Rentasset Initiatives Profile
Key Indicators
- Authorised Capital ₹ 2.00 M
as on 17-11-2024
- Paid Up Capital ₹ 1.68 M
as on 17-11-2024
- Company Age 11 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 34.18 Cr
as on 17-11-2024
- Satisfied Charges ₹ 51.46 Cr
as on 17-11-2024
- Revenue -82.03%
(FY 2023)
- Profit -227.18%
(FY 2023)
- Ebitda -230.98%
(FY 2023)
- Net Worth -24.28%
(FY 2023)
- Total Assets 8.16%
(FY 2023)
About Rentasset Initiatives
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.
- 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
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
- Email Address
- Website
- Social Media-
Who are the key members and board of directors at Rentasset Initiatives?
Board Members(3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Boman Jehangir  | Whole-Time Director | 24-Sep-2013 | Current |
| Alagappan Murugappan | Nominee Director | 17-Nov-2014 | Current |
| Satish Rathnakumar | Whole-Time Director | 24-Sep-2013 | Current |
Financial Performance and Corporate Structure Insights 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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.
Related Corporates (Common Directorship)
M A Alagappan Holdings Private LimitedActive 17 years 9 monthsAlagappan Murugappan is a mutual person
- Murugappa Educational And Medical FoundationActive 42 years 7 months
Alagappan Murugappan is a mutual person
- Invictus Capital Solutions LlpActive 12 years 5 months
Boman Jehangir and Satish Rathnakumar are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 30 May 2024 | ₹1.82 Cr | Open |
Others Creation Date: 26 Apr 2024 | ₹1.22 M | Open |
Others Creation Date: 26 Apr 2024 | ₹1.23 Cr | Open |
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.
Deals i
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
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.
