MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-PB-12-0045298
Up Money Limited - financial services in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹130.1 Cr
▲ 21% YoY
Net profit · FY 2024
₹11.84 Cr
Net margin 9.1%
EBITDA · FY 2024
₹76.93 Cr
EBITDA margin 59.1%
Authorised capital
₹50 Cr
Registered with MCA
Paid-up capital
₹48.39 Cr
Issued & subscribed
Open charges
₹642.69 Cr
Satisfied ₹899.69 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
613
Provident fund records
About Up Money Limited
Data last updated:
Up Money Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 06 February 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U65921PB1995PLC015742. Its GSTIN is 03AABCS8745E1ZH (Punjab). The company holds 7 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹48.39 Cr. It was formerly known as Sukhjit Finance Ltd. It is led by directors including Ajit Singh Chawla (Managing Director) and Sumel Singh Chawla (Whole-Time Director).
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 13 & 23 Nehru Sidhant Kendra Feroze Gandhi Market, Ludhiana, Punjab, India – 141001.
As per the financials filed for FY 2024, the company reported a revenue of ₹130.1 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹11.84 Cr (net margin 9.1%) and EBITDA of ₹76.93 Cr (EBITDA margin 59.1%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 17% over five years.
The company has about 613 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Up Money. As per MCA filings, the company has open charges of ₹642.69 Cr and satisfied charges of ₹899.69 Cr on record. Court records list 5,728 cases involving the company, including 5,630 filed by the company and 98 filed against it; 3,631 cases are pending. The company has 5 deals on record (5 debt financings), with disclosed funding of ₹40 Cr; the latest was in March 2025. Its 6 peer companies in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 4 smaller; the largest is Arthmate Financing India Private Limited with revenue of ₹132.29 Cr.
Up Money Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0045298). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website upmoney.in.
Company details
CIN U65921PB1995PLC015742
Registration Number 015742
Incorporation Date 06 February 1995
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-PB-12-0045298
CIN history
Up Money has one previous CIN (Corporate Identification Number): L65921PB1995PLC015742. The current CIN is U65921PB1995PLC015742, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65921PB1995PLC015742 | Current |
| L65921PB1995PLC015742 | Previous |
Key People
Ajit Singh Chawla Managing Director Sumel Singh Chawla Whole-Time Director Parveen Kaur Chawla Director Recognitions & Rankings of Up Money
Contact details
Up Money Limited's registered office is in Ludhiana, Punjab. Its website is upmoney.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address13 & 23 Nehru Sidhant Kendra Feroze Gandhi Market, Ludhiana, Punjab, India – 141001
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Up Money Limited, buy the company report.
Comprehensive company report
Up Money Limited - one report that includes everything
- 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
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Brands
Up Money operates one associated brand: Up Money. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Loan products are offered to rural and semi-urban customers. | upmoney.in |
Business activity
The main business activity of Up Money 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 Up Money Limited, buy the company report.
Financials of Up Money Limited
FY 2025 filings availableUp Money Limited reported revenue of ₹130.1 Cr (up 21% YoY) for FY 2024.
Revenue · FY 2024
₹130.1 Cr ▲ 21%
Net profit · FY 2024
₹11.84 Cr margin 9.1%
EBITDA · FY 2024
₹76.93 Cr margin 59.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 21%
3 years · compounded
▲ 14%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▲ 29%
3 years · compounded
▲ 22%
5 years · compounded
▲ 17%
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 21% growth in the latest year. EBITDA rose 29% 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 |
|---|---|---|---|---|---|
| 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 | ₹76.93 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.84 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 59.1% | ||||
| Net Profit Margin | 9.1% | ||||
| 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 Up Money Limited, buy the company report.
