Asrec (India) Profile
Key Indicators
- Authorised Capital ₹ 125.00 Cr
- Paid Up Capital ₹ 98.00 Cr
- Company Age 21 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 54.65 Cr
- Satisfied Charges ₹ 50.00 Cr
- Revenue Growth -28.15%
- Profit Growth -11.76%
- Ebitda -13.58%
- Net Worth 9.85%
- Total Assets 5.26%
About Asrec (India)
Asrec (India) Limited (AIL) is a leading Public Limited Union Government Company incorporated in India on 25 November 2003 and has a history of 21 years and five months. Its registered office is in Mumbai, Maharashtra, India.
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 2023. It's a company limited by shares with an authorized capital of Rs 125.00 Cr and a paid-up capital of Rs 98.00 Cr.
The company currently has active open charges totaling ₹54.65 Cr. The company has closed loans amounting to ₹50.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Asrec (India) Limited India are Angad Roy as CFO and Pallavi Parikh as Company Secretary. Kodumudi Krishnan, Banavar Prabhakar, Vijayendra Badida, and Four 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
U67100MH2003GOI143291
- Company No.
143291
- Company Classification
Public Limited Union Government Company
- Incorporation Date
25 Nov 2003
- Date of AGM
26 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Financial Services
What products or services does Asrec (India) Limited offer?
Asrec (India) Limited offers a wide range of products and services, including BPO Services, Outsourcing Service, Business Auditing & Valuation, Valuation Services, Investment Service, Investor Relations Services.
Asrec (India) Limited
Explore comprehensive data for Asrec (India) Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Asrec (India)?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Girish Sinha  | Managing Director | 01-Oct-2019 | Current |
| Angad Roy | CFO | 01-Apr-2018 | Current |
| Pallavi Parikh | Company Secretary | 24-Dec-2018 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Banavar Prabhakar | Director | 02-Apr-2009 | Current |
| Kodumudi Krishnan | Director | 25-Apr-2023 | Current |
| Vijayendra Badida | Additional Director | Current | |
| Varagoor Maya | Additional Director | 28-Feb-2024 | Current |
| Athiyur Vijayakumar | Additional Director | 29-Apr-2024 | Current |
| Deepak Gupta | Additional Director | 19-Jun-2024 | Current |
Financial Performance of Asrec (India).
Asrec (India) Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 28.15% decrease. The company also saw a substantial fall in profitability, with a 11.76% decrease in profit. The company's net worth moved up by a moderate rise of 9.85%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Asrec (India)?
In 2023, Asrec (India) had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Ujjivan Small Finance Bank LimitedBanavar Prabhakar is a mutual person
Tata Consumer Products LimitedKodumudi Krishnan is a mutual person
Finagg Capital Private LimitedBanavar Prabhakar is a mutual person
Infomerics Valuation And Rating Private LimitedBanavar Prabhakar is a mutual person
Dr.Reddy's Laboratories LtdKodumudi Krishnan is a mutual person
Indian Institute For Human SettlementsKodumudi Krishnan is a mutual person
Charges (Loans)
Open Charges
₹54.65 Cr
Satisfied Charges
₹50.00 Cr
Charges Breakdown by Lending Institutions
- Others : 54.65 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Dec 2020 | Others | ₹8.00 Cr | Open |
| 29 Sep 2020 | Others | ₹1.00 M | Open |
| 11 Aug 2020 | Others | ₹10.00 Cr | Open |
| 20 Feb 2020 | Others | ₹36.55 Cr | Open |
| 29 Mar 2011 | Canara Bank | ₹50.00 Cr | Satisfied |
How Many Employees Work at Asrec (India)?
Asrec (India) has a workforce of 45 employees as of Apr 04, 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 Asrec (India), 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 Asrec (India)'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.
Latest Updates, News, and FAQs on Asrec (India)
Recent activity within the organization
- Director Appointment
Deepak Kumar Gupta was appointed as a Additional Director was appointed as a Additional Director on 19 Jun 2024 & has been associated with this company since 10 months 7 days .
