Reep Industries Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 1.00 Cr
- Company Age 28 Year, 1 Month
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 149.28 Cr
- Satisfied Charges ₹ 2.00 M
- Revenue Growth 0.55%
- Profit Growth -63.51%
- Ebitda -12.60%
- Net Worth 1.03%
- Total Assets 44.56%
About Reep Industries
Reep Industries Private Limited (RIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 31 January 1997 and has a history of 28 years and one month. Its registered office is in Kanchipuram Dist, Tamil Nadu, India.
The Corporate was formerly known as Delta Switchgears Private Limited. The Company is engaged in the Automotive 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 1.00 Cr and a paid-up capital of Rs 1.00 Cr.
The company currently has active open charges totaling ₹149.28 Cr. The company has closed loans amounting to ₹2.00 M, as per Ministry of Corporate Affairs (MCA) records.
Medabalimi Showreelu, Chandra Priya, Srinivasa Uppuluri, and Two other members serve as directors at the Company.
Company Details
- Location
Kanchipuram Dist, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U32201TN1997PTC037428
- Company No.
037428
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
31 Jan 1997
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Automotive
Energy and Power
What products or services does Reep Industries Private Limited offer?
Reep Industries Private Limited offers a wide range of products and services, including E Vehicles, Electric Three Wheeler, Parts and Kits.
Who are the key members and board of directors at Reep Industries?
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rajesh Durairaj  | Additional Director | 05-Sep-2016 | Current |
| Medabalimi Showreelu | Whole-Time Director | 31-Jan-2007 | Current |
| Chandra Priya | Whole-Time Director | 05-Sep-2016 | Current |
| Srinivasa Uppuluri | Whole-Time Director | 22-Aug-2023 | Current |
| Durairaj Xavier | Whole-Time Director | 31-Jan-1997 | Current |
Financial Performance of Reep Industries.
Reep Industries Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 0.55% increase. The company also saw a substantial fall in profitability, with a 63.51% decrease in profit. The company's net worth moved up by a moderate rise of 1.03%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Reep Industries?
In 2023, Reep Industries had a promoter holding of 93.51% and a public holding of 6.49%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Powergear LimitedSrinivasa Uppuluri, Rajesh Durairaj and 1 more are mutual person
Gilt Sterling Private LimitedMedabalimi Showreelu and Durairaj Xavier are mutual person
- Hercules Logistics Private Limited
Medabalimi Showreelu, Rajesh Durairaj and 1 more are mutual person
- Powergear Sustainability Private Limited
Srinivasa Uppuluri, Rajesh Durairaj and 1 more are mutual person
- Nireta Brands Llp
Rajesh Durairaj and Durairaj Xavier are mutual person
- Lei Powergear Private Limited
Rajesh Durairaj and Durairaj Xavier are mutual person
Charges (Loans)
Open Charges
₹149.28 Cr
Satisfied Charges
₹0.20 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 79.64 Cr
- Canara Bank : 69.64 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Mar 2023 | Canara Bank | ₹2.90 M | Open |
| 14 Feb 2022 | State Bank Of India | ₹79.64 Cr | Open |
| 27 Apr 1994 | Canara Bank | ₹69.35 Cr | Open |
| 31 May 2016 | Canara Bank | ₹2.00 M | Satisfied |
How Many Employees Work at Reep Industries?
Reep Industries has a workforce of 42 employees as of Apr 05, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Reep Industries, 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 Reep Industries'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.
Latest Updates, News, and FAQs on Reep Industries
Recent activity within the organization
- Annual General Meeting
Reep Industries Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Director Appointment
Srinivasa Venu Uppuluri was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 22 Aug 2023 & has been associated with this company since 1 year 6 months .
- Balance Sheet
Reep Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.
- Charges
A charge with Canara Bank amounted to Rs. 0.29 Cr with Charge ID 100706037 was registered on 29 Mar 2023.
- Charges
A charge with Canara Bank of Rs. 69.35 Cr registered on 27 Apr 1994 with Charge ID 90286846 was modified on 13 Dec 2022.
- Charges
A charge with State Bank Of India amounted to Rs. 79.64 Cr with Charge ID 100546394 was registered on 14 Feb 2022.
Frequently asked questions
What is the Incorporation or founding date of Reep Industries Private Limited?
Reep Industries Private Limited was incorporated on 31 Jan 1997.
What is authorized share capital and paid-up capital of Reep Industries Private Limited?
The authorized share capital of Reep Industries Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 1.00 Cr.
Who are the current board members & directors of Reep Industries Private Limited?
Currently 5 directors are associated with Reep Industries Private Limited.
- Medabalimi Showreelu Medabalimi Showreelu
- Chandra Priya
- Srinivasa Venu Uppuluri
- Rajesh Xavier Durairaj
- Durairaj Xavier
What is the registered address of Reep Industries Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Reep Industries Private Limited is A1F4 Industrial EstateMaraimalai Nagar 603209 Kanchipuram Dist, Tamil Nadu, India.
What is the corporate identification number (CIN) and company number of Reep Industries Private Limited?
The corporate identification number (CIN) of Reep Industries Private Limited is U32201TN1997PTC037428 and the company number is 037428 as per Ministry of Corporate Affairs (MCA).
What is the official website of Reep Industries Private Limited?
The Official website of Reep Industries Private Limited is https://www.reepmotors.com
What has been the recent revenue trend for Reep Industries Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Reep Industries Private Limited has risen by 0.55%.
How many employees does Reep Industries Private Limited currently have?
As Per 2023 financial reports, 42 employees are currently employed by Reep Industries Private Limited.
What change has been observed in the net worth of Reep Industries Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Reep Industries Private Limited has experienced an upsurge of 1.03%.
What are the total open charges for Reep Industries Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Reep Industries Private Limited amount to ₹ 149.28 Cr.
When was the last Balance Sheet of Reep Industries Private Limited filed with the ROC?
The most recent Balance Sheet for Reep Industries Private Limited was filed with the ROC on 31 Mar 2023.