About First Economy Private Limited
Data last updated: 22 December 2025
First Economy Private Limited is a private limited company based in Mumbai, Maharashtra, India. It specialises in IT consulting and support services, a part of the broader technology and IT services sector. Incorporated on 27 March 2012, the company has been in operation for over 14 years.
Registered with ROC Mumbai under CIN U74120MH2012PTC228749.
Capital: an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. Formerly known as Ighar Solution Private Limited. It is led by directors Parth Amit Gandhi and Nilesh Sadashiv Chavan.
Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: 206 2Nd Floor Neelkanth Corporate It Park, Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹59.21 Cr, a decline of 21% compared to the previous year.
The company has a workforce of approximately 47 employees as per the latest available data. Its group structure includes 1 subsidiary.
The company is associated with 1 brand - First Economy. As per MCA filings, the company has open charges of ₹48.14 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website firsteconomy.com.
-
EmailLocked
-
TelephoneLocked
-
Website
-
Social MediaLocked
-
Registered Address205 & 206 2Nd Floor Neelkanth Corporate It Park, Plot Nos. 240 240/1 To 8 Kirol Road Vidyavihar West, Mumbai, Maharashtra, India – 400086
-
IndustryInformation Technology, IT Consulting & Support Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with First Economy Private Limited
First Economy Private Limited operates one associated brand: First Economy. These brands represent First Economy Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Digital marketing and application development services are provided globally. | firsteconomy.com |
Competitors & Alternatives of First Economy Private Limited
Brands and companies operating in the same space as First Economy Private Limited include S⁴Capital, Townsquare Media, Tinuiti and 5 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
S⁴Capital
|
Digital advertising and content marketing services are provided globally. | London, United Kingdom, United Kingdom | 2014 |
Townsquare Media
|
Media Company focused on radio broadcasting, live events, marketing solutions | Greenwich, United States, United States | 2010 |
Tinuiti
|
Digital marketing services including paid search and e-commerce are provided. | New York, United States, United States | 2004 |
Prophet
|
Brand and marketing consulting solutions provider | San Francisco, United States, United States | 1992 |
Advantage Solutions
|
Consumer packaged goods sales and digital marketing services are provided. | Irvine, United States, United States | 1987 |
Media.Monks
|
Digital marketing, advertising, and IT services are provided globally. | Hilversum, Netherlands, Netherlands | 2001 |
Amdocs
|
Cloud-based OSS and BSS solutions are provided to communications providers. | Chesterfield, United States, United States | 1982 |
Weimob
|
WeChat-based retail, marketing, and CRM solutions are provided to merchants. | Shanghai, China, China | 2013 |
Business Activity of First Economy Private Limited
First Economy Private Limited is engaged in the principal business activity of information and communication, with detailed activities including 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 |
Business activity turnover details for First Economy Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of First Economy Private Limited
First Economy Private Limited is audited by J Vipul & Associates for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| J Vipul & Associates | Locked | Locked | Locked |
Complete auditor history for First Economy Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of First Economy Private Limited
First Economy Private Limited is currently managed by 2 directors, with 9 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Parth Amit Gandhi
Also directs:
Ediffy Communication Private Limited
|
Additional Director | 20 May 2024 | 2 Years 3 Months | Current |
| Nilesh Sadashiv Chavan | Additional Director | 14 Mar 2024 | 2 Years 5 Months | Current |
Financials of First Economy Private Limited FY 2024 filings available
First Economy Private Limited reported revenue of ₹59.21 Cr (down 21.00% YoY) for FY 2024.
Ten-year financial statements for First Economy Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of First Economy Private Limited
Shareholding and ownership data for First Economy Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Group Structure of First Economy Private Limited
First Economy Private Limited has 1 subsidiary company. This group structure data is as of FY 2023. The corporate group structure reflects First Economy Private Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Lottics Solution Private Limited | U72300MH2012PTC227494 | Locked |
Showing major subsidiaries. Total: 1.
Charges & Borrowings of First Economy Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Apr 2021 | Hdfc Bank Limited | ₹8.14 Lakh | Open |
| 26 Dec 2018 | Axis Bank Limited | ₹40 Lakh | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at First Economy Private Limited
First Economy Private Limited has a workforce of 47 employees as of Apr 07, 2024.
Employee and EPFO history for First Economy Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of First Economy Private Limited
GST registrations and filing compliance for First Economy Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for First Economy Private Limited
Credit ratings, litigation, and regulatory alerts for First Economy Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by First Economy Private Limited
MSME payment history for First Economy Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of First Economy Private Limited
Corporate group structure for First Economy Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of First Economy Private Limited
MCA filings and documents for First Economy Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on First Economy Private Limited
Recent News on First Economy Private Limited
Frequently Asked Questions about First Economy Private Limited
First Economy Private Limited is an active private limited company in the information technology sector based in Mumbai, Maharashtra, India. It was incorporated on 27 March 2012 (14+ years old) and is registered under CIN U74120MH2012PTC228749. The company has 47 employees.
First Economy Private Limited reported revenue of ₹59.21 Cr for FY 2024 (down 21.00% YoY).
The current directors of First Economy Private Limited are:
- Parth Amit Gandhi - Additional Director
- Nilesh Sadashiv Chavan - Additional Director
The primary industry of First Economy Private Limited is information technology. The company specifically operates in IT consulting and support services. The company is currently active in this sector.
First Economy Private Limited can be reached at the registered office: 205 & 206 2Nd Floor Neelkanth Corporate It Park, Plot Nos. 240 2401 To 8 Kirol Road Vidyavihar West, Mumbai, Maharashtra, India – 400086, or through the website firsteconomy.com.
The authorised capital is ₹5 Lakh, and the paid-up capital is ₹1 Lakh.