About Ricron Panels
Ricron Panels is a company based in Ankleshwar (India) founded in 2013 by Radhika Chaudhary. Ricron Panels has raised $1.67 million across 2 funding rounds from investors including Boon, Veromint and Circulate Capital. The company has 41 employees. Ricron Panels offers products and services including Eco Panels, Eco-Roof Sheets, and Plain Panels. Ricron Panels operates in a competitive market with competitors including ECOR Global, Enerdrape, ZS2 Technologies, RECOMA and Continuus Material Recovery, among others.
- Headquarter Ankleshwar, India
- Employees 41
- Founders Radhika Chaudhary
- Stage Minicorn
- SectorsReal Estate & ConstructionEnvironment
- Email••••••••
- Phone•••• ••••
- Website ricron.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Ricron Panels Private Limited
- Date of Incorporation 03 Jun, 2009
- Jurisdiction Jalgaon, Maharashtra, India
- Annual Revenue₹7.02 Cr
FY 2025 · +2% YoY
- Net Loss-₹4.34 Cr
FY 2025 · -62% margin
- EBITDA-₹3.42 Cr
FY 2025 · -49% margin
- Total Equity Funding$1.67M (USD)
in 2 rounds
- Latest Funding Round$659.67K (USD), Series A
May 2024
- InvestorsBoon
& 8 more
- Employee Count41
Associated legal entities of Ricron Panels
Ricron Panels operates through Ricron Panels Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ricron Panels Private Limited CIN U20211MH2009PTC192982 | Active | 03 Jun 2009 | Jalgaon, Maharashtra | ₹7.0 Cr | 41 | 3 | View details |
Products & Services of Ricron Panels
Ricron Panels offers a comprehensive portfolio of products and services, including Eco Panels, Eco-Roof Sheets, and Plain Panels.
Panels made from recycled plastic for industrial applications.
Sheets from recycled plastic for roofing and construction.
Cost-effective substitute for plywood using recycled materials.
Apps and channels of Ricron Panels
its YouTube channel Ricron Panels has 66 subscribers.
Funding Insights of Ricron Panels
Ricron Panels has successfully raised a total of $1.67M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $659.67 thousand completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.67M
- Total Rounds 2
- Last Round Series A — $659,665
- First Round $1.01M
(Dec 2020)
- Investors Count 9
All 2 funding rounds of Ricron Panels with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2024 | $659,665 | Series A | $3.91M | Boon | |
| Dec 2020 | $1.01M | Seed | $3M | Circulate Capital | – |
| Date | Valuation | Stage |
|---|---|---|
| May 2024 | $3.91M | •••••••• |
| Dec 2020 | $3M | •••••••• |
Last known valuation $3.91M (May 2024). 9 investors in total: 3 institutional and 6 angel.
Investors in Ricron Panels
Ricron Panels has secured backing from 9 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Boon, Veromint and Circulate Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment management focused on circular economy and plastic supply chains in high-growth markets. | 2017 | circulatecapital.com | - | |
Boon is engaged in water purification and AI-driven water technology solutions. | 2015 | helloboon.com | Gurugram, India | |
Investment banking and advisory services for early and growth stage ventures. | 2022 | veromintadvisors.com | Mumbai, India | |
VS Venkatesh Srinivasan | - | – | unknown_f9dce432be9048a8b | - |
KR Kaushik Rajan | Angel investor and entrepreneur, focused on tech startups in India. | – | unknown_44622dfc7abd489ba | - |
HM Harsh Mohunta | - | – | unknown_12c04b5f141c415db | - |
DB Dinesh Babbar | - | – | unknown_909cf37c613a4cec9 | - |
RS Renuka Sharma | - | – | unknown_7f0e6a22d3a949e7a | - |
DB Dinesh Babbar | - | – | unknown_985e0ae9ef5e4c719 | - |
Investor details for Ricron Panels
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Ricron Panels Private Limited (Ricron Panels)
Ricron Panels Private Limited is the primary company behind Ricron Panels. The board of Ricron Panels Private Limited currently have 3 directors; the longest-serving is Sharda Subhash Chaudhari, appointed in 2014. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sharda Subhash Chaudhari DIN 02618263 | Director | 30 Sep 2014 | 12 yrs | Ricron Panels Private Limited |
| Rahul Chaudhary DIN 06571134 | Director | 11 Jul 2019 | 7 yrs 2 mo | Ricron Panels Private Limited |
| Radhika Subhash Chaudhary DIN 06633690 | Director | 17 May 2024 | 2 yrs 4 mo | Ricron Panels Private Limited |
People of Ricron Panels
2 people are tracked at Ricron Panels (2 in leadership); the tracked headcount is 41.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Director & CFO | Leadership | |
| Chief Executive Officer & Co-Founder | Leadership |
Complete people profiles for Ricron Panels
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Ricron Panels
Figures of Ricron Panels Private Limited, the primary company behind Ricron Panels, for FY 2025. Revenue was ₹7.02 Cr (+2% year on year). Net loss was -₹4.34 Cr (-62% margin). EBITDA was -₹3.42 Cr (-49% margin). Revenue has grown at a compounded annual rate of -4% over three years and +6% over five years.
