MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-25-0006714
Arete Services Private Limited - financial services in Vapi, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹482.76 Cr
▼ 15% YoY
Net profit · FY 2025
₹168.95 Cr
Net margin 35%
EBITDA · FY 2025
₹254.52 Cr
EBITDA margin 52.7%
Authorised capital
₹1.01 Cr
Registered with MCA
Paid-up capital
₹99 Lakh
Issued & subscribed
Open charges
₹44.16 Cr
Satisfied ₹37.95 Cr
Company age
36 yrs
Est. 1990
Employees · EPFO
332
Provident fund records
About Arete Services Private Limited
Data last updated:
Arete Services Private Limited is a private limited company based in Vapi, Gujarat, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 12 April 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U60231GJ1990PTC013617. Its GSTIN is 24AAACH6064Q1Z8 (Gujarat). The company holds 7 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹1.01 Cr and a paid-up capital of ₹99 Lakh. It was formerly known as Highway Services Private Limited. It is led by directors including Jikar Allarakha Saiyed and Mrugesh Dhimantrai Oza.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Comm. Plot No. C7/67/P N. H. No 8 Near Koparli Road G.I.D.C., Vapi, Gujarat, India – 396195.
As per the financials filed for FY 2025, the company reported a revenue of ₹482.76 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹168.95 Cr (net margin 35%) and EBITDA of ₹254.52 Cr (EBITDA margin 52.7%). Revenue has grown at a compounded annual rate (CAGR) of 49% over three years and 48% over five years.
The company has about 332 employees on its provident fund (EPFO) records. Its group structure includes 14 subsidiaries.
As per MCA filings, the company has open charges of ₹44.16 Cr and satisfied charges of ₹37.95 Cr on record. Court records list 14 cases involving the company, including 10 filed by the company and 4 filed against it.
Arete Services Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-25-0006714). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website areteservices.in.
Company details
CIN U60231GJ1990PTC013617
Registration Number 013617
Incorporation Date 12 April 1990
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-GJ-25-0006714
Key People
Jikar Allarakha Saiyed Director Mrugesh Dhimantrai Oza Director Maulesh Jayendrabhai Shah Director Recognitions & Rankings of Arete Services
Contact details
Arete Services Private Limited's registered office is in Vapi, Gujarat. Its website is areteservices.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressComm. Plot No. C7/67/P N. H. No 8 Near Koparli Road G.I.D.C., Vapi, Gujarat, India – 396195
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Arete Services Private Limited, buy the company report.
Comprehensive company report
Arete Services 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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Business activity
The main business activities of Arete Services are support service to organizations and accommodation and food service. 4 activity segments are registered with the MCA.
| 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 | |
| N | Support service to Organizations | N7 | Other support services to organizations | |
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. | |
| I | Accommodation and Food Service | I2 | Food and beverage services provided by hotels, restaurants, caterers, etc. |
To see the full business activity and turnover split of Arete Services Private Limited, buy the company report.
Financials of Arete Services Private Limited
FY 2024 filings availableArete Services Private Limited reported revenue of ₹482.76 Cr (down 15% YoY) for FY 2025.
Revenue · FY 2025
₹482.76 Cr ▼ 15%
Net profit · FY 2025
₹168.95 Cr margin 35%
EBITDA · FY 2025
₹254.52 Cr margin 52.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 15%
3 years · compounded
▲ 49%
5 years · compounded
▲ 48%
EBITDA CAGR growth
1 year
▼ 25%
3 years · compounded
▲ 37%
5 years · compounded
▲ 54%
Revenue fell 15% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 48%. EBITDA fell 25% 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 |
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| Total Expenses | |||||
| EBITDA | ₹254.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹168.95 Cr | ||||
| Balance Sheet | |||||
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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 | 52.7% | ||||
| Net Profit Margin | 35% | ||||
| 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 Arete Services Private Limited, buy the company report.
