Raghuvanshi Industries Private Limited
About Raghuvanshi Industries Private Limited
Data last updated:
Raghuvanshi Industries Private Limited is a private limited company based in Rajkot, Gujarat, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 24 January 2014.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17111GJ2014PTC078412. Its GSTIN is 24AAGCR7964R1ZF (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹6.75 Cr and a paid-up capital of ₹6.5 Cr. It is led by directors including Devendra Jain (Irp/Rp/Liquidator) and Sanjay Chandrakant Thakrar.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at R. S. No.319 Naranka Rajkot Jamnagar Highway Vill. Targhadi Tal. Padadhari Dist. Ra, Jkot, Gujarat, India – 363660.
As per the financials filed for FY 2021, the company reported a revenue of ₹21.55 Cr, a decline of 53% compared to the previous year. For the same year it recorded a net loss of ₹2.97 Lakh (net margin -0.1%) and EBITDA of ₹7.88 Lakh (EBITDA margin 0.4%). Revenue has declined at a compounded annual rate (CAGR) of 52% over three years and 38% over five years.
As per MCA filings, the company has satisfied charges of ₹40.08 Cr on record. Court records list 23 cases involving the company, including 21 filed by the company and 2 filed against it; 7 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹6.4 Cr; the latest was in September 2016. Its 9 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 4 larger and 5 smaller; the largest is Darshan Texcoat Industries Private Limited with revenue of ₹21.62 Cr.
Company details
Contact details
Raghuvanshi Industries Private Limited's registered office is in Rajkot, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressR. S. No.319 Naranka Rajkot Jamnagar Highway Vill. Targhadi Tal. Padadhari Dist. Ra, Jkot, Gujarat, India – 363660
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Raghuvanshi Industries Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activities of Raghuvanshi Industries are manufacturing and support service to organizations. In detail, this covers textile, leather and other apparel products and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Raghuvanshi Industries Private Limited, buy the company report.
Financials of Raghuvanshi Industries Private Limited
FY 2021 filings availableRaghuvanshi Industries Private Limited reported revenue of ₹21.55 Cr (down 53% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 38% over five years, including a 53% fall in the latest year. EBITDA fell 88% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹21.55 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹7.88 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.97 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.4% | ||||
| Net Profit Margin | -0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Raghuvanshi Industries Private Limited, buy the company report.
Board of directors of Raghuvanshi Industries Private Limited
Raghuvanshi Industries has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devendra Jain | Irp/Rp/Liquidator | 19 Jul 2024 | 2 Years 3 Months | As last reported |
| Sanjay Chandrakant Thakrar Also directs: Raghuvir Cotex Private Limited | Additional Director | 08 Mar 2021 | 5 Years 7 Months | As last reported |
| Bhupatbhai Hasmukhbhai Tanna Also directs: Prime Cottex Private Limited, Raghuvir Cotex Private Limited | Additional Director | 03 Mar 2021 | 5 Years 7 Months | As last reported |
Peer comparison
Raghuvanshi Industries Private Limited is compared with the 9 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Darshan Texcoat Industries Private Limited | ₹21.62 Cr (FY 2025) | 1.0% | Maharashtra, India | |||
| Asian Colours Private Limited | ₹21.62 Cr (FY 2025) | 23.0% | Pallipalayam, Tamil Nadu, India | |||
| Sharda Clothing Private Limited | ₹21.62 Cr (FY 2025) | 90.0% | Mumbai, Maharashtra, India | |||
| Alfine Knit Private Limited | ₹21.59 Cr (FY 2024) | 11.0% | Chennai, Tamil Nadu, India | |||
| Raghuvanshi Industries Private Limitedthis company | ₹21.55 Cr (FY 2021) | -₹2.97 Lakh | -0.1% | -53.0% | Rajkot, Gujarat, India | |
| P4 Tex Fab Private Limited | ₹21.52 Cr (FY 2024) | -22.0% | Surat, Gujarat, India | |||
| Royal Tex Fab Private Limited | ₹21.52 Cr (FY 2025) | 30.0% | Delhi, India | |||
| Harsha Yarn and Synthetics Private Limited | ₹21.49 Cr (FY 2025) | 62.0% | Ichalkaranji, Maharashtra, India | |||
| Annur Sriambal Fabrics Private Limited | ₹21.49 Cr (FY 2025) | 2.0% | Coimbatore(Dt), Tamil Nadu, India | |||
| RGT Fashion Private Limited | ₹21.48 Cr (FY 2024) | 48.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Raghuvanshi Industries Private Limited, buy the company report.
