Midocean Wealth Time Services Private Limited
About Midocean Wealth Time Services Private Limited
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Midocean Wealth Time Services Private Limited is a private limited company based in Noida, Uttar Pradesh, India. It operates in the insurance brokerage and advisory segment of the financial services sector. It was incorporated on 12 April 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U74999UP2019PTC115837.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Anand Kumar Singh and Nitesh Bhardwaj.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Tower A 3rd Floor Plot No. 5 Efgh Tapasya Corp. Heights Sector 126, Noida, Uttar Pradesh, India – 201301.
As per the financials filed for FY 2022, the company reported a revenue of ₹16.9 Lakh, a decline of 32% compared to the previous year. For the same year it recorded a net profit of ₹2.85 Lakh (net margin 16.9%) and EBITDA of ₹2.87 Lakh (EBITDA margin 17%).
Company details
Contact details
Midocean Wealth Time Services Private Limited's registered office is in Noida, Uttar Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressTower A 3rd Floor Plot No. 5 Efgh Tapasya Corp. Heights Sector 126, Noida, Uttar Pradesh, India – 201301
- IndustryFinancial Services, Insurance Brokerage & Advisory
To see the full contact details of Midocean Wealth Time Services 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 Midocean Wealth Time Services is financial and insurance service. In detail, this covers life/non-life insurance and reinsurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K3 | Life/Non-life Insurance and Reinsurance activities |
To see the full business activity and turnover split of Midocean Wealth Time Services Private Limited, buy the company report.
Financials of Midocean Wealth Time Services Private Limited
FY 2022 filings availableMidocean Wealth Time Services Private Limited reported revenue of ₹16.9 Lakh (down 32% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 32% in the latest year. EBITDA rose 225% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹16.9 Lakh | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹2.87 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹2.85 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
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| Inventories | |||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 17% | ||
| Net Profit Margin | 16.9% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
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| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
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| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Midocean Wealth Time Services Private Limited, buy the company report.
Board of directors of Midocean Wealth Time Services Private Limited
Midocean Wealth Time Services has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anand Kumar Singh | Director | 12 Apr 2019 | 7 Years 6 Months | Current |
| Nitesh Bhardwaj | Director | 12 Apr 2019 | 7 Years 6 Months | Current |
Auditor
Midocean Wealth Time Services Private Limited is audited by G N N & COMPANY for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G N N & COMPANY | FY 2022 | 029075N |
Shareholding
The shareholding of Midocean Wealth Time Services Private Limited is on record for 2 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Midocean Wealth Time Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Midocean Wealth Time Services 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 Midocean Wealth Time Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Midocean Wealth Time Services Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Midocean Wealth Time Services Private Limited has 4 board changes on record since 2019: 3 appointments and 1 cessation. The latest: Neeraj Kumar ceased to be Director on 14 Jun 2024.
Frequently asked questions
Midocean Wealth Time Services is an active private limited company based in Noida, Uttar Pradesh, India. The company works in insurance brokerage and advisory, within the financial services industry. It was incorporated on 12 April 2019 (7+ years old) and is registered under CIN U74999UP2019PTC115837.
Midocean Wealth Time Services has 2 current directors:
- Anand Kumar Singh - Director
- Nitesh Bhardwaj - Director
The latest financial statements of Midocean Wealth Time Services on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2020 are in the company report.
The CIN (Corporate Identification Number) of Midocean Wealth Time Services is U74999UP2019PTC115837. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midocean Wealth Time Services was incorporated on 12 April 2019, making it 7+ years old. It is registered with the Registrar of Companies, Kanpur.
Neeraj Kumar ceased to be Director on 14 Jun 2024. Neeraj Kumar was appointed as Director on 10 Jun 2024. Anand Kumar Singh was appointed as Director on 12 Apr 2019. Midocean Wealth Time Services has 4 board changes on record in total.
The registered office of Midocean Wealth Time Services is at Tower A 3rd Floor Plot No. 5 Efgh Tapasya Corp. Heights Sector 126, Noida, Uttar Pradesh, India – 201301.
Midocean Wealth Time Services operates in the financial services industry, in the insurance brokerage and advisory segment.
Midocean Wealth Time Services can be reached at its registered office: Tower A 3rd Floor Plot No. 5 Efgh Tapasya Corp. Heights Sector 126, Noida, Uttar Pradesh, India – 201301.
Midocean Wealth Time Services is registered under the jurisdiction of the Registrar of Companies (ROC), Kanpur.
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