Rec Profile
Key Indicators
- Authorised Capital ₹ 5,000.00 Cr
as on 24-10-2024
- Paid Up Capital ₹ 2,633.22 Cr
as on 24-10-2024
- Company Age 55 Year, 4 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 80,899.58 Cr
as on 24-10-2024
- Satisfied Charges ₹ 122,633.49 Cr
as on 24-10-2024
- Revenue 20.28%
(FY 2024)
- Profit 26.82%
(FY 2024)
- Ebitda 23.72%
(FY 2024)
- Net Worth 19.25%
(FY 2024)
- Total Assets 17.76%
(FY 2024)
About Rec
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 532955 and on the National Stock Exchange(NSE) under RECLTD.
The Corporate was formerly known as Rural Electrification Corporation 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 2024. It's a company limited by shares with an authorized capital of Rs 5,000.00 Cr and a paid-up capital of Rs 2,633.22 Cr.
The company currently has active open charges totaling ₹80,899.58 Cr. The company has closed loans amounting to ₹122,633.49 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Rec Limited India are Jyoti Amitabh as COMPANY SECRETARY and Harsh Baweja as Cfo. Vivek Dewangan, Gambheer Singh, Vijay Singh, and Six other members serve as directors at the Company.
Industry
Company Details
- Location
Delhi, India
- Telephone
- Email Address
- Website
- Social Media
Who are the key members and board of directors at Rec?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vivek Dewangan  | Managing Director | 17-May-2022 | Current |
| Jyoti Amitabh | Company Secretary | 03-Sep-2012 | Current |
| Harsh Baweja | CFO | 11-Jun-2024 | Current |
Board Members(8)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Vijay Singh | Whole-Time Director | 15-Jul-2022 | Current |
| Gambheer Singh | Director | 15-Nov-2021 | Current |
| Manoj Sharma | Nominee Director | 11-Jul-2023 | Current |
| Shashank Misra | Nominee Director | 21-Aug-2023 | Current |
| Manoj Pande | Director | 15-Nov-2021 | Current |
| Durgesh Nandini | Director | 30-Dec-2021 | Current |
Financial Performance and Corporate Structure Insights of Rec.
Rec Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 20.28% increase. The company also saw a substantial improvement in profitability, with a 26.82% increase in profit. The company's net worth Soared by an impressive increase of 19.25%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Rec?
In 2024, Rec had a promoter holding of 52.63% and a public holding of 47.36%. The company had 24 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Rec Power Development And Consultancy LimitedActive 17 years 5 monthsVivek Dewangan, Vijay Singh and 1 more are mutual person
Maharashtra State Electricity Distribution Company LimitedActive 19 years 6 monthsVijay Singh is a mutual person
Power Finance Corporation LimitedActive 38 years 5 monthsManoj Sharma and Shashank Misra are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Sbicap Trustee Company Limited Creation Date: 06 May 2024 | ₹15,000.00 Cr | Open |
Sbicap Trustee Company Limited Creation Date: 01 May 2023 | ₹13,000.00 Cr | Open |
Sbicap Trustee Company Limited Creation Date: 27 Apr 2022 | ₹14,000.00 Cr | Open |
How Many Employees Work at Rec?
Unlock and access historical data on people associated with Rec, 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 Rec, 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 Rec'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.
