Akshara Rentals Private Limited
About Akshara Rentals Private Limited
Data last updated:
Akshara Rentals Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the equipment segment of the automobiles sector. It was incorporated on 07 May 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U71220MP2012PTC028372. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Supriya Asawa and Jugalkishor Rajgopal Asawa.
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 Ipf 25/1 Shalimar Township A. B. Road, Indore, Madhya Pradesh, India – 452010.
As per the financials filed for FY 2023, the company reported a revenue of ₹60,000, a decline of 77% compared to the previous year. For the same year it recorded a net loss of ₹1.77 Lakh (net margin -295.7%) and EBITDA of ₹16,000 (EBITDA margin 26.7%). Revenue has declined at a compounded annual rate (CAGR) of 55% over three years and 38% over five years.
As per MCA filings, the company has open charges of ₹44.6 Lakh on record.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Akshara Rentals Private Limited's registered office is in Indore, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressIpf 25/1 Shalimar Township A. B. Road, Indore, Madhya Pradesh, India – 452010
- IndustryAutomobile, Equipment, Machinery, Motor Vehicles, Renting, Capital Goods
To see the full contact details of Akshara Rentals 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 Rentals is support service to organizations. In detail, this covers rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities |
To see the full business activity and turnover split of Akshara Rentals Private Limited, buy the company report.
Financials of Akshara Rentals Private Limited
FY 2023 filings availableAkshara Rentals Private Limited reported revenue of ₹60,000 (down 77% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 38% over five years, including a 77% fall in the latest year. EBITDA fell 89% 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 |
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| EBITDA | ₹16,000 | ||||
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| Net Profit (PAT) | -₹1.77 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | 26.7% | ||||
| Net Profit Margin | -295.7% | ||||
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To see the full financial statements and ratios of Akshara Rentals Private Limited, buy the company report.
Board of directors of Akshara Rentals Private Limited
Akshara Rentals has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Supriya Asawa | Director | 10 Jul 2012 | 14 Years 3 Months | Current |
| Jugalkishor Rajgopal Asawa | Director | 07 May 2012 | 14 Years 5 Months | Current |
| Rajgopal Bansilal Asawa | Director | 05 Jan 2013 | 13 Years 9 Months | Current |
Peer comparison
Akshara Rentals Private Limited is compared with the 3 companies closest to it by revenue in the Ecommerce and Internet industry (Rentals), with the same principal business activity (rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Avatar Rentals Private Limited | ₹1.11 Lakh (FY 2024) | -87.0% | Nahsik, Maharashtra, India | |||
| Akshara Rentals Private Limitedthis company | ₹60,000 (FY 2023) | -₹1.77 Lakh | -295.7% | -77.0% | Indore, Madhya Pradesh, India | |
| Millennium Systems and Rentals Private Limited | ₹39,400 (FY 2021) | 67831.0% | Navi Mumbai, Maharashtra, India | |||
| Calcutta Car Rentals Private Limited | ₹35,077 (FY 2022) | Kolkata, West Bengal, India |
To see the full peer comparison of Akshara Rentals Private Limited, buy the company report.
Auditor
Akshara Rentals Private Limited is audited by J R D & Associates for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J R D & Associates | FY 2017 | 007062C |
Shareholding
The shareholding of Akshara Rentals Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Akshara Rentals Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jul 2012 | 10372016 | Tata Capital Financial Services Limited | ₹6.41 Lakh | Open | |
| 30 Jun 2012 | 10372017 | Tata Capital Financial Services Limited | ₹13.12 Lakh | Open | |
| 30 Jun 2012 | 10372019 | Tata Capital Financial Services Limited | ₹25.07 Lakh | Open |
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Akshara Rentals 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 Rentals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Akshara Rentals 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 Rentals Private Limited, buy the company report.
Recent activity
Akshara Rentals Private Limited has 6 board changes on record since 2012: 3 appointments and 3 cessations. The latest: Rajgopal Bansilal Asawa ceased to be Additional Director on 05 Nov 2013.
Frequently asked questions
Akshara Rentals is an active private limited company based in Indore, Madhya Pradesh, India. The company works in equipment, within the automobile industry. It was incorporated on 07 May 2012 (14+ years old) and is registered under CIN U71220MP2012PTC028372.
Akshara Rentals has 3 current directors:
- Supriya Asawa - Director
- Jugalkishor Rajgopal Asawa - Director
- Rajgopal Bansilal Asawa - Director
The latest financial statements of Akshara Rentals 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 2015 are in the company report.
No. Akshara Rentals has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Akshara Rentals is U71220MP2012PTC028372. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akshara Rentals was incorporated on 07 May 2012, making it 14+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Akshara Rentals by revenue are Avatar Rentals Private Limited, Millennium Systems and Rentals Private Limited, Calcutta Car Rentals Private Limited, all in the Ecommerce and Internet industry (Rentals), with the same principal business activity (rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities).
Rajgopal Bansilal Asawa ceased to be Additional Director on 05 Nov 2013. Supriya Asawa ceased to be Additional Director on 05 Nov 2013. Rajgopal Bansilal Asawa was appointed as Director on 05 Jan 2013. Akshara Rentals has 6 board changes on record in total.
The registered office of Akshara Rentals is at Ipf 251 Shalimar Township A. B. Road, Indore, Madhya Pradesh, India – 452010.
Akshara Rentals operates in the automobile industry, in the equipment segment.
Akshara Rentals has open charges of ₹44.6 Lakh and no satisfied charges on record as per latest MCA filings.