Asrec (India) Profile
Key Indicators
- Authorised Capital ₹ 125.00 Cr
- Paid Up Capital ₹ 98.00 Cr
- Company Age 21 Year, 2 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 two 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
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.
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)
₹54.65 Cr
₹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.
