MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-18-0149649
Ray Constructions Limited - infrastructure and utilities in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹81.29 Cr
▼ 25% YoY
Net profit · FY 2025
₹1.08 Cr
Net margin 1.3%
EBITDA · FY 2025
₹6.08 Cr
EBITDA margin 7.5%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.66 Cr
Issued & subscribed
Open charges
₹144.44 Cr
Satisfied ₹63.14 Cr
Company age
40 yrs
Est. 1986
Employees · EPFO
765
Provident fund records
About Ray Constructions Limited
Data last updated:
Ray Constructions Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 26 September 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1986PLC041047. Its GSTIN is 27AAACR5277K1ZZ (Maharashtra). The company holds 13 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.66 Cr. It was formerly known as Ray Constructions Private Limited. It is led by directors including Mukaladiyil Kochukunju Varghese (Managing Director) and Joshua Varghese Mukaladiyil (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 Plot No.2 Ray Compund Opposite Iit Market Powai Mumbai, Maharashtra, India – 400076.
As per the financials filed for FY 2025, the company reported a revenue of ₹81.29 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹1.08 Cr (net margin 1.3%) and EBITDA of ₹6.08 Cr (EBITDA margin 7.5%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years and 11% over five years.
The company has about 765 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹144.44 Cr and satisfied charges of ₹63.14 Cr on record. Court records list 70 cases involving the company, including 44 filed by the company and 26 filed against it; 8 cases are pending. The company has 10 deals on record (8 secondary share transfers, 2 funding rounds), with disclosed funding of ₹5.22 Cr; the latest was in September 2023.
Ray Constructions Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-18-0149649). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rayindia.co.
Company details
CIN U45200MH1986PLC041047
Registration Number 041047
Incorporation Date 26 September 1986
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-18-0149649
CIN history
Ray Constructions has one previous CIN (Corporate Identification Number): U45200MH1986PTC041047. The current CIN is U45200MH1986PLC041047, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200MH1986PLC041047 | Current |
| U45200MH1986PTC041047 | Previous |
Key People
Mukaladiyil Kochukunju Varghese Managing Director Joshua Varghese Mukaladiyil Whole-Time Director Mukaladiyil Kochukunju Thomas Director Recognitions & Rankings of Ray Constructions
Contact details
Ray Constructions Limited's registered office is in Mumbai, Maharashtra. Its website is rayindia.co. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.2 Ray Compund Opposite Iit Market Powai Mumbai, Maharashtra, India – 400076
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Ray Constructions Limited, buy the company report.
Comprehensive company report
Ray Constructions 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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Secure checkout · GST invoice included
Business activity
The main business activity of Ray Constructions is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Ray Constructions Limited, buy the company report.
Financials of Ray Constructions Limited
FY 2024 filings availableRay Constructions Limited reported revenue of ₹81.29 Cr (down 25% YoY) for FY 2025.
Revenue · FY 2025
₹81.29 Cr ▼ 25%
Net profit · FY 2025
₹1.08 Cr margin 1.3%
EBITDA · FY 2025
₹6.08 Cr margin 7.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 25%
3 years · compounded
▼ 18%
5 years · compounded
▼ 11%
EBITDA CAGR growth
1 year
▼ 27%
3 years · compounded
▼ 22%
5 years · compounded
▼ 12%
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 25% fall in the latest year. EBITDA fell 27% 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 | ₹6.08 Cr | ||||
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| Net Profit (PAT) | ₹1.08 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 | 7.5% | ||||
| Net Profit Margin | 1.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ray Constructions Limited, buy the company report.
