First Economy Private Limited - Company Profile

It is a information technology private limited company based in Mumbai, Maharashtra, India, established in 2012.
2012 Mumbai, Maharashtra, India Active
Last Updated:
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About First Economy Private Limited

First Economy Private Limited, a active private limited company, was established on 27 March 2012 in Mumbai, Maharashtra, India. Engaging in it consulting & support services within the information and communication sector, it holds CIN: U74120MH2012PTC228749. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹0.50 M and a paid-up capital of ₹0.10 M.

Formerly known as Ighar Solution Private Limited. It upholds a compliant status. Employing 47 professional, Its leadership includes Parth Amit Gandhi (Additional Director), Nilesh Sadashiv Chavan (Additional Director). Past directors included Vrajlal Talakshi Gala, Jigar Jitendra Zatakia, Gautam Vijay Udani. It holds ₹4.81 M open charges and no settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at 205 & 206, 2Nd Floor, Neelkanth Corporate It Park, Plot Nos. 240,240/1 To 8, Kirol Road, Vidyavihar West, Mumbai, Maharashtra, 400086.

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

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
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Company Details

  • CIN/LLPIN

    U74120MH2012PTC228749

  • Registration Number

    228749

  • Incorporation Date

    27 March 2012

  • Authorized Capital

    ₹0.50 M

  • Paid-Up Capital

    ₹0.10 M

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 0.50 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 13 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 4.81 M
  • Revenue Growth **** 66.74%
  • Profit Growth **** -9.45%
  • Ebitda **** -5.55%
  • Net Worth 51.80%
  • Total Assets **** 42.99%
Company report

First Economy Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into First Economy 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 Economy Private Limited?
Current Directors
Name Designation Appointment Date Status
Parth Amit Gandhi Additional Director 20 May 2024 Current
Nilesh Sadashiv Chavan Additional Director 14 Mar 2024 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 29 Jun 2012 Past
Pramod Abcsdd Director 12 Mar 2024 Past
Pramod Abcsdd Director 30 Jun 2014 Past
Pramod Abcsdd Additional Director 14 Mar 2024 Past
Pramod Abcsdd Additional Director 20 May 2024 Past
Pramod Abcsdd Director 20 Jun 2015 Past

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Financial Performance of First Economy.

First Economy Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 66.74% increase. The company also saw a slight decrease in profitability, with a 9.45% decrease in profit. The company's net worth Soared by an impressive increase of 51.8%.

First Economy revenue growth over time
First Economy 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
********
 66.74%
*******
*******
*******
*******
Revenue from Operations
*******
 66.57%
*******
*******
*******
*******
Total Assets
*******
 42.99%
*******
*******
*******
*******
Profit or Loss
*******
 -9.45%
*******
*******
*******
*******
Net Worth
*******
 51.80%
*******
*******
*******
*******
EBITDA
*******
 -5.55%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of First Economy?

In 2023, First Economy had a promoter holding of 100.00%. The company had 1 Subsidiary. 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

₹4,813,761.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • Axis Bank Limited : 0.40 Cr
  • Hdfc Bank Limited : 0.08 Cr
Latest Charge Details
Date Lender Amount Status
26 Apr 2021 Hdfc Bank Limited ₹0.81 M Open
26 Dec 2018 Axis Bank Limited ₹4.00 M Open

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How Many Employees Work at First Economy?

First Economy has a workforce of 47 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 Economy, 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 Economy'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 Economy
Recent Activity within the Organization
  • Annual General Meeting

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

  • Director Appointment

    Parth Amit Gandhi was appointed as a Additional Director was appointed as a Additional Director on 20 May 2024 & has been associated with this company since 1 year 8 months . was recorded as a recent event.

  • Balance Sheet

    First Economy Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was recorded as a recent event.

  • Director Appointment

    Progress on Nilesh Sadashiv Chavan was appointed as a Additional Director was appointed as a Additional Director on 14 Mar 2024 & has been associated with this company since 1 year 11 months . was documented.

  • Charges

    Progress on A charge with Hdfc Bank Limited amounted to Rs. 0.81 M with Charge ID 100441229 was registered on 26 Apr 2021. was documented.

  • Charges

    The activity A charge with Axis Bank Limited amounted to Rs. 4.00 M with Charge ID 100231606 was registered on 26 Dec 2018. was completed.

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

The CIN of First Economy Private Limited is U74120MH2012PTC228749.

Where is First Economy Private Limited headquartered?

First Economy Private Limited is headquartered at 205 & 206, 2Nd Floor, Neelkanth Corporate It Park, Plot Nos. 240,240/1 To 8, Kirol Road, Vidyavihar West, Mumbai, Maharashtra, 400086.

When was First Economy Private Limited incorporated?

First Economy Private Limited was incorporated on 27 March 2012.

Who are the current directors of First Economy Private Limited?

The current directors of First Economy Private Limited are

What is the primary industry of First Economy Private Limited?

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

Is First Economy Private Limited a listed company?

First Economy Private Limited is unlisted.

What is the capital structure of First Economy Private Limited?

The authorized capital of First Economy Private Limited is ₹0.50 M, and the paid-up capital is ₹0.10 M.

What is the compliance status of First Economy Private Limited?

The compliance status of First Economy Private Limited is Compliant.

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