MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MP-23-0073694
Ricon Impex Private Limited
Ricon Impex Private Limited - real estate and construction in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹10.22 Cr
▲ 6% YoY
Net profit · FY 2024
₹1.54 Cr
Net margin 15.1%
EBITDA · FY 2024
₹2.31 Cr
EBITDA margin 22.6%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹11.33 Cr
Satisfied ₹22 Lakh
Company age
20 yrs
Est. 2006
Directors on board
3
As per MCA filings
About Ricon Impex Private Limited
Data last updated:
Ricon Impex Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 09 January 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U51900MP2006PTC041146.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Ajit Borasi and Premchand Borasi.
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 Sector – A Bakhtawarram Nagar, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.22 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹1.54 Cr (net margin 15.1%) and EBITDA of ₹2.31 Cr (EBITDA margin 22.6%). Revenue has grown at a compounded annual rate (CAGR) of 120% over three years and 79% over five years.
As per MCA filings, the company has open charges of ₹11.33 Cr and satisfied charges of ₹22 Lakh on record.
Ricon Impex Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0073694). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U51900MP2006PTC041146
Registration Number 041146
Incorporation Date 09 January 2006
ROC Gwalior
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-MP-23-0073694
CIN history
Ricon Impex has one previous CIN (Corporate Identification Number): U51900MH2006PTC159081. The current CIN is U51900MP2006PTC041146, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51900MP2006PTC041146 | Current |
| U51900MH2006PTC159081 | Previous |
Recognitions & Rankings of Ricon Impex
Contact details
Ricon Impex Private Limited's registered office is in Indore, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSector – A Bakhtawarram Nagar, Indore, Madhya Pradesh, India – 452001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Ricon Impex Private Limited, buy the company report.
Comprehensive company report
Ricon Impex 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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Business activity
The main business activity of Ricon Impex is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Ricon Impex Private Limited, buy the company report.
Financials of Ricon Impex Private Limited
FY 2024 filings availableRicon Impex Private Limited reported revenue of ₹10.22 Cr (up 6% YoY) for FY 2024.
Revenue · FY 2024
₹10.22 Cr ▲ 6%
Net profit · FY 2024
₹1.54 Cr margin 15.1%
EBITDA · FY 2024
₹2.31 Cr margin 22.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 120%
5 years · compounded
▲ 79%
EBITDA CAGR growth
1 year
▲ 70%
3 years · compounded
▲ 72%
5 years · compounded
▲ 54%
Revenue has grown at a compounded annual rate (CAGR) of 79% over five years, including 6% growth in the latest year. EBITDA rose 70% 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 | ₹2.31 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.54 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 | 22.6% | ||||
| Net Profit Margin | 15.1% | ||||
| 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 Ricon Impex Private Limited, buy the company report.
Board of directors of Ricon Impex Private Limited
Ricon Impex has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajit Borasi | Director | 29 Jan 2025 | 1 Years 9 Months | Current |
| Premchand Borasi | Director | 19 Jan 2006 | 20 Years 9 Months | Current |
| Asha Borasi Also directs: Ricon Housing LLP, Ajit Club and Resorts Private Limited, Radiant Education and Entertainment Private Limited and 2 more | Director | 23 Feb 2009 | 17 Years 8 Months | Current |
Peer comparison
Ricon Impex Private Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| N K G Properties Private Limited | ₹10.22 Cr (FY 2025) | 12.0% | New Delhi, Delhi, India | |||
| Sanskriti Lifestyle Private Limited | ₹10.22 Cr (FY 2024) | 621531.0% | Mumbai, Maharashtra, India | |||
| Ricon Impex Private Limitedthis company | ₹10.22 Cr (FY 2024) | ₹1.54 Cr | 15.1% | 6.0% | Indore, Madhya Pradesh, India | |
| Khushal Sethi Housing Solutions Private Limited | ₹10.2 Cr (FY 2024) | 554.0% | New Delhi, Delhi, India |
To see the full peer comparison of Ricon Impex Private Limited, buy the company report.
