About
Basic Data Updated:
8 days agoMeliora Asset Reconstruction Company Limited was founded by Mr. Appikatla Sisir Kumar and Mr. Korada Ravi Kumar, with the aim of providing a solution to the growing problem of Non Performing Assets (NPA) in the banking sector. The company, which is registered with the Reserve Bank of India (RBI), specializes in the acquisition of NPA's from banks and works towards their resolution in accordance with the guidelines set by the RBI. MARCL, as it is commonly known, plays a crucial role in the financial market by facilitating the development of a market for distressed assets. This not only benefits the banks by helping them offload their NPA's, but also provides opportunities for investors to acquire these assets at a discounted price. One of the key services offered by MARCL is the reschedu... Read More
Industry
Company Details
- Location
Visakhapatnam, Andhra Pradesh, India
- Website1222442
- Telephone1222442
- Email Address1222442
| CIN/LLPIN/FCRN | U65923AP2012PLC084298 |
| Company No. | 084298 |
| Company Classification | Public Limited Indian Non-Government Company |
| Incorporation Date | 21 Nov 2012 |
| Date of AGM | 15 Dec 2023 |
| Date of Balance Sheet | 31 Mar 2023 |
| Listing Status | Unlisted |
| ROC Code | Roc Vijayawada |
Financials of Meliora Asset Reconstruction Company Limited
Meliora Asset Reconstruction Company Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 46.78% decrease. The company also saw a substantial fall in profitability, with a 41.54% decrease in profit. The company's net worth moved up by a moderate rise of 4.22%.
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Corporate Structure
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People in Meliora Asset Reconstruction Company Limited
Unlock and access historical data on people associated with Meliora Asset Reconstruction Company, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Executive Team (2)
MN
Mahender Nalavola Company SecretaryAppointment Date: 01-Dec-2022
Status: Current
SK
Srinivasan Krishnarao CFOAppointment Date: 16-Oct-2019
Status: Current
Board Members(5)
Charges (Loans)
There are no open charges registered against the company as per our records.
Deals i
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Rating
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Alert
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Related Corporates (Common Directorship)
Triveni Engineering And Industries Limited
Active
91 years 9 months Homai Darwalla is a mutual person
Decode Resolvency International Private Limited
Active 5 years 5 months Sisir Appikatla is a mutual person
Margdarshak Financial Services Limited
Active 27 years 11 months Prasad Kuchibhatla is a mutual person
Recent activity within the organization
Annual General Meeting
Meliora Asset Reconstruction Company Limited last Annual general meeting of members was held on 15 Dec 2023 as per latest MCA records.
15 Dec 2023Balance Sheet
Meliora Asset Reconstruction Company Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Vijayawada.
31 Mar 2023Director Appointment
Homai Ardeshir Darwalla was appointed as a Director was appointed as a Director on 10 Dec 2012 & has been associated with this company since 11 years 4 months .
10 Dec 2012Director Appointment
Prasad Kuchibhatla was appointed as a Director was appointed as a Director on 10 Dec 2012 & has been associated with this company since 11 years 4 months .
10 Dec 2012Director Appointment
Pillala Ramakrishna Rao was appointed as a Director was appointed as a Director on 21 Nov 2012 & has been associated with this company since 11 years 5 months .
21 Nov 2012
Frequently asked questions
What is the Incorporation or founding date of Meliora Asset Reconstruction Company Limited?
