Rain Industries Limited

BSE: 500339 NSE: RAIN
Rain Industries Limited - chemicals and materials in Hyderabad, Telangana, India. FY 2026 financials & compliance.
CIN L26942TG1974PLC001693 Incorporated 15 March 1974 ROC Hyderabad HQ Hyderabad, Telangana, India
Active Listed - NSE: RAIN · BSE: 500339 Public Limited Company chemicals and materials Fortune India 500 · #183
Data last updated
Market Cap
₹6,893 Cr
RAIN · NSE
Share Price
₹198.18
-3.30% today
Revenue
₹17,170 Cr
Dec 2025 · +10.1% YoY
EBITDA
₹2,137 Cr
Margin 12.4%
Net Profit
₹42.47 Cr
Dec 2025 · +107.5% YoY
P/E (TTM)
13.2x
P/B 0.9x
ROE
1.9%
ROCE 7.9%
Debt / Equity
1.30
Interest cover 75.8x

About Rain Industries Limited

Data last updated:

Rain Industries Limited is a public limited company based in Hyderabad, Telangana, India. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 15 March 1974 and has been in existence for over 52 years.

Rain Industries is ranked #183 on the Fortune India 500 (2025). Its director N Radhakrishna Reddy and family are #872 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN L26942TG1974PLC001693. Its GSTIN is 36AABCP2276K1Z8 (Telangana). The company holds 3 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500339 and NSE: RAIN.

The company has an authorised share capital of ₹167 Cr and a paid-up capital of ₹67.27 Cr. It was formerly known as Rain Commodities Limited and Tadapatri Cements Limited. It is led by directors including Jagan Mohan Reddy Nellore (Managing Director) and Brian Jude Mcnamara.

Its last annual general meeting (AGM) was held on 12 May 2026, and its latest financial statements are for the year ended 31 December 2025. The registered office is at Raincenter 34 Srinagarcolony, Hyderabad, Telangana, India – 500073.

As per the latest consolidated financials for FY 2024-25, the company reported a revenue of ₹17,170 Cr, a growth of 10.1% compared to the previous year. For the same year it recorded a net profit of ₹42.47 Cr (net margin 0.2%) and EBITDA of ₹2,137.25 Cr (EBITDA margin 12.4%). The net worth stands at ₹7,449.12 Cr (up 12.2% YoY). Total assets are valued at ₹18,455 Cr (up 13.5% YoY).

The company has about 178 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.

The company is associated with 1 brand: Rain Industries. As per MCA filings, the company has open charges of ₹185 Cr and satisfied charges of ₹5,071.61 Cr on record. Court records list 117 cases involving the company, including 89 filed by the company and 28 filed against it; 16 cases are pending.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rain-industries.com.

Company details

CIN L26942TG1974PLC001693
Registration Number 001693
Incorporation Date 15 March 1974
ROC Hyderabad
Listing Status Listed - Listed on NSE (RAIN); Listed on BSE (500339)
Company Status Active
Date of Last AGM 12 May 2026
Date of Balance Sheet 31 December 2025
Compliance Status Active Compliant

Name history

Rain Industries has undergone 4 name changes throughout its history. The current legal name is Rain Industries Limited.

Company NameStatus
Rain Industries LimitedCurrent
Rain Commodities LimitedPrevious
Tadapatri Cements LimitedPrevious
Tadapatri Cement LimitedPrevious
Priyadharshini Cements LimitedPrevious

CIN history

Rain Industries has one previous CIN (Corporate Identification Number): L26942AP1974PLC001693. The current CIN is L26942TG1974PLC001693, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L26942TG1974PLC001693Current
L26942AP1974PLC001693Previous
Key People
Jagan Mohan Reddy Nellore Managing Director Brian Jude Mcnamara Director Varun Batra Director

Recognitions & Rankings of Rain Industries

Fortune India 500 2025 edition
Rank#183
Total income
₹15,498 Cr
Profit
₹-564 Cr
Last year #140
India's Most Valuable Companies 2021 edition · Source: Hurun India
Rank#383
Valuation
₹8,002 Cr

Contact details

Rain Industries Limited's registered office is in Hyderabad, Telangana. Its website is rain-industries.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    rain-industries.com
  • Registered Address
    Raincenter 34 Srinagarcolony, Hyderabad, Telangana, India – 500073
  • Industry
    Chemicals and Materials, Petrochemicals & Derivatives, Industrial Chemicals

To see the full contact details of Rain Industries Limited, buy the company report.

