MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-07-0014362
Rico Winery Private Limited - food and beverages in Bijapur, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹20.58 Cr
▼ 18% YoY
Net loss · FY 2024
₹2.88 Cr
Net margin -14%
EBITDA · FY 2024
-₹1.47 Cr
EBITDA margin -7.1%
Authorised capital
₹9.95 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹15.42 Cr
Satisfied ₹10.25 Cr
Company age
18 yrs
Est. 2008
Employees · EPFO
29
Provident fund records
About Rico Winery Private Limited
Data last updated:
Rico Winery Private Limited is a private limited company based in Bijapur, Karnataka, India. It operates in the alcoholic beverage manufacturing and distribution segment of the food and beverages sector. It was incorporated on 22 December 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U15511KA2008PTC048676. Its GSTIN is 29AAECR2880C1ZD (Karnataka).
The company has an authorised share capital of ₹9.95 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Sangappa and Arjun Rudrappa Girennavr.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at N – 13 Kannal Cross Post : Kannal, Bijapur, Karnataka, India – 586119.
As per the financials filed for FY 2024, the company reported a revenue of ₹20.58 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net loss of ₹2.88 Cr (net margin -14%) and EBITDA of -₹1.47 Cr (EBITDA margin -7.1%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 13% over five years.
The company has about 29 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Rico Wines. As per MCA filings, the company has open charges of ₹15.42 Cr and satisfied charges of ₹10.25 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending.
Rico Winery Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-07-0014362). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ricowines.com.
Company details
CIN U15511KA2008PTC048676
Registration Number 048676
Incorporation Date 22 December 2008
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-07-0014362
Key People
Sangappa Director Arjun Rudrappa Girennavr Director Manjunath Rudrappa Girennavar Additional Director Recognitions & Rankings of Rico Winery
Contact details
Rico Winery Private Limited's registered office is in Bijapur, Karnataka. Its website is ricowines.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressN – 13 Kannal Cross Post : Kannal, Bijapur, Karnataka, India – 586119
- IndustryFood and Beverages, Alcoholic Beverage Manufacturing & Distribution
To see the full contact details of Rico Winery Private Limited, buy the company report.
Comprehensive company report
Rico Winery 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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Brands
Rico Winery operates one associated brand: Rico Wines. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces premium wines and provides vineyard tours in Bangalore. | ricowines.com |
Business activity
The main business activity of Rico Winery is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Rico Winery Private Limited, buy the company report.
Financials of Rico Winery Private Limited
FY 2024 filings availableRico Winery Private Limited reported revenue of ₹20.58 Cr (down 18% YoY) for FY 2024.
Revenue · FY 2024
₹20.58 Cr ▼ 18%
Net loss · FY 2024
₹2.88 Cr margin -14%
EBITDA · FY 2024
-₹1.47 Cr margin -7.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 18%
3 years · compounded
▲ 15%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▼ 188%
3 years · compounded
▼ 59%
5 years · compounded
▼ 37%
Revenue fell 18% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA fell 188% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹1.47 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.88 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -7.1% | ||||
| Net Profit Margin | -14% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Rico Winery Private Limited, buy the company report.
Board of directors of Rico Winery Private Limited
Rico Winery has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sangappa Also directs: Krishnakisan Farmers Producer Company Limited | Director | 01 Jun 2013 | 13 Years 4 Months | Current |
| Arjun Rudrappa Girennavr | Director | 01 Jun 2013 | 13 Years 4 Months | Current |
| Manjunath Rudrappa Girennavar Also directs: Criyagen Esg Enterprises Private Limited, Criyagen Agri & Biotech Private Limited, Criyagen Biologicals Private Limited and 1 more | Additional Director | 29 Jul 2025 | 1 Years 2 Months | Current |
Peer comparison
Rico Winery Private Limited is compared with the 6 companies closest to it by revenue in the Food and Beverages industry (Alcoholic Beverages), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Durga Liquor India Private Limited | ₹20.82 Cr (FY 2024) | 35.0% | Hyderabad, Telangana, India | |||
| Goa Brewcrafts Private Limited | ₹20.68 Cr (FY 2025) | 38.0% | Goa, India | |||
| Rico Winery Private Limitedthis company | ₹20.58 Cr (FY 2024) | -₹2.88 Cr | -14% | -18.0% | 29 | Bijapur, Karnataka, India |
| Vintage Bottlers Private Limited | ₹20.46 Cr (FY 2023) | 63.0% | Goa, India | |||
| Varas International Pvt Ltd | ₹20.38 Cr (FY 2025) | -8.0% | Kolkata, West Bengal, India | |||
| South Seas Distilleries and Breweries Private Limited | ₹19.85 Cr (FY 2021) | 41.0% | Mumbai, Maharashtra, India | |||
| Blooms Liquors Private Limited | ₹19.8 Cr (FY 2016) | 19.0% | Goraul, Bihar, India |
To see the full peer comparison of Rico Winery Private Limited, buy the company report.
