India's Richest People 2026 edition · 3 directors · Source: Hurun India
- #1,055 Arvindkumar Dalichand Sanghvi ₹2,500 Cr
- #1,055 Babulal Dalichand Sanghvi ₹2,500 Cr
- #1,608 Tarachand Dalichand Sanghvi ₹1,200 Cr
Revenue · FY 2025
₹564.35 Cr
▲ 22% YoY
Net profit · FY 2025
₹51.2 Cr
Net margin 9.1%
EBITDA · FY 2025
₹80.54 Cr
EBITDA margin 14.3%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹10 Cr
Issued & subscribed
Open charges
₹282.8 Cr
Satisfied ₹81.32 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
505
Provident fund records
About Raajratna Ventures Limited
Data last updated:
Raajratna Ventures Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 10 June 2004 and has been in existence for over 22 years.
Its director Arvindkumar Dalichand Sanghvi is #1,055 among India's richest people (2026). Its director Babulal Dalichand Sanghvi is #1,055 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27209GJ2004PLC044288. Its GSTIN is 24AACCR7873B1ZG (Gujarat).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It was formerly known as Raajratna Fasteners Private Limited and Raajratna Ventures Private Limited. It is led by directors including Naresh Babulal Sanghvi (Managing Director) and Aashish Arvind Sanghvi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹564.35 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹51.2 Cr (net margin 9.1%) and EBITDA of ₹80.54 Cr (EBITDA margin 14.3%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 13% over five years.
The company has about 505 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Raaj Solar and Raajratna Ventures. As per MCA filings, the company has open charges of ₹282.8 Cr and satisfied charges of ₹81.32 Cr on record. Court records list 12 cases involving the company, including 9 filed by the company and 3 filed against it; 3 cases are pending. The company has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹6 Cr; the latest was in November 2017. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 1,083 overdue payments to 35 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website raajventures.com.
Company details
CIN U27209GJ2004PLC044288
Registration Number 044288
Incorporation Date 10 June 2004
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Name history
Raajratna Ventures has undergone 2 name changes throughout its history. The company was previously known as Raajratna Fasteners Private Limited, and Raajratna Ventures Private Limited. The current legal name is Raajratna Ventures Limited.
| Company Name | Status |
|---|---|
| Raajratna Ventures Limited | Current |
| Raajratna Fasteners Private Limited | Previous |
| Raajratna Ventures Private Limited | Previous |
CIN history
Raajratna Ventures has one previous CIN (Corporate Identification Number): U27209GJ2004PTC044288. The current CIN is U27209GJ2004PLC044288, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27209GJ2004PLC044288 | Current |
| U27209GJ2004PTC044288 | Previous |
Key People
Naresh Babulal Sanghvi Managing Director Aashish Arvind Sanghvi Whole-Time Director Jaykishan Arvindkumar Sanghvi Whole-Time Director Recognitions & Rankings of Raajratna Ventures
Contact details
Raajratna Ventures Limited's registered office is in Ahmedabad, Gujarat. Its website is raajventures.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1402 14th Floor Phoenix Nr Honest Restaurant Vijay Cross Road To Commerce Six Road N, Avrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Raajratna Ventures Limited, buy the company report.
Comprehensive company report
Raajratna Ventures Limited - one report that includes everything
- 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
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Brands
Raajratna Ventures operates two associated brands: Raaj Solar and Raajratna Ventures. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality solar PV modules. | raajsolar.com | |
| Manufacturing of engineering products, solar solutions, and crepe paper by Raajratna Ventures. | raajventures.com |
Business activity
The main business activity of Raajratna Ventures is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Raajratna Ventures Limited, buy the company report.
Financials of Raajratna Ventures Limited
FY 2024 filings availableRaajratna Ventures Limited reported revenue of ₹564.35 Cr (up 22% YoY) for FY 2025.
Revenue · FY 2025
₹564.35 Cr ▲ 22%
Net profit · FY 2025
₹51.2 Cr margin 9.1%
EBITDA · FY 2025
₹80.54 Cr margin 14.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 22%
3 years · compounded
▲ 6%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 80%
3 years · compounded
▲ 4%
5 years · compounded
▲ 26%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 22% growth in the latest year. EBITDA rose 80% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹80.54 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹51.2 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.3% | ||||
| Net Profit Margin | 9.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Raajratna Ventures Limited, buy the company report.
Board of directors and KMP of Raajratna Ventures Limited
Raajratna Ventures Limited currently reports 8 directors and 1 key managerial person. 12 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rujuta Ashvinbhai Shah | Director | 20 Nov 2023 | 2 Years 11 Months | Current |
| Aashish Arvind Sanghvi | Whole-Time Director | 01 May 2010 | 16 Years 6 Months | Current |
| Babulal Dalichand Sanghvi | Director | 10 Jun 2004 | 22 Years 4 Months | Current |
| Tarachand Dalichand Sanghvi | Director | 17 Jan 2005 | 21 Years 9 Months | Current |
| Naresh Babulal Sanghvi Also directs: Raajratna Metal Industries Ltd, Raajratna Stockholding Private Limited, Sanhit Investment Managers LLP and 2 more | Managing Director | 01 Jun 2011 | 15 Years 5 Months | Current |
| Purvashi Dineshchandra Adhvaryu | Director | 21 May 2021 | 5 Years 5 Months | Current |
Showing 6 of 9 current directors and KMP. View all directors and KMP
Auditor
Raajratna Ventures Limited is audited by S R THADHANI AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R THADHANI AND CO | FY 2023 | 119707W |
Shareholding
The shareholding of Raajratna Ventures Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Raajratna Ventures Limited, buy the company report.
