Raspalfa Services Private Limited
About Raspalfa Services Private Limited
Data last updated:
Raspalfa Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 26 November 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1993PTC218678. Its GSTIN is 27AAACR2801B1Z2 (Maharashtra).
The company has an authorised share capital of ₹27 Cr and a paid-up capital of ₹14.77 Cr. It was formerly known as Reliance Share & Stock Brokers Private Limited. It is led by directors Ganesh Atmaram Pawde and Govindan Ramaswami Kaundar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹49.69 Cr, a growth of 108% compared to the previous year. For the same year it recorded a net loss of ₹132.58 Cr (net margin -266.8%) and EBITDA of -₹132.55 Cr (EBITDA margin -266.7%). Revenue has declined at a compounded annual rate (CAGR) of 25% over three years and 30% over five years.
As per MCA filings, the company has open charges of ₹1,435 Cr on record. Court records list 8 cases involving the company, including 1 filed by the company and 7 filed against it. The company has 12 deals on record (7 secondary share transfers, 4 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹1,095.18 Cr; the latest was in March 2020.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Raspalfa Services has undergone 2 name changes throughout its history. The company was previously known as Reliance Share & Stock Brokers Private Limited, and Raspalfa Services Private Limited. The current legal name is Raspalfa Services Private Limited.
| Company Name | Status |
|---|---|
| Raspalfa Services Private Limited | Current |
| Reliance Share & Stock Brokers Private Limited | Previous |
CIN history
Raspalfa Services has one previous CIN (Corporate Identification Number): U67120GJ1993PTC020731. The current CIN is U67120MH1993PTC218678, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67120MH1993PTC218678 | Current |
| U67120GJ1993PTC020731 | Previous |
Contact details
Raspalfa Services Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressCosmos Chambers Cabin No. 11 Floor R 10 Plot – 20, Raja Bahadur Mansion Ambalal Doshi Marg Bombay Stock Exchange Fort, Mumbai, Maharashtra, India – 400001
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Raspalfa Services 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
Business activity
The main business activity of Raspalfa Services 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 Raspalfa Services Private Limited, buy the company report.
Financials of Raspalfa Services Private Limited
FY 2024 filings availableRaspalfa Services Private Limited reported revenue of ₹49.69 Cr (up 108% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 108% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 30%. EBITDA fell 73% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹132.55 Cr | ||||
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| Net Profit (PAT) | -₹132.58 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -266.7% | ||||
| Net Profit Margin | -266.8% | ||||
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To see the full financial statements and ratios of Raspalfa Services Private Limited, buy the company report.
Board of directors of Raspalfa Services Private Limited
Raspalfa Services has 2 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganesh Atmaram Pawde | Director | 08 Dec 2021 | 4 Years 10 Months | Current |
| Govindan Ramaswami Kaundar | Director | 31 Jan 2022 | 4 Years 8 Months | Current |
Auditor
Raspalfa Services Private Limited is audited by BAKLIWAL & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BAKLIWAL & CO | FY 2021 | 130381W |
Shareholding
The shareholding of Raspalfa Services Private Limited is on record for 4 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 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Raspalfa Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 2015 | 10616097 | Others | ₹1,435 Cr | Open |
To see the full charge records of Raspalfa Services Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Raspalfa Services Private Limited has 12 deals on record (7 secondary share transfers, 4 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹1,095.18 Cr; the latest was in March 2020.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Reliance Value Services Private Limited Seller: Reliance Entertainment Networks Private Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Adhar Project Management & Consultancy Private Limited Seller: Reliance Capital Ltd |
| Dec 2016 | Secondary share transfer | Undisclosed | Seller: Reliance Capital Ltd |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Rvampl Management Consultants Private Limited Seller: Reliance Entertainment Networks Private Limited |
| Mar 2015 | Secondary share transfer | Undisclosed | Seller: Reliance Capital Ltd |
To see the full deal history of Raspalfa Services Private 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
Raspalfa Services Private Limited has 8 court cases on record: 1 filed by Raspalfa Services, 7 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 5 | 5 | 0 |
| Supreme Court | 2 | 1 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (4 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| Supreme Court | Appeal | Filed by the company against an individual | Disposed |
| Supreme Court | Court case (0316-Direct Taxes Matter : Income from Business/Profession) | Filed against the company by an individual | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by Commissioner of Income Tax City-4, Mumbai | Disposed |
To see the full case history of Raspalfa Services 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 Raspalfa Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Raspalfa Services has 8 associated companies. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
GST
Raspalfa Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACR2801B1Z2 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Raspalfa Services Private Limited, buy the company report.
Recent activity
Raspalfa Services Private Limited has 14 board changes on record since 2007: 2 appointments and 12 cessations. The latest: Ganesh Atmaram Pawde ceased to be Additional Director on 30 Sep 2022.
7 earlier events are in the company report.
Frequently asked questions
Raspalfa Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 26 November 1993 (33+ years old) and is registered under CIN U67120MH1993PTC218678.
Raspalfa Services has 2 current directors:
- Ganesh Atmaram Pawde - Director
- Govindan Ramaswami Kaundar - Director
The latest financial statements of Raspalfa Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Raspalfa Services is 27AAACR2801B1Z2, registered in Maharashtra.
The CIN (Corporate Identification Number) of Raspalfa Services is U67120MH1993PTC218678. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raspalfa Services has 8 court cases on record: 1 filed by the company and 7 filed against it. Most are in the nclat.
Raspalfa Services was incorporated on 26 November 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
Raspalfa Services has 12 deals on record (7 secondary share transfers, 4 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹1,095.18 Cr; the latest was in March 2020.
Ganesh Atmaram Pawde ceased to be Additional Director on 30 Sep 2022. Govindan Ramaswami Kaundar ceased to be Additional Director on 30 Sep 2022. Govindan Ramaswami Kaundar was appointed as Director on 31 Jan 2022. Raspalfa Services has 14 board changes on record in total.
The registered office of Raspalfa Services is at Cosmos Chambers Cabin No. 11 Floor R 10 Plot – 20, Raja Bahadur Mansion Ambalal Doshi Marg Bombay Stock Exchange Fort, Mumbai, Maharashtra, India – 400001.
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