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.
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
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 Private Limited do?
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.
What is the CIN of SWNAC E-Kiraya Services Private Limited?
SWNAC E-Kiraya Services Private Limited's Corporate Identification Number (CIN) is U93090CT2018PTC008695.
When was SWNAC E-Kiraya Services Private Limited incorporated?
SWNAC E-Kiraya Services Private Limited was incorporated on 10 August 2018 (Source: Tofler, TheCompanyCheck, InstaFinancials — confirmed) and is registered with RoC-Chhattisgarh (confirmed, all sources).
Who are the directors of SWNAC E-Kiraya Services Private Limited?
Directors on record include Rushi Narang (DIN 08197623); Akash Deep Chhabra (DIN 09074484).
Where is SWNAC E-Kiraya Services Private Limited registered?
The registered office of SWNAC E-Kiraya Services Private Limited is at 1003/14 Sadar Road, Ambikapur, Surguja, Chhattisgarh 497001, India (confirmed, all sources). Note: operational/brand HQ (SharePal) is commonly listed as Bengaluru, Karnataka (Tracxn, D&B, PitchBook) — a common registered-office-vs-operating-office split for MCA filings..
Information compiled from public registry and secondary sources (as of 2026-07-29). It may be incomplete or dated; verify independently before relying on it. Known gaps: GSTIN(s) not found; exact PAN single-sourced (partial); DINs for both directors single-sourced via Tofler only (Falconebiz page, the instructed best-DIN source, returned a generic landing/search page and could not be verified — could not corroborate); exact absolute financial figures (EBITDA, PAT, net worth, borrowings) paywalled on all sources, only YoY % changes obtained; shareholding pattern fully paywalled/not obtained; funding round amount/date/investor names redacted/unconfirmed; credit ratings — none found; logo image URL could not be confirmed (sharepal.in returned HTTP 403/429 on fetch attempts) — set to "not obtained," favicon fallback expected; authorized capital shows a minor discrepancy between a stale cached figure (₹1 lakh) vs. the corroborated current figure (₹50 lakh) — resolved in favour of the 3-source-confirmed ₹50 lakh.