About Mandi2market Traders Private Limited
Data last updated:
Mandi2market Traders Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Way2wealth Securities Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the financial services and investment segment of the financial services sector. It was incorporated on 27 July 2007.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U67190KA2007PTC043494. The company has 3 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹60 Lakh and a paid-up capital of ₹60 Lakh. It was formerly known as Way2Wealth Institutional Broking Private Limited and Way2Wealth Insurance Broking Private Limited. It was led by directors including Srinath Gidde Gowda Belisarae and Manjunatha Mastanappa Koppalolu.
Its last annual general meeting (AGM) was held on 25 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Ground Floor Frontline Grandeur No.14 Walton Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2018, the company reported a revenue of ₹31.11 Lakh, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹31.81 Lakh (net margin -102.3%) and EBITDA of -₹30.97 Lakh (EBITDA margin -99.5%). Revenue has declined at a compounded annual rate (CAGR) of 49% over three years.
The company had about 4 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹30 Cr on record.
The last known website on record is way2wealth.com.
Company details
Name history
Mandi2market Traders has undergone 2 name changes throughout its history. The company was previously known as Way2wealth Institutional Broking Private Limited, and Way2wealth Insurance Broking Private Limited. The current legal name is Mandi2Market Traders Private Limited.
| Company Name | Status |
|---|---|
| Mandi2market Traders Private Limited | Current |
| Way2wealth Institutional Broking Private Limited | Previous |
| Way2wealth Insurance Broking Private Limited | Previous |
CIN history
Mandi2market Traders has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U67190KA2007PTC043494, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67190KA2007PTC043494 | Current |
| U67110KA2007PTC043494 | Previous |
| U67120KA2007PTC043494 | Previous |
Contact details
Mandi2market Traders Private Limited's registered office is in Bangalore, Karnataka. Its website is way2wealth.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGround Floor Frontline Grandeur No.14 Walton Road, Bangalore, Karnataka, India – 560001
- IndustryFinancial Services, Financial Activities
To see the full contact details of Mandi2market Traders Private Limited, buy the company report.
- 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
Business activity
The main business activity of Mandi2market Traders is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Mandi2market Traders Private Limited, buy the company report.
Financials of Mandi2market Traders Private Limited
FY 2018 filings availableMandi2market Traders Private Limited reported revenue of ₹31.11 Lakh (down 98% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 49% over three years, including a 98% fall in the latest year. EBITDA fell 250% 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| 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 | -₹30.97 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹31.81 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -99.5% | |||
| Net Profit Margin | -102.3% | |||
| 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 | ||||
To see the full financial statements and ratios of Mandi2market Traders Private Limited, buy the company report.
Board of directors of Mandi2market Traders Private Limited
Mandi2market Traders has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srinath Gidde Gowda Belisarae Also directs: Parishodh LLP, Alphagrep Mutual Fund Trustee Private Limited | Director | 31 Oct 2007 | 18 Years 11 Months | As last reported |
| Manjunatha Mastanappa Koppalolu | Director | 08 Aug 2016 | 10 Years 2 Months | As last reported |
| Vinay Tiwary Also directs: Shriram Research Private Limited | Director | 08 Oct 2014 | 12 Years 0 Months | As last reported |
Peer comparison
Mandi2market Traders Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Six Sigma Securities Private Limited | ₹31.15 Lakh (FY 2024) | -93.0% | Alipurduuar, West Bengal, India | |||
| BMK Enterprises Limited | ₹31.13 Lakh (FY 2024) | -2.0% | Hyderabad, Telangana, India | |||
| Hare Krishna Realtors Private Limited | ₹31.13 Lakh (FY 2025) | 13.0% | Kolkata, West Bengal, India | |||
| A9 Avenue Capital Private Limited | ₹31.13 Lakh (FY 2025) | -83.0% | Mumbai, Maharashtra, India | |||
| Prabhat India Ltd | ₹31.12 Lakh (FY 2025) | -78.0% | Kolkata, West Bengal, India | |||
| Mandi2market Traders Private Limitedthis company | ₹31.11 Lakh (FY 2018) | -₹31.81 Lakh | -102.3% | -98.0% | 4 | Bangalore, Karnataka, India |
| Sukhsagar Realbuild Advisory Private Limited | ₹31.11 Lakh (FY 2017) | 16.0% | Kolkata, West Bengal, India | |||
| Sirulu Chit Funds Private Limited | ₹31.1 Lakh (FY 2022) | 5.0% | Warangal, Telangana, India | |||
| New Age Nidhi Limited | ₹31.08 Lakh (FY 2024) | 14.0% | Angamaly, Kerala, India | |||
| Finapple Nidhi Limited | ₹31.07 Lakh (FY 2025) | -16.0% | Sulthanbathery, Kerala, India | |||
| Bhrugav Debt Collection Solutions Private Limited | ₹31.07 Lakh (FY 2020) | -24.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Mandi2market Traders Private Limited, buy the company report.
Auditor
Mandi2market Traders Private Limited is audited by Sundaresha & Associates for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sundaresha & Associates | FY 2016 | 008012S |
Shareholding
The shareholding of Mandi2market Traders Private Limited is on record for FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Mandi2market Traders Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Jan 2012 | 10332281 | Idbi Trusteeship Services Limited | ₹30 Cr | Satisfied |
To see the full charge records of Mandi2market Traders Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Mandi2market Traders Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mandi2market Traders Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mandi2market Traders Private Limited has a workforce of 4 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Mandi2market Traders has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Mandi2market Traders Private Limited, buy the company report.
Recent activity
Mandi2market Traders Private Limited has 8 board changes on record since 2007: 3 appointments and 5 cessations. The latest: Manjunatha Mastanappa Koppalolu was appointed as Director on 08 Aug 2016.
1 earlier event is in the company report.
Frequently asked questions
Mandi2market Traders has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Mandi2market Traders was a private limited company based in Bangalore, Karnataka, India. The company worked in financial activities, within the financial services industry. It was incorporated on 27 July 2007 and is registered under CIN U67190KA2007PTC043494. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Mandi2market Traders was incorporated on 27 July 2007. It is registered with the Registrar of Companies, Bangalore.
Mandi2market Traders had 3 directors:
- Srinath Gidde Gowda Belisarae - Director
- Manjunatha Mastanappa Koppalolu - Director
- Vinay Tiwary - Director
The CIN (Corporate Identification Number) of Mandi2market Traders is U67190KA2007PTC043494. 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 Mandi2market Traders is at Ground Floor Frontline Grandeur No.14 Walton Road, Bangalore, Karnataka, India – 560001.
Mandi2market Traders can be reached through the website way2wealth.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Mandi2market Traders on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 25 September 2018. Year-wise statements from 2015 are in the company report.
No. Mandi2market Traders has 3 GST registrations on record and all of them are cancelled or inactive.
Mandi2market Traders operated in the financial services industry, in the financial activities segment.
The peers of Mandi2market Traders by revenue are Six Sigma Securities Private Limited, BMK Enterprises Limited, Hare Krishna Realtors Private Limited, A9 Avenue Capital Private Limited, Prabhat India Ltd and 5 more, all in the same principal business activity (other financial activities).