India's Most Valuable Companies 2023 edition · Source: Hurun India
Rank#435- Valuation
- ₹8,216 Cr
Revenue · FY 2026
₹1,404.2 Cr
▼ 2% YoY
Net profit · FY 2026
₹148.96 Cr
Net margin 10.6%
EBITDA · FY 2026
₹241.23 Cr
EBITDA margin 17.2%
Authorised capital
₹122 Cr
Registered with MCA
Paid-up capital
₹26.66 Cr
Issued & subscribed
Open charges
₹365.47 Cr
Satisfied ₹1,205.6 Cr
Company age
44 yrs
Est. 1982
Employees · EPFO
345
Provident fund records
About Responsive Industries Limited
Data last updated:
Responsive Industries Limited is a public limited company based in Betegaon, Maharashtra, India, a subsidiary of Wellknown Business Ventures Llp. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 13 July 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L22209MH1982PLC027797. Its GSTIN is 27AABCS5068A1ZL (Maharashtra). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 505509 and NSE: RESPONIND.
The company has an authorised share capital of ₹122 Cr and a paid-up capital of ₹26.66 Cr. It was formerly known as Sinhal Holdings Limited and Responsive Polymers Limited. It is led by directors including Sadanand Raghavendra Morab (Whole-Time Director) and Mehul Laljibhai Vala (Whole-Time Director).
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Betegaon Mahagaon Road Boisar East Taluka Palghar Dist. Thane, Maharashtra, India – 401501.
As per the financials filed for FY 2026, the company reported a revenue of ₹1,404.2 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹148.96 Cr (net margin 10.6%) and EBITDA of ₹241.23 Cr (EBITDA margin 17.2%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 13% over five years.
The company has about 345 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Responsive Industries. As per MCA filings, the company has open charges of ₹365.47 Cr and satisfied charges of ₹1,205.6 Cr on record. Court records list 81 cases involving the company, including 37 filed by the company and 44 filed against it; 23 cases are pending. The company has 15 deals on record (10 market trades, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹152.76 Cr; the latest was in December 2025. The company has 3 MSME Form 1 returns on record between 2019 and 2024, listing 9 overdue payments to 5 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 responsiveindustries.com.
Company details
CIN L22209MH1982PLC027797
Registration Number 027797
Incorporation Date 13 July 1982
ROC Mumbai
Listing Status Listed - Listed on NSE (RESPONIND); Listed on BSE (505509)
Company Status Active
Date of Last AGM 19 September 2025
Date of Balance Sheet 31 March 2026
Parent Company Wellknown Business Ventures Llp
Compliance Status Active Compliant
Name history
Responsive Industries has undergone 2 name changes throughout its history. The company was previously known as Sinhal Holdings Limited, and Responsive Polymers Limited. The current legal name is Responsive Industries Limited.
| Company Name | Status |
|---|---|
| Responsive Industries Limited | Current |
| Sinhal Holdings Limited | Previous |
| Responsive Polymers Limited | Previous |
CIN history
Responsive Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L22209MH1982PLC027797, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L22209MH1982PLC027797 | Current |
| L99999MH1982PLC027797 | Previous |
| L65100MH1982PLC027797 | Previous |
Key People
Sadanand Raghavendra Morab Whole-Time Director Mehul Laljibhai Vala Whole-Time Director Sanjiv Swarup Director Recognitions & Rankings of Responsive Industries
Contact details
Responsive Industries Limited's registered office is in Betegaon, Maharashtra.
- Social Media
- Registered AddressBetegaon Mahagaon Road Boisar East Taluka Palghar Dist. Thane, Maharashtra, India – 401501
- IndustryManufacturing, Plastic-Based Products
Comprehensive company report
Responsive Industries 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
Responsive Industries operates one associated brand: Responsive Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer & supplier of polyvinyl chloride (PVC) based products | responsiveindustries.com |
Business activity
The main business activity of Responsive Industries is manufacturing. In detail, this covers manufacture of other non-metallic mineral products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 23 | Manufacture of other non-metallic mineral products |
To see the full business activity and turnover split of Responsive Industries Limited, buy the company report.
Financials of Responsive Industries Limited
FY 2026 filings availableResponsive Industries Limited reported revenue of ₹1,404.2 Cr (down 2% YoY) for FY 2026.