Auditor
Rico Winery Private Limited is audited by M V Basidoni and Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M V Basidoni and Co | FY 2023 | 000405S |
Shareholding
The shareholding of Rico Winery Private 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 Winery Private Limited, buy the company report.
Charges & borrowings
Open charges
₹15.42 Cr
Satisfied charges
₹10.25 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2023 | 100720407 | Others | ₹75 Lakh | Open | |
| 30 Mar 2023 | 100720412 | Others | ₹3.5 Cr | Open | |
| 30 Mar 2023 | 100720599 | Others | ₹92 Lakh | Open | |
| 30 Mar 2023 | 100720606 | Others | ₹5 Cr | Open | |
| 05 Apr 2017 | 100092597 | Syndicate Bank | ₹2.5 Cr | Open |
To see the full charge records of Rico Winery Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Rico Winery Private Limited has 2 court cases on record: 1 filed by Rico Winery, 1 filed against it. 1 case is pending and 1 is disposed.
Total cases
2
Filed by the company
1
Filed against the company
1
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by John Distilleries Pvt Limited | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against State of Karnataka | Disposed |
To see the full case history of Rico Winery Private 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 Winery Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Rico Winery Private Limited has a workforce of 29 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
29
Active EPFO establishments
1
Employee growth
7.41%
GST
Rico Winery has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECR2880C1ZD | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rico Winery Private Limited, buy the company report.
Recent activity
Rico Winery Private Limited has 13 board changes on record since 2008: 8 appointments and 5 cessations. The latest: Manjunath Rudrappa Girennavar was appointed as Additional Director on 29 Jul 2025.
Appointed
Manjunath Rudrappa Girennavar was appointed as Additional Director.
AGM
Rico Winery Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Rico Winery Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Basavaraj Girennavar ceased to be Director.
Charges
A charge registered on 20 Sep 2022 via Charge ID 100618538 with Canara Bank was fully satisfied on 24 Apr 2023.
Charges
A charge with Others amounted to Rs. 0.75 Cr with Charge ID 100720407 was registered on 30 Mar 2023.
Charges
A charge with Others amounted to Rs. 3.50 Cr with Charge ID 100720412 was registered on 30 Mar 2023.
Charges
A charge with Others amounted to Rs. 0.92 Cr with Charge ID 100720599 was registered on 30 Mar 2023.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100720606 was registered on 30 Mar 2023.
Charges
A charge with Canara Bank amounted to Rs. 10.25 Cr with Charge ID 100618538 was registered on 20 Sep 2022.
Charges
A charge with Syndicate Bank amounted to Rs. 2.50 Cr with Charge ID 100092597 was registered on 05 Apr 2017.
Ceased
Jagadeesh Girennayar ceased to be Additional Director.
13 earlier events are in the company report.
Frequently asked questions
Rico Winery is an active private limited company based in Bijapur, Karnataka, India. The company works in alcoholic beverage manufacturing and distribution, within the food and beverages industry. It was incorporated on 22 December 2008 (18+ years old) and is registered under CIN U15511KA2008PTC048676.
Rico Winery has 3 current directors:
- Sangappa - Director
- Arjun Rudrappa Girennavr - Director
- Manjunath Rudrappa Girennavar - Additional Director
The latest financial statements of Rico Winery on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Rico Winery is 29AAECR2880C1ZD, registered in Karnataka.
The CIN (Corporate Identification Number) of Rico Winery is U15511KA2008PTC048676. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rico Winery has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Rico Winery was incorporated on 22 December 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Rico Winery by revenue are Durga Liquor India Private Limited, Goa Brewcrafts Private Limited, Vintage Bottlers Private Limited, Varas International Pvt Ltd, South Seas Distilleries and Breweries Private Limited and 1 more, all in the Food and Beverages industry (Alcoholic Beverages), with the same principal business activity (food, beverages and tobacco products).
Manjunath Rudrappa Girennavar was appointed as Additional Director on 29 Jul 2025. Basavaraj Girennavar ceased to be Director on 24 Feb 2024. Jagadeesh Girennayar ceased to be Additional Director on 06 Sep 2014. Rico Winery has 13 board changes on record in total.
Yes, Rico Winery is registered as a small enterprise under Udyam registration (number: UDYAM-KR-07-0014362).
Rico Winery can be reached through the website ricowines.com. Its registered office is in Bijapur, Karnataka, India.