About Rico Fluidtronics Limited
Data last updated:
Rico Fluidtronics Limited was a public limited company based in Gurgaon, Haryana, India, operated as a subsidiary of Rico Auto Industries Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the industrial pumps and fluid systems segment of the machinery and industrial equipment sector. It was incorporated on 14 March 2008.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U29110HR2008PLC037708. Its GSTIN is 06AAFCM4888A1ZH (Haryana). The company held 3 GST registrations, of which 2 are active.
The company had an authorised share capital of ₹50 Cr and a paid-up capital of ₹42.24 Cr. It was formerly known as Rico Fluidtronics Private Limited and Magna Rico Powertrain Private Limited. It was led by directors including Kaushalendra Verma (Managing Director) and Arun Gupta.
Its last annual general meeting (AGM) was held on 25 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Gurgaon, Haryana.
As per the financials filed for FY 2023, the company reported a revenue of ₹138.29 Cr, a growth of 103% compared to the previous year. For the same year it recorded a net profit of ₹8.16 Cr (net margin 5.9%) and EBITDA of ₹15.55 Cr (EBITDA margin 11.2%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 8% over five years.
The company had about 199 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹9.9 Cr and satisfied charges of ₹121 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 5 deals on record (3 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹41.24 Cr; the latest was in March 2019.
The last known website on record is ricoauto.in.
Company details
Name history
Rico Fluidtronics has undergone 2 name changes throughout its history. The company was previously known as Rico Fluidtronics Private Limited, and Magna Rico Powertrain Private Limited. The current legal name is Rico Fluidtronics Limited.
| Company Name | Status |
|---|---|
| Rico Fluidtronics Limited | Current |
| Rico Fluidtronics Private Limited | Previous |
| Magna Rico Powertrain Private Limited | Previous |
CIN history
Rico Fluidtronics has one previous CIN (Corporate Identification Number): U29110HR2008PTC037708. The current CIN is U29110HR2008PLC037708, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29110HR2008PLC037708 | Current |
| U29110HR2008PTC037708 | Previous |
Contact details
Rico Fluidtronics Limited's registered office is in Gurgaon, Haryana. Its website is ricoauto.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address38. K.M Stone Delhi Jaipur Highway Village Khandsa C/O Rico Auto Industrie, S Limited, Gurgaon, Haryana, India – 122001
- IndustryMachinery and Equipment, Industrial Pumps & Fluid Systems
To see the full contact details of Rico Fluidtronics Limited, buy the company report.
- 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
Financials of Rico Fluidtronics Limited
FY 2024 filings availableRico Fluidtronics Limited reported revenue of ₹138.29 Cr (up 103% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 103% growth in the latest year. EBITDA rose 55% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹138.29 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹15.55 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.16 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.2% | ||||
| Net Profit Margin | 5.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Rico Fluidtronics Limited, buy the company report.
Board of directors of Rico Fluidtronics Limited
Rico Fluidtronics has 5 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arun Gupta Also directs: Rekha Gupta & Associates LLP, Arun Gupta Associates LLP, Technico Innovative Products Private Limited and 3 more | Director | 26 Jun 2019 | 7 Years 3 Months | As last reported |
| Om Prakash Aggarwal | Nominee Director | 14 Mar 2008 | 18 Years 7 Months | As last reported |
| Kaushalendra Verma Also directs: Rico Friction Technologies Limited, Rico Jinfei Wheels Limited, Rico Care Foundation and 2 more | Managing Director | 26 Jun 2019 | 7 Years 3 Months | As last reported |
| Sandeep Riat | Director | 26 Jun 2019 | 7 Years 3 Months | As last reported |
| Rajiv Miglani Kumar Also directs: Asn Manufacturing and Services Private Limited, Rico Friction Technologies Limited, Rico Jinfei Wheels Limited and 3 more | Director | 09 Nov 2022 | 3 Years 11 Months | As last reported |
Auditor
Rico Fluidtronics Limited is audited by B S R & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Rico Fluidtronics Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rico Fluidtronics Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2022 | 100595106 | Others | ₹60 Cr | Satisfied | |
| 06 Oct 2021 | 100486843 | Others | ₹60 Cr | Satisfied | |
| 25 Sep 2019 | 100291413 | Others | ₹1 Cr | Satisfied |
To see the full charge records of Rico Fluidtronics Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Rico Fluidtronics Limited has 5 deals on record (3 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹41.24 Cr; the latest was in March 2019.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Rico Auto Industries Limited , Rasa Autocom Limited Seller: Magna Powertrain Ag |
| Feb 2019 | Acquisition | ₹8.97 Cr | Buyer: Rico Auto Industries Limited , Rasa Autocom Limited Seller: Magna International Inc. |
| Sep 2012 | Funding round | ₹8 Cr | Investors: Magna Powertrain Ag, Rico Auto Industries Limited |
| Sep 2010 | Funding round | ₹15 Cr | Investors: Magna Powertrain Ag, Rico Auto Industries Limited |
| Jul 2008 | Funding round | ₹18.24 Cr | Investors: Magna Powertrain Ag, Rico Auto Industries Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Rico Fluidtronics Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State Government | Disposed |
To see the full case history of Rico Fluidtronics 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
No delayed payments to MSME suppliers are on our record for Rico Fluidtronics Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Rico Fluidtronics has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Rico Fluidtronics Limited has a workforce of 199 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Rico Fluidtronics has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAFCM4888A1ZH | Haryana | Active | 01 Jul 2017 |
| 24AAFCM4888A1ZJ | Gujarat | Active | 29 Jun 2024 |
To see the full GST registrations and return filing status of Rico Fluidtronics Limited, buy the company report.
Recent activity
Rico Fluidtronics Limited has 23 board changes on record since 2008: 5 appointments and 18 cessations. The latest: Rajiv Miglani Kumar ceased to be Additional Director on 21 Sep 2023.
20 earlier events are in the company report.
News
Frequently asked questions
Rico Fluidtronics has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Rico Fluidtronics was a public limited company based in Gurgaon, Haryana, India. The company worked in industrial pumps and fluid systems, within the machinery and equipment industry. It was incorporated on 14 March 2008 and is registered under CIN U29110HR2008PLC037708. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Rico Fluidtronics was incorporated on 14 March 2008. It is registered with the Registrar of Companies, Delhi.
Rico Fluidtronics had 5 directors:
- Kaushalendra Verma - Managing Director
- Arun Gupta - Director
- Om Prakash Aggarwal - Nominee Director
- Sandeep Riat - Director
- Rajiv Miglani Kumar - Director
The CIN (Corporate Identification Number) of Rico Fluidtronics is U29110HR2008PLC037708. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Rico Fluidtronics is at 38. K.M Stone Delhi Jaipur Highway Village Khandsa CO Rico Auto Industrie, S Limited, Gurgaon, Haryana, India – 122001.
Rico Fluidtronics can be reached through the website ricoauto.in. Its registered office is in Gurgaon, Haryana, India.
The latest financial statements of Rico Fluidtronics on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 25 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Rico Fluidtronics is 06AAFCM4888A1ZH, registered in Haryana. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAFCM4888A1ZJ (Gujarat).
Rico Fluidtronics operated in the machinery and equipment industry, in the industrial pumps and fluid systems segment.