Rieco Industries Limited

Designs and provides equipment and systems for various industries, with turnkey capabilities and ISO certification.

1975 | Pune, Maharashtra (India) | Active
Last Updated:

Rieco Industries Profile

Key Indicators

  • Authorised Capital ₹ 17.00 Cr
  • Paid Up Capital ₹ 12.50 Cr
  • Company Age 49 Year, 4 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 four 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

    rieco.com

  • 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

Machinery and Equipment

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)

NameDesignationAppointment DateStatus
Vikas Bhatia Country flag representing In Managing Director17-Sep-2014Current
Medha Gokhale CFO19-Oct-2020Current
Mandar Velankar Company Secretary10-Aug-2018Current

Board Members (6)

NameDesignationAppointment DateStatus
Padmanabhan Subramanian Country flag representing In Director 30-Jul-2019Current
Pradeep Rathi Country flag representing In Nominee Director 29-Sep-2003Current
Narayandas Rathi Country flag representing In Nominee Director 30-Sep-2004Current
Rajesh Rathi Country flag representing In Nominee Director 30-Jun-2012Current
Dara Damania Country flag representing In Director 10-Feb-2015Current
Mahesh Patil Country flag representing In Whole-Time Director 30-Jul-2021Current

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%.

Rieco Industries revenue growth over time
Rieco Industries 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
23.12%
Revenue from Operations
23.17%
Total Assets
72.29%
Profit or Loss
281.96%
Net Worth
41.84%
EBITDA
211.00%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹120.00 Cr

Satisfied Charges

₹101.87 Cr

Charges Breakdown by Lending Institutions

  • Others : 120.00 Cr

Latest Charge Details

DateLenderAmountStatus
30 Mar 2022Others₹60.00 CrOpen
03 Mar 2005Others₹60.00 CrOpen
06 Jan 2022Others₹2.69 CrSatisfied
30 Mar 2012Bank Of Maharashtra₹9.00 MSatisfied
09 Jul 2010Bank Of Maharashtra₹3.21 CrSatisfied

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.

Employee growth trends for Rieco Industries Limited

Deals i

Graph showing company valuation over time

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

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 Rieco Industries

Recent activity within the organization

  • Annual General Meeting

    Rieco Industries Limited last Annual general meeting of members was held on 01 Aug 2024 as per latest MCA records.

  • Balance Sheet

    Rieco Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.

  • Charges

    A charge registered on 06 Jan 2022 via Charge ID 100551590 with Others was fully satisfied on 11 May 2022.

  • Charges

    A charge with Others amounted to Rs. 60.00 Cr with Charge ID 100564365 was registered on 30 Mar 2022.

  • Charges

    A charge with Others of Rs. 60.00 Cr registered on 03 Mar 2005 with Charge ID 90087173 was modified on 23 Feb 2022.

  • Charges

    A charge with Others amounted to Rs. 2.69 Cr with Charge ID 100551590 was registered on 06 Jan 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Rieco Industries Limited?

    Rieco Industries Limited was incorporated on 31 Oct 1975.

  • What is authorized share capital and paid-up capital of Rieco Industries Limited?

    The authorized share capital of Rieco Industries Limited is ₹ 17.00 Cr and paid-up capital is ₹ 12.50 Cr.

  • Who are the current board members & directors of Rieco Industries Limited?

    Currently 9 directors are associated with Rieco Industries Limited.

    • Padmanabhan Subramanian
    • Pradeep Ramwilas Rathi
    • Narayandas Jagannath Rathi
    • Rajesh Balkrishna Rathi
    • Dara Nadirshaw Damania
    • Medha Amogh Gokhale
    • Mandar Meenanath Velankar
    • Vikas Rameshlal Bhatia
    • Mahesh Prabhakar Patil

  • What is the registered address of Rieco Industries Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Rieco Industries Limited is 1162/2 Shivajinagarbehind Obseavatory India, Pune, Maharashtra, 411005.

  • What is the corporate identification number (CIN) and company number of Rieco Industries Limited?

    The corporate identification number (CIN) of Rieco Industries Limited is U24118MH1975PLC018631 and the company number is 018631 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Rieco Industries Limited?

    The Official website of Rieco Industries Limited is https://www.rieco.com

  • What has been the recent revenue trend for Rieco Industries Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Rieco Industries Limited has risen by 23.12%.

  • How many employees does Rieco Industries Limited currently have?

    As Per 2023 financial reports, 327 employees are currently employed by Rieco Industries Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Rieco Industries Limited has experienced an upsurge of 41.84%.

  • What are the total open charges for Rieco Industries Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Rieco Industries Limited amount to ₹ 120.00 Cr.

  • When was the last Balance Sheet of Rieco Industries Limited filed with the ROC?

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

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