About Recity Network Private Limited
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Recity Network Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the waste management and recycling solutions segment of the environmental services sector. It was incorporated on 06 April 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93090MH2017PTC293495. Its GSTIN is 27AAICR2274A2ZK (Maharashtra). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.22 Lakh. It is led by directors including Meha Lahiri and Surajkumar Nandakumar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 14 2nd Floor Pinnacle Business Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹26.08 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹1.04 Cr (net margin 4%) and EBITDA of ₹3.2 Cr (EBITDA margin 12.3%). Revenue has grown at a compounded annual rate (CAGR) of 48% over three years and 73% over five years.
The company has about 82 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Recity. As per MCA filings, the company has open charges of ₹7.5 Cr on record. Court records list 5 cases involving the company, including 3 filed against it; 3 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 recity.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressS13/14 2nd Floor Pinnacle Business Park, Mahakali Caves Road Shanti Nagar Andheri East, Mumbai, Maharashtra, India – 400093
- IndustryEnvironment, Waste Management & Recycling Solutions
- 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 Recity Network Private Limited
The main business activity of Recity Network is water supply, sewerage and waste management. In detail, this covers waste collection, treatment and disposal activities, materials recovery and other waste management services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E3 | Waste collection, treatment and disposal activities, materials recovery and Other waste management services | 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 Recity Network Private Limited FY 2024 filings available
Recity Network Private Limited reported revenue of ₹26.08 Cr (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Recity Network Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 73% over five years, including 15% growth in the latest year. EBITDA rose 15% 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 Recity Network 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 | ₹3.2 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.04 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 Recity Network Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4% | •••• | •••• | •••• | •••• |
| 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 Recity Network are in the company report.
Financial statements from FY 2018
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 Recity Network Private Limited
Recity Network Private Limited is compared with the companies closest to it by revenue in the Cleantech industry (Recycling and Waste Treatment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Clean India Recycling Private Limited | ₹27.08 Cr (FY 2025) | •••• | •••• | 134.0% | •••• | Meerut, Uttar Pradesh, India |
| Blue Planet Environmental Solutions India Private Limited | ₹27.01 Cr (FY 2025) | •••• | •••• | 69.0% | •••• | New Delhi, Delhi, India |
| Jindal Urban Waste Management (Ahmedabad) Limited | ₹26.74 Cr (FY 2025) | •••• | •••• | 5183.0% | •••• | Mathura, Uttar Pradesh, India |
| Forplanet Ingredients Private Limited | ₹26.72 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | New Delhi, Delhi, India |
| Green Air Recycling Private Limited | ₹26.26 Cr (FY 2025) | •••• | •••• | 376.0% | •••• | Noida, Uttar Pradesh, India |
| Recity Network Private Limited this company | ₹26.08 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Mumbai, Maharashtra, India |
| Fortune Recyclying Private Limited | ₹25.91 Cr (FY 2024) | •••• | •••• | -50.0% | •••• | Vapi, Gujarat, India |
| Falak Metal India Private Limited | ₹25.62 Cr (FY 2025) | •••• | •••• | 168.0% | •••• | Panvel, Maharashtra, India |
| Bioxgreen Technology Private Limited | ₹25.47 Cr (FY 2025) | •••• | •••• | -38.0% | •••• | Bangalore, Karnataka, India |
| Maruti Suzuki Toyotsu India Private Limited | ₹25.23 Cr (FY 2025) | •••• | •••• | 75.0% | •••• | Delhi, India |
| Material Recycling Association of India | ₹24.83 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Recity Network by revenue in the Cleantech industry (Recycling and Waste Treatment), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Recity Network Private Limited
Recity Network Private Limited is audited by RAJ JAIN & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAJ JAIN & 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 Recity Network Private Limited
Recity Network has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meha Lahiri | Director | 06 Apr 2017 | 9 Years 6 Months | Current |
| Surajkumar Nandakumar | Director | 06 Apr 2017 | 9 Years 6 Months | Current |
| Akhilesh Bhargava Also directs: Avi Global Plast Private Limited, Date With Ocean Foundation | Additional Director | 07 Nov 2025 | 0 Years 11 Months | Current |
Ownership and Shareholding of Recity Network 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 Recity Network Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Nov 2025 | Others | ₹5 Cr | Open |
| 24 Jan 2024 | Hdfc Bank Limited | ₹2.5 Cr | Open |
Total charge records: 2 View all charges
Legal Cases of Recity Network Private Limited
Recity Network Private Limited has 5 court cases on record: 3 filed against it, 2 where it is another party. 3 cases are pending and 2 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 3 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mathura, Uttar Pradesh | Criminal case | Filed against the company by State Government | Pending |
| District court, Mathura, Uttar Pradesh | Court case (Motar Vehicle Act) | Filed against the company by State Government | Pending |
| District court, Ambala, Haryana | Civil suit | Company is another party | Pending |
| District court, Mathura, Uttar Pradesh | Criminal case | Filed against the company by State Government | Disposed |
| High Court of Karnataka | Interim or miscellaneous application | Company is another party | Disposed |
Full case history
All 5 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.
