About Raine Industries and Engineering Private Limited
Data last updated:
Raine Industries and Engineering Private Limited is a private limited company based in Bhonagiri, Telangana, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 11 March 2013.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U51100TG2013PTC086240. Its GSTIN is 36AAGCR3134F1ZL (Telangana).
The company has an authorised share capital of ₹6.5 Cr and a paid-up capital of ₹6.5 Cr. It was formerly known as Raine Aluminium Private Limited. It is led by directors including Natarj Srinivas Sandeep Pothureddy and Muralikrishna Prasad Kalavakolanu (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Sy No.156 Chinnaravulpally(V) Bibi Nagar(M) Yadadri Bhonagiri(D), Telangana, India – 508124.
As per the financials filed for FY 2022, the company reported a revenue of ₹32.14 Lakh, a decline of 85% compared to the previous year. For the same year it recorded a net loss of ₹1.06 Cr (net margin -329.4%) and EBITDA of ₹2.24 Lakh (EBITDA margin 7%). Revenue has declined at a compounded annual rate (CAGR) of 82% over three years and 56% over five years.
The company has about 16 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹20.16 Cr and satisfied charges of ₹8.55 Cr on record. Court records list 37 cases involving the company, including 16 filed by the company and 21 filed against it; 8 cases are pending.
The last known website on record is ralloy.in.
Company details
CIN history
Raine Industries and Engineering has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U51100TG2013PTC086240, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51100TG2013PTC086240 | Current |
| U27100AP2013PTC086240 | Previous |
| U27100TG2013PTC086240 | Previous |
Contact details
Raine Industries and Engineering Private Limited's registered office is in Bhonagiri, Telangana. Its website is ralloy.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSy No.156 Chinnaravulpally(V) Bibi Nagar(M) Yadadri Bhonagiri(D), Telangana, India – 508124
- IndustryMetals and Minerals, Metal Manufacturing & Processing
To see the full contact details of Raine Industries and Engineering 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 Raine Industries and Engineering 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 Raine Industries and Engineering Private Limited, buy the company report.
Financials of Raine Industries and Engineering Private Limited
FY 2022 filings availableRaine Industries and Engineering Private Limited reported revenue of ₹32.14 Lakh (down 85% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 56% over five years, including a 85% fall in the latest year. EBITDA rose 100% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹32.14 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.24 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.06 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7% | ||||
| Net Profit Margin | -329.4% | ||||
| 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 Raine Industries and Engineering Private Limited, buy the company report.
Board of directors of Raine Industries and Engineering Private Limited
Raine Industries and Engineering has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Natarj Srinivas Sandeep Pothureddy Also directs: Sakira Trading and Brokerage (OPC) Private Limited | Director | 11 Mar 2013 | 13 Years 7 Months | As last reported |
| Pothureddy Ramesh Babu | Additional Director | 18 Mar 2020 | 6 Years 7 Months | As last reported |
| Muralikrishna Prasad Kalavakolanu Also directs: Winwin Speciality Insulators Limited | Irp/Rp/Liquidator | 22 Mar 2025 | 1 Years 7 Months | As last reported |
Peer comparison
Raine Industries and Engineering Private Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Metals), 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 |
|---|---|---|---|---|---|---|
| Malabar Extrusion Equipments and Spares Private Limited | ₹32.29 Lakh (FY 2025) | -16.0% | Ernakulam, Kerala, India | |||
| Azad Metals Private Limited | ₹32.22 Lakh (FY 2025) | -56.0% | Patran, Punjab, India | |||
| Raine Industries and Engineering Private Limitedthis company | ₹32.14 Lakh (FY 2022) | -₹1.06 Cr | -329.4% | -85.0% | Bhonagiri, Telangana, India | |
| Shreyas Fabrication Private Limited | ₹31.99 Lakh (FY 2024) | -23.0% | Pudukottai, Tamil Nadu, India | |||
| Steelcult Av Industries Private Limited | ₹31.87 Lakh (FY 2024) | Faridabad, Haryana, India |
To see the full peer comparison of Raine Industries and Engineering Private Limited, buy the company report.
