About Raki Avenues Private Limited
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Raki Avenues Private Limited is a private limited company based in Rajahmundry, Andhra Pradesh, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 25 August 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U70100AP2014PTC095143. Its GSTIN is 37AAHCR0104J1ZL (Andhra Pradesh).
The company has an authorised share capital of ₹4.8 Cr and a paid-up capital of ₹3.32 Cr. It is led by directors including Venu Ramaiah (Managing Director) and Chandrakantha Venu.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Plot No : 28 Behind Gail Office Balaramakrishnam A.V. Apparao Road, Rajahmundry, Andhra Pradesh, India – 533103.
As per the financials filed for FY 2020, the company reported a revenue of ₹42.67 Cr, a decline of 49% compared to the previous year. For the same year it recorded a net profit of ₹69.9 Lakh (net margin 1.6%) and EBITDA of ₹1.86 Cr (EBITDA margin 4.4%). Revenue has grown at a compounded annual rate (CAGR) of 99% over three years and 387% over five years.
The company has about 62 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5 Cr and satisfied charges of ₹5.9 Cr on record. Court records list 8 cases involving the company, including 8 filed against it; 3 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 rakiavenues.com.
Company details
Contact details
Raki Avenues Private Limited's registered office is in Rajahmundry, Andhra Pradesh. Its website is rakiavenues.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No : 28 Behind Gail Office Balaramakrishnam A.V. Apparao Road, Rajahmundry, Andhra Pradesh, India – 533103
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Raki Avenues 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
Financials of Raki Avenues Private Limited
FY 2020 filings availableRaki Avenues Private Limited reported revenue of ₹42.67 Cr (down 49% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 49% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 387%. EBITDA fell 50% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹42.67 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.86 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹69.9 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.4% | ||||
| Net Profit Margin | 1.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Raki Avenues Private Limited, buy the company report.
Board of directors of Raki Avenues Private Limited
Raki Avenues 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 |
|---|---|---|---|---|
| Ragini Venu Also directs: Perimeter Ventures LLP | Additional Director | 01 Apr 2019 | 7 Years 6 Months | Current |
| Venu Ramaiah Also directs: V K Farms & Resorts Private Limited | Managing Director | 25 Aug 2014 | 12 Years 2 Months | Current |
| Chandrakantha Venu | Director | 25 Aug 2014 | 12 Years 2 Months | Current |
Auditor
Raki Avenues Private Limited is audited by V SESHAGIRI & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V SESHAGIRI & CO | FY 2020 | 050005S |
Shareholding
The shareholding of Raki Avenues Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | 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 Raki Avenues Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jun 2020 | 100363028 | Others | ₹5 Cr | Open | |
| 25 Oct 2017 | 100139583 | State Bank of India | ₹3.6 Cr | Satisfied | |
| 20 Dec 2016 | 100075336 | State Bank of India | ₹2.3 Cr | Satisfied |
To see the full charge records of Raki Avenues Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Raki Avenues Private Limited has 8 court cases on record: 8 filed against it. 3 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 8 | 3 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Krishna, Andhra Pradesh | Criminal complaint | Filed against the company by M/S. HDFC Bank Ltd., | Disposed |
| District court, East Godavari, Andhra Pradesh | Execution petition | Filed against the company by an individual | Pending |
| District court, East Godavari, Andhra Pradesh | Civil suit | Filed against the company by individuals | Pending |
| District court, Paschim Medinpur, West Bengal | Criminal complaint | Filed against the company by an individual | Pending |
| District court, Visakapatnam, Andhra Pradesh | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Raki Avenues 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 Raki Avenues Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Raki Avenues Private Limited has a workforce of 62 employees on its EPFO records as of Apr 06, 2024, across 2 active EPFO establishments.
GST
Raki Avenues has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAHCR0104J1ZL | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Raki Avenues Private Limited, buy the company report.
Recent activity
Raki Avenues Private Limited has 4 board changes on record since 2014: 3 appointments and 1 cessation. The latest: Ragini Venu was appointed as Additional Director on 01 Apr 2019.
Frequently asked questions
Raki Avenues is an active private limited company based in Rajahmundry, Andhra Pradesh, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 25 August 2014 (12+ years old) and is registered under CIN U70100AP2014PTC095143.
Raki Avenues has 3 current directors:
- Venu Ramaiah - Managing Director
- Ragini Venu - Additional Director
- Chandrakantha Venu - Director
The latest financial statements of Raki Avenues on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Raki Avenues is 37AAHCR0104J1ZL, registered in Andhra Pradesh.
The CIN (Corporate Identification Number) of Raki Avenues is U70100AP2014PTC095143. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raki Avenues has 8 court cases on record: 8 filed against it. 3 are pending.
Raki Avenues was incorporated on 25 August 2014, making it 12+ years old. It is registered with the Registrar of Companies, Vijayawada.
Ragini Venu was appointed as Additional Director on 01 Apr 2019. Venu Ramaiah ceased to be Director on 13 Oct 2014. Chandrakantha Venu was appointed as Director on 25 Aug 2014. Raki Avenues has 4 board changes on record in total.
Raki Avenues can be reached through the website rakiavenues.com. Its registered office is in Rajahmundry, Andhra Pradesh, India.
The registered office of Raki Avenues is at Plot No : 28 Behind Gail Office Balaramakrishnam A.V. Apparao Road, Rajahmundry, Andhra Pradesh, India – 533103.