About Wellspring Financial Services Private Limited
Data last updated:
Wellspring Financial Services Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the financial services and investment segment of the financial services sector. It was incorporated on 10 October 2013.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2013PTC249056.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Wellspring Asset Managers Private Limited. It was led by directors Varsha Nilesh Desai and Chaitali Nilesh Desai.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office was at 104 C – 2 Hari Om Apts S.V. Road Borivali (W), Mumbai, Maharashtra, India – 400092.
As per the financials filed for FY 2015, the company reported a revenue of ₹46,240. For the same year it recorded a net loss of ₹39,230 (net margin -84.8%) and EBITDA of -₹45,410 (EBITDA margin -98.2%).
The last known website on record is wellspringfinance.co.in.
Company details
Contact details
Wellspring Financial Services Private Limited's registered office is in Mumbai, Maharashtra.
- Registered Address104 C – 2 Hari Om Apts S.V. Road Borivali (W), Mumbai, Maharashtra, India – 400092
- IndustryFinancial Services, Financial Activities
- 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 Wellspring Financial Services 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 Wellspring Financial Services Private Limited, buy the company report.
Financials of Wellspring Financial Services Private Limited
FY 2015 filings availableWellspring Financial Services Private Limited reported revenue of ₹46,240 for FY 2015.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| 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 | -₹45,410 |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹39,230 |
| 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | -98.2% |
| Net Profit Margin | -84.8% |
| 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 Wellspring Financial Services Private Limited, buy the company report.
Board of directors of Wellspring Financial Services Private Limited
Wellspring Financial Services has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varsha Nilesh Desai | Director | 10 Oct 2013 | 13 Years 0 Months | As last reported |
| Chaitali Nilesh Desai | Director | 10 Oct 2013 | 13 Years 0 Months | As last reported |
Peer comparison
Wellspring Financial Services Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Lomas Technicut (India) Private Limited | ₹46,422 (FY 2016) | -71.0% | Mumbai, Maharashtra, India | |||
| Orraye Spa & Life Styles Limited | ₹46,400 (FY 2025) | 15.0% | Mumbai, Maharashtra, India | |||
| Ranjan Promoters Private Limited | ₹46,390 (FY 2016) | Kolkata, West Bengal, India | ||||
| Travancore Chalakuzhy Nidhi Limited | ₹46,358 (FY 2021) | Kottayam, Kerala, India | ||||
| Pratipal Investments Private Limited (TR Co) | ₹46,340 (FY 2025) | 13.0% | Vadodara, Gujarat, India | |||
| Wellspring Financial Services Private Limitedthis company | ₹46,240 (FY 2015) | -₹39,230 | -84.8% | Mumbai, Maharashtra, India | ||
| Shri Bramhanath Urban Nidhi Limited | ₹46,205 (FY 2021) | Bid, Maharashtra, India | ||||
| Finmantra Micro Foundation | ₹46,193 (FY 2024) | 68.0% | Pune, Maharashtra, India | |||
| Vengassery Chits Private Limited | ₹46,145 (FY 2024) | -30.0% | Palakkad, Kerala, India | |||
| Aroma Chits (Kerala) Private Limited | ₹46,080 (FY 2025) | -9.0% | Pathanamthitta, Kerala, India | |||
| Sidhi Financial Advisory Private Limited | ₹46,012 (FY 2024) | -84.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Wellspring Financial Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Wellspring Financial Services 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 Wellspring Financial Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Wellspring Financial Services Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Wellspring Financial Services Private Limited has 2 board changes on record since 2013: 2 appointments. The latest: Chaitali Nilesh Desai was appointed as Director on 10 Oct 2013.
Frequently asked questions
Wellspring Financial Services has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Wellspring Financial Services was a private limited company based in Mumbai, Maharashtra, India. The company worked in financial activities, within the financial services industry. It was incorporated on 10 October 2013 and is registered under CIN U67190MH2013PTC249056. The company has been struck off by the Registrar of Companies and is no longer operational.
Wellspring Financial Services had 2 directors:
- Varsha Nilesh Desai - Director
- Chaitali Nilesh Desai - Director
The CIN (Corporate Identification Number) of Wellspring Financial Services is U67190MH2013PTC249056. 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 Wellspring Financial Services is at 104 C – 2 Hari Om Apts S.V. Road Borivali W, Mumbai, Maharashtra, India – 400092.
Wellspring Financial Services was incorporated on 10 October 2013. It is registered with the Registrar of Companies, Mumbai.
Wellspring Financial Services can be reached through the website wellspringfinance.co.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Wellspring Financial Services on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
Wellspring Financial Services operated in the financial services industry, in the financial activities segment. It worked in this industry before it was struck off.
The peers of Wellspring Financial Services by revenue are Lomas Technicut (India) Private Limited, Orraye Spa & Life Styles Limited, Ranjan Promoters Private Limited, Travancore Chalakuzhy Nidhi Limited, Pratipal Investments Private Limited (TR Co) and 5 more, all in the same principal business activity (other financial activities).
Chaitali Nilesh Desai was appointed as Director on 10 Oct 2013. Varsha Nilesh Desai was appointed as Director on 10 Oct 2013.
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