About Kwik Choice Private Limited
Data last updated:
Kwik Choice Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the online financial services segment of the internet and digital services sector. It was incorporated on 20 June 2013.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U50102MH2013PTC244710. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Ravi Pravinkumar Chandarana and Manshi Ravi Chandarana.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at A/202 Shree Vallabh Apts. Besides Kvsc Poinsur Gymkhana Rd. Kandivali (W), Mumbai, Maharashtra, India – 400067.
As per the financials filed for FY 2021, the company reported a revenue of ₹89,775, a decline of 97% compared to the previous year. For the same year it recorded a net loss of ₹2.01 Lakh (net margin -224%) and EBITDA of ₹11,494 (EBITDA margin 12.8%). Revenue has declined at a compounded annual rate (CAGR) of 71% over three years and 58% over five years.
The company had about 12 employees on its provident fund (EPFO) records before it was struck off.
As per MCA filings, the company had satisfied charges of ₹20 Lakh on record.
The last known website on record is kwikcomparison.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressA/202 Shree Vallabh Apts. Besides Kvsc Poinsur Gymkhana Rd. Kandivali (W), Mumbai, Maharashtra, India – 400067
- IndustryInternet, Online Financial Services
- 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
Auditor Details of Kwik Choice Private Limited
Kwik Choice Private Limited is audited by MANAN U SHAH & COMPANY for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MANAN U SHAH & COMPANY | 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 Kwik Choice Private Limited
Kwik Choice has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Pravinkumar Chandarana Also directs: Kwik Fix Auto Private Limited | Director | 20 Jun 2013 | 13 Years 3 Months | As last reported |
| Manshi Ravi Chandarana Also directs: Kwik Fix Auto Private Limited | Director | 20 Jun 2013 | 13 Years 3 Months | As last reported |
Financials of Kwik Choice Private Limited FY 2021 filings available
Kwik Choice Private Limited reported revenue of ₹89,775 (down 97% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Kwik Choice Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 58% over five years, including a 97% fall in the latest year. EBITDA rose 110% 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 Kwik Choice Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | ₹11,494 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.01 Lakh | •••• | •••• | •••• | •••• |
| 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 Kwik Choice Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -224% | •••• | •••• | •••• | •••• |
| 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 Kwik Choice are in the company report.
Financial statements from 2015
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.
Ownership and Shareholding of Kwik Choice 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 Kwik Choice Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Oct 2013 | Canara Bank | ₹20 Lakh | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Kwik Choice Private Limited
Kwik Choice Private Limited has a workforce of 12 employees as of Apr 05, 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.
GST Compliance of Kwik Choice Private Limited
Kwik Choice has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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.
Credit Ratings, Litigation & Regulatory Alerts for Kwik Choice 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.
MSME Payment Delays by Kwik Choice Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- 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 Kwik Choice 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.
MCA Filings & Documents of Kwik Choice 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.
Recent Activity on Kwik Choice Private Limited
Frequently Asked Questions about Kwik Choice Private Limited
Kwik Choice has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Kwik Choice was a private limited company based in Mumbai, Maharashtra, India. The company worked in online financial services, within the internet industry. It was incorporated on 20 June 2013 and is registered under CIN U50102MH2013PTC244710. The company has been struck off by the Registrar of Companies and is no longer operational.
Kwik Choice had 2 directors:
- Ravi Pravinkumar Chandarana - Director
- Manshi Ravi Chandarana - Director
The CIN (Corporate Identification Number) of Kwik Choice is U50102MH2013PTC244710. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Kwik Choice is at A202 Shree Vallabh Apts. Besides Kvsc Poinsur Gymkhana Rd. Kandivali W, Mumbai, Maharashtra, India – 400067.
Kwik Choice was incorporated on 20 June 2013. It is registered with the Registrar of Companies, Mumbai.
Kwik Choice can be reached through the website kwikcomparison.com. Its registered office is in Mumbai, Maharashtra, India.
Kwik Choice reported revenue of ₹89,775 for FY 2021 (down 97% YoY).
Kwik Choice has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.