Arete Services Private Limited

Diversified company offering hospitality, real estate, and retail services through franchise and property leasing.

1990 | Valsad, Gujarat (India) | Active
Last Updated:

Arete Services Profile

Key Indicators

  • Authorised Capital ₹ 1.01 Cr
  • Paid Up Capital ₹ 9.90 M
  • Company Age 34 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 36.16 Cr
  • Satisfied Charges ₹ 37.95 Cr
  • Revenue Growth 22.60%
  • Profit Growth 15502.17%
  • Ebitda 52.92%
  • Net Worth 23.77%
  • Total Assets 29.12%

About Arete Services

Arete Services Private Limited (ASPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 12 April 1990 and has a history of 34 years and ten months. Its registered office is in Valsad, Gujarat, India.

The Corporate was formerly known as Highway Services Private 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 1.01 Cr and a paid-up capital of Rs 9.90 M.

The company currently has active open charges totaling ₹36.16 Cr. The company has closed loans amounting to ₹37.95 Cr, as per Ministry of Corporate Affairs (MCA) records.

Jikar Saiyed, Mrugesh Oza, and Siraj Saiyed serve as directors at the Company.

Company Details

  • Location

    Valsad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    areteservices.in

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U60231GJ1990PTC013617

  • Company No.

    013617

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    12 Apr 1990

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Financial Services
Travel and Hospitality

Who are the key members and board of directors at Arete Services?

Board Members (3)

NameDesignationAppointment DateStatus
Siraj Saiyed Country flag representing In Director 24-Oct-2007Current
Jikar Saiyed Country flag representing In Director 12-Apr-1990Current
Mrugesh Oza Country flag representing In Director 26-Dec-2005Current

Financial Performance of Arete Services.

Arete Services Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 22.6% increase. The company also saw a substantial improvement in profitability, with a 15502.17% increase in profit. The company's net worth Soared by an impressive increase of 23.77%.

Arete Services revenue growth over time
Arete Services profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
22.60%
Revenue from Operations
18.65%
Total Assets
29.12%
Profit or Loss
15502.17%
Net Worth
23.77%
EBITDA
52.92%

What is the Ownership and Shareholding Structure of Arete Services?

In 2023, Arete Services had a promoter holding of 100.00%. The company had 13 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹36.16 Cr

Satisfied Charges

₹37.95 Cr

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 34.16 Cr
  • Hdfc Bank Limited : 2.01 Cr

Latest Charge Details

DateLenderAmountStatus
16 Mar 2024Hdfc Bank Limited₹1.87 MOpen
02 Sep 2023Hdfc Bank Limited₹4.60 MOpen
05 Jul 2023Axis Bank Limited₹24.46 CrOpen
21 Feb 2023Hdfc Bank Limited₹0.65 MOpen
30 Sep 2022Hdfc Bank Limited₹3.24 MOpen

How Many Employees Work at Arete Services?

Arete Services has a workforce of 343 employees as of Apr 07, 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.

Employee growth trends for Arete Services Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Arete Services, 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 Services's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on Arete Services

Recent activity within the organization

  • Annual General Meeting

    Arete Services Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Charges

    A charge registered on 27 Aug 2021 via Charge ID 100479787 with Axis Bank Limited was fully satisfied on 10 Aug 2024.

  • Charges

    A charge with Axis Bank Limited of Rs. 24.46 Cr registered on 05 Jul 2023 with Charge ID 100754835 was modified on 31 Jul 2024.

  • Balance Sheet

    Arete Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.19 Cr with Charge ID 100890518 was registered on 16 Mar 2024.

  • Charges

    A charge registered on 28 Oct 2020 via Charge ID 100387483 with Axis Bank Limited was fully satisfied on 10 Oct 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Arete Services Private Limited?

    Arete Services Private Limited was incorporated on 12 Apr 1990.

  • What is authorized share capital and paid-up capital of Arete Services Private Limited?

    The authorized share capital of Arete Services Private Limited is ₹ 1.01 Cr and paid-up capital is ₹ 9.90 M.

  • Who are the current board members & directors of Arete Services Private Limited?

    Currently 3 directors are associated with Arete Services Private Limited.

    • Jikar Allarakha Saiyed
    • Mrugesh Dhimantrai Oza
    • Siraj Jikar Saiyed

  • What is the registered address of Arete Services Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Arete Services Private Limited is Comm. Plot No. C7/67/P N. H. No 8 Near Koparli Road G.I.D.C., India, Vapi, Gujarat, 396195.

  • What is the corporate identification number (CIN) and company number of Arete Services Private Limited?

    The corporate identification number (CIN) of Arete Services Private Limited is U60231GJ1990PTC013617 and the company number is 013617 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Arete Services Private Limited?

    The Official website of Arete Services Private Limited is https://www.areteservices.in

  • What has been the recent revenue trend for Arete Services Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Arete Services Private Limited has risen by 22.60%.

  • How many employees does Arete Services Private Limited currently have?

    As Per 2023 financial reports, 343 employees are currently employed by Arete Services Private Limited.

  • What change has been observed in the net worth of Arete Services Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Arete Services Private Limited has experienced an upsurge of 23.77%.

  • What are the total open charges for Arete Services Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Arete Services Private Limited amount to ₹ 36.16 Cr.

  • When was the last Balance Sheet of Arete Services Private Limited filed with the ROC?

    The most recent Balance Sheet for Arete Services Private Limited was filed with the ROC on 31 Mar 2024.

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