Richa Industries Limited

BSE: 532766
Richa Industries Limited - engineering in Faridabad, Haryana, India. FY 2026 financials & compliance.
CIN L17115HR1993PLC032108 Incorporated 15 September 1993 ROC Delhi HQ Faridabad, Haryana, India
Under Insolvency Listed - BSE: 532766 Public Limited Company engineering
Data last updated
Revenue · FY 2018
₹192.97 Cr
▼ 62% YoY
Net loss · FY 2018
₹105.88 Cr
Net margin -54.9%
EBITDA · FY 2018
-₹63.18 Cr
EBITDA margin -32.7%
Authorised capital
₹30 Cr
Registered with MCA
Paid-up capital
₹23.43 Cr
Issued & subscribed
Open charges
₹249.17 Cr
Satisfied ₹201.98 Cr
Company age
33 yrs
Est. 1993
Employees · EPFO
99
Provident fund records

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 282 cases involving the company, including 177 filed by the company and 90 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 10 peer companies in the Manufacturing industry (Foundry and Fabrication, Textiles) are compared by revenue, 5 larger and 5 smaller; the largest is Era T & D Limited with revenue of ₹193.62 Cr.

The last known website on record is richa.in.

Company Details of Richa Industries Limited
CIN L17115HR1993PLC032108
Registration Number 032108
Incorporation Date 15 September 1993
ROC Delhi
Listing Status Listed (BSE: 532766)
Company Status Under CIRP
Date of Last AGM 29 September 2018
Date of Balance Sheet 31 March 2018
Compliance Status Active Compliant

Name History of Richa Industries Limited

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 NameStatus
Richa Industries LimitedCurrent
Richa Knits LimitedPrevious
Ess Ess Fashions Private LimitedPrevious
Richa Knits Private LimitedPrevious

CIN History of Richa Industries Limited

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.

CINStatus
L17115HR1993PLC032108Current
U17115HR1993PLC032108Previous
Key People
Sandeep Gupta Managing Director Lavesh Kansal Director Prabhakar Venkobarao Kotakote Additional Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    richa.in
  • Social Media
  • Registered Address
    Plot No – 29 DLF Industrial Area Phase – II, Faridabad, Haryana, India – 121003
  • Industry
    Engineering, Metal Foundry & Fabrication Services
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Financials, compliance, directors, charges, ownership and filings for Richa Industries Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Associated Brands with Richa Industries Limited

Richa Industries operates one associated brand: Richa Industries. Each brand links to its own profile.

BrandDescriptionWebsite
Richa Industries
Pre-engineered metal buildings are constructed and assembled for industrial sites.richa.in

Business Activity of Richa Industries Limited

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 CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC2Textile, leather and other apparel productsLocked
FConstructionF1BuildingsLocked
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Turnover share and past changes in activity are in the company report.

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Financials of Richa Industries Limited FY 2018 filings available

Richa Industries Limited reported revenue of ₹192.97 Cr (down 62% YoY) for FY 2018.

Revenue · FY 2018
₹192.97 Cr ▼ 62%
Net loss · FY 2018
₹105.88 Cr margin -54.9%
EBITDA · FY 2018
-₹63.18 Cr margin -32.7%

Compounded Annual Growth Rate (CAGR) of Richa Industries Limited

Revenue CAGR growth
1 year
▼ 62%
3 years · compounded
▼ 14%
EBITDA CAGR growth
1 year
▼ 250%
3 years · compounded
▼ 51%

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 of Richa Industries Limited

MetricsFY 2017-18FY 2016-17FY 2015-16FY 2014-15
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 of Richa Industries Limited

MetricsFY 2017-18FY 2016-17FY 2015-16FY 2014-15
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 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.

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Financial statements from 2015

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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.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Sandeep Gupta
Also directs: Richa Infrastructure Limited, Richa Krishna Constructions Private Limited, Richa Holdings Limited
Managing Director17 Jan 200026 Years 9 MonthsAs last reported
Lavesh Kansal
Also directs: La Green Infraa Private Limited
Director01 Apr 201610 Years 6 MonthsAs last reported
Prabhakar Venkobarao Kotakote
Also directs: Gilada Finance and Investments Limited
Additional Director01 Oct 20188 Years 0 MonthsAs last reported
View all directors

Peer Comparison of Richa Industries Limited

Richa Industries Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Foundry and Fabrication, Textiles). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Era T & D Limited₹193.62 Cr (FY 2025)••••••••63.0%••••Bhandarra, Maharashtra, India
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
Modern Syntex (India) Limited₹193.12 Cr (FY 2024)••••••••1021715.0%••••Jaipur, Rajasthan, India
Neerus Ensembles Private Limited₹192.99 Cr (FY 2025)••••••••-17.0%••••Hyderabad, Telangana, 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 five companies nearest above and the five nearest below Richa Industries by revenue in the Manufacturing industry (Foundry and Fabrication, Textiles), 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 Richa Industries Limited

Richa Industries Limited is audited by VIJAY SINGLA & ASSOCIATES for the financial year 2018.