Auditor
Ricon Impex Private Limited is audited by Anil Kamal Garg & Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Anil Kamal Garg & Company | FY 2023 | 004186C |
Shareholding
The shareholding of Ricon Impex 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 Impex Private Limited, buy the company report.
Charges & borrowings
Open charges
₹11.33 Cr
Satisfied charges
₹22 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jul 2025 | 101140444 | Hdfc Bank Limited | ₹8.6 Cr | Open | |
| 31 Jul 2024 | 100991662 | Hdfc Bank Limited | ₹1 Cr | Open | |
| 21 Apr 2023 | 100723278 | Axis Bank Limited | ₹28 Lakh | Open | |
| 20 Feb 2020 | 100330217 | Hdfc Bank Limited | ₹50 Lakh | Open | |
| 02 Mar 2019 | 100255156 | Canara Bank | ₹25 Lakh | Open |
To see the full charge records of Ricon Impex Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
No court or tribunal cases involving Ricon Impex 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 Impex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Ricon Impex Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Ricon Impex Private Limited has 5 board changes on record since 2006: 3 appointments and 2 cessations. The latest: Ajit Borasi was appointed as Director on 29 Jan 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 860.00 Lakh with Charge ID 101140444 was registered on 21 Jul 2025.
Appointed
Ajit Borasi was appointed as Director.
AGM
Ricon Impex Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 100.00 Lakh with Charge ID 100991662 was registered on 31 Jul 2024.
Filing
Ricon Impex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Gwalior.
Charges
A charge with Axis Bank Limited amounted to Rs. 28.00 Lakh with Charge ID 100723278 was registered on 21 Apr 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 50.00 Lakh with Charge ID 100330217 was registered on 20 Feb 2020.
Ceased
Ajit Borasi ceased to be Director.
Charges
A charge with Canara Bank amounted to Rs. 25.00 Lakh with Charge ID 100255156 was registered on 02 Mar 2019.
Charges
A charge registered on 05 Dec 2015 via Charge ID 10618684 with Canara Bank was fully satisfied on 21 Jan 2017.
Ceased
Rajesh Jagdish Sharma ceased to be Director.
Charges
A charge with Canara Bank amounted to Rs. 22.00 Lakh with Charge ID 10618684 was registered on 05 Dec 2015.
4 earlier events are in the company report.
Frequently asked questions
Ricon Impex is an active private limited company based in Indore, Madhya Pradesh, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 09 January 2006 (20+ years old) and is registered under CIN U51900MP2006PTC041146.
Ricon Impex has 3 current directors:
- Ajit Borasi - Director
- Premchand Borasi - Director
- Asha Borasi - Director
The latest financial statements of Ricon Impex 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 CIN (Corporate Identification Number) of Ricon Impex is U51900MP2006PTC041146. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ricon Impex was incorporated on 09 January 2006, making it 20+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Ricon Impex by revenue are N K G Properties Private Limited, Sanskriti Lifestyle Private Limited, Khushal Sethi Housing Solutions Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Ajit Borasi was appointed as Director on 29 Jan 2025. Ajit Borasi ceased to be Director on 04 Oct 2019. Rajesh Jagdish Sharma ceased to be Director on 15 Dec 2015. Ricon Impex has 5 board changes on record in total.
Yes, Ricon Impex is registered as a small enterprise under Udyam registration (number: UDYAM-MP-23-0073694).
The registered office of Ricon Impex is at Sector – A Bakhtawarram Nagar, Indore, Madhya Pradesh, India – 452001.
Ricon Impex operates in the real estate and construction industry, in the real estate builders and developers segment.
Ricon Impex has open charges of ₹11.33 Cr and satisfied charges of ₹22 Lakh as per latest MCA filings.
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