Comprehensive company report
Rain Industries 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Rain Industries operates one associated brand: Rain Industries. Each brand links to its own profile.

BrandDescriptionWebsite
Rain Industries
Calcined petroleum coke, coal tar, and specialty chemicals are produced.rain-industries.com

Financials of Rain Industries Limited

FY 2024-25 filings available

Rain Industries Limited reported revenue of ₹17,170 Cr (up 10.1% YoY) for FY 2024-25.

Financial Highlights

Dec 2025 · Consolidated
Revenue
₹17,170 Cr
+10.1% YoY
EBITDA
₹2,137 Cr
+67.8% YoY
Profit After Tax
₹42.47 Cr
+107.5% YoY
Net Worth
-
Total Assets
-
Total Debt
-

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income statement
Revenue17,17015,59418,14121,01114,52710,46512,361
Revenue growth+10.1%-14.0%-13.7%+44.6%+38.8%-15.3%-
EBITDA2,1371,2749333,5362,3601,6771,481
EBITDA margin+12.5%+8.2%+5.1%+16.8%+16.3%+16.0%+12.0%
Profit before tax435(226)(482)2,3271,276851591
Net profit42.47(565)(942)1,437561557386
Net profit margin+0.3%-3.6%-5.2%+6.8%+3.9%+5.3%+3.1%
EPS (₹)1.26(16.78)(27.89)42.7717.2516.6011.64
Balance sheet
Cash flow
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue5,1674,5214,3014,4764,4013,7683,6763,934
Revenue growth (YoY)+17.4%+20.0%+17.0%+13.8%+7.5%---
Other income33.0646.1350.5437.4127.5225.3236.7398.86
EBITDA964697501627629380346216
EBITDA margin+18.7%+15.4%+11.6%+14.0%+14.3%+10.1%+9.4%+5.5%
Depreciation245249254236225207237189
Interest251238232237228224227234
Profit before tax50125665.59191204(25.95)(81.90)(108)
Tax16097.9127.9161.0112189.1651.7947.25
Net profit34115837.6813082.99(115)(134)(155)
EPS (₹)8.813.610.403.151.80(4.09)(4.80)(5.33)
MetricsDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income statement
Revenue13114112454.0753.5547.6363.79
Revenue growth-7.7%+13.9%+129.6%+1.0%+12.4%-25.3%-
EBITDA12.26(0.53)(2.93)(9.22)(2.35)(2.57)(3.05)
EBITDA margin+9.4%-0.4%-2.4%-17.1%-4.4%-5.4%-4.8%
Profit before tax9.2643.8659.7232.3939.0734.6438.71
Net profit9.4438.9353.0427.7531.1527.3035.43
Net profit margin+7.2%+27.5%+42.7%+51.3%+58.2%+57.3%+55.5%
EPS (₹)0.281.161.580.820.930.811.05
Balance sheet
Cash flow
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue26.0841.5944.7724.5624.3136.9941.3142.67
Revenue growth (YoY)+7.3%+12.4%+8.4%-42.4%-20.1%---
Other income1.020.600.5510.810.851.1320.8439.22
Total expenses22.1637.4840.7420.0020.7536.8741.5542.58
EBITDA3.924.114.034.563.560.12(0.24)0.09
EBITDA margin+15.0%+9.9%+9.0%+18.6%+14.6%+0.3%-0.6%+0.2%
Depreciation0.150.150.150.140.140.140.170.18
Interest3.543.423.854.014.063.844.334.62
Profit before tax1.251.140.5811.220.21(2.73)16.1034.51
Tax0.040.02(0.05)(0.04)0.00(0.07)(0.04)4.97