NameStatusAppointment DateCessation Date
VIJAY SINGLA & ASSOCIATESLockedLockedLocked
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Ownership and Shareholding of Richa Industries Limited

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Charges & Borrowings of Richa Industries Limited

Open charges
₹249.17 Cr
Satisfied charges
₹201.98 Cr
Breakdown by lending institutions
Others₹168.89 Cr
Corporation Bank₹55.16 Cr
Indian Overseas Bank₹25.11 Cr
Latest charge details
DateLenderAmountStatus
23 Jun 2017Indian Overseas Bank₹10 CrOpen
07 Apr 2017Others₹9 CrOpen
31 Mar 2017Others₹3 CrOpen
30 Mar 2017Others₹10 CrOpen
23 Feb 2016Others₹1 CrOpen

Total charge records: 31 View all charges

Deals & Funding of Richa Industries Limited

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.

Total deals
34
Market trades
27
Funding rounds
4
Secondary share transfers
2
Debt financing
1
Disclosed funding
₹41.63 Cr

Deals on record (5 of 34)

WhenDealAmountParties
Apr 2017Market trade₹1.05 CrSeller: Abhiruc Infotech Private Limited
Nov 2015Market trade₹36.9 LakhSeller: Narayani Nivesh Nigam Private Limited
Jun 2013Funding round₹10.83 CrInvestors: Narayani Nivesh Nigam Private Limited , 3 individuals
Apr 2013Market trade₹35.6 LakhBuyer: an individual
Seller: Dev Energy Equipments Private Limited
Apr 2010Market trade₹40.3 LakhSeller: Aureole Softwares Private Limited
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Full deal history

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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Employees and EPFO Compliance at Richa Industries Limited

Richa Industries Limited has a workforce of 99 employees as of Apr 05, 2024.

Employee count
99
Active EPFO establishments
2
Employee growth
-18.85%
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Employee and EPFO history

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Recent Activity on Richa Industries Limited

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.

Ceased
Abhay Bansal ceased to be Additional Director.
Ceased
Gaurav Yadav ceased to be Company Secretary.
Appointed
Abhay Bansal was appointed as Additional Director.
Ceased
Nitin Agarwal ceased to be Director.
Ceased
Manish Gupta ceased to be Director.
Ceased
Bhawana Singhal ceased to be Director.
Appointed
Prabhakar Venkobarao Kotakote was appointed as Additional Director.
AGM
Richa Industries Limited last Annual general meeting of members was held on 29 Sep 2018 as per latest MCA records.
Filing
Richa Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2018 with Roc Delhi.
Ceased
Sushil Gupta ceased to be Director.
Charges
A charge with Indian Overseas Bank amounted to Rs. 10.00 Cr with Charge ID 100117729 was registered on 23 Jun 2017.
Charges
A charge with Indian Overseas Bank of Rs. 6.44 Cr registered on 25 Jun 2010 with Charge ID 10228418 was modified on 23 Jun 2017.

83 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Richa Industries Limited

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MSME Payment Delays by Richa Industries Limited

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Subsidiaries & Group Companies of Richa Industries Limited

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GST Compliance of Richa Industries Limited

Richa Industries has 10 GST registrations: 7 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
10
Active
7
Cancelled / inactive
3
GSTINStateStatusRegistered on
06AAACR7943J1Z4HaryanaActive01 Jul 2017
05AAACR7943J1Z6UttarakhandActive01 Jul 2017
07AAACR7943J1Z2DelhiActive01 Jul 2017
09AAACR7943J1ZYUttar PradeshActive01 Jul 2017
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GST registrations and filing compliance

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MCA Filings & Documents of Richa Industries Limited

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Related news about Richa Industries Limited

Board of Richa Industries appoints director
23 Oct 2018 · Business Standard

Frequently Asked Questions about Richa Industries Limited

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 reported revenue of ₹192.97 Cr for FY 2018 (down 62% YoY).

Richa Industries has 3 current directors:

Richa Industries reported a net loss of ₹105.88 Cr (net margin -54.9%) and EBITDA of -₹63.18 Cr (EBITDA margin -32.7%) for FY 2018, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Richa Industries is -14% over three years. In the latest year (FY 2018) revenue fell 62%. CAGR is the steady yearly rate that links the first and the last year.

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 282 court cases on record: 177 filed by the company and 90 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.

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