India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#457- Valuation
- ₹10,720 Cr
2023 #297 2022 #313
Revenue · FY 2025
₹5,464.75 Cr
▲ 3% YoY
Net profit · FY 2025
₹376.39 Cr
Net margin 6.9%
EBITDA · FY 2025
₹545.31 Cr
EBITDA margin 10%
Authorised capital
₹1,000 Cr
Registered with MCA
Paid-up capital
₹470.46 Cr
Issued & subscribed
Open charges
₹1,101.59 Cr
Satisfied ₹1,931.77 Cr
Company age
35 yrs
Est. 1991
Employees · EPFO
1,382
Provident fund records
About Rashmi Cement Limited
Data last updated:
Rashmi Cement Limited is a public limited company based in Jhargram, West Bengal, India. It operates in the cement and cement products segment of the manufacturing sector. It was incorporated on 12 September 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U14107WB1991PLC053043. Its GSTIN is 19AABCR4343R1ZS (West Bengal). The company holds 7 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹470.46 Cr. It was formerly known as Rashmi Cement Company Limited. It is led by directors including Subhendu Biswas (Whole-Time Director) and Dipanjan Mahata.
Its last annual general meeting (AGM) was held on 17 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Po – Jhargram Dist – Paschim Medinipur, West Bengal, India – 721507.
As per the financials filed for FY 2025, the company reported a revenue of ₹5,464.75 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹376.39 Cr (net margin 6.9%) and EBITDA of ₹545.31 Cr (EBITDA margin 10%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 26% over five years.
The company has about 1,382 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries and 1 joint venture.
As per MCA filings, the company has open charges of ₹1,101.59 Cr and satisfied charges of ₹1,931.77 Cr on record. Court records list 163 cases involving the company, including 124 filed by the company and 39 filed against it; 74 cases are pending. The company has 13 deals on record (7 funding rounds, 6 secondary share transfers), with disclosed funding of ₹868.86 Cr; the latest was in March 2019. Its 4 peer companies in the Metals and Minerals industry (Cement and Cement Products, Metals), with the same principal business activity (metal and metal products) are compared by revenue, 1 larger and 3 smaller; the largest is Jindal Aluminium Limited. with revenue of ₹5,785.52 Cr. The company has 7 MSME Form 1 returns on record between 2019 and 2024, listing 17 overdue payments to 15 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 rashmigroup.com.
Company details
CIN U14107WB1991PLC053043
Registration Number 053043
Incorporation Date 12 September 1991
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 17 November 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
CIN history
Rashmi Cement has one previous CIN (Corporate Identification Number): U14107WB1991PTC053043. The current CIN is U14107WB1991PLC053043, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U14107WB1991PLC053043 | Current |
| U14107WB1991PTC053043 | Previous |
Recognitions & Rankings of Rashmi Cement
Contact details
Rashmi Cement Limited's registered office is in Jhargram, West Bengal. Its website is rashmigroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPo – Jhargram Dist – Paschim Medinipur, West Bengal, India – 721507
- IndustryManufacturing, Cement & Cement Products
To see the full contact details of Rashmi Cement Limited, buy the company report.
Comprehensive company report
Rashmi Cement 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 Rashmi Cement are manufacturing, electricity, gas, steam and air condition supply and support service to organizations. 4 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Rashmi Cement Limited, buy the company report.
Financials of Rashmi Cement Limited
FY 2025 filings availableRashmi Cement Limited reported revenue of ₹5,464.75 Cr (up 3% YoY) for FY 2025.
Revenue · FY 2025
₹5,464.75 Cr ▲ 3%
Net profit · FY 2025
₹376.39 Cr margin 6.9%
EBITDA · FY 2025
₹545.31 Cr margin 10%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 6%
5 years · compounded
▲ 26%
EBITDA CAGR growth
1 year
▼ 23%
3 years · compounded
▼ 15%
5 years · compounded
▲ 6%
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 3% growth in the latest year. EBITDA fell 23% 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 | ₹545.31 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹376.39 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
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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 | 10% | ||||
| Net Profit Margin | 6.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Rashmi Cement Limited, buy the company report.
