India's Richest People 2026 edition · 1 director · Source: Hurun India
- #331 Narendrakumar Baldota & family ₹11,400 Cr
Revenue · FY 2025
₹425.47 Cr
▼ 15% YoY
Net profit · FY 2025
₹119.04 Cr
Net margin 28%
EBITDA · FY 2025
₹178.89 Cr
EBITDA margin 42%
Authorised capital
₹15 Cr
Registered with MCA
Paid-up capital
₹44 Lakh
Issued & subscribed
Open charges
₹244.38 Cr
Satisfied ₹320.97 Cr
Company age
48 yrs
Est. 1978
Directors on board
6
As per MCA filings
About Ramgad Minerals and Mining Limited
Data last updated:
Ramgad Minerals and Mining Limited is a public limited company based in Hospet, Karnataka, India. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 29 August 1978 and has been in existence for over 48 years.
Its director Narendrakumar Baldota and family are #331 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U27101KA1978PLC003360. Its GSTIN is 29AAACR8532R1ZL (Karnataka). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹44 Lakh. It was formerly known as Ramgad Minerals and Mining Private Limited. It is led by directors including Shrenik Kumar Narendrakumar Baldota (Managing Director) and Lavina Rahul Baldota (Whole-Time Director).
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Baldota Enclave Abheraj Baldota Road, Hospet, Karnataka, India – 583203.
As per the financials filed for FY 2025, the company reported a revenue of ₹425.47 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹119.04 Cr (net margin 28%) and EBITDA of ₹178.89 Cr (EBITDA margin 42%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 18% over five years.
As per MCA filings, the company has open charges of ₹244.38 Cr and satisfied charges of ₹320.97 Cr on record. Court records list 92 cases involving the company, including 67 filed by the company and 25 filed against it; 19 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹12 Cr; the latest was in March 2008. The company has 2 MSME Form 1 returns on record between 2017 and 2019, listing 4 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website baldota.co.in.
Company details
CIN U27101KA1978PLC003360
Registration Number 003360
Incorporation Date 29 August 1978
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 28 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
CIN history
Ramgad Minerals and Mining has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U27101KA1978PLC003360, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27101KA1978PLC003360 | Current |
| U01010KA1978PLC003360 | Previous |
| U01010KA1978PTC003360 | Previous |
Key People
Shrenik Kumar Narendrakumar Baldota Managing Director Lavina Rahul Baldota Whole-Time Director Rajan Dattatray Kamat Director Recognitions & Rankings of Ramgad Minerals and Mining
Contact details
Ramgad Minerals and Mining Limited's registered office is in Hospet, Karnataka. Its website is baldota.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBaldota Enclave Abheraj Baldota Road, Hospet, Karnataka, India – 583203
- IndustryEnvironment, Wind Energy Solutions
To see the full contact details of Ramgad Minerals and Mining Limited, buy the company report.
Comprehensive company report
Ramgad Minerals and Mining 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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Business activity
The main business activities of Ramgad Minerals and Mining are mining and quarrying and electricity, gas, steam and air condition supply. In detail, this covers mining of metal ores and electric power generation, transmission and distribution. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B3 | Mining of Metal Ores | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Ramgad Minerals and Mining Limited, buy the company report.
Financials of Ramgad Minerals and Mining Limited
FY 2024 filings availableRamgad Minerals and Mining Limited reported revenue of ₹425.47 Cr (down 15% YoY) for FY 2025.
Revenue · FY 2025
₹425.47 Cr ▼ 15%
Net profit · FY 2025
₹119.04 Cr margin 28%
EBITDA · FY 2025
₹178.89 Cr margin 42%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 15%
3 years · compounded
▲ 14%
5 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▼ 11%
3 years · compounded
▲ 7%
5 years · compounded
▲ 10%
Revenue fell 15% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 18%. EBITDA fell 11% 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 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹178.89 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹119.04 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 42% | ||||
| Net Profit Margin | 28% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ramgad Minerals and Mining Limited, buy the company report.
Board of directors of Ramgad Minerals and Mining Limited
Ramgad Minerals and Mining has 6 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajan Dattatray Kamat | Director | 29 Aug 2022 | 4 Years 2 Months | Current |
| Meda Venkataiah Also directs: MSPL Limited, Aaress Iron and Steel Limited | Director | 24 Dec 2022 | 3 Years 10 Months | Current |
| Rahul Kumar Narendrakumar Baldota | Director | 02 Jan 2012 | 14 Years 9 Months | Current |
| Narendrakumar Abheraj Baldota | Director | 29 Aug 1978 | 48 Years 2 Months | Current |
| Lavina Rahul Baldota Also directs: Eft LLP | Whole-Time Director | 31 Mar 2021 | 5 Years 6 Months | Current |
| Shrenik Kumar Narendrakumar Baldota | Managing Director | 01 Feb 1999 | 27 Years 8 Months | Current |
Auditor
Ramgad Minerals and Mining Limited is audited by Chaturvedi & Shah LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Chaturvedi & Shah LLP | FY 2023 | 101720W/W100355 |
Shareholding
The shareholding of Ramgad Minerals and Mining 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 Ramgad Minerals and Mining Limited, buy the company report.
Charges & borrowings
Open charges
₹244.38 Cr
Satisfied charges
₹320.97 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 May 2009 | 10166215 | State Bank of India | ₹244.38 Cr | Open | |
| 15 Mar 2024 | 100894127 | State Bank of India | ₹20 Cr | Satisfied | |
| 12 Apr 2023 | 100711904 | State Bank of India | ₹20 Cr | Satisfied | |
| 28 Sep 2015 | 10595839 | Others | ₹71 Cr | Satisfied | |
| 06 May 2015 | 10571440 | State Bank of India | ₹5 Cr | Satisfied |
To see the full charge records of Ramgad Minerals and Mining Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Ramgad Minerals and Mining Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹12 Cr; the latest was in March 2008.
