Rakesh Credits Profile
Key Indicators
- Authorised Capital ₹ 3.00 Cr
as on 16-11-2024
- Paid Up Capital ₹ 1.24 Cr
as on 16-11-2024
- Company Age 31 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 4.10 Cr
as on 16-11-2024
- Satisfied Charges ₹ 8.35 Cr
as on 16-11-2024
- Revenue 103.98%
(FY 2023)
- Profit 3.14%
(FY 2023)
- Ebitda 130.19%
(FY 2023)
- Net Worth -19.74%
(FY 2023)
- Total Assets 38.73%
(FY 2023)
About Rakesh Credits
The Corporate was formerly known as Rakesh Trade Credits 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 3.00 Cr and a paid-up capital of Rs 1.24 Cr.
The company currently has active open charges totaling ₹4.10 Cr. The company has closed loans amounting to ₹8.35 Cr, as per Ministry of Corporate Affairs (MCA) records.
Tejraj Jain, Tejraj Kumar, Tejraj Jain, and One other member serve as directors at the Company.
- CIN/LLPIN
U71309TN1993PLC025498
- Company No.
025498
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
26 Jul 1993
- Date of AGM
25 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Company Details
- LocationTamilnadu, Tamil Nadu
- Telephone
- Email Address
- Website
- Social Media-
Who are the key members and board of directors at Rakesh Credits?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Tejraj Jain  | Managing Director | 26-Jul-1993 | Current |
Board Members(3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Tejraj Kumar | Director | 27-Mar-2004 | Current |
| Tejraj Jain | Director | 31-Mar-1997 | Current |
| Hemalatha | Director | 15-Apr-2016 | Current |
Financial Performance of Rakesh Credits.
Rakesh Credits Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 103.98% increase. The company also saw a slight improvement in profitability, with a 3.14% increase in profit. The company's net worth observed a substantial decline by a decrease of 19.74%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metric |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Rakesh Credits?
In 2023, Rakesh Credits 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)
Germa Construction Private LimitedActive 9 years 6 monthsTejraj Jain and Tejraj Kumar are mutual person
Germa Sanitaryware Private LimitedActive 9 years 8 monthsTejraj Jain and Tejraj Kumar are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 05 Apr 2023 | ₹1.00 Cr | Open |
Hdfc Bank Limited Creation Date: 31 May 2022 | ₹1.02 M | Open |
Others Creation Date: 22 Apr 2022 | ₹3.00 Cr | Open |
How Many Employees Work at Rakesh Credits?
Rakesh Credits has a workforce of 92 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 Rakesh Credits, 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 Rakesh Credits'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.
