Ricinash Renewable Materials Private Limited

Ricinash Renewable Materials Private Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U15140MH1997PTC105499 Incorporated 29 January 1997 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company chemicals and materials MSME · Small
Data last updated
Revenue · FY 2026
₹29.82 Cr
▼ 19% YoY
Net loss · FY 2026
₹1.5 Cr
Net margin -5%
EBITDA · FY 2026
₹1.3 Cr
EBITDA margin 4.4%
Authorised capital
₹14.3 Cr
Registered with MCA
Paid-up capital
₹13.79 Cr
Issued & subscribed
Open charges
₹1.97 Cr
Satisfied ₹2.05 Cr
Company age
29 yrs
Est. 1997
Employees · EPFO
6
Provident fund records

About Ricinash Renewable Materials Private Limited

Data last updated:

Ricinash Renewable Materials Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 29 January 1997 and has been in existence for over 29 years.

Its director Ashish Ashwin Choksi and family are #478 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U15140MH1997PTC105499. Its GSTIN is 27AAACR4668J1Z0 (Maharashtra). The company holds 3 GST registrations, of which 2 are active.

The company has an authorised share capital of ₹14.3 Cr and a paid-up capital of ₹13.79 Cr. It was formerly known as Ricinash Oil Mill Limited and Ricinash Renewable Materials Limited. It is led by directors including Ashish Ashwin Choksi (Managing Director) and Jigish Shailesh Choksi.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 202/203 Maghum Opusshanti Nagar Indl Estate Vakola Santacruz E, Mumbai, Maharashtra, India – 400055.

As per the financials filed for FY 2026, the company reported a revenue of ₹29.82 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹1.5 Cr (net margin -5%) and EBITDA of ₹1.3 Cr (EBITDA margin 4.4%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 6% over five years.

The company has about 6 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Ricinash. As per MCA filings, the company has open charges of ₹1.97 Cr and satisfied charges of ₹2.05 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.

Ricinash Renewable Materials Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0040862). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ricinash.com.

Company details

CIN U15140MH1997PTC105499
Registration Number 105499
Incorporation Date 29 January 1997
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0040862

Name history

Ricinash Renewable Materials has undergone 2 name changes throughout its history. The company was previously known as Ricinash Oil Mill Limited, and Ricinash Renewable Materials Limited. The current legal name is Ricinash Renewable Materials Private Limited.

Company NameStatus
Ricinash Renewable Materials Private LimitedCurrent
Ricinash Oil Mill LimitedPrevious
Ricinash Renewable Materials LimitedPrevious

CIN history

Ricinash Renewable Materials has one previous CIN (Corporate Identification Number): U15140MH1997PLC105499. The current CIN is U15140MH1997PTC105499, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U15140MH1997PTC105499Current
U15140MH1997PLC105499Previous
Key People
Ashish Ashwin Choksi Managing Director Jigish Shailesh Choksi Director Manish Mahendra Choksi Director

Recognitions & Rankings of Ricinash Renewable Materials

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-19-0040862

Contact details

Ricinash Renewable Materials Private Limited's registered office is in Mumbai, Maharashtra. Its website is ricinash.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    ricinash.com
  • Registered Address
    202/203 Maghum Opusshanti Nagar Indl Estate Vakola Santacruz E, Mumbai, Maharashtra, India – 400055
  • Industry
    Chemicals and Materials, Industrial Chemicals

To see the full contact details of Ricinash Renewable Materials Private Limited, buy the company report.

Comprehensive company report
Ricinash Renewable Materials Private 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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Secure checkout · GST invoice included

Brands

Ricinash Renewable Materials operates one associated brand: Ricinash. Each brand links to its own profile.

BrandDescriptionWebsite
Ricinash
Speciality chemicals and renewable materials for personal care, food, and plastics industries.ricinash.com

Business activity

The main business activity of Ricinash Renewable Materials is manufacturing. In detail, this covers manufacture of chemicals and chemical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing20Manufacture of chemicals and chemical products

To see the full business activity and turnover split of Ricinash Renewable Materials Private Limited, buy the company report.

Financials of Ricinash Renewable Materials Private Limited

FY 2026 filings available

Ricinash Renewable Materials Private Limited reported revenue of ₹29.82 Cr (down 19% YoY) for FY 2026.

Revenue · FY 2026
₹29.82 Cr ▼ 19%
Net loss · FY 2026
₹1.5 Cr margin -5%
EBITDA · FY 2026
₹1.3 Cr margin 4.4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 19%
3 years · compounded
▼ 4%
5 years · compounded
▲ 6%
EBITDA CAGR growth
1 year
▼ 32%
3 years · compounded
▲ 14%

Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 32% 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

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹29.82 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹1.3 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹1.5 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

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Profitability
EBITDA Margin4.4%
Net Profit Margin-5%
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 Ricinash Renewable Materials Private Limited, buy the company report.

