MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0028598
Rameswar Udyog Private Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹388.47 Cr
▼ 22% YoY
Net profit · FY 2025
₹2.66 Cr
Net margin 0.7%
EBITDA · FY 2025
₹15.18 Cr
EBITDA margin 3.9%
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹4.5 Cr
Issued & subscribed
Open charges
₹265.13 Cr
Satisfied ₹73.36 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
156
Provident fund records
About Rameswar Udyog Private Limited
Data last updated:
Rameswar Udyog Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 18 November 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U15311GJ1996PTC066626. Its GSTIN is 24AABCR2011A1ZF (Gujarat). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹4.5 Cr. It is led by directors Harsh Ajitsaria and Dipesh Ranjeet Mitra.
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 404 Balleshwar Square 4th Floor S.G. Road Opposite – Isckon Temple, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2025, the company reported a revenue of ₹388.47 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹2.66 Cr (net margin 0.7%) and EBITDA of ₹15.18 Cr (EBITDA margin 3.9%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 1% over five years.
The company has about 156 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Rameswar Udyog. As per MCA filings, the company has open charges of ₹265.13 Cr and satisfied charges of ₹73.36 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 29 deals on record (25 secondary share transfers, 4 funding rounds), with disclosed funding of ₹8.62 Cr; the latest was in March 2024. Its 7 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 4 larger and 3 smaller; the largest is Darshan Creation Private Limited with revenue of ₹394.35 Cr. The company has 2 MSME Form 1 returns on record between 2018 and 2019, listing 3 overdue payments to 2 micro and small suppliers.
Rameswar Udyog Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0028598). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rameswar.com.
Company details
CIN U15311GJ1996PTC066626
Registration Number 066626
Incorporation Date 18 November 1996
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 22 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0028598
CIN history
Rameswar Udyog has one previous CIN (Corporate Identification Number): U15311WB1996PTC082041. The current CIN is U15311GJ1996PTC066626, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15311GJ1996PTC066626 | Current |
| U15311WB1996PTC082041 | Previous |
Recognitions & Rankings of Rameswar Udyog
Contact details
Rameswar Udyog Private Limited's registered office is in Ahmedabad, Gujarat. Its website is rameswar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address404 Balleshwar Square 4th Floor S.G. Road Opposite – Isckon Temple, Ahmedabad, Gujarat, India – 380015
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Rameswar Udyog Private Limited, buy the company report.
Comprehensive company report
Rameswar Udyog Private 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
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Brands
Rameswar Udyog operates one associated brand: Rameswar Udyog. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Textile manufacturing, including yarn and workwear, along with flour milling and aluminium trading in India. | rameswar.com |
Business activity
The main business activities of Rameswar Udyog are manufacturing and trade. In detail, this covers textile, leather and other apparel products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Rameswar Udyog Private Limited, buy the company report.
Financials of Rameswar Udyog Private Limited
FY 2025 filings availableRameswar Udyog Private Limited reported revenue of ₹388.47 Cr (down 22% YoY) for FY 2025.
Revenue · FY 2025
₹388.47 Cr ▼ 22%
Net profit · FY 2025
₹2.66 Cr margin 0.7%
EBITDA · FY 2025
₹15.18 Cr margin 3.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 22%
3 years · compounded
▼ 13%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▲ 3%
3 years · compounded
▼ 28%
5 years · compounded
▼ 7%
Revenue fell 22% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA rose 3% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹15.18 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.66 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.9% | ||||
| Net Profit Margin | 0.7% | ||||
| 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 Rameswar Udyog Private Limited, buy the company report.
Board of directors of Rameswar Udyog Private Limited
Rameswar Udyog has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harsh Ajitsaria | Director | 09 Feb 1998 | 28 Years 9 Months | Current |
| Dipesh Ranjeet Mitra | Director | 15 May 2017 | 9 Years 5 Months | Current |
Peer comparison
Rameswar Udyog Private Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Darshan Creation Private Limited | ₹394.35 Cr (FY 2025) | 29.0% | Mumbai, Maharashtra, India | |||
| Mohota Industries Limited | ₹394.33 Cr (FY 2025) | 3745.0% | Hinganghat, Maharashtra, India | |||
| United Polyfab Private Limited | ₹392.25 Cr (FY 2025) | -48.0% | Ahmedabad, Gujarat, India | |||
| Bansal Spinning Mills Private Limited | ₹390.91 Cr (FY 2025) | 9.0% | Sahnewal, Punjab, India | |||
| Rameswar Udyog Private Limitedthis company | ₹388.47 Cr (FY 2025) | ₹2.66 Cr | 0.7% | -22.0% | 156 | Ahmedabad, Gujarat, India |
| Shristi Cotspinn Private Limited | ₹387.61 Cr (FY 2025) | 32.0% | Coimbatore, Tamil Nadu, India | |||
| Patodia Filaments Private Limited | ₹384.97 Cr (FY 2025) | -2.0% | Dadra and Nagar Haveli, India | |||
| GTN Enterprises Limited | ₹380.7 Cr (FY 2024) | 11.0% | Ernakulam, Kerala, India |
To see the full peer comparison of Rameswar Udyog Private Limited, buy the company report.
Auditor
Rameswar Udyog Private Limited is audited by Pipara & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pipara & Co LLP | FY 2023 | 107929W/W100219 |
Shareholding
The shareholding of Rameswar Udyog Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rameswar Udyog Private Limited, buy the company report.