Board of directors of Up Money Limited
Up Money has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajit Singh Chawla | Managing Director | 29 Sep 2015 | 11 Years 1 Months | Current |
| Sumel Singh Chawla | Whole-Time Director | 01 Jul 2017 | 9 Years 4 Months | Current |
| Parveen Kaur Chawla Also directs: Up Housing Development Private Limited | Director | 02 Feb 2016 | 10 Years 9 Months | Current |
| Khushvinder Bir Singh Also directs: Parmeshwari Silk Mills Limited, Munish Forge Limited | Director | 24 Sep 2020 | 6 Years 1 Months | Current |
Peer comparison
Up Money Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies), with 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 |
|---|---|---|---|---|---|---|
| Arthmate Financing India Private Limited | ₹132.29 Cr (FY 2023) | 37.0% | Kolkata, West Bengal, India | |||
| Lend Lease Company (India) Limited | ₹131.98 Cr (FY 2025) | 296.0% | Kolkata, West Bengal, India | |||
| Up Money Limitedthis company | ₹130.1 Cr (FY 2024) | ₹11.84 Cr | 9.1% | 21.0% | 613 | Ludhiana, Punjab, India |
| Mirae Asset Financial Services (India) Private Limited | ₹130.01 Cr (FY 2025) | 81.0% | Mumbai, Maharashtra, India | |||
| Jalan Chemical Industries Pvt Ltd | ₹129.78 Cr (FY 2022) | -42.0% | West Bengal, India | |||
| A T Invofin India Private Limited | ₹129.47 Cr (FY 2025) | -28.0% | New Delhi, Delhi, India | |||
| Af-Taab Investment Company Limited | ₹128.39 Cr (FY 2018) | -32.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Up Money Limited, buy the company report.
Auditor
Up Money Limited is audited by Goyal Sanjay & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Goyal Sanjay & Associates | FY 2023 | 010083N |
Shareholding
The shareholding of Up Money 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 Up Money Limited, buy the company report.
Charges & borrowings
Open charges
₹642.69 Cr
Satisfied charges
₹899.69 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jul 2025 | 101138937 | Indian Overseas Bank | ₹25 Cr | Open | |
| 28 Jul 2025 | 101135146 | Others | ₹2 Cr | Open | |
| 19 Jul 2025 | 101135150 | Others | ₹7.5 Cr | Open | |
| 26 Jun 2025 | 101117457 | Others | ₹3 Cr | Open | |
| 31 May 2025 | 101105074 | Others | ₹5 Cr | Open |
To see the full charge records of Up Money Limited, buy the company report.
Total charge records: 282 View all charges
Deals & funding
Up Money Limited has 5 deals on record (5 debt financings), with disclosed funding of ₹40 Cr; the latest was in March 2025.
Total deals
5
Debt financings
5
Disclosed funding
₹40 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Debt financing | ₹10 Cr | Investors: Blacksoil Group |
| Jun 2023 | Debt financing | ₹10 Cr | Investors: Blacksoil Group |
| Nov 2022 | Debt financing | ₹10 Cr | Investors: Blacksoil Group |
| Mar 2022 | Debt financing | ₹5 Cr | Investors: Blacksoil Group |
| Mar 2021 | Debt financing | ₹5 Cr | Investors: Blacksoil Group |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Up Money Limited has 5,728 court cases on record: 5,630 filed by Up Money, 98 filed against it. 3,631 cases are pending and 2,097 are disposed.
Total cases
5,728
Filed by the company
5,630
Filed against the company
98
Pending
3,631
Disposed
2,097
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5,708 | 80 | 3,619 |
| High courts | 18 | 16 | 10 |
| Supreme Court | 2 | 2 | 2 |
Cases on record (5 of 5,728)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Moneywise Financial Services Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed against the company by Blacksoil Capital Private Limited | Pending |
| High Court of Andhra Pradesh | Arbitration matter | Filed against the company by M/S Ikf Finance Limited | Pending |
| District court, Chennai, Tamil Nadu | Criminal case | Filed against the company by Hinduja Leyland Finance Limited | Pending |
| District court, Chandigarh | Cheque dishonour complaint | Filed against the company by M/S Shriram Finance Limited | Pending |
To see the full case history of Up Money Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Up Money Limited was last rated by Brickwork on 23 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 23 Dec 2021 |
To see the full credit ratings and regulatory alerts of Up Money Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Up Money Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Up Money Limited has a workforce of 613 employees on its EPFO records as of Oct 11, 2025, across 1 active EPFO establishment.
