COMPANY INTELLIGENCE PROFILE
SWNAC E-Kiraya Services Private Limited
SWNAC E-Kiraya Services Pvt Ltd is the legal entity operating SharePal (sharepal.in), an online rental platform for lifestyle and general-use products (furniture, appliances, electronics, cameras, travel/outdoor gear, party/event equipment, baby products, etc.), renting for periods from a few days to a year.
SWNAC E-Kiraya Services Pvt Ltd, operating as SharePal, is an Indian online rental platform established in August 2018 by Gurucharan Singh Chhabra and Rushi Narang. Based in Bengaluru, the company offers a wide range of lifestyle rental services across several major cities. In FY2024, it reported revenues of approximately ₹7.99 crore, reflecting a 159% growth year-on-year. Although bootstrapped initially, SharePal received incubation support from NSRCEL at IIM Bangalore.
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Business Overview
- SWNAC E-Kiraya Services Pvt Ltd is the legal entity operating SharePal (sharepal.in), an online rental platform for lifestyle and general-use products, furniture, appliances, electronics, cameras, travel/outdoor gear, party/event equipment, baby products, etc., renting for periods from a few days to a year.
- Founded August 2018 by Gurucharan Singh Chhabra and Rushi Narang
- Headquartered in Bengaluru with stated presence across ~6 cities, Mumbai, Bengaluru, Delhi-NCR/Gurgaon/Noida, Chennai.
- Recognized as a DPIIT Startup.
- Reported as bootstrapped/profitable in its early years, crossing revenue milestones by FY2021-22, and received incubation support from NSRCEL, IIM Bangalore's incubator, — this appears to be the "1st and only funding round" referenced on Tracxn, i.e., incubator/accelerator support rather than a priced VC round., Sources: TheCompanyCheck, Tracxn, YourStory, general web search — partial/unverified on exact founding narrative details
Sector & Classification
NIC 93090 — "Other service activities n.e.c."; commercially operates as an online rental platform (e-commerce/rental) under the brand SharePal (Source: Tofler, TheCompanyCheck)
Directors & Key Management
Directors — source notes
1) Rushi Narang — DIN 08197623, Director since incorporation (10 Aug 2018) (Source: Tofler — DIN confirmed on one source only, partial). 2) Akash Deep Chhabra — DIN 09074484, Director since 20 Feb 2021 (Source: Tofler — partial, single source for DIN). Note: TheCompanyCheck lists the same two directors but did not surface DINs. Falconebiz (best source for DINs per instructions) could not be fetched — its company page returned only a generic search/landing interface, likely bot-gated; DINs above should be treated as partial/unverified pending a second corroborating source. Common directorship: Akash Deep Chhabra also associated with Repium Ventures LLP (Bengaluru South, Karnataka) per TheCompanyCheck.
GST Registrations
Not obtained. No GSTIN could be located via knowyourgst individual-page search, findgst.in, mastersindia.co, or general web search under the company's PAN (ABACS6711L) or trade name (Sharepal). Given the company's Chhattisgarh registered office but Bengaluru/multi-city operations, it likely holds multiple state GST registrations, but none could be confirmed from open sources within this search.
Financials
SWNAC E-Kiraya Services Private Limited reported a total revenue of approximately ₹7.99 crore for FY2024, marking a 159% increase year-over-year. EBITDA and net profit declined by around 50.7% and 46.6% respectively, while net worth rose by 18.7%. Borrowings increased by approximately 120.1%, resulting in a debt-to-equity ratio of about 4.19. Total assets grew by roughly 82.25%.
