Ricolene Syntex P Ltd
About Ricolene Syntex P Ltd
Data last updated:
Ricolene Syntex P Ltd is a private limited company based in Mumbai, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 28 March 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17120MH1994PTC077351. Its GSTIN is 26AABCR3126J1ZI (Dadra and Nagar Haveli and Daman and Diu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹58.12 Lakh. It is led by directors including Deepak Bhavarlal Jain and Bhavarlal Saremal Jain.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹35.7 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹18.85 Lakh (net margin 0.5%) and EBITDA of ₹55.59 Lakh (EBITDA margin 1.6%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 21% over five years.
As per MCA filings, the company has open charges of ₹2.25 Cr and satisfied charges of ₹9.18 Cr on record. Court records list 15 cases involving the company, including 15 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ricolene Syntex P Ltd's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOff No.29 3rd Flr 12/16 Gopalji Thackersey Bldg 1st Old Hanuman Cross Lane Kalbadevi R, Oad, Mumbai, Maharashtra, India – 400002
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Ricolene Syntex P Ltd, 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
Business activity
The main business activity of Ricolene Syntex P is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Ricolene Syntex P Ltd, buy the company report.
Financials of Ricolene Syntex P Ltd
FY 2025 filings availableRicolene Syntex P Ltd reported revenue of ₹35.7 Cr (down 18% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 18% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 21%. EBITDA fell 36% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹55.59 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹18.85 Lakh | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.6% | ||||
| Net Profit Margin | 0.5% | ||||
| 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 Ricolene Syntex P Ltd, buy the company report.
Board of directors of Ricolene Syntex P Ltd
Ricolene Syntex P has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Bhavarlal Jain | Director | 01 Apr 1999 | 27 Years 6 Months | Current |
| Bhavarlal Saremal Jain | Director | 28 Mar 1994 | 32 Years 7 Months | Current |
| Mosambiben Bhavarlal Jain | Director | 28 Mar 1994 | 32 Years 7 Months | Current |
Peer comparison
Ricolene Syntex P Ltd is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Manan Cotsyn Private Limited | ₹35.74 Cr (FY 2025) | 19.0% | Mumbai, Maharashtra, India | |||
| Shyam Sundar Weaves Private Limited | ₹35.73 Cr (FY 2025) | 15.0% | Surat, Gujarat, India | |||
| Shree Rukmani Fabtex Private Limited | ₹35.73 Cr (FY 2025) | 5.0% | Jaipur, Rajasthan, India | |||
| New Horizon Knits Private Limited | ₹35.7 Cr (FY 2025) | -10.0% | Delhi, India | |||
| Ricolene Syntex P Ltdthis company | ₹35.7 Cr (FY 2024) | ₹18.85 Lakh | 0.5% | -18.0% | Mumbai, Maharashtra, India | |
| Sunbright Fabrics Private Limited | ₹35.68 Cr (FY 2024) | 0.0% | Burdwan, West Bengal, India | |||
| Esjay International Private Limited | ₹35.64 Cr (FY 2025) | -1.0% | Thane, Maharashtra, India | |||
| Winsome Yarns Ltd | ₹35.64 Cr (FY 2023) | -18.0% | Chandigarh, India | |||
| Harshavardhan Cotton and Synthetics Private Limited | ₹35.63 Cr (FY 2015) | 10.0% | Tirupur, Tamil Nadu, India |
To see the full peer comparison of Ricolene Syntex P Ltd, buy the company report.
Auditor
Ricolene Syntex P Ltd is audited by S T BALDIA & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S T BALDIA & CO | FY 2020 | 100939W |
Shareholding
The shareholding of Ricolene Syntex P Ltd is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ricolene Syntex P Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Aug 2025 | 101153304 | Others | ₹2.25 Cr | Open | |
| 22 Apr 2022 | 100579205 | Others | ₹1 Cr | Satisfied | |
| 20 Apr 2000 | 90164025 | Bank of Maharashtra | ₹8.18 Cr | Satisfied |
To see the full charge records of Ricolene Syntex P Ltd, buy the company report.
Total charge records: 3 View all charges
Legal cases
Ricolene Syntex P Ltd has 15 court cases on record: 15 filed against it. 3 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 11 | 2 |
| District courts | 3 | 3 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (OLR) | Filed against the company by Official Liquidator of Shri Someshwara Spun (P) Ltd. (in Liquidation) | Pending |
| High Court, MAHARASHTRA | Court case (OLR) | Filed against the company by Official Liquidator of Shri Someshwara Spun (P) Ltd. (in Liquidtion) | Disposed |
| High Court, MAHARASHTRA | Court case (APP) | Filed against the company by an individual | Pending |
| District court, Silvassa, DNH at Silvasa | Court case (S.C.S.) | Filed against the company by Nextgen Fibers Pvt Ltd | Pending |
| District court, Silvassa, DNH at Silvasa | Commercial suit | Filed against the company by Nextgen Fibers Pvt. Ltd. | Disposed |
To see the full case history of Ricolene Syntex P Ltd, 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 Ricolene Syntex P Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ricolene Syntex P has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 26AABCR3126J1ZI | Dadra and Nagar Haveli and Daman and Diu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ricolene Syntex P Ltd, buy the company report.
Recent activity
Ricolene Syntex P Ltd has 3 board changes on record since 1994: 3 appointments. The latest: Deepak Bhavarlal Jain was appointed as Director on 01 Apr 1999.
Frequently asked questions
Ricolene Syntex P is an active private limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 28 March 1994 (32+ years old) and is registered under CIN U17120MH1994PTC077351.
Ricolene Syntex P has 3 current directors:
- Deepak Bhavarlal Jain - Director
- Bhavarlal Saremal Jain - Director
- Mosambiben Bhavarlal Jain - Director
The latest financial statements of Ricolene Syntex P on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ricolene Syntex P is 26AABCR3126J1ZI, registered in Dadra and Nagar Haveli and Daman and Diu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Ricolene Syntex P is U17120MH1994PTC077351. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ricolene Syntex P has 15 court cases on record: 15 filed against it. 3 are pending. Most are in the high courts.
Ricolene Syntex P was incorporated on 28 March 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ricolene Syntex P by revenue are Manan Cotsyn Private Limited, Shyam Sundar Weaves Private Limited, Shree Rukmani Fabtex Private Limited, New Horizon Knits Private Limited, Sunbright Fabrics Private Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Deepak Bhavarlal Jain was appointed as Director on 01 Apr 1999. Bhavarlal Saremal Jain was appointed as Director on 28 Mar 1994. Mosambiben Bhavarlal Jain was appointed as Director on 28 Mar 1994.
The registered office of Ricolene Syntex P is at Off No.29 3rd Flr 1216 Gopalji Thackersey Bldg 1st Old Hanuman Cross Lane Kalbadevi R, Oad, Mumbai, Maharashtra, India – 400002.
Ricolene Syntex P operates in the manufacturing industry, in the textile and fabric production segment.