About Riga Sugar Co Ltd
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Riga Sugar Co Ltd is a public limited company based in Kolkata, West Bengal, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 02 September 1980.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L15421WB1980PLC032970. Its GSTIN is 19AABCR3554J3Z3 (West Bengal). The company holds 10 GST registrations, of which 5 are active. It is recorded as listed by MCA, but trading in its shares on BSE (507508) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹14.44 Cr. It is led by directors including Om Prakash Dhanuka (Managing Director) and Richa Ajitsaria.
Its last annual general meeting (AGM) was held on 21 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 14 Netaji Subhas Road2Nd Floor P S Hare Street, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2021, the company reported a revenue of ₹84.59 Cr, a decline of 46% compared to the previous year. For the same year it recorded a net loss of ₹47.37 Cr (net margin -56%) and EBITDA of -₹15.25 Cr (EBITDA margin -18%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 14% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: Riga Sugar Company. As per MCA filings, the company has open charges of ₹314.33 Cr and satisfied charges of ₹502.65 Cr on record. Court records list 47 cases involving the company, including 32 filed by the company and 15 filed against it; 4 cases are pending. The company has 86 deals on record (86 market trades); the latest was in April 2017. Its 3 peer companies in the Agriculture industry (Alcoholic Beverages, Biofuel and Biomass, Fertilizers), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 2 larger and 1 smaller; the largest is Leela Distilleries Private Limited with revenue of ₹85.08 Cr.
The last known website on record is rigasugar.com.
Company details
Contact details
Riga Sugar Co Ltd's registered office is in Kolkata, West Bengal. Its website is rigasugar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address14 Netaji Subhas Road2Nd Floor P S Hare Street, Kolkata, West Bengal, India – 700001
- IndustryAgriculture, Sugar Processing
To see the full contact details of Riga Sugar Co 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
Brands
Riga Sugar Co operates one associated brand: Riga Sugar Company. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Digital consultancy services for transformation, AI, and automation are provided. | rigasugar.com |
Business activity
The main business activity of Riga Sugar Co is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Riga Sugar Co Ltd, buy the company report.
Financials of Riga Sugar Co Ltd
FY 2021 filings availableRiga Sugar Co Ltd reported revenue of ₹84.59 Cr (down 46% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 14% over five years, including a 46% fall in the latest year. EBITDA fell 274% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹84.59 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹15.25 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹47.37 Cr | ||||
| 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -18% | ||||
| Net Profit Margin | -56% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Riga Sugar Co Ltd, buy the company report.
Board of directors and KMP of Riga Sugar Co Ltd
Riga Sugar Co Ltd currently reports 4 directors and 1 key managerial person. 17 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jitendra Kumar Pachisia | Cfo | 19 Aug 2020 | 6 Years 2 Months | As last reported |
| Om Prakash Dhanuka | Managing Director | 02 Sep 1980 | 46 Years 2 Months | As last reported |
| Richa Ajitsaria | Director | 29 Jul 2021 | 5 Years 3 Months | As last reported |
| Purushottam Jagannath Bhide Also directs: Greenfield Exports Ltd, Design India Pvt. Ltd., Western India Mining Services Pvt Ltd and 1 more | Director | 12 Apr 2019 | 7 Years 7 Months | As last reported |
| Dilip Datta | Director | 11 Feb 2016 | 10 Years 9 Months | As last reported |
Peer comparison
Riga Sugar Co Ltd is compared with the 3 companies closest to it by revenue in the Agriculture industry (Alcoholic Beverages, Biofuel and Biomass, Fertilizers), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Leela Distilleries Private Limited | ₹85.08 Cr (FY 2024) | -33.0% | Ponda, Goa, India | |||
| NSL Sugars (Tungabhadra) Limited | ₹84.95 Cr (FY 2025) | -47.0% | Siruguppa, Karnataka, India | |||
| Riga Sugar Co Ltdthis company | ₹84.59 Cr (FY 2021) | -₹47.37 Cr | -56% | -46.0% | 1 | Kolkata, West Bengal, India |
| Matoshri Laxmi Sugar Co-Generation Industries Limited | ₹84.16 Cr (FY 2024) | -58.0% | Akkalkot, Maharashtra, India |
To see the full peer comparison of Riga Sugar Co Ltd, buy the company report.
