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.
CIN: U93090CT2018PTC008695ActiveRoC-Chhattisgarh
Last updated 17 August 2026
SummaryFrom public filings
SWNAC E-Kiraya Services Pvt Ltd operates SharePal, an online rental platform for various lifestyle and general-use products. Founded in 2018 and headquartered in Bengaluru, the company reported a total revenue of ₹7.99 crore for FY2024, reflecting a 159% growth year-over-year. Despite decreased EBITDA and net profit, the company's net worth increased by approximately 18.7%.
Compiled from MCA filings and other public records. Figures may lag the latest filing; verify against the detailed sections below.
See what AICA knows about SWNAC E-Kiraya Services
Deeper analysis, financial signals and peer comparisons.
Company Identity
| Registered name | SWNAC E-Kiraya Services Private Limited |
|---|---|
| CIN | U93090CT2018PTC008695 |
| PAN | ABACS6711L |
| Status | Active |
| Listing | Unlisted (Private Limited Company) |
| Incorporated | 10 August 2018 |
| ROC | RoC-Chhattisgarh |
| Sector (NIC) | NIC 93090 — "Other service activities n.e.c."; commercially operates as an online rental platform (e-commerce/rental) under the brand SharePal |
| Registered address |
|
| Authorized capital |
|
| Paid-up capital | ₹10,00,000 (₹10 lakh) |
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
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Rushi Narang | 08197623 | - | 10 Aug 2018 |
| Akash Deep Chhabra | 09074484 | - | 20 Feb 2021 |
Financials
- FY2024 (year ended 31 March 2024), standalone (entity-level, as filed with RoC) — not consolidated: Total Revenue ≈ ₹7.99 crore, up ~159% YoY. EBITDA: down ~50.7% YoY. Net Profit: down ~46.6% YoY. Net worth: up ~18.7% YoY. Borrowings: up ~120.1% YoY
- Debt-to-Equity ≈ 4.19
- Total assets: up ~82.25% YoY. Auditor: V Jaiswal & Co.. 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
- 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 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
Charges / Loans
- Open charges confirmed by 2 independent sources: 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
- No other lenders/charge-holders found
Legal / Litigation
Indian Kanoon search for "SWNAC E-Kiraya" returned no matching results — no reported court cases/judgments found.
Competitors
- Online rental-platform peers: 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?
The Corporate Identification Number (CIN) of SWNAC E-Kiraya Services Private Limited is U93090CT2018PTC008695.
Where is SWNAC E-Kiraya Services Private Limited registered?
SWNAC E-Kiraya Services Private Limited is registered with RoC-Chhattisgarh (confirmed, all sources). Registered address: 1003/14 Sadar Road, Ambikapur, Surguja, Chhattisgarh 497001, India (confirmed, all sources).
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).
Explore on Recur Club
Revenue-Based FinancingRepay as a share of monthly revenueWorking Capital LoansCollateral-light capital for operationsSecured Term LoansLarger, longer-tenure debtCheck Your EligibilityEstimate funding in minutesCompany SearchExplore more company profilesFinance CalculatorsFree tools for founders & finance teams
Bharat Ke Super Founders
Recur Club's show spotlighting the founders building India's next generation of companies. Watch their stories.
Looking for business funding?
Recur Club is India's largest AI-native debt platform - working capital, term loans and structured debt from 150+ lending partners, without diluting equity.