Revenue · FY 2026
₹1,404.2 Cr ▼ 2%
Net profit · FY 2026
₹148.96 Cr margin 10.6%
EBITDA · FY 2026
₹241.23 Cr margin 17.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 13%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▼ 18%
3 years · compounded
▲ 30%
5 years · compounded
▲ 26%
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA fell 18% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,404.2 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹241.23 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹148.96 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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.2% | ||||
| Net Profit Margin | 10.6% | ||||
| 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 | |||||
To see the full financial statements and ratios of Responsive Industries Limited, buy the company report.
Board of directors of Responsive Industries Limited
Responsive Industries has 7 current directors and 35 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjiv Swarup Also directs: Bharat Wire Ropes Limited, Josts Engineering Company Limited, Prime Fresh Limited and 5 more | Director | 04 Oct 2022 | 4 Years 1 Months | Current |
| Sadanand Raghavendra Morab | Whole-Time Director | 14 Nov 2022 | 3 Years 11 Months | Current |
| Mehul Laljibhai Vala | Whole-Time Director | 14 Feb 2019 | 7 Years 8 Months | Current |
| Bajrang Lal Bajaj | Director | 24 Jul 2026 | 0 Years 3 Months | Current |
| Jeny Vinod Kumar Gowadia Also directs: Balashri Commercial Limited, Indianivesh Capitals Limited, Arco Leasing Limited and 3 more | Director | 04 Feb 2026 | 0 Years 9 Months | Current |
| Ajay Pratapray Shanghavi Also directs: Select Global Solutions LLP, Foray Advisors LLP, Ashika Global Securities Limited and 5 more | Director | 11 Nov 2025 | 0 Years 11 Months | Current |
Showing 6 of 7 current directors. View all directors
Charges & borrowings
Open charges
₹365.47 Cr
Satisfied charges
₹1,205.6 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 May 2026 | 101299746 | Others | ₹67 Lakh | Open | |
| 11 Sep 2023 | 100789489 | Sbicap Trustee Company Limited | ₹364.8 Cr | Open | |
| 27 May 2022 | 100608007 | Others | ₹1.24 Cr | Satisfied | |
| 27 May 2022 | 100608267 | Others | ₹1.24 Cr | Satisfied | |
| 27 May 2022 | 100583187 | Others | ₹77 Lakh | Satisfied |
To see the full charge records of Responsive Industries Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Responsive Industries Limited has 15 deals on record (10 market trades, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹152.76 Cr; the latest was in December 2025.
Total deals
15
Market trades
10
Funding rounds
3
Convertible or debt financing
1
Secondary share transfer
1
Disclosed funding
₹152.76 Cr
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2025 | Market trade | ₹43.68 Cr | Seller: Brenzett Limited |
| Apr 2018 | Market trade | ₹100 Cr | Buyer: Fairpoint Tradecom LLP Seller: Wellknown Business Ventures Private Limited |
| Feb 2012 | Funding round | ₹58.47 Cr | Investors: Wellknown Business Ventures LLP |
| Mar 2009 | Secondary share transfer | Undisclosed | Seller: Responsive Polymers International Limited |
| Dec 2006 | Funding round | ₹5 Cr | Investors: Wellknown Business Ventures LLP , Fossebridge Limited, Xatis International Limited |
To see the full deal history of Responsive Industries 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
Responsive Industries Limited has 81 court cases on record: 37 filed by Responsive Industries, 44 filed against it. 23 cases are pending and 58 are disposed.
Total cases
81
Filed by the company
37
Filed against the company
44
Pending
23
Disposed
58
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 48 | 21 | 12 |
| District courts | 25 | 18 | 10 |
| Supreme Court | 7 | 5 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 81)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2406-Indirect Taxation : Goods and Services Tax, Integrated Goods and Services Tax, State Goods and Services Tax, UT Goods and Services Tax.) | Filed against the company by Union of India and 97 others | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Rare Art Gallery Pvt Ltd and 2 others | Pending |
| Bombay High Court | Court case (APP) | Filed by the company against Rare Art Gallery Pvt Ltd and 2 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Rajput Plastics and Polymers Pvt. Ltd. | Pending |
| Bombay High Court | Court case (LPETN) | Filed against the company by Reuters India Pvt. Ltd. | Pending |
To see the full case history of Responsive Industries 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.
