About Richa Industries Limited
Data last updated:
Richa Industries Limited is a public limited company based in Faridabad, Haryana, 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 metal foundry and fabrication services segment of the engineering sector. It was incorporated on 15 September 1993.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L17115HR1993PLC032108. Its GSTIN is 06AAACR7943J1Z4 (Haryana). The company holds 10 GST registrations, of which 7 are active. Its shares are listed on BSE: 532766.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹23.43 Cr. It was formerly known as Richa Knits Limited and Ess Ess Fashions Private Limited. It is led by directors including Sandeep Gupta (Managing Director) and Lavesh Kansal.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Plot No – 29 DLF Industrial Area Phase – II, Faridabad, Haryana, India – 121003.
As per the financials filed for FY 2018, the company reported a revenue of ₹192.97 Cr, a decline of 62% compared to the previous year. For the same year it recorded a net loss of ₹105.88 Cr (net margin -54.9%) and EBITDA of -₹63.18 Cr (EBITDA margin -32.7%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years.
The company has about 99 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Richa Industries. As per MCA filings, the company has open charges of ₹249.17 Cr and satisfied charges of ₹201.98 Cr on record. Court records list 288 cases involving the company, including 180 filed by the company and 108 filed against it; 46 cases are pending. The company has 34 deals on record (27 market trades, 4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹41.63 Cr; the latest was in April 2017. Its 7 peer companies in the Manufacturing industry (Foundry and Fabrication, Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 2 larger and 5 smaller; the largest is Tirupati Balaji Exim Limited with revenue of ₹193.53 Cr.
The last known website on record is richa.in.
Name History
Richa Industries has undergone 3 name changes throughout its history. The company was previously known as Richa Knits Limited, Ess Ess Fashions Private Limited, and Richa Knits Private Limited. The current legal name is Richa Industries Limited.
| Company Name | Status |
|---|---|
| Richa Industries Limited | Current |
| Richa Knits Limited | Previous |
| Ess Ess Fashions Private Limited | Previous |
| Richa Knits Private Limited | Previous |
CIN History
Richa Industries has one previous CIN (Corporate Identification Number): U17115HR1993PLC032108. The current CIN is L17115HR1993PLC032108, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L17115HR1993PLC032108 | Current |
| U17115HR1993PLC032108 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No – 29 DLF Industrial Area Phase – II, Faridabad, Haryana, India – 121003
- IndustryEngineering, Metal Foundry & Fabrication 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
Associated Brands
Richa Industries operates one associated brand: Richa Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Pre-engineered metal buildings are constructed and assembled for industrial sites. | richa.in |
Business Activity
The main business activities of Richa Industries are manufacturing and construction. In detail, this covers textile, leather and other apparel products and buildings. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
| F | Construction | F1 | Buildings | 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
Financials of Richa Industries Limited
FY 2018 filings availableRicha Industries Limited reported revenue of ₹192.97 Cr (down 62% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 14% over three years, including a 62% fall in the latest year. EBITDA fell 250% 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 2017-18 | FY 2014-15 to FY 2016-17in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | ₹192.97 Cr | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | -₹63.18 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹105.88 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 2017-18 | FY 2014-15 to FY 2016-17in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -32.7% | |
| Net Profit Margin | -54.9% | |
| 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, and every line for FY 2014-15 to FY 2016-17, 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 Richa Industries are in the company report.
: available in the company report
Board of Directors of Richa Industries Limited
Richa Industries has 3 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Gupta | Managing Director | 17 Jan 2000 | 26 Years 9 Months | As last reported |
| Lavesh Kansal Also directs: La Green Infraa Private Limited | Director | 01 Apr 2016 | 10 Years 6 Months | As last reported |
| Prabhakar Venkobarao Kotakote Also directs: Gilada Finance and Investments Limited | Additional Director | 01 Oct 2018 | 8 Years 0 Months | As last reported |
Peer Comparison
Richa Industries Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Foundry and Fabrication, Textiles), with the same principal business activity (textile, leather and other apparel products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tirupati Balaji Exim Limited | ₹193.53 Cr (FY 2024) | •••• | •••• | -12.0% | •••• | Ludhiana, Punjab, India |
| Shree Balaji (Mala) Textiles Limited | ₹193.44 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Kolkata, West Bengal, India |
| Richa Industries Limited this company | ₹192.97 Cr (FY 2018) | •••• | •••• | -62.0% | •••• | Faridabad, Haryana, India |
| The Kadri Mills (Cbe) Private Limited | ₹192.48 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Coimbatore, Tamil Nadu, India |
| Techno Activewear Private Limited | ₹192.27 Cr (FY 2025) | •••• | •••• | 40378.0% | •••• | Tiruppur, Tamil Nadu, India |
| Dhakshan Textiles Private Limited | ₹192.27 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Namakkal, Tamil Nadu, India |
| Tessitura Monti India Private Limited | ₹191.83 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Hatkanagale, Maharashtra, India |
| Jaykishan Fibre Private Limited | ₹191.51 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Lakhond, Gujarat, India |
Peers are the companies nearest to Richa Industries by revenue, above and below it, in the Manufacturing industry (Foundry and Fabrication, Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
Richa Industries Limited is audited by VIJAY SINGLA & ASSOCIATES for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VIJAY SINGLA & ASSOCIATES | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Jun 2017 | Indian Overseas Bank | ₹10 Cr | Open |
| 07 Apr 2017 | Others | ₹9 Cr | Open |
| 31 Mar 2017 | Others | ₹3 Cr | Open |
| 30 Mar 2017 | Others | ₹10 Cr | Open |
| 23 Feb 2016 | Others | ₹1 Cr | Open |
Total charge records: 31 View all charges
Deals & Funding
Richa Industries Limited has 34 deals on record (27 market trades, 4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹41.63 Cr; the latest was in April 2017.