Board of directors and KMP of Rashmi Cement Limited
Rashmi Cement Limited currently reports 5 directors and 1 key managerial person. 9 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subhendu Biswas Also directs: Yatin Steels India Private Limited, Orissa Steel & Power Private Limited, Jamuria Steels Private Limited and 2 more | Whole-Time Director | 14 Jul 2010 | 16 Years 3 Months | Current |
| Dipanjan Mahata Also directs: Yatin Steels India Private Limited, Jamuria Steels Private Limited, Makalu Trading Limited and 2 more | Director | 06 Jan 2012 | 14 Years 9 Months | Current |
| Priya Gupta | Director | 02 Dec 2024 | 1 Years 10 Months | Current |
| Uday Chand Kungilwar | Company Secretary | 01 Mar 2016 | 10 Years 7 Months | Current |
| Sisir Kumar Bhunia Also directs: Yatin Steels India Private Limited, Orissa Steel & Power Private Limited, Jamuria Steels Private Limited and 2 more | Director | 01 Aug 2014 | 12 Years 2 Months | Current |
| Priti Agarwal Also directs: Orissa Steel & Power Private Limited | Additional Director | 21 Apr 2026 | 0 Years 6 Months | Current |
Peer comparison
Rashmi Cement Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Cement and Cement Products, 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 |
|---|---|---|---|---|---|---|
| Jindal Aluminium Limited. | ₹5,785.52 Cr (FY 2025) | 20.0% | Bangalore, Karnataka, India | |||
| Rashmi Cement Limitedthis company | ₹5,464.75 Cr (FY 2025) | ₹376.39 Cr | 6.9% | 3.0% | 1,382 | Jhargram, West Bengal, India |
| Ratnamani Metals and Tubes Limited | ₹5,246.09 Cr (FY 2025) | 2.0% | Ahmedabad, Gujarat, India | |||
| Sovereign Metals Limited | ₹4,986.8 Cr (FY 2024) | -21.0% | Ahmedabad, Gujarat, India | |||
| Chloride Metals Limited | ₹4,986.45 Cr (FY 2024) | 27.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Rashmi Cement Limited, buy the company report.
Auditor
Rashmi Cement Limited is audited by BARKHA & ASSOCIATES for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BARKHA & ASSOCIATES | FY 2025 | 327573E |
Shareholding
The shareholding of Rashmi Cement Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rashmi Cement Limited, buy the company report.
Charges & borrowings
Open charges
₹1,101.59 Cr
Satisfied charges
₹1,931.77 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Mar 2026 | 101274898 | Others | ₹200 Cr | Open | |
| 18 Sep 2025 | 101161839 | Indian Bank | ₹120 Cr | Open | |
| 06 Mar 2025 | 101061965 | Uco Bank | ₹200 Cr | Open | |
| 14 Nov 2024 | 101001444 | Others | ₹150 Cr | Open | |
| 20 Jun 2022 | 100588420 | Yes Bank Limited | ₹300 Cr | Open |
To see the full charge records of Rashmi Cement Limited, buy the company report.
Total charge records: 34 View all charges
Deals & funding
Rashmi Cement Limited has 13 deals on record (7 funding rounds, 6 secondary share transfers), with disclosed funding of ₹868.86 Cr; the latest was in March 2019.
Total deals
13
Funding rounds
7
Secondary share transfers
6
Disclosed funding
₹868.86 Cr
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Funding round | ₹431.25 Cr | Investors: Guru Ganesh Finance (India) Limited , Consortium Enterprises Pvt Ltd , Image Vinimay Ltd |
| Apr 2018 | Secondary share transfer | Undisclosed | Buyer: Sarv Steels Private Limited , Cimmco Vinimay Pvt Ltd , Crushcon Engineers Pvt Ltd Seller: Positive Traders Private Limited , Jhik-Jhik Sales Pvt. Ltd. , Compact Adverdising Private Limited |
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: Jhik-Jhik Sales Pvt. Ltd. , Apna Agrotech Private Limited Seller: Cimmco Vinimay Pvt Ltd |
| Nov 2014 | Funding round | ₹153.17 Cr | Investors: Positive Traders Private Limited , Cimmco Vinimay Pvt Ltd , Rockland Vanijya Private Limited |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Kaypee Mercantiles Pvt Ltd Seller: Bhumi Commotrade Private Limited , Labh Intrade Private Limited , Advent Commotrade Private Limited |
To see the full deal history of Rashmi Cement 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
Rashmi Cement Limited has 163 court cases on record: 124 filed by Rashmi Cement, 39 filed against it. 74 cases are pending and 89 are disposed.
Total cases
163
Filed by the company
124
Filed against the company
39
Pending
74
Disposed
89
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 78 | 10 | 58 |
| High courts | 67 | 14 | 14 |
| NCLAT | 12 | 11 | 1 |
| Supreme Court | 3 | 3 | 1 |
| NCLT | 3 | 1 | 0 |
Cases on record (5 of 163)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Paschim Bardhaman, West Bengal | Appeal | Filed by the company against M S Shyam Sel and Power Limited | Pending |
| District court, Paschim Bardhaman, West Bengal | Court case (Pre.-misc. Case) | Filed by the company against M/S Shyam Sel and Power Limited and 1 other | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Sunrise Movers and Carriers LLP and 2 others | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Bhili Jaypee Cement Ltd. and 5 others | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Bhilai Jaypee Cement Ltd. and 5 others | Pending |
To see the full case history of Rashmi Cement 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
Rashmi Cement Limited has 7 MSME Form 1 returns on record between 2019 and 2024, listing 17 overdue payments to 15 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 (5 of 15)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Pallavi Syndicate Private Limited | |||
| an individual supplier | |||
| Siddhi Vinayak Roadways | |||
| J. T. Transport Private Limited |
To see the full MSME payment records of Rashmi Cement Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Rashmi Cement has 3 subsidiary companies and 1 joint venture. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
3
Subsidiary companies
1
Joint ventures
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Orissa Steel & Power Private Limited | U27100WB2019PTC234364 | |
| Jamuria Steels Private Limited | U27320WB2019PTC235413 | |
| Forway Infraproperties Private Limited | U70102WB2015PTC205080 |
To see the full group structure of Rashmi Cement Limited, buy the company report.
