India's Richest People 2026 edition · 1 director · Source: Hurun India
- #139 Harsh Vardhan Goenka & family ₹25,500 Cr
Revenue · FY 2025
₹1,402.51 Cr
▲ 11% YoY
Net profit · FY 2025
₹116.57 Cr
Net margin 8.3%
EBITDA · FY 2025
₹196.99 Cr
EBITDA margin 14%
Authorised capital
₹8 Cr
Registered with MCA
Paid-up capital
₹3 Cr
Issued & subscribed
Open charges
₹450 Cr
Satisfied ₹242.6 Cr
Company age
42 yrs
Est. 1984
Directors on board
10
As per MCA filings
About Raychem-Rpg Private Limited
Data last updated:
Raychem-Rpg Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 18 August 1984 and has been in existence for over 42 years.
Its director Harsh Vardhan Goenka and family are #139 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH1984PTC033786. Its GSTIN is 27AAACR8032L1Z6 (Maharashtra). The company holds 21 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹3 Cr. It was formerly known as Radiation Technologies India Ltd and Raychem-Rpg Limited. It is led by directors including Timothy Bernard Mhagama and Anant Vardhan Goenka.
Its last annual general meeting (AGM) was held on 24 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Rpg House 463 Dr. Annie Besant Road Worli, Mumbai, Maharashtra, India – 400030.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,402.51 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹116.57 Cr (net margin 8.3%) and EBITDA of ₹196.99 Cr (EBITDA margin 14%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 6% over five years.
The company is associated with 1 brand: Raychem RPG. As per MCA filings, the company has open charges of ₹450 Cr and satisfied charges of ₹242.6 Cr on record. Court records list 126 cases involving the company, including 79 filed by the company and 47 filed against it; 25 cases are pending. The company has 4 deals on record (3 secondary share transfers, 1 acquisition); the latest was in August 2014. Its 7 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 4 larger and 3 smaller; the largest is Eaton Power Quality Private Limited with revenue of ₹1,492.37 Cr. The company has 37 MSME Form 1 returns on record between 2018 and 2024, listing 3,687 overdue payments to 269 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website raychemrpg.com.
Company details
CIN U74999MH1984PTC033786
Registration Number 033786
Incorporation Date 18 August 1984
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 24 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Name history
Raychem-Rpg has undergone 3 name changes throughout its history. The company was previously known as Radiation Technologies India Ltd, Raychem-Rpg Limited, and Radiation Technologies India Pvt Ltd. The current legal name is Raychem-Rpg Private Limited.
| Company Name | Status |
|---|---|
| Raychem-Rpg Private Limited | Current |
| Radiation Technologies India Ltd | Previous |
| Raychem-Rpg Limited | Previous |
| Radiation Technologies India Pvt Ltd | Previous |
CIN history
Raychem-Rpg has one previous CIN (Corporate Identification Number): U74999MH1984PLC033786. The current CIN is U74999MH1984PTC033786, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH1984PTC033786 | Current |
| U74999MH1984PLC033786 | Previous |
Key People
Timothy Bernard Mhagama Director Anant Vardhan Goenka Director Srinivasan Viswanath Director Recognitions & Rankings of Raychem-Rpg
Contact details
Raychem-Rpg Private Limited's registered office is in Mumbai, Maharashtra. Its website is raychemrpg.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressRpg House 463 Dr. Annie Besant Road Worli, Mumbai, Maharashtra, India – 400030
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Raychem-Rpg Private Limited, buy the company report.
Comprehensive company report
Raychem-Rpg Private 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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Brands
Raychem-Rpg operates one associated brand: Raychem RPG. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Engineering solutions for energy, infrastructure, and transportation sectors. | raychemrpg.com |
Business activity
The main business activity of Raychem-Rpg is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Raychem-Rpg Private Limited, buy the company report.
Financials of Raychem-Rpg Private Limited
FY 2024 filings availableRaychem-Rpg Private Limited reported revenue of ₹1,402.51 Cr (up 11% YoY) for FY 2025.
Revenue · FY 2025
₹1,402.51 Cr ▲ 11%
Net profit · FY 2025
₹116.57 Cr margin 8.3%
EBITDA · FY 2025
₹196.99 Cr margin 14%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 11%
3 years · compounded
▲ 5%
5 years · compounded
▲ 6%
EBITDA CAGR growth
1 year
▲ 34%
3 years · compounded
▲ 15%
5 years · compounded
▲ 32%
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 11% growth in the latest year. EBITDA rose 34% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Total Expenses | |||||
| EBITDA | ₹196.99 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹116.57 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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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 | 14% | ||||
| Net Profit Margin | 8.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Raychem-Rpg Private Limited, buy the company report.
