About Rathi Industries Limited
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Rathi Industries Limited is a public limited company based in New Delhi, Delhi, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 29 November 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L74899DL1991PLC046570. Its GSTIN is 09AAACR0462Q1Z0 (Uttar Pradesh). The company holds 4 GST registrations, of which 1 is active. It is recorded as listed by MCA, but its shares were delisted from BSE, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹12.13 Cr. It is led by directors including Vikas Rathi (Managing Director) and Mukesh Kumar Bhardwaj (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A – 24/6 Mohan Co – Operative Industrial Estate Mathura Road, New Delhi, Delhi, India – 110044.
As per the financials filed for FY 2025, the company reported a revenue of ₹379.09 Cr, a decline of 34% compared to the previous year. For the same year it recorded a net profit of ₹4.57 Cr (net margin 1.2%) and EBITDA of ₹6.97 Cr (EBITDA margin 1.8%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 11% over five years.
The company has about 27 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹131.62 Cr and satisfied charges of ₹252.8 Cr on record. Court records list 87 cases involving the company, including 57 filed by the company and 30 filed against it; 6 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 rathistelmax.com.
Company details
Contact details
Rathi Industries Limited's registered office is in New Delhi, Delhi. Its website is rathistelmax.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 24/6 Mohan Co – Operative Industrial Estate Mathura Road, New Delhi, Delhi, India – 110044
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Rathi Industries 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
Business activity
The main business activity of Rathi Industries is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Rathi Industries Limited, buy the company report.
Financials of Rathi Industries Limited
FY 2025 filings availableRathi Industries Limited reported revenue of ₹379.09 Cr (down 34% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 34% fall in the latest year. EBITDA fell 32% 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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| EBITDA | ₹6.97 Cr | ||||
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| Net Profit (PAT) | ₹4.57 Cr | ||||
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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 | 1.8% | ||||
| Net Profit Margin | 1.2% | ||||
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To see the full financial statements and ratios of Rathi Industries Limited, buy the company report.
Board of directors of Rathi Industries Limited
Rathi Industries has 6 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mona Gupta | Director | 15 Sep 2020 | 6 Years 1 Months | Current |
| Vinay Rathi Also directs: Sushila Marble Industries Private Limited, Aligarh Udhyog Private Limited, Gordhan Das Rathi Steels Limited and 5 more | Director | 02 Dec 2013 | 12 Years 10 Months | Current |
| Vikas Rathi Also directs: Sushila Marble Industries Private Limited, Rathi Concast Limited., Satvik Industries Limited and 5 more | Managing Director | 26 Mar 2016 | 10 Years 6 Months | Current |
| Mukesh Kumar Bhardwaj | Whole-Time Director | 13 Nov 2021 | 4 Years 11 Months | Current |
| Kailash | Director | 15 Jul 2024 | 2 Years 3 Months | Current |
| Parminder Singh Kalsi Also directs: Jai Mata Glass Limited, Servokon Systems Limited, Manifold E-Connect Limited and 1 more | Director | 14 Feb 2024 | 2 Years 8 Months | Current |
Peer comparison
Rathi Industries Limited is compared with the 8 companies closest to it by revenue in the Metals and Minerals industry (Steel), 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 |
|---|---|---|---|---|---|---|
| Global Ispaat Private Limited | ₹381.15 Cr (FY 2025) | -19.0% | Salcete, Goa, India | |||
| Dilip Rerolling Private Limited | ₹380.96 Cr (FY 2025) | 11.0% | Hyderabad, Telangana, India | |||
| Jindal Metals & Alloys Limited | ₹380.52 Cr (FY 2025) | 11.0% | New Delhi, Delhi, India | |||
| Bhagwati Power and Steel Limited | ₹379.86 Cr (FY 2024) | 12.0% | Raipur, Chhattisgarh, India | |||
| Indian Ispat Works Private Limited | ₹379.44 Cr (FY 2025) | -7.0% | Raipur, Madhya Pradesh, India | |||
| Rathi Industries Limitedthis company | ₹379.09 Cr (FY 2025) | ₹4.57 Cr | 1.2% | -34.0% | 27 | New Delhi, Delhi, India |
| City Alloys Private Limited | ₹379.04 Cr (FY 2024) | -8.0% | Asansol, West Bengal, India | |||
| Shri Khatu Shyam Alloys Private Limited | ₹378.72 Cr (FY 2025) | 5.0% | Village Kharadpada Silvassa, Dadra and Nagar Haveli, India | |||
| Nandan Metallics Private Limited | ₹377.28 Cr (FY 2024) | Raipur, Chhattisgarh, India |
To see the full peer comparison of Rathi Industries Limited, buy the company report.
