About First Credit ITES Private Limited
Data last updated:
First Credit ITES Private Limited is a private limited company based in Thane, Maharashtra, India, a subsidiary of First Credit Service Inc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 11 March 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93000MH2010PTC200783. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1 Cr. It was formerly known as First Credit Ite Services Private Limited. It is led by directors Bharat Hariram Wadhwa and Rajesh Nandlal Chhabria.
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 Unit No 401 4th Floor Nitco Biz Park Plot No. C – 19, Road No. 16U Wagle Estate Thane West, Maharashtra, India – 400604.
As per the financials filed for FY 2025, the company reported a revenue of ₹56.06 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹3.77 Cr (net margin 6.7%) and EBITDA of ₹6.98 Cr (EBITDA margin 12.4%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 28% over five years.
The company has about 32 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹9.39 Cr and satisfied charges of ₹7.5 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
First Credit ITES Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0051017). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U93000MH2010PTC200783
Registration Number 200783
Incorporation Date 11 March 2010
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company First Credit Service Inc
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0051017
Recognitions & Rankings of First Credit ITES
Contact details
First Credit ITES Private Limited's registered office is in Thane, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressUnit No 401 4th Floor Nitco Biz Park Plot No. C – 19, Road No. 16U Wagle Estate Thane West, Maharashtra, India – 400604
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of First Credit ITES Private Limited, buy the company report.
Comprehensive company report
First Credit ITES 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of First Credit ITES is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of First Credit ITES Private Limited, buy the company report.
Financials of First Credit ITES Private Limited
FY 2024 filings availableFirst Credit ITES Private Limited reported revenue of ₹56.06 Cr (up 37% YoY) for FY 2025.
Revenue · FY 2025
₹56.06 Cr ▲ 37%
Net profit · FY 2025
₹3.77 Cr margin 6.7%
EBITDA · FY 2025
₹6.98 Cr margin 12.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 37%
3 years · compounded
▲ 35%
5 years · compounded
▲ 28%
EBITDA CAGR growth
1 year
▲ 53%
3 years · compounded
▲ 31%
5 years · compounded
▲ 52%
Revenue has grown at a compounded annual rate (CAGR) of 28% over five years, including 37% growth in the latest year. EBITDA rose 53% 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 |
|---|---|---|---|---|---|
| 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 | ₹6.98 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.77 Cr | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.4% | ||||
| Net Profit Margin | 6.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of First Credit ITES Private Limited, buy the company report.
Board of directors of First Credit ITES Private Limited
First Credit ITES has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharat Hariram Wadhwa Also directs: Ronas Fintech LLP, Revnnect Fintech Private Limited, Fit Realty Private Limited and 3 more | Director | 10 Sep 2011 | 15 Years 1 Months | Current |
| Rajesh Nandlal Chhabria Also directs: Ronas Fintech LLP, Revnnect Fintech Private Limited, Fit Realty Private Limited and 3 more | Director | 29 Sep 2012 | 14 Years 1 Months | Current |
Peer comparison
First Credit ITES Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Uei Electronics Private Limited | ₹56.33 Cr (FY 2024) | 0.0% | Bangalore, Karnataka, India | |||
| Naf Technology Services India Private Limited | ₹56.32 Cr (FY 2025) | 50.0% | Chennai, Tamil Nadu, India | |||
| Thomson Reuters South Asia Private Limited | ₹56.23 Cr (FY 2025) | 11.0% | Bengaluru, Karnataka, India | |||
| Patch Software Private Limited | ₹56.15 Cr (FY 2019) | 390.0% | Jaipur, Rajasthan, India | |||
| Ubico Networks Private Limited | ₹56.14 Cr (FY 2025) | 6.0% | Chennai, Tamil Nadu, India | |||
| First Credit ITES Private Limitedthis company | ₹56.06 Cr (FY 2025) | ₹3.77 Cr | 6.7% | 37.0% | 32 | Thane, Maharashtra, India |
| Coverstack Technologies Private Limited | ₹56 Cr (FY 2025) | 1698.0% | Mumbai, Maharashtra, India | |||
| Forrester Research India Private Limited | ₹55.99 Cr (FY 2025) | -7.0% | New Delhi, Delhi, India | |||
| Ihub Ntihac Foundation | ₹55.98 Cr (FY 2025) | -2.0% | Kanpur, Uttar Pradesh, India | |||
| Livquik Technology (India) Private Limited | ₹55.87 Cr (FY 2025) | 142.0% | Chennai, Tamil Nadu, India | |||
| Efficacy Worldwide Private Limited | ₹55.85 Cr (FY 2024) | 26.0% | Gurgaon, Haryana, India |
To see the full peer comparison of First Credit ITES Private Limited, buy the company report.
