Ritspin Synthetics Limited

Manufactures and wholesales cotton yarns as part of Wearit Group.

1994 | Dhar, Madhya Pradesh (India) | Active
Last Updated:

Ritspin Synthetics Profile

Key Indicators

  • Authorised Capital ₹ 60.00 Cr
  • Paid Up Capital ₹ 47.93 Cr
  • Company Age 30 Year, 4 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 593.63 Cr
  • Satisfied Charges ₹ 571.92 Cr

About Ritspin Synthetics

Ritspin Synthetics Limited (RSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 07 December 1994 and has a history of 30 years and four months. Its registered office is in Dhar, Madhya Pradesh, India.

The Corporate was formerly known as Ritspin Syntheticcs Limited. The Company is engaged in the Manufacturing 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 60.00 Cr and a paid-up capital of Rs 47.93 Cr.

The company currently has active open charges totaling ₹593.63 Cr. The company has closed loans amounting to ₹571.92 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Ritspin Synthetics Limited India is Bhagwan Suryawanshi as CFO. Balesh Bagree, Manish Kumar, and Bhagwan Suryawanshi serve as directors at the Company.

Company Details

  • Location

    Dhar, Madhya Pradesh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U17124MP1994PLC008839

  • Company No.

    008839

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    07 Dec 1994

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Gwalior

Industry

Manufacturing
Company report

Ritspin Synthetics Limited

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

Who are the key members and board of directors at Ritspin Synthetics?

Executive Team (1)

NameDesignationAppointment DateStatus
Bhagwan Suryawanshi CFO01-Jun-2020Current

Board Members (3)

NameDesignationAppointment DateStatus
Balesh Bagree Country flag representing In Director 02-May-2013Current
Manish Kumar Country flag representing In Director 07-Dec-1994Current
Bhagwan Suryawanshi Country flag representing In Director and Cfo 01-Jun-2020Current

Financial Performance of Ritspin Synthetics.

Ritspin Synthetics Limited, for the financial year ended 2022, experienced no change in revenue, with a 0% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth witnessed no change by increase of 0%.

Ritspin Synthetics revenue growth over time
Ritspin Synthetics 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
Revenue from Operations
Total Assets
Profit or Loss
Net Worth
EBITDA

What is the Ownership and Shareholding Structure of Ritspin Synthetics?

In 2023, Ritspin Synthetics had a promoter holding of 90.76% and a public holding of 9.24%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹593.63 Cr

Satisfied Charges

₹571.92 Cr

Charges Breakdown by Lending Institutions

  • Others : 539.00 Cr
  • Wearit Global Limited : 47.48 Cr
  • Allahabad Bank Kolkata Main Branch : 7.15 Cr

Latest Charge Details

DateLenderAmountStatus
21 Aug 2017Others₹221.19 CrOpen
05 Oct 2015Allahabad Bank Kolkata Main Branch₹7.15 CrOpen
24 Jun 2014Others₹317.81 CrOpen
25 Feb 2002Wearit Global Limited₹29.48 CrOpen
24 Apr 1996Wearit Global Limited₹8.00 CrOpen

How Many Employees Work at Ritspin Synthetics?

Ritspin Synthetics has a workforce of 656 employees as of Nov 19, 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 Ritspin Synthetics Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Ritspin Synthetics, 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 Ritspin Synthetics'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 Ritspin Synthetics

Recent activity within the organization

  • Annual General Meeting

    Ritspin Synthetics Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Ritspin Synthetics Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Gwalior.

  • Director Appointment

    Bhagwan Singh Suryawanshi was appointed as a Director was appointed as a Director on 01 Jun 2020 & has been associated with this company since 4 years 10 months .

  • Director Appointment

    Bhagwan Singh Suryawanshi was appointed as a Cfo was appointed as a Cfo on 01 Jun 2020 & has been associated with this company since 4 years 10 months .

  • Charges

    A charge with Others amounted to Rs. 221.19 Cr with Charge ID 100122865 was registered on 21 Aug 2017.

  • Charges

    A charge registered on 11 Feb 2015 via Charge ID 10558686 with Dena Bank was fully satisfied on 26 Dec 2016.

Frequently asked questions

  • What is the Incorporation or founding date of Ritspin Synthetics Limited?

    Ritspin Synthetics Limited was incorporated on 07 Dec 1994.

  • What is authorized share capital and paid-up capital of Ritspin Synthetics Limited?

    The authorized share capital of Ritspin Synthetics Limited is ₹ 60.00 Cr and paid-up capital is ₹ 47.93 Cr.

  • Who are the current board members & directors of Ritspin Synthetics Limited?

    Currently 4 directors are associated with Ritspin Synthetics Limited.

    • Balesh Kumar Bagree
    • Manish Kumar
    • Bhagwan Singh Suryawanshi
    • Bhagwan Singh Suryawanshi

  • What is the registered address of Ritspin Synthetics Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Ritspin Synthetics Limited is Plot No- 2 Kheda Industrialgrowth Centre India, Dhar, Madhya Pradesh, 454774.

  • What is the corporate identification number (CIN) and company number of Ritspin Synthetics Limited?

    The corporate identification number (CIN) of Ritspin Synthetics Limited is U17124MP1994PLC008839 and the company number is 008839 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Ritspin Synthetics Limited?

    The Official website of Ritspin Synthetics Limited is https://www.wearitgroup.com

  • How many employees does Ritspin Synthetics Limited currently have?

    As Per 2022 financial reports, 656 employees are currently employed by Ritspin Synthetics Limited.

  • What are the total open charges for Ritspin Synthetics Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Ritspin Synthetics Limited amount to ₹ 593.63 Cr.

  • When was the last Balance Sheet of Ritspin Synthetics Limited filed with the ROC?

    The most recent Balance Sheet for Ritspin Synthetics Limited was filed with the ROC on 31 Mar 2023.

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