Rydak Syndicate Limited

Tea processing company with six tea estates in West Bengal and Assam.

1898 | Kolkata, West Bengal (India) | Active
Last Updated: July 17, 2024

Rydak Syndicate Profile

Key Indicators

  • Authorised Capital ₹ 1.20 Cr
  • Paid Up Capital ₹ 9.73 M
  • Company Age 126 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 34.80 Cr
  • Satisfied Charges ₹ 86.78 Cr
  • Revenue Growth -5.70%
  • Profit Growth -50.22%
  • Ebitda -49.31%
  • Net Worth 19.06%
  • Total Assets 4.89%

About Rydak Syndicate

Rydak Syndicate Limited (RSL) was founded in India on 24 February 1898 and has a glorious history of 126 years and 11 months. Its registered office is in Kolkata, West Bengal, India.

The Corporate was formerly known as Rydak Tea Syndicate Ltd. The Company is engaged in the Agriculture 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 1.20 Cr and a paid-up capital of Rs 9.73 M.

The company currently has active open charges totaling ₹34.80 Cr. The company has closed loans amounting to ₹86.78 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Rydak Syndicate Limited India is Aditya Gupta as CFO. Subir Das, Rajvinder Singh, Suparna Chakrabortti, and One other member serve as directors at the Company.

Company Details

  • Location

    Kolkata, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    rydaksyndicate.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L65993WB1900PLC001417

  • Company No.

    001417

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    24 Feb 1898

  • Date of AGM

    28 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Listed

  • ROC Code

    Roc Kolkata

Industry

Agriculture

Who are the key members and board of directors at Rydak Syndicate?

Executive Team (2)

NameDesignationAppointment DateStatus
Rajvinder Singh Country flag representing In Managing Director02-Feb-2018Current
Aditya Gupta Country flag representing In CFO01-Aug-2021Current

Board Members (3)

NameDesignationAppointment DateStatus
Suparna Chakrabortti Country flag representing In Director 31-Mar-2015Current
Subir Das Country flag representing In Director 28-Jan-2016Current
Prabir Bhattacharjee Country flag representing In Director 05-Mar-2021Current

Financial Performance of Rydak Syndicate.

Rydak Syndicate Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 5.7% decrease. The company also saw a substantial fall in profitability, with a 50.22% decrease in profit. The company's net worth Soared by an impressive increase of 19.06%.

Graph illustrating revenue growth over time
Graph showing 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
-5.70%
Revenue from Operations
-4.44%
Total Assets
4.89%
Profit or Loss
-50.22%
Net Worth
19.06%
EBITDA
-49.31%

What is the Ownership and Shareholding Structure of Rydak Syndicate?

In 2023, Rydak Syndicate had a promoter holding of 49.88% and a public holding of 50.12%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹34.80 Cr

Satisfied Charges

₹86.78 Cr

Charges Breakdown by Lending Institutions

  • Others : 22.80 Cr
  • State Bank Of India : 12.00 Cr

Latest Charge Details

DateLenderAmountStatus
09 Sep 2022State Bank Of India₹12.00 CrOpen
31 Jan 2021Others₹0.76 MOpen
30 Aug 2019Others₹4.92 MOpen
20 Dec 2017Others₹22.23 CrOpen
13 Aug 2018Axis Bank Limited₹14.15 CrSatisfied

How Many Employees Work at Rydak Syndicate?

Rydak Syndicate has a workforce of 1173 employees as of Apr 09, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Rydak Syndicate, 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 Rydak Syndicate'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 Rydak Syndicate

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 22.23 Cr registered on 20 Dec 2017 with Charge ID 100162827 was modified on 15 Feb 2024.

    15 Feb 2024

  • Annual General Meeting

    Rydak Syndicate Limited last Annual general meeting of members was held on 28 Sep 2023 as per latest MCA records.

    28 Sep 2023

  • Balance Sheet

    Rydak Syndicate Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kolkata.

    31 Mar 2023

  • Charges

    A charge registered on 13 Aug 2018 via Charge ID 100200344 with Axis Bank Limited was fully satisfied on 10 Mar 2023.

    10 Mar 2023

  • Charges

    A charge with State Bank Of India amounted to Rs. 12.00 Cr with Charge ID 100610334 was registered on 09 Sep 2022.

    09 Sep 2022

  • Director Appointment

    Aditya Gupta was appointed as a Cfo was appointed as a Cfo on 01 Aug 2021 & has been associated with this company since 3 years 6 months .

    01 Aug 2021

Frequently asked questions

  • Rydak Syndicate Limited was incorporated on 24 Feb 1898.

  • The authorized share capital of Rydak Syndicate Limited is ₹ 1.20 Cr and paid-up capital is ₹ 9.73 M.

  • Currently 5 directors are associated with Rydak Syndicate Limited.

    • Subir Das
    • Rajvinder Singh
    • Suparna Chakrabortti
    • Prabir Kumar Bhattacharjee
    • Aditya Gupta
  • As per Ministry of Corporate Affairs (Mca), the registered address of Rydak Syndicate Limited is 4 Dr.Rajendra Prasad Sarani, Kolkata, West Bengal, India, 700001.

  • The corporate identification number (CIN) of Rydak Syndicate Limited is L65993WB1900PLC001417 and the company number is 001417 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Rydak Syndicate Limited is https://www.rydaksyndicate.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Rydak Syndicate Limited has fallen by -5.70%.

  • As Per 2023 financial reports, 1173 employees are currently employed by Rydak Syndicate Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Rydak Syndicate Limited has experienced an upsurge of 19.06%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Rydak Syndicate Limited amount to ₹ 34.80 Cr.

  • The most recent Balance Sheet for Rydak Syndicate Limited was filed with the ROC on 31 Mar 2023.

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