Rushas Engineering Company Profile
Key Indicators
- Authorised Capital ₹ 8.50 M
- Paid Up Capital ₹ 7.51 M
- Company Age 46 Year, 4 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 14.70 Cr
- Satisfied Charges ₹ 18.84 Cr
- Revenue Growth 50.49%
- Profit Growth 111.69%
- Ebitda 18.49%
- Net Worth 38.30%
- Total Assets 18.92%
About Rushas Engineering Company
Rushas Engineering Company Private Limited (RECPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 11 September 1978 and has a history of 46 years and four months. Its registered office is in Ahmednagar, Maharashtra, India.
The Corporate was formerly known as Rushas Engineering Company Ltd. 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 2023. It's a company limited by shares with an authorized capital of Rs 8.50 M and a paid-up capital of Rs 7.51 M.
The company currently has active open charges totaling ₹14.70 Cr. The company has closed loans amounting to ₹18.84 Cr, as per Ministry of Corporate Affairs (MCA) records.
Vasudha Salvekar, Satish Salvekar, and Girish Salvekar serve as directors at the Company.
Company Details
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Location
Ahmednagar, Maharashtra, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U29199MH1978PTC020628
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Company No.
020628
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
11 Sep 1978
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Date of AGM
29 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Pune
Industry
What products or services does Rushas Engineering Company Private Limited offer?
Rushas Engineering Company Private Limited offers a wide range of products and services, including Industrial Valves & Valve Fittings, Globe Valves, Doors and Windows, Door, Fire Doors, Fire Resistant Doors, Gate & Sluice Valves, Industrial Valves, Industrial Furnaces & Ovens, Furnace Parts.
Who are the key members and board of directors at Rushas Engineering Company?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Satish Salvekar
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Director | 25-Sep-1998 | Current |
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Vasudha Salvekar
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Director | 18-Feb-2002 | Current |
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Girish Salvekar
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Director | 10-Jul-2011 | Current |
Financial Performance of Rushas Engineering Company.
Rushas Engineering Company Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 50.49% increase. The company also saw a substantial improvement in profitability, with a 111.69% increase in profit. The company's net worth Soared by an impressive increase of 38.3%.
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What is the Ownership and Shareholding Structure of Rushas Engineering Company?
In 2023, Rushas Engineering Company had a promoter holding of 73.94% and a public holding of 26.06%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Ahmednagar Auto & Engineering AssociationSatish Salvekar is a mutual person
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Onkar Foundry And Engineering Company Private Limited
Girish Salvekar is a mutual person
Charges (Loans)
₹147.00 M
₹188.45 M
Charges Breakdown by Lending Institutions
- Others : 14.50 Cr
- Hdfc Bank Limited : 0.20 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Dec 2022 | Hdfc Bank Limited | ₹2.00 M | Open |
| 18 Oct 2022 | Others | ₹14.50 Cr | Open |
| 20 Nov 2018 | Others | ₹8.50 M | Satisfied |
| 04 Jul 2013 | Ahmednagar Shahar Sahakari Bank Maryadit | ₹8.50 M | Satisfied |
| 20 Jan 2012 | Small Industries Development Bank Of India | ₹5.00 M | Satisfied |
How Many Employees Work at Rushas Engineering Company?
Unlock and access historical data on people associated with Rushas Engineering Company, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Rushas Engineering Company, 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 Rushas Engineering Company'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
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