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue5,1674,5214,3014,4764,4013,7683,6763,934
Revenue growth (YoY)+17.4%+20.0%+17.0%+13.8%+7.5%---
Other income33.0646.1350.5437.4127.5225.3236.7398.86
EBITDA964697501627629380346216
EBITDA margin+18.7%+15.4%+11.6%+14.0%+14.3%+10.1%+9.4%+5.5%
Depreciation245249254236225207237189
Interest251238232237228224227234
Profit before tax50125665.59191204(25.95)(81.90)(108)
Tax16097.9127.9161.0112189.1651.7947.25
Net profit34115837.6813082.99(115)(134)(155)
EPS (₹)8.813.610.403.151.80(4.09)(4.80)(5.33)
ParticularsDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Revenue17,17015,59418,14121,01114,52710,46512,361
Revenue growth+10.1%-14.0%-13.7%+44.6%+38.8%-15.3%-
Other income141248180105193456156
Total expenses15,03314,32017,20817,47512,1668,78710,880
Employee cost1,3191,4091,3261,3521,2371,2131,240
EBITDA2,1371,2749333,5362,3601,6771,481
EBITDA margin+12.5%+8.2%+5.1%+16.8%+16.3%+16.0%+12.0%
Depreciation922807776790798792594
Interest922941819524479491452
Profit before tax435(226)(482)2,3271,276851591
Tax299224314750583263128
Net profit42.47(565)(942)1,437561557386
Net profit margin+0.3%-3.6%-5.2%+6.8%+3.9%+5.3%+3.1%
EPS (₹)1.26(16.78)(27.89)42.7717.2516.6011.64
ParticularsDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Growth
Sales growth+10.1%-14.0%-13.7%+44.6%+38.8%-15.3%-
EBITDA growth+67.8%+36.5%-73.6%+49.8%+40.7%+13.3%-
PBT growth+9998.0%+53.2%-+82.3%+50.0%+44.1%-40.7%
Net income growth+107.5%+40.0%-165.6%+156.1%+0.7%+44.4%-
Revenue CAGR (3Y)-6.5%+2.4%+20.1%+19.3%+1.1%-2.5%+10.1%
EBITDA CAGR (3Y)-15.5%-18.6%-17.8%+33.7%+6.3%-7.1%-0.5%
Profitability & leverage
Net income margin+0.8%-2.9%-4.4%+7.5%+4.8%+5.6%+3.7%
Return on capital employed+7.9%+4.3%+1.9%+16.3%+11.0%+8.9%+7.6%
Return on net worth+1.9%-6.4%-10.1%+21.7%+11.9%+11.2%+9.7%
Debt / equity1.301.231.171.251.491.591.63
Long-term debt / equity1.051.051.011.101.361.461.52
Interest cover75.83201.44522.1719.0830.6655.3951.02
Efficiency & per share
Fixed asset turnover0.920.911.091.371.030.821.10
Inventory turnover5.145.014.725.987.096.296.01
Debtors turnover9.088.007.7810.0210.419.539.12
EPS (₹)1.26(16.78)(27.89)42.7717.2516.6011.64
Dividend per share (₹)1.001.001.001.001.001.001.00
Book value per share (₹)221.47197.35218.30250.54181.64164.52147.46
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue26.0841.5944.7724.5624.3136.9941.3142.67
Revenue growth (YoY)+7.3%+12.4%+8.4%-42.4%-20.1%---
Other income1.020.600.5510.810.851.1320.8439.22
Total expenses22.1637.4840.7420.0020.7536.8741.5542.58
EBITDA3.924.114.034.563.560.12(0.24)0.09
EBITDA margin+15.0%+9.9%+9.0%+18.6%+14.6%+0.3%-0.6%+0.2%
Depreciation0.150.150.150.140.140.140.170.18
Interest3.543.423.854.014.063.844.334.62
Profit before tax1.251.140.5811.220.21(2.73)16.1034.51
Tax0.040.02(0.05)(0.04)0.00(0.07)(0.04)4.97
ParticularsDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Revenue13114112454.0753.5547.6363.79
Revenue growth-7.7%+13.9%+129.6%+1.0%+12.4%-25.3%-
Other income13.3363.9779.2050.3050.1449.9961.02
Total expenses11814212763.2955.9050.2066.84
Employee cost36.7436.3232.1727.3521.4418.3118.72
EBITDA12.26(0.53)(2.93)(9.22)(2.35)(2.57)(3.05)
EBITDA margin+9.4%-0.4%-2.4%-17.1%-4.4%-5.4%-4.8%
Depreciation0.570.730.590.670.620.640.59
Interest15.7618.8515.968.028.1012.1418.67
Profit before tax9.2643.8659.7232.3939.0734.6438.71
Tax(0.18)4.906.664.647.927.343.28
Net profit9.4438.9353.0427.7531.1527.3035.43
Net profit margin+7.2%+27.5%+42.7%+51.3%+58.2%+57.3%+55.5%
EPS (₹)0.281.161.580.820.930.811.05
ParticularsDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Growth
Sales growth-7.7%+13.9%+129.6%+1.0%+12.4%-25.3%-
EBITDA growth+2413.2%+81.9%+68.2%-292.3%+8.6%+15.7%-
PBT growth-78.9%-26.6%+84.4%-17.1%+12.8%-10.5%-49.9%
Net income growth-75.8%-26.6%+91.1%-10.9%+14.1%-23.0%-
Revenue CAGR (3Y)+34.2%+38.2%+37.6%-5.4%-20.2%-7.2%+12.5%
EBITDA CAGR (3Y)--39.1%+4.5%+44.6%-28.1%+0.4%-1.6%
Profitability & leverage
Net income margin+7.2%+27.5%+42.7%+51.3%+58.2%+57.3%+55.5%
Return on capital employed+2.3%+5.6%+6.8%+3.7%+4.1%+3.8%+4.6%
Return on net worth+1.0%+4.2%+5.8%+3.1%+3.4%+3.0%+3.9%
Debt / equity0.190.210.210.200.260.340.37
Long-term debt / equity0.080.120.120.080.110.180.33
Interest cover134.82-1,496.03-453.41-81.09-272.73-378.19-512.91
Efficiency & per share
Fixed asset turnover11.0111.8210.524.724.944.836.51
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover8.528.328.853.744.829.783.38
EPS (₹)0.281.161.580.820.930.811.05
Dividend per share (₹)1.001.001.001.001.001.001.00
Book value per share (₹)26.8727.5927.4326.8627.0327.1027.28