Board of directors of Raychem-Rpg Private Limited
Raychem-Rpg has 10 current directors and 37 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Timothy Bernard Mhagama | Director | 24 Sep 2015 | 11 Years 1 Months | Current |
| Anant Vardhan Goenka Also directs: Spencer International Hotels Limited, Allwin Apartments LLP, Palacino Properties LLP and 5 more | Director | 20 Mar 2008 | 18 Years 7 Months | Current |
| Srinivasan Viswanath Also directs: Dri India Relays Private Limited, Cii Guardian International Limited, Schaffner India Private Limited and 1 more | Director | 11 Dec 2020 | 5 Years 10 Months | Current |
| Bart Arnold Marie Otten | Director | 28 Jun 2018 | 8 Years 4 Months | Current |
| Henno Siegfried Groell | Director | 14 Aug 2020 | 6 Years 2 Months | Current |
| Vimal Ramvallabh Kejriwal Also directs: Kec International Limited, Kec Asian Cables Limited, Kec Power India Private Limited and 3 more | Director | 28 Jun 2018 | 8 Years 4 Months | Current |
Showing 6 of 10 current directors. View all directors
Peer comparison
Raychem-Rpg Private Limited is compared with the 7 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Eaton Power Quality Private Limited | ₹1,492.37 Cr (FY 2025) | 15.0% | Puducherry, India | |||
| Kryfs Power Components Limited | ₹1,452.14 Cr (FY 2025) | 27.0% | Mumbai, Maharashtra, India | |||
| Grew Energy Private Limited | ₹1,429.59 Cr (FY 2025) | 605.0% | Ahmedabad, Gujarat, India | |||
| Salzer Electronics Limited | ₹1,423.67 Cr (FY 2025) | 22.0% | Tamil Nadu, India | |||
| Raychem-Rpg Private Limitedthis company | ₹1,402.51 Cr (FY 2025) | ₹116.57 Cr | 8.3% | 11.0% | Mumbai, Maharashtra, India | |
| C&S Electric Limited | ₹1,344.26 Cr (FY 2019) | 10.0% | New Delhi, Delhi, India | |||
| Rotomag Enertec Limited | ₹1,277.97 Cr (FY 2025) | 79.0% | Vithal Udyognagar, Gujarat, India | |||
| Atlanta Electricals Limited | ₹1,250.49 Cr (FY 2025) | 43.0% | Anand, Gujarat, India |
To see the full peer comparison of Raychem-Rpg Private Limited, buy the company report.
Auditor
Raychem-Rpg Private Limited is audited by BSR & Co. LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSR & Co. LLP | FY 2022 | 101248W/W-100022 |
Shareholding
The shareholding of Raychem-Rpg Private 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 Raychem-Rpg Private Limited, buy the company report.
Charges & borrowings
Open charges
₹450 Cr
Satisfied charges
₹242.6 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jul 2005 | 90241523 | State Bank of India | ₹450 Cr | Open | |
| 28 Feb 2014 | 10481344 | Kotak Mahindra Bank Limited | ₹14 Cr | Satisfied | |
| 29 Sep 2011 | 10313016 | State Bank of India | ₹20 Cr | Satisfied | |
| 24 Sep 2010 | 10243660 | Yes Bank Limited | ₹32 Cr | Satisfied | |
| 27 Jan 2009 | 10140464 | Standard Chartered Bank | ₹13 Cr | Satisfied |
To see the full charge records of Raychem-Rpg Private Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
Raychem-Rpg Private Limited has 4 deals on record (3 secondary share transfers, 1 acquisition); the latest was in August 2014.
Total deals
4
Secondary share transfers
3
Acquisition
1
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2014 | Acquisition | Undisclosed | Buyer: Te Connectivity India Private Limited Seller: Raychem-Rpg Private Limited |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Sri Parvathi Suthan Trading Company LLP , Raychem International Manufacturing LLC Seller: Sri Parvathi Suthan Trading Company Private Limited , Raychem Radiation Technologies Inc |
| Jun 2010 | Secondary share transfer | Undisclosed | Buyer: Sri Parvathi Suthan Trading Company Private Limited Seller: RPG Ventures |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Universal Industrial Fund Ltd. , RPG Cellular Investments & Holdings Private Limited Seller: Hilltop Holdings India Ltd , Jubilee Investments and Industries Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Raychem-Rpg Private Limited has 126 court cases on record: 79 filed by Raychem-Rpg, 47 filed against it. 25 cases are pending and 101 are disposed.
Total cases
126
Filed by the company
79
Filed against the company
47
Pending
25
Disposed
101
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 89 | 37 | 19 |
| High courts | 32 | 8 | 6 |
| NCLT | 2 | 1 | 0 |
| NCLAT | 2 | 1 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 126)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Shahdara, Delhi | Court case (Civ Suit) | Filed against the company by M/S Spectranet Projects LLP | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed by the company against Soura Natural Energy Solutions India Pvt. Ltd. and Ors 3 | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed by the company against Avinash Em Projects Pvt Ltd and 2 others | Pending |
| NCLT, Kochi | Insolvency matter | Filed against the company by Mukesh K.P Interim Resolution Professional Soura Natural Energy Solutions India Private Limited | Disposed |
| District court, Vadodara, Gujarat | Commercial matter | Filed by the company against Awwons Engineering and Technologies Pvt. Ltd. and 2 others | Disposed |
To see the full case history of Raychem-Rpg 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.
