About Incred Wealth Private Limited
Data last updated:
Incred Wealth Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the financial product distributors segment of the financial services sector. It was incorporated on 20 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2019PTC325577. Its GSTIN is 27AAFCI2798R1ZL (Maharashtra). The company holds 7 GST registrations, all of them active.
The company has an authorised share capital of ₹6 Lakh and a paid-up capital of ₹5.15 Lakh. It was formerly known as Incred Capital Inclusion Advisory Services Private Limited. It is led by directors Kamlesh Rajaninath Dangi and Bhupinder Singh.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹231.24 Cr, a growth of 44% compared to the previous year. For the same year it recorded a net profit of ₹76.25 Cr (net margin 33%) and EBITDA of ₹135.31 Cr (EBITDA margin 58.5%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 205% over five years.
The company has about 4 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: InCred Wealth. As per MCA filings, the company has open charges of ₹25 Cr on record. The company has 2 deals on record (2 secondary share transfers); the latest was in June 2021. Its 10 peer companies in the BFSI industry (Financial Instrument Distributors) are compared by revenue, 5 larger and 5 smaller; the largest is Exim Trade Service Private Limited with revenue of ₹450.07 Cr. The company has 3 MSME Form 1 returns on record between 2022 and 2023, listing 3 overdue payments to 2 micro and small suppliers.
For more details, the company can be reached via its website incredwealth.com.
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- TelephoneLocked
- Website
- Social Media
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- Registered AddressUnit No. 1203 12th Floor B Wing The Capital Plot No. C – 70 G Block B, Kc, Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, Financial Product Distributors
- 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
- One PDF report, delivered after checkout
Business Activity of Incred Wealth Private Limited
The main business activity of Incred Wealth is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services and other financial activities. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | Locked |
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Incred Wealth Private Limited FY 2025 filings available
Incred Wealth Private Limited reported revenue of ₹231.24 Cr (up 44% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Incred Wealth Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 205% over five years, including 44% growth in the latest year. EBITDA rose 24% 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 Incred Wealth Private Limited
| 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 | ₹135.31 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹76.25 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 of Incred Wealth Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 58.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 33% | •••• | •••• | •••• | •••• |
| 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 Incred Wealth are in the company report.
Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Incred Wealth Private Limited
Incred Wealth Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Financial Instrument Distributors). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Exim Trade Service Private Limited | ₹450.07 Cr (FY 2025) | •••• | •••• | 64.0% | •••• | Kolkata, West Bengal, India |
| Incred Wealth and Investment Services Private Limited | ₹350.92 Cr (FY 2025) | •••• | •••• | 72.0% | •••• | Mumbai, Maharashtra, India |
| Nuvama Wealth and Investment Limited | ₹336.3 Cr (FY 2018) | •••• | •••• | 51.0% | •••• | Mumbai, Maharashtra, India |
| Piramal Finance Sales and Service Private Limited | ₹255.68 Cr (FY 2023) | •••• | •••• | 365.0% | •••• | Mumbai, Maharashtra, India |
| Ask Wealth Advisors Private Limited | ₹234.75 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Mumbai, Maharashtra, India |
| Incred Wealth Private Limited this company | ₹231.24 Cr (FY 2025) | •••• | •••• | 44.0% | •••• | Mumbai, Maharashtra, India |
| Pivotal Enterprises Private Limited | ₹214.68 Cr (FY 2025) | •••• | •••• | 64.0% | •••• | Mumbai, Maharashtra, India |
| Realvalue Finloan Services Private Limited | ₹201.13 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Mumbai, Maharashtra, India |
| Kapileshwar Development Private Limited | ₹192.08 Cr (FY 2021) | •••• | •••• | 461.0% | •••• | Kolkata, West Bengal, India |
| Ubi Services Limited | ₹185.36 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Thane, Maharashtra, India |
| I Money Wallet Private Limited | ₹165.06 Cr (FY 2025) | •••• | •••• | 72.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Incred Wealth by revenue in the BFSI industry (Financial Instrument Distributors), 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 Incred Wealth Private Limited
Incred Wealth Private Limited is audited by S. R. Batliboi & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S. R. Batliboi & Associates LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Incred Wealth Private Limited
