First Credit Ites Private Limited - Company Profile

It is a information technology private limited company based in Thane, Maharashtra, India, established in 2010.
2010 Thane, Maharashtra, India Active
Last Updated:
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About First Credit Ites Private Limited

First Credit Ites Private Limited, a active private limited company, was established on 11 March 2010 in Thane, Maharashtra, India. Engaging in it consulting & support services within the information and communication sector, it holds CIN: U93000MH2010PTC200783. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹2.00 Cr and a paid-up capital of ₹1.00 Cr.

Formerly known as First Credit Ite Services Private Limited. It upholds a compliant status. Employing 32 professional, Its leadership includes Bharat Hariram Wadhwa (Director), Rajesh Nandlal Chhabria (Director). Past directors included Umesh Chetanram Ranglani, Fatima Anna Mcrae, Divya Harish Hegde. It holds ₹9.39 Cr open charges and ₹7.50 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Unit No 401, 4Th Floor, Nitco Biz Park, Plot No. C-19, Road No. 16U, Wagle Estate, Thane West, Thane, Maharashtra, 400604.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U93000MH2010PTC200783

  • Registration Number

    200783

  • Incorporation Date

    11 March 2010

  • Authorized Capital

    ₹2.00 Cr

  • Paid-Up Capital

    ₹1.00 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 1.00 Cr
  • Company Age 16 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 9.39 Cr
  • Satisfied Charges ₹ 7.50 Cr
  • Revenue Growth **** 37.31%
  • Profit Growth **** -1.72%
  • Ebitda **** 29.65%
  • Net Worth 26.93%
  • Total Assets **** 27.74%
Company report

First Credit Ites Private Limited

Company Report FY 2026-2027

Comprehensive Company Insights

Explore comprehensive insights into First Credit Ites Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at First Credit Ites Private Limited?
Current Directors
Name Designation Appointment Date Status
Bharat Hariram Wadhwa Director 10 Sep 2011 Current
Rajesh Nandlal Chhabria Director 29 Sep 2012 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 15 Oct 2012 Past
Pramod Abcsdd Director 15 Sep 2011 Past
Pramod Abcsdd Director 31 Mar 2014 Past
Pramod Abcsdd Director 18 Aug 2018 Past
Pramod Abcsdd Director 15 Sep 2011 Past

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Financial Performance of First Credit Ites.

First Credit Ites Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 37.31% increase. The company also saw a slight decrease in profitability, with a 1.72% decrease in profit. The company's net worth Soared by an impressive increase of 26.93%.

First Credit Ites revenue growth over time
First Credit Ites profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 37.31%
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Revenue from Operations
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 39.86%
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*******
Total Assets
*******
 27.74%
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*******
*******
*******
Profit or Loss
*******
 -1.72%
*******
*******
*******
*******
Net Worth
*******
 26.93%
*******
*******
*******
*******
EBITDA
*******
 29.65%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of First Credit Ites?

In 2023, First Credit Ites had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹93,899,000.00

Satisfied Charges

₹75,000,000.00

Charges Breakdown by Lending Institutions
  • Others : 8.89 Cr
  • Hdfc Bank Limited : 0.50 Cr
Latest Charge Details
Date Lender Amount Status
27 Feb 2025 Others ₹8.15 M Open
24 Dec 2024 Others ₹7.00 Cr Open
31 Aug 2024 Others ₹1.08 Cr Open
07 Jan 2023 Hdfc Bank Limited ₹5.00 M Open
21 Apr 2022 Axis Bank Limited ₹4.00 Cr Satisfied

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How Many Employees Work at First Credit Ites?

First Credit Ites has a workforce of 32 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of First Credit Ites, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped First Credit Ites's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on First Credit Ites
Recent Activity within the Organization
  • Charges

    A charge with Others amounted to Rs. 0.82 Cr with Charge ID 101060520 was registered on 27 Feb 2025. was recorded as a recent event.

  • Charges

    The activity A charge registered on 21 Apr 2022 via Charge ID 100570184 with Axis Bank Limited was fully satisfied on 14 Jan 2025. was completed.

  • Charges

    A charge with Others amounted to Rs. 7.00 Cr with Charge ID 101028156 was registered on 24 Dec 2024. was recorded as a recent event.

  • Annual General Meeting

    Progress on First Credit Ites Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was documented.

  • Charges

    The activity A charge with Others amounted to Rs. 1.08 Cr with Charge ID 100971034 was registered on 31 Aug 2024. was completed.

  • Charges

    The activity 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. was completed.

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Frequently Asked Questions
What is the CIN of First Credit Ites Private Limited?

The CIN of First Credit Ites Private Limited is U93000MH2010PTC200783.

Where is First Credit Ites Private Limited headquartered?

First Credit Ites Private Limited is headquartered at Unit No 401, 4Th Floor, Nitco Biz Park, Plot No. C-19, Road No. 16U, Wagle Estate, Thane West, Thane, Maharashtra, 400604.

When was First Credit Ites Private Limited incorporated?

First Credit Ites Private Limited was incorporated on 11 March 2010.

Who are the current directors of First Credit Ites Private Limited?

The current directors of First Credit Ites Private Limited are

What is the primary industry of First Credit Ites Private Limited?

The primary industry of First Credit Ites Private Limited is Information And Communication.

Is First Credit Ites Private Limited a listed company?

First Credit Ites Private Limited is unlisted.

What is the capital structure of First Credit Ites Private Limited?

The authorized capital of First Credit Ites Private Limited is ₹2.00 Cr, and the paid-up capital is ₹1.00 Cr.

What is the compliance status of First Credit Ites Private Limited?

The compliance status of First Credit Ites Private Limited is Compliant.

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