Rolex Rings Profile
Key Indicators
- Authorised Capital ₹ 56.00 Cr
- Paid Up Capital ₹ 27.23 Cr
- Company Age 22 Year, 10 Days
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 1,872.66 Cr
- Satisfied Charges ₹ 30.00 Cr
- Revenue Growth 16.55%
- Profit Growth 50.21%
- Ebitda 13.89%
- Net Worth 36.38%
- Total Assets 2.83%
About Rolex Rings
Rolex Rings Limited (RRL) is a leading Public Limited Indian Non-Government Company incorporated in India on 13 February 2003 and has a history of 22 years. Its registered office is in Rajkot, Gujarat, India.
The Corporate was formerly known as Rolex Rings Private 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 56.00 Cr and a paid-up capital of Rs 27.23 Cr.
The company currently has active open charges totaling ₹1,872.66 Cr. The company has closed loans amounting to ₹30.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Rolex Rings Limited India are Hiren Doshi as CFO and Hardik Gandhi as Company Secretary. Pravinchandra Dholakia, Manesh Madeka, Bhoutik Madeka, and Three other members serve as directors at the Company.
Company Details
- Location
Rajkot, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
L28910GJ2003PLC041991
- Company No.
041991
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
13 Feb 2003
- Date of AGM
05 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Ahmedabad
Industry
What products or services does Rolex Rings Limited offer?
Rolex Rings Limited offers a wide range of products and services, including Forgings, Forging Parts & Supplies, Forged Components, Rolled Rings, Steel & Stainless Steel Products, Steel Products, Heater, Thermostat & Heating Devices, Industrial Heaters, Repair & Maintenance Services, Machinery Repairs, Heat Treating Services.
Who are the key members and board of directors at Rolex Rings?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Manesh Madeka  | Managing Director | 13-Feb-2003 | Current |
| Hiren Doshi | CFO | 12-Mar-2021 | Current |
| Hardik Gandhi | Company Secretary | 12-Jun-2015 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Pravinchandra Dholakia | Director | 12-Mar-2021 | Current |
| Bhoutik Madeka | Whole-Time Director | 13-Feb-2003 | Current |
| Mihir Madeka | Whole-Time Director | 13-Feb-2003 | Current |
| Jignasa Mehta | Director | 12-Mar-2021 | Current |
| Ashit Vankani | Director | 12-Mar-2021 | Current |
Financial Performance of Rolex Rings.
Rolex Rings Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 16.55% increase. The company also saw a substantial improvement in profitability, with a 50.21% increase in profit. The company's net worth Soared by an impressive increase of 36.38%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Rolex Rings?
In 2022, Rolex Rings had a promoter holding of 57.64% and a public holding of 42.35%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Jyoti Cnc Automation LimitedPravinchandra Dholakia and Jignasa Mehta are mutual person
Rolex Properties Private LimitedManesh Madeka and Mihir Madeka are mutual person
Madeka Properties Private LimitedManesh Madeka and Mihir Madeka are mutual person
Charges (Loans)
₹1,872.66 Cr
₹30.00 Cr
Charges Breakdown by Lending Institutions
- Others : 898.22 Cr
- Corporation Bank : 514.75 Cr
- Oriental Bank Of Commerce : 186.06 Cr
- Union Bank Of India : 110.42 Cr
- Bank Of Baroda : 60.00 Cr
- Others : 103.21 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Dec 2016 | Others | ₹11.20 Cr | Open |
| 29 Oct 2016 | Bank Of India | ₹1.83 Cr | Open |
| 24 Sep 2015 | Oriental Bank Of Commerce | ₹5.00 Cr | Open |
| 14 Oct 2013 | Idbi Bank Limited | ₹32.96 Cr | Open |
| 19 Mar 2012 | Bank Of Baroda | ₹5.00 Cr | Open |
How Many Employees Work at Rolex Rings?
Rolex Rings has a workforce of 1879 employees as of Apr 07, 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 Rolex Rings, 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 Rolex Rings'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.