Credit ratings & regulatory alerts
Raychem-Rpg Private Limited was last rated by Care on 23 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 23 Dec 2021 |
To see the full credit ratings and regulatory alerts of Raychem-Rpg Private Limited, buy the company report.
MSME payment delays
Raychem-Rpg Private Limited has 37 MSME Form 1 returns on record between 2018 and 2024, listing 3,687 overdue payments to 269 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 269)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Alphalogic Industries Limited | |||
| Sila Solutions Private Limited | |||
| The Indian Electric Co | |||
| an individual supplier | |||
| Kunal Electro Platers |
To see the full MSME payment records of Raychem-Rpg Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Raychem-Rpg has 21 GST registrations: 8 active and 13 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
21
Active
8
Cancelled / inactive
13
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACR8032L1Z6 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACR8032L2Z5 | Maharashtra | Active | 02 Aug 2017 |
| 06AAACR8032L1ZA | Haryana | Active | 01 Jul 2017 |
| 07AAACR8032L1Z8 | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Raychem-Rpg Private Limited, buy the company report.
Recent activity
Raychem-Rpg Private Limited has 46 board changes on record since 1989: 13 appointments and 33 cessations. The latest: Sanjay Vijay Patil ceased to be Additional Director on 19 Sep 2022.
AGM
Raychem-Rpg Private Limited last Annual general meeting of members was held on 24 Sep 2024 as per latest MCA records.
Filing
Raychem-Rpg Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Sanjay Vijay Patil ceased to be Additional Director.
Ceased
Arun Hari Kakatkar ceased to be Director Appointed In Casual Vacancy.
Appointed
Sanjay Vijay Patil was appointed as Director.
Ceased
Rajat Bhargava ceased to be Director Appointed In Casual Vacancy.
Appointed
Rajat Bhargava was appointed as Director.
Ceased
Sachin Rajkumar Nandgaonkar ceased to be Director Appointed In Casual Vacancy.
Ceased
Henno Siegfried Groell ceased to be Director Appointed In Casual Vacancy.
Appointed
Rajesh Ganeshviswanathan was appointed as CFO.
Appointed
Srinivasan Viswanath was appointed as Director.
Ceased
Srinivasan Viswanath ceased to be Additional Director.
80 earlier events are in the company report.
News
Frequently asked questions
Raychem-Rpg is an active private limited company based in Mumbai, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 18 August 1984 (42+ years old) and is registered under CIN U74999MH1984PTC033786.
Raychem-Rpg has 10 current directors:
- Timothy Bernard Mhagama - Director
- Anant Vardhan Goenka - Director
- Srinivasan Viswanath - Director
- Bart Arnold Marie Otten - Director
- Henno Siegfried Groell - Director
- Vimal Ramvallabh Kejriwal - Director
- Rajat Bhargava - Director
- Sanjay Vijay Patil - Director
- Pramod Prabhakaran Menon - Director
- Harsh Vardhan Goenka - Director
The latest financial statements of Raychem-Rpg on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 24 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Raychem-Rpg is 27AAACR8032L1Z6, registered in Maharashtra. The company has 21 GST registrations in all, of which 8 are active and 13 are cancelled or inactive. Other active GSTINs include 27AAACR8032L2Z5 (Maharashtra), 06AAACR8032L1ZA (Haryana), 07AAACR8032L1Z8 (Delhi).
The CIN (Corporate Identification Number) of Raychem-Rpg is U74999MH1984PTC033786. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raychem-Rpg has 126 court cases on record: 79 filed by the company and 47 filed against it. 25 are pending. Most are in the district courts.
Raychem-Rpg was incorporated on 18 August 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
Raychem-Rpg has 4 deals on record (3 secondary share transfers, 1 acquisition); the latest was in August 2014.
The peers of Raychem-Rpg by revenue are Eaton Power Quality Private Limited, Kryfs Power Components Limited, Grew Energy Private Limited, Salzer Electronics Limited, C&S Electric Limited and 2 more, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Sanjay Vijay Patil ceased to be Additional Director on 19 Sep 2022. Arun Hari Kakatkar ceased to be Director Appointed In Casual Vacancy on 17 Dec 2021. Sanjay Vijay Patil was appointed as Director on 17 Dec 2021. Raychem-Rpg has 46 board changes on record in total.
Raychem-Rpg has 37 MSME Form 1 returns on record between 2018 and 2024, listing 3,687 overdue payments to 269 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Raychem-Rpg can be reached through the website raychemrpg.com. Its registered office is in Mumbai, Maharashtra, India.