Auditor
Raghuvanshi Industries Private Limited is audited by B H RUPAPARA & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B H RUPAPARA & ASSOCIATES | FY 2021 | 134898W |
Shareholding
The shareholding of Raghuvanshi Industries Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Raghuvanshi Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Feb 2015 | 10549828 | State Bank of India | ₹20 Cr | Satisfied | |
| 12 Feb 2015 | 10549825 | State Bank of India | ₹20 Cr | Satisfied | |
| 05 Jan 2015 | 10549914 | Indusind Bank Ltd. | ₹8 Lakh | Satisfied |
To see the full charge records of Raghuvanshi Industries Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Raghuvanshi Industries Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹6.4 Cr; the latest was in September 2016.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 3 individuals |
| Oct 2015 | Funding round | ₹1.5 Cr | Investors: an individual |
| Mar 2014 | Funding round | ₹4.9 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Raghuvanshi Industries Private Limited has 23 court cases on record: 21 filed by Raghuvanshi Industries, 2 filed against it. 7 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 1 | 0 |
| High courts | 7 | 0 | 7 |
| NCLT | 7 | 1 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Cheque dishonour complaint | Filed against the company by Ferrite Metal Solutions Pvt Ltd | Disposed |
| High Court, GUJARAT | Court case (SCR.A) | Filed by the company against State of Gujarat and 7 others | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company | Disposed |
| NCLT, Ahmedabad | Interim or miscellaneous application | Filed by the company | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Shree N. H. Enterprises - Partnership Firm Through Its Partner Mr. Nirav Mahendrabhai Mashru | Disposed |
To see the full case history of Raghuvanshi Industries Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Raghuvanshi Industries Private Limited was last rated by Crisil on 19 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 19 Aug 2020 |
To see the full credit ratings and regulatory alerts of Raghuvanshi Industries Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Raghuvanshi Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Raghuvanshi Industries has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCR7964R1ZF | Gujarat | Active | 01 Jul 2017 |
| 27AAGCR7964R1Z9 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Raghuvanshi Industries Private Limited, buy the company report.
Recent activity
Raghuvanshi Industries Private Limited has 8 board changes on record since 2015: 3 appointments and 5 cessations. The latest: Devendra Jain was appointed as Irp/Rp/Liquidator on 19 Jul 2024.
5 earlier events are in the company report.
Frequently asked questions
Raghuvanshi Industries is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Raghuvanshi Industries is a company under liquidation, formerly operating as a private limited company based in Rajkot, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 24 January 2014 and is registered under CIN U17111GJ2014PTC078412. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Raghuvanshi Industries has 3 current directors:
- Sanjay Chandrakant Thakrar - Additional Director
- Bhupatbhai Hasmukhbhai Tanna - Additional Director
- Devendra Jain - Irp/Rp/Liquidator
The latest financial statements of Raghuvanshi Industries on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Raghuvanshi Industries is U17111GJ2014PTC078412. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raghuvanshi Industries has no open charges and satisfied charges of ₹40.08 Cr as per latest MCA filings.
Raghuvanshi Industries has 23 court cases on record: 21 filed by the company and 2 filed against it. 7 are pending. Most are in the district courts.
Raghuvanshi Industries was incorporated on 24 January 2014. It is registered with the Registrar of Companies, Ahmedabad.
Raghuvanshi Industries has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹6.4 Cr; the latest was in September 2016.
The peers of Raghuvanshi Industries by revenue are Darshan Texcoat Industries Private Limited, Asian Colours Private Limited, Sharda Clothing Private Limited, Alfine Knit Private Limited, P4 Tex Fab Private Limited and 4 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Devendra Jain was appointed as Irp/Rp/Liquidator on 19 Jul 2024. Gaurav Dineshbhai Selani ceased to be Director on 08 Mar 2021. Sanjay Chandrakant Thakrar was appointed as Additional Director on 08 Mar 2021. Raghuvanshi Industries has 8 board changes on record in total.