Ricavi Finance Profile
Key Indicators
- Authorised Capital ₹ 9.90 Cr
- Paid Up Capital ₹ 9.90 Cr
- Company Age 40 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 10.32 Cr
- Revenue Growth 19.73%
- Profit Growth -117.98%
- Ebitda -2704.87%
- Net Worth -12.27%
- Total Assets -14.22%
About Ricavi Finance
Ricavi Finance Limited (RFL) is a Public Limited Indian Non-Government Company incorporated in India on 24 April 1984 and has a history of 40 years and nine months. Its registered office is in Ahmedabad, Gujarat, India.
The Corporate was formerly known as Novartis Finance Limited. The Company is engaged in the Financial Services Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 9.90 Cr and a paid-up capital of Rs 9.90 Cr.
The company has closed loans amounting to ₹10.32 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Alkesh Desai, Kiran Desai, Vyomesh Patel, and Two other members serve as directors at the Company.
Company Details
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Location
Ahmedabad, Gujarat, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U65910GJ1984PLC006902
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Company No.
006902
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
24 Apr 1984
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Date of AGM
01 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Ahmedabad
Industry
Who are the key members and board of directors at Ricavi Finance?
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vyomesh Patel
|
Whole-Time Director | 23-Jan-2014 | Current |
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Kiran Desai
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Whole-Time Director | 23-Jan-2014 | Current |
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Alkesh Desai
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Whole-Time Director | 23-Jan-2014 | Current |
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Chirag Desai
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Whole-Time Director | 03-May-2021 | Current |
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Vipul Desai
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Whole-Time Director | 23-Mar-2023 | Current |
Financial Performance of Ricavi Finance.
Ricavi Finance Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 19.73% increase. The company also saw a substantial fall in profitability, with a 117.98% decrease in profit. The company's net worth observed a substantial decline by a decrease of 12.27%.
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What is the Ownership and Shareholding Structure of Ricavi Finance?
In 2023, Ricavi Finance had a promoter holding of 48.70% and a public holding of 51.30%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Avisa Realty And Financial Services LlpKiran Desai and Chirag Desai are mutual person
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Hydro Chromec Private Limited
Kiran Desai is a mutual person
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Taxplanet Accountants Llp
Chirag Desai is a mutual person
Charges (Loans)
₹0
₹10.32 Cr
Charges Breakdown by Lending Institutions
- Others : 10.16 Cr
- Hdfc Bank Limited : 0.16 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Aug 2022 | Others | ₹1.00 Cr | Satisfied |
| 28 Jul 2022 | Others | ₹5.00 M | Satisfied |
| 25 Mar 2022 | Others | ₹5.00 M | Satisfied |
| 27 Jan 2022 | Others | ₹1.00 Cr | Satisfied |
| 29 Dec 2021 | Others | ₹7.50 M | Satisfied |
How Many Employees Work at Ricavi Finance?
Unlock and access historical data on people associated with Ricavi Finance, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Ricavi Finance, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Ricavi Finance's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
