About Rinac
Rinac is a company based in Bengaluru (India) founded in 1994 by P V Sukumaran and Balasubramanian Vaidyanathan Puthucode. Rinac has raised $7.95 million across 3 funding rounds from investors including Piramal Group, Sunil Agro Foods and Avigo Capital Partners. The company has 353 employees as of March 22, 2025. Rinac offers products and services including Modular Cold Rooms, Refrigerated Transportation, and Smart Toilets. Rinac operates in a competitive market with competitors including NewCold, HAVI, Figorr, Refrig-It and Gubba Cold Storage, among others.
- Headquarter Bengaluru, India
- Employees 353 as on 22 Mar, 2025
- Founders P V Sukumaran, Balasubramanian Vaidyanathan Puthucode
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Rinac India Limited
- Date of Incorporation 31 Jan, 1994
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$50 M (USD)32.99as on Mar 31, 2023
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Net Profit
$1.52 M (USD)101.62as on Mar 31, 2023
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EBITDA
$2.33 M (USD)69.11as on Mar 31, 2023
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Total Equity Funding
$7.95 M (USD)
in 3 rounds
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Latest Funding Round
Not available
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Investors
Piramal Group
& 10 more
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Employee Count
353
as on Mar 22, 2025
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Products & Services of Rinac
Rinac offers a comprehensive portfolio of products and services, including Modular Cold Rooms, Refrigerated Transportation, and Smart Toilets.
Insulated rooms for storing perishable goods in controlled temperatures
Solutions for transporting temperature-sensitive products safely
Self-cleaning and sustainable toilet systems for public use
Funding Insights of Rinac
Rinac has successfully raised a total of $7.95M across 3 strategic funding rounds. 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.
Investors in Rinac
Rinac has secured backing from 11 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Piramal Group, Sunil Agro Foods and Avigo Capital Partners.
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PE firm invests in India
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Private equity investments are directed toward the FMCG sector.
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Investor details for Rinac
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Investments & Acquisitions by Rinac
Investment portfolio details for Rinac
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Financial Statements - Rinac
Detailed financials for Rinac
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Rinac Comparisons
Peer comparison for Rinac
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Competitors of Rinac
Rinac 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 NewCold, HAVI, Figorr, Refrig-It and Gubba Cold Storage, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cold chain logistics services are provided for temperature-sensitive goods.
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Provider of marketing analytics, packaging, supply chain management and logistics services
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Temperature monitoring solutions are delivered through a cloud-based platform.
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Temperature controlled warehousing services provider
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Provider of cold storage services
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Detailed competitors of Rinac
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Latest news on Rinac
Complete news archive for Rinac
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Frequently Asked Questions about Rinac
Rinac was founded in 1994 and raised its 1st funding round 12 years after it was founded.
Rinac is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Soji Abraham is the current CEO of Rinac.
Rinac is a funded company, having raised a total of $7.95M across 3 funding rounds to date.
As of Mar 22, 2025, the latest employee count at Rinac is 353.
Annual revenue of Rinac is $50M as on Mar 31, 2023.
Provider of design, manufacturing, and installation solutions for cold chain and clean construction industries. It manufactures a range of products, include ripening chambers, display chiller, individual quick freezers, step-in chillers, insulated panels, curd incubation chambers, and blast chillers. It primarily serves a diverse range of industries focused on cold chain solutions and clean construction, include Food and Beverage, Dairy Industry, Healthcare and Pharmaceuticals, Hospitality, and Warehousing and Refrigerated Logistics.
Rinac offers Modular Cold Rooms, Refrigerated Transportation, and Smart Toilets.
Rinac has 11 investors. Key investors include Piramal Group, Sunil Agro Foods, Avigo Capital Partners, Avigo Capital Partners, and Metmin Investments.
The valuation of Rinac is $32.66M as of Jun 2007.