About Phonepe Wealth Private Limited
Data last updated:
Phonepe Wealth Private Limited was a private limited company based in Bengaluru, Karnataka, India, operated as a subsidiary of Phonepe Private Limited Singapore. The company has been dissolved under section 59(8) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the financial product distributors segment of the financial services sector. It was incorporated on 15 November 2018.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U65990KA2018PTC118559. Its GSTIN is 29AAKCP2010J1ZG (Karnataka). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹50 Cr and a paid-up capital of ₹20.06 Cr. It was formerly known as Phonepe Wealth Services Private Limited. It was led by directors including Ganesh Pai Panduranga (Irp/Rp/Liquidator) and Ullal Jayanth Kini.
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 was at Bengaluru, Karnataka.
The company had about 16 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: PhonePe. Court records list 1 case involving the company, including 1 filed by the company. The company has 1 deal on record (1 rights issue); the latest was in December 2020. The company has 9 MSME Form 1 returns on record between 2019 and 2022, listing 23 overdue payments to 3 micro and small suppliers.
The last known website on record is phonepe.com.
Company details
Contact details
Phonepe Wealth Private Limited's registered office is in Bengaluru, Karnataka. Its website is phonepe.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressOffice – 2 Floor 4 5 6 7 Wing A Block A Salarpuria Softzone Service Road Green Glen Layout, Bellandur, Bengaluru, Karnataka, India – 560103
- IndustryFinancial Services, Financial Product Distributors
To see the full contact details of Phonepe Wealth 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
Brands
Phonepe Wealth operates one associated brand: PhonePe. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Payment, financial, investment, and lending services are provided digitally. | phonepe.com |
Business activity
The main business activity of Phonepe Wealth 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 Phonepe Wealth Private Limited, buy the company report.
Financials of Phonepe Wealth Private Limited
FY 2022 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Phonepe Wealth Private Limited, buy the company report.
Board of directors of Phonepe Wealth Private Limited
Phonepe Wealth has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganesh Pai Panduranga Also directs: Clutterbot Technologies Private Limited | Irp/Rp/Liquidator | 02 May 2023 | 3 Years 5 Months | As last reported |
| Ullal Jayanth Kini | Director | 29 Mar 2023 | 3 Years 7 Months | As last reported |
| Prakash Namdev | Director | 29 Mar 2023 | 3 Years 7 Months | As last reported |
Auditor
Phonepe Wealth Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2022 | 101049W/E300004 |
Shareholding
The shareholding of Phonepe Wealth Private Limited is on record for 4 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | 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 Phonepe Wealth Private Limited, buy the company report.
Deals & funding
Phonepe Wealth Private Limited has 1 deal on record (1 rights issue); the latest was in December 2020.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2020 | Rights issue | ₹10 Cr | Investors: Headstand Pte Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Phonepe Wealth Private Limited has 1 court case on record: 1 filed by Phonepe Wealth. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Bengaluru | Insolvency matter | Filed by the company against Registrar of Companies Bengaluru | Disposed |
To see the full case history of Phonepe Wealth Private 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
Phonepe Wealth Private Limited has 9 MSME Form 1 returns on record between 2019 and 2022, listing 23 overdue payments to 3 micro and small suppliers. 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Eminent India Private Limited | |||
| SMPV and Associates LLP | |||
| Skil Cabs Private Limited |
To see the full MSME payment records of Phonepe Wealth Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Phonepe Wealth Private Limited has a workforce of 16 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Phonepe Wealth has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCP2010J1ZG | Karnataka | Active | 18 Jan 2019 |
| 27AAKCP2010J1ZK | Maharashtra | Active | 02 Dec 2019 |
To see the full GST registrations and return filing status of Phonepe Wealth Private Limited, buy the company report.
Recent activity
Phonepe Wealth Private Limited has 9 board changes on record since 2019: 3 appointments and 6 cessations. The latest: Ganesh Pai Panduranga was appointed as Irp/Rp/Liquidator on 02 May 2023.
News
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Frequently asked questions
Phonepe Wealth has been "Dissolved Under Section 59(8)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Phonepe Wealth was a private limited company based in Bengaluru, Karnataka, India. The company worked in financial product distributors, within the financial services industry. It was incorporated on 15 November 2018 and is registered under CIN U65990KA2018PTC118559. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.
Phonepe Wealth was incorporated on 15 November 2018. It is registered with the Registrar of Companies, Bangalore.
Phonepe Wealth had 3 directors:
- Ullal Jayanth Kini - Director
- Prakash Namdev - Director
- Ganesh Pai Panduranga - Irp/Rp/Liquidator
The CIN (Corporate Identification Number) of Phonepe Wealth is U65990KA2018PTC118559. 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 Phonepe Wealth is at Office – 2 Floor 4 5 6 7 Wing A Block A Salarpuria Softzone Service Road Green Glen Layout, Bellandur, Bengaluru, Karnataka, India – 560103.
Phonepe Wealth can be reached through the website phonepe.com. Its registered office is in Bengaluru, Karnataka, India.
The latest financial statements of Phonepe Wealth 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 2019 are in the company report.
The GSTIN of Phonepe Wealth is 29AAKCP2010J1ZG, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAKCP2010J1ZK (Maharashtra).
Phonepe Wealth operated in the financial services industry, in the financial product distributors segment.
Phonepe Wealth has 1 deal on record (1 rights issue); the latest was in December 2020.