MSME payment delays
Responsive Industries Limited has 3 MSME Form 1 returns on record between 2019 and 2024, listing 9 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Desai Varun Rasayan Private Limited | |||
| S G C O & Co LLP | |||
| Cas & Co. | |||
| Kreston SG Advisors LLP |
To see the full MSME payment records of Responsive Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Responsive Industries has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCS5068A1ZL | Maharashtra | Active | 01 Jul 2017 |
| 27AABCS5068A2ZK | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Responsive Industries Limited, buy the company report.
Recent activity
Responsive Industries Limited has 34 board changes on record since 2009: 7 appointments and 27 cessations. The latest: Bajrang Lal Bajaj was appointed as Director on 24 Jul 2026.
Appointed
Bajrang Lal Bajaj was appointed as Director.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 364.80 Cr registered on 11 Sep 2023 with Charge ID 100789489 was modified on 18 Jun 2026.
Appointed
Aayush Agarwal was appointed as Additional Director.
Charges
A charge with Others amounted to Rs. 0.67 Cr with Charge ID 101299746 was registered on 13 May 2026.
Filing
Responsive Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai Ii.
Appointed
Jeny Vinod Kumar Gowadia was appointed as Director.
Appointed
Ajay Pratapray Shanghavi was appointed as Director.
AGM
Responsive Industries Limited last Annual general meeting of members was held on 19 Sep 2025 as per latest MCA records.
Charges
A charge registered on 27 May 2022 via Charge ID 100608007 with Others was fully satisfied on 17 Jul 2025.
Charges
A charge registered on 27 May 2022 via Charge ID 100608267 with Others was fully satisfied on 17 Jul 2025.
Charges
A charge registered on 27 May 2022 via Charge ID 100583187 with Others was fully satisfied on 17 Jul 2025.
Charges
A charge registered on 18 Feb 2021 via Charge ID 100420027 with Others was fully satisfied on 31 May 2024.
61 earlier events are in the company report.
News
RESPONIND: Q2 CONS NET PROFIT 65M RUPEES VS 532.6M (YOY)
RESPONIND: Q2 REVENUE 2.05B RUPEES VS 3.14B (YOY)
RESPONIND: Q2 EBITDA 296 RUPEES VS 766M (YOY); Q2 EBITDA MARGIN 14.46% VS 24.42% (YOY)
Responsive Industries: Company's Board Chooses Not to Move Forward with Buy-Back Plan.
Frequently asked questions
Responsive Industries is an active public limited company based in Betegaon, Maharashtra, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 13 July 1982 (44+ years old) and is registered under CIN L22209MH1982PLC027797. Listed on BSE: 505509 and NSE: RESPONIND.
Responsive Industries has 7 current directors:
- Sadanand Raghavendra Morab - Whole-Time Director
- Mehul Laljibhai Vala - Whole-Time Director
- Sanjiv Swarup - Director
- Bajrang Lal Bajaj - Director
- Jeny Vinod Kumar Gowadia - Director
- Ajay Pratapray Shanghavi - Director
- Aayush Agarwal - Additional Director
The latest financial statements of Responsive Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Responsive Industries is 27AABCS5068A1ZL, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AABCS5068A2ZK (Maharashtra).
The CIN (Corporate Identification Number) of Responsive Industries is L22209MH1982PLC027797. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Responsive Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 505509) and NSE (symbol: RESPONIND).
Responsive Industries has 81 court cases on record: 37 filed by the company and 44 filed against it. 23 are pending. Most are in the high courts.
Responsive Industries was incorporated on 13 July 1982, making it 44+ years old. It is registered with the Registrar of Companies, Mumbai.
Responsive Industries has 15 deals on record (10 market trades, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹152.76 Cr; the latest was in December 2025.
Bajrang Lal Bajaj was appointed as Director on 24 Jul 2026. Aayush Agarwal was appointed as Additional Director on 26 May 2026. Jeny Vinod Kumar Gowadia was appointed as Director on 04 Feb 2026. Responsive Industries has 34 board changes on record in total.
Responsive Industries has 3 MSME Form 1 returns on record between 2019 and 2024, listing 9 overdue payments to 5 micro and small suppliers. The latest return was filed on 30 Apr 2024.
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