Rapid Fleet Management Services Limited

Founded in 2017 and headquartered in Tamil Nadu, India.

2017 | Chennai, Tamil Nadu (India) | Active
Last Updated: October 24, 2024

Rapid Fleet Management Services Profile

Key Indicators

  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 5.15 Cr
  • Company Age 7 Year, 1 Month
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 40.08 Cr
  • Satisfied Charges ₹ 9.61 Cr
  • Revenue Growth -7.01%
  • Profit Growth 34.20%
  • Ebitda 39.35%
  • Net Worth 60.64%
  • Total Assets -3.80%

About Rapid Fleet Management Services

Rapid Fleet Management Services Limited (RFMSL) is a Public Limited Indian Non-Government Company incorporated in India on 26 December 2017 (Seven years and one month 13 days old ). Its registered office is in Chennai, Tamil Nadu, India.

The Company is engaged in the Transport And Logistics 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 10.00 Cr and a paid-up capital of Rs 5.15 Cr.

The company currently has active open charges totaling ₹40.08 Cr. The company has closed loans amounting to ₹9.61 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Rapid Fleet Management Services Limited India are Manish Agrawal as CFO and Ankita as Company Secretary. Anandpoddar, Varun Kaushik, Akash Poddar, and Two other members serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U60232TN2017PLC120205

  • Company No.

    120205

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    26 Dec 2017

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Transport and Logistics

Who are the key members and board of directors at Rapid Fleet Management Services?

Executive Team (3)

Name Designation Appointment Date Status
Anandpoddar Country flag representing In Managing Director 12-Feb-2019 Current
Manish Agrawal Country flag representing In CFO Current
Ankita Company Secretary Current

Board Members (4)

Name Designation Appointment Date Status
Varun Kaushik Country flag representing In Director Current
Akash Poddar Country flag representing In Director 06-Feb-2024 Current
Shruti Poddar Country flag representing In Director 26-Dec-2017 Current
Rupesh Kothari Country flag representing In Director Current

Financial Performance of Rapid Fleet Management Services.

Rapid Fleet Management Services Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 7.01% decrease. The company also saw a substantial improvement in profitability, with a 34.2% increase in profit. The company's net worth Soared by an impressive increase of 60.64%.

Graph illustrating revenue growth over time
Graph showing 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
-7.01%
Revenue from Operations
-7.19%
Total Assets
-3.80%
Profit or Loss
34.20%
Net Worth
60.64%
EBITDA
39.35%

What is the Ownership and Shareholding Structure of Rapid Fleet Management Services?

In 2023, Rapid Fleet Management Services had a promoter holding of 99.50% and a public holding of 0.50%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹40.08 Cr

Satisfied Charges

₹9.61 Cr

Charges Breakdown by Lending Institutions

  • Others : 32.77 Cr
  • Axis Bank Limited : 4.12 Cr
  • Hdfc Bank Limited : 3.20 Cr

Latest Charge Details

Date Lender Amount Status
27 Sep 2024 Others ₹5.10 Cr Open
13 Sep 2024 Others ₹1.70 Cr Open
16 Jul 2024 Others ₹5.47 M Open
25 Jun 2024 Others ₹2.54 Cr Open
14 May 2024 Others ₹1.66 Cr Open

How Many Employees Work at Rapid Fleet Management Services?

Rapid Fleet Management Services has a workforce of 52 employees as of Apr 09, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Rapid Fleet Management 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 Rapid Fleet Management 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 Rapid Fleet Management Services

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 5.10 Cr with Charge ID 100982926 was registered on 27 Sep 2024.

    27 Sep 2024

  • Charges

    A charge with Others amounted to Rs. 1.70 Cr with Charge ID 100974739 was registered on 13 Sep 2024.

    13 Sep 2024

  • Charges

    A charge with Others amounted to Rs. 0.55 Cr with Charge ID 100947585 was registered on 16 Jul 2024.

    16 Jul 2024

  • Charges

    A charge with Others amounted to Rs. 2.54 Cr with Charge ID 100936943 was registered on 25 Jun 2024.

    25 Jun 2024

  • Charges

    A charge with Others amounted to Rs. 1.66 Cr with Charge ID 100919544 was registered on 14 May 2024.

    14 May 2024

  • Charges

    A charge with Others of Rs. 3.16 Cr registered on 12 Apr 2024 with Charge ID 100914764 was modified on 17 Apr 2024.

    17 Apr 2024

Frequently asked questions

  • Rapid Fleet Management Services Limited was incorporated on 26 Dec 2017.

  • The authorized share capital of Rapid Fleet Management Services Limited is ₹ 10.00 Cr and paid-up capital is ₹ 5.15 Cr.

  • Currently 7 directors are associated with Rapid Fleet Management Services Limited.

    • Anandpoddar
    • Varun Kaushik
    • Akash Poddar
    • Shruti Poddar
    • Rupesh Kothari
    • Manish Kumar Agrawal
    • Ankita
  • As per Ministry of Corporate Affairs (Mca), the registered address of Rapid Fleet Management Services Limited is New No.9, Old No.5 Coral Merchant Street India, Chennai, Tamil Nadu, 600001.

  • The corporate identification number (CIN) of Rapid Fleet Management Services Limited is U60232TN2017PLC120205 and the company number is 120205 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Rapid Fleet Management Services Limited is https://www.rapidfleet.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for Rapid Fleet Management Services Limited has fallen by -7.01%.

  • As Per 2023 financial reports, 52 employees are currently employed by Rapid Fleet Management Services Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Rapid Fleet Management Services Limited has experienced an upsurge of 60.64%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Rapid Fleet Management Services Limited amount to ₹ 40.08 Cr.

  • The most recent Balance Sheet for Rapid Fleet Management Services Limited was filed with the ROC on 31 Mar 2023.

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