Raic Integrated Sponge & Power Private Limited

Manufacturer of sponge iron, billets, TMT, and silicomanganese with a large production capacity.

2003 | Kolkata, West Bengal (India) | Active
Last Updated:

Raic Integrated Sponge & Power Profile

Key Indicators

  • Authorised Capital ₹ 8.00 Cr
  • Paid Up Capital ₹ 7.71 Cr
  • Company Age 22 Year, 2 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 548.91 Cr
  • Satisfied Charges ₹ 88.15 Cr
  • Revenue Growth 45.26%
  • Profit Growth 49.77%
  • Ebitda 27.84%
  • Net Worth 30.74%
  • Total Assets 17.89%

About Raic Integrated Sponge & Power

Raic Integrated Sponge & Power Private Limited (RISPPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 20 February 2003 and has a history of 22 years and two months. Its registered office is in Kolkata, West Bengal, India.

The Corporate was formerly known as Bhagwati Sponge Private Limited. The Company is engaged in the Metals And Minerals 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 8.00 Cr and a paid-up capital of Rs 7.71 Cr.

The company currently has active open charges totaling ₹548.91 Cr. The company has closed loans amounting to ₹88.15 Cr, as per Ministry of Corporate Affairs (MCA) records.

Sheo Singh, Vivek Adukia, Dinesh Adukia, and One other member serve as directors at the Company.

Company Details

  • Location

    Kolkata, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27105WB2003PTC095823

  • Company No.

    095823

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    20 Feb 2003

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Metals and Minerals
Company report

Raic Integrated Sponge & Power Private Limited

Explore comprehensive data for Raic Integrated Sponge & Power Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Raic Integrated Sponge & Power?

Board Members (4)

NameDesignationAppointment DateStatus
Sheo Singh Country flag representing In Director 21-Apr-2017Current
Vivek Adukia Country flag representing In Director 04-Apr-2011Current
Dinesh Adukia Country flag representing In Director 04-Apr-2011Current
Gyan Adukia Country flag representing In Director 15-Feb-2019Current

Financial Performance of Raic Integrated Sponge & Power.

Raic Integrated Sponge & Power Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 45.26% increase. The company also saw a substantial improvement in profitability, with a 49.77% increase in profit. The company's net worth Soared by an impressive increase of 30.74%.

Raic Integrated Sponge & Power revenue growth over time
Raic Integrated Sponge & Power 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
45.26%
Revenue from Operations
45.44%
Total Assets
17.89%
Profit or Loss
49.77%
Net Worth
30.74%
EBITDA
27.84%

What is the Ownership and Shareholding Structure of Raic Integrated Sponge & Power?

In 2023, Raic Integrated Sponge & Power had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹548.91 Cr

Satisfied Charges

₹88.15 Cr

Charges Breakdown by Lending Institutions

  • Others : 183.49 Cr
  • Hdfc Bank Limited : 161.25 Cr
  • Axis Bank Limited : 139.17 Cr
  • Yes Bank Limited : 65.00 Cr

Latest Charge Details

DateLenderAmountStatus
27 Aug 2024Axis Bank Limited₹1.01 CrOpen
27 Jun 2024Others₹40.00 CrOpen
30 Mar 2024Axis Bank Limited₹1.18 CrOpen
20 Dec 2023Axis Bank Limited₹8.50 MOpen
24 Nov 2023Others₹30.00 CrOpen

How Many Employees Work at Raic Integrated Sponge & Power?

Raic Integrated Sponge & Power has a workforce of 375 employees as of May 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Raic Integrated Sponge & Power Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Raic Integrated Sponge & Power, 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 Raic Integrated Sponge & Power'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 Raic Integrated Sponge & Power

Recent activity within the organization

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 1.01 Cr with Charge ID 100971185 was registered on 27 Aug 2024.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 161.08 Cr registered on 21 Jun 2018 with Charge ID 100205987 was modified on 22 Aug 2024.

  • Charges

    A charge with Others amounted to Rs. 40.00 Cr with Charge ID 100946779 was registered on 27 Jun 2024.

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 1.18 Cr with Charge ID 100896925 was registered on 30 Mar 2024.

  • Charges

    A charge with Axis Bank Limited of Rs. 86.25 Cr registered on 28 Mar 2022 with Charge ID 100574559 was modified on 06 Mar 2024.

  • Charges

    A charge with Yes Bank Limited of Rs. 15.00 Cr registered on 22 Sep 2021 with Charge ID 100489686 was modified on 06 Mar 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Raic Integrated Sponge & Power Private Limited?

    Raic Integrated Sponge & Power Private Limited was incorporated on 20 Feb 2003.

  • What is authorized share capital and paid-up capital of Raic Integrated Sponge & Power Private Limited?

    The authorized share capital of Raic Integrated Sponge & Power Private Limited is ₹ 8.00 Cr and paid-up capital is ₹ 7.71 Cr.

  • Who are the current board members & directors of Raic Integrated Sponge & Power Private Limited?

    Currently 4 directors are associated with Raic Integrated Sponge & Power Private Limited.

    • Sheo Pujan Singh
    • Vivek Adukia
    • Dinesh Adukia
    • Gyan Adukia

  • What is the registered address of Raic Integrated Sponge & Power Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Raic Integrated Sponge & Power Private Limited is 25, Ganesh Chandra Avenue 4Th Floor India, Kolkata, West Bengal, 700013.

  • What is the corporate identification number (CIN) and company number of Raic Integrated Sponge & Power Private Limited?

    The corporate identification number (CIN) of Raic Integrated Sponge & Power Private Limited is U27105WB2003PTC095823 and the company number is 095823 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Raic Integrated Sponge & Power Private Limited?

    The Official website of Raic Integrated Sponge & Power Private Limited is https://www.ultramaxtmt.com

  • What has been the recent revenue trend for Raic Integrated Sponge & Power Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Raic Integrated Sponge & Power Private Limited has risen by 45.26%.

  • How many employees does Raic Integrated Sponge & Power Private Limited currently have?

    As Per 2023 financial reports, 375 employees are currently employed by Raic Integrated Sponge & Power Private Limited.

  • What change has been observed in the net worth of Raic Integrated Sponge & Power Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Raic Integrated Sponge & Power Private Limited has experienced an upsurge of 30.74%.

  • What are the total open charges for Raic Integrated Sponge & Power Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Raic Integrated Sponge & Power Private Limited amount to ₹ 548.91 Cr.

  • When was the last Balance Sheet of Raic Integrated Sponge & Power Private Limited filed with the ROC?

    The most recent Balance Sheet for Raic Integrated Sponge & Power Private Limited was filed with the ROC on 31 Mar 2023.

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