Wipro Financial Outsourcing Services Limited

Reference number: 979258

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Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

In the full report: 3 background checks

  • When wipro.com first appeared online, and whether it can receive email
  • What kind of line 0118 229 1300 is
  • Who else gives the postcode RG1 4EX
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Other names (2)

If you were contacted under any of these names, it is this firm.

  • Servaada Trading name
  • Wipro Former trading name

FCA permissions and consumer protection

  • Hold or safeguard your money · Manage or trade investments FSCS may apply
    Eligible investment and pension claims are typically FSCS-protected up to £85,000 per person, depending on the product and your circumstances.
  • Sell or arrange insurance FSCS may apply
    Eligible insurance claims may be FSCS-protected, often 90%, or 100% for compulsory or long-term cover.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Show FCA detail (5 permissions)
  • Arranging (bringing about) deals in investments
  • Assisting in the administration and performance of a contract of insurance
  • Dealing in investments as agent
  • Debt Administration
  • Making arrangements with a view to transactions in investments

FCA disciplinary action and complaints

No FCA disciplinary action.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Company number
02422306
Company status
Active
Company type
Private limited company
Incorporated
13 September 1989 (37 years old)
Registered office
Kings Court, 185 Kings Road, Reading, RG1 4EX, United Kingdom
Nature of business
  • Other business support service activities not elsewhere classified (SIC 82990)

Directors and company secretaries

Name Role Born Appointed Other companies
Omkar Bhalchandra Nisal Director May 1974 30 May 2022 1 other company
Nagendra Bandaru Director Apr 1969 30 Jul 2025 None
Philip Willcock Director Jul 1971 1 Nov 2025 None
Sarat Chand Director May 1972 11 Feb 2026 None
Katya Maclean Director Jun 1976 1 Mar 2026 1 other company

Other companies run by these 5 directors

A firm is run by people, and their other companies are their track record: what they built, what closed, and anything that failed. It is the check most people never think to make.

other companies
2
closed down
1
still active
1

In the full report: all 2 companies, named

  • What each company does, and whether it is still trading
  • Which of these 5 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • All 32 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 March 2021Full accountsAudited

Profit before tax

−£2,000

No earlier figure to compare

Total equity

£1.20m

No earlier figure to compare

Employees (average)

0

No earlier figure to compare

Owed within a year

£2,000

No earlier figure to compare

About these figures
Turnover
Money taken from sales in the year, before any costs.
Profit before tax
What was left after the year’s costs, before corporation tax. A minus figure is a loss.
Net assets, or total equity
Everything the company owns minus everything it owes. A minus figure means it owes more than it owns.
Total assets and total liabilities
Everything the company owns, and everything it owes, on the last day of the year. The gap between them is its net assets.
Cash at bank
Money in the company’s accounts on the last day of the year.
Owed within a year, owed after a year
Debts and bills due in the next twelve months, and those due later.

Accounts filed at Companies House for company 02422306. Figures are exactly as filed; nothing is estimated.

Key dates in its history

Wipro Financial Outsourcing Services’s history from the FCA register and Companies House, newest first.

Key events (9) All events (69)

2024

17 July 2024

  • Wipro Holdings (UK) Limited gave up control
  • Wipro IT Services UK Societas took control (75–100% of shares)

Companies House

2023

4 September 2023

  • Regulated by the FCA from this date
  • Became authorised by the FCA

FCA register

2022

30 May 2022

  • Board replaced: its only director left and 5 new directors took over

Companies House

2016

6 April 2016

  • Wipro Holdings (UK) Limited took control (75–100% of shares)

Companies House

2015

29 June 2015

  • Board replaced: both directors left and a new director took over

Companies House

2011

10 June 2011

  • Board replaced: both directors left and 2 new directors took over

Companies House

1989

13 September 1989

  • Incorporated at Companies House

Companies House

In the full report: all 69 events

  • All 69 events in its history (9 shown here)
  • Every director appointment and resignation: 55
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Firms like Wipro Financial Outsourcing Services

Other firms of the same type (insurance broker), nearest first.

In Reading

MotorEasy Services LimitedReadingAuthorisedAcademy Insurance Services LimitedReadingAuthorisedEverslet Insurance Services (Maidenhead) LimitedReadingAuthorisedHuntswood CTC LimitedReadingAuthorisedInsurance Services (Surrey) LimitedReadingAuthorisedM.S. Macbeth LimitedReadingAuthorised

Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on Wipro Financial Outsourcing Services

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • 2 other companies its directors have run, named
  • 3 background checks on its contact details
  • All 69 events in its history

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Frequently asked questions about this firm

Is Wipro Financial Outsourcing Services Limited FCA authorised?
Yes, Wipro Financial Outsourcing Services Limited (FRN 979258) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since September 2023 and works as an insurance broker. The FCA has placed no limits on its permissions.
What is Wipro Financial Outsourcing Services’ phone number and website?
The FCA register lists the phone number 0118 229 1300 and the website wipro.com/servaada for Wipro Financial Outsourcing Services. If you were given different contact details, use these to check with the firm before going any further.
Is Wipro Financial Outsourcing Services a scam or clone?
Wipro Financial Outsourcing Services is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.
Is my money safe with Wipro Financial Outsourcing Services?
It may control client money but not hold it. It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about Wipro Financial Outsourcing Services to the Financial Ombudsman Service, free of charge.
Who owns Wipro Financial Outsourcing Services?
Wipro Financial Outsourcing Services is owned by Wipro IT Services UK Societas, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 17 July 2024. Before that, it was controlled by Wipro Holdings (UK) Limited.
Who runs Wipro Financial Outsourcing Services?
Companies House lists 5 directors of Wipro Financial Outsourcing Services: Omkar Bhalchandra Nisal, Nagendra Bandaru, Philip Willcock, Sarat Chand and Katya Maclean.
How long has Wipro Financial Outsourcing Services been in business?
The company was formed on 13 September 1989, and has held its current FCA authorisation since September 2023.
What do Wipro Financial Outsourcing Services’ latest accounts show?
Its latest accounts, to 31 March 2021, show profit before tax of −£2,000 (no earlier figure to compare) and total equity of £1.20m (no earlier figure to compare).
Does Wipro Financial Outsourcing Services use any other names?
It trades as Servaada. It has previously used the name Wipro.

Sources and links

The full report on Wipro Financial Outsourcing Services Limited

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