Arete Securities Profile
Key Indicators
- Authorised Capital ₹ 27.00 Cr
- Paid Up Capital ₹ 12.05 Cr
- Company Age 30 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 103.35 Cr
- Revenue Growth -56.01%
- Profit Growth 33.92%
- Ebitda 17.54%
- Net Worth 5.97%
- Total Assets 32.31%
About Arete Securities
Arete Securities Limited (ASL) is a leading Public Limited Indian Non-Government Company incorporated in India on 08 April 1994 and has a history of 30 years and ten months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Arete Securities Limited. The Company is engaged in the Financial Services Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 27.00 Cr and a paid-up capital of Rs 12.05 Cr.
The company currently has active open charges totaling ₹103.35 Cr.
The Key Managerial Personnel (KMP) at Arete Securities Limited India are Kamal Somani as CFO and Pooja Gurjar as Company Secretary. Kamal Somani, Ankit Somani, Sanwarmala Sharma, and Three other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U74899MH1994PLC339302
- Company No.
058382
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
08 Apr 1994
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
What products or services does Arete Securities Limited offer?
Arete Securities Limited offers a wide range of products and services, including Business Auditing & Valuation, Valuation Services, Stock Trading/Money Market, Currency Trading Services, Corporate Finance & Leasing Advisors, Investment Advisory Services.
Who are the key members and board of directors at Arete Securities?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Kamal Somani  | Managing Director | 14-Jan-2002 | Current |
| Pooja Gurjar | Company Secretary | 20-Jan-2024 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ankit Somani | Whole-Time Director | 24-Sep-2011 | Current |
| Sanwarmala Sharma | Director | 13-Apr-2007 | Current |
| Puja Gupta | Director | 03-Aug-2015 | Current |
| Ashish Jalan | Director | 20-Sep-2023 | Current |
| Hritika Shah | Director | 20-Sep-2023 | Current |
Financial Performance of Arete Securities.
Arete Securities Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 56.01% decrease. The company also saw a substantial improvement in profitability, with a 33.92% increase in profit. The company's net worth moved up by a moderate rise of 5.97%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Arete Securities?
In 2023, Arete Securities had a promoter holding of 52.86% and a public holding of 47.14%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Arete Capital Service Private LimitedKamal Somani and Ankit Somani are mutual person
Nukleus Office Solutions Private LimitedPuja Gupta is a mutual person
Karma Mercantile LlpKamal Somani is a mutual person
- Ash Mercantile Llp
Kamal Somani is a mutual person
- Rambhita Trading Llp
Kamal Somani is a mutual person
- Sahayog Mercantile Llp
Kamal Somani and Ankit Somani are mutual person
Charges (Loans)
₹103.35 Cr
₹0
Charges Breakdown by Lending Institutions
- Bank Of India : 100.00 Cr
- Axis Bank Limited : 3.35 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Dec 2020 | Bank Of India | ₹100.00 Cr | Open |
| 10 May 2018 | Axis Bank Limited | ₹3.35 Cr | Open |
How Many Employees Work at Arete Securities?
Arete Securities has a workforce of 37 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Arete Securities, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Arete Securities's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
