About Aark World Private Limited
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Aark World Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 12 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2016PTC299575. Its GSTIN is 07AAOCA3759M1Z1 (Delhi). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2.36 Lakh. It is led by directors including Aanchal Saini and Karandeep Singh Gujral.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at F – 134 Entire Basement Part Of Ground And Entire First Floor Rajouri Garden, New Delhi, Delhi, India – 110027.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.15 Cr, a growth of 93% compared to the previous year. For the same year it recorded a net loss of ₹23.41 Lakh (net margin -10.9%) and EBITDA of -₹14.54 Lakh (EBITDA margin -6.8%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 52% over five years.
The company is associated with 2 brands: FlyRobe and Rent It BAE. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 1 case is pending. The company has 10 deals on record (8 funding rounds, 2 secondary share transfers), with disclosed funding of ₹10.43 Cr; the latest was in February 2024.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rentitbae.com.
Company details
Contact details
Aark World Private Limited's registered office is in New Delhi, Delhi. Its website is rentitbae.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressF – 134 Entire Basement Part Of Ground And Entire First Floor Rajouri Garden, New Delhi, Delhi, India – 110027
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Aark World Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Aark World operates two associated brands: FlyRobe and Rent It BAE. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multi-category fashion products are rented online for men and women. | flyrobe.com | |
| Premium fashion wear is rented via an online portal. | rentitbae.com |
Business activity
The main business activity of Aark World is personal and household service. In detail, this covers other personal service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| S | Personal and Household service | S4 | Other Personal service activities |
To see the full business activity and turnover split of Aark World Private Limited, buy the company report.
Financials of Aark World Private Limited
FY 2023 filings availableAark World Private Limited reported revenue of ₹2.15 Cr (up 93% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 52% over five years, including 93% growth in the latest year. EBITDA rose 38% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹2.15 Cr | ||||
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| EBITDA | -₹14.54 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹23.41 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -6.8% | ||||
| Net Profit Margin | -10.9% | ||||
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To see the full financial statements and ratios of Aark World Private Limited, buy the company report.
Board of directors of Aark World Private Limited
Aark World has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aanchal Saini Also directs: Green Flyrobe Private Limited | Director | 12 May 2016 | 10 Years 5 Months | Current |
| Karandeep Singh Gujral Also directs: Algo Monkey Trading Private Limited, Six Sprints Tech Consultants Private Limited, JP Tokyo India Private Limited and 1 more | Director | 30 Sep 2018 | 8 Years 0 Months | Current |
| Jaspreet Singh Gujral Also directs: Algo Monkey Trading Private Limited, Six Sprints Tech Consultants Private Limited, JP Tokyo India Private Limited and 2 more | Director | 30 Sep 2018 | 8 Years 0 Months | Current |
Auditor
Aark World Private Limited is audited by KUNAL BATRA AND COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KUNAL BATRA AND COMPANY | FY 2023 | 0035764N |
Shareholding
The shareholding of Aark World Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Aark World Private Limited, buy the company report.
Deals & funding
Aark World Private Limited has 10 deals on record (8 funding rounds, 2 secondary share transfers), with disclosed funding of ₹10.43 Cr; the latest was in February 2024.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2024 | Funding round | ₹50 Lakh | Investors: an individual |
| Mar 2023 | Funding round | ₹19.6 Lakh | Investors: Gems Partners |
| Nov 2021 | Funding round | ₹6 Lakh | Investors: Gems Partners |
| Apr 2020 | Funding round | ₹76.1 Lakh | Investors: Gems Partners |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Pronto IT Labs LLP , an individual |
To see the full deal history of Aark World Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Aark World Private Limited has 4 court cases on record: 1 filed by Aark World, 3 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, West, Delhi | Execution petition | Filed against the company by SM Express Logistics Private Limited | Disposed |
| District court, West, Delhi | Civil suit | Filed against the company by SM Express Logistics Private Limited | Disposed |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed against the company by Ecom Express Private Limited | Disposed |
| District court, West, Delhi | Commercial suit | Filed by the company against an individual | Pending |
To see the full case history of Aark World Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Aark World Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Aark World has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAOCA3759M1Z1 | Delhi | Active | 17 Aug 2017 |
| 03AAOCA3759M1Z9 | Punjab | Active | 07 Jul 2023 |
To see the full GST registrations and return filing status of Aark World Private Limited, buy the company report.
Recent activity
Aark World Private Limited has 4 board changes on record since 2016: 3 appointments and 1 cessation. The latest: Amit Sharma ceased to be Director on 15 Oct 2019.
Frequently asked questions
Aark World is an active private limited company based in New Delhi, Delhi, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 12 May 2016 (10+ years old) and is registered under CIN U74999DL2016PTC299575.
Aark World has 3 current directors:
- Aanchal Saini - Director
- Karandeep Singh Gujral - Director
- Jaspreet Singh Gujral - Director
The latest financial statements of Aark World on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Aark World is 07AAOCA3759M1Z1, registered in Delhi. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 03AAOCA3759M1Z9 (Punjab).
The CIN (Corporate Identification Number) of Aark World is U74999DL2016PTC299575. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aark World has 4 court cases on record: 1 filed by the company and 3 filed against it. 1 is pending.
Aark World was incorporated on 12 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Delhi.
Aark World has 10 deals on record (8 funding rounds, 2 secondary share transfers), with disclosed funding of ₹10.43 Cr; the latest was in February 2024.
Amit Sharma ceased to be Director on 15 Oct 2019. Jaspreet Singh Gujral was appointed as Director on 30 Sep 2018. Karandeep Singh Gujral was appointed as Director on 30 Sep 2018. Aark World has 4 board changes on record in total.
Aark World can be reached through the website rentitbae.com. Its registered office is in New Delhi, Delhi, India.