MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-33-0003199
Ridham Synthetics Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹45.67 Cr
▼ 61% YoY
Net loss · FY 2024
₹11.77 Cr
Net margin -25.8%
EBITDA · FY 2024
-₹1.31 Cr
EBITDA margin -2.9%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.31 Cr
Issued & subscribed
Open charges
₹204.78 Cr
Satisfied ₹67.95 Cr
Company age
35 yrs
Est. 1991
Employees · EPFO
13
Provident fund records
About Ridham Synthetics Private Limited
Data last updated:
Ridham Synthetics Private Limited 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 14 January 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17100MH1991PTC059798. Its GSTIN is 27AAACR2823H1ZK (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.31 Cr. It is led by directors including Kaushik Ishwarlal Desai and Kamlesh Vimalchand Bafna.
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 Shree Mahalaxmi Woolen Millscompound Dr E Moses Rd Mahalaxmi, Mumbai, Maharashtra, India – 400011.
As per the financials filed for FY 2024, the company reported a revenue of ₹45.67 Cr, a decline of 61% compared to the previous year. For the same year it recorded a net loss of ₹11.77 Cr (net margin -25.8%) and EBITDA of -₹1.31 Cr (EBITDA margin -2.9%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 7% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ridham. As per MCA filings, the company has open charges of ₹204.78 Cr and satisfied charges of ₹67.95 Cr on record. Court records list 41 cases involving the company, including 3 filed by the company and 38 filed against it; 31 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹4.3 Cr; the latest was in July 2013. Its 7 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 3 larger and 4 smaller; the largest is New Diamond Fabtrends Private Limited with revenue of ₹45.86 Cr.
Ridham Synthetics Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0003199). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ridham.in.
Company details
CIN U17100MH1991PTC059798
Registration Number 059798
Incorporation Date 14 January 1991
ROC Mumbai
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 Medium
Udyam Registration UDYAM-MH-33-0003199
Key People
Kaushik Ishwarlal Desai Director Kamlesh Vimalchand Bafna Director Jasma Kamlesh Bafna Director Recognitions & Rankings of Ridham Synthetics
Contact details
Ridham Synthetics Private Limited's registered office is in Mumbai, Maharashtra. Its website is ridham.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShree Mahalaxmi Woolen Millscompound Dr E Moses Rd Mahalaxmi, Mumbai, Maharashtra, India – 400011
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Ridham Synthetics Private Limited, buy the company report.
Comprehensive company report
Ridham Synthetics 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 Ridham Synthetics 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 Ridham Synthetics Private Limited, buy the company report.
Financials of Ridham Synthetics Private Limited
FY 2025 filings availableRidham Synthetics Private Limited reported revenue of ₹45.67 Cr (down 61% YoY) for FY 2024.
Revenue · FY 2024
₹45.67 Cr ▼ 61%
Net loss · FY 2024
₹11.77 Cr margin -25.8%
EBITDA · FY 2024
-₹1.31 Cr margin -2.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 61%
3 years · compounded
▼ 5%
5 years · compounded
▼ 7%
EBITDA CAGR growth
1 year
▼ 112%
3 years · compounded
▼ 29%
5 years · compounded
▼ 16%
Revenue has declined at a compounded annual rate (CAGR) of 7% over five years, including a 61% fall in the latest year. EBITDA fell 112% 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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| Total Expenses | |||||
| EBITDA | -₹1.31 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11.77 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 | -2.9% | ||||
| Net Profit Margin | -25.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Ridham Synthetics Private Limited, buy the company report.
Board of directors of Ridham Synthetics Private Limited
Ridham Synthetics has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaushik Ishwarlal Desai Also directs: Shree Luxmi Woollen Mills Estate Private Limited | Director | 01 Apr 2006 | 20 Years 6 Months | Current |
| Kamlesh Vimalchand Bafna Also directs: Ridham Textiles Private Limited | Director | 14 Jan 1991 | 35 Years 9 Months | Current |
| Jasma Kamlesh Bafna Also directs: Ridham Textiles Private Limited | Director | 16 Aug 2008 | 18 Years 2 Months | Current |
Peer comparison
Ridham Synthetics Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| New Diamond Fabtrends Private Limited | ₹45.86 Cr (FY 2024) | 17.0% | New Delhi, Delhi, India | |||
| Ranjan Suitings Private Limited | ₹45.83 Cr (FY 2024) | -1.0% | Bhilwara, Rajasthan, India | |||
| Cheran Weaves India Private Limited | ₹45.81 Cr (FY 2025) | -15.0% | Erode, Tamil Nadu, India | |||
| Ridham Synthetics Private Limitedthis company | ₹45.67 Cr (FY 2024) | -₹11.77 Cr | -25.8% | -61.0% | 13 | Mumbai, Maharashtra, India |
| Rishikesh Filaments Private Limited | ₹45.66 Cr (FY 2025) | 3.0% | Mumbai, Maharashtra, India | |||
| Seema Sulz Private Limited | ₹45.65 Cr (FY 2025) | -7.0% | Bhilwara, Rajasthan, India | |||
| Sahyog Silk Mills Private Limited | ₹45.65 Cr (FY 2024) | 18.0% | Bhilwara, Rajasthan, India | |||
| Vishnu Cotton Mills Ltd | ₹45.62 Cr (FY 2025) | -37.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Ridham Synthetics Private Limited, buy the company report.
