MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-01-0077935
Ricon Batteries Private Limited
Ricon Batteries Private Limited - consumer electronics & durables in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.08 Cr
▼ 40% YoY
EBITDA · FY 2025
₹10.94 Lakh
EBITDA margin 10.1%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹16.91 Lakh
Issued & subscribed
Open charges
₹4.49 Cr
Satisfied ₹2.1 Cr
Company age
17 yrs
Est. 2009
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Ricon Batteries Private Limited
Data last updated:
Ricon Batteries Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 16 March 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31404GJ2009PTC056373. Its GSTIN is 24AAECR3443D1ZS (Gujarat).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹16.91 Lakh. It is led by directors Ashokbhai Vallabhabhai Goti and Rakeshkumar Balchandbhai Shah.
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 15 Anandnagar Shoping Centre 100 Ft Road Vejalpur, Ahmedabad, Gujarat, India – 380051.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.08 Cr, a decline of 40% compared to the previous year. For the same year it recorded EBITDA of ₹10.94 Lakh (EBITDA margin 10.1%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 14% over five years.
As per MCA filings, the company has open charges of ₹4.49 Cr and satisfied charges of ₹2.1 Cr on record.
Ricon Batteries Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0077935). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U31404GJ2009PTC056373
Registration Number 056373
Incorporation Date 16 March 2009
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0077935
Recognitions & Rankings of Ricon Batteries
Contact details
Ricon Batteries Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address15 Anandnagar Shoping Centre 100 Ft Road Vejalpur, Ahmedabad, Gujarat, India – 380051
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Ricon Batteries Private Limited, buy the company report.
Comprehensive company report
Ricon Batteries 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Ricon Batteries is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Ricon Batteries Private Limited, buy the company report.
Financials of Ricon Batteries Private Limited
FY 2025 filings availableRicon Batteries Private Limited reported revenue of ₹1.08 Cr (down 40% YoY) for FY 2025.
Revenue · FY 2025
₹1.08 Cr ▼ 40%
EBITDA · FY 2025
₹10.94 Lakh margin 10.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 40%
3 years · compounded
▼ 19%
5 years · compounded
▼ 14%
EBITDA CAGR growth
1 year
▼ 4%
3 years · compounded
▼ 2%
5 years · compounded
▲ 28%
Revenue has declined at a compounded annual rate (CAGR) of 14% over five years, including a 40% fall in the latest year. EBITDA fell 4% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹10.94 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.1% | ||||
| Net Profit Margin | |||||
| 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 Ricon Batteries Private Limited, buy the company report.
Board of directors of Ricon Batteries Private Limited
Ricon Batteries has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashokbhai Vallabhabhai Goti | Director | 15 Dec 2009 | 16 Years 10 Months | Current |
| Rakeshkumar Balchandbhai Shah Also directs: Jirawala Buildcon LLP, Ricon Trade Com Private Limited | Director | 16 Mar 2009 | 17 Years 7 Months | Current |
Peer comparison
Ricon Batteries Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Itco Impex Ltd | ₹1.09 Cr (FY 2025) | 27.0% | Kolkata, West Bengal, India | |||
| Air Measure Engineering Private Limited | ₹1.09 Cr (FY 2025) | 150.0% | Hyderabad, Telangana, India | |||
| Swastik Solar Pvt Ltd | ₹1.08 Cr (FY 2024) | 557.0% | Kolkata, West Bengal, India | |||
| Linkwise Tie-Up Private Limited | ₹1.08 Cr (FY 2025) | -35.0% | Kolkata, West Bengal, India | |||
| Ricon Batteries Private Limitedthis company | ₹1.08 Cr (FY 2025) | -40.0% | Ahmedabad, Gujarat, India | |||
| Sancon India Private Limited | ₹1.07 Cr (FY 2016) | 25.0% | New Delhi, Delhi, India | |||
| Hi Tech Components Private Limited | ₹1.07 Cr (FY 2025) | 26.0% | New Delhi, Delhi, India |
To see the full peer comparison of Ricon Batteries Private Limited, buy the company report.
