About RECL
RECL is an Industrial Goods & Manufacturing company based in Dholpur (India) founded in 1979, and was acquired by Solar Group in April 2023. Diversified operations are conducted across multiple industries in India. The company has 281 employees. Its Indian entity Rajasthan Explosives And Chemicals Limited reported revenue of ₹197 Cr. Its focus areas include Conglomerates and Traditional Conglomerates.
Company details
RECL was founded in 1979 in Dholpur, India, functioning as a diversified conglomerate. Core activities span various sectors, including industrial and commercial operations. The company is managed by Kuldeep Singh Solanki as director, with oversight provided through established governance structures. Geographic focus remains centered in India, where services and projects are executed across regional markets via reclindia.com.
- Headquarters Dholpur, India
- Employees 281
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website reclindia.com
- Acquired by Solar Group (Apr 2023)
- Legal Name Rajasthan Explosives And Chemicals Limited
- Date of Incorporation 12 Apr, 1979
- Jurisdiction Nagpur, Maharashtra, India
- Annual Revenue₹197 Cr
FY 2024 · +41% YoY
- Net Profit₹10.92 Cr
FY 2024 · 6% margin
- EBITDA₹23.87 Cr
FY 2024 · 12% margin
- Investors
- Employee Count281
- Acquired bySolar Group
(Apr 2023)
Associated legal entities of RECL
RECL operates through Rajasthan Explosives And Chemicals Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Rajasthan Explosives And Chemicals Limited CIN U24292MH1979PLC409419 | Amalgamated | 12 Apr 1979 | Nagpur, Maharashtra | ₹197 Cr | 281 | 8 | View details |
Investors in RECL
RECL has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Solar Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Defense and industrial explosives are manufactured for various sectors. | 1995 | solargroup.com | Nagpur, India |
Investor details for RECL
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Board of directors of Rajasthan Explosives And Chemicals Limited (RECL)
Rajasthan Explosives And Chemicals Limited is the primary company behind RECL. The board of Rajasthan Explosives And Chemicals Limited currently have 7 directors; the longest-serving is Rakesh Sharma, appointed in 2023. 37 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rakesh Sharma DIN 09258366 | Whole-time director | 20 Mar 2023 | 3 yrs 7 mo | Rajasthan Explosives And Chemicals Limited |
| Ashish Kumar Srivastava DIN 10255931 | Director | 16 Dec 2023 | 2 yrs 10 mo | Rajasthan Explosives And Chemicals Limited |
| Sanjay Singh DIN 06641334 | Director | 16 Dec 2023 | 2 yrs 10 mo | Rajasthan Explosives And Chemicals Limited |
| Madhu Vij DIN 00025006 | Director | 16 Dec 2023 | 2 yrs 10 mo | Rajasthan Explosives And Chemicals Limited |
| Dilip Keshavlal Patel DIN 00013150 | Director | 16 Dec 2023 | 2 yrs 10 mo | Rajasthan Explosives And Chemicals Limited |
| Someshwar Lonkaran Mundhada DIN 07112092 | Director | 16 Dec 2023 | 2 yrs 10 mo | Rajasthan Explosives And Chemicals Limited |
| Sanjay Sharadrao Deogaonkar DIN 10442247 | Managing Director | 27 Dec 2023 | 2 yrs 10 mo | Rajasthan Explosives And Chemicals Limited |
People of RECL
1 people are tracked at RECL (1 in leadership); the tracked headcount is 281.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership |
Complete people profiles for RECL
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Financials of RECL
Figures of Rajasthan Explosives And Chemicals Limited, the primary company behind RECL, for FY 2024. Revenue was ₹197 Cr (+41% year on year). Net profit was ₹10.92 Cr (6% margin). EBITDA was ₹23.87 Cr (12% margin). Revenue has grown at a compounded annual rate of +16% over three years and +33% over five years.
- ₹197 CrRevenue · FY 2024 · +41% YoY
- ₹10.92 CrNet profit · 6% margin
- ₹23.87 CrEBITDA · 12% margin
- ₹59.74 CrPaid-up capital
- 281Employees (provident fund records)
- +16%Revenue CAGR, 3 years
- +33%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Rajasthan Explosives And Chemicals Limited are on its company page.
Detailed financial statements for RECL
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Timeline of RECL
2 dated milestones of RECL across 44 years, from founding to its latest funding, stage changes and deals.
- Founded RECL is founded.
- Exit Acquired by Solar Group.
Web traffic of RECL
The website of RECL (reclindia.com) receives about 1.1K visits a month.
- Monthly visits1.1K
▲ 25.1% vs previous month
Top companies in Metals & Minerals
3 companies that operate in the same segment as RECL (Metals & Minerals) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of pipes, plates & coils, and home textile products | 1985 | Mumbai, Maharashtra, India | USD 544.74 M | 6,934 | ||
Chemical and casting products are manufactured, with shipping operations managed. | 1962 | Chennai, Tamil Nadu, India | USD 576.61 M | USD 1.43 B | 180 | |
Diversified operations span automotive, agriculture, and financial services. | 1945 | Mumbai, Maharashtra, India | USD 45.15 M | USD 21.54 B | 78,760 |
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Related news about Recl
Complete news archive for RECL
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Frequently Asked Questions about RECL
RECL was founded in 1979.
RECL is headquartered in Dholpur, India. It is registered at Dholpur, Rajasthan, India.
RECL has 281 employees.
The primary company behind RECL, Rajasthan Explosives And Chemicals Limited, reported revenue of ₹197 Cr for FY 2024, up 41% year on year.
RECL was founded in 1979 in Dholpur, India, functioning as a diversified conglomerate. Core activities span various sectors, including industrial and commercial operations. The company is managed by Kuldeep Singh Solanki as director, with oversight provided through established governance structures. Geographic focus remains centered in India, where services and projects are executed across regional markets via reclindia.com.
RECL has 1 investor. Key investors include Solar Group.
RECL operates through Rajasthan Explosives And Chemicals Limited.
Yes. RECL was acquired by Solar Group in April 2023.
The legal entities of RECL currently have 8 directors, including Ashish Kumar Srivastava, Sanjay Singh, Madhu Vij and others.