MSME Payment Delays by Recity Network Private Limited
Recity Network Private Limited has 8 MSME Form 1 returns on record between 2021 and 2024, listing 84 overdue payments to 17 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 17)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Tronoplast Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| MP Sanghavi & Associates | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 8 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Recity Network Private Limited
Recity Network Private Limited has a workforce of 82 employees as of Apr 07, 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.
Group Structure of Recity Network Private Limited
Recity Network has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Recent Activity on Recity Network Private Limited
Recity Network Private Limited has 5 board changes on record since 2017: 4 appointments and 1 cessation. The latest: Akhilesh Bhargava was appointed as Additional Director on 07 Nov 2025.
Credit Ratings, Litigation & Regulatory Alerts for Recity Network 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.
Subsidiaries & Group Companies of Recity Network 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 Recity Network Private Limited
Recity Network has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICR2274A2ZK | Maharashtra | Active | 22 Jul 2017 |
| 09AAICR2274A1ZJ | Uttar Pradesh | Active | 23 Jan 2023 |
| 34AAICR2274A1ZQ | Puducherry | Active | 05 Feb 2023 |
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 Recity Network 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 Recity Network Private Limited
Recity Network is an active private limited company based in Mumbai, Maharashtra, India. The company works in waste management and recycling solutions, within the environment industry. It was incorporated on 06 April 2017 (9+ years old) and is registered under CIN U93090MH2017PTC293495.
Recity Network reported revenue of ₹26.08 Cr for FY 2025 (up 15% YoY).
Recity Network has 3 current directors:
- Meha Lahiri - Director
- Surajkumar Nandakumar - Director
- Akhilesh Bhargava - Additional Director
Recity Network reported a net profit of ₹1.04 Cr (net margin 4%) and EBITDA of ₹3.2 Cr (EBITDA margin 12.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Recity Network is 48% over three years and 73% over five years. In the latest year (FY 2025) revenue rose 15%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Recity Network is 27AAICR2274A2ZK, registered in Maharashtra. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 09AAICR2274A1ZJ (Uttar Pradesh), 34AAICR2274A1ZQ (Puducherry).
The CIN (Corporate Identification Number) of Recity Network is U93090MH2017PTC293495. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Recity Network has 5 court cases on record: 3 filed against it. 3 are pending. Most are in the district courts.
Recity Network was incorporated on 06 April 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Recity Network by revenue are Clean India Recycling Private Limited, Blue Planet Environmental Solutions India Private Limited, Jindal Urban Waste Management (Ahmedabad) Limited, Forplanet Ingredients Private Limited, Green Air Recycling Private Limited and 5 more, all in the Cleantech industry (Recycling and Waste Treatment).
Akhilesh Bhargava was appointed as Additional Director on 07 Nov 2025. Deepshikha Neelam Jain ceased to be Director on 25 Jul 2019. Deepshikha Neelam Jain was appointed as Director on 06 Apr 2017. Recity Network has 5 board changes on record in total.
Yes, Recity Network is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).