Asrec (India) Limited, a active public limited union government company, was established on 25 November 2003 in Andheri Kurla Road, Maharashtra, India. Engaging in asset reconstruction firms within the financial and insurance service sector, it holds CIN: U67100MH2003GOI143291. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹125.00 Cr and a paid-up capital of ₹98.00 Cr.
It upholds a compliant status. Employing 45 professional, Its leadership includes Kodumudi Pranatharthiharan Krishnan (Director), Girish Sharan Sinha (Managing Director), Varagoor Nagarajan Maya (Nominee Director). Past directors included Ashok Kumar Mahajan, Kodumudi Pranatharthiharan Krishnan, Keshav Kumar Misra. It holds ₹18.10 Cr open charges and ₹86.55 Cr settled loans. Its latest AGM occurred on 24 September 2024, with the balance sheet filed on 31 March 2024. It is based at Unit No. 201, 200A, 202 & 200B, Ground Floor, Build No. 2, Solitaire Corporate Park, A, Ndheri (E), Andheri Kurla Road, Maharashtra, 400059.
U67100MH2003GOI143291
143291
25 November 2003
₹125.00 Cr
₹98.00 Cr
Roc Mumbai
Unlisted
Active
Explore comprehensive insights into Asrec (India) Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.
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| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Kodumudi Pranatharthiharan Krishnan | Director | 25 Apr 2023 | Current |
| Girish Sharan Sinha | Managing Director | 01 Oct 2019 | Current |
| Varagoor Nagarajan Maya | Nominee Director | 27 Feb 2024 | Current |
| Athiyur Badrinarayanan Vijayakumar | Director | 08 Apr 2024 | Current |
| Deepak Kumar Gupta | Nominee Director | 14 Jun 2024 | Current |
| Natarajan Ranganathan | Additional Director | 27 Jan 2025 | Current |
| Name | Designation | Cessation | Status |
|---|---|---|---|
| Pramod Abcsdd | Cfo(Kmp) | 31 Mar 2018 | Past |
| Pramod Abcsdd | Additional Director | 26 Sep 2023 | Past |
| Pramod Abcsdd | Nominee Director | 30 Apr 2014 | Past |
| Pramod Abcsdd | Nominee Director | 04 Jul 2012 | Past |
| Pramod Abcsdd | Additional Director | 06 Feb 2024 | Past |
| Pramod Abcsdd | Managing Director | 15 Jul 2009 | Past |
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Asrec (India) Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 28.15% decrease. The company also saw a substantial fall in profitability, with a 11.76% decrease in profit. The company's net worth moved up by a moderate rise of 9.85%.
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In 2023, Asrec (India) had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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₹181,000,000.00
₹865,500,000.00
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Dec 2020 | Others | ₹8.00 Cr | Open |
| 29 Sep 2020 | Others | ₹1.00 M | Open |
| 11 Aug 2020 | Others | ₹10.00 Cr | Open |
| 20 Feb 2020 | Others | ₹36.55 Cr | Satisfied |
| 29 Mar 2011 | Canara Bank | ₹50.00 Cr | Satisfied |
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Asrec (India) has a workforce of 45 employees as of Apr 04, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Gain comprehensive insights into the Deals and Valuation data of Asrec (India), 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 Asrec (India)'s trajectory.
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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.
Progress on Malika Prasad was appointed as a Additional Director was appointed as a Additional Director on 24 Mar 2025 & has been associated with this company since 8 months 2 days . was documented.
A charge registered on 20 Feb 2020 via Charge ID 100331047 with Others was fully satisfied on 20 Mar 2025. was recorded as a recent event.
The activity Chhaya Piyush Patel was appointed as a Company Secretary was appointed as a Company Secretary on 07 Feb 2025 & has been associated with this company since 9 months 17 days . was completed.
Progress on Natarajan Ranganathan was appointed as a Additional Director was appointed as a Additional Director on 27 Jan 2025 & has been associated with this company since 9 months 28 days . was documented.
Asrec (India) Limited last Annual general meeting of members was held on 24 Sep 2024 as per latest MCA records. was recorded as a recent event.
Progress on Vipan Singh was appointed as a Additional Director was appointed as a Additional Director on 29 Aug 2024 & has been associated with this company since 1 year 2 months . was documented.
When Union Bank of India tried to sell its debt from KSK Mahanadi Power and Raigarh Champa Rail, ASREC (India) Ltd offered to buy it for a lower price. This triggered a Swiss challenge auction, where other companies can bid for the debt. ASREC is backed by LIC and three PSU banks, and has already bought debt from KSK Mahanadi before. The distressed power producer has been undergoing insolvency proceedings for four years, and several companies have expressed interest in acquiring it. However, litigation has delayed the resolution process..
Andhra Bank wants to sell its shares in joint venture companies like IndiaFirst Life Insurance and India International Bank. These companies are owned by other banks and financial firms. The bank's CEO also owns some shares in one of the companies. Andhra Bank has been losing money and wants to make some changes..
The CIN of Asrec (India) Limited is U67100MH2003GOI143291.
Asrec (India) Limited is headquartered at Unit No. 201, 200A, 202 & 200B, Ground Floor, Build No. 2, Solitaire Corporate Park, A, Ndheri (E), Andheri Kurla Road, Maharashtra, 400059.
Asrec (India) Limited was incorporated on 25 November 2003.
The current directors of Asrec (India) Limited are
The primary industry of Asrec (India) Limited is Financial And Insurance Service.
Asrec (India) Limited is unlisted.
The authorized capital of Asrec (India) Limited is ₹125.00 Cr, and the paid-up capital is ₹98.00 Cr.
The compliance status of Asrec (India) Limited is Compliant.
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