Board of directors of Ray Constructions Limited
Ray Constructions has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukaladiyil Kochukunju Thomas | Director | 29 Sep 1986 | 40 Years 0 Months | Current |
| Jaikumar Jhamandas Bhambhaney | Director | 28 Nov 1986 | 39 Years 10 Months | Current |
| Mukaladiyil Kochukunju Varghese Also directs: Ray Life Spaces LLP, Shieldpro Products and Solutions LLP, Ray Engineering Private Limited and 2 more | Managing Director | 29 Sep 1986 | 40 Years 0 Months | Current |
| Joshua Varghese Mukaladiyil Also directs: Ray Life Spaces LLP, Shieldpro Products and Solutions LLP | Whole-Time Director | 24 Oct 2019 | 7 Years 0 Months | Current |
| Sanjay Shridharrao Bokare | Director | 28 Oct 2021 | 4 Years 11 Months | Current |
| Alexander Chandpillai Mathen Also directs: Mathenson Records Management Private Limited | Director | 26 Jul 2017 | 9 Years 2 Months | Current |
Auditor
Ray Constructions Limited is audited by Aniket Kulkarni & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Aniket Kulkarni & Associates | FY 2023 | 130521W |
Shareholding
The shareholding of Ray Constructions 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 Ray Constructions Limited, buy the company report.
Charges & borrowings
Open charges
₹144.44 Cr
Satisfied charges
₹63.14 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Oct 2025 | 101191795 | Others | ₹13 Lakh | Open | |
| 03 Jul 2025 | 101121780 | Others | ₹14 Lakh | Open | |
| 27 Feb 2025 | 101063126 | Canara Bank | ₹32.6 Lakh | Open | |
| 31 Jan 2025 | 101054280 | Others | ₹10 Lakh | Open | |
| 31 Jan 2025 | 101058356 | Others | ₹70 Lakh | Open |
To see the full charge records of Ray Constructions Limited, buy the company report.
Total charge records: 88 View all charges
Deals & funding
Ray Constructions Limited has 10 deals on record (8 secondary share transfers, 2 funding rounds), with disclosed funding of ₹5.22 Cr; the latest was in September 2023.
Total deals
10
Secondary share transfers
8
Funding rounds
2
Disclosed funding
₹5.22 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2023 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Feb 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2015 | Funding round | ₹4.57 Cr | Investors: Ray Engineering Private Limited , 3 individuals |
| Dec 2009 | Secondary share transfer | Undisclosed | Buyer: Ray Engineering Private Limited , 3 individuals Seller: 4 individuals |
To see the full deal history of Ray Constructions 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
Ray Constructions Limited has 70 court cases on record: 44 filed by Ray Constructions, 26 filed against it. 8 cases are pending and 62 are disposed.
Total cases
70
Filed by the company
44
Filed against the company
26
Pending
8
Disposed
62
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 40 | 9 | 3 |
| District courts | 30 | 17 | 5 |
Cases on record (5 of 70)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Interim or miscellaneous application | Filed by the company against Hindustan Petroleum Corporation Ltd | Pending |
| High Court | Writ petition | Filed by the company against Cochin International Airport Ltd. and 9 others | Pending |
| High Court of Kerala | Court case (AR) | Filed by the company against Inkel Limited | Disposed |
| High Court, MAHARASHTRA | Arbitration matter | Filed by the company against Hindustan Petroleum Corporation Ltd | Disposed |
| District court, Ernakulam, Kerala | Civil suit | Filed by the company against M/S. Vijaya Foundations Pvt Ltd | Disposed |
To see the full case history of Ray Constructions 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
Ray Constructions Limited was last rated by Crisil on 14 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 14 Sep 2020 |
To see the full credit ratings and regulatory alerts of Ray Constructions Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ray Constructions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ray Constructions Limited has a workforce of 765 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
765
Active EPFO establishments
1
Employee growth
-1.92%
GST
Ray Constructions has 13 GST registrations: 10 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
13
Active
10
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACR5277K1ZZ | Maharashtra | Active | 01 Jul 2017 |
| 27AAACR5277K2ZY | Maharashtra | Active | 18 Dec 2021 |
| 29AAACR5277K1ZV | Karnataka | Active | 01 Jul 2017 |
| 32AAACR5277K1Z8 | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ray Constructions Limited, buy the company report.