Auditor
Raine Industries and Engineering Private Limited is audited by J MADHAVA RAO & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J MADHAVA RAO & CO | FY 2022 | 015119S |
Shareholding
The shareholding of Raine Industries and Engineering Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Raine Industries and Engineering Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 May 2018 | 100179181 | Others | ₹26.24 Lakh | Open | |
| 30 Dec 2017 | 100145539 | Others | ₹12.26 Lakh | Open | |
| 30 Aug 2017 | 100121068 | Hdfc Bank Limited | ₹19.68 Cr | Open | |
| 29 Apr 2017 | 100100365 | Others | ₹9.2 Lakh | Open | |
| 03 Dec 2016 | 100082493 | Others | ₹7 Cr | Satisfied |
To see the full charge records of Raine Industries and Engineering Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Raine Industries and Engineering Private Limited has 37 court cases on record: 16 filed by Raine Industries and Engineering, 21 filed against it. 8 cases are pending and 29 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 25 | 16 | 7 |
| High courts | 9 | 2 | 1 |
| NCLAT | 2 | 2 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 37)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Neogrowth Credit Pvt. Ltd. | Pending |
| District court, Jaipur Metro I, Rajasthan | Court case (Complaint) | Filed against the company by Shri Ram City Union Finance Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Nualco Private Limited | Disposed |
| High Court, TELANGANA | Writ petition | Filed by the company against HDFC Bank Ltd., and 2 others | Disposed |
To see the full case history of Raine Industries and Engineering 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
No delayed payments to MSME suppliers are on our record for Raine Industries and Engineering Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Raine Industries and Engineering has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAGCR3134F1ZL | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Raine Industries and Engineering Private Limited, buy the company report.
Recent activity
Raine Industries and Engineering Private Limited has 9 board changes on record since 2013: 3 appointments and 6 cessations. The latest: Muralikrishna Prasad Kalavakolanu was appointed as Irp/Rp/Liquidator on 22 Mar 2025.
10 earlier events are in the company report.
Frequently asked questions
Raine Industries and Engineering is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Raine Industries and Engineering is a company under insolvency, formerly operating as a private limited company based in Bhonagiri, Telangana, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 11 March 2013 and is registered under CIN U51100TG2013PTC086240. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Raine Industries and Engineering has 3 current directors:
- Natarj Srinivas Sandeep Pothureddy - Director
- Pothureddy Ramesh Babu - Additional Director
- Muralikrishna Prasad Kalavakolanu - Irp/Rp/Liquidator
The latest financial statements of Raine Industries and Engineering on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Raine Industries and Engineering is U51100TG2013PTC086240. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raine Industries and Engineering has open charges of ₹20.16 Cr and satisfied charges of ₹8.55 Cr as per latest MCA filings.
Raine Industries and Engineering has 37 court cases on record: 16 filed by the company and 21 filed against it. 8 are pending. Most are in the district courts.
Raine Industries and Engineering was incorporated on 11 March 2013. It is registered with the Registrar of Companies, Hyderabad.
The peers of Raine Industries and Engineering by revenue are Malabar Extrusion Equipments and Spares Private Limited, Azad Metals Private Limited, Shreyas Fabrication Private Limited, Steelcult Av Industries Private Limited, all in the Metals and Minerals industry (Metals), with the same principal business activity (metal and metal products).
Muralikrishna Prasad Kalavakolanu was appointed as Irp/Rp/Liquidator on 22 Mar 2025. Ramesh Atluri ceased to be Irp/Rp/Liquidator on 22 Mar 2025. Gandikota Ramalingesh ceased to be Additional Director on 20 Apr 2020. Raine Industries and Engineering has 9 board changes on record in total.
Raine Industries and Engineering can be reached through the website ralloy.in. Its registered office is in Bhonagiri, Telangana, India.