About Rentworks India Private Limited
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Rentworks India Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Rentworks Mauritius Limited. It operates in the equipment leasing and financing segment of the financial services sector. It was incorporated on 27 February 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U71230MH2001PTC131029. The company has 28 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹40.35 Lakh. It is led by directors Alan Van Niekerk and Chirmila Raingam.
Its last annual general meeting (AGM) was held on 25 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 501 5th Floor Standford Plaza Opp. Richa Building Off. New Link Road Andheri West, Mumbai, Maharashtra, India – 400053.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.35 Cr, a decline of 39% compared to the previous year. For the same year it recorded a net loss of ₹8.13 Lakh (net margin -6%) and EBITDA of -₹8.08 Lakh (EBITDA margin -6%). Revenue has declined at a compounded annual rate (CAGR) of 20% over three years and 47% over five years.
As per MCA filings, the company has open charges of ₹4,158.1 Cr and satisfied charges of ₹1,428.03 Cr on record. Court records list 75 cases involving the company, including 40 filed by the company and 35 filed against it; 9 cases are pending. The company has 6 deals on record (6 secondary share transfers); the latest was in April 2013.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rentworks.co.in.
Company details
Contact details
Rentworks India Private Limited's registered office is in Mumbai, Maharashtra. Its website is rentworks.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address501 5th Floor Standford Plaza Opp. Richa Building Off. New Link Road Andheri West, Mumbai, Maharashtra, India – 400053
- IndustryFinancial Services, Equipment Leasing & Financing
To see the full contact details of Rentworks India 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
Financials of Rentworks India Private Limited
FY 2024 filings availableRentworks India Private Limited reported revenue of ₹1.35 Cr (down 39% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 47% over five years, including a 39% fall in the latest year. EBITDA fell 763% 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 |
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| EBITDA | -₹8.08 Lakh | ||||
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| Net Profit (PAT) | -₹8.13 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -6% | ||||
| Net Profit Margin | -6% | ||||
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To see the full financial statements and ratios of Rentworks India Private Limited, buy the company report.
Board of directors of Rentworks India Private Limited
Rentworks India has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Alan Van Niekerk | Director | 27 Feb 2001 | 25 Years 8 Months | Current |
| Chirmila Raingam | Director | 09 Mar 2023 | 3 Years 7 Months | Current |
Auditor
Rentworks India Private Limited is audited by ANURADHA BAJPAI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANURADHA BAJPAI | FY 2023 |
Shareholding
The shareholding of Rentworks India Private 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rentworks India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Sep 2015 | 100029229 | Others | ₹146.01 Cr | Open | |
| 31 Aug 2015 | 10591721 | L & T Finance Limited | ₹5.19 Cr | Open | |
| 28 Nov 2014 | 10536492 | L & T Finance Limited | ₹53.67 Lakh | Open | |
| 30 Oct 2014 | 10528956 | L & T Finance Limited | ₹10.77 Lakh | Open | |
| 02 Sep 2014 | 10520424 | L & T Finance Limited | ₹10.02 Lakh | Open |
To see the full charge records of Rentworks India Private Limited, buy the company report.
Total charge records: 1886 View all charges
Deals & funding
Rentworks India Private Limited has 6 deals on record (6 secondary share transfers); the latest was in April 2013.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2013 | Secondary share transfer | Undisclosed | Seller: Rentworks Mauritius Limited |
| Jan 2013 | Secondary share transfer | Undisclosed | Seller: Rentworks Mauritius Limited |
| Dec 2012 | Secondary share transfer | Undisclosed | Seller: Rentworks Mauritius Limited |
| Sep 2012 | Secondary share transfer | Undisclosed | Seller: Rentworks Mauritius Limited |
| Jul 2010 | Secondary share transfer | Undisclosed | Seller: Rentworks Mauritius Limited |
To see the full deal history of Rentworks India 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
Rentworks India Private Limited has 75 court cases on record: 40 filed by Rentworks India, 35 filed against it. 9 cases are pending and 66 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 52 | 23 | 6 |
| District courts | 22 | 12 | 3 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 75)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ANDHRAPRADESH | Writ petition | Filed against the company by Icici Bank Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMONS FOR JUDGT) | Filed against the company by Birla Sun Life Insurance Company Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by L and T Finance Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against Net 4 India Ltd. and Ors. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by E-City Digital Cinemas Pvt. Ltd. | Disposed |
To see the full case history of Rentworks India 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 Rentworks India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rentworks India has 28 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 Rentworks India Private Limited, buy the company report.
Recent activity
Rentworks India Private Limited has 6 board changes on record since 2001: 2 appointments and 4 cessations. The latest: Chirmila Raingam ceased to be Additional Director on 29 Sep 2023.
2137 earlier events are in the company report.
Frequently asked questions
Rentworks India is an active private limited company based in Mumbai, Maharashtra, India. The company works in equipment leasing and financing, within the financial services industry. It was incorporated on 27 February 2001 (25+ years old) and is registered under CIN U71230MH2001PTC131029.
Rentworks India has 2 current directors:
- Alan Van Niekerk - Director
- Chirmila Raingam - Director
The latest financial statements of Rentworks India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 25 September 2024. Year-wise statements from 2015 are in the company report.
No. Rentworks India has 28 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Rentworks India is U71230MH2001PTC131029. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rentworks India has 75 court cases on record: 40 filed by the company and 35 filed against it. 9 are pending. Most are in the high courts.
Rentworks India was incorporated on 27 February 2001, making it 25+ years old. It is registered with the Registrar of Companies, Mumbai.
Rentworks India has 6 deals on record (6 secondary share transfers); the latest was in April 2013.
Chirmila Raingam ceased to be Additional Director on 29 Sep 2023. Glenn Keith Goodall ceased to be Director on 20 Mar 2023. Chirmila Raingam was appointed as Director on 09 Mar 2023. Rentworks India has 6 board changes on record in total.
Rentworks India can be reached through the website rentworks.co.in. Its registered office is in Mumbai, Maharashtra, India.