About Rainbow Papers Limited
Data last updated:
Rainbow Papers Limited was a public limited company based in Ahmedabad, Gujarat, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the paper and packaging products segment of the manufacturing sector. It was incorporated on 04 July 1986.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L21010GJ1986PLC008772. The company has 2 GST registrations on record, none of which is active. Its shares are listed on BSE: 523523.
The company had an authorised share capital of ₹40 Cr and a paid-up capital of ₹21.24 Cr. It was led by directors including Ajaykumar Radheshyam Goenka (Managing Director) and Rahul Jamnaprasad Maheshwari (Whole-Time Director).
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 801 Avdesh House 8th Floor Opp Guru Gobind Gurudwara Gandhinagar – Sarkhej Highway, Ahmedabad, Gujarat, India – 380054.
As per the financials filed for FY 2018, the company reported a revenue of ₹29.82 Lakh, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹198.72 Cr and EBITDA of -₹87.59 Cr. Revenue has declined at a compounded annual rate (CAGR) of 92% over three years and 78% over five years.
The company has about 944 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Rainbow Papers. As per MCA filings, the company has satisfied charges of ₹1,753.77 Cr on record. Court records list 565 cases involving the company, including 51 filed by the company and 505 filed against it; 23 cases are pending. The company has 49 deals on record (45 market trades, 2 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹276.01 Cr; the latest was in May 2016. Its 10 peer companies in the Manufacturing industry (Paper) are compared by revenue, 5 larger and 5 smaller; the largest is Vaithieswara Papers and Boards Private Limited with revenue of ₹54.55 Cr.
The last known website on record is rainbowpapers.com.
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- Website
- Social MediaLocked
- Registered Address801 Avdesh House 8th Floor Opp Guru Gobind Gurudwara Gandhinagar – Sarkhej Highway, Ahmedabad, Gujarat, India – 380054
- IndustryManufacturing, Paper & Packaging Products
- 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
- One PDF report, delivered after checkout
Business Activity of Rainbow Papers Limited
The main business activity of Rainbow Papers is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Rainbow Papers Limited FY 2018 filings available
Rainbow Papers Limited reported revenue of ₹29.82 Lakh (down 99% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR) of Rainbow Papers Limited
Revenue has declined at a compounded annual rate (CAGR) of 78% over five years, including a 99% fall 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 of Rainbow Papers Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | ₹29.82 Lakh | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | -₹87.59 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹198.72 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 of Rainbow Papers Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Rainbow Papers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Rainbow Papers Limited
Rainbow Papers Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Paper). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vaithieswara Papers and Boards Private Limited | ₹54.55 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | Tiruppur, Tamil Nadu, India |
| Craft Corner Paper Mills Limited | ₹53.87 Cr (FY 2023) | •••• | •••• | -17.0% | •••• | Mumbai, Maharashtra, India |
| Yash Paper Pioneers Private Limited | ₹53.82 Cr (FY 2025) | •••• | •••• | 163.0% | •••• | Pune, Maharashtra, India |
| Sunlight Pulp & Paper Private Limited | ₹53.73 Cr (FY 2022) | •••• | •••• | 732.0% | •••• | Anand, Gujarat, India |
| Cson Paper Mills Private Limited | ₹53.12 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Muvattupuzha, Kerala, India |
| Mbee Paper Prints Private Limited | ₹52.43 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Mumbai, Maharashtra, India |
| Navdurga Pulp and Paper Mills India Private Limited | ₹52.2 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Raipur, Chhattisgarh, India |
| Perfect Coated Papers India Private Limited | ₹52.09 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Coimbatore, Tamil Nadu, India |
| Calcutta Paper Industries Private Limited | ₹51.85 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Kolkata, West Bengal, India |
| Jabali Papers Limited | ₹51.82 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Delhi, India |
| Rainbow Papers Limited this company | ₹29.82 Lakh (FY 2018) | •••• | •••• | -99.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Rainbow Papers by revenue in the Manufacturing industry (Paper), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Rainbow Papers Limited
Rainbow Papers Limited is audited by MEHTA LODHA & CO for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MEHTA LODHA & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Rainbow Papers Limited
Rainbow Papers Limited currently reports 6 directors and 1 key managerial person. 15 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhilash Khimabhai Shakya Also directs: Red Cherry Engineering Private Limited, Mecarte Global Services Private Limited, Adore Broking Private Limited and 1 more | Director | 30 Dec 2015 | 10 Years 9 Months | As last reported |
| Shashikant Natverlal Thakar Also directs: Aanya Suppliers Private Limited, Deepnav Investment Pvt Ltd, Mahishmati Investment Private Limited and 1 more | Company Secretary | 16 Jan 2016 | 10 Years 8 Months | As last reported |
| Rahul Jamnaprasad Maheshwari Also directs: Avion Papers LLP | Whole-Time Director | 30 Aug 2011 | 15 Years 1 Months | As last reported |
| Ajaykumar Radheshyam Goenka | Managing Director | 21 Aug 2008 | 18 Years 1 Months | As last reported |
| Indrasinh Becharsinh Zala | Director | 12 Aug 2015 | 11 Years 1 Months | As last reported |
| Kantibhai Hirabhai Patel | Director | 12 Aug 2010 | 16 Years 1 Months | As last reported |
Ownership and Shareholding of Rainbow Papers Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Rainbow Papers Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Apr 2015 | Indian Overseas Bank | ₹5 Cr | Satisfied |
| 22 Oct 2014 | Axis Bank Limited | ₹9 Cr | Satisfied |
| 09 Oct 2014 | Indian Overseas Bank | ₹5 Cr | Satisfied |
| 25 Sep 2014 | Axis Bank Limited | ₹34.25 Cr | Satisfied |
| 30 Jun 2014 | Indian Overseas Bank | ₹5 Cr | Satisfied |
Total charge records: 51 View all charges
Deals & Funding of Rainbow Papers Limited
Rainbow Papers Limited has 49 deals on record (45 market trades, 2 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹276.01 Cr; the latest was in May 2016.