Charges & borrowings
Open charges
₹282.8 Cr
Satisfied charges
₹81.32 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Feb 2025 | 101059061 | Others | ₹79.79 Lakh | Open | |
| 04 Feb 2009 | 10142507 | Others | ₹141 Cr | Open | |
| 26 Jul 2005 | 80014370 | Others | ₹141 Cr | Open | |
| 30 Mar 2022 | 100568028 | Others | ₹21.25 Lakh | Satisfied | |
| 25 Mar 2022 | 100570176 | Others | ₹16 Lakh | Satisfied |
To see the full charge records of Raajratna Ventures Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Raajratna Ventures Limited has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹6 Cr; the latest was in November 2017.
Total deals
6
Funding rounds
3
Secondary share transfers
3
Disclosed funding
₹6 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Nov 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Raajratna Stockholding Private Limited |
| Dec 2012 | Funding round | ₹4.2 Cr | Investors: Raajranta Metal Industries Limited, 3 individuals |
| Jul 2006 | Funding round | ₹30 Lakh | Investors: Raajratna Stockholding Private Limited |
To see the full deal history of Raajratna Ventures 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
Raajratna Ventures Limited has 12 court cases on record: 9 filed by Raajratna Ventures, 3 filed against it. 3 cases are pending and 9 are disposed.
Total cases
12
Filed by the company
9
Filed against the company
3
Pending
3
Disposed
9
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 3 | 2 |
| High courts | 2 | 0 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Maruti Inox India Private Limited and 2 others | Disposed |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed by the company against Bentwood Seating System Pvt Ltd and 2 others | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Bentwood Seating System Pvt Ltd and 2 others | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Raijin Solar Energy LLP and 2 others | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 3 others | Pending |
To see the full case history of Raajratna Ventures 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
Raajratna Ventures Limited was last rated by Care on 08 Jul 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 08 Jul 2026 |
To see the full credit ratings and regulatory alerts of Raajratna Ventures Limited, buy the company report.
MSME payment delays
Raajratna Ventures Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 1,083 overdue payments to 35 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 35)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Lubgraf Synoils Pvt Ltd | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Maharshi Packaging |
To see the full MSME payment records of Raajratna Ventures Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Raajratna Ventures Limited has a workforce of 505 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
Employee count
505
Active EPFO establishments
1
Employee growth
-8.18%
GST
Raajratna Ventures has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCR7873B1ZG | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Raajratna Ventures Limited, buy the company report.
Recent activity
Raajratna Ventures Limited has 19 board changes on record since 2004: 9 appointments and 10 cessations. The latest: Binal Patel Dharmeshkumar ceased to be Company Secretary on 01 Oct 2024.
Charges
A charge with Others amounted to Rs. 0.80 Cr with Charge ID 101059061 was registered on 21 Feb 2025.
Ceased
Binal Patel Dharmeshkumar ceased to be Company Secretary.
AGM
Raajratna Ventures Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Rujuta Ashvinbhai Shah ceased to be Additional Director.
Filing
Raajratna Ventures Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Appointed
Rujuta Ashvinbhai Shah was appointed as Director.
Charges
A charge registered on 30 Mar 2022 via Charge ID 100568028 with Others was fully satisfied on 09 Nov 2022.
Charges
A charge registered on 25 Mar 2022 via Charge ID 100570176 with Others was fully satisfied on 09 Nov 2022.
Charges
A charge registered on 04 Oct 2018 via Charge ID 100209225 with Others was fully satisfied on 02 Sep 2022.
Charges
A charge registered on 04 Jul 2018 via Charge ID 100188617 with Others was fully satisfied on 02 Sep 2022.
Charges
A charge registered on 26 Oct 2016 via Charge ID 100492306 with Others was fully satisfied on 28 Jun 2022.
Charges
A charge registered on 26 Feb 2021 via Charge ID 100427269 with Others was fully satisfied on 24 Jun 2022.
47 earlier events are in the company report.
Frequently asked questions
Raajratna Ventures is an active public limited company based in Ahmedabad, Gujarat, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 10 June 2004 (22+ years old) and is registered under CIN U27209GJ2004PLC044288.
Raajratna Ventures has 9 current directors and KMP:
- Naresh Babulal Sanghvi - Managing Director
- Aashish Arvind Sanghvi - Whole-Time Director
- Jaykishan Arvindkumar Sanghvi - Whole-Time Director
- Rujuta Ashvinbhai Shah - Director
- Babulal Dalichand Sanghvi - Director
- Tarachand Dalichand Sanghvi - Director
- Purvashi Dineshchandra Adhvaryu - Director
- Arvindkumar Dalichand Sanghvi - Director
- Ashit Gautambhai Shah - Cfo
The latest financial statements of Raajratna Ventures on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Raajratna Ventures is 24AACCR7873B1ZG, registered in Gujarat.
The CIN (Corporate Identification Number) of Raajratna Ventures is U27209GJ2004PLC044288. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raajratna Ventures has 12 court cases on record: 9 filed by the company and 3 filed against it. 3 are pending. Most are in the district courts.
Raajratna Ventures was incorporated on 10 June 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Raajratna Ventures has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹6 Cr; the latest was in November 2017.
Binal Patel Dharmeshkumar ceased to be Company Secretary on 01 Oct 2024. Rujuta Ashvinbhai Shah ceased to be Additional Director on 29 Sep 2024. Rujuta Ashvinbhai Shah was appointed as Director on 20 Nov 2023. Raajratna Ventures has 19 board changes on record in total.
Raajratna Ventures has 11 MSME Form 1 returns on record between 2019 and 2023, listing 1,083 overdue payments to 35 micro and small suppliers. The latest return was filed on 03 Sep 2023.
Raajratna Ventures can be reached through the website raajventures.com. Its registered office is in Ahmedabad, Gujarat, India.
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