To see the full year-wise statements and ratios of Rain Industries Limited, buy the company report.

Board of directors of Rain Industries Limited

Rain Industries has 7 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Brian Jude Mcnamara
Also directs: Rain Cii Carbon (Vizag) Limited, Rain Cements Limited
Director28 Feb 20197 Years 7 MonthsCurrent
Varun Batra
Also directs: Baring Private Equity India Advisors LLP, Baring Private Equity India Investment Managers LLP, Proklean Technologies Private Limited and 4 more
Director28 Feb 20188 Years 7 MonthsCurrent
Robert Thomas Tonti
Also directs: Rain Cii Carbon (Vizag) Limited
Director31 Oct 20214 Years 11 MonthsCurrent
Sujith Kumarreddy Nellore
Also directs: Rain Cements Limited, Renuka Cement Limited, Pragnya Priya Foundation and 5 more
Director22 Mar 199234 Years 7 MonthsCurrent
Radhakrishna Reddy Nellore
Also directs: Rain Cements Limited, Renuka Cement Limited, Pragnya Priya Foundation and 3 more
Director02 Jan 198442 Years 9 MonthsCurrent
Jagan Mohan Reddy Nellore
Also directs: Rain Cii Carbon (Vizag) Limited, Rain Cements Limited, Renuka Cement Limited and 3 more
Managing Director10 Nov 201510 Years 11 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Auditor

Rain Industries Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
S.R. Batliboi & Associates LLPFY 2023101049W/E300004

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 41.40%, foreign institutional investors hold 8.00%, domestic institutional investors hold 3.00% and retail and other public shareholders hold 47.60%.

Promoters: 41.40%DII (Domestic Institutional): 3.00%FII (Foreign Institutional): 8.00%Retail & Others: 47.60%
Sep 2026
QUARTER
41.40% Promoters
3.00% DII (Domestic Institutional)
8.00% FII (Foreign Institutional)
47.60% Retail & Others
Promoter holding - history
Now 41.40% · Sep 2026High 41.40% · Jun 2026Low 41.20% · Dec 2025
40%40.8%41.5%42.3%43%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 41.20%Mar 2026: 41.20%Jun 2026: 41.40%Sep 2026: 41.40%41.40%41.20%41.40%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters41.40%41.40%41.20%41.20%
Public58.60%58.60%58.80%58.80%

Charges & borrowings

Open charges
₹185 Cr
Satisfied charges
₹5,071.61 Cr
Breakdown by lending institutions
Others₹180.00 Cr
Industrial Reconstruction Bank of India₹5.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
28 Nov 2025101194770Others₹170 CrOpen
09 Sep 2024100975718Others₹10 CrOpen
27 Feb 199690115278Industrial Reconstruction Bank of India₹5 CrOpen
21 Nov 2023100820565Others₹170 CrSatisfied
30 Aug 2023100777598Others₹34.83 CrSatisfied

To see the full charge records of Rain Industries Limited, buy the company report.

