About Rare Asset Reconstruction Limited
Data last updated:
Rare Asset Reconstruction Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Renaissance Fiscal Services Private Limited. It operates in the asset reconstruction firms segment of the financial services sector. It was incorporated on 16 September 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74900GJ2015PLC084515. Its GSTIN is 24AAHCR4520J1ZG (Gujarat).
The company has an authorised share capital of ₹200 Cr and a paid-up capital of ₹152.66 Cr. It was formerly known as Raython Asset Reconstruction Private Limited and Rare Asset Reconstruction Private Limited. It is led by directors including Anil Kumar Bhandari (Managing Director) and Ramaswamy Venkatraman Iyer.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 104 – 106 Gala Argos Beside Hari Krupa Tower Gujarat College Road Ellisbridge, Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2025, the company reported a revenue of ₹84.42 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹9.52 Cr (net margin 11.3%) and EBITDA of ₹51.28 Cr (EBITDA margin 60.7%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 11% over five years.
The company is associated with 1 brand: Rare ARC. As per MCA filings, the company has open charges of ₹255 Cr and satisfied charges of ₹29.99 Cr on record. Court records list 274 cases involving the company, including 134 filed by the company and 140 filed against it; 85 cases are pending. The company has 10 deals on record (5 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹101.29 Cr; the latest was in March 2024. Its 8 peer companies in the BFSI industry (Asset Reconstruction Companies), with the same principal business activity (other financial activities) are compared by revenue, 4 larger and 4 smaller; the largest is Suraksha Asset Reconstruction Limited with revenue of ₹258.07 Cr. The company has 4 MSME Form 1 returns on record between 2017 and 2023, listing 8 overdue payments to 4 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rarearc.com.
Company details
Name history
Rare Asset Reconstruction has undergone 3 name changes throughout its history. The company was previously known as Raython Asset Reconstruction Private Limited, Rare Asset Reconstruction Private Limited, and Raytheon Asset Reconstruction Private Limited. The current legal name is Rare Asset Reconstruction Limited.
| Company Name | Status |
|---|---|
| Rare Asset Reconstruction Limited | Current |
| Raython Asset Reconstruction Private Limited | Previous |
| Rare Asset Reconstruction Private Limited | Previous |
| Raytheon Asset Reconstruction Private Limited | Previous |
CIN history
Rare Asset Reconstruction has one previous CIN (Corporate Identification Number): U74900GJ2015PTC084515. The current CIN is U74900GJ2015PLC084515, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900GJ2015PLC084515 | Current |
| U74900GJ2015PTC084515 | Previous |
Contact details
Rare Asset Reconstruction Limited's registered office is in Ahmedabad, Gujarat. Its website is rarearc.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address104 – 106 Gala Argos Beside Hari Krupa Tower Gujarat College Road Ellisbridge, Ahmedabad, Gujarat, India – 380006
- IndustryFinancial Services, Asset Reconstruction Firms
To see the full contact details of Rare Asset Reconstruction 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
Rare Asset Reconstruction operates one associated brand: Rare ARC. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Asset reconstruction and NPA resolution services in the financial sector. | rarearc.com |
Business activity
The main business activity of Rare Asset Reconstruction is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Rare Asset Reconstruction Limited, buy the company report.
Financials of Rare Asset Reconstruction Limited
FY 2025 filings availableRare Asset Reconstruction Limited reported revenue of ₹84.42 Cr (up 29% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 29% growth in the latest year. EBITDA rose 62% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹51.28 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.52 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 60.7% | ||||
| Net Profit Margin | 11.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Rare Asset Reconstruction Limited, buy the company report.
Board of directors of Rare Asset Reconstruction Limited
Rare Asset Reconstruction has 6 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramaswamy Venkatraman Iyer | Director | 31 Mar 2018 | 8 Years 6 Months | Current |
| Anil Kumar Bhandari | Managing Director | 16 Sep 2015 | 11 Years 1 Months | Current |
| Shikha Bhandari | Director | 08 Apr 2019 | 7 Years 6 Months | Current |
| Sandeep Ved Vrat Also directs: Prasan Corporate Advisors (OPC) Private Limited | Director | 16 Sep 2015 | 11 Years 1 Months | Current |
| Dilip Kumar Daga | Director | 24 Mar 2023 | 3 Years 7 Months | Current |
| Prashant Prabhat Chakravorty Also directs: Hamraes Agro Exports LLP, Rungta Greentech Limited | Director | 25 Jun 2024 | 2 Years 4 Months | Current |
Peer comparison
Rare Asset Reconstruction Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Asset Reconstruction Companies), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Suraksha Asset Reconstruction Limited | ₹258.07 Cr (FY 2025) | 127.0% | Mumbai, Maharashtra, India | |||
| Omkara Assets Reconstruction Private Limited | ₹243.2 Cr (FY 2024) | 20.0% | Tirupur, Tamil Nadu, India | |||
| Prudent Arc Limited | ₹234.63 Cr (FY 2025) | 405.0% | New Delhi, Delhi, India | |||
| Asrec (India) Limited | ₹103.9 Cr (FY 2025) | 33.0% | Andheri Kurla Road, Maharashtra, India | |||
| Rare Asset Reconstruction Limitedthis company | ₹84.42 Cr (FY 2025) | ₹9.52 Cr | 11.3% | 29.0% | Ahmedabad, Gujarat, India | |
| Pegasus Assets Reconstruction Private Limited | ₹80.87 Cr (FY 2025) | 20.0% | Mumbai, Maharashtra, India | |||
| Reliance Asset Reconstruction Company Limited | ₹79.4 Cr (FY 2025) | 9.0% | Mumbai, Maharashtra, India | |||
| International Asset Reconstruction Company Private Limited | ₹64.91 Cr (FY 2025) | 1371.0% | New Delhi, Delhi, India | |||
| Encore Asset Reconstruction Company Private Limited | ₹61.62 Cr (FY 2025) | 50.0% | New Delhi, Delhi, India |
To see the full peer comparison of Rare Asset Reconstruction Limited, buy the company report.
