Ricavi Finance Limited

Founded in 1984 and headquartered in Gujarat, India.

1984 | Ahmedabad, Gujarat (India) | Active
Last Updated:

Ricavi Finance Profile

Key Indicators

  • Authorised Capital ₹ 9.90 Cr
  • Paid Up Capital ₹ 9.90 Cr
  • Company Age 40 Year, 10 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 ten 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

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    ricavifinance.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65910GJ1984PLC006902

  • Company No.

    006902

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    24 Apr 1984

  • Date of AGM

    01 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Financial Services

Who are the key members and board of directors at Ricavi Finance?

Board Members (5)

NameDesignationAppointment DateStatus
Vyomesh Patel Country flag representing In Whole-Time Director 23-Jan-2014Current
Kiran Desai Country flag representing In Whole-Time Director 23-Jan-2014Current
Alkesh Desai Country flag representing In Whole-Time Director 23-Jan-2014Current
Chirag Desai Country flag representing In Whole-Time Director 03-May-2021Current
Vipul Desai Country flag representing In Whole-Time Director 23-Mar-2023Current

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%.

Ricavi Finance revenue growth over time
Ricavi Finance profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
19.73%
Revenue from Operations
18.85%
Total Assets
-14.22%
Profit or Loss
-117.98%
Net Worth
-12.27%
EBITDA
-2704.87%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹10.32 Cr

Charges Breakdown by Lending Institutions

  • Others : 10.16 Cr
  • Hdfc Bank Limited : 0.16 Cr

Latest Charge Details

DateLenderAmountStatus
18 Aug 2022Others₹1.00 CrSatisfied
28 Jul 2022Others₹5.00 MSatisfied
25 Mar 2022Others₹5.00 MSatisfied
27 Jan 2022Others₹1.00 CrSatisfied
29 Dec 2021Others₹7.50 MSatisfied

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.

Employee growth trends for Ricavi Finance Limited

Deals i

Graph showing company valuation over time

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

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on Ricavi Finance

Recent activity within the organization

  • Charges

    A charge registered on 18 Aug 2022 via Charge ID 100612631 with Others was fully satisfied on 18 Jun 2024.

  • Charges

    A charge registered on 28 Jul 2022 via Charge ID 100597339 with Others was fully satisfied on 16 Feb 2024.

  • Charges

    A charge registered on 27 Jan 2022 via Charge ID 100527123 with Others was fully satisfied on 03 Feb 2024.

  • Annual General Meeting

    Ricavi Finance Limited last Annual general meeting of members was held on 01 Sep 2023 as per latest MCA records.

  • Charges

    A charge registered on 29 Dec 2021 via Charge ID 100522786 with Others was fully satisfied on 08 Aug 2023.

  • Charges

    A charge registered on 30 Nov 2021 via Charge ID 100505338 with Others was fully satisfied on 27 Jun 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Ricavi Finance Limited?

    Ricavi Finance Limited was incorporated on 24 Apr 1984.

  • What is authorized share capital and paid-up capital of Ricavi Finance Limited?

    The authorized share capital of Ricavi Finance Limited is ₹ 9.90 Cr and paid-up capital is ₹ 9.90 Cr.

  • Who are the current board members & directors of Ricavi Finance Limited?

    Currently 5 directors are associated with Ricavi Finance Limited.

    • Alkesh Dhanjibhai Desai
    • Kiran Ranachhodbhai Desai
    • Vyomesh Jagdishbhai Patel
    • Chirag Jayrambhai Desai
    • Vipul Amrutbhai Desai

  • What is the registered address of Ricavi Finance Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Ricavi Finance Limited is 801/802Arista Business Space Sindhubhavan RoadBodakdev, Ahmedabad, Gujarat, India, 380054.

  • What is the corporate identification number (CIN) and company number of Ricavi Finance Limited?

    The corporate identification number (CIN) of Ricavi Finance Limited is U65910GJ1984PLC006902 and the company number is 006902 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Ricavi Finance Limited?

    The Official website of Ricavi Finance Limited is https://www.ricavifinance.com

  • What has been the recent revenue trend for Ricavi Finance Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Ricavi Finance Limited has risen by 19.73%.

  • What change has been observed in the net worth of Ricavi Finance Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Ricavi Finance Limited has experienced an downturn of -12.27%.

  • When was the last Balance Sheet of Ricavi Finance Limited filed with the ROC?

    The most recent Balance Sheet for Ricavi Finance Limited was filed with the ROC on 31 Mar 2023.

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