About
Basic Data Updated:
3 months agoIncorporated in 1990, Arete Services Private Limited is a renowned company that specializes in providing exceptional hospitality services, managing real estate properties, and operating retail outlet stores under the brand name 'WETSIDE' through franchise agreements. Additionally, the company has also leased out some of its properties to other businesses. With its registered office situated in Vapi, Gujarat, ASPL has a total of 12 subsidiaries that are involved in various industries. The story of Arete Services Private Limited began three decades ago when it was established with a vision to provide top-notch hospitality services to its clients. Over the years, the company has expanded its operations and ventured into other businesses such as real estate and retail. Today, ASPL is a well-... Read More
Industry
Company Details
- Location
Valsad, Gujarat, India
- Website1222442
- Telephone1222442
- Email Address1222442
| CIN/LLPIN/FCRN | U60231GJ1990PTC013617 |
| Company No. | 013617 |
| Company Classification | Private Limited Indian Non-Government Company |
| Incorporation Date | 12 Apr 1990 |
| Date of AGM | 30 Sep 2023 |
| Date of Balance Sheet | 31 Mar 2023 |
| Listing Status | Unlisted |
| ROC Code | Roc Ahmedabad |
Financials of Arete Services Private Limited
Arete Services Private Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 31.54% decrease. The company also saw a substantial fall in profitability, with a 103.01% decrease in profit. The company's net worth dipped by a decrease of 0.89%.
Enhance accessibility to Arete Services's financial data by unlocking access to both Standalone and Consolidated balance sheets, Profit & Loss Statements, Ratios, Related Party Transactions, and additional relevant information.
Corporate Structure
Unlock access to Arete Services's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.
People in Arete Services Private Limited
Unlock and access historical data on people associated with Arete Services, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Board Members(3)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Hdfc Bank Limited Creation Date: 02 Sep 2023 | ₹4.60 M | Open |
Axis Bank Limited Creation Date: 05 Jul 2023 | ₹17.58 Cr | Open |
Hdfc Bank Limited Creation Date: 21 Feb 2023 | ₹0.65 M | Open |
Deals i
Gain comprehensive insights into the Deals and Valuation data of Arete Services, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Arete Services's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alert
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Related Corporates (Common Directorship)
9 years 26 days 
Recent activity within the organization
Charges
A charge registered on 28 Oct 2020 via Charge ID 100387483 with Axis Bank Limited was fully satisfied on 10 Oct 2023.
10 Oct 2023Annual General Meeting
Arete Services Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
30 Sep 2023Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.46 cr with Charge ID 100784749 was registered on 02 Sep 2023.
02 Sep 2023Charges
A charge with Axis Bank Limited amounted to Rs. 17.58 cr with Charge ID 100754835 was registered on 05 Jul 2023.
05 Jul 2023Charges
A charge registered on 04 May 2018 via Charge ID 100182675 with Axis Bank Limited was fully satisfied on 25 May 2023.
25 May 2023
Recent News, Updates & Announcement
Arete Group sells industrial land to Hindalco Industries at PIP Dahej.ConstructionWeekonline 03 Jan 2024
- Fortune Hotels inks a new alliance at Statue of Unity Kevadia Gujarat.
Hospitalitybizindia 16 Sep 2023
- Arete Group sells 38 acre industrial land in Gujarat to Gharda Chemicals.
Business Standard 06 Sep 2023
- Arete Group secures 100 million loan.
Property Forum 01 Feb 2023
Frequently asked questions
What is the Incorporation or founding date of Arete Services Private Limited?