Total charge records: 71 View all charges

Credit ratings & regulatory alerts

Rain Industries Limited was last rated by Indiarating on 28 Oct 2021.

Rating agencyRated onRating
Indiarating28 Oct 2021

To see the full credit ratings and regulatory alerts of Rain Industries Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Rain Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

Rain Industries has 4 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

4
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Rain Cii Carbon (Vizag) LimitedU11100TG2008PLC058785
Rain Verticals LimitedU19109TG2021PLC150325
Rain Cements LimitedU23209TG1999PLC031631
Renuka Cement LimitedU26942TG1996PLC025831

To see the full group structure of Rain Industries Limited, buy the company report.

Employees & EPFO

Rain Industries Limited has a workforce of 178 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.

Employee count
178
Active EPFO establishments
1
Employee growth
9.88%

GST

Rain Industries has 3 GST registrations: 2 active and 1 cancelled or inactive.

Total GSTINs
3
Active
2
Cancelled / inactive
1
GSTINStateStatusRegistered on
36AABCP2276K1Z8TelanganaActive01 Jul 2017
37AABCP2276K2Z5Andhra PradeshActive22 Dec 2022

To see the full GST registrations and return filing status of Rain Industries Limited, buy the company report.

Recent activity

Rain Industries Limited has 38 board changes on record since 1984: 23 appointments and 15 cessations. The latest: Radhika Vijay Haribhakti ceased to be Director on 11 Jun 2023.

AGM
Rain Industries Limited last Annual general meeting of members was held on 12 May 2026 as per latest MCA records.
Filing
Rain Industries Limited has filed its annual Financial statements for the year ended 31 Dec 2025 with Roc Hyderabad.
Charges
A charge with Others of Rs. 170.00 Cr registered on 28 Nov 2025 with Charge ID 101194770 was modified on 24 Dec 2025.
Charges
A charge registered on 21 Nov 2023 via Charge ID 100820565 with Others was fully satisfied on 16 Dec 2025.
Charges
A charge with Others amounted to Rs. 170.00 Cr with Charge ID 101194770 was registered on 28 Nov 2025.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100975718 was registered on 09 Sep 2024.
Charges
A charge with Others of Rs. 170.00 Cr registered on 21 Nov 2023 with Charge ID 100820565 was modified on 20 Jan 2024.
Charges
A charge registered on 26 Nov 2021 via Charge ID 100510412 with Citi Bank N.A. was fully satisfied on 04 Dec 2023.
Charges
A charge with Others amounted to Rs. 170.00 Cr with Charge ID 100820565 was registered on 21 Nov 2023.
Charges
A charge registered on 30 Aug 2023 via Charge ID 100777598 with Others was fully satisfied on 03 Nov 2023.
Charges
A charge with Others amounted to Rs. 34.83 Cr with Charge ID 100777598 was registered on 30 Aug 2023.
Ceased
Radhika Vijay Haribhakti ceased to be Director.

195 earlier events are in the company report.

News

Frequently asked questions

Rain Industries is an active public limited company based in Hyderabad, Telangana, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 15 March 1974 (52+ years old) and is registered under CIN L26942TG1974PLC001693. Listed on BSE: 500339 and NSE: RAIN.

Rain Industries reported revenue of ₹17,170 Cr for FY 2024-25 (up 10.1% YoY) based on consolidated financials.

Rain Industries has 7 current directors:

The latest financial statements of Rain Industries on record with the MCA are for the year ended 31 December 2025. Its last annual general meeting was held on 12 May 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Rain Industries is 36AABCP2276K1Z8, registered in Telangana. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 37AABCP2276K2Z5 (Andhra Pradesh).

The CIN (Corporate Identification Number) of Rain Industries is L26942TG1974PLC001693. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Rain Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 500339) and NSE (symbol: RAIN).

Rain Industries has 117 court cases on record: 89 filed by the company and 28 filed against it. 16 are pending. Most are in the high courts.

Rain Industries was incorporated on 15 March 1974, making it 52+ years old. It is registered with the Registrar of Companies, Hyderabad.

Radhika Vijay Haribhakti ceased to be Director on 11 Jun 2023. Nirmala Reddy ceased to be Director on 28 Feb 2023. Shanti Sree Bolleni was appointed as Director on 28 Feb 2023. Rain Industries has 38 board changes on record in total.