Employees & EPFO
Rashmi Cement Limited has a workforce of 1,382 employees on its EPFO records as of Oct 11, 2025, across 1 active EPFO establishment.
Employee count
1,382
Active EPFO establishments
1
Employee growth
5.98%
GST
Rashmi Cement has 7 GST registrations: 4 active and 3 cancelled or inactive.
Total GSTINs
7
Active
4
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCR4343R1ZS | West Bengal | Active | 01 Jul 2017 |
| 19AABCR4343R1D1 | West Bengal | Active | 04 Nov 2024 |
| 19AABCR4343R2ZR | West Bengal | Active | 08 Apr 2025 |
| 21AABCR4343R1Z7 | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rashmi Cement Limited, buy the company report.
Recent activity
Rashmi Cement Limited has 15 board changes on record since 2010: 6 appointments and 9 cessations. The latest: Priti Agarwal was appointed as Additional Director on 21 Apr 2026.
Charges
A charge registered on 07 Oct 2024 via Charge ID 101003728 with Others was fully satisfied on 22 Jun 2026.
Appointed
Priti Agarwal was appointed as Additional Director.
Charges
A charge with Others amounted to Rs. 200.00 Cr with Charge ID 101274898 was registered on 25 Mar 2026.
Charges
A charge with Others of Rs. 125.00 Cr registered on 03 Dec 2019 with Charge ID 100314144 was modified on 25 Mar 2026.
AGM
Rashmi Cement Limited last Annual general meeting of members was held on 17 Nov 2025 as per latest MCA records.
Charges
A charge with Indian Bank amounted to Rs. 120.00 Cr with Charge ID 101161839 was registered on 18 Sep 2025.
Filing
Rashmi Cement Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata Ii.
Charges
A charge with Uco Bank amounted to Rs. 200.00 Cr with Charge ID 101061965 was registered on 06 Mar 2025.
Ceased
Abhijit Majumdar ceased to be Additional Director.
Appointed
Priya Gupta was appointed as Director.
Charges
A charge with Others amounted to Rs. 150.00 Cr with Charge ID 101001444 was registered on 14 Nov 2024.
Charges
A charge with Others amounted to Rs. 75.00 Cr with Charge ID 101003728 was registered on 07 Oct 2024.
73 earlier events are in the company report.
Frequently asked questions
Rashmi Cement is an active public limited company based in Jhargram, West Bengal, India. The company works in cement and cement products, within the manufacturing industry. It was incorporated on 12 September 1991 (35+ years old) and is registered under CIN U14107WB1991PLC053043.
Rashmi Cement has 6 current directors and KMP:
- Subhendu Biswas - Whole-Time Director
- Dipanjan Mahata - Director
- Priya Gupta - Director
- Sisir Kumar Bhunia - Director
- Priti Agarwal - Additional Director
- Uday Chand Kungilwar - Company Secretary
The latest financial statements of Rashmi Cement on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 17 November 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Rashmi Cement is 19AABCR4343R1ZS, registered in West Bengal. The company has 7 GST registrations in all, of which 4 are active and 3 are cancelled or inactive. Other active GSTINs include 19AABCR4343R1D1 (West Bengal), 19AABCR4343R2ZR (West Bengal), 21AABCR4343R1Z7 (Odisha).
The CIN (Corporate Identification Number) of Rashmi Cement is U14107WB1991PLC053043. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rashmi Cement has 163 court cases on record: 124 filed by the company and 39 filed against it. 74 are pending. Most are in the district courts.
Rashmi Cement was incorporated on 12 September 1991, making it 35+ years old. It is registered with the Registrar of Companies, Kolkata.
Rashmi Cement has 13 deals on record (7 funding rounds, 6 secondary share transfers), with disclosed funding of ₹868.86 Cr; the latest was in March 2019.
The peers of Rashmi Cement by revenue are Jindal Aluminium Limited, Ratnamani Metals and Tubes Limited, Sovereign Metals Limited, Chloride Metals Limited, all in the Metals and Minerals industry (Cement and Cement Products, Metals), with the same principal business activity (metal and metal products).
Priti Agarwal was appointed as Additional Director on 21 Apr 2026. Abhijit Majumdar ceased to be Additional Director on 31 Jan 2025. Priya Gupta was appointed as Director on 02 Dec 2024. Rashmi Cement has 15 board changes on record in total.
Rashmi Cement has 7 MSME Form 1 returns on record between 2019 and 2024, listing 17 overdue payments to 15 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Rashmi Cement can be reached through the website rashmigroup.com. Its registered office is in Jhargram, West Bengal, India.