Rieco Industries Profile
Key Indicators
- Authorised Capital ₹ 17.00 Cr
- Paid Up Capital ₹ 12.50 Cr
- Company Age 49 Year, 3 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 120.00 Cr
- Satisfied Charges ₹ 101.87 Cr
- Revenue Growth 23.12%
- Profit Growth 281.96%
- Ebitda 211.00%
- Net Worth 41.84%
- Total Assets 72.29%
About Rieco Industries
Rieco Industries Limited (RIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 31 October 1975 and has a history of 49 years and three months. Its registered office is in Pune, Maharashtra, India.
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 17.00 Cr and a paid-up capital of Rs 12.50 Cr.
The company currently has active open charges totaling ₹120.00 Cr. The company has closed loans amounting to ₹101.87 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Rieco Industries Limited India are Medha Gokhale as CFO and Mandar Velankar as Company Secretary. Padmanabhan Subramanian, Pradeep Rathi, Narayandas Rathi, and Four other members serve as directors at the Company.
Company Details
- Location
Pune, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U24118MH1975PLC018631
- Company No.
018631
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
31 Oct 1975
- Date of AGM
01 Aug 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Pune
Industry
What products or services does Rieco Industries Limited offer?
Rieco Industries Limited offers a wide range of products and services, including Pollution Control Devices & Machines, Dust Collector, Food Grains & Nut Processing Machine, Grain Processing Machines, Milling & Grinding Tools, Grinding Machines, Elevators & Escalators, Goods Lift, Pulverizers, Grinding Mill.
Who are the key members and board of directors at Rieco Industries?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vikas Bhatia  | Managing Director | 17-Sep-2014 | Current |
| Medha Gokhale | CFO | 19-Oct-2020 | Current |
| Mandar Velankar | Company Secretary | 10-Aug-2018 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Padmanabhan Subramanian | Director | 30-Jul-2019 | Current |
| Pradeep Rathi | Nominee Director | 29-Sep-2003 | Current |
| Narayandas Rathi | Nominee Director | 30-Sep-2004 | Current |
| Rajesh Rathi | Nominee Director | 30-Jun-2012 | Current |
| Dara Damania | Director | 10-Feb-2015 | Current |
| Mahesh Patil | Whole-Time Director | 30-Jul-2021 | Current |
Financial Performance of Rieco Industries.
Rieco Industries Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 23.12% increase. The company also saw a substantial improvement in profitability, with a 281.96% increase in profit. The company's net worth Soared by an impressive increase of 41.84%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Rieco Industries?
In 2023, Rieco Industries 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)
Prr Finance Pvt LtdPradeep Rathi is a mutual person
Desai Brothers LtdPadmanabhan Subramanian is a mutual person
Finolex Industries LimitedPradeep Rathi is a mutual person
Desai Foods Private LimitedPadmanabhan Subramanian is a mutual person
Sudarshan Chemical Industries LimitedPadmanabhan Subramanian, Pradeep Rathi and 3 more are mutual person
- Sudarshan Csr Foundation
Pradeep Rathi and Rajesh Rathi are mutual person
Charges (Loans)
₹120.00 Cr
₹101.87 Cr
Charges Breakdown by Lending Institutions
- Others : 120.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Mar 2022 | Others | ₹60.00 Cr | Open |
| 03 Mar 2005 | Others | ₹60.00 Cr | Open |
| 06 Jan 2022 | Others | ₹2.69 Cr | Satisfied |
| 30 Mar 2012 | Bank Of Maharashtra | ₹9.00 M | Satisfied |
| 09 Jul 2010 | Bank Of Maharashtra | ₹3.21 Cr | Satisfied |
How Many Employees Work at Rieco Industries?
Rieco Industries has a workforce of 327 employees as of Apr 06, 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 Rieco 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 Rieco 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.