Auditor
Ricon Batteries Private Limited is audited by M. H. ZAVERI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M. H. ZAVERI & CO. | FY 2023 | 127785W |
Shareholding
The shareholding of Ricon Batteries 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 Ricon Batteries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.49 Cr
Satisfied charges
₹2.1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Mar 2012 | 10349405 | Canara Bank | ₹1.49 Cr | Open | |
| 09 Mar 2012 | 10410577 | Canara Bank | ₹3 Cr | Open | |
| 12 Aug 2010 | 10239321 | Punjab National Bank | ₹1.05 Cr | Satisfied | |
| 06 Aug 2010 | 10233362 | Punjab National Bank | ₹1.05 Cr | Satisfied |
To see the full charge records of Ricon Batteries Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Ricon Batteries Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ricon Batteries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ricon Batteries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECR3443D1ZS | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ricon Batteries Private Limited, buy the company report.
Recent activity
Ricon Batteries Private Limited has 5 board changes on record since 2009: 2 appointments and 3 cessations. The latest: Vipulkumar Narottamdas Gandhi ceased to be Director on 28 Nov 2019.
AGM
Ricon Batteries Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ricon Batteries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Canara Bank of Rs. 149.20 Lakh registered on 27 Mar 2012 with Charge ID 10349405 was modified on 30 Jun 2020.
Ceased
Vipulkumar Narottamdas Gandhi ceased to be Director.
Ceased
Kalpesh Kantilal Shah ceased to be Director.
Ceased
Vandanaben Rakeshkumar Shah ceased to be Director.
Charges
A charge with Canara Bank of Rs. 300.00 Lakh registered on 09 Mar 2012 with Charge ID 10410577 was modified on 30 May 2013.
Charges
A charge registered on 12 Aug 2010 via Charge ID 10239321 with Punjab National Bank was fully satisfied on 28 Mar 2012.
Charges
A charge registered on 06 Aug 2010 via Charge ID 10233362 with Punjab National Bank was fully satisfied on 28 Mar 2012.
Charges
A charge with Canara Bank amounted to Rs. 149.20 Lakh with Charge ID 10349405 was registered on 27 Mar 2012.
Charges
A charge with Canara Bank amounted to Rs. 300.00 Lakh with Charge ID 10410577 was registered on 09 Mar 2012.
Charges
A charge with Punjab National Bank amounted to Rs. 105.00 Lakh with Charge ID 10239321 was registered on 12 Aug 2010.
4 earlier events are in the company report.
Frequently asked questions
Ricon Batteries is an active private limited company based in Ahmedabad, Gujarat, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 16 March 2009 (17+ years old) and is registered under CIN U31404GJ2009PTC056373.
Ricon Batteries has 2 current directors:
- Ashokbhai Vallabhabhai Goti - Director
- Rakeshkumar Balchandbhai Shah - Director
The latest financial statements of Ricon Batteries 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 Ricon Batteries is 24AAECR3443D1ZS, registered in Gujarat.
The CIN (Corporate Identification Number) of Ricon Batteries is U31404GJ2009PTC056373. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ricon Batteries was incorporated on 16 March 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ricon Batteries by revenue are Itco Impex Ltd, Air Measure Engineering Private Limited, Swastik Solar Pvt Ltd, Linkwise Tie-Up Private Limited, Sancon India Private Limited and 1 more, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading).
Vipulkumar Narottamdas Gandhi ceased to be Director on 28 Nov 2019. Kalpesh Kantilal Shah ceased to be Director on 23 Nov 2018. Vandanaben Rakeshkumar Shah ceased to be Director on 12 Oct 2013. Ricon Batteries has 5 board changes on record in total.
Yes, Ricon Batteries is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0077935).
The registered office of Ricon Batteries is at 15 Anandnagar Shoping Centre 100 Ft Road Vejalpur, Ahmedabad, Gujarat, India – 380051.
Ricon Batteries operates in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages