About India Roadside Assistance Private Limited
Data last updated:
India Roadside Assistance Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of Mapfre Asistencia. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the business support services segment of the business services sector. It was incorporated on 13 July 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U50200MH2007FTC172327. Its GSTIN is 27AABCI7258N1Z0 (Maharashtra).
The company has an authorised share capital of ₹46.6 Cr and a paid-up capital of ₹46.34 Cr. It is led by directors Joao Paulo De Azevedo Bernardes Severino and Francesc Xavier De Ramon I Blesa.
Its last annual general meeting (AGM) was held on 30 September 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2020, the company reported a revenue of ₹8.02 Cr, a decline of 74% compared to the previous year. For the same year it recorded a net loss of ₹1.34 Cr (net margin -16.7%) and EBITDA of -₹6.45 Cr (EBITDA margin -80.4%). Revenue has declined at a compounded annual rate (CAGR) of 33% over three years.
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: India Assistance. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending. The company has 5 deals on record (5 funding rounds), with disclosed funding of ₹44.86 Cr; the latest was in June 2019.
The last known website on record is indiaassistance.in.
Company details
Contact details
India Roadside Assistance Private Limited's registered office is in Mumbai, Maharashtra. Its website is indiaassistance.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address602 Thawar Apartment Opp. Heena Residency Main Carter Road Kasturba Rd Borivali, (East), Mumbai, Maharashtra, India – 400066
- IndustryBusiness Services, Business Support Services
To see the full contact details of India Roadside Assistance Private Limited, buy the company report.
- 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
Brands
India Roadside Assistance operates one associated brand: India Assistance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Assistance, services, and risk products for automotive and insurance sectors in India. | indiaassistance.in |
Financials of India Roadside Assistance Private Limited
FY 2020 filings availableIndia Roadside Assistance Private Limited reported revenue of ₹8.02 Cr (down 74% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 33% over three years, including a 74% fall 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹8.02 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | -₹6.45 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.34 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -80.4% | ||||
| Net Profit Margin | -16.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of India Roadside Assistance Private Limited, buy the company report.
Board of directors of India Roadside Assistance Private Limited
India Roadside Assistance has 2 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Joao Paulo De Azevedo Bernardes Severino | Director | 20 Jun 2018 | 8 Years 4 Months | As last reported |
| Francesc Xavier De Ramon I Blesa | Director | 17 Nov 2016 | 9 Years 11 Months | As last reported |
Auditor
India Roadside Assistance Private Limited is audited by K C LODHA & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K C LODHA & ASSOCIATES | FY 2020 | 127682W |
Shareholding
The shareholding of India Roadside Assistance Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of India Roadside Assistance Private Limited, buy the company report.
Deals & funding
India Roadside Assistance Private Limited has 5 deals on record (5 funding rounds), with disclosed funding of ₹44.86 Cr; the latest was in June 2019.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2019 | Funding round | ₹24.6 Cr | Investors: an individual |
| Jul 2014 | Funding round | ₹98.3 Lakh | Investors: an individual |
| Mar 2011 | Funding round | ₹45.4 Lakh | Investors: 2 individuals |
| Oct 2009 | Funding round | ₹7.67 Cr | Investors: 2 individuals |
| Mar 2008 | Funding round | ₹11.15 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
India Roadside Assistance Private Limited has 2 court cases on record: 1 filed by India Roadside Assistance, 1 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons warrent Cases SW) | Filed by the company against Parshwanath Overseas Pvt Ltd | Pending |
| District court, Jalna, Maharashtra | Court case (M.A.C.P.) | Filed against the company by individuals | Disposed |
To see the full case history of India Roadside Assistance 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 India Roadside Assistance Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
India Roadside Assistance Private Limited has a workforce of 2 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
India Roadside Assistance has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI7258N1Z0 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of India Roadside Assistance Private Limited, buy the company report.
Recent activity
India Roadside Assistance Private Limited has 17 board changes on record since 2011: 2 appointments and 15 cessations. The latest: Joao Paulo De Azevedo Bernardes Severino ceased to be Additional Director on 18 Jul 2019.
8 earlier events are in the company report.
Frequently asked questions
India Roadside Assistance is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
India Roadside Assistance is a company under liquidation, formerly operating as a foreign private limited company based in Mumbai, Maharashtra, India. The company works in business support services, within the business services industry. It was incorporated on 13 July 2007 and is registered under CIN U50200MH2007FTC172327. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
India Roadside Assistance has 2 current directors:
- Joao Paulo De Azevedo Bernardes Severino - Director
- Francesc Xavier De Ramon I Blesa - Director
The latest financial statements of India Roadside Assistance on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 September 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of India Roadside Assistance is U50200MH2007FTC172327. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
India Roadside Assistance has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending.
India Roadside Assistance was incorporated on 13 July 2007. It is registered with the Registrar of Companies, Mumbai.
India Roadside Assistance has 5 deals on record (5 funding rounds), with disclosed funding of ₹44.86 Cr; the latest was in June 2019.
Joao Paulo De Azevedo Bernardes Severino ceased to be Additional Director on 18 Jul 2019. Leire Ayesa Jimenez ceased to be Director on 26 Jun 2018. Joao Paulo De Azevedo Bernardes Severino was appointed as Director on 20 Jun 2018. India Roadside Assistance has 17 board changes on record in total.
India Roadside Assistance can be reached through the website indiaassistance.in. Its registered office is in Mumbai, Maharashtra, India.