AI-generated, may contain errors.
| FY2024, year ended 31 March 2024, standalone, entity-level, as filed with RoC, — not consolidated: Total Revenue ≈ ₹7.99 crore, up ~159% YoY, confirmed: Tofler & TheCompanyCheck agree. | |
| EBITDA | down ~50.7% YoY, Tofler; exact figure paywalled — partial. |
| Net Profit | down ~46.6% YoY, Tofler; exact figure paywalled — partial. |
| Net worth | up ~18.7% YoY, Tofler; exact figure paywalled — partial. |
| Borrowings | up ~120.1% YoY |
| Debt-to-Equity ≈ 4.19, Tofler — partial, single source. | |
| Total assets | up ~82.25% YoY, Tofler — partial. |
| Auditor | V Jaiswal & Co., FY2023, per TheCompanyCheck. |
| Exact absolute rupee figures for EBITDA/PAT/net worth/borrowings sit behind paywalls on both Tofler and TheCompanyCheck and could not be extracted — flagged as a data gap. | |
Funding History
- Reported by Tracxn as "a funded company having raised in its 1st and only funding round" but the specific amount, date, and investor names are redacted/paywalled and could not be confirmed.
- Separately, multiple sources, TheCompanyCheck, YourStory, general search, describe the company as bootstrapped and profitable in its early years, crossing a revenue milestone by FY2021-22, with incubation support from NSRCEL, IIM Bangalore's incubator/accelerator, — this may be what Tracxn is counting as its "funding round" rather than a priced equity round.
- No named VC/institutional investor could be confirmed.
- Status: partial/unconfirmed.
Loans & Charges
- Open charges confirmed by 2 independent sources, Tofler, TheCompanyCheck: Lender — Indian Bank
- 4 registered charges totaling ≈ ₹5.07–5.1 crore, dated October 2021, March 2023, March 2024, and June 2024. Satisfied charges: ₹0, TheCompanyCheck. No other lenders/charge-holders found.
Credit Ratings
- None found.
- No CRISIL/ICRA/CARE rating could be located for SWNAC E-Kiraya Services Pvt Ltd or its SharePal brand in web search — consistent with a small private company that has not sought a public bond/bank credit rating, or one not indexed publicly.
- Marked "none found," not confirmed absence.
Legal & Compliance
- Indian Kanoon search for "SWNAC E-Kiraya" returned no matching results — no reported court cases/judgments found, confirmed by direct search of indiankanoon.org.
Competitive Landscape
- Online rental-platform peers, per Tracxn's competitor set and general market knowledge: 1) RentoMojo — furniture/appliance/vehicle rental, Bengaluru, well-funded, much larger scale.
- 2) Furlenco — furniture rental, Bengaluru, VC-funded, larger scale.
- 3) CityFurnish — furniture/appliance rental, Gurugram, mid-scale.
- 4) Rentickle — furniture/home-appliance rental (~$3M funding), smaller scale, comparable/slightly larger.
- 5) RentSher — P2P/electronics rental marketplace, ~$1.8M funding, reportedly deadpooled, smaller scale.
- 6) i-rent-out — multi-category rental platform, unfunded, smaller scale.
- SharePal/Swnac ranked 4th among a13-company competitor cohort by Tracxn's internal score — positioned as a smaller, profitable/bootstrapped niche player relative to VC-backed leaders RentoMojo and Furlenco.
Frequently Asked Questions
What does SWNAC E-Kiraya Services Pvt Ltd do?
SWNAC E-Kiraya Services Pvt Ltd operates SharePal, an online rental platform for lifestyle and general-use products, such as furniture, appliances, electronics, cameras, and outdoor gear. The brand is recognized as a DPIIT Startup and operates commercially across approximately six cities including Mumbai, Bengaluru, and Delhi-NCR.
When was SWNAC E-Kiraya Services Pvt Ltd incorporated?
SWNAC E-Kiraya Services Pvt Ltd was incorporated on 10 August 2018.
What is the CIN of SWNAC E-Kiraya Services Pvt Ltd?
The Corporate Identification Number (CIN) of SWNAC E-Kiraya Services Pvt Ltd is U93090CT2018PTC008695.
What is the registered office address of SWNAC E-Kiraya Services Pvt Ltd?
The registered office address of SWNAC E-Kiraya Services Pvt Ltd is 1003/14 Sadar Road, Ambikapur, Surguja, Chhattisgarh 497001, India.
Has SWNAC E-Kiraya Services Pvt Ltd obtained a GSTIN?
SWNAC E-Kiraya Services Pvt Ltd has not obtained a GSTIN that could be located from open sources. It likely holds multiple state GST registrations due to its multi-city operations, but none could be confirmed.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.