About Raic Integrated Sponge & Power Private Limited
Data last updated:
Raic Integrated Sponge & Power Private Limited was a private limited company based in Kolkata, West Bengal, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the other metals and minerals segment of the metals and mining sector. It was incorporated on 20 February 2003.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U27105WB2003PTC095823. Its GSTIN is 19AACCB3462A1Z4 (West Bengal). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹8 Cr and a paid-up capital of ₹7.71 Cr. It was formerly known as Bhagwati Sponge Private Limited. It was led by directors including Sheo Pujan Singh and Gyan Adukia.
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 was at 25 Ganesh Chandra Avenue 4th Floor, Kolkata, West Bengal, India – 700013.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,241.49 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹42.46 Cr (net margin 3.4%) and EBITDA of ₹111.86 Cr (EBITDA margin 9%). Revenue has grown at a compounded annual rate (CAGR) of 41% over three years and 38% over five years.
The company had about 536 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹553.58 Cr and satisfied charges of ₹118.15 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 1 case is pending. The company has 20 deals on record (15 secondary share transfers, 5 funding rounds), with disclosed funding of ₹20.8 Cr; the latest was in March 2018. Its 3 peer companies in the Metals and Minerals industry (Other Minerals), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 1 smaller; the largest is Bihar Foundry & Castings Limited with revenue of ₹1,917.18 Cr. The company has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 7 overdue payments to 7 micro and small suppliers.
The last known website on record is ultramaxtmt.com.
Company details
Contact details
Raic Integrated Sponge & Power Private Limited's registered office is in Kolkata, West Bengal. Its website is ultramaxtmt.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address25 Ganesh Chandra Avenue 4th Floor, Kolkata, West Bengal, India – 700013
- IndustryMetals and Minerals, Other Metals & Minerals
To see the full contact details of Raic Integrated Sponge & Power 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 activity of Raic Integrated Sponge & Power 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 Raic Integrated Sponge & Power Private Limited, buy the company report.
Financials of Raic Integrated Sponge & Power Private Limited
FY 2024 filings availableRaic Integrated Sponge & Power Private Limited reported revenue of ₹1,241.49 Cr (up 3% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 38% over five years, including 3% growth in the latest year. EBITDA rose 39% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,241.49 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹111.86 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹42.46 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9% | ||||
| Net Profit Margin | 3.4% | ||||
| 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 Raic Integrated Sponge & Power Private Limited, buy the company report.
Board of directors of Raic Integrated Sponge & Power Private Limited
Raic Integrated Sponge & Power has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sheo Pujan Singh Also directs: Aic Iron Industries Private Limited | Director | 21 Apr 2017 | 9 Years 6 Months | As last reported |
| Gyan Adukia Also directs: Radhamadhav Spectrum LLP, Taic Iron and Steel Private Limited, Aic Steel Private Limited and 4 more | Director | 15 Feb 2019 | 7 Years 8 Months | As last reported |
| Dinesh Adukia Also directs: Taic Iron and Steel Private Limited, Aic Steel Private Limited, Aic Iron Industries Private Limited and 4 more | Director | 04 Apr 2011 | 15 Years 6 Months | As last reported |
| Vivek Adukia Also directs: Taic Iron and Steel Private Limited, Aic Steel Private Limited, Aic Iron Industries Private Limited and 4 more | Director | 04 Apr 2011 | 15 Years 6 Months | As last reported |
Peer comparison
Raic Integrated Sponge & Power Private Limited is compared with the 3 companies closest to it by revenue in the Metals and Minerals industry (Other Minerals), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bihar Foundry & Castings Limited | ₹1,917.18 Cr (FY 2025) | 12.0% | Ranchi, Jharkhand, India | |||
| Hira Power and Steels Limited | ₹1,386.8 Cr (FY 2025) | 18.0% | Raipur, Chhattisgarh, India | |||
| Raic Integrated Sponge & Power Private Limitedthis company | ₹1,241.49 Cr (FY 2024) | ₹42.46 Cr | 3.4% | 3.0% | 536 | Kolkata, West Bengal, India |
| Ferro Alloys Corporation Limited | ₹954.47 Cr (FY 2025) | 15.0% | Odisha, India |
To see the full peer comparison of Raic Integrated Sponge & Power Private Limited, buy the company report.
