About Rathi Saria Limited
Data last updated:
Rathi Saria 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 October 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U27109DL1997PLC090477. Its GSTIN is 07AAACR7912D1ZM (Delhi). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.61 Cr. It is led by directors including Akhilesh Kumar Jha and Ramesh Chandra Gurjar.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Property No A – 1/307, T/F Jj Colony Madan Gir, New Delhi, Delhi, India – 110062.
As per the financials filed for FY 2020, the company reported a revenue of ₹2.95 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹33.88 Lakh (net margin -11.5%) and EBITDA of -₹23.78 Lakh (EBITDA margin -8.1%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years and 33% over five years.
As per MCA filings, the company has open charges of ₹11.49 Cr on record. Court records list 12 cases involving the company, including 7 filed by the company and 5 filed against it; 2 cases are pending. The company has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹10.46 Cr; the latest was in February 2019. Its 5 peer companies in the Metals and Minerals industry (Metals, Steel), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 2 smaller; the largest is Amaze Engineering Private Limited with revenue of ₹2.95 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rathisteel.net.
Company details
Contact details
Rathi Saria Limited's registered office is in New Delhi, Delhi. Its website is rathisteel.net. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressProperty No A – 1/307, T/F Jj Colony Madan Gir, New Delhi, Delhi, India – 110062
- IndustryMetals and Minerals, Steel Manufacturing & Processing, Metal Manufacturing & Processing
To see the full contact details of Rathi Saria 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 Saria 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 |
Financials of Rathi Saria Limited
FY 2020 filings availableRathi Saria Limited reported revenue of ₹2.95 Cr (up 998% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 998% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 33%. EBITDA fell 559% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.95 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹23.78 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹33.88 Lakh | ||||
| 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -8.1% | ||||
| Net Profit Margin | -11.5% | ||||
| 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 Rathi Saria Limited, buy the company report.
Board of directors of Rathi Saria Limited
Rathi Saria has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akhilesh Kumar Jha Also directs: Rathi Indore Steels Private Limited, Gdrai Steel Private Limited, N S Mould Makers Private Limited and 2 more | Director | 02 Aug 2019 | 7 Years 2 Months | Current |
| Ramesh Chandra Gurjar | Additional Director | 01 Dec 2020 | 5 Years 10 Months | Current |
| Pankaj Gupta Also directs: Rathi Indore Steels Private Limited, Gdrai Steel Private Limited, N S Mould Makers Private Limited and 3 more | Additional Director | 01 Aug 2020 | 6 Years 2 Months | Current |
Peer comparison
Rathi Saria Limited is compared with the 5 companies closest to it by revenue in the Metals and Minerals industry (Metals, 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 |
|---|---|---|---|---|---|---|
| Amaze Engineering Private Limited | ₹2.95 Cr (FY 2025) | 3.0% | New Delhi, Delhi, India | |||
| Steelex Electrocast Private Limited | ₹2.95 Cr (FY 2025) | -97.0% | Kolkata, West Bengal, India | |||
| VSN Techmac Steels and Heat Treaters Private Limited | ₹2.95 Cr (FY 2025) | 70.0% | Chennai, Tamil Nadu, India | |||
| Rathi Saria Limitedthis company | ₹2.95 Cr (FY 2020) | -₹33.88 Lakh | -11.5% | 998.0% | New Delhi, Delhi, India | |
| Neotech Foundries Private Limited | ₹2.94 Cr (FY 2019) | Bhilai, Chhattisgarh, India | ||||
| LKLS World Private Limited | ₹2.94 Cr (FY 2025) | -7.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Rathi Saria Limited, buy the company report.
Auditor
Rathi Saria Limited is audited by KRISHAN RAKESH & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KRISHAN RAKESH & CO | FY 2020 | 009088N |
Shareholding
The shareholding of Rathi Saria Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Rathi Saria Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 May 2019 | 100272626 | Others | ₹11 Cr | Open | |
| 29 Dec 2011 | 10332520 | Corporation Bank | ₹48.87 Lakh | Open |
Total charge records: 2 View all charges
Deals & funding
Rathi Saria Limited has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹10.46 Cr; the latest was in February 2019.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2019 | Funding round | ₹9.45 Cr | Investors: 2 individuals |
| May 2014 | Funding round | ₹90 Lakh | Investors: Evalina Powertec Systems Private Limited , DP Equity Consultant Private Limited |
| Aug 2012 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Aug 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2007 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Ramdev Holdings Private Limited, 3 individuals |
To see the full deal history of Rathi Saria 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
Rathi Saria Limited has 12 court cases on record: 7 filed by Rathi Saria, 5 filed against it. 2 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 5 | 2 |
| High courts | 1 | 0 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Cheque dishonour complaint | Filed by the company against Naovina Nidhi Limited and 2 others | Pending |
| Supreme Court | Court case (2804-Mercantile Laws, Commercial Transactions Including Banking : Trade Marks/Copy Rights/Patents/Design Act) | Filed by the company against 8 Bhumija Ispat LLP Director D-1103, Royal Classic, Next to City Mall, New Link Road, Lokhandwala, Andheri (West) ,Mumbai , Maharashtra and 24 others | Disposed |
| District court, South, Delhi | Civil suit | Filed by the company against Shree Jagdambay Castings Private Limited and 2 others | Disposed |
| District court, South, Delhi | Civil suit | Filed by the company against Young Steels Private Limited and 2 others | Disposed |
| District court, South, Delhi | Arbitration matter | Filed against the company by Capital First Ltd. | Disposed |
To see the full case history of Rathi Saria 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
No delayed payments to MSME suppliers are on our record for Rathi Saria Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rathi Saria has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACR7912D1ZM | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rathi Saria Limited, buy the company report.
Recent activity
Rathi Saria Limited has 16 board changes on record since 2009: 3 appointments and 13 cessations. The latest: Ramesh Chandra Gurjar was appointed as Additional Director on 01 Dec 2020.
9 earlier events are in the company report.
Frequently asked questions
Rathi Saria 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 October 1997 (29+ years old) and is registered under CIN U27109DL1997PLC090477.
Rathi Saria has 3 current directors:
- Akhilesh Kumar Jha - Director
- Ramesh Chandra Gurjar - Additional Director
- Pankaj Gupta - Additional Director
The latest financial statements of Rathi Saria on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Rathi Saria is 07AAACR7912D1ZM, registered in Delhi. 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 Saria is U27109DL1997PLC090477. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rathi Saria has 12 court cases on record: 7 filed by the company and 5 filed against it. 2 are pending. Most are in the district courts.
Rathi Saria was incorporated on 29 October 1997, making it 29+ years old. It is registered with the Registrar of Companies, Delhi.
Rathi Saria has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹10.46 Cr; the latest was in February 2019.
The peers of Rathi Saria by revenue are Amaze Engineering Private Limited, Steelex Electrocast Private Limited, VSN Techmac Steels and Heat Treaters Private Limited, Neotech Foundries Private Limited, LKLS World Private Limited, all in the Metals and Minerals industry (Metals, Steel), with the same principal business activity (metal and metal products).
Ramesh Chandra Gurjar was appointed as Additional Director on 01 Dec 2020. Anuj Sharma ceased to be Director on 12 Oct 2020. Pankaj Gupta was appointed as Additional Director on 01 Aug 2020. Rathi Saria has 16 board changes on record in total.
Rathi Saria can be reached through the website rathisteel.net. Its registered office is in New Delhi, Delhi, India.