Reitz India Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
as on 16-11-2024
- Paid Up Capital ₹ 1.68 Cr
as on 16-11-2024
- Company Age 26 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 144.80 Cr
as on 16-11-2024
- Satisfied Charges ₹ 10.85 Cr
as on 16-11-2024
- Revenue 20.25%
(FY 2023)
- Profit 108.08%
(FY 2023)
- Ebitda 73.64%
(FY 2023)
- Net Worth 28.43%
(FY 2023)
- Total Assets 12.70%
(FY 2023)
About Reitz India
The Corporate was formerly known as Reitz Turbovent Limited. The Company is engaged in the Machinery And Equipment 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 2.00 Cr and a paid-up capital of Rs 1.68 Cr.
The company currently has active open charges totaling ₹144.80 Cr. The company has closed loans amounting to ₹10.85 Cr, as per Ministry of Corporate Affairs (MCA) records.
Munikrishna Papagari, Yashwanth Papagari, Amaranatha Kanugonda, and Eight other members serve as directors at the Company.
- CIN/LLPIN
U51909TG1998PLC029396
- Company No.
029396
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
13 May 1998
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Company Details
- Location
Medak, Telangana, India
- Telephone
- Email Address
- Website
- Social Media
What products or services does Reitz India Limited offer?
Reitz India Limited offers a wide range of products and services, including Industrial Coolers, Blowers & Fans, Axial Fans, Centrifugal Blowers, Multistage Centrifugal Blowers.
Who are the key members and board of directors at Reitz India?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Kotagiri Rao  | Managing Director | 27-May-1998 | Current |
Board Members(10)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Avinash Kotagiri | Whole-Time Director | 31-Oct-2018 | Current |
| Munikrishna Papagari | Director | 13-May-1998 | Current |
| Yashwanth Papagari | Director | 31-Oct-2018 | Current |
| Amaranatha Kanugonda | Director | 18-Dec-2020 | Current |
Ulrich Breder  | Director | 30-Sep-2000 | Current |
| Ushasree Madireddy | Director | 28-Mar-2015 | Current |
Financial Performance and Corporate Structure Insights of Reitz India.
Reitz India Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 20.25% increase. The company also saw a substantial improvement in profitability, with a 108.08% increase in profit. The company's net worth Soared by an impressive increase of 28.43%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Reitz India?
In 2022, Reitz India had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Turbovent Industries Private LimitedActive 32 years 2 monthsYashwanth Papagari and Amaranatha Kanugonda are mutual person
Parasakti Cement Industries LimitedActive 31 years 7 monthsMunikrishna Papagari and Yashwanth Papagari are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 18 Jul 2024 | ₹12.00 Cr | Open |
Hdfc Bank Limited Creation Date: 31 May 2024 | ₹9.70 M | Open |
Hdfc Bank Limited Creation Date: 22 Sep 2022 | ₹1.20 M | Open |
How Many Employees Work at Reitz India?
Reitz India has a workforce of 233 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 Reitz 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 Reitz India'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.