Board of directors of Ricinash Renewable Materials Private Limited

Ricinash Renewable Materials has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Jigish Shailesh Choksi
Also directs: Elf Trading and Chemical Manufacturing Private Limited, Tru Trading and Investments Private Limited, Lyon Investment and Industries Private Limited
Director30 Mar 20233 Years 7 MonthsCurrent
Ashish Ashwin Choksi
Also directs: Asian Paints Limited, Elf Trading and Chemical Manufacturing Private Limited, Riash Renewable Materials Private Limited and 2 more
Managing Director01 Oct 200917 Years 1 MonthsCurrent
Manish Mahendra Choksi
Also directs: Asian Paints Limited, Torrent Pharmaceuticals Ltd, Vedant Fashions Limited and 5 more
Director29 Jan 199729 Years 9 MonthsCurrent
View all directors

Auditor

Ricinash Renewable Materials Private Limited is audited by C N K And Associates LLP for the financial year 2026.

Auditor firmFinancial yearFirm registration number
C N K And Associates LLPFY 2026101961W/W-100036

Shareholding

The shareholding of Ricinash Renewable Materials Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2026FY 2025FY 2024FY 2023FY 2022
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Ricinash Renewable Materials Private Limited, buy the company report.

Charges & borrowings

Open charges
₹1.97 Cr
Satisfied charges
₹2.05 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹1.97 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
05 Apr 2023100706265Hdfc Bank Limited₹1 LakhOpen
19 Jan 2023100673325Hdfc Bank Limited₹1.94 CrOpen
18 Apr 2019100254921Hdfc Bank Limited₹2 LakhOpen
18 Sep 2018100206079Hdfc Bank Limited₹90.05 LakhSatisfied
18 Jan 2018100149389Hdfc Bank Limited₹90 LakhSatisfied

To see the full charge records of Ricinash Renewable Materials Private Limited, buy the company report.

Total charge records: 7 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Ricinash Renewable Materials Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Ricinash Renewable Materials Private Limited has a workforce of 6 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.

Employee count
6
Active EPFO establishments
1
Employee growth
-25%

GST

Ricinash Renewable Materials has 3 GST registrations: 2 active and 1 cancelled or inactive.

Total GSTINs
3
Active
2
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AAACR4668J1Z0MaharashtraActive01 Jul 2017
24AAACR4668J1Z6GujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Ricinash Renewable Materials Private Limited, buy the company report.

Recent activity

Ricinash Renewable Materials Private Limited has 9 board changes on record since 1997: 3 appointments and 6 cessations. The latest: Jigish Shailesh Choksi ceased to be Additional Director on 28 Sep 2023.

Filing
Ricinash Renewable Materials Private Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai.
AGM
Ricinash Renewable Materials Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 0.02 Cr registered on 18 Apr 2019 with Charge ID 100254921 was modified on 06 Apr 2024.
Ceased
Jigish Shailesh Choksi ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.01 Cr with Charge ID 100706265 was registered on 05 Apr 2023.
Appointed
Jigish Shailesh Choksi was appointed as Director.
Ceased
Prafullika Shailesh Choksi ceased to be Director.
Charges
A charge registered on 18 Sep 2018 via Charge ID 100206079 with Hdfc Bank Limited was fully satisfied on 14 Feb 2023.
Charges
A charge registered on 18 Jan 2018 via Charge ID 100149389 with Hdfc Bank Limited was fully satisfied on 14 Feb 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.94 Cr with Charge ID 100673325 was registered on 19 Jan 2023.
Ceased
Apurva Kiran Shah ceased to be Director.
Ceased
Pratap Ashok Gokhale ceased to be Director.

14 earlier events are in the company report.

Frequently asked questions

Ricinash Renewable Materials is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 29 January 1997 (29+ years old) and is registered under CIN U15140MH1997PTC105499.

Ricinash Renewable Materials has 3 current directors:

The latest financial statements of Ricinash Renewable Materials on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Ricinash Renewable Materials is 27AAACR4668J1Z0, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAACR4668J1Z6 (Gujarat).

The CIN (Corporate Identification Number) of Ricinash Renewable Materials is U15140MH1997PTC105499. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Ricinash Renewable Materials has 1 court case on record: 1 filed against it. 1 is pending.

Ricinash Renewable Materials was incorporated on 29 January 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.

Jigish Shailesh Choksi ceased to be Additional Director on 28 Sep 2023. Jigish Shailesh Choksi was appointed as Director on 30 Mar 2023. Prafullika Shailesh Choksi ceased to be Director on 28 Mar 2023. Ricinash Renewable Materials has 9 board changes on record in total.

Yes, Ricinash Renewable Materials is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0040862).

Ricinash Renewable Materials can be reached through the website ricinash.com. Its registered office is in Mumbai, Maharashtra, India.