Networth Wealth Solutions Limited
About Networth Wealth Solutions Limited
Data last updated:
Networth Wealth Solutions Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Monarch Networth Capital 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 brokerage segment of the financial services sector. It was incorporated on 29 February 2008.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH2008PLC179566. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹5 Cr and a paid-up capital of ₹1 Cr. It was led by directors including Shailen Ramesh Shah and Jayshree Babulal Ghodadra.
Its last annual general meeting (AGM) was held on 27 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2018, the company reported a revenue of ₹78.17 Lakh, a growth of 127% compared to the previous year. For the same year it recorded a net profit of ₹28.1 Lakh (net margin 35.9%) and EBITDA of ₹44.01 Lakh (EBITDA margin 56.3%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years.
The company had about 2 employees on its provident fund (EPFO) records before it was dissolved.
Court records list 2 cases involving the company, including 2 filed against it.
Company details
Contact details
Networth Wealth Solutions 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 AddressOffice No.901/902 9th Floor Atlanta Centre Opp.Udyog Bhavan Sonawala Road Goregao, N (East), Mumbai, Maharashtra, India – 400063
- IndustryFinancial Services, Financial Brokerage, Advisory, Consultancy
To see the full contact details of Networth Wealth Solutions 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 Networth Wealth Solutions is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Networth Wealth Solutions Limited, buy the company report.
Financials of Networth Wealth Solutions Limited
FY 2018 filings availableNetworth Wealth Solutions Limited reported revenue of ₹78.17 Lakh (up 127% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 127% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 26%. EBITDA rose 573% 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 |
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| EBITDA | ₹44.01 Lakh | |||
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| Tax Expense | ||||
| Net Profit (PAT) | ₹28.1 Lakh | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 56.3% | |||
| Net Profit Margin | 35.9% | |||
| Return on Equity (ROE) | ||||
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To see the full financial statements and ratios of Networth Wealth Solutions Limited, buy the company report.
Board of directors of Networth Wealth Solutions Limited
Networth Wealth Solutions has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shailen Ramesh Shah Also directs: Monarch Networth Finserve Private Limited, Networth Financial Services Limited, Monarch Networth Trustee Private Limited and 2 more | Director | 30 Oct 2015 | 10 Years 11 Months | As last reported |
| Jayshree Babulal Ghodadra Also directs: Networth Financial Services Limited | Director | 27 Jun 2014 | 12 Years 3 Months | As last reported |
| Randhir Singh Sisodiya Also directs: Siso Infynex Technologies Private Limited | Director | 24 May 2012 | 14 Years 5 Months | As last reported |
Peer comparison
Networth Wealth Solutions Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Alchemy Corporate Services Private Limited | ₹78.39 Lakh (FY 2025) | -8.0% | Jaipur, Rajasthan, India | |||
| Agile Insurance Brokers Private Limited | ₹78.3 Lakh (FY 2024) | 25.0% | New Delhi, Delhi, India | |||
| BKC Fintax Solutions Private Limited | ₹78.29 Lakh (FY 2024) | 13.0% | Kadavanthra, Kerala, India | |||
| V-Rise Comtrade Private Limited | ₹78.25 Lakh (FY 2019) | -12.0% | Mumbai, Maharashtra, India | |||
| Vinayak Equity Broker India Private Limited | ₹78.21 Lakh (FY 2025) | 34.0% | Indore, Madhya Pradesh, India | |||
| Networth Wealth Solutions Limitedthis company | ₹78.17 Lakh (FY 2018) | ₹28.1 Lakh | 35.9% | 127.0% | 2 | Mumbai, Maharashtra, India |
| VKJ Consultants Private Limited | ₹78.15 Lakh (FY 2025) | 14.0% | New Delhi, Delhi, India | |||
| Sur Management Services Private Limited | ₹78.11 Lakh (FY 2024) | 285.0% | Ahmedabad, Gujarat, India | |||
| Semtofin Consultancy Services Private Limited | ₹78.02 Lakh (FY 2024) | 59.0% | Bangalore, Karnataka, India | |||
| BNJ Consultancy Private Limited | ₹78 Lakh (FY 2025) | 605.0% | Delhi, India | |||
| Mecklai and Mecklal Financial Consultants Private Limited | ₹77.95 Lakh (FY 2017) | 34933.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Networth Wealth Solutions Limited, buy the company report.
Auditor
Networth Wealth Solutions Limited is audited by J VAGERIYA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J VAGERIYA & ASSOCIATES | FY 2017 | 124193W |
Shareholding
The shareholding of Networth Wealth Solutions Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Networth Wealth Solutions Limited, buy the company report.
Legal cases
Networth Wealth Solutions Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ananthapur, Andhra Pradesh | Execution petition | Filed against the company by an individual | Disposed |
| District court, Ananthapur, Andhra Pradesh | Execution petition | Filed against the company by an individual | Disposed |
To see the full case history of Networth Wealth Solutions 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Networth Wealth Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Networth Wealth Solutions Limited has a workforce of 2 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Networth Wealth Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Networth Wealth Solutions Limited, buy the company report.
Recent activity
Networth Wealth Solutions Limited has 15 board changes on record since 2008: 3 appointments and 12 cessations. The latest: Shailen Ramesh Shah ceased to be Additional Director on 29 Sep 2016.
6 earlier events are in the company report.
Frequently asked questions
Networth Wealth Solutions 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.
Networth Wealth Solutions was a public limited company based in Mumbai, Maharashtra, India. The company worked in financial brokerage, within the financial services industry. It was incorporated on 29 February 2008 and is registered under CIN U67120MH2008PLC179566. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Networth Wealth Solutions was incorporated on 29 February 2008. It is registered with the Registrar of Companies, Mumbai.
Networth Wealth Solutions had 3 directors:
- Shailen Ramesh Shah - Director
- Jayshree Babulal Ghodadra - Director
- Randhir Singh Sisodiya - Director
The CIN (Corporate Identification Number) of Networth Wealth Solutions is U67120MH2008PLC179566. 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 Networth Wealth Solutions is at Office No.901902 9th Floor Atlanta Centre Opp.Udyog Bhavan Sonawala Road Goregao, N East, Mumbai, Maharashtra, India – 400063.
The latest financial statements of Networth Wealth Solutions on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 27 September 2018. Year-wise statements from 2015 are in the company report.
No. Networth Wealth Solutions has 1 GST registration on record and it is cancelled or inactive.
Networth Wealth Solutions operated in the financial services industry, in the financial brokerage segment.
The peers of Networth Wealth Solutions by revenue are Alchemy Corporate Services Private Limited, Agile Insurance Brokers Private Limited, BKC Fintax Solutions Private Limited, V-Rise Comtrade Private Limited, Vinayak Equity Broker India Private Limited and 5 more, all in the same principal business activity (financial advisory, brokerage and consultancy services).
Networth Wealth Solutions has 2 court cases on record: 2 filed against it.