- Director Appointment
Athiyur Badrinarayanan Vijayakumar was appointed as a Additional Director was appointed as a Additional Director on 29 Apr 2024 & has been associated with this company since 11 months 28 days .
- Director Appointment
Varagoor Nagarajan Maya was appointed as a Additional Director was appointed as a Additional Director on 28 Feb 2024 & has been associated with this company since 1 year 1 month .
- Annual General Meeting
Asrec (India) Limited last Annual general meeting of members was held on 26 Sep 2023 as per latest MCA records.
- Director Appointment
Kodumudi Pranatharthiharan Krishnan was appointed as a Director was appointed as a Director on 25 Apr 2023 & has been associated with this company since 2 years 2 days .
- Balance Sheet
Asrec (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
Recent News, Updates & Announcement
- Union Bank's Debt from KSK Mahanadi Power and Raigarh Champa Rail Sparks Swiss Challenge Auction with ASREC (India) Ltd as Major Contender.
When Union Bank of India tried to sell its debt from KSK Mahanadi Power and Raigarh Champa Rail, ASREC (India) Ltd offered to buy it for a lower price. This triggered a Swiss challenge auction, where other companies can bid for the debt. ASREC is backed by LIC and three PSU banks, and has already bought debt from KSK Mahanadi before. The distressed power producer has been undergoing insolvency proceedings for four years, and several companies have expressed interest in acquiring it. However, litigation has delayed the resolution process..
- Andhra Bank to Sell Shares in Joint Venture Companies Amid Financial Struggles.
Andhra Bank wants to sell its shares in joint venture companies like IndiaFirst Life Insurance and India International Bank. These companies are owned by other banks and financial firms. The bank's CEO also owns some shares in one of the companies. Andhra Bank has been losing money and wants to make some changes..
Frequently asked questions
What is the Incorporation or founding date of Asrec (India) Limited?
Asrec (India) Limited was incorporated on 25 Nov 2003.
What is authorized share capital and paid-up capital of Asrec (India) Limited?
The authorized share capital of Asrec (India) Limited is ₹ 125.00 Cr and paid-up capital is ₹ 98.00 Cr.
Who are the current board members & directors of Asrec (India) Limited?
Currently 9 directors are associated with Asrec (India) Limited.
- Kodumudi Pranatharthiharan Krishnan
- Banavar Anantharamaiah Prabhakar
- Vijayendra Parthasarthy Badida
- Girish Sharan Sinha
- Varagoor Nagarajan Maya
- Athiyur Badrinarayanan Vijayakumar
- Deepak Kumar Gupta
- Angad Kumar Roy
- Pallavi Ramanlal Parikh
What is the registered address of Asrec (India) Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Asrec (India) Limited is Unit No. 201 200A 202 200B Ground Floor Build 2 Solitaire Corporate Park, A Ndheri (E) India, Andheri Kurla Road, Maharashtra, 400059.
What is the corporate identification number (CIN) and company number of Asrec (India) Limited?
The corporate identification number (CIN) of Asrec (India) Limited is U67100MH2003GOI143291 and the company number is 143291 as per Ministry of Corporate Affairs (MCA).
What is the official website of Asrec (India) Limited?
The Official website of Asrec (India) Limited is https://www.asrecindia.co.in
What has been the recent revenue trend for Asrec (India) Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Asrec (India) Limited has fallen by -28.15%.
How many employees does Asrec (India) Limited currently have?
As Per 2023 financial reports, 45 employees are currently employed by Asrec (India) Limited.
What change has been observed in the net worth of Asrec (India) Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Asrec (India) Limited has experienced an upsurge of 9.85%.
What are the total open charges for Asrec (India) Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Asrec (India) Limited amount to ₹ 54.65 Cr.
When was the last Balance Sheet of Asrec (India) Limited filed with the ROC?
The most recent Balance Sheet for Asrec (India) Limited was filed with the ROC on 31 Mar 2023.
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