Board of directors of Arete Services Private Limited
Arete Services has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jikar Allarakha Saiyed Also directs: Shiv Shakti Healthcare LLP, Delux Industries Private Limited | Director | 12 Apr 1990 | 36 Years 6 Months | Current |
| Mrugesh Dhimantrai Oza Also directs: Shiv Shakti Healthcare LLP, M Graph Industries Private Limited, Payal Properties Private Limited and 4 more | Director | 26 Dec 2005 | 20 Years 9 Months | Current |
| Maulesh Jayendrabhai Shah Also directs: Delux Industries Private Limited, Payal Properties Private Limited, Arete Trading Private Limited and 5 more | Director | 22 Apr 2025 | 1 Years 6 Months | Current |
| Siraj Jikar Saiyed Also directs: Saljay Consultancy LLP, Kodo Lifescience Private Limited, Sigma Container Private Limited and 4 more | Director | 24 Oct 2007 | 18 Years 11 Months | Current |
| Chirag Rana Also directs: M Graph Industries Private Limited, Payal Properties Private Limited, Ambience Industrial Park Private Limited and 5 more | Director | 22 Apr 2025 | 1 Years 6 Months | Current |
Auditor
Arete Services Private Limited is audited by GOPALAKRISHNAN AIYER & CO LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOPALAKRISHNAN AIYER & CO LLP | FY 2024 | 115990W |
Shareholding
The shareholding of Arete Services Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Arete Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹44.16 Cr
Satisfied charges
₹37.95 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Sep 2025 | 101157906 | Axis Bank Limited | ₹8 Cr | Open | |
| 16 Mar 2024 | 100890518 | Hdfc Bank Limited | ₹18.7 Lakh | Open | |
| 02 Sep 2023 | 100784749 | Hdfc Bank Limited | ₹45.95 Lakh | Open | |
| 05 Jul 2023 | 100754835 | Axis Bank Limited | ₹24.46 Cr | Open | |
| 21 Feb 2023 | 100688411 | Hdfc Bank Limited | ₹6.5 Lakh | Open |
To see the full charge records of Arete Services Private Limited, buy the company report.
Total charge records: 35 View all charges
Legal cases
Arete Services Private Limited has 14 court cases on record: 10 filed by Arete Services, 4 filed against it. All cases are disposed.
Total cases
14
Filed by the company
10
Filed against the company
4
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 4 | 0 |
| High courts | 3 | 0 | 0 |
| NCLAT | 3 | 0 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed by the company against Soma Network Software Pvt. Ltd. and 2 others | Disposed |
| District court, South, Delhi | Civil suit | Filed against the company by Ms Artlite Illumination Pvt. Ltd. | Disposed |
| District court, Bharuch, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, Valsad, Gujarat | Criminal miscellaneous application | Filed against the company by an individual | Disposed |
| District court, South, Delhi | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
To see the full case history of Arete Services 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
Arete Services Private Limited has 6 MSME Form 1 returns on record between 2019 and 2023, listing 309 overdue payments to 9 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Nishi Data Forms | |||
| Jayantilal K. Shah | |||
| Vinayak Enterprises | |||
| an individual supplier |
To see the full MSME payment records of Arete Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Arete Services has 14 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
14
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| M Graph Industries Private Limited | U36900GJ2007PTC083489 | |
| Payal Properties Private Limited | U45201GJ1991PTC016318 | |
| Narmada Industrial Park Private Limited | U45201GJ2012PTC068504 | |
| Jambusar Industrial Park Private Limited | U45201GJ2012PTC068512 | |
| Ambience Industrial Park Private Limited | U45201GJ2012PTC068513 | |
| Adharbhut Industrial Park Private Limited | U45201GJ2012PTC068531 |
To see the full group structure of Arete Services Private Limited, buy the company report.
Employees & EPFO
Arete Services Private Limited has a workforce of 332 employees on its EPFO records as of Sep 09, 2025, across 1 active EPFO establishment.
