Racheshwar Industries Limited
About Racheshwar Industries Limited
Data last updated:
Racheshwar Industries Limited is a public limited company based in Surat, Gujarat, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 21 December 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17291GJ2006PTC049619. Its GSTIN is 24AABCE6941N1ZE (Gujarat).
The company has an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹95.3 Lakh. It was formerly known as Ess Pee Industries (Gujarat) Limited. It is led by directors including Abhishek Yudhishter Batra and Niku Gaurav Sudrania.
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 Plot No. 251 G.I.D.C. Estate At Sachin Dist. Surat, Gujarat, India – 394230.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.47 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹14.05 Lakh (net margin 0.8%) and EBITDA of ₹1.71 Cr (EBITDA margin 9.8%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years and 10% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹26.11 Cr and satisfied charges of ₹59.8 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Racheshwar Industries has one previous CIN (Corporate Identification Number): U17291GJ2006PLC049619. The current CIN is U17291GJ2006PTC049619, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17291GJ2006PTC049619 | Current |
| U17291GJ2006PLC049619 | Previous |
Contact details
Racheshwar Industries Limited's registered office is in Surat, Gujarat.
- Registered AddressPlot No. 251 G.I.D.C. Estate At Sachin Dist. Surat, Gujarat, India – 394230
- IndustryHome & Lifestyle, Textile Retail & Distribution
- 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 activity of Racheshwar Industries is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Racheshwar Industries Limited, buy the company report.
Financials of Racheshwar Industries Limited
FY 2024 filings availableRacheshwar Industries Limited reported revenue of ₹17.47 Cr (down 22% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 22% fall in the latest year. EBITDA fell 19% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹1.71 Cr | ||||
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| Net Profit (PAT) | ₹14.05 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.8% | ||||
| Net Profit Margin | 0.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Racheshwar Industries Limited, buy the company report.
Board of directors of Racheshwar Industries Limited
Racheshwar Industries has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhishek Yudhishter Batra Also directs: Zentrico Ventures LLP, Gale Learning LLP, Kgy Glass Industries Private Limited and 1 more | Director | 21 Apr 2025 | 1 Years 6 Months | Current |
| Niku Gaurav Sudrania Also directs: Ess Pee Limited | Director | 01 Apr 2023 | 3 Years 7 Months | Current |
| Gaurav Sanjaybhai Sudrania Also directs: Ess Pee Limited | Director | 08 Aug 2017 | 9 Years 3 Months | Current |
| Sanjay Sudrania Also directs: Ess Pee Limited, Sachin Infra Environment Limited | Director | 01 Apr 2023 | 3 Years 7 Months | Current |
Peer comparison
Racheshwar Industries Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Charisma Apparels Impex Private Limited | ₹17.51 Cr (FY 2024) | -20.0% | Delhi, India | |||
| C P R Textiles Private Limited | ₹17.5 Cr (FY 2024) | 0.0% | Coimbatore, Tamil Nadu, India | |||
| Supreme Filaments Limited | ₹17.49 Cr (FY 2025) | 6.0% | Surat, Gujarat, India | |||
| Sri Selve Spinners Private Limited | ₹17.47 Cr (FY 2025) | -50.0% | Namakkal, Tamil Nadu, India | |||
| Racheshwar Industries Limitedthis company | ₹17.47 Cr (FY 2024) | ₹14.05 Lakh | 0.8% | -22.0% | Surat, Gujarat, India | |
| Takshila Textiles Private Limited | ₹17.45 Cr (FY 2024) | 6.0% | Gwalior, Madhya Pradesh, India | |||
| Maruti Non-Woven Fabric Private Limited | ₹17.44 Cr (FY 2025) | 90.0% | Durg, Chhattisgarh, India | |||
| Sree Gomathi Amman Spinning Mills Private Limited | ₹17.42 Cr (FY 2024) | -32.0% | Gobichettypalayam, Tamil Nadu, India |
To see the full peer comparison of Racheshwar Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Dec 2023 | 100831815 | Others | ₹31.2 Lakh | Open | |
| 09 Feb 2021 | 100416454 | Others | ₹4.9 Cr | Open | |
| 09 Feb 2021 | 100417299 | Others | ₹5 Cr | Open | |
| 05 Oct 2016 | 100256812 | Others | ₹15.9 Cr | Open | |
| 24 Sep 2020 | 100373496 | Others | ₹1 Cr | Satisfied |
To see the full charge records of Racheshwar Industries Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Racheshwar Industries Limited has 3 court cases on record: 3 filed by Racheshwar Industries. 2 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 2 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against Bhagwan Ram Prop of Shiv Traders | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Principal Commissioner of Income Tax | Disposed |
To see the full case history of Racheshwar Industries 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Racheshwar Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Racheshwar Industries has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCE6941N1ZE | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Racheshwar Industries Limited, buy the company report.
Recent activity
Racheshwar Industries Limited has 13 board changes on record since 2011: 4 appointments and 9 cessations. The latest: Abhishek Yudhishter Batra was appointed as Director on 21 Apr 2025.
28 earlier events are in the company report.
Frequently asked questions
Racheshwar Industries is an active public limited company based in Surat, Gujarat, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 21 December 2006 (20+ years old) and is registered under CIN U17291GJ2006PTC049619.
Racheshwar Industries has 4 current directors:
- Abhishek Yudhishter Batra - Director
- Niku Gaurav Sudrania - Director
- Gaurav Sanjaybhai Sudrania - Director
- Sanjay Sudrania - Director
The latest financial statements of Racheshwar Industries 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 Racheshwar Industries is 24AABCE6941N1ZE, registered in Gujarat.
The CIN (Corporate Identification Number) of Racheshwar Industries is U17291GJ2006PTC049619. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Racheshwar Industries has 3 court cases on record: 3 filed by the company. 2 are pending. Most are in the district courts.
Racheshwar Industries was incorporated on 21 December 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Racheshwar Industries by revenue are Charisma Apparels Impex Private Limited, C P R Textiles Private Limited, Supreme Filaments Limited, Sri Selve Spinners Private Limited, Takshila Textiles Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Abhishek Yudhishter Batra was appointed as Director on 21 Apr 2025. Bikash Agarwal ceased to be Director on 08 May 2023. Kirtida Rajesh Bansal ceased to be Director on 08 May 2023. Racheshwar Industries has 13 board changes on record in total.
The registered office of Racheshwar Industries is at Plot No. 251 G.I.D.C. Estate At Sachin Dist. Surat, Gujarat, India – 394230.
Racheshwar Industries operates in the home and lifestyle industry, in the textile retail and distribution segment.
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