India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,009 Arunkumar Poddar & family ₹2,700 Cr
Revenue · FY 2025
₹13.48 Cr
▲ 30% YoY
Net profit · FY 2025
₹93.23 Lakh
Net margin 6.9%
EBITDA · FY 2025
₹2.69 Cr
EBITDA margin 20%
Authorised capital
₹6.5 Cr
Registered with MCA
Paid-up capital
₹3.47 Cr
Issued & subscribed
Open charges
₹31 Cr
Satisfied ₹111 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
56
Provident fund records
About Arete Capital Service Private Limited
Data last updated:
Arete Capital Service Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Kavisri Enterprises Private Limited. It operates in the financial product distributors segment of the financial services sector. It was incorporated on 20 December 1996 and has been in existence for over 30 years.
Its director Arunkumar Poddar and family are #1,009 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1996PTC104655. Its GSTIN is 27AAACE8545M1Z7 (Maharashtra).
The company has an authorised share capital of ₹6.5 Cr and a paid-up capital of ₹3.47 Cr. It was formerly known as Spa Global Private Limited and Evergreen Broking Pvt Ltd. It is led by directors including Kamal Kishore Somani and Arun Kumar Poddar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 101 A 10th Floor Mittal Court Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.48 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹93.23 Lakh (net margin 6.9%) and EBITDA of ₹2.69 Cr (EBITDA margin 20%). Revenue has declined at a compounded annual rate (CAGR) of 74% over three years and 49% over five years.
The company has about 56 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Arete Capital. As per MCA filings, the company has open charges of ₹31 Cr and satisfied charges of ₹111 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aretecapital.co.in.
Company details
CIN U67120MH1996PTC104655
Registration Number 104655
Incorporation Date 20 December 1996
ROC Mumbai
Listing Status Unlisted
Company Status Active
Parent Company Kavisri Enterprises Private Limited
Compliance Status Active Compliant
Name history
Arete Capital Service has undergone 3 name changes throughout its history. The company was previously known as Spa Global Private Limited, Evergreen Broking Pvt Ltd, and Arete Capital Services Private Limited. The current legal name is Arete Capital Service Private Limited.
| Company Name | Status |
|---|---|
| Arete Capital Service Private Limited | Current |
| Spa Global Private Limited | Previous |
| Evergreen Broking Pvt Ltd | Previous |
| Arete Capital Services Private Limited | Previous |
Key People
Kamal Kishore Somani Director Arun Kumar Poddar Additional Director Ajay Rajendra Kejriwal Additional Director Recognitions & Rankings of Arete Capital Service
Contact details
Arete Capital Service Private Limited's registered office is in Mumbai, Maharashtra. Its website is aretecapital.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address101 A 10th Floor Mittal Court Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryFinancial Services, Financial Product Distributors
To see the full contact details of Arete Capital Service Private Limited, buy the company report.
Comprehensive company report
Arete Capital Service Private Limited - one report that includes everything
- 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
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Brands
Arete Capital Service operates one associated brand: Arete Capital. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Investment advisory and retirement fund solutions are provided. | aretecapital.co.in |
Business activity
The main business activity of Arete Capital Service is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Arete Capital Service Private Limited, buy the company report.
Financials of Arete Capital Service Private Limited
FY 2025 filings availableArete Capital Service Private Limited reported revenue of ₹13.48 Cr (up 30% YoY) for FY 2025.
Revenue · FY 2025
₹13.48 Cr ▲ 30%
Net profit · FY 2025
₹93.23 Lakh margin 6.9%
EBITDA · FY 2025
₹2.69 Cr margin 20%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 30%
3 years · compounded
▼ 74%
5 years · compounded
▼ 49%
EBITDA CAGR growth
1 year
▲ 37%
3 years · compounded
▲ 17%
5 years · compounded
▲ 35%
Revenue rose 30% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 49%. EBITDA rose 37% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.69 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹93.23 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20% | ||||
| Net Profit Margin | 6.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Arete Capital Service Private Limited, buy the company report.