Employee count
332
Active EPFO establishments
1
Employee growth
-10.75%
GST
Arete Services has 7 GST registrations: 4 active and 3 cancelled or inactive.
Total GSTINs
7
Active
4
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACH6064Q1Z8 | Gujarat | Active | 01 Jul 2017 |
| 24AAACH6064Q4Z5 | Gujarat | Active | 15 Oct 2024 |
| 24AAACH6064Q5Z4 | Gujarat | Active | 20 Mar 2025 |
| 26AAACH6064Q2Z3 | Daman & Diu | Active | 01 Aug 2020 |
To see the full GST registrations and return filing status of Arete Services Private Limited, buy the company report.
Recent activity
Arete Services Private Limited has 7 board changes on record since 1990: 5 appointments and 2 cessations. The latest: Chirag Rana was appointed as Director on 22 Apr 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 8.00 Cr with Charge ID 101157906 was registered on 15 Sep 2025.
Appointed
Chirag Rana was appointed as Director.
Appointed
Maulesh Jayendrabhai Shah was appointed as Director.
AGM
Arete Services Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge registered on 27 Aug 2021 via Charge ID 100479787 with Axis Bank Limited was fully satisfied on 10 Aug 2024.
Charges
A charge with Axis Bank Limited of Rs. 24.46 Cr registered on 05 Jul 2023 with Charge ID 100754835 was modified on 31 Jul 2024.
Filing
Arete Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.19 Cr with Charge ID 100890518 was registered on 16 Mar 2024.
Charges
A charge registered on 28 Oct 2020 via Charge ID 100387483 with Axis Bank Limited was fully satisfied on 10 Oct 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.46 Cr with Charge ID 100784749 was registered on 02 Sep 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 24.46 Cr with Charge ID 100754835 was registered on 05 Jul 2023.
Charges
A charge registered on 04 May 2018 via Charge ID 100182675 with Axis Bank Limited was fully satisfied on 25 May 2023.
61 earlier events are in the company report.
News
Frequently asked questions
Arete Services is an active private limited company based in Vapi, Gujarat, India. The company works in real estate financing, within the financial services industry. It was incorporated on 12 April 1990 (36+ years old) and is registered under CIN U60231GJ1990PTC013617.
Arete Services has 5 current directors:
- Jikar Allarakha Saiyed - Director
- Mrugesh Dhimantrai Oza - Director
- Maulesh Jayendrabhai Shah - Director
- Siraj Jikar Saiyed - Director
- Chirag Rana - Director
The latest financial statements of Arete Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Arete Services is 24AAACH6064Q1Z8, registered in Gujarat. The company has 7 GST registrations in all, of which 4 are active and 3 are cancelled or inactive. Other active GSTINs include 24AAACH6064Q4Z5 (Gujarat), 24AAACH6064Q5Z4 (Gujarat), 26AAACH6064Q2Z3 (Daman & Diu).
The CIN (Corporate Identification Number) of Arete Services is U60231GJ1990PTC013617. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Arete Services has 14 court cases on record: 10 filed by the company and 4 filed against it. Most are in the district courts.
Arete Services was incorporated on 12 April 1990, making it 36+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Chirag Rana was appointed as Director on 22 Apr 2025. Maulesh Jayendrabhai Shah was appointed as Director on 22 Apr 2025. Altaf Jikar Saiyed ceased to be Director on 18 May 2020. Arete Services has 7 board changes on record in total.
Yes, Arete Services is registered as an MSME under Udyam registration (number: UDYAM-GJ-25-0006714).
Arete Services has 6 MSME Form 1 returns on record between 2019 and 2023, listing 309 overdue payments to 9 micro and small suppliers. The latest return was filed on 28 Aug 2023.
Arete Services can be reached through the website areteservices.in. Its registered office is in Vapi, Gujarat, India.