Auditor
Raic Integrated Sponge & Power Private Limited is audited by GAURAV S K AGARWAL & ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GAURAV S K AGARWAL & ASSOCIATES | FY 2024 | 327740E |
Shareholding
The shareholding of Raic Integrated Sponge & Power Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Raic Integrated Sponge & Power Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Nov 2023 | 100831022 | Others | ₹30 Cr | Satisfied | |
| 06 Jan 2021 | 100441072 | Others | ₹11.17 Cr | Satisfied | |
| 18 Apr 2020 | 100341545 | Others | ₹1.85 Cr | Satisfied | |
| 08 Apr 2020 | 100349150 | Others | ₹65 Lakh | Satisfied | |
| 25 Oct 2019 | 100298201 | Others | ₹49.4 Lakh | Satisfied |
To see the full charge records of Raic Integrated Sponge & Power Private Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Raic Integrated Sponge & Power Private Limited has 20 deals on record (15 secondary share transfers, 5 funding rounds), with disclosed funding of ₹20.8 Cr; the latest was in March 2018.
Deals on record (5 of 20)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Funding round | ₹8.78 Cr | Investors: N N Ispat Private Limited, Aic Iron Industries Private Limited , Aic Steel Private Limited |
| May 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Bhikshu Agency Private Limited |
| Feb 2016 | Secondary share transfer | Undisclosed | Buyer: Mehra Securities Private Limited, an individual Seller: Adukia Industries Private Limited , an individual |
| May 2014 | Secondary share transfer | Undisclosed | Buyer: Aic Relators Private Limited Seller: Adukia Industries Private Limited , Mehra Securities Private Limited |
| Mar 2014 | Funding round | ₹21.5 Lakh | Investors: Bhikshu Agency Private Limited |
To see the full deal history of Raic Integrated Sponge & Power 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
Raic Integrated Sponge & Power Private Limited has 4 court cases on record: 3 filed by Raic Integrated Sponge & Power, 1 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 0 |
| District courts | 1 | 0 | 0 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Court case (CN) | Filed by the company against Sagetech Automation Private Limited and 4 others | Disposed |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed by the company against The State of West Bengal | Pending |
| High Court | Court case (ITAT) | Filed against the company by Principal Commissioner of Income Tax, Asansol | Disposed |
| High Court | Writ petition | Filed by the company against State of West Bengal and Ors | Disposed |
To see the full case history of Raic Integrated Sponge & Power 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.
MSME payment delays
Raic Integrated Sponge & Power Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 7 overdue payments to 7 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 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Flow Control Pumps and Systems Private Limited | |||
| B.P. Engineers & Electronics Pvt. Ltd. | |||
| JMR Logistics | |||
| Premier (India) Bearings Limited | |||
| an individual supplier |
To see the full MSME payment records of Raic Integrated Sponge & Power Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Raic Integrated Sponge & Power Private Limited has a workforce of 536 employees on its EPFO records as of Dec 17, 2025, across 1 active EPFO establishment.
GST
Raic Integrated Sponge & Power has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AACCB3462A1Z4 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Raic Integrated Sponge & Power Private Limited, buy the company report.
Recent activity
Raic Integrated Sponge & Power Private Limited has 13 board changes on record since 2007: 4 appointments and 9 cessations. The latest: Sheo Pujan Singh ceased to be Additional Director on 22 Mar 2023.
34 earlier events are in the company report.
Frequently asked questions
Raic Integrated Sponge & Power has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Raic Integrated Sponge & Power was a private limited company based in Kolkata, West Bengal, India. The company worked in other metals and minerals, within the metals and minerals industry. It was incorporated on 20 February 2003 and is registered under CIN U27105WB2003PTC095823. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Raic Integrated Sponge & Power was incorporated on 20 February 2003. It is registered with the Registrar of Companies, Kolkata.
Raic Integrated Sponge & Power had 4 directors:
- Sheo Pujan Singh - Director
- Gyan Adukia - Director
- Dinesh Adukia - Director
- Vivek Adukia - Director
The CIN (Corporate Identification Number) of Raic Integrated Sponge & Power is U27105WB2003PTC095823. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Raic Integrated Sponge & Power is at 25 Ganesh Chandra Avenue 4th Floor, Kolkata, West Bengal, India – 700013.
Raic Integrated Sponge & Power can be reached through the website ultramaxtmt.com. Its registered office is in Kolkata, West Bengal, India.
The latest financial statements of Raic Integrated Sponge & Power 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 Raic Integrated Sponge & Power is 19AACCB3462A1Z4, registered in West Bengal. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Raic Integrated Sponge & Power operated in the metals and minerals industry, in the other metals and minerals segment.
Raic Integrated Sponge & Power has 20 deals on record (15 secondary share transfers, 5 funding rounds), with disclosed funding of ₹20.8 Cr; the latest was in March 2018.
The peers of Raic Integrated Sponge & Power by revenue are Bihar Foundry & Castings Limited, Hira Power and Steels Limited, Ferro Alloys Corporation Limited, all in the Metals and Minerals industry (Other Minerals), with the same principal business activity (metal and metal products).