About Pramesh Wealth Private Limited
Data last updated:
Pramesh Wealth Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 28 July 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67120GJ2014PTC080269. Its GSTIN is 24AAHCP7661C1ZH (Gujarat).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹82 Lakh. It was formerly known as Pramesh Wealth Management Private Limited. It is led by directors including Ramchandra Ramanlal Patel and Ashay Jagdishchandra Shah.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at B/8 Vedant Bunglow Behind Delhi Public School Kalali Road Atladra Vadodara – 390012, Gujarat, India – 390012.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.88 Cr, a growth of 79% compared to the previous year. For the same year it recorded a net profit of ₹1.04 Cr (net margin 26.7%) and EBITDA of ₹1.73 Cr (EBITDA margin 44.6%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 8% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3.82 Cr and satisfied charges of ₹1.69 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website prameshwealth.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressB/8 Vedant Bunglow Behind Delhi Public School Kalali Road Atladra Vadodara – 390012, Gujarat, India – 390012
- IndustryFinancial Services, Diversified Financial Services
- 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
- One PDF report, delivered after checkout
Business Activity of Pramesh Wealth Private Limited
The main business activity of Pramesh Wealth is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Pramesh Wealth Private Limited FY 2024 filings available
Pramesh Wealth Private Limited reported revenue of ₹3.88 Cr (up 79% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Pramesh Wealth Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 79% growth in the latest year. EBITDA rose 373% 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 of Pramesh Wealth Private Limited
| 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 | ₹1.73 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.04 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Pramesh Wealth Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 44.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 26.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Pramesh Wealth are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Pramesh Wealth Private Limited
Pramesh Wealth Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Financial Instrument Distributors). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fundchoice Financial Services Private Limited | ₹4.02 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Bangalore, Karnataka, India |
| Priyarth Ventures Private Limited | ₹3.99 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Thane, Maharashtra, India |
| Artham Finometry Private Limited | ₹3.92 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Ahmedabad, Gujarat, India |
| Opulence Wealth Private Limited | ₹3.9 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | New Delhi, Delhi, India |
| Finance Doctor Private Limited | ₹3.89 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | Banjara Hills, Telangana, India |
| Pramesh Wealth Private Limited this company | ₹3.88 Cr (FY 2024) | •••• | •••• | 79.0% | •••• | Vadodara, Gujarat, India |
| Moneybolism Financial Services Private Limited | ₹3.88 Cr (FY 2025) | •••• | •••• | 49.0% | •••• | Thane, Maharashtra, India |
| Adonia Systems Private Limited | ₹3.79 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | New Delhi, Delhi, India |
| Sodhani Capital Limited | ₹3.75 Cr (FY 2024) | •••• | •••• | 51.0% | •••• | Jaipur, Rajasthan, India |
| Goldenbulls Financial Services Private Limited | ₹3.68 Cr (FY 2025) | •••• | •••• | 123.0% | •••• | Pune City, Maharashtra, India |
| Value One Up Distribution Private Limited | ₹3.67 Cr (FY 2024) | •••• | •••• | 25.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Pramesh Wealth by revenue in the BFSI industry (Financial Instrument Distributors), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Pramesh Wealth Private Limited
Pramesh Wealth Private Limited is audited by S.M. KABRA & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.M. KABRA & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Pramesh Wealth Private Limited
Pramesh Wealth has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramchandra Ramanlal Patel | Director | 28 Jul 2014 | 12 Years 2 Months | Current |
| Ashay Jagdishchandra Shah Also directs: Fortune Fiscal Ltd | Director | 15 Sep 2020 | 6 Years 0 Months | Current |
| Ronak Navinchandra Bhatt | Director | 28 Jul 2014 | 12 Years 2 Months | Current |
Ownership and Shareholding of Pramesh Wealth Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Pramesh Wealth Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Dec 2023 | Others | ₹2.35 Cr | Open |
| 17 Jul 2021 | Yes Bank Limited | ₹1.47 Cr | Open |
| 23 Jul 2020 | Others | ₹27.39 Lakh | Satisfied |
| 31 Oct 2018 | Others | ₹1.42 Cr | Satisfied |
Total charge records: 4 View all charges
MSME Payment Delays by Pramesh Wealth Private Limited
Pramesh Wealth Private Limited has 11 MSME Form 1 returns on record between 2019 and 2024, listing 45 overdue payments to 14 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 (5 of 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Vishal Offset | •••• | •••• | •••• |
| Vishal Offset | •••• | •••• | •••• |
| Lynx Communication Systems Private Limited | •••• | •••• | •••• |
| Lynx Communication Systems Pvt. Ltd. | •••• | •••• | •••• |
| Narmada Cars Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 11 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Pramesh Wealth Private Limited
Pramesh Wealth Private Limited has a workforce of 12 employees as of Apr 05, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
News related to Pramesh Wealth Private Limited
Recent Activity on Pramesh Wealth Private Limited
Pramesh Wealth Private Limited has 9 board changes on record since 2014: 3 appointments and 6 cessations. The latest: Kalpesh Ramanlal Patel ceased to be Director on 01 Apr 2021.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Pramesh Wealth Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Pramesh Wealth Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Pramesh Wealth Private Limited
Pramesh Wealth has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCP7661C1ZH | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Pramesh Wealth Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Pramesh Wealth Private Limited
Pramesh Wealth is an active private limited company based in Vadodara, Gujarat, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 28 July 2014 (12+ years old) and is registered under CIN U67120GJ2014PTC080269.
Pramesh Wealth reported revenue of ₹3.88 Cr for FY 2024 (up 79% YoY).
Pramesh Wealth has 3 current directors:
- Ramchandra Ramanlal Patel - Director
- Ashay Jagdishchandra Shah - Director
- Ronak Navinchandra Bhatt - Director
Pramesh Wealth reported a net profit of ₹1.04 Cr (net margin 26.7%) and EBITDA of ₹1.73 Cr (EBITDA margin 44.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Pramesh Wealth is 6% over three years and 8% over five years. In the latest year (FY 2024) revenue rose 79%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Pramesh Wealth is 24AAHCP7661C1ZH, registered in Gujarat.
The CIN (Corporate Identification Number) of Pramesh Wealth is U67120GJ2014PTC080269. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pramesh Wealth was incorporated on 28 July 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Pramesh Wealth by revenue are Fundchoice Financial Services Private Limited, Priyarth Ventures Private Limited, Artham Finometry Private Limited, Opulence Wealth Private Limited, Finance Doctor Private Limited and 5 more, all in the BFSI industry (Financial Instrument Distributors).
Kalpesh Ramanlal Patel ceased to be Director on 01 Apr 2021. Ashay Jagdishchandra Shah ceased to be Additional Director on 31 Dec 2020. Ashay Jagdishchandra Shah was appointed as Director on 15 Sep 2020. Pramesh Wealth has 9 board changes on record in total.
Pramesh Wealth has 11 MSME Form 1 returns on record between 2019 and 2024, listing 45 overdue payments to 14 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Pramesh Wealth can be reached through the website prameshwealth.com. Its registered office is in Vadodara, Gujarat, India.