Auditor
Rare Asset Reconstruction Limited is audited by Mehta Lodha & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mehta Lodha & Co | FY 2022 | 106250W |
Shareholding
The shareholding of Rare Asset Reconstruction Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rare Asset Reconstruction Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Oct 2025 | 101200092 | Others | ₹45 Cr | Open | |
| 19 Mar 2025 | 101090853 | Others | ₹90 Cr | Open | |
| 20 Sep 2024 | 101024202 | Others | ₹50 Cr | Open | |
| 20 Jul 2024 | 101022692 | Others | ₹70 Cr | Open | |
| 15 Oct 2021 | 100491680 | Others | ₹20 Cr | Satisfied |
To see the full charge records of Rare Asset Reconstruction Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Rare Asset Reconstruction Limited has 10 deals on record (5 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹101.29 Cr; the latest was in March 2024.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Funding round | ₹15 Cr | Investors: Renaissance Fiscal Services Private Limited |
| Dec 2023 | Secondary share transfer | Undisclosed | Buyer: Renaissance Fiscal Services Private Limited Seller: an individual |
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: Renaissance Fiscal Services Private Limited Seller: an individual |
| May 2021 | Funding round | ₹25 Cr | Investors: Renaissance Fiscal Services Private Limited , an individual |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Renaissance Fiscal Services Private Limited Seller: Typhoon Financial Services Limited |
To see the full deal history of Rare Asset Reconstruction 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
Rare Asset Reconstruction Limited has 274 court cases on record: 134 filed by Rare Asset Reconstruction, 140 filed against it. 85 cases are pending and 189 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 113 | 49 | 19 |
| NCLAT | 102 | 67 | 48 |
| District courts | 31 | 15 | 14 |
| NCLT | 18 | 7 | 0 |
| Supreme Court | 10 | 2 | 4 |
Cases on record (5 of 274)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Vistra Itcl India Limited & Ors and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against Shree Siddhivinayak Classic Construction Private Limited | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Unity Small Finance Bank Limited and 1 other | Pending |
| Supreme Court | Appeal | Filed by the company against Express Resorts and Hotels Limited | Pending |
| Supreme Court | Court case | Filed by the company against BS Limited (in Liquidation) | Pending |
To see the full case history of Rare Asset Reconstruction 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
Rare Asset Reconstruction Limited has 4 MSME Form 1 returns on record between 2017 and 2023, listing 8 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mehta Lodha & Co | |||
| an individual supplier | |||
| an individual supplier | |||
| H M Singhvi & Co. |
To see the full MSME payment records of Rare Asset Reconstruction Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Rare Asset Reconstruction has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCR4520J1ZG | Gujarat | Active | 27 Nov 2017 |
To see the full GST registrations and return filing status of Rare Asset Reconstruction Limited, buy the company report.
Recent activity
Rare Asset Reconstruction Limited has 15 board changes on record since 2015: 6 appointments and 9 cessations. The latest: Prashant Prabhat Chakravorty ceased to be Additional Director on 29 Sep 2024.
15 earlier events are in the company report.
Frequently asked questions
Rare Asset Reconstruction is an active public limited company based in Ahmedabad, Gujarat, India. The company works in asset reconstruction firms, within the financial services industry. It was incorporated on 16 September 2015 (11+ years old) and is registered under CIN U74900GJ2015PLC084515.
Rare Asset Reconstruction has 6 current directors:
- Anil Kumar Bhandari - Managing Director
- Ramaswamy Venkatraman Iyer - Director
- Shikha Bhandari - Director
- Sandeep Ved Vrat - Director
- Dilip Kumar Daga - Director
- Prashant Prabhat Chakravorty - Director
The latest financial statements of Rare Asset Reconstruction on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Rare Asset Reconstruction is 24AAHCR4520J1ZG, registered in Gujarat.
The CIN (Corporate Identification Number) of Rare Asset Reconstruction is U74900GJ2015PLC084515. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rare Asset Reconstruction has 274 court cases on record: 134 filed by the company and 140 filed against it. 85 are pending. Most are in the high courts.
Rare Asset Reconstruction was incorporated on 16 September 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Rare Asset Reconstruction has 10 deals on record (5 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹101.29 Cr; the latest was in March 2024.
The peers of Rare Asset Reconstruction by revenue are Suraksha Asset Reconstruction Limited, Omkara Assets Reconstruction Private Limited, Prudent Arc Limited, Asrec (India) Limited, Pegasus Assets Reconstruction Private Limited and 3 more, all in the BFSI industry (Asset Reconstruction Companies), with the same principal business activity (other financial activities).
Prashant Prabhat Chakravorty ceased to be Additional Director on 29 Sep 2024. Prashant Prabhat Chakravorty was appointed as Director on 25 Jun 2024. Dilip Kumar Daga ceased to be Additional Director on 29 Sep 2023. Rare Asset Reconstruction has 15 board changes on record in total.
Rare Asset Reconstruction has 4 MSME Form 1 returns on record between 2017 and 2023, listing 8 overdue payments to 4 micro and small suppliers. The latest return was filed on 28 Apr 2023.
Rare Asset Reconstruction can be reached through the website rarearc.com. Its registered office is in Ahmedabad, Gujarat, India.