Acute Retail Infra Private Limited
About Acute Retail Infra Private Limited
Data last updated:
Acute Retail Infra Private Limited is a private limited company based in Palghar, Maharashtra, India, a subsidiary of Futurebazaar India Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the equipment leasing and financing segment of the financial services sector. It was incorporated on 15 March 2005.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH2005PTC151972. The company has 4 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹2.22 Cr and a paid-up capital of ₹1.09 Cr. It was formerly known as Acute Realty Private Limited. It is led by directors including Ramesh Muddu Shetty (Irp/Rp/Liquidator) and Digamber Jadhav Dnyaneshwar.
Its last annual general meeting (AGM) was held on 05 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Shop No. 27 01st Floor Krisha Arcade, Yashwant Shrusti Khaira Boisar Tal. & Dist. Palghar, Maharashtra, India – 401501.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.7 Cr, a decline of 60% compared to the previous year. For the same year it recorded a net loss of ₹20.19 Cr and EBITDA of ₹1.14 Cr (EBITDA margin 42.2%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years.
As per MCA filings, the company has open charges of ₹329.53 Cr and satisfied charges of ₹565 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹63 Cr; the latest was in August 2020.
Company details
Contact details
Acute Retail Infra Private Limited's registered office is in Palghar, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No. 27 01st Floor Krisha Arcade, Yashwant Shrusti Khaira Boisar Tal. & Dist. Palghar, Maharashtra, India – 401501
- IndustryFinancial Services, Equipment Leasing & Financing, Real Estate Financing
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- 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
Business activity
The main business activity of Acute Retail Infra is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Acute Retail Infra Private Limited, buy the company report.
Financials of Acute Retail Infra Private Limited
FY 2024 filings availableAcute Retail Infra Private Limited reported revenue of ₹2.7 Cr (down 60% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 60% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 81% 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 | |||||
| Other Income | |||||
| Total Revenue | ₹2.7 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹1.14 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹20.19 Cr | ||||
| 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 | 42.2% | ||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Acute Retail Infra Private Limited, buy the company report.
Board of directors of Acute Retail Infra Private Limited
Acute Retail Infra has 3 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Muddu Shetty Also directs: Cfoally Services LLP | Irp/Rp/Liquidator | 30 Dec 2024 | 1 Years 10 Months | As last reported |
| Digamber Jadhav Dnyaneshwar | Director | 13 Sep 2022 | 4 Years 1 Months | As last reported |
| Pradeep Madhukar More Also directs: Unique Malls Private Limited, Basuti Sales and Trading Private Limited, Fabsin Trading and Agency Private Limited and 5 more | Director | 20 May 2022 | 4 Years 5 Months | As last reported |
Auditor
Acute Retail Infra Private Limited is audited by R S Ajwani & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R S Ajwani & Co | FY 2023 | 131853W |
Shareholding
The shareholding of Acute Retail Infra 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Acute Retail Infra Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jul 2021 | 100484717 | Others | ₹19.92 Cr | Open | |
| 30 Jul 2021 | 100484935 | Others | ₹175 Cr | Open | |
| 30 Jul 2021 | 100484932 | Others | ₹40.82 Cr | Open | |
| 30 Jul 2021 | 100484931 | Others | ₹2.8 Cr | Open | |
| 17 Dec 2018 | 100226111 | Others | ₹25 Cr | Open |
To see the full charge records of Acute Retail Infra Private Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Acute Retail Infra Private Limited has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹63 Cr; the latest was in August 2020.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2020 | Secondary share transfer | Undisclosed | Buyer: Futurebazaar India Limited Seller: Unique Malls Private Limited , Rivaaz Trade Ventures Private Limited , Niyman Mall Management Company Private Limited |
| Nov 2019 | Secondary share transfer | Undisclosed | Buyer: Harmony Malls Management Private Limited Seller: Ujjain Future Bazaar Private Limited |
| Feb 2019 | Secondary share transfer | Undisclosed | Buyer: Rivaaz Trade Ventures Private Limited , Ujjain Future Bazaar Private Limited Seller: F R Retail Destination Private Limited , Future Market Networks Limited , an individual |
| Sep 2014 | Funding round | ₹63 Cr | Investors: Bansi Mall Management Company Private Limited , Iskrupa Mall Management Company Private Limited , Nishta Mall Management Company Private Limited |
| Jan 2012 | Secondary share transfer | Undisclosed | Buyer: Future Market Networks Limited , an individual Seller: Future Realtors India Private Limited , an individual |
To see the full deal history of Acute Retail Infra 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
Acute Retail Infra Private Limited has 2 court cases on record: 2 filed by Acute Retail Infra. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed by the company against The Deputy Commissioner of Income Tax and 6 Ors and 6 others | Disposed |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Acute Retail Infra 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.
Credit ratings & regulatory alerts
Acute Retail Infra Private Limited was last rated by Care on 30 Jul 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 30 Jul 2019 |
To see the full credit ratings and regulatory alerts of Acute Retail Infra Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Acute Retail Infra Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Acute Retail Infra has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Acute Retail Infra Private Limited, buy the company report.
Recent activity
Acute Retail Infra Private Limited has 21 board changes on record since 2008: 3 appointments and 18 cessations. The latest: Ramesh Muddu Shetty was appointed as Irp/Rp/Liquidator on 30 Dec 2024.
35 earlier events are in the company report.
Frequently asked questions
Acute Retail Infra is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Acute Retail Infra is a company under insolvency, formerly operating as a private limited company based in Palghar, Maharashtra, India. The company works in equipment leasing and financing, within the financial services industry. It was incorporated on 15 March 2005 and is registered under CIN U70100MH2005PTC151972. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Acute Retail Infra has 3 current directors:
- Digamber Jadhav Dnyaneshwar - Director
- Pradeep Madhukar More - Director
- Ramesh Muddu Shetty - Irp/Rp/Liquidator
The latest financial statements of Acute Retail Infra on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 05 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Acute Retail Infra is U70100MH2005PTC151972. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Acute Retail Infra has open charges of ₹329.53 Cr and satisfied charges of ₹565 Cr as per latest MCA filings.
Acute Retail Infra has 2 court cases on record: 2 filed by the company. Most are in the high courts.
Acute Retail Infra was incorporated on 15 March 2005. It is registered with the Registrar of Companies, Mumbai.
Acute Retail Infra has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹63 Cr; the latest was in August 2020.
Ramesh Muddu Shetty was appointed as Irp/Rp/Liquidator on 30 Dec 2024. Vinod Moreshwar Patil ceased to be Director on 19 Nov 2022. Digamber Jadhav Dnyaneshwar ceased to be Additional Director on 30 Sep 2022. Acute Retail Infra has 21 board changes on record in total.
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