About Ricron Panels Private Limited
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Ricron Panels Private Limited is a private limited company based in Jalgaon, Maharashtra, India. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 03 June 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U20211MH2009PTC192982. Its GSTIN is 24AAECD5525A1Z9 (Gujarat).
The company has an authorised share capital of ₹29.38 Lakh and a paid-up capital of ₹18.51 Lakh. It was formerly known as Deeya Panel Products Private Limited. It is led by directors including Rahul Chaudhary and Sharda Subhash Chaudhari.
Its last annual general meeting (AGM) was held on 03 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 15 Shree Pratap Nagar, Jalgaon, Maharashtra, India – 425001.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.02 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net loss of ₹4.34 Cr (net margin -61.9%) and EBITDA of -₹3.42 Cr (EBITDA margin -48.7%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 6% over five years.
The company has about 41 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ricron Panels. As per MCA filings, the company has open charges of ₹3.37 Cr and satisfied charges of ₹3.85 Cr on record. Court records list 2 cases involving the company, including 2 filed against it. The company has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹13.14 Cr; the latest was in May 2024. The company has 3 MSME Form 1 returns on record between 2023 and 2024, listing 328 overdue payments to 15 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ricron.com.
Company details
Contact details
Ricron Panels Private Limited's registered office is in Jalgaon, Maharashtra. Its website is ricron.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address15 Shree Pratap Nagar, Jalgaon, Maharashtra, India – 425001
- IndustryManufacturing, Construction Materials
To see the full contact details of Ricron Panels Private 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
Brands
Ricron Panels operates one associated brand: Ricron Panels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of building materials for construction solutions | ricron.com |
Business activity
The main business activity of Ricron Panels is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Ricron Panels Private Limited, buy the company report.
Financials of Ricron Panels Private Limited
FY 2024 filings availableRicron Panels Private Limited reported revenue of ₹7.02 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 2% growth in the latest year. EBITDA fell 186% 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 |
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| EBITDA | -₹3.42 Cr | ||||
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| Net Profit (PAT) | -₹4.34 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -48.7% | ||||
| Net Profit Margin | -61.9% | ||||
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To see the full financial statements and ratios of Ricron Panels Private Limited, buy the company report.
Board of directors of Ricron Panels Private Limited
Ricron Panels has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Chaudhary Also directs: Terraform Esg Private Limited, Aventus Infratech Private Limited | Director | 11 Jul 2019 | 7 Years 3 Months | Current |
| Sharda Subhash Chaudhari | Director | 30 Sep 2014 | 12 Years 0 Months | Current |
| Radhika Subhash Chaudhary Also directs: Terraform Esg Private Limited | Director | 17 May 2024 | 2 Years 5 Months | Current |
Auditor
Ricron Panels Private Limited is audited by Saini Pati Shah & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Saini Pati Shah & Co LLP | FY 2023 | 137904W |
Shareholding
The shareholding of Ricron Panels 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 Ricron Panels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Aug 2021 | 100472084 | Others | ₹3.37 Cr | Open | |
| 24 Aug 2020 | 100372587 | Others | ₹43.24 Lakh | Satisfied | |
| 03 Jul 2020 | 100373222 | Others | ₹47 Lakh | Satisfied | |
| 17 Dec 2019 | 100311563 | Others | ₹1.1 Cr | Satisfied | |
| 20 Nov 2019 | 100305040 | Others | ₹65 Lakh | Satisfied |
To see the full charge records of Ricron Panels Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Ricron Panels Private Limited has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹13.14 Cr; the latest was in May 2024.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2024 | Funding round · Pre-Series A | ₹5.54 Cr | Investors: Boon Sustainability Technologies, 3 individuals |
| Dec 2020 | Funding round · Seed | ₹7.5 Cr | Investors: Circulate Capital |
| Nov 2020 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Nov 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
To see the full deal history of Ricron Panels Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ricron Panels Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bharuch, Gujarat | Court case (EXE R) | Filed against the company by M/S Ideas Plus Technology Solutions Pvt. Ltd. Through Its A.R. Mr.Ronak Patel | Disposed |
| District court, Bharuch, Gujarat | Court case (SMST R) | Filed against the company by M/S Ideas Plus Technology Solutions Pvt. Ltd. Through Its A.R. Mr.Ronak Patel | Disposed |
To see the full case history of Ricron Panels 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
Ricron Panels Private Limited has 3 MSME Form 1 returns on record between 2023 and 2024, listing 328 overdue payments to 15 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 15)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Besto Weld Corporation | |||
| an individual supplier | |||
| Jai Industries | |||
| an individual supplier | |||
| Shree Chandika Grinding Works |
To see the full MSME payment records of Ricron Panels Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ricron Panels Private Limited has a workforce of 41 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Ricron Panels has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECD5525A1Z9 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ricron Panels Private Limited, buy the company report.
Recent activity
Ricron Panels Private Limited has 10 board changes on record since 2013: 3 appointments and 7 cessations. The latest: Dinesh Babbar ceased to be Additional Director on 17 May 2024.
14 earlier events are in the company report.
Frequently asked questions
Ricron Panels is an active private limited company based in Jalgaon, Maharashtra, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 03 June 2009 (17+ years old) and is registered under CIN U20211MH2009PTC192982.
Ricron Panels has 3 current directors:
- Rahul Chaudhary - Director
- Sharda Subhash Chaudhari - Director
- Radhika Subhash Chaudhary - Director
The latest financial statements of Ricron Panels on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 03 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ricron Panels is 24AAECD5525A1Z9, registered in Gujarat.
The CIN (Corporate Identification Number) of Ricron Panels is U20211MH2009PTC192982. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ricron Panels has 2 court cases on record: 2 filed against it.
Ricron Panels was incorporated on 03 June 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
Ricron Panels has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹13.14 Cr; the latest was in May 2024.
Dinesh Babbar ceased to be Additional Director on 17 May 2024. Radhika Subhash Chaudhary was appointed as Director on 17 May 2024. Radhika Subhash Chaudhary ceased to be Additional Director on 17 May 2024. Ricron Panels has 10 board changes on record in total.
Ricron Panels has 3 MSME Form 1 returns on record between 2023 and 2024, listing 328 overdue payments to 15 micro and small suppliers. The latest return was filed on 25 Apr 2024.
Ricron Panels can be reached through the website ricron.com. Its registered office is in Jalgaon, Maharashtra, India.