Auditor
Ridham Synthetics Private Limited is audited by RDS & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RDS & ASSOCIATES | FY 2023 | 322810E |
Shareholding
The shareholding of Ridham Synthetics 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 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ridham Synthetics Private Limited, buy the company report.
Charges & borrowings
Open charges
₹204.78 Cr
Satisfied charges
₹67.95 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 May 2023 | 100725850 | Others | ₹2.48 Cr | Open | |
| 17 May 2023 | 100725150 | Others | ₹1.24 Cr | Open | |
| 18 Jan 2021 | 100411304 | Others | ₹7.5 Cr | Open | |
| 26 Jul 2019 | 100282464 | Others | ₹14.28 Cr | Open | |
| 01 Jun 2019 | 100282598 | Others | ₹4.4 Cr | Open |
To see the full charge records of Ridham Synthetics Private Limited, buy the company report.
Total charge records: 20 View all charges
Deals & funding
Ridham Synthetics Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹4.3 Cr; the latest was in July 2013.
Total deals
1
Funding round
1
Disclosed funding
₹4.3 Cr
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2013 | Funding round | ₹4.3 Cr | Investors: Ridham Textiles Private Limited , 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ridham Synthetics Private Limited has 41 court cases on record: 3 filed by Ridham Synthetics, 38 filed against it. 31 cases are pending and 10 are disposed.
Total cases
41
Filed by the company
3
Filed against the company
38
Pending
31
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 31 | 31 | 27 |
| High courts | 5 | 3 | 3 |
| NCLAT | 3 | 3 | 0 |
| Supreme Court | 1 | 0 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Namakkal, Tamil Nadu | Criminal case | Filed against the company by VP Tex Yarn India Private Limited IT Rep by Its Authorized Person Mr Sathishkumar | Pending |
| District court, Namakkal, Tamil Nadu | Criminal case | Filed against the company by VP Tex Private Limited Rep by Its Authorized Person Mr Sivapraksham | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Zetwerk Manufacturing Businesses Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed against the company by R.D.K. Printing Private Ltd. | Disposed |
| District court, Navsari, Gujarat | Criminal complaint | Filed against the company by an individual | Pending |
To see the full case history of Ridham Synthetics 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 Ridham Synthetics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ridham Synthetics Private Limited has a workforce of 13 employees on its EPFO records as of Mar 26, 2024, across 1 active EPFO establishment.
Employee count
13
Active EPFO establishments
1
Employee growth
-18.75%
GST
Ridham Synthetics has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACR2823H1ZK | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ridham Synthetics Private Limited, buy the company report.
Recent activity
Ridham Synthetics Private Limited has 4 board changes on record since 1991: 3 appointments and 1 cessation. The latest: Chetan Vimalchand Bafna ceased to be Director on 16 Aug 2008.
AGM
Ridham Synthetics Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ridham Synthetics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 2.48 Cr with Charge ID 100725850 was registered on 17 May 2023.
Charges
A charge with Others amounted to Rs. 1.24 Cr with Charge ID 100725150 was registered on 17 May 2023.
Charges
A charge with Others of Rs. 78.99 Cr registered on 22 Aug 2016 with Charge ID 100051639 was modified on 09 Dec 2022.
Charges
A charge with Others of Rs. 47.09 Cr registered on 02 Feb 2016 with Charge ID 10619830 was modified on 11 Oct 2022.
Charges
A charge with Others amounted to Rs. 7.50 Cr with Charge ID 100411304 was registered on 18 Jan 2021.
Charges
A charge registered on 31 Jan 2015 via Charge ID 10546888 with Religare Finvest Limited was fully satisfied on 25 Sep 2020.
Charges
A charge with Others amounted to Rs. 14.28 Cr with Charge ID 100282464 was registered on 26 Jul 2019.
Charges
A charge with Others amounted to Rs. 4.40 Cr with Charge ID 100282598 was registered on 01 Jun 2019.
Charges
A charge with Others amounted to Rs. 24.40 Cr with Charge ID 100174857 was registered on 18 Apr 2018.
Charges
A charge with Others amounted to Rs. 3.65 Cr with Charge ID 100153233 was registered on 12 Jan 2018.
30 earlier events are in the company report.
Frequently asked questions
Ridham Synthetics 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 14 January 1991 (35+ years old) and is registered under CIN U17100MH1991PTC059798.
Ridham Synthetics has 3 current directors:
- Kaushik Ishwarlal Desai - Director
- Kamlesh Vimalchand Bafna - Director
- Jasma Kamlesh Bafna - Director
The latest financial statements of Ridham Synthetics 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 Ridham Synthetics is 27AAACR2823H1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ridham Synthetics is U17100MH1991PTC059798. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ridham Synthetics has 41 court cases on record: 3 filed by the company and 38 filed against it. 31 are pending. Most are in the district courts.
Ridham Synthetics was incorporated on 14 January 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
Ridham Synthetics has 1 deal on record (1 funding round), with disclosed funding of ₹4.3 Cr; the latest was in July 2013.
The peers of Ridham Synthetics by revenue are New Diamond Fabtrends Private Limited, Ranjan Suitings Private Limited, Cheran Weaves India Private Limited, Rishikesh Filaments Private Limited, Seema Sulz Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Chetan Vimalchand Bafna ceased to be Director on 16 Aug 2008. Jasma Kamlesh Bafna was appointed as Director on 16 Aug 2008. Kaushik Ishwarlal Desai was appointed as Director on 01 Apr 2006. Ridham Synthetics has 4 board changes on record in total.
Yes, Ridham Synthetics is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-33-0003199).