About Ray Engineering Private Limited
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Ray Engineering Private Limited is a private 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 22 September 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45201MH2006PTC164846. Its GSTIN is 27AADCR3859G1Z5 (Maharashtra). The company holds 13 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹14.5 Cr and a paid-up capital of ₹7.76 Cr. It was formerly known as Ray Engineering Limited. It is led by directors Mukaladiyil Kochukunju Thomas (Managing Director) and Mukaladiyil Kochukunju Varghese.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹405.19 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹7.39 Cr (net margin 1.8%) and EBITDA of ₹21.85 Cr (EBITDA margin 5.4%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 10% over five years.
The company has about 1,791 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹273.18 Cr and satisfied charges of ₹99.24 Cr on record. Court records list 36 cases involving the company, including 17 filed by the company and 19 filed against it; 10 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 rayindia.co.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No – 02 Ray Compound Opp – Iit Market A.S.Marg Post I T P, Owai, Mumbai, Maharashtra, India – 400076
- IndustryInfrastructure and Utilities, General Construction Services
- 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
- One PDF report, delivered after checkout
Business Activity of Ray Engineering Private Limited
The main business activity of Ray Engineering is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Ray Engineering Private Limited FY 2025 filings available
Ray Engineering Private Limited reported revenue of ₹405.19 Cr (up 13% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ray Engineering Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 13% growth in the latest year. EBITDA rose 9% 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 of Ray Engineering Private Limited
| 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 | ₹21.85 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.39 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 of Ray Engineering Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ray Engineering are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Ray Engineering Private Limited
Ray Engineering Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Construction Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Saket Infraprojects Private Limited | •••• | •••• | •••• | •••• | 26 | Mumbai, Maharashtra, India |
| Maharashtra Border Check Post Network Limited | •••• | •••• | •••• | •••• | 510 | Ahmedabad, Gujarat, India |
| Balajikrupa Projects Private Limited | •••• | •••• | •••• | •••• | - | Bangalore North, Karnataka, India |
| Raj Infrastructure Development (India) Private Limited | •••• | •••• | •••• | •••• | 489 | Pune, Maharashtra, India |
| Venkata Praneeth Developers Private Limited | •••• | •••• | •••• | •••• | 328 | Hyderabad, Telangana, India |
| Ray Engineering Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Takenaka India Private Limited | •••• | •••• | •••• | •••• | - | Dlf Qe, Haryana, India |
| Threlakshaa Dealers Private Limited | •••• | •••• | •••• | •••• | - | Coimbatore, Tamil Nadu, India |
| Last Mile Enterprises Limited Listed | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Desai Construction Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Bansal Infratech Synergies India Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Ray Engineering by revenue in the Infrastructure industry (Construction Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Ray Engineering Private Limited
Ray Engineering Private Limited is audited by Aniket Kulkarni & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Aniket Kulkarni & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Ray Engineering Private Limited
Ray Engineering has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukaladiyil Kochukunju Thomas | Managing Director | 22 Sep 2006 | 20 Years 0 Months | Current |
| Mukaladiyil Kochukunju Varghese Also directs: Ray Life Spaces LLP, Shieldpro Products and Solutions LLP, Ray Constructions Limited and 2 more | Director | 22 Sep 2006 | 20 Years 0 Months | Current |
Ownership and Shareholding of Ray Engineering Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ray Engineering Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Jun 2025 | Others | ₹1.01 Cr | Open |
| 31 May 2025 | Others | ₹32 Lakh | Open |
| 28 May 2025 | Others | ₹35 Lakh | Open |
| 17 May 2025 | Canara Bank | ₹10.9 Lakh | Open |
| 07 Apr 2025 | Canara Bank | ₹9.4 Lakh | Open |
Total charge records: 148 View all charges
Legal Cases of Ray Engineering Private Limited
Ray Engineering Private Limited has 36 court cases on record: 17 filed by Ray Engineering, 19 filed against it. 10 cases are pending and 26 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 18 | 1 | 3 |
| District courts | 18 | 18 | 7 |
Cases on record (5 of 36)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Court case (AR) | Filed by the company against Cochin International Airport Limited | Disposed |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by an individual | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by an individual | Pending |
| District court, Pune, Maharashtra | Commercial suit | Filed against the company by BM Walunj and Co | Pending |
| District court, Ernakulam, Kerala | Civil suit | Filed against the company by an individual | Pending |
Full case history
All 36 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Ray Engineering Private Limited
Ray Engineering Private Limited has a workforce of 1,791 employees as of Mar 31, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Ray Engineering Private Limited
Ray Engineering has one previous CIN (Corporate Identification Number): U45201MH2006PLC164846. The current CIN is U45201MH2006PTC164846, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201MH2006PTC164846 | Current |
| U45201MH2006PLC164846 | Previous |
Recent Activity on Ray Engineering Private Limited
Ray Engineering Private Limited has 11 board changes on record since 2006: 2 appointments and 9 cessations. The latest: Bhargavan Sathyan ceased to be Director on 04 Mar 2025.
257 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ray Engineering Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Ray Engineering Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ray Engineering Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ray Engineering Private Limited
Ray Engineering has 13 GST registrations: 10 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCR3859G1Z5 | Maharashtra | Active | 01 Jul 2017 |
| 27AADCR3859G2Z4 | Maharashtra | Active | 26 Mar 2025 |
| 08AADCR3859G1Z5 | Rajasthan | Active | 01 Jul 2017 |
| 21AADCR3859G1ZH | Odisha | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ray Engineering Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ray Engineering Private Limited
Ray Engineering is an active private limited company based in Mumbai, Maharashtra, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 22 September 2006 (20+ years old) and is registered under CIN U45201MH2006PTC164846.
Ray Engineering reported revenue of ₹405.19 Cr for FY 2025 (up 13% YoY).
Ray Engineering has 2 current directors:
- Mukaladiyil Kochukunju Thomas - Managing Director
- Mukaladiyil Kochukunju Varghese - Director
Ray Engineering reported a net profit of ₹7.39 Cr (net margin 1.8%) and EBITDA of ₹21.85 Cr (EBITDA margin 5.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ray Engineering is 9% over three years and 10% over five years. In the latest year (FY 2025) revenue rose 13%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ray Engineering is 27AADCR3859G1Z5, 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 27AADCR3859G2Z4 (Maharashtra), 08AADCR3859G1Z5 (Rajasthan), 21AADCR3859G1ZH (Odisha).
The CIN (Corporate Identification Number) of Ray Engineering is U45201MH2006PTC164846. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ray Engineering has 36 court cases on record: 17 filed by the company and 19 filed against it. 10 are pending. Most are in the high courts.
Ray Engineering was incorporated on 22 September 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ray Engineering by revenue are Saket Infraprojects Private Limited, Maharashtra Border Check Post Network Limited, Balajikrupa Projects Private Limited, Raj Infrastructure Development (India) Private Limited, Venkata Praneeth Developers Private Limited and 5 more, all in the Infrastructure industry (Construction Services).
Bhargavan Sathyan ceased to be Director on 04 Mar 2025. Joshua Varghese Mukaladiyil ceased to be Director on 25 Jan 2024. Hanoh Thomas ceased to be Additional Director on 30 Nov 2021. Ray Engineering has 11 board changes on record in total.