About Way2wealth Distributors Private Limited
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Way2wealth Distributors Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Way2wealth Securities 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 brokerage and trading services segment of the financial services sector. It was incorporated on 19 December 2001.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U70101KA2001PTC029910.
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It was led by directors Anil Kumar and Manjunatha Mastanappa Koppalolu.
Its last annual general meeting (AGM) was held on 25 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Groun Floor Frontline Grandeur No.14 Walton Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2018, the company reported a revenue of ₹7.57 Lakh, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹24.53 Lakh (net margin -324%) and EBITDA of -₹21.8 Lakh (EBITDA margin -288%). Revenue has grown at a compounded annual rate (CAGR) of 234% over three years.
The company had about 4 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹30 Cr on record.
The last known website on record is way2wealth.com.
Company details
CIN history
Way2wealth Distributors has one previous CIN (Corporate Identification Number): U66010KA2001PTC029910. The current CIN is U70101KA2001PTC029910, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70101KA2001PTC029910 | Current |
| U66010KA2001PTC029910 | Previous |
Contact details
Way2wealth Distributors Private Limited's registered office is in Bangalore, Karnataka. Its website is way2wealth.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressGroun Floor Frontline Grandeur No.14 Walton Road, Bangalore, Karnataka, India – 560001
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Way2wealth Distributors 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 Way2wealth Distributors 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 Way2wealth Distributors Private Limited, buy the company report.
Financials of Way2wealth Distributors Private Limited
FY 2018 filings availableWay2wealth Distributors Private Limited reported revenue of ₹7.57 Lakh (down 99% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 99% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 234%. EBITDA fell 44% 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹7.57 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹21.8 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹24.53 Lakh | |||
| 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -288% | |||
| Net Profit Margin | -324% | |||
| 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 Way2wealth Distributors Private Limited, buy the company report.
Board of directors of Way2wealth Distributors Private Limited
Way2wealth Distributors has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anil Kumar | Director | 08 Aug 2016 | 10 Years 2 Months | As last reported |
| Manjunatha Mastanappa Koppalolu | Director | 07 Oct 2014 | 12 Years 0 Months | As last reported |
Auditor
Way2wealth Distributors Private Limited is audited by SUNDARESHA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUNDARESHA & ASSOCIATES | FY 2018 | 008012S |
Shareholding
The shareholding of Way2wealth Distributors Private 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 Way2wealth Distributors Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Jan 2012 | 10332277 | Idbi Trusteeship Services Limited | ₹30 Cr | Satisfied |
To see the full charge records of Way2wealth Distributors Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Way2wealth Distributors Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Way2wealth Distributors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Way2wealth Distributors Private Limited has a workforce of 4 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
No GST registration is on our record for Way2wealth Distributors Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Way2wealth Distributors Private Limited has 12 board changes on record since 2007: 2 appointments and 10 cessations. The latest: Swapna Namdeo Satam ceased to be Additional Director on 18 Aug 2017.
5 earlier events are in the company report.
Frequently asked questions
Way2wealth Distributors 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.
Way2wealth Distributors was a private limited company based in Bangalore, Karnataka, India. The company worked in brokerage and trading services, within the financial services industry. It was incorporated on 19 December 2001 and is registered under CIN U70101KA2001PTC029910. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Way2wealth Distributors was incorporated on 19 December 2001. It is registered with the Registrar of Companies, Bangalore.
Way2wealth Distributors had 2 directors:
- Anil Kumar - Director
- Manjunatha Mastanappa Koppalolu - Director
The CIN (Corporate Identification Number) of Way2wealth Distributors is U70101KA2001PTC029910. 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 Way2wealth Distributors is at Groun Floor Frontline Grandeur No.14 Walton Road, Bangalore, Karnataka, India – 560001.
Way2wealth Distributors can be reached through the website way2wealth.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Way2wealth Distributors on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 25 September 2018. Year-wise statements from 2015 are in the company report.
Way2wealth Distributors operated in the financial services industry, in the brokerage and trading services segment.
Swapna Namdeo Satam ceased to be Additional Director on 18 Aug 2017. Sandhya ceased to be Director on 20 Mar 2017. Anil Kumar was appointed as Director on 08 Aug 2016. Way2wealth Distributors has 12 board changes on record in total.