About RIICO
RIICO is a Financial Services company based in India. Industrial development and investment facilitation in Rajasthan. It operates in the Financial Services and Real Estate & Construction sectors. Its Indian entity Rajasthan State Industrial Development And Investment Corporation Ltd reported revenue of ₹1,905 Cr. RIICO offers products and services including Land Allotment and Financial Loans. Its focus areas include Investment, Loans, Term Loans and Industrial Development.
Company details
Industrial areas have been established by RIICO across Rajasthan, with approximately 424 areas developed on 93,814.77 acres, facilitating investments of around 98.64 billion and generating employment for about 1.13 lakh persons. Loans totaling 39.81 billion have been provided to various scale projects, while infrastructure such as roads, water supply, and drainage is maintained. Policies for direct land allotment and financial schemes are implemented to support industrial growth, as evidenced by increasing net profits in recent fiscal years. Operational updates are regularly published to ensure transparency in activities.
- Headquarters India
- SectorsFinancial ServicesReal Estate & Construction
- Social LinkedIn Instagram YouTube
- Legal Name Rajasthan State Industrial Development & Investment Corporation Limited
- Date of Incorporation 28 Mar, 1969
- Jurisdiction Jaipur, Rajasthan, India
- Annual Revenue₹1,905 Cr
FY 2023 · +18% YoY
- Net Profit₹747 Cr
FY 2023 · 40% margin
- EBITDA₹874 Cr
FY 2023 · 47% margin
Associated legal entities of RIICO
RIICO operates through Rajasthan State Industrial Development And Investment Corporation Ltd (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Rajasthan State Industrial Development And Investment Corporation Ltd CIN U13100RJ1969SGC001263 | Active | 28 Mar 1969 | Jaipur, Rajasthan | ₹1,905 Cr | 9 | View details |
Products & Services of RIICO
RIICO offers a comprehensive portfolio of products and services, including Land Allotment and Financial Loans.
Land allotment services are offered for industrial purposes in designated areas
Loans are extended to industrial projects to promote development and investment
Apps and channels of RIICO
its YouTube channel RIICO Rajasthan has 2.46K subscribers and 30 videos.
Videos from RIICO
The most watched videos on RIICO's YouTube channel, RIICO Rajasthan (2.46K subscribers). Click a video to play it here.
More on RIICO Rajasthan.
Board of directors of Rajasthan State Industrial Development And Investment Corporation Ltd (RIICO)
Rajasthan State Industrial Development And Investment Corporation Ltd is the primary company behind RIICO. The board of Rajasthan State Industrial Development And Investment Corporation Ltd currently have 8 directors; the longest-serving is Ravikanth Tatipudi, appointed in 2024. 99 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ravikanth Tatipudi DIN 05338003 | Nominee Director | 25 Sep 2024 | 2 yrs | Rajasthan State Industrial Development And Investment Corporation Ltd |
| Shivangi Swarnkar DIN 07242259 | Managing Director | 01 Feb 2025 | 1 yr 8 mo | Rajasthan State Industrial Development And Investment Corporation Ltd |
| Shikhar Agrawal DIN 01093773 | Nominee Director | 23 Jun 2025 | 1 yr 4 mo | Rajasthan State Industrial Development And Investment Corporation Ltd |
| Subodh Agarwal DIN 06940604 | Nominee Director | 30 Jun 2025 | 1 yr 3 mo | Rajasthan State Industrial Development And Investment Corporation Ltd |
| Vaibhav Galriya DIN 03422896 | Nominee Director | 30 Jun 2025 | 1 yr 3 mo | Rajasthan State Industrial Development And Investment Corporation Ltd |
| Suresh Kumar Ola DIN 08180242 | Director | 24 Jul 2025 | 1 yr 2 mo | Rajasthan State Industrial Development And Investment Corporation Ltd |
| Nidhi Mehta DIN 11398351 | CFO | 18 Nov 2025 | 11 mo | Rajasthan State Industrial Development And Investment Corporation Ltd |
| Joga Ram DIN 07120359 | Nominee Director | 01 Dec 2025 | 10 mo | Rajasthan State Industrial Development And Investment Corporation Ltd |
Financials of RIICO
Figures of Rajasthan State Industrial Development And Investment Corporation Ltd, the primary company behind RIICO, for FY 2023. Revenue was ₹1,905 Cr (+18% year on year). Net profit was ₹747 Cr (40% margin). EBITDA was ₹874 Cr (47% margin). Revenue has grown at a compounded annual rate of +28% over three years and +21% over five years.
- ₹1,905 CrRevenue · FY 2023 · +18% YoY
- ₹747 CrNet profit · 40% margin
- ₹874 CrEBITDA · 47% margin
- ₹210 CrPaid-up capital
- +28%Revenue CAGR, 3 years
- +21%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Rajasthan State Industrial Development And Investment Corporation Ltd are on its company page.
Detailed financial statements for RIICO
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Top companies in Consumer and SME Loans
3 companies that operate in the same segment as RIICO (Consumer and SME Loans) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 203.79 M | 1,630 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | USD 1.9 B | 36,520 |
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Related news about Riico
Complete news archive for RIICO
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Frequently Asked Questions about RIICO
RIICO is headquartered in India.
The primary company behind RIICO, Rajasthan State Industrial Development And Investment Corporation Ltd, reported revenue of ₹1,905 Cr for FY 2023, up 18% year on year.
Industrial areas have been established by RIICO across Rajasthan, with approximately 424 areas developed on 93,814.77 acres, facilitating investments of around 98.64 billion and generating employment for about 1.13 lakh persons. Loans totaling 39.81 billion have been provided to various scale projects, while infrastructure such as roads, water supply, and drainage is maintained. Policies for direct land allotment and financial schemes are implemented to support industrial growth, as evidenced by increasing net profits in recent fiscal years. Operational updates are regularly published to ensure transparency in activities.
RIICO offers Land Allotment and Financial Loans.
RIICO operates through Rajasthan State Industrial Development And Investment Corporation Ltd.
The legal entities of RIICO currently have 9 directors, including Ravikanth Tatipudi, Joga Ram, Suresh Kumar Ola and others.