Deals on record (5 of 34)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2017 | Market trade | ₹1.05 Cr | Seller: Abhiruc Infotech Private Limited |
| Nov 2015 | Market trade | ₹36.9 Lakh | Seller: Narayani Nivesh Nigam Private Limited |
| Jun 2013 | Funding round | ₹10.83 Cr | Investors: Narayani Nivesh Nigam Private Limited , 3 individuals |
| Apr 2013 | Market trade | ₹35.6 Lakh | Buyer: an individual Seller: Dev Energy Equipments Private Limited |
| Apr 2010 | Market trade | ₹40.3 Lakh | Seller: Aureole Softwares Private Limited |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
Richa Industries Limited has 288 court cases on record: 180 filed by Richa Industries, 108 filed against it. 46 cases are pending and 242 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 214 | 84 | 37 |
| High courts | 72 | 22 | 9 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 288)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Arbitration matter | Filed against the company by Tata Capital Ltd. | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Navi Finserv Limited | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Cars 24 Financial Services Private Ltd | Pending |
| District court, North, Delhi | Court case (CS (COMM.)) | Filed against the company by A P Polyplast Pvt Ltd | Pending |
| District court, Central, Delhi | Execution petition | Filed against the company by T T Ltd | Pending |
: available in 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.
Employees and EPFO Compliance
Richa Industries Limited has a workforce of 99 employees as of Apr 05, 2024.
: available in the company report
Recent Activity
Richa Industries Limited has 29 board changes on record since 1993: 16 appointments and 13 cessations. The latest: Abhay Bansal ceased to be Additional Director on 10 Feb 2021.
83 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Richa Industries has 10 GST registrations: 7 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAACR7943J1Z4 | Haryana | Active | 01 Jul 2017 |
| 05AAACR7943J1Z6 | Uttarakhand | Active | 01 Jul 2017 |
| 07AAACR7943J1Z2 | Delhi | Active | 01 Jul 2017 |
| 09AAACR7943J1ZY | Uttar Pradesh | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Richa Industries 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.
Richa Industries is a company under insolvency, formerly operating as a public limited company based in Faridabad, Haryana, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 15 September 1993 and is registered under CIN L17115HR1993PLC032108. Listed on BSE: 532766. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Richa Industries has 3 current directors:
- Sandeep Gupta - Managing Director
- Lavesh Kansal - Director
- Prabhakar Venkobarao Kotakote - Additional Director
The latest financial statements of Richa Industries on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Richa Industries is L17115HR1993PLC032108. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Richa Industries is listed on BSE with code 532766.
Richa Industries has open charges of ₹249.17 Cr and satisfied charges of ₹201.98 Cr as per latest MCA filings.
Richa Industries has 288 court cases on record: 180 filed by the company and 108 filed against it. 46 are pending. Most are in the district courts.
Richa Industries was incorporated on 15 September 1993. It is registered with the Registrar of Companies, Delhi.
Richa Industries has 34 deals on record (27 market trades, 4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹41.63 Cr; the latest was in April 2017.
The peers of Richa Industries by revenue are Tirupati Balaji Exim Limited, Shree Balaji (Mala) Textiles Limited, The Kadri Mills (Cbe) Private Limited, Techno Activewear Private Limited, Dhakshan Textiles Private Limited and 2 more, all in the Manufacturing industry (Foundry and Fabrication, Textiles), with the same principal business activity (textile, leather and other apparel products).