Reitz India Limited

Manufacturer and supplier of industrial fans and accessories, based in Hyderabad, Telangana.

1998 | Medak, Telangana (India) | Active
Last Updated:

Reitz India Profile

Key Indicators

  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 1.68 Cr
  • Company Age 27 Year, 9 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 144.80 Cr
  • Satisfied Charges ₹ 10.85 Cr
  • Revenue Growth 20.25%
  • Profit Growth 108.08%
  • Ebitda 73.64%
  • Net Worth 28.43%
  • Total Assets 12.70%

About Reitz India

Reitz India Limited (RIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 13 May 1998 and has a history of 27 years. Its registered office is in Medak, Telangana, 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.

Company Details

  • Location

    Medak, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • 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

Machinery and Equipment

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.

Company report

Reitz India Limited

Explore comprehensive data for Reitz India Limited, including financials, compliance details, shareholding patterns, and litigation history.

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

Executive Team (1)

NameDesignationAppointment DateStatus
Kotagiri Rao Country flag representing In Managing Director27-May-1998Current

Board Members (10)

NameDesignationAppointment DateStatus
Avinash Kotagiri Country flag representing In Whole-Time Director 31-Oct-2018Current
Munikrishna Papagari Country flag representing In Director 13-May-1998Current
Yashwanth Papagari Country flag representing In Director 31-Oct-2018Current
Amaranatha Kanugonda Country flag representing In Director 18-Dec-2020Current
Ulrich Breder Country flag representing De Director 30-Sep-2000Current
Ushasree Madireddy Country flag representing In Director 28-Mar-2015Current

Financial Performance 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%.

Reitz India revenue growth over time
Reitz India 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
20.25%
Revenue from Operations
19.68%
Total Assets
12.70%
Profit or Loss
108.08%
Net Worth
28.43%
EBITDA
73.64%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹144.80 Cr

Satisfied Charges

₹10.85 Cr

Charges Breakdown by Lending Institutions

  • Standard Chartered Bank : 92.50 Cr
  • Others : 48.25 Cr
  • Uco Bank : 2.61 Cr
  • Hdfc Bank Limited : 1.44 Cr

Latest Charge Details

DateLenderAmountStatus
18 Jul 2024Others₹12.00 CrOpen
31 May 2024Hdfc Bank Limited₹9.70 MOpen
22 Sep 2022Hdfc Bank Limited₹1.20 MOpen
29 May 2021Hdfc Bank Limited₹3.15 MOpen
07 May 2021Hdfc Bank Limited₹0.38 MOpen

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.

Employee growth trends for Reitz India Limited

Deals i

Graph showing company valuation over time

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

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 Reitz India

Recent activity within the organization

  • Annual General Meeting

    Reitz India Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Charges

    A charge with Standard Chartered Bank of Rs. 29.50 Cr registered on 25 Apr 2019 with Charge ID 100266801 was modified on 13 Sep 2024.

  • Charges

    A charge with Others of Rs. 36.25 Cr registered on 17 Apr 2009 with Charge ID 10155035 was modified on 13 Sep 2024.

  • Charges

    A charge with Others amounted to Rs. 12.00 Cr with Charge ID 100960960 was registered on 18 Jul 2024.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.97 Cr with Charge ID 100962454 was registered on 31 May 2024.

  • Balance Sheet

    Reitz India Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.

Frequently asked questions

  • What is the Incorporation or founding date of Reitz India Limited?

    Reitz India Limited was incorporated on 13 May 1998.

  • What is authorized share capital and paid-up capital of Reitz India Limited?

    The authorized share capital of Reitz India Limited is ₹ 2.00 Cr and paid-up capital is ₹ 1.68 Cr.

  • Who are the current board members & directors of Reitz India Limited?

    Currently 11 directors are associated with Reitz India Limited.

    • Munikrishna Papagari
    • Yashwanth Krishna Papagari
    • Amaranatha Reddy Kanugonda
    • Ulrich Breder
    • Kotagiri Prasad Rao
    • Ushasree Madireddy
    • Avinash Kotagiri
    • Heinz Guderian
    • Elmar Gierse
    • Venkata Hari Priya Puskoor
    • Sruti Jalagam

  • What is the registered address of Reitz India Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Reitz India Limited is Sy. 116 117 Pashamylaram Patancheru, India, Hyderabad, Telangana, 502307.

  • What is the corporate identification number (CIN) and company number of Reitz India Limited?

    The corporate identification number (CIN) of Reitz India Limited is U51909TG1998PLC029396 and the company number is 029396 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Reitz India Limited?

    The Official website of Reitz India Limited is https://www.reitzindia.com

  • What has been the recent revenue trend for Reitz India Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Reitz India Limited has risen by 20.25%.

  • How many employees does Reitz India Limited currently have?

    As Per 2023 financial reports, 233 employees are currently employed by Reitz India Limited.

  • What change has been observed in the net worth of Reitz India Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Reitz India Limited has experienced an upsurge of 28.43%.

  • What are the total open charges for Reitz India Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Reitz India Limited amount to ₹ 144.80 Cr.

  • When was the last Balance Sheet of Reitz India Limited filed with the ROC?

    The most recent Balance Sheet for Reitz India Limited was filed with the ROC on 31 Mar 2024.

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