About Renaissance Corporation Limited
Data last updated:
Renaissance Corporation Limited was a public limited company based in Mumbai, Maharashtra, India. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the waste management and recycling solutions segment of the environmental services sector. It was incorporated on 13 January 2005.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U24130MH2005PLC150612. The company has 3 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹20 Cr and a paid-up capital of ₹9.87 Cr. It was formerly known as Divine Polymer Products P Limited and Divine Polymer Products Limited. It was led by directors including Sandeep Sureshkumar Khandelwal (Managing Director) and Dharma Ramji Ambaji.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹14,000, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹85.99 Cr and EBITDA of -₹86 Cr. Revenue has declined at a compounded annual rate (CAGR) of 92% over three years and 80% over five years.
As per MCA filings, the company had open charges of ₹50 Cr and satisfied charges of ₹704.71 Cr on record. Court records list 61 cases involving the company, including 19 filed by the company and 42 filed against it; 7 cases are pending. The company has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹73.98 Cr; the latest was in October 2020.
The last known website on record is asiagroup.in.
Company details
Name history
Renaissance Corporation has undergone 2 name changes throughout its history. The company was previously known as Divine Polymer Products P Limited, and Divine Polymer Products Limited. The current legal name is Renaissance Corporation Limited.
| Company Name | Status |
|---|---|
| Renaissance Corporation Limited | Current |
| Divine Polymer Products P Limited | Previous |
| Divine Polymer Products Limited | Previous |
CIN history
Renaissance Corporation has one previous CIN (Corporate Identification Number): U24130MH2005PTC150612. The current CIN is U24130MH2005PLC150612, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24130MH2005PLC150612 | Current |
| U24130MH2005PTC150612 | Previous |
Contact details
Renaissance Corporation Limited's registered office is in Mumbai, Maharashtra. Its website is asiagroup.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address802 Floor – 8 Plot – 175 Cotton Exchange Building Kalbadevi Road Nr Cotton Exchange Bhule, Shwar, Mumbai, Maharashtra, India – 400002
- IndustryEnvironment, Waste Management & Recycling Solutions
To see the full contact details of Renaissance Corporation 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
Financials of Renaissance Corporation Limited
FY 2022 filings availableRenaissance Corporation Limited reported revenue of ₹14,000 (down 100% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 80% over five years. EBITDA fell 159% 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
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| EBITDA | -₹86 Cr | ||||
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| Net Profit (PAT) | -₹85.99 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Renaissance Corporation Limited, buy the company report.
Board of directors of Renaissance Corporation Limited
Renaissance Corporation has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Sureshkumar Khandelwal Also directs: Central Plastics Private Limited, Saryu Petrochem Private Limited, Deepak Cables and Wires Private Limited and 4 more | Managing Director | 13 Jan 2005 | 21 Years 9 Months | As last reported |
| Dharma Ramji Ambaji Also directs: Saryu Petrochem Private Limited | Director | 31 Mar 2018 | 8 Years 7 Months | As last reported |
| Naveen Vyas | Director | 30 Aug 2010 | 16 Years 2 Months | As last reported |
Auditor
Renaissance Corporation Limited is audited by SHAH & TAPARIA for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH & TAPARIA | FY 2021 | 109463W |
Shareholding
The shareholding of Renaissance Corporation Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | 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 Renaissance Corporation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Sep 2005 | 80017534 | Punjab National Bank | ₹10 Cr | Open | |
| 17 Sep 2005 | 80017531 | Punjab National Bank | ₹40 Cr | Open | |
| 22 Apr 2013 | 10426304 | Jm Financial Asset Reconstruction Company Private Limited | ₹34.44 Cr | Satisfied | |
| 30 Jun 2010 | 10232703 | Others | ₹6.98 Cr | Satisfied | |
| 17 Feb 2010 | 10205179 | Others | ₹163.7 Cr | Satisfied |
To see the full charge records of Renaissance Corporation Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Renaissance Corporation Limited has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹73.98 Cr; the latest was in October 2020.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Vedic Foundation Private Limited |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Monarch Infraprojects Private Limited Seller: Khandelwal SRK Realty Private Limited, Khandelwal SRK Estate Private Limited |
| Apr 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Kleem Consultancy Private Limited |
| Jun 2009 | Funding round | ₹3.5 Cr | Investors: Kleem Consultancy Private Limited , Khandelwal SRK Estate Private Limited , Khandelwal MSK Estate Private Limited |
| Jan 2007 | Secondary share transfer | Undisclosed | Buyer: Khandelwal SRK Estate Private Limited Seller: Trans Asia Corporation Limited |
To see the full deal history of Renaissance Corporation Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Renaissance Corporation Limited has 61 court cases on record: 19 filed by Renaissance Corporation, 42 filed against it. 7 cases are pending and 54 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 39 | 25 | 6 |
| District courts | 19 | 16 | 1 |
| NCLT | 3 | 1 | 0 |
Cases on record (5 of 61)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Daman, Diu and Daman | Court case (S.C.S.) | Filed against the company by M.S Morwal Fabrics Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by M/S. Plastiblends India Ltd. | Disposed |
| District court, kachchh at Bhuj, Gujarat | Commercial matter | Filed against the company by The State Trading Corporation of India Ltd. | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against M/S State Trading Corporation of India Ltd. and 1 other | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Jatson Power Private Limited | Disposed |
To see the full case history of Renaissance Corporation 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 Renaissance Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Renaissance Corporation has 1 associated company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
Employees & EPFO
Renaissance Corporation Limited has 1 active EPFO establishment as of Apr 03, 2024.
GST
Renaissance Corporation has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Renaissance Corporation Limited, buy the company report.
Recent activity
Renaissance Corporation Limited has 12 board changes on record since 2005: 3 appointments and 9 cessations. The latest: Venkatram Vishwanath Iyer ceased to be Director on 20 Oct 2018.
36 earlier events are in the company report.
Frequently asked questions
Renaissance Corporation has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Renaissance Corporation was a public limited company based in Mumbai, Maharashtra, India. The company worked in waste management and recycling solutions, within the environment industry. It was incorporated on 13 January 2005 and is registered under CIN U24130MH2005PLC150612. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
Renaissance Corporation was incorporated on 13 January 2005. It is registered with the Registrar of Companies, Mumbai.
Renaissance Corporation had 3 directors:
- Sandeep Sureshkumar Khandelwal - Managing Director
- Dharma Ramji Ambaji - Director
- Naveen Vyas - Director
The CIN (Corporate Identification Number) of Renaissance Corporation is U24130MH2005PLC150612. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Renaissance Corporation is at 802 Floor – 8 Plot – 175 Cotton Exchange Building Kalbadevi Road Nr Cotton Exchange Bhule, Shwar, Mumbai, Maharashtra, India – 400002.
Renaissance Corporation can be reached through the website asiagroup.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Renaissance Corporation on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. Renaissance Corporation has 3 GST registrations on record and all of them are cancelled or inactive.
Renaissance Corporation operated in the environment industry, in the waste management and recycling solutions segment.
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