Akshara Operating Lease Private Limited
About Akshara Operating Lease Private Limited
Data last updated:
Akshara Operating Lease Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the equipment leasing and financing segment of the financial services sector. It was incorporated on 04 February 2016.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U71200MH2016PTC272641. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Jigarkumar Tarachandbhai Bhandari and Harshilkumar Shyamlal Shah.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 2nd Floor B Building Knowledge House Shyam Nagar Off. Jvlr Jogeshwari East, Mumbai, Maharashtra, India – 400060.
As per the financials filed for FY 2018, the company reported a revenue of ₹55 Cr, a growth of 99% compared to the previous year. For the same year it recorded a net profit of ₹20.91 Lakh (net margin 0.4%) and EBITDA of ₹20.11 Cr (EBITDA margin 36.6%).
Company details
Contact details
Akshara Operating Lease Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address2nd Floor B Building Knowledge House Shyam Nagar Off. Jvlr Jogeshwari East, Mumbai, Maharashtra, India – 400060
- IndustryFinancial Services, Equipment Leasing & Financing
To see the full contact details of Akshara Operating Lease 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
Business activity
The main business activity of Akshara Operating Lease 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 Akshara Operating Lease Private Limited, buy the company report.
Financials of Akshara Operating Lease Private Limited
FY 2018 filings availableAkshara Operating Lease Private Limited reported revenue of ₹55 Cr (up 99% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 99% in the latest year. EBITDA rose 3% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹55 Cr | ||
| Other Income | |||
| Total Revenue | |||
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| Total Expenses | |||
| EBITDA | ₹20.11 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹20.91 Lakh | ||
| Balance Sheet | |||
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| Reserves and Surplus | |||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 36.6% | ||
| Net Profit Margin | 0.4% | ||
| Return on Equity (ROE) | |||
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| Return on Assets (ROA) | |||
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To see the full financial statements and ratios of Akshara Operating Lease Private Limited, buy the company report.
Board of directors of Akshara Operating Lease Private Limited
Akshara Operating Lease has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jigarkumar Tarachandbhai Bhandari | Director | 16 Mar 2016 | 10 Years 7 Months | As last reported |
| Harshilkumar Shyamlal Shah | Director | 16 Mar 2016 | 10 Years 7 Months | As last reported |
Auditor
Akshara Operating Lease Private Limited is audited by LODHA ASHISH & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LODHA ASHISH & ASSOCIATES | FY 2018 | 142477W |
Shareholding
The shareholding of Akshara Operating Lease Private Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Akshara Operating Lease Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Akshara Operating Lease Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Akshara Operating Lease Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Akshara Operating Lease has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Akshara Operating Lease Private Limited, buy the company report.
Recent activity
Akshara Operating Lease Private Limited has 6 board changes on record since 2016: 2 appointments and 4 cessations. The latest: Harshilkumar Shyamlal Shah ceased to be Additional Director on 31 Oct 2017.
Frequently asked questions
Akshara Operating Lease has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Akshara Operating Lease was a private limited company based in Mumbai, Maharashtra, India. The company worked in equipment leasing and financing, within the financial services industry. It was incorporated on 04 February 2016 and is registered under CIN U71200MH2016PTC272641. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Akshara Operating Lease was incorporated on 04 February 2016. It is registered with the Registrar of Companies, Mumbai.
Akshara Operating Lease had 2 directors:
- Jigarkumar Tarachandbhai Bhandari - Director
- Harshilkumar Shyamlal Shah - Director
The CIN (Corporate Identification Number) of Akshara Operating Lease is U71200MH2016PTC272641. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Akshara Operating Lease is at 2nd Floor B Building Knowledge House Shyam Nagar Off. Jvlr Jogeshwari East, Mumbai, Maharashtra, India – 400060.
The latest financial statements of Akshara Operating Lease on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from FY 2016 are in the company report.
No. Akshara Operating Lease has 1 GST registration on record and it is cancelled or inactive.
Akshara Operating Lease operated in the financial services industry, in the equipment leasing and financing segment.
Harshilkumar Shyamlal Shah ceased to be Additional Director on 31 Oct 2017. Jigarkumar Tarachandbhai Bhandari ceased to be Additional Director on 31 Oct 2017. Hanuman Prasad Prajapat ceased to be Director on 16 Mar 2016. Akshara Operating Lease has 6 board changes on record in total.