About Reacon Engineers (India) Pvt Ltd
Data last updated:
Reacon Engineers (India) Pvt Ltd is a private limited company based in Kolkata, West Bengal, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the engineering design and consultancy segment of the engineering sector. It was incorporated on 25 October 1988.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U45201WB1988PTC045417. Its GSTIN is 07AABCR4686F1Z8 (Delhi). The company holds 10 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹9.02 Cr. It is led by directors including Pinaki Ray (Managing Director) and Avishek Roy (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Kolkata, West Bengal.
As per the financials filed for FY 2022, the company reported a revenue of ₹21.72 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹19.47 Lakh (net margin 0.9%) and EBITDA of ₹1.31 Cr (EBITDA margin 6%). Revenue has declined at a compounded annual rate (CAGR) of 22% over five years.
The company has about 17 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: Reacon Group. As per MCA filings, the company has open charges of ₹301.89 Cr and satisfied charges of ₹3.85 Cr on record. Court records list 97 cases involving the company, including 32 filed by the company and 66 filed against it; 19 cases are pending.
The last known website on record is reacongroup.com.
Company details
Contact details
Reacon Engineers (India) Pvt Ltd's registered office is in Kolkata, West Bengal. Its website is reacongroup.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address227 Kamalalaya Centre 156A Lenin Sarani, India, Kolkata, West Bengal, India – 700013
- IndustryEngineering, Engineering Design & Consultancy
To see the full contact details of Reacon Engineers (India) Pvt Ltd, 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
Brands
Reacon Engineers (India) operates one associated brand: Reacon Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| It serves as a home. | reacongroup.com |
Business activity
The main business activity of Reacon Engineers (India) is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Reacon Engineers (India) Pvt Ltd, buy the company report.
Financials of Reacon Engineers (India) Pvt Ltd
FY 2022 filings availableReacon Engineers (India) Pvt Ltd reported revenue of ₹21.72 Cr (up 835% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 835% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 22%. EBITDA rose 43% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Total Revenue | ₹21.72 Cr | ||||
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| EBITDA | ₹1.31 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹19.47 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 6% | ||||
| Net Profit Margin | 0.9% | ||||
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To see the full financial statements and ratios of Reacon Engineers (India) Pvt Ltd, buy the company report.
Board of directors of Reacon Engineers (India) Pvt Ltd
Reacon Engineers (India) has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pinaki Ray | Managing Director | 25 Oct 1988 | 38 Years 0 Months | As last reported |
| Pratim Bayal Also directs: Crumble Cuisine Private Limited | Irp/Rp/Liquidator | 17 Oct 2023 | 3 Years 0 Months | As last reported |
| Avishek Roy | Whole-Time Director | 25 Oct 1988 | 38 Years 0 Months | As last reported |
| Sanjeev Jhunjhunwala Also directs: Egress Insolvency Professionals LLP | Irp/Rp/Liquidator | 22 Jan 2025 | 1 Years 9 Months | As last reported |
Auditor
Reacon Engineers (India) Pvt Ltd is audited by N.B. Bal & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N.B. Bal & Associates | FY 2022 | 3180418E |
Shareholding
The shareholding of Reacon Engineers (India) Pvt Ltd is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Reacon Engineers (India) Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Nov 2013 | 10469938 | Indusind Bank | ₹46.5 Lakh | Open | |
| 10 Sep 2013 | 10454665 | United Bank of India | ₹72 Cr | Open | |
| 28 Nov 2011 | 10329337 | Indusind Bank Ltd. | ₹5.6 Lakh | Open | |
| 30 Aug 2011 | 10312968 | Indusind Bank Ltd. | ₹8 Lakh | Open | |
| 27 Aug 2011 | 10312023 | Indusind Bank Ltd. | ₹17 Lakh | Open |
To see the full charge records of Reacon Engineers (India) Pvt Ltd, buy the company report.
Total charge records: 30 View all charges
Legal cases
Reacon Engineers (India) Pvt Ltd has 97 court cases on record: 32 filed by Reacon Engineers (India), 66 filed against it. 19 cases are pending and 78 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 66 | 54 | 13 |
| High courts | 25 | 7 | 4 |
| Supreme Court | 2 | 2 | 1 |
| NCLT | 2 | 1 | 0 |
| NCLAT | 2 | 2 | 1 |
Cases on record (5 of 97)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by Ircon International Ltd. | Pending |
| District court, South East, Delhi | Civil suit | Filed against the company by Bses Rajdhani Power Ltd | Pending |
| High Court | Arbitration matter | Filed against the company by Electrosteel Castings Limited Mohua Dewanjee | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Tata Capital Financial Services Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Kotak Mahindra Bank Ltd. | Pending |
To see the full case history of Reacon Engineers (India) Pvt Ltd, 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 Reacon Engineers (India) Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Reacon Engineers (India) has 3 subsidiary companies and 2 associated companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Reacon Hospitality Services Private Limited | U55101WB2009PTC136493 | |
| Ritu Exports and Imports Pvt Ltd | U74899DL1982PTC014543 | |
| Reacon Power & Infrastructure Private Limited | U93000WB2009PTC139850 |
To see the full group structure of Reacon Engineers (India) Pvt Ltd, buy the company report.
Employees & EPFO
Reacon Engineers (India) Pvt Ltd has a workforce of 17 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Reacon Engineers (India) has 10 GST registrations: 1 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCR4686F1Z8 | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Reacon Engineers (India) Pvt Ltd, buy the company report.
Recent activity
Reacon Engineers (India) Pvt Ltd has 8 board changes on record since 1988: 4 appointments and 4 cessations. The latest: Sanjeev Jhunjhunwala was appointed as Irp/Rp/Liquidator on 22 Jan 2025.
50 earlier events are in the company report.
Frequently asked questions
Reacon Engineers (India) is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Reacon Engineers (India) is a company under insolvency, formerly operating as a private limited company based in Kolkata, West Bengal, India. The company works in engineering design and consultancy, within the engineering industry. It was incorporated on 25 October 1988 and is registered under CIN U45201WB1988PTC045417. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Reacon Engineers (India) has 4 current directors:
- Pinaki Ray - Managing Director
- Avishek Roy - Whole-Time Director
- Pratim Bayal - Irp/Rp/Liquidator
- Sanjeev Jhunjhunwala - Irp/Rp/Liquidator
The latest financial statements of Reacon Engineers (India) on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Reacon Engineers (India) is U45201WB1988PTC045417. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Reacon Engineers (India) has open charges of ₹301.89 Cr and satisfied charges of ₹3.85 Cr as per latest MCA filings.
Reacon Engineers (India) has 97 court cases on record: 32 filed by the company and 66 filed against it. 19 are pending. Most are in the district courts.
Reacon Engineers (India) was incorporated on 25 October 1988. It is registered with the Registrar of Companies, Kolkata.
Sanjeev Jhunjhunwala was appointed as Irp/Rp/Liquidator on 22 Jan 2025. Pratim Bayal was appointed as Irp/Rp/Liquidator on 17 Oct 2023. Subhojit Dutta ceased to be Whole-Time Director on 06 Sep 2014. Reacon Engineers (India) has 8 board changes on record in total.
Reacon Engineers (India) can be reached through the website reacongroup.com. Its registered office is in Kolkata, West Bengal, India.
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