Total deals
2
Funding round
1
Secondary share transfer
1
Disclosed funding
₹12 Cr
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: MSPL Limited |
| Aug 2007 | Funding round | ₹12 Cr | Investors: MSPL Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ramgad Minerals and Mining Limited has 92 court cases on record: 67 filed by Ramgad Minerals and Mining, 25 filed against it. 19 cases are pending and 73 are disposed.
Total cases
92
Filed by the company
67
Filed against the company
25
Pending
19
Disposed
73
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 71 | 17 | 14 |
| Supreme Court | 9 | 7 | 1 |
| District courts | 8 | 1 | 0 |
| NCLAT | 4 | 0 | 4 |
Cases on record (5 of 92)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Appeal | Filed against the company by Ultra Tech Cement Limited | Pending |
| Supreme Court | Appeal | Filed against the company by Bangalore Electricity Supply Company Limited | Disposed |
| High Court, KARNATAKA | Writ petition | Filed by the company against Karnataka Power Transmission Corporation Limited (Kptcl) and 5 others | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by MSPL Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against Vestas Wind Technology India Private Limited | Disposed |
To see the full case history of Ramgad Minerals and Mining 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
Ramgad Minerals and Mining Limited was last rated by Icra on 02 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 02 Dec 2021 |
To see the full credit ratings and regulatory alerts of Ramgad Minerals and Mining Limited, buy the company report.
MSME payment delays
Ramgad Minerals and Mining Limited has 2 MSME Form 1 returns on record between 2017 and 2019, listing 4 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Victory Windfarm Services Private Limited | |||
| Srushti Seva Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Ramgad Minerals and Mining Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Ramgad Minerals and Mining has 4 GST registrations: 4 active.
Total GSTINs
4
Active
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACR8532R1ZL | Karnataka | Active | 01 Jul 2017 |
| 08AAACR8532R1ZP | Rajasthan | Active | 01 Jul 2017 |
| 24AAACR8532R1ZV | Gujarat | Active | 01 Jul 2017 |
| 27AAACR8532R1ZP | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ramgad Minerals and Mining Limited, buy the company report.
Recent activity
Ramgad Minerals and Mining Limited has 15 board changes on record since 1978: 6 appointments and 9 cessations. The latest: Meda Venkataiah ceased to be Additional Director on 19 May 2023.
AGM
Ramgad Minerals And Mining Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.
Charges
A charge registered on 15 Mar 2024 via Charge ID 100894127 with State Bank Of India was fully satisfied on 18 May 2024.
Filing
Ramgad Minerals And Mining Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with State Bank Of India amounted to Rs. 20.00 Cr with Charge ID 100894127 was registered on 15 Mar 2024.
Charges
A charge registered on 12 Apr 2023 via Charge ID 100711904 with State Bank Of India was fully satisfied on 13 Jun 2023.
Ceased
Meda Venkataiah ceased to be Additional Director.
Charges
A charge with State Bank Of India amounted to Rs. 20.00 Cr with Charge ID 100711904 was registered on 12 Apr 2023.
Appointed
Meda Venkataiah was appointed as Director.
Ceased
Rajan Dattatray Kamat ceased to be Additional Director.
Appointed
Rajan Dattatray Kamat was appointed as Director.
Appointed
Lavina Rahul Baldota was appointed as Whole-Time Director.
Charges
A charge with State Bank Of India of Rs. 244.38 Cr registered on 20 May 2009 with Charge ID 10166215 was modified on 11 Sep 2020.
28 earlier events are in the company report.
Frequently asked questions
Ramgad Minerals and Mining is an active public limited company based in Hospet, Karnataka, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 29 August 1978 (48+ years old) and is registered under CIN U27101KA1978PLC003360.
Ramgad Minerals and Mining has 6 current directors:
- Shrenik Kumar Narendrakumar Baldota - Managing Director
- Lavina Rahul Baldota - Whole-Time Director
- Rajan Dattatray Kamat - Director
- Meda Venkataiah - Director
- Rahul Kumar Narendrakumar Baldota - Director
- Narendrakumar Abheraj Baldota - Director
The latest financial statements of Ramgad Minerals and Mining on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ramgad Minerals and Mining is 29AAACR8532R1ZL, registered in Karnataka. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 08AAACR8532R1ZP (Rajasthan), 24AAACR8532R1ZV (Gujarat), 27AAACR8532R1ZP (Maharashtra).
The CIN (Corporate Identification Number) of Ramgad Minerals and Mining is U27101KA1978PLC003360. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ramgad Minerals and Mining has 92 court cases on record: 67 filed by the company and 25 filed against it. 19 are pending. Most are in the high courts.
Ramgad Minerals and Mining was incorporated on 29 August 1978, making it 48+ years old. It is registered with the Registrar of Companies, Bangalore.
Ramgad Minerals and Mining has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹12 Cr; the latest was in March 2008.
Meda Venkataiah ceased to be Additional Director on 19 May 2023. Meda Venkataiah was appointed as Director on 24 Dec 2022. Rajan Dattatray Kamat ceased to be Additional Director on 22 Sep 2022. Ramgad Minerals and Mining has 15 board changes on record in total.
Ramgad Minerals and Mining has 2 MSME Form 1 returns on record between 2017 and 2019, listing 4 overdue payments to 3 micro and small suppliers. The latest return was filed on 16 May 2019.
Ramgad Minerals and Mining can be reached through the website baldota.co.in. Its registered office is in Hospet, Karnataka, India.