Board of directors of Arete Capital Service Private Limited
Arete Capital Service has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamal Kishore Somani | Director | 28 Aug 2002 | 24 Years 2 Months | Current |
| Arun Kumar Poddar Also directs: Choice Strategic Advisors LLP, Choice International Limited, Choice Consultancy Services Private Limited and 5 more | Additional Director | 28 Mar 2025 | 1 Years 7 Months | Current |
| Ajay Rajendra Kejriwal Also directs: Choice International Limited, Choice Wealth Private Limited, Choice Amc Private Limited and 5 more | Additional Director | 28 Mar 2025 | 1 Years 7 Months | Current |
Auditor
Arete Capital Service Private Limited is audited by Jagdish Bansal & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jagdish Bansal & Associates | FY 2022 | 103820W |
Shareholding
The shareholding of Arete Capital Service 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 Arete Capital Service Private Limited, buy the company report.
Charges & borrowings
Open charges
₹31 Cr
Satisfied charges
₹111 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jan 2021 | 100417244 | Others | ₹31 Cr | Open | |
| 03 Oct 2016 | 100057658 | Others | ₹76 Cr | Satisfied | |
| 08 Mar 2007 | 10043580 | The Bank of Rajasthan Limited | ₹25 Cr | Satisfied | |
| 26 Sep 2003 | 90144702 | Hdfc Bank Limited | ₹10 Cr | Satisfied |
To see the full charge records of Arete Capital Service Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Arete Capital Service Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (S) | Filed against the company by Spa Capital Services Limited | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Spa Capital Services Limited | Disposed |
To see the full case history of Arete Capital Service 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 Arete Capital Service Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Arete Capital Service Private Limited has a workforce of 56 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
56
Active EPFO establishments
1
Employee growth
460%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 56 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 |
To see the full employee and EPFO history of Arete Capital Service Private Limited, buy the company report.
GST
Arete Capital Service has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACE8545M1Z7 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Arete Capital Service Private Limited, buy the company report.
Recent activity
Arete Capital Service Private Limited has 7 board changes on record since 2002: 3 appointments and 4 cessations. The latest: Ajay Rajendra Kejriwal was appointed as Additional Director on 28 Mar 2025.
AGM
Arete Capital Service Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Arete Capital Service Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Ajay Rajendra Kejriwal was appointed as Additional Director.
Appointed
Arun Kumar Poddar was appointed as Additional Director.
Charges
A charge registered on 03 Oct 2016 via Charge ID 100057658 with Others was fully satisfied on 14 Aug 2024.
Charges
A charge with Others of Rs. 31.00 Cr registered on 28 Jan 2021 with Charge ID 100417244 was modified on 01 Jul 2023.
Charges
A charge with Others of Rs. 76.00 Cr registered on 03 Oct 2016 with Charge ID 100057658 was modified on 11 Apr 2022.
Charges
A charge with Others amounted to Rs. 31.00 Cr with Charge ID 100417244 was registered on 28 Jan 2021.
Ceased
Sandeep Parwal ceased to be Director.
Ceased
Swati Sandeep Nivalkar ceased to be Company Secretary.
Charges
A charge with Others amounted to Rs. 76.00 Cr with Charge ID 100057658 was registered on 03 Oct 2016.
Ceased
Sanjay Kumar Jain ceased to be Additional Director.
7 earlier events are in the company report.
Frequently asked questions
Arete Capital Service is an active private limited company based in Mumbai, Maharashtra, India. The company works in financial product distributors, within the financial services industry. It was incorporated on 20 December 1996 (30+ years old) and is registered under CIN U67120MH1996PTC104655.
Arete Capital Service has 3 current directors:
- Kamal Kishore Somani - Director
- Arun Kumar Poddar - Additional Director
- Ajay Rajendra Kejriwal - Additional Director
The latest financial statements of Arete Capital Service on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Arete Capital Service is 27AAACE8545M1Z7, registered in Maharashtra.
The CIN (Corporate Identification Number) of Arete Capital Service is U67120MH1996PTC104655. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Arete Capital Service has 2 court cases on record: 2 filed against it.
Arete Capital Service was incorporated on 20 December 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Ajay Rajendra Kejriwal was appointed as Additional Director on 28 Mar 2025. Arun Kumar Poddar was appointed as Additional Director on 28 Mar 2025. Sandeep Parwal ceased to be Director on 29 Aug 2019. Arete Capital Service has 7 board changes on record in total.
Arete Capital Service can be reached through the website aretecapital.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Arete Capital Service is at 101 A 10th Floor Mittal Court Nariman Point, Mumbai, Maharashtra, India – 400021.
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