- ₹7.02 CrRevenue · FY 2025 · +2% YoY
- -₹4.34 CrNet loss · -62% margin
- -₹3.42 CrEBITDA · -49% margin
- ₹0.19 CrPaid-up capital
- 41Employees (provident fund records)
- -4%Revenue CAGR, 3 years
- +6%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ricron Panels Private Limited are on its company page.
Detailed financial statements for Ricron Panels
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Ricron Panels
4 dated milestones of Ricron Panels across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Ricron Panels is founded.
- Funding First funding round of $1.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $660K.
Competitors of Ricron Panels
Ricron Panels operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ECOR Global, Enerdrape, ZS2 Technologies, RECOMA and Continuus Material Recovery, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ecorglobal.com | 2006 | San Diego, United States | $20.23M | – | Sustainable building materials are developed from recycled cellulose fibers. | |
| enerdrape.com | 2019 | Lausanne, Switzerland | $2.22M | – | Geothermal panel technology is developed for renewable heating and cooling. | |
| zs2technologies.com | 2020 | Calgary, Canada | $1.38M | 49 | Low-carbon building materials and prefabricated panels are manufactured. | |
| recoma.com | 2021 | Hassleholm, Sweden | $3.05M | – | Sustainable construction boards from recycled materials are provided. | |
| continuusmaterials.com | 2014 | Kingwood, United States | $2M | – | Provider of paper and plastic recycling services | |
| angirusind.com | 2020 | Udaipur, India | $165,234 | 72 | Bricks are manufactured from recycled waste materials in India. | |
| carboncraftdesign.com | 2016 | Bengaluru, India | $149,238 | – | Manufacturer of construction building materials | |
| plaex.ca | 2020 | Hampstead Parish, Canada | $1M | – | Mortarless interlocking building systems are manufactured for construction applications. | |
| honextmaterial.com | 2011 | Barcelona, Spain | – | – | Manufacturer of non-toxic, recyclable fibreboard, and other building materials |
Detailed competitors of Ricron Panels
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of Ricron Panels
The website of Ricron Panels (ricron.com) receives about 1.8K visits a month.
- Monthly visits1.8K
▲ 83.2% vs previous month
Latest news on Ricron Panels
Complete news archive for Ricron Panels
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Ricron Panels
10 companies that operate in the same segment as Ricron Panels (Construction & Building Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Multi-category products are supplied via a B2B marketplace platform. | 2015 | Singapore, Singapore | USD 470.85 M | USD 642.28 M | 1,331 | |
SaaS project management software is provided for construction professionals. | 2003 | Carpinteria, California, United States | USD 405.2 M | USD 1.32 B | 4,200 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | – | USD 3.59 B | 12,100 | |
Digital procurement and supply solutions for construction materials are facilitated. | 2016 | Thane, Maharashtra, India | USD 763.1 M | USD 1.43 B | 1,710 | |
Provider of cloud and AI-based virtual tour solutions for construction professionals | 2011 | Sunnyvale, California, United States | USD 163.18 M | – | – | |
Hover is recognized for providing construction and renovation software solutions. | 2011 | San Francisco, California, United States | USD 142.3 M | – | – | |
Cloud-based CRM and project management software for contractors is provided. | 2011 | American Fork, Utah, United States | USD 383 M | – | – | |
Cloud-based AR-enabled photo collaboration for field services is provided. | 2015 | Lincoln, Nebraska, United States | USD 36.25 M | – | – | |
AI and app-based smart windows are provided for buildings. | 2007 | Milpitas, California, United States | USD 3.71 B | – | – | |
Provider of management solutions for the construction sector | 1963 | Munchen, Bayern, Germany | – | USD 1.4 B | – |
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Frequently Asked Questions about Ricron Panels
Ricron Panels was founded in 2013 and raised its 1st funding round 7 years after it was founded.
Ricron Panels is headquartered in Ankleshwar, India. It is registered at Ankleshwar, Gujarat, India.
Ricron Panels is a funded company, having raised a total of $1.67M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.01M, raised on Dec 2020.
Ricron Panels has 41 employees.
The primary company behind Ricron Panels, Ricron Panels Private Limited, reported revenue of ₹7.02 Cr for FY 2025, up 2% year on year.
Ricron Panels was founded in 2013 in Ankleshwar, India, within the construction materials sector. Brick pallets, regenerated plastic sheets, and regenerated plastic sheet pallets are produced as part of its portfolio. Orders for these materials are facilitated through provision of location, user details, and related information, supporting building and infrastructure needs in the region.
Ricron Panels's top competitors include ECOR Global, ZS2 Technologies and RECOMA.
Ricron Panels offers Eco Panels, Eco-Roof Sheets, and Plain Panels.
Ricron Panels has 9 investors. Key investors include Boon, Veromint, Circulate Capital, Venkatesh Srinivasan, and Kaushik Rajan.
The valuation of Ricron Panels is $3.91M as of May 2024.
Ricron Panels operates through Ricron Panels Private Limited.
The legal entities of Ricron Panels currently have 3 directors, including Rahul Chaudhary, Sharda Subhash Chaudhari, Radhika Subhash Chaudhary.