Assets Care & Reconstruction Enterprise Limited

Acquires and resolves nonperforming assets from banks/FIs according to RBI guidelines, sponsored by major banks.

2002 | Delhi (India) | Active
Last Updated:

Assets Care & Reconstruction Enterprise Profile

Key Indicators

  • Authorised Capital ₹ 750.00 Cr
  • Paid Up Capital ₹ 75.06 Cr
  • Company Age 22 Year, 10 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 1,275.52 Cr
  • Satisfied Charges ₹ 151.46 Cr
  • Revenue Growth 17.90%
  • Profit Growth 8.43%
  • Ebitda 5.39%
  • Net Worth 18.33%
  • Total Assets 7.75%

About Assets Care & Reconstruction Enterprise

Assets Care & Reconstruction Enterprise Limited (ACREL) is a leading Public Limited Indian Non-Government Company incorporated in India on 11 June 2002 and has a history of 22 years and ten months. Its registered office is in Delhi, India.

The Corporate was formerly known as Assets Care Enterprise Limited. The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 750.00 Cr and a paid-up capital of Rs 75.06 Cr.

The company currently has active open charges totaling ₹1,275.52 Cr. The company has closed loans amounting to ₹151.46 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Assets Care & Reconstruction Enterprise Limited India are Alok Gupta as Cfo, Mohd Malik as Company Secretary, and Chandan Churiwal as Ceo. Anil Singhvi, Chandan Churiwal, Sunil Chaturvedi, and Three other members serve as directors at the Company.

Company Details

  • Location

    Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65993DL2002PLC115769

  • Company No.

    115769

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    11 Jun 2002

  • Date of AGM

    27 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Financial Services

What products or services does Assets Care & Reconstruction Enterprise Limited offer?

Assets Care & Reconstruction Enterprise Limited offers a wide range of products and services, including Laptops, Lava Laptops, Corporate Finance & Leasing Advisors, Financial Service.

Company report

Assets Care & Reconstruction Enterprise Limited

Explore comprehensive data for Assets Care & Reconstruction Enterprise Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Assets Care & Reconstruction Enterprise?

Executive Team (3)

NameDesignationAppointment DateStatus
Mohd Malik Company Secretary04-May-2010Current
Alok Gupta CFO18-Nov-2022Current
Chandan Churiwal CEO22-Aug-2024Current

Board Members (6)

NameDesignationAppointment DateStatus
Sunil Chaturvedi Country flag representing In Director 04-Sep-2020Current
Manish Jain Country flag representing In Nominee Director 20-Aug-2020Current
Anil Singhvi Country flag representing In Director 17-Jan-2017Current
Amrendra Choudhary Country flag representing In Director 04-Sep-2020Current
Chandan Churiwal Country flag representing In Whole-Time Director 22-Aug-2024Current
Anjali Seth Country flag representing In Director 14-Jul-2024Current

Financial Performance of Assets Care & Reconstruction Enterprise.

Assets Care & Reconstruction Enterprise Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 17.9% increase. The company also saw a slight improvement in profitability, with a 8.43% increase in profit. The company's net worth Soared by an impressive increase of 18.33%.

Assets Care & Reconstruction Enterprise revenue growth over time
Assets Care & Reconstruction Enterprise profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
17.90%
Revenue from Operations
17.13%
Total Assets
7.75%
Profit or Loss
8.43%
Net Worth
18.33%
EBITDA
5.39%

What is the Ownership and Shareholding Structure of Assets Care & Reconstruction Enterprise?

In 2023, Assets Care & Reconstruction Enterprise had a public holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1,275.52 Cr

Satisfied Charges

₹151.46 Cr

Charges Breakdown by Lending Institutions

  • Others : 1215.52 Cr
  • Axis Trustee Services Limited : 60.00 Cr

Latest Charge Details

DateLenderAmountStatus
03 May 2024Others₹20.00 CrOpen
28 Mar 2024Others₹50.00 CrOpen
29 Mar 2022Others₹15.00 CrOpen
20 Mar 2020Others₹19.12 CrOpen
12 Sep 2019Others₹30.00 CrOpen

How Many Employees Work at Assets Care & Reconstruction Enterprise?

