Rave Gears India Limited

Manufactures and trades motor vehicles, trailers, and semi-trailers since 2017 in Mumbai, Maharashtra.

2017 | Mumbai, Maharashtra (India) | Active
Last Updated: July 05, 2024

Rave Gears India Profile

Key Indicators

  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 1.87 Cr
  • Company Age 7 Year, 9 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 2.17 Cr
  • Revenue Growth 489.77%
  • Profit Growth -172.75%
  • Ebitda -179.62%
  • Net Worth 46.16%
  • Total Assets 45.51%

About Rave Gears India

Rave Gears India Limited (RGIL) is a Public Limited Indian Non-Government Company incorporated in India on 15 May 2017 (Seven years and nine months 9 days old ). Its registered office is in Mumbai, Maharashtra, India.

The Company is engaged in the Transport And Logistics 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 2.00 Cr and a paid-up capital of Rs 1.87 Cr.

The company currently has active open charges totaling ₹2.17 Cr.

Nimish Mehta, Dilip Patel, Vishnu Patel, and One other member serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    ravegears.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U34100MH2017PLC294855

  • Company No.

    294855

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    15 May 2017

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Transport and Logistics
Business Outsourcing

Who are the key members and board of directors at Rave Gears India?

Board Members (4)

NameDesignationAppointment DateStatus
Vipin Jain Country flag representing In Director 01-Apr-2022Current
Nimish Mehta Country flag representing In Director 15-May-2017Current
Dilip Patel Country flag representing Us Director 01-Apr-2022Current
Vishnu Patel Country flag representing Us Director 01-Apr-2022Current

Financial Performance of Rave Gears India.

Rave Gears India Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 489.77% increase. The company also saw a substantial fall in profitability, with a 172.75% decrease in profit. The company's net worth Soared by an impressive increase of 46.16%.

Graph illustrating revenue growth over time
Graph showing 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
489.77%
Revenue from Operations
450.00%
Total Assets
45.51%
Profit or Loss
-172.75%
Net Worth
46.16%
EBITDA
-179.62%

What is the Ownership and Shareholding Structure of Rave Gears India?

In 2023, Rave Gears India had a promoter holding of 43.94% and a public holding of 56.07%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹2.17 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 2.17 Cr

Latest Charge Details

DateLenderAmountStatus
30 Jun 2023Axis Bank Limited₹2.17 CrOpen

How Many Employees Work at Rave Gears India?

Unlock and access historical data on people associated with Rave Gears India, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Rave Gears India, 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 Rave Gears India'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 Rave Gears India

Recent activity within the organization

  • Annual General Meeting

    Rave Gears India Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 2.17 Cr with Charge ID 100747473 was registered on 30 Jun 2023.

    30 Jun 2023

  • Balance Sheet

    Rave Gears India Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Director Appointment

    Dilip Punambhai Patel was appointed as a Director was appointed as a Director on 01 Apr 2022 & has been associated with this company since 2 years 10 months .

    01 Apr 2022

  • Director Appointment

    Vishnu P Patel was appointed as a Director was appointed as a Director on 01 Apr 2022 & has been associated with this company since 2 years 10 months .

    01 Apr 2022

  • Director Appointment

    Vipin Naginlal Jain was appointed as a Director was appointed as a Director on 01 Apr 2022 & has been associated with this company since 2 years 10 months .

    01 Apr 2022

Recent News, Updates & Announcement

Frequently asked questions

  • Rave Gears India Limited was incorporated on 15 May 2017.

  • The authorized share capital of Rave Gears India Limited is ₹ 2.00 Cr and paid-up capital is ₹ 1.87 Cr.

  • Currently 4 directors are associated with Rave Gears India Limited.

    • Nimish Shashikant Mehta
    • Dilip Punambhai Patel
    • Vishnu P Patel
    • Vipin Naginlal Jain
  • As per Ministry of Corporate Affairs (Mca), the registered address of Rave Gears India Limited is 7 Floor-Grd Plot-147 7/7A Shree Ram Estate Tokersey Jivraj Road Sewree, Mumbai, Maharashtra, India, 400015.

  • The corporate identification number (CIN) of Rave Gears India Limited is U34100MH2017PLC294855 and the company number is 294855 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Rave Gears India Limited is https://www.ravegears.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Rave Gears India Limited has risen by 489.77%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Rave Gears India Limited has experienced an upsurge of 46.16%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Rave Gears India Limited amount to ₹ 2.17 Cr.

  • The most recent Balance Sheet for Rave Gears India Limited was filed with the ROC on 31 Mar 2023.

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