Incred Wealth has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamlesh Rajaninath Dangi Also directs: Incred Value Plus Private Limited, Incred Finserv Private Limited | Director | 15 Jan 2020 | 6 Years 8 Months | Current |
| Bhupinder Singh Also directs: Incred Finserv Private Limited, Naab Restaurant LLP, Bhajji Da Dhaba Hospitality Private Limited and 5 more | Director | 01 Nov 2019 | 6 Years 11 Months | Current |
Ownership and Shareholding of Incred Wealth Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Incred Wealth Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Jun 2025 | Others | ₹25 Cr | Open |
Total charge records: 1 View all charges
Deals & Funding of Incred Wealth Private Limited
Incred Wealth Private Limited has 2 deals on record (2 secondary share transfers); the latest was in June 2021.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2021 | Secondary share transfer | Undisclosed | Buyer: MV Capital Partners, 2 individuals Seller: an individual |
| Oct 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Incred Capital Financial Services Private Limited, an individual |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Incred Wealth Private Limited
Incred Wealth Private Limited has 3 MSME Form 1 returns on record between 2022 and 2023, listing 3 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ecos (India) Mobility & Hospitality Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Incred Wealth Private Limited
Incred Wealth operates one associated brand: InCred Wealth. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial planning and wealth management services are provided to clients. | incredwealth.com |
Employees and EPFO Compliance at Incred Wealth Private Limited
Incred Wealth Private Limited has a workforce of 4 employees as of Mar 28, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Incred Wealth Private Limited
Incred Wealth has 2 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Incred Research Services Private Limited | U74999MH2016PTC287535 | Locked |
| Incred Capital Wealth Portfolio Managers Private Limited | U74999MH2018PTC305048 | Locked |
Showing major subsidiaries. Total: 2.
News related to Incred Wealth Private Limited
Recent Activity on Incred Wealth Private Limited
Incred Wealth Private Limited has 8 board changes on record since 2019: 5 appointments and 3 cessations. The latest: Prashant Anand Bhonsle ceased to be Director on 29 Apr 2021.
Credit Ratings, Litigation & Regulatory Alerts for Incred Wealth Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Incred Wealth Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Incred Wealth Private Limited
Incred Wealth has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCI2798R1ZL | Maharashtra | Active | 11 Dec 2019 |
| 07AAFCI2798R1ZN | Delhi | Active | 02 Jan 2020 |
| 29AAFCI2798R1ZH | Karnataka | Active | 02 Jan 2020 |
| 33AAFCI2798R1ZS | Tamil Nadu | Active | 05 Sep 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Incred Wealth Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Incred Wealth Private Limited
Incred Wealth is an active private limited company based in Mumbai, Maharashtra, India. The company works in financial product distributors, within the financial services industry. It was incorporated on 20 May 2019 (7+ years old) and is registered under CIN U67190MH2019PTC325577.
Incred Wealth reported revenue of ₹231.24 Cr for FY 2025 (up 44% YoY).
Incred Wealth has 2 current directors:
- Kamlesh Rajaninath Dangi - Director
- Bhupinder Singh - Director
Incred Wealth reported a net profit of ₹76.25 Cr (net margin 33%) and EBITDA of ₹135.31 Cr (EBITDA margin 58.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Incred Wealth is 29% over three years and 205% over five years. In the latest year (FY 2025) revenue rose 44%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Incred Wealth is 27AAFCI2798R1ZL, registered in Maharashtra. The company has 7 GST registrations in all, of which 7 are active. Other active GSTINs include 07AAFCI2798R1ZN (Delhi), 29AAFCI2798R1ZH (Karnataka), 33AAFCI2798R1ZS (Tamil Nadu).
The CIN (Corporate Identification Number) of Incred Wealth is U67190MH2019PTC325577. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Incred Wealth was incorporated on 20 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Incred Wealth has 2 deals on record (2 secondary share transfers); the latest was in June 2021.
The peers of Incred Wealth by revenue are Exim Trade Service Private Limited, Incred Wealth and Investment Services Private Limited, Nuvama Wealth and Investment Limited, Piramal Finance Sales and Service Private Limited, Ask Wealth Advisors Private Limited and 5 more, all in the BFSI industry (Financial Instrument Distributors).
Prashant Anand Bhonsle ceased to be Director on 29 Apr 2021. Saurabh Jhalaria ceased to be Director on 17 Jan 2020. Kamlesh Rajaninath Dangi was appointed as Director on 15 Jan 2020. Incred Wealth has 8 board changes on record in total.
Incred Wealth has 3 MSME Form 1 returns on record between 2022 and 2023, listing 3 overdue payments to 2 micro and small suppliers. The latest return was filed on 26 Aug 2023.