Mercury Wealth Management Private Limited
About Mercury Wealth Management Private Limited
Data last updated:
Mercury Wealth Management Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 12 December 2017.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2017PTC302806. Its GSTIN is 27AAECI7057G1ZF (Maharashtra).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.46 Cr. It was formerly known as Integrated Platform for Research & It Services Management Private Limited and Iprism Fintech Private Limited. It is led by directors including Vakati Balasubramanyam Reddy (Irp/Rp/Liquidator) and Aakash Bansal Kishan.
Its last annual general meeting (AGM) was held on 25 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 8/63 Anand Nagar Sahyog Chs Ltd.Service Service Road Santacruz (East), Mumbai, Maharashtra, India – 400055.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.04 Lakh, a growth of 25% compared to the previous year. For the same year it recorded a net loss of ₹21.1 Lakh (net margin -419%) and EBITDA of -₹20.47 Lakh (EBITDA margin -406.4%). Revenue has declined at a compounded annual rate (CAGR) of 47% over three years and 7% over five years.
Company details
Name history
Mercury Wealth Management has undergone 4 name changes throughout its history. The current legal name is Mercury Wealth Management Private Limited.
| Company Name | Status |
|---|---|
| Mercury Wealth Management Private Limited | Current |
| Integrated Platform For Research & It Services Management Private Limited | Previous |
| Iprism Fintech Private Limited | Previous |
| Iprism Infotech Private Limited | Previous |
| Iprism Private Limited | Previous |
Contact details
Mercury Wealth Management Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered Address8/63 Anand Nagar Sahyog Chs Ltd.Service Service Road Santacruz (East), Mumbai, Maharashtra, India – 400055
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Mercury Wealth Management 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
Financials of Mercury Wealth Management Private Limited
FY 2024 filings availableMercury Wealth Management Private Limited reported revenue of ₹5.04 Lakh (up 25% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 25% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA fell 750% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹20.47 Lakh | ||||
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| Net Profit (PAT) | -₹21.1 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -406.4% | ||||
| Net Profit Margin | -419% | ||||
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To see the full financial statements and ratios of Mercury Wealth Management Private Limited, buy the company report.
Board of directors of Mercury Wealth Management Private Limited
Mercury Wealth Management has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vakati Balasubramanyam Reddy Also directs: Orangee Dot Multiventures Private Limited | Irp/Rp/Liquidator | 24 Oct 2024 | 2 Years 0 Months | As last reported |
| Aakash Bansal Kishan Also directs: Midasx Marketplace Private Limited, Vijya Fintech Private Limited | Director | 21 Jan 2021 | 5 Years 9 Months | As last reported |
| Dharmesh Shantilal Desai | Director | 12 Dec 2017 | 8 Years 10 Months | As last reported |
| Anil Desai | Director | 12 Dec 2017 | 8 Years 10 Months | As last reported |
| Rajesh Paresh Soni Also directs: Midasx Marketplace Private Limited, Vijya Fintech Private Limited | Director | 21 Jan 2021 | 5 Years 9 Months | As last reported |
Auditor
Mercury Wealth Management Private Limited is audited by RANKA & ROONGTA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RANKA & ROONGTA & CO. | FY 2023 | 121139W |
Shareholding
The shareholding of Mercury Wealth Management Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mercury Wealth Management Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mercury Wealth Management 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
Mercury Wealth Management Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2021, listing 21 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Unosource Consultants Private Limited |
To see the full MSME payment records of Mercury Wealth Management Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Mercury Wealth Management has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECI7057G1ZF | Maharashtra | Active | 28 Jun 2018 |
To see the full GST registrations and return filing status of Mercury Wealth Management Private Limited, buy the company report.
Recent activity
Mercury Wealth Management Private Limited has 10 board changes on record since 2017: 5 appointments and 5 cessations. The latest: Vakati Balasubramanyam Reddy was appointed as Irp/Rp/Liquidator on 24 Oct 2024.
1 earlier event is in the company report.
Frequently asked questions
Mercury Wealth Management is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Mercury Wealth Management is a company under liquidation, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 12 December 2017 and is registered under CIN U74999MH2017PTC302806. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Mercury Wealth Management has 5 current directors:
- Aakash Bansal Kishan - Director
- Dharmesh Shantilal Desai - Director
- Anil Desai - Director
- Rajesh Paresh Soni - Director
- Vakati Balasubramanyam Reddy - Irp/Rp/Liquidator
The latest financial statements of Mercury Wealth Management on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 25 September 2024. Year-wise statements from FY 2018 are in the company report.
The CIN (Corporate Identification Number) of Mercury Wealth Management is U74999MH2017PTC302806. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mercury Wealth Management was incorporated on 12 December 2017. It is registered with the Registrar of Companies, Mumbai.
Vakati Balasubramanyam Reddy was appointed as Irp/Rp/Liquidator on 24 Oct 2024. Aakash Bansal Kishan was appointed as Director on 21 Jan 2021. Rajesh Paresh Soni was appointed as Director on 21 Jan 2021. Mercury Wealth Management has 10 board changes on record in total.
Mercury Wealth Management has 2 MSME Form 1 returns on record for the period ending Sep 2021, listing 21 overdue payments to 1 micro and small supplier. The latest return was filed on 30 Oct 2021.
The registered office of Mercury Wealth Management is at 863 Anand Nagar Sahyog Chs Ltd.Service Service Road Santacruz East, Mumbai, Maharashtra, India – 400055.
The GSTIN of Mercury Wealth Management is 27AAECI7057G1ZF, registered in Maharashtra.
Mercury Wealth Management operates in the information technology industry, in the application development and software solutions segment.
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