Assets Care & Reconstruction Enterprise has a workforce of 53 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.

Employee growth trends for Assets Care & Reconstruction Enterprise Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Assets Care & Reconstruction Enterprise, 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 Assets Care & Reconstruction Enterprise's trajectory.

Rating

Graph displaying rating trends over time

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.

Alerts

Alert Indicator

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.

Latest Updates, News, and FAQs on Assets Care & Reconstruction Enterprise

Recent activity within the organization

  • Director Appointment

    Chandan Churiwal was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 22 Aug 2024 & has been associated with this company since 7 months 28 days .

  • Director Appointment

    Chandan Churiwal was appointed as a Ceo was appointed as a Ceo on 22 Aug 2024 & has been associated with this company since 7 months 28 days .

  • Director Appointment

    Anjali Karamnarayan Seth was appointed as a Director was appointed as a Director on 14 Jul 2024 & has been associated with this company since 9 months 6 days .

  • Charges

    A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100920918 was registered on 03 May 2024.

  • Charges

    A charge with Others amounted to Rs. 50.00 Cr with Charge ID 100896413 was registered on 28 Mar 2024.

  • Charges

    A charge registered on 12 Sep 2019 via Charge ID 100288403 with Others was fully satisfied on 27 Feb 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Assets Care & Reconstruction Enterprise Limited?

    Assets Care & Reconstruction Enterprise Limited was incorporated on 11 Jun 2002.

  • What is authorized share capital and paid-up capital of Assets Care & Reconstruction Enterprise Limited?

    The authorized share capital of Assets Care & Reconstruction Enterprise Limited is ₹ 750.00 Cr and paid-up capital is ₹ 75.06 Cr.

  • Who are the current board members & directors of Assets Care & Reconstruction Enterprise Limited?

    Currently 9 directors are associated with Assets Care & Reconstruction Enterprise Limited.

    • Anil Chandanmal Singhvi
    • Chandan Churiwal
    • Sunil Kumar Chaturvedi
    • Manish Jain
    • Amrendra Prasad Choudhary
    • Anjali Karamnarayan Seth
    • Alok Viraj Gupta
    • Mohd Shariq Malik
    • Chandan Churiwal

  • What is the registered address of Assets Care & Reconstruction Enterprise Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Assets Care & Reconstruction Enterprise Limited is 14Th Floor Eros Corporate Tower Nehru Place, - India, New Delhi, 110019.

  • What is the corporate identification number (CIN) and company number of Assets Care & Reconstruction Enterprise Limited?

    The corporate identification number (CIN) of Assets Care & Reconstruction Enterprise Limited is U65993DL2002PLC115769 and the company number is 115769 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Assets Care & Reconstruction Enterprise Limited?

    The Official website of Assets Care & Reconstruction Enterprise Limited is https://www.acreindia.in

  • What has been the recent revenue trend for Assets Care & Reconstruction Enterprise Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Assets Care & Reconstruction Enterprise Limited has risen by 17.90%.

  • How many employees does Assets Care & Reconstruction Enterprise Limited currently have?

    As Per 2023 financial reports, 53 employees are currently employed by Assets Care & Reconstruction Enterprise Limited.

  • What change has been observed in the net worth of Assets Care & Reconstruction Enterprise Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Assets Care & Reconstruction Enterprise Limited has experienced an upsurge of 18.33%.

  • What are the total open charges for Assets Care & Reconstruction Enterprise Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Assets Care & Reconstruction Enterprise Limited amount to ₹ 1,275.52 Cr.

  • When was the last Balance Sheet of Assets Care & Reconstruction Enterprise Limited filed with the ROC?

    The most recent Balance Sheet for Assets Care & Reconstruction Enterprise Limited was filed with the ROC on 31 Mar 2023.

Unlock Business Insights – Explore Instantly!

Search company & director profiles for free and gain access to critical business data.

  • 3.1M+ Companies
  • 15M+ Legal Cases
  • 525K+ Credit Ratings
  • 5.8M+ Directors & KMP
  • 750K+ Regulatory Alerts
  • 1.1M+ Companies' Financial Records
Start Free Trial

People also Viewed

Similar Companies Based on Asset Reconstruction Firms