Deals on record (5 of 49)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2016 | Market trade | ₹2.04 Cr | Buyer: Vraj Enterprises, an individual Seller: Finquest Financial Solutions Private Limited |
| Oct 2014 | Market trade | ₹16.65 Cr | Buyer: Mangal Keshav Capital Limited Seller: BDR Securities Limited |
| Jun 2013 | Market trade | ₹3.85 Cr | Buyer: Devkant Synthetics (India) Private Limited Seller: an individual |
| Jun 2013 | Market trade | ₹3.85 Cr | Buyer: Devkant Synthetics (India) Private Limited Seller: an individual |
| May 2013 | Market trade | ₹9.07 Cr | Buyer: BDR Securities Limited Seller: Man Industries (India) Limited |
Full deal history
All 49 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Rainbow Papers Limited
Rainbow Papers Limited has 565 court cases on record: 51 filed by Rainbow Papers, 505 filed against it, 9 where it is another party. 23 cases are pending and 542 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 519 | 480 | 8 |
| High courts | 40 | 19 | 14 |
| Supreme Court | 3 | 3 | 0 |
| NCLAT | 3 | 3 | 1 |
Cases on record (5 of 565)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, GANDHINAGAR, Gujarat | Commercial matter | Filed against the company by Uttar Gujarat Vij Company Limited | Pending |
| Bombay High Court | Writ petition | Filed by the company against Ifci Limited | Pending |
| District court, GANDHINAGAR, Gujarat | Commercial matter | Filed against the company by Uttar Gujarat Vij Company Limited | Disposed |
| NCLAT, New Delhi | Insolvency matter | Filed against the company by Kushal Limited and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Trident Creation Private Limited | Disposed |
Full case history
All 565 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Rainbow Papers Limited
Rainbow Papers operates one associated brand: Rainbow Papers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer & supplier of recycled paper & paper product | rainbowpapers.com |
Employees and EPFO Compliance at Rainbow Papers Limited
Rainbow Papers Limited has a workforce of 944 employees as of Mar 27, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Rainbow Papers Limited
Rainbow Papers has one previous CIN (Corporate Identification Number): U21010GJ1986PLC008772. The current CIN is L21010GJ1986PLC008772, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L21010GJ1986PLC008772 | Current |
| U21010GJ1986PLC008772 | Previous |
News related to Rainbow Papers Limited
Recent Activity on Rainbow Papers Limited
Rainbow Papers Limited has 37 board changes on record since 1990: 22 appointments and 15 cessations. The latest: Runel Umang Rathi ceased to be Company Secretary on 16 Jan 2016.
142 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Rainbow Papers Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Rainbow Papers Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Rainbow Papers Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Rainbow Papers Limited
Rainbow Papers has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Rainbow Papers Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Rainbow Papers Limited
Rainbow Papers has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Rainbow Papers was a public limited company based in Ahmedabad, Gujarat, India. The company worked in paper and packaging products, within the manufacturing industry. It was incorporated on 04 July 1986 and is registered under CIN L21010GJ1986PLC008772. Listed on BSE: 523523. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Rainbow Papers is L21010GJ1986PLC008772. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rainbow Papers had 7 directors and KMP:
- Ajaykumar Radheshyam Goenka - Managing Director
- Rahul Jamnaprasad Maheshwari - Whole-Time Director
- Abhilash Khimabhai Shakya - Director
- Indrasinh Becharsinh Zala - Director
- Kantibhai Hirabhai Patel - Director
- Aanal Nandik Trivedi - Director
- Shashikant Natverlal Thakar - Company Secretary
Yes. Rainbow Papers is listed on BSE with code 523523.
Rainbow Papers was incorporated on 04 July 1986. It is registered with the Registrar of Companies, Ahmedabad.
Rainbow Papers can be reached through the website rainbowpapers.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Rainbow Papers is at 801 Avdesh House 8th Floor Opp Guru Gobind Gurudwara Gandhinagar – Sarkhej Highway, Ahmedabad, Gujarat, India – 380054.
Rainbow Papers reported revenue of ₹29.82 Lakh for FY 2018 (down 99% YoY).
Rainbow Papers has an authorised share capital of ₹40 Cr and a paid-up capital of ₹21.24 Cr.
Rainbow Papers reported a net loss of ₹198.72 Cr and EBITDA of -₹87.59 Cr for FY 2018, as per its filed financial statements.