Arete Services Profile
Key Indicators
- Authorised Capital ₹ 1.01 Cr
as on 16-01-2025
- Paid Up Capital ₹ 9.90 M
as on 16-01-2025
- Company Age 34 Year, 9 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 36.16 Cr
as on 16-01-2025
- Satisfied Charges ₹ 37.95 Cr
as on 16-01-2025
- Revenue 22.60%
(FY 2023)
- Profit 15502.17%
(FY 2023)
- Ebitda 52.92%
(FY 2023)
- Net Worth 23.77%
(FY 2023)
- Total Assets 29.12%
(FY 2023)
About Arete Services
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.
- 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
Company Details
- Location
Valsad, Gujarat, India
- Telephone
- Email Address
- Website
- Social Media-
Who are the key members and board of directors at Arete Services?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Siraj Saiyed  | Director | 24-Oct-2007 | Current |
| Jikar Saiyed | Director | 12-Apr-1990 | Current |
| Mrugesh Oza | Director | 26-Dec-2005 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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.
Related Corporates (Common Directorship)
Charges (Loans)
₹36.16 Cr
₹37.95 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 34.16 Cr
- Hdfc Bank Limited : 2.01 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Mar 2024 | Hdfc Bank Limited | ₹1.87 M | Open |
| 02 Sep 2023 | Hdfc Bank Limited | ₹4.60 M | Open |
| 05 Jul 2023 | Axis Bank Limited | ₹24.46 Cr | Open |
| 21 Feb 2023 | Hdfc Bank Limited | ₹0.65 M | Open |
| 30 Sep 2022 | Hdfc Bank Limited | ₹3.24 M | Open |
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.
Deals i
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
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.