Employee count
613
Active EPFO establishments
1
Employee growth
-14.15%
GST
Up Money has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.
Total GSTINs
7
Active
7
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCS8745E1ZH | Punjab | Active | 01 Jul 2017 |
| 04AABCS8745E1ZF | Chandigarh | Active | 01 Aug 2017 |
| 06AABCS8745E1ZB | Haryana | Active | 08 May 2018 |
| 08AABCS8745E1Z7 | Rajasthan | Active | 20 Mar 2019 |
To see the full GST registrations and return filing status of Up Money Limited, buy the company report.
Recent activity
Up Money Limited has 22 board changes on record since 1995: 13 appointments and 9 cessations. The latest: Priyanka Chawla ceased to be Director on 01 Oct 2025.
Charges
A charge registered on 20 Oct 2023 via Charge ID 100804918 with Others was fully satisfied on 26 Nov 2025.
Charges
A charge registered on 08 Aug 2024 via Charge ID 100980296 with Others was fully satisfied on 06 Nov 2025.
Charges
A charge registered on 20 Jun 2024 via Charge ID 100936733 with Others was fully satisfied on 15 Oct 2025.
Charges
A charge registered on 14 Feb 2023 via Charge ID 100683058 with Tata Capital Financial Services Limited was fully satisfied on 15 Oct 2025.
Charges
A charge registered on 02 Jun 2022 via Charge ID 100582588 with Tata Capital Financial Services Limited was fully satisfied on 15 Oct 2025.
Ceased
Priyanka Chawla ceased to be Director.
AGM
Up Money Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 27 Jun 2022 via Charge ID 100598059 with Others was fully satisfied on 16 Sep 2025.
Charges
A charge with Others of Rs. 5.00 Cr registered on 22 Oct 2024 with Charge ID 100994714 was modified on 18 Aug 2025.
Ceased
Kirandeep Kaur ceased to be Director.
Charges
A charge with Indian Overseas Bank amounted to Rs. 25.00 Cr with Charge ID 101138937 was registered on 30 Jul 2025.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 101135146 was registered on 28 Jul 2025.
505 earlier events are in the company report.
Frequently asked questions
Up Money is an active public limited company based in Ludhiana, Punjab, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 06 February 1995 (31+ years old) and is registered under CIN U65921PB1995PLC015742.
Up Money has 4 current directors:
- Ajit Singh Chawla - Managing Director
- Sumel Singh Chawla - Whole-Time Director
- Parveen Kaur Chawla - Director
- Khushvinder Bir Singh - Director
The latest financial statements of Up Money on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Up Money is 03AABCS8745E1ZH, registered in Punjab. The company has 7 GST registrations in all, of which 7 are active. Other active GSTINs include 04AABCS8745E1ZF (Chandigarh), 06AABCS8745E1ZB (Haryana), 08AABCS8745E1Z7 (Rajasthan).
The CIN (Corporate Identification Number) of Up Money is U65921PB1995PLC015742. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Up Money has 5,728 court cases on record: 5,630 filed by the company and 98 filed against it. 3,631 are pending. Most are in the district courts.
Up Money was incorporated on 06 February 1995, making it 31+ years old. It is registered with the Registrar of Companies, Chandigarh.
Up Money has 5 deals on record (5 debt financings), with disclosed funding of ₹40 Cr; the latest was in March 2025.
The peers of Up Money by revenue are Arthmate Financing India Private Limited, Lend Lease Company (India) Limited, Mirae Asset Financial Services (India) Private Limited, Jalan Chemical Industries Pvt Ltd, A T Invofin India Private Limited and 1 more, all in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities).
Priyanka Chawla ceased to be Director on 01 Oct 2025. Kirandeep Kaur ceased to be Director on 01 Aug 2025. Khushvinder Bir Singh was appointed as Director on 24 Sep 2020. Up Money has 22 board changes on record in total.
Yes, Up Money is registered as a medium enterprise under Udyam registration (number: UDYAM-PB-12-0045298).
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