About Raf Holdings Private Limited
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Raf Holdings Private Limited is a private limited company based in Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 22 July 1953 and has been in existence for over 73 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH1953PTC009097. Its GSTIN is 27AAACS6227N1Z0 (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹7.91 Lakh. It was formerly known as Sunways (India) Limited and Sunways (India) Private Limited. It is led by directors including Anupam Kantilal Shroff and Bhadresh Kantilal Shroff.
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 Jai Prakash Road No.2 Goregoan (East) Mumbai – 400 063., Maharashtra, India.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.3 Cr, a decline of 58% compared to the previous year. For the same year it recorded a net loss of ₹1.9 Cr (net margin -57.5%) and EBITDA of ₹73.02 Lakh (EBITDA margin 22.1%). Revenue has declined at a compounded annual rate (CAGR) of 63% over three years and 43% over five years.
The company has about 123 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sunways. As per MCA filings, the company has open charges of ₹7.49 Cr and satisfied charges of ₹12.05 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sunways.com.
Company details
Name history
Raf Holdings has undergone 2 name changes throughout its history. The company was previously known as Sunways (India) Limited, and Sunways (India) Private Limited. The current legal name is Raf Holdings Private Limited.
| Company Name | Status |
|---|---|
| Raf Holdings Private Limited | Current |
| Sunways (India) Limited | Previous |
| Sunways (India) Private Limited | Previous |
CIN history
Raf Holdings has one previous CIN (Corporate Identification Number): U24239MH1953PTC009097. The current CIN is U70100MH1953PTC009097, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70100MH1953PTC009097 | Current |
| U24239MH1953PTC009097 | Previous |
Contact details
Raf Holdings Private Limited's registered office is in Maharashtra. Its website is sunways.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressJai Prakash Road No.2 Goregoan (East) Mumbai – 400 063., Maharashtra, India
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Raf Holdings 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
Raf Holdings operates one associated brand: Sunways. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Ophthalmic and ENT products are manufactured, along with medical devices. | sunways.com |
Financials of Raf Holdings Private Limited
FY 2024 filings availableRaf Holdings Private Limited reported revenue of ₹3.3 Cr (down 58% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 43% over five years, including a 58% fall in the latest year. EBITDA fell 66% 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 | ₹3.3 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹73.02 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.9 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.1% | ||||
| Net Profit Margin | -57.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Raf Holdings Private Limited, buy the company report.
Board of directors of Raf Holdings Private Limited
Raf Holdings has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anupam Kantilal Shroff | Director | 15 Dec 1986 | 39 Years 10 Months | Current |
| Bhadresh Kantilal Shroff | Director | 15 Dec 1986 | 39 Years 10 Months | Current |
| Firaq Pankaj Shroff Also directs: Kalikund Syntex Ltd, Sunways (India) Private Limited, Sunways Inor Medical Devices Private Limited and 1 more | Director | 23 Apr 2019 | 7 Years 6 Months | Current |
Auditor
Raf Holdings Private Limited is audited by T.I. Shroff & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T.I. Shroff & Co. | FY 2023 | 110219W |
Shareholding
The shareholding of Raf Holdings Private 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 Raf Holdings Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Oct 2023 | 100808395 | Axis Bank Limited | ₹7.49 Cr | Open | |
| 30 Mar 2015 | 10563998 | State Bank of India | ₹3.8 Cr | Satisfied | |
| 30 Jul 2013 | 10446976 | Others | ₹8.25 Cr | Satisfied |
To see the full charge records of Raf Holdings Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Raf Holdings Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Raf Holdings Private Limited was last rated by Crisil on 14 Jun 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 14 Jun 2019 |
To see the full credit ratings and regulatory alerts of Raf Holdings Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Raf Holdings Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Raf Holdings Private Limited has a workforce of 123 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Raf Holdings has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACS6227N1Z0 | Maharashtra | Active | 01 Jul 2017 |
| 24AAACS6227N1Z6 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Raf Holdings Private Limited, buy the company report.
Recent activity
Raf Holdings Private Limited has 4 board changes on record since 1986: 3 appointments and 1 cessation. The latest: Firaq Pankaj Shroff was appointed as Director on 23 Apr 2019.
2 earlier events are in the company report.
News
Frequently asked questions
Raf Holdings is an active private limited company based in Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 22 July 1953 (73+ years old) and is registered under CIN U70100MH1953PTC009097.
Raf Holdings has 3 current directors:
- Anupam Kantilal Shroff - Director
- Bhadresh Kantilal Shroff - Director
- Firaq Pankaj Shroff - Director
The latest financial statements of Raf Holdings 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 Raf Holdings is 27AAACS6227N1Z0, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAACS6227N1Z6 (Gujarat).
The CIN (Corporate Identification Number) of Raf Holdings is U70100MH1953PTC009097. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raf Holdings was incorporated on 22 July 1953, making it 73+ years old. It is registered with the Registrar of Companies, Mumbai.
Firaq Pankaj Shroff was appointed as Director on 23 Apr 2019. Pankaj Kantilal Shroff ceased to be Director on 15 Oct 2017. Anupam Kantilal Shroff was appointed as Director on 15 Dec 1986. Raf Holdings has 4 board changes on record in total.
Raf Holdings can be reached through the website sunways.com. Its registered office is in Maharashtra, India.
The registered office of Raf Holdings is at Jai Prakash Road No.2 Goregoan East Mumbai – 400 063., Maharashtra, India.
Raf Holdings operates in the real estate and construction industry, in the real estate builders and developers segment.
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