About Upwards Capital Private Limited
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Upwards Capital Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Upwards Fintech Services Private 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 non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 23 February 2018.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U65999MH2018PTC305512. Its GSTIN is 27AACCU2083Q1ZS (Maharashtra).
The company had an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.15 Cr. It was led by directors Nimesh Kumar Verma and Abhishek Soni.
Its last annual general meeting (AGM) was held on 30 June 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 501 – A Pinnacle Corporate Park BKC Bandra (East) Vill Kole Kalyan Nr. Trade Centre, Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2024, the company reported a revenue of ₹16.36 Cr, a growth of 53% compared to the previous year. For the same year it recorded a net profit of ₹13.85 Lakh (net margin 0.8%) and EBITDA of ₹3.59 Cr (EBITDA margin 22%). Revenue has grown at a compounded annual rate (CAGR) of 65% over three years and 153% over five years.
The company had about 74 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹4.9 Cr and satisfied charges of ₹44 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 2 deals on record (1 funding round, 1 debt financing), with disclosed funding of ₹18.33 Cr; the latest was in November 2020. Its 6 peer companies in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 4 smaller; the largest is Jaik Leasing and Commercial Investment Limited with revenue of ₹16.43 Cr.
The last known website on record is instantloanindia.com.
Company details
Contact details
Upwards Capital Private Limited's registered office is in Mumbai, Maharashtra. Its website is instantloanindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address501 – A Pinnacle Corporate Park BKC Bandra (East) Vill Kole Kalyan Nr. Trade Centre, Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Upwards Capital 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 Upwards Capital 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 Upwards Capital Private Limited, buy the company report.
Financials of Upwards Capital Private Limited
FY 2024 filings availableUpwards Capital Private Limited reported revenue of ₹16.36 Cr (up 53% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 153% over five years, including 53% growth in the latest year. EBITDA fell 9% 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 | ₹16.36 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.59 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.85 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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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 | 22% | ||||
| Net Profit Margin | 0.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Upwards Capital Private Limited, buy the company report.
Board of directors of Upwards Capital Private Limited
Upwards Capital has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nimesh Kumar Verma | Director | 23 Feb 2018 | 8 Years 8 Months | As last reported |
| Abhishek Soni | Director | 23 Feb 2018 | 8 Years 8 Months | As last reported |
Peer comparison
Upwards Capital Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), 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 |
|---|---|---|---|---|---|---|
| Jaik Leasing and Commercial Investment Limited | ₹16.43 Cr (FY 2025) | 175.0% | Kolkata, West Bengal, India | |||
| Rudra Securities and Capital Limited | ₹16.39 Cr (FY 2025) | 157.0% | Gujarat, India | |||
| Upwards Capital Private Limitedthis company | ₹16.36 Cr (FY 2024) | ₹13.85 Lakh | 0.8% | 53.0% | 74 | Mumbai, Maharashtra, India |
| Ekagrata Finance Private Limited | ₹16.31 Cr (FY 2024) | 32.0% | Bangalore, Karnataka, India | |||
| Apc Trading & Investment Pvt.Ltd. | ₹16.28 Cr (FY 2024) | 164.0% | Kolkata, West Bengal, India | |||
| Praveen Capital Private Limited | ₹16.25 Cr (FY 2024) | 66.0% | Mangalore, Karnataka, India | |||
| Tycoon Credit & Portfolios Limited | ₹16.24 Cr (FY 2025) | 2349.0% | New Delhi, Delhi, India |
To see the full peer comparison of Upwards Capital Private Limited, buy the company report.
Auditor
Upwards Capital Private Limited is audited by CMPD AND CO. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CMPD AND CO. | FY 2024 | 153189W |
Shareholding
The shareholding of Upwards Capital Private 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 Upwards Capital Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Nov 2023 | 100873106 | Others | ₹5 Cr | Satisfied | |
| 31 Mar 2023 | 100705143 | Others | ₹1 Cr | Satisfied | |
| 24 Aug 2022 | 100653967 | Others | ₹5 Cr | Satisfied | |
| 30 Mar 2022 | 100566670 | Others | ₹3 Cr | Satisfied | |
| 11 Mar 2022 | 100566859 | Others | ₹3 Cr | Satisfied |
To see the full charge records of Upwards Capital Private Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
Upwards Capital Private Limited has 2 deals on record (1 funding round, 1 debt financing), with disclosed funding of ₹18.33 Cr; the latest was in November 2020.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2020 | Debt financing | ₹13.33 Cr | Investors: Almavest Limited |
| Aug 2019 | Funding round | ₹5 Cr | Investors: Upwards Fintech Services Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Upwards Capital Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court for State of Telangana | Writ petition | Filed against the company | Disposed |
To see the full case history of Upwards Capital 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
No delayed payments to MSME suppliers are on our record for Upwards Capital Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Upwards Capital Private Limited has a workforce of 74 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Upwards Capital has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCU2083Q1ZS | Maharashtra | Active | 16 Aug 2019 |
To see the full GST registrations and return filing status of Upwards Capital Private Limited, buy the company report.
Recent activity
Upwards Capital Private Limited has 6 board changes on record since 2018: 4 appointments and 2 cessations. The latest: Subeer Sandeep Monga ceased to be Nominee Director on 09 Jun 2022.
29 earlier events are in the company report.
Frequently asked questions
Upwards Capital 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.
Upwards Capital was a private limited company based in Mumbai, Maharashtra, India. The company worked in nbfc, within the financial services industry. It was incorporated on 23 February 2018 and is registered under CIN U65999MH2018PTC305512. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Upwards Capital was incorporated on 23 February 2018. It is registered with the Registrar of Companies, Mumbai.
Upwards Capital had 2 directors:
- Nimesh Kumar Verma - Director
- Abhishek Soni - Director
The CIN (Corporate Identification Number) of Upwards Capital is U65999MH2018PTC305512. 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 Upwards Capital is at 501 – A Pinnacle Corporate Park BKC Bandra East Vill Kole Kalyan Nr. Trade Centre, Mumbai, Maharashtra, India – 400051.
Upwards Capital can be reached through the website instantloanindia.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Upwards Capital on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 June 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Upwards Capital is 27AACCU2083Q1ZS, registered in Maharashtra.
Upwards Capital operated in the financial services industry, in the nbfc segment.
Upwards Capital has 2 deals on record (1 funding round, 1 debt financing), with disclosed funding of ₹18.33 Cr; the latest was in November 2020.
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