Charges & borrowings
Open charges
₹265.13 Cr
Satisfied charges
₹73.36 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jun 2025 | 101112173 | Others | ₹13.2 Cr | Open | |
| 02 Feb 2023 | 100684106 | State Bank of India | ₹18 Cr | Open | |
| 18 Dec 2021 | 100519197 | Others | ₹5.62 Cr | Open | |
| 11 Feb 2021 | 100421175 | Others | ₹11.25 Cr | Open | |
| 08 Dec 2011 | 10321153 | Others | ₹100 Cr | Open |
To see the full charge records of Rameswar Udyog Private Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Rameswar Udyog Private Limited has 29 deals on record (25 secondary share transfers, 4 funding rounds), with disclosed funding of ₹8.62 Cr; the latest was in March 2024.
Total deals
29
Secondary share transfers
25
Funding rounds
4
Disclosed funding
₹8.62 Cr
Deals on record (5 of 29)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2022 | Secondary share transfer | Undisclosed | Buyer: Zenith Apex Private Limited , Rameswar Apex Private Limited Seller: 2 individuals |
| Jun 2022 | Secondary share transfer | Undisclosed | Buyer: Zenith Apex Private Limited , Rameswar Apex Private Limited Seller: 3 individuals |
| May 2022 | Secondary share transfer | Undisclosed | Buyer: Zenith Apex Private Limited , Rameswar Apex Private Limited , an individual Seller: 4 individuals |
| Apr 2022 | Secondary share transfer | Undisclosed | Buyer: Zenith Apex Private Limited , Rameswar Apex Private Limited , 2 individuals Seller: 4 individuals |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Zenith Apex Private Limited , 3 individuals Seller: 4 individuals |
To see the full deal history of Rameswar Udyog 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
Rameswar Udyog Private Limited has 2 court cases on record: 2 filed by Rameswar Udyog. All cases are disposed.
Total cases
2
Filed by the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (MCA) | Filed by the company against Goods and Services Tax Network and 3 others | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Goods and Services Tax Network and 5 others | Disposed |
To see the full case history of Rameswar Udyog 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.
Credit ratings & regulatory alerts
Rameswar Udyog Private Limited was last rated by Icra on 01 Jun 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 01 Jun 2022 |
To see the full credit ratings and regulatory alerts of Rameswar Udyog Private Limited, buy the company report.
MSME payment delays
Rameswar Udyog Private Limited has 2 MSME Form 1 returns on record between 2018 and 2019, listing 3 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Apco Agencies | |||
| an individual supplier |
To see the full MSME payment records of Rameswar Udyog Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Rameswar Udyog Private Limited has a workforce of 156 employees on its EPFO records as of Apr 03, 2024, across 2 active EPFO establishments.
Employee count
156
Active EPFO establishments
2
Employee growth
-32.47%
GST
Rameswar Udyog has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCR2011A1ZF | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rameswar Udyog Private Limited, buy the company report.
Recent activity
Rameswar Udyog Private Limited has 12 board changes on record since 1998: 7 appointments and 5 cessations. The latest: Bihari Lal Ajitsaria ceased to be Beneficial Owner on 22 May 2024.
Charges
A charge with Others of Rs. 117.06 Cr registered on 24 Oct 2011 with Charge ID 10320255 was modified on 09 Oct 2025.
AGM
Rameswar Udyog Private Limited last Annual general meeting of members was held on 22 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 13.20 Cr with Charge ID 101112173 was registered on 03 Jun 2025.
Filing
Rameswar Udyog Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 30 May 2017 via Charge ID 100100345 with Others was fully satisfied on 18 Oct 2024.
Charges
A charge registered on 24 Jun 2015 via Charge ID 10584296 with Oriental Bank Of Commerce was fully satisfied on 18 Oct 2024.
Ceased
Bihari Lal Ajitsaria ceased to be Beneficial Owner.
Charges
A charge with Others of Rs. 100.00 Cr registered on 08 Dec 2011 with Charge ID 10321153 was modified on 18 Sep 2023.
Charges
A charge with State Bank Of India amounted to Rs. 18.00 Cr with Charge ID 100684106 was registered on 02 Feb 2023.
Ceased
Abhay Ajitsaria ceased to be Director.
Charges
A charge with Others amounted to Rs. 5.62 Cr with Charge ID 100519197 was registered on 18 Dec 2021.
Charges
A charge with Others amounted to Rs. 11.25 Cr with Charge ID 100421175 was registered on 11 Feb 2021.
34 earlier events are in the company report.
Frequently asked questions
Rameswar Udyog is an active private limited company based in Ahmedabad, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 18 November 1996 (30+ years old) and is registered under CIN U15311GJ1996PTC066626.
Rameswar Udyog has 2 current directors:
- Harsh Ajitsaria - Director
- Dipesh Ranjeet Mitra - Director
The latest financial statements of Rameswar Udyog on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Rameswar Udyog is 24AABCR2011A1ZF, registered in Gujarat. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Rameswar Udyog is U15311GJ1996PTC066626. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rameswar Udyog has 2 court cases on record: 2 filed by the company.
Rameswar Udyog was incorporated on 18 November 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Rameswar Udyog has 29 deals on record (25 secondary share transfers, 4 funding rounds), with disclosed funding of ₹8.62 Cr; the latest was in March 2024.
The peers of Rameswar Udyog by revenue are Darshan Creation Private Limited, Mohota Industries Limited, United Polyfab Private Limited, Bansal Spinning Mills Private Limited, Shristi Cotspinn Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Bihari Lal Ajitsaria ceased to be Beneficial Owner on 22 May 2024. Abhay Ajitsaria ceased to be Director on 01 Apr 2022. Bihari Lal Ajitsaria was appointed as Beneficial Owner on 29 Jul 2019. Rameswar Udyog has 12 board changes on record in total.
Yes, Rameswar Udyog is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0028598).
Rameswar Udyog has 2 MSME Form 1 returns on record between 2018 and 2019, listing 3 overdue payments to 2 micro and small suppliers. The latest return was filed on 08 Jun 2019.
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