About Rasik Products Private Limited
Data last updated:
Rasik Products Private Limited is a private limited company based in Uttar Pradesh, India. It operates in the packaging films and foils segment of the packaging sector. It was incorporated on 09 December 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U22211UP1998PTC024053. Its GSTIN is 09AACCR3348B1ZM (Uttar Pradesh). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹4.03 Cr. It is led by directors including Girdhari Lal Khandelwal and Rasik Khandelwal.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 141Km Delhi Agra Bye Passnear Alwer Rly Briage Krishna Nagar Mathura, Uttar Pradesh, India.
As per the financials filed for FY 2023, the company reported a revenue of ₹123.74 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹2.44 Cr (net margin 2%) and EBITDA of ₹11.41 Cr (EBITDA margin 9.2%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 26% over five years.
The company has about 213 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Rasik Products. As per MCA filings, the company has open charges of ₹103.71 Cr and satisfied charges of ₹52.84 Cr on record. Court records list 132 cases involving the company, including 7 filed by the company and 125 filed against it; 88 cases are pending. The company has 6 deals on record (3 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹1.94 Cr; the latest was in January 2018.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rasikfoils.com.
Company details
Contact details
Rasik Products Private Limited's registered office is in Uttar Pradesh. Its website is rasikfoils.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address141Km Delhi Agra Bye Passnear Alwer Rly Briage Krishna Nagar Mathura, Uttar Pradesh, India
- IndustryPackaging, Packaging Films & Foils
To see the full contact details of Rasik Products 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
Brands
Rasik Products operates one associated brand: Rasik Products. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Speciality coating films, graphic grade foils, and packaging materials manufacturing in India. | rasikfoils.com |
Financials of Rasik Products Private Limited
FY 2023 filings availableRasik Products Private Limited reported revenue of ₹123.74 Cr (up 21% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 21% growth in the latest year. EBITDA rose 6% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹123.74 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹11.41 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.44 Cr | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.2% | ||||
| Net Profit Margin | 2% | ||||
| 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 Rasik Products Private Limited, buy the company report.
Board of directors of Rasik Products Private Limited
Rasik Products has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Girdhari Lal Khandelwal Also directs: Rasik Export Private Limited | Director | 09 Dec 1998 | 27 Years 10 Months | Current |
| Rasik Khandelwal Also directs: Rasik Export Private Limited | Director | 14 May 2004 | 22 Years 5 Months | Current |
| Gopal Khandelwal Also directs: Rasik Export Private Limited | Additional Director | 18 Feb 2022 | 4 Years 8 Months | Current |
Auditor
Rasik Products Private Limited is audited by Ashwani Khandelwal & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ashwani Khandelwal & Co. | FY 2023 | 007107C |
Shareholding
The shareholding of Rasik Products Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rasik Products Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Mar 2024 | 100875223 | Others | ₹50 Lakh | Open | |
| 04 Mar 2024 | 100875219 | Others | ₹60 Lakh | Open | |
| 10 Nov 2023 | 100827812 | Canara Bank | ₹40 Lakh | Open | |
| 06 Oct 2023 | 100829936 | Hdfc Bank Limited | ₹12 Cr | Open | |
| 13 Sep 2023 | 100827813 | Canara Bank | ₹5 Cr | Open |
To see the full charge records of Rasik Products Private Limited, buy the company report.
Total charge records: 40 View all charges
Deals & funding
Rasik Products Private Limited has 6 deals on record (3 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹1.94 Cr; the latest was in January 2018.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2018 | Rights issue | ₹1.75 Cr | Investors: 3 individuals |
| Nov 2016 | Funding round | ₹55 Lakh | Investors: 2 individuals |
| Jan 2015 | Funding round | ₹24 Lakh | Investors: an individual |
| Sep 2013 | Secondary share transfer | Undisclosed | Buyer: Rasik Gopal Private Trust, 3 individuals Seller: an individual |
| Jul 2008 | Funding round | ₹1.15 Cr | Investors: Rasik Gopal Private Trust, Girdhari Family Trust, Shashi Family Trust, an individual |
To see the full deal history of Rasik Products Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Rasik Products Private Limited has 132 court cases on record: 7 filed by Rasik Products, 125 filed against it. 88 cases are pending and 44 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 126 | 121 | 88 |
| NCLT | 4 | 3 | 0 |
| High courts | 1 | 0 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 132)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Siemens Financial Services Pvt Ltd | Pending |
| District court, North West, Delhi | Court case (CS (COMM.)) | Filed against the company by M/S Neovation Graphics Pvt Ltd | Pending |
| District court, Ghaziabad, Uttar Pradesh | Criminal miscellaneous application | Filed by the company against Rich Credit Finance Pvt Ltd.- Authorised Representative Vivek Malhotra and 1 other | Pending |
| District court, Faridabad, Haryana | Cheque dishonour complaint | Filed against the company by Richcredit Finance Private Limited | Pending |
| District court, East, Delhi | Commercial suit | Filed against the company by Richcredit Finance Pvt Ltd | Pending |
To see the full case history of Rasik Products 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
Rasik Products Private Limited was last rated by Brickwork on 31 Jan 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 31 Jan 2020 |
To see the full credit ratings and regulatory alerts of Rasik Products Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Rasik Products Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Rasik Products Private Limited has a workforce of 213 employees on its EPFO records as of Oct 10, 2025, across 1 active EPFO establishment.
GST
Rasik Products has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AACCR3348B1ZM | Uttar Pradesh | Active | 01 Jul 2017 |
| 07AACCR3348B1ZQ | Delhi | Active | 01 Feb 2023 |
To see the full GST registrations and return filing status of Rasik Products Private Limited, buy the company report.
Recent activity
Rasik Products Private Limited has 7 board changes on record since 1998: 5 appointments and 2 cessations. The latest: Gopal Khandelwal was appointed as Additional Director on 18 Feb 2022.
61 earlier events are in the company report.
Frequently asked questions
Rasik Products is an active private limited company based in Uttar Pradesh, India. The company works in packaging films and foils, within the packaging industry. It was incorporated on 09 December 1998 (28+ years old) and is registered under CIN U22211UP1998PTC024053.
Rasik Products has 3 current directors:
- Girdhari Lal Khandelwal - Director
- Rasik Khandelwal - Director
- Gopal Khandelwal - Additional Director
The latest financial statements of Rasik Products on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Rasik Products is 09AACCR3348B1ZM, registered in Uttar Pradesh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 07AACCR3348B1ZQ (Delhi).
The CIN (Corporate Identification Number) of Rasik Products is U22211UP1998PTC024053. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rasik Products has 132 court cases on record: 7 filed by the company and 125 filed against it. 88 are pending. Most are in the district courts.
Rasik Products was incorporated on 09 December 1998, making it 28+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
Rasik Products has 6 deals on record (3 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹1.94 Cr; the latest was in January 2018.
Gopal Khandelwal was appointed as Additional Director on 18 Feb 2022. Shashi Rani ceased to be Director on 18 Feb 2022. Priyanka Khandelwal ceased to be Director on 11 Dec 2009. Rasik Products has 7 board changes on record in total.
Rasik Products can be reached through the website rasikfoils.com. Its registered office is in Uttar Pradesh, India.