About Rasna Private Limited
Data last updated:
Rasna Private Limited is a private limited company based in Ahmedabad, Gujarat, 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 non-alcoholic beverage manufacturing and distribution segment of the food and beverages sector. It was incorporated on 13 March 2002.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U15499GJ2002PTC040538. Its GSTIN is 24AAACW4408M1Z9 (Gujarat). The company holds 31 GST registrations, of which 25 are active.
The company has an authorised share capital of ₹2.51 Cr and a paid-up capital of ₹52.26 Lakh. It was formerly known as Waves Foods Private Limited. It is led by directors including Rajendra Kumar Pinjani (Managing Director) and Sanjeev Vasant Shah (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 905 Atlanta Tower Nr. Sears Tower Gulbai Tekra, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2024, the company reported a revenue of ₹161.75 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹8.47 Cr (net margin 5.2%) and EBITDA of ₹33.76 Lakh (EBITDA margin 0.2%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 2% over five years.
The company has about 438 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Rasna. Court records list 121 cases involving the company, including 69 filed by the company and 52 filed against it; 20 cases are pending.
The last known website on record is rasnainternational.com.
Company details
Contact details
Rasna Private Limited's registered office is in Ahmedabad, Gujarat. Its website is rasnainternational.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address905 Atlanta Tower Nr. Sears Tower Gulbai Tekra, Ahmedabad, Gujarat, India – 380015
- IndustryFood and Beverages, Non-Alcoholic Beverage Manufacturing & Distribution
To see the full contact details of Rasna 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
Brands
Rasna operates one associated brand: Rasna. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces and sells instant drink mixes worldwide through retail and online channels. | rasnainternational.com |
Financials of Rasna Private Limited
FY 2024 filings availableRasna Private Limited reported revenue of ₹161.75 Cr (down 7% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 91% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹161.75 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹33.76 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.47 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.2% | ||||
| Net Profit Margin | 5.2% | ||||
| 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 Rasna Private Limited, buy the company report.
Board of directors of Rasna Private Limited
Rasna has 6 current directors and 35 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Kumar Pinjani | Managing Director | 22 Mar 2019 | 7 Years 7 Months | As last reported |
| Sanjeev Vasant Shah Also directs: Rasna Naturals Private Limited | Whole-Time Director | 12 Dec 2023 | 2 Years 10 Months | As last reported |
| Chandra Shekhar Rathore | Whole-Time Director | 12 Dec 2023 | 2 Years 10 Months | As last reported |
| Arzeen Piruz Khambatta Also directs: Rasna Naturals Private Limited, Atmanirbhar Benevolent Foundation | Director | 12 Oct 2019 | 7 Years 0 Months | As last reported |
| Avan Piruz Khambatta | Director | 04 Sep 2024 | 2 Years 2 Months | As last reported |
| Khushman Jal Tamboli Also directs: Adarbehram Foods Private Limited, Pioma Industries Private Limited | Director | 01 Oct 2009 | 17 Years 1 Months | As last reported |
Auditor
Rasna Private Limited is audited by Kantilal Patel & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kantilal Patel & Co. | FY 2024 | 104744W |
Shareholding
The shareholding of Rasna Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rasna Private Limited, buy the company report.
Legal cases
Rasna Private Limited has 121 court cases on record: 69 filed by Rasna, 52 filed against it. 20 cases are pending and 101 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 63 | 17 | 6 |
| District courts | 53 | 30 | 13 |
| Supreme Court | 3 | 3 | 0 |
| NCLT | 1 | 1 | 1 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 121)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by Aramex India Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Bot Organic Private Limited | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Bharat Road Carrier Private Limited | Pending |
| District court, Chittoor, Andhra Pradesh | Civil suit | Filed against the company by M/S Savani Transports Pvt. Limited, Chittoor, Rep. by Its B.M. A. Bhaskar Chetty. | Pending |
| High Court, GUJARAT | Court case (AO) | Filed by the company against Rasna Hotels Pvt Ltd and 5 others | Pending |
To see the full case history of Rasna 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
Rasna Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 5 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Velji Dosabhai and Sons Private Limited | |||
| Analytical & Environmental Services | |||
| Channel Bridge Software Labs Private Limited | |||
| Shridhar Kraftpack LLP | |||
| Grip Tight Packaging (India) Private Limited |
To see the full MSME payment records of Rasna Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Rasna has 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
Employees & EPFO
Rasna Private Limited has a workforce of 438 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 438 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Rasna Private Limited, buy the company report.
GST
Rasna has 31 GST registrations: 25 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACW4408M1Z9 | Gujarat | Active | 01 Jul 2017 |
| 24AAACW4408M2Z8 | Gujarat | Active | 21 Jul 2017 |
| 03AAACW4408M1ZD | Punjab | Active | 01 Jul 2017 |
| 05AAACW4408M1Z9 | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rasna Private Limited, buy the company report.
Recent activity
Rasna Private Limited has 20 board changes on record since 2009: 7 appointments and 13 cessations. The latest: Avan Piruz Khambatta ceased to be Additional Director on 29 Sep 2024.
11 earlier events are in the company report.
News
Frequently asked questions
Rasna 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.
Rasna is a company under insolvency, formerly operating as a private limited company based in Ahmedabad, Gujarat, India. The company works in non-alcoholic beverage manufacturing and distribution, within the food and beverages industry. It was incorporated on 13 March 2002 and is registered under CIN U15499GJ2002PTC040538. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Rasna has 6 current directors:
- Rajendra Kumar Pinjani - Managing Director
- Sanjeev Vasant Shah - Whole-Time Director
- Chandra Shekhar Rathore - Whole-Time Director
- Arzeen Piruz Khambatta - Director
- Avan Piruz Khambatta - Director
- Khushman Jal Tamboli - Director
The latest financial statements of Rasna on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Rasna is U15499GJ2002PTC040538. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rasna has 121 court cases on record: 69 filed by the company and 52 filed against it. 20 are pending. Most are in the high courts.
Rasna was incorporated on 13 March 2002. It is registered with the Registrar of Companies, Ahmedabad.
Avan Piruz Khambatta ceased to be Additional Director on 29 Sep 2024. Avan Piruz Khambatta was appointed as Director on 04 Sep 2024. Chandra Shekhar Rathore ceased to be Manager on 01 Mar 2024. Rasna has 20 board changes on record in total.
Rasna has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 5 overdue payments to 5 micro and small suppliers. The latest return was filed on 15 May 2021.
Rasna can be reached through the website rasnainternational.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Rasna is at 905 Atlanta Tower Nr. Sears Tower Gulbai Tekra, Ahmedabad, Gujarat, India – 380015.
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