Rentasset Initiatives Private Limited

Provides rental services for various assets such as IT equipment, furniture, and machinery.

2013 | Mumbai, Maharashtra (India) | Active
Last Updated:

Rentasset Initiatives Profile

Key Indicators

  • Authorised Capital ₹ 2.00 M
  • Paid Up Capital ₹ 1.68 M
  • Company Age 11 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 34.18 Cr
  • Satisfied Charges ₹ 51.46 Cr
  • Revenue Growth -82.03%
  • Profit Growth -227.18%
  • Ebitda -230.98%
  • Net Worth -24.28%
  • Total Assets 8.16%

About Rentasset Initiatives

Rentasset Initiatives Private Limited (RIPL) is a Private Limited Indian Non-Government Company incorporated in India on 24 September 2013 and has a history of 11 years and six 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 2024. It's a company limited by shares with an authorized capital of Rs 2.00 M and a paid-up capital of Rs 1.68 M.

The company currently has active open charges totaling ₹34.18 Cr. The company has closed loans amounting to ₹51.46 Cr, as per Ministry of Corporate Affairs (MCA) records.

Alagappan Murugappan, Boman Jehangir, and Satish Rathnakumar 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

    U71200MH2013PTC248503

  • Company No.

    248503

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    24 Sep 2013

  • Date of AGM

    09 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Financial Services

Who are the key members and board of directors at Rentasset Initiatives?

Board Members (3)

NameDesignationAppointment DateStatus
Boman Jehangir Country flag representing In Whole-Time Director 24-Sep-2013Current
Alagappan Murugappan Country flag representing In Nominee Director 17-Nov-2014Current
Satish Rathnakumar Country flag representing In Whole-Time Director 24-Sep-2013Current

Financial Performance of Rentasset Initiatives.

Rentasset Initiatives Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 82.03% decrease. The company also saw a substantial fall in profitability, with a 227.18% decrease in profit. The company's net worth observed a substantial decline by a decrease of 24.28%.

Rentasset Initiatives revenue growth over time
Rentasset Initiatives 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
-82.03%
Revenue from Operations
-87.82%
Total Assets
8.16%
Profit or Loss
-227.18%
Net Worth
-24.28%
EBITDA
-230.98%

What is the Ownership and Shareholding Structure of Rentasset Initiatives?

In 2023, Rentasset Initiatives had a promoter holding of 55.01% and a public holding of 44.99%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹341.81 M

Satisfied Charges

₹514.64 M

Charges Breakdown by Lending Institutions

  • Hero Fincorp Limited : 19.98 Cr
  • Others : 14.20 Cr

Latest Charge Details

DateLenderAmountStatus
30 May 2024Others₹1.82 CrOpen
26 Apr 2024Others₹1.22 MOpen
26 Apr 2024Others₹1.23 CrOpen
22 Dec 2023Others₹2.59 MOpen
13 Sep 2023Others₹3.00 MOpen

How Many Employees Work at Rentasset Initiatives?

Unlock and access historical data on people associated with Rentasset Initiatives, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Rentasset Initiatives Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Rentasset Initiatives, 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 Rentasset Initiatives'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 Rentasset Initiatives

Recent activity within the organization

  • Annual General Meeting

    Rentasset Initiatives Private Limited last Annual general meeting of members was held on 09 Sep 2024 as per latest MCA records.

  • Charges

    A charge with Others amounted to Rs. 18.24 M with Charge ID 100938197 was registered on 30 May 2024.

  • Charges

    A charge with Others amounted to Rs. 1.22 M with Charge ID 100916688 was registered on 26 Apr 2024.

  • Charges

    A charge with Others amounted to Rs. 12.31 M with Charge ID 100916693 was registered on 26 Apr 2024.

  • Balance Sheet

    Rentasset Initiatives Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Charges

    A charge with Others amounted to Rs. 2.59 M with Charge ID 100842409 was registered on 22 Dec 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Rentasset Initiatives Private Limited?

    Rentasset Initiatives Private Limited was incorporated on 24 Sep 2013.

  • What is authorized share capital and paid-up capital of Rentasset Initiatives Private Limited?

    The authorized share capital of Rentasset Initiatives Private Limited is ₹ 2.00 M and paid-up capital is ₹ 1.68 M.

  • Who are the current board members & directors of Rentasset Initiatives Private Limited?

    Currently 3 directors are associated with Rentasset Initiatives Private Limited.

    • Alagappan Arunachalam Murugappan
    • Boman Yezdani Jehangir
    • Satish Kumar Rathnakumar

  • What is the registered address of Rentasset Initiatives Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Rentasset Initiatives Private Limited is 205 B Wing 2Nd Floor Floral Deck Plaza Off. Seepz, Andheri (E) India, Mumbai, Maharashtra, 400093.

  • What is the corporate identification number (CIN) and company number of Rentasset Initiatives Private Limited?

    The corporate identification number (CIN) of Rentasset Initiatives Private Limited is U71200MH2013PTC248503 and the company number is 248503 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Rentasset Initiatives Private Limited?

    The Official website of Rentasset Initiatives Private Limited is https://www.rentasset.in

  • What has been the recent revenue trend for Rentasset Initiatives Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Rentasset Initiatives Private Limited has fallen by -82.03%.

  • What change has been observed in the net worth of Rentasset Initiatives Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Rentasset Initiatives Private Limited has experienced an downturn of -24.28%.

  • What are the total open charges for Rentasset Initiatives Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Rentasset Initiatives Private Limited amount to ₹ 34.18 Cr.

  • When was the last Balance Sheet of Rentasset Initiatives Private Limited filed with the ROC?

    The most recent Balance Sheet for Rentasset Initiatives Private Limited was filed with the ROC on 31 Mar 2024.