Auditor
First Credit ITES Private Limited is audited by HARISH HEGDE & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HARISH HEGDE & CO | FY 2023 | 128540W |
Shareholding
The shareholding of First Credit ITES Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of First Credit ITES Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.39 Cr
Satisfied charges
₹7.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Feb 2025 | 101060520 | Others | ₹81.5 Lakh | Open | |
| 24 Dec 2024 | 101028156 | Others | ₹7 Cr | Open | |
| 31 Aug 2024 | 100971034 | Others | ₹1.08 Cr | Open | |
| 07 Jan 2023 | 100727202 | Hdfc Bank Limited | ₹49.99 Lakh | Open | |
| 21 Apr 2022 | 100570184 | Axis Bank Limited | ₹4 Cr | Satisfied |
To see the full charge records of First Credit ITES Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
First Credit ITES Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss casess) | Filed against the company by Municipal Corporation K/E Ward, Mumbai | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP1) | Filed against the company by an individual | Disposed |
To see the full case history of First Credit ITES 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 First Credit ITES Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
First Credit ITES Private Limited has a workforce of 32 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
32
Active EPFO establishments
1
Employee growth
23.08%
GST
First Credit ITES has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of First Credit ITES Private Limited, buy the company report.
Recent activity
First Credit ITES Private Limited has 7 board changes on record since 2011: 2 appointments and 5 cessations. The latest: Nirmala Atmaram Rohra ceased to be Director on 18 Aug 2018.
Charges
A charge with Others amounted to Rs. 0.82 Cr with Charge ID 101060520 was registered on 27 Feb 2025.
Charges
A charge registered on 21 Apr 2022 via Charge ID 100570184 with Axis Bank Limited was fully satisfied on 14 Jan 2025.
Charges
A charge with Others amounted to Rs. 7.00 Cr with Charge ID 101028156 was registered on 24 Dec 2024.
AGM
First Credit Ites Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 1.08 Cr with Charge ID 100971034 was registered on 31 Aug 2024.
Charges
A charge with Axis Bank Limited of Rs. 4.00 Cr registered on 21 Apr 2022 with Charge ID 100570184 was modified on 18 May 2024.
Filing
First Credit Ites 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. 0.50 Cr with Charge ID 100727202 was registered on 07 Jan 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 4.00 Cr with Charge ID 100570184 was registered on 21 Apr 2022.
Ceased
Nirmala Atmaram Rohra ceased to be Director.
Charges
A charge registered on 28 Mar 2016 via Charge ID 100022727 with Axis Bank Limited was fully satisfied on 19 Apr 2018.
Charges
A charge with Axis Bank Limited of Rs. 1.50 Cr registered on 28 Mar 2016 with Charge ID 100022727 was modified on 27 Apr 2016.
10 earlier events are in the company report.
Frequently asked questions
First Credit ITES is an active private limited company based in Thane, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 11 March 2010 (16+ years old) and is registered under CIN U93000MH2010PTC200783.
First Credit ITES has 2 current directors:
- Bharat Hariram Wadhwa - Director
- Rajesh Nandlal Chhabria - Director
The latest financial statements of First Credit ITES 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.
No. First Credit ITES has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of First Credit ITES is U93000MH2010PTC200783. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
First Credit ITES has 2 court cases on record: 2 filed against it.
First Credit ITES was incorporated on 11 March 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of First Credit ITES by revenue are Uei Electronics Private Limited, Naf Technology Services India Private Limited, Thomson Reuters South Asia Private Limited, Patch Software Private Limited, Ubico Networks Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Nirmala Atmaram Rohra ceased to be Director on 18 Aug 2018. Divya Harish Hegde ceased to be Director on 31 Mar 2014. Umesh Chetanram Ranglani ceased to be Director on 15 Oct 2012. First Credit ITES has 7 board changes on record in total.
Yes, First Credit ITES is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0051017).
The registered office of First Credit ITES is at Unit No 401 4th Floor Nitco Biz Park Plot No. C – 19, Road No. 16U Wagle Estate Thane West, Maharashtra, India – 400604.