Recent activity
Ray Constructions Limited has 16 board changes on record since 1986: 11 appointments and 5 cessations. The latest: Sanjay Shridharrao Bokare was appointed as Director on 28 Oct 2021.
Charges
A charge with Others amounted to Rs. 0.13 Cr with Charge ID 101191795 was registered on 07 Oct 2025.
Charges
A charge with Canara Bank of Rs. 58.10 Cr registered on 18 Oct 1995 with Charge ID 80016533 was modified on 17 Jul 2025.
Charges
A charge with Others amounted to Rs. 0.14 Cr with Charge ID 101121780 was registered on 03 Jul 2025.
Charges
A charge registered on 30 Mar 2023 via Charge ID 100723627 with Others was fully satisfied on 20 May 2025.
Charges
A charge registered on 13 Feb 2020 via Charge ID 100329196 with The South Indian Bank Limited was fully satisfied on 24 Apr 2025.
Charges
A charge with Canara Bank amounted to Rs. 0.33 Cr with Charge ID 101063126 was registered on 27 Feb 2025.
Charges
A charge with Others amounted to Rs. 0.10 Cr with Charge ID 101054280 was registered on 31 Jan 2025.
Charges
A charge with Others amounted to Rs. 0.70 Cr with Charge ID 101058356 was registered on 31 Jan 2025.
Charges
A charge with Others amounted to Rs. 0.40 Cr with Charge ID 101058354 was registered on 25 Jan 2025.
Charges
A charge with Others amounted to Rs. 0.40 Cr with Charge ID 101058355 was registered on 25 Jan 2025.
Charges
A charge with Others amounted to Rs. 0.25 Cr with Charge ID 101058353 was registered on 16 Jan 2025.
Charges
A charge registered on 28 Sep 1995 via Charge ID 90226525 with Sundaram Finance Ltd was fully satisfied on 03 Jan 2025.
154 earlier events are in the company report.
Frequently asked questions
Ray Constructions is an active public limited company based in Mumbai, Maharashtra, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 26 September 1986 (40+ years old) and is registered under CIN U45200MH1986PLC041047.
Ray Constructions has 6 current directors:
- Mukaladiyil Kochukunju Varghese - Managing Director
- Joshua Varghese Mukaladiyil - Whole-Time Director
- Mukaladiyil Kochukunju Thomas - Director
- Jaikumar Jhamandas Bhambhaney - Director
- Sanjay Shridharrao Bokare - Director
- Alexander Chandpillai Mathen - Director
The latest financial statements of Ray Constructions 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 GSTIN of Ray Constructions is 27AAACR5277K1ZZ, registered in Maharashtra. The company has 13 GST registrations in all, of which 10 are active and 3 are cancelled or inactive. Other active GSTINs include 27AAACR5277K2ZY (Maharashtra), 29AAACR5277K1ZV (Karnataka), 32AAACR5277K1Z8 (Kerala).
The CIN (Corporate Identification Number) of Ray Constructions is U45200MH1986PLC041047. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ray Constructions has 70 court cases on record: 44 filed by the company and 26 filed against it. 8 are pending. Most are in the high courts.
Ray Constructions was incorporated on 26 September 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.
Ray Constructions has 10 deals on record (8 secondary share transfers, 2 funding rounds), with disclosed funding of ₹5.22 Cr; the latest was in September 2023.
Sanjay Shridharrao Bokare was appointed as Director on 28 Oct 2021. Jeslie Cherian ceased to be Director on 09 Sep 2020. Joshua Varghese Mukaladiyil was appointed as Whole-Time Director on 24 Oct 2019. Ray Constructions has 16 board changes on record in total.
Yes, Ray Constructions is registered as an MSME under Udyam registration (number: UDYAM-MH-18-0149649).