Auditor
Rathi Industries Limited is audited by Gupta Verma & Sethi for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Gupta Verma & Sethi | FY 2022 | 002605N |
Shareholding
The shareholding of Rathi Industries Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Rathi Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Apr 2026 | 101290713 | State Bank of India | ₹42 Cr | Open | |
| 18 Aug 2025 | 101145050 | The Jammu and Kashmir Bank Limited | ₹38 Cr | Open | |
| 10 Oct 2024 | 100996355 | Others | ₹39.62 Cr | Open | |
| 06 Jan 2020 | 100319795 | The South Indian Bank Limited | ₹12 Cr | Open | |
| 27 Dec 2024 | 101031752 | State Bank of India | ₹20 Cr | Satisfied |
To see the full charge records of Rathi Industries Limited, buy the company report.
Total charge records: 25 View all charges
Legal cases
Rathi Industries Limited has 87 court cases on record: 57 filed by Rathi Industries, 30 filed against it. 6 cases are pending and 81 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 57 | 4 | 4 |
| District courts | 25 | 24 | 2 |
| Supreme Court | 4 | 1 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 87)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed by the company against Dauji Ispat Private Limited | Pending |
| Supreme Court | Court case (1815-Ordinary Civil Matters : Matters relating to Electricity Dispute(connection/disconnection etc)) | Filed by the company against U.P. Power Corporation Limited Through Its Chairman and Managing Director Shakti Bhawan, 14, Ashoka Marg , , Uttar Pradesh and 8 others | Disposed |
| District court, New Delhi, Delhi | Criminal case | Filed by the company against Umaxe Projects Pvt. Ltd. and Anr. | Disposed |
| District court, South West, Delhi | Civil suit | Filed against the company by State | Pending |
| High Court, UTTARPRADESH | Court case (WTAX) | Filed by the company against Deputy Commissioner State Tax Sector-1 and Another | Pending |
To see the full case history of Rathi Industries 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
Rathi Industries Limited has 3 MSME Form 1 returns on record between 2019 and 2022, listing 29 overdue payments to 19 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 19)
To see the full MSME payment records of Rathi Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Rathi Industries Limited has a workforce of 27 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Rathi Industries has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAACR0462Q1Z0 | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rathi Industries Limited, buy the company report.
Recent activity
Rathi Industries Limited has 33 board changes on record since 1996: 20 appointments and 13 cessations. The latest: Kailash was appointed as Director on 15 Jul 2024.
75 earlier events are in the company report.
Frequently asked questions
Rathi Industries is an active public limited company based in New Delhi, Delhi, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 29 November 1991 (35+ years old) and is registered under CIN L74899DL1991PLC046570.
Rathi Industries has 6 current directors:
- Vikas Rathi - Managing Director
- Mukesh Kumar Bhardwaj - Whole-Time Director
- Mona Gupta - Director
- Vinay Rathi - Director
- Kailash - Director
- Parminder Singh Kalsi - Director
The latest financial statements of Rathi Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Rathi Industries is 09AAACR0462Q1Z0, registered in Uttar Pradesh. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Rathi Industries is L74899DL1991PLC046570. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rathi Industries is recorded as a listed company by MCA, but its shares were delisted from BSE, and no longer trade on a stock exchange.
Rathi Industries has 87 court cases on record: 57 filed by the company and 30 filed against it. 6 are pending. Most are in the high courts.
Rathi Industries was incorporated on 29 November 1991, making it 35+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Rathi Industries by revenue are Global Ispaat Private Limited, Dilip Rerolling Private Limited, Jindal Metals & Alloys Limited, Bhagwati Power and Steel Limited, Indian Ispat Works Private Limited and 3 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Kailash was appointed as Director on 15 Jul 2024. Ghanshyam Tiwari ceased to be Director on 20 Apr 2024. Parminder Singh Kalsi was appointed as Director on 14 Feb 2024. Rathi Industries has 33 board changes on record in total.
Rathi Industries has 3 MSME Form 1 returns on record between 2019 and 2022, listing 29 overdue payments to 19 micro and small suppliers. The latest return was filed on 30 Apr 2022.
Rathi Industries can be reached through the website rathistelmax.com. Its registered office is in New Delhi, Delhi, India.