Auditor
Riga Sugar Co Ltd is audited by SALARPURIA & PARTNERS for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SALARPURIA & PARTNERS | FY 2021 | 302113E |
Shareholding
The shareholding of Riga Sugar Co Ltd is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Riga Sugar Co Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Dec 2015 | 10627121 | Union Bank of India | ₹2.31 Cr | Open | |
| 30 Oct 2015 | 10627124 | Union Bank of India | ₹4.2 Cr | Open | |
| 02 May 2014 | 10489301 | Union Bank of India | ₹3.21 Cr | Open | |
| 02 Apr 2011 | 10279204 | Union Bank of India | ₹3 Cr | Open | |
| 19 Mar 2008 | 10100697 | Union Bank of India | ₹1.65 Cr | Open |
To see the full charge records of Riga Sugar Co Ltd, buy the company report.
Total charge records: 28 View all charges
Deals & funding
Riga Sugar Co Ltd has 86 deals on record (86 market trades); the latest was in April 2017.
Deals on record (5 of 86)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2013 | Market trade | ₹37.5 Lakh | Buyer: Jamuna Commosales Private Limited , Genuine Deal Trade Private Limited, Abhinna Vyapaar Private Limited Seller: an individual |
| Apr 2013 | Market trade | ₹61.8 Lakh | Buyer: an individual Seller: Etl Infrastructure Finance Limited |
| Mar 2013 | Market trade | ₹28.5 Lakh | Buyer: an individual Seller: Kaniksha Merchants Private Limited |
| Feb 2013 | Market trade | ₹20.3 Lakh | Seller: Etl Infrastructure Finance Limited |
| Feb 2013 | Market trade | ₹29.7 Lakh | Buyer: Logical Financial Consultants Private Limited |
To see the full deal history of Riga Sugar Co Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Riga Sugar Co Ltd has 47 court cases on record: 32 filed by Riga Sugar Co, 15 filed against it. 4 cases are pending and 43 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 32 | 9 | 1 |
| District courts | 10 | 5 | 3 |
| Supreme Court | 5 | 1 | 0 |
Cases on record (5 of 47)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Court case (CRR) | Filed against the company by M/S Permionics Membranes Pvt Ltd & Anr | Disposed |
| High Court | Civil suit | Filed by the company against Kissels Engineering Works Pvt. Ltd. | Disposed |
| Calcutta High Court | Court case (CO) | Filed against the company by M/S. Lee & Muirhead Ltd. | Disposed |
| District court, Patna, Bihar | Court case (Cr. Case Complaint (P)) | Filed against the company by an individual | Pending |
| District court, Sitamarhi, Bihar | Court case (Cr. Case Complaint (O)) | Filed against the company by State of Bihar | Pending |
To see the full case history of Riga Sugar Co 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.
Credit ratings & regulatory alerts
Riga Sugar Co Ltd was last rated by Care on 05 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 05 Sep 2022 |
To see the full credit ratings and regulatory alerts of Riga Sugar Co Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Riga Sugar Co Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Riga Sugar Co Ltd has a workforce of 1 employees on its EPFO records as of Dec 2024, across 2 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2024-25 | 1 |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Riga Sugar Co Ltd, buy the company report.
GST
Riga Sugar Co has 10 GST registrations: 5 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCR3554J3Z3 | West Bengal | Active | 12 Sep 2017 |
| 19AABCR3554J4Z2 | West Bengal | Active | 29 Jul 2020 |
| 19AABCR3554J5Z1 | West Bengal | Active | 07 Nov 2021 |
| 10AABCR3554J2ZM | Bihar | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Riga Sugar Co Ltd, buy the company report.
Recent activity
Riga Sugar Co Ltd has 37 board changes on record since 1980: 21 appointments and 16 cessations. The latest: Neeraj Jain ceased to be Irp/Rp/Liquidator on 03 Dec 2025.
85 earlier events are in the company report.
Frequently asked questions
Riga Sugar Co is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Riga Sugar Co is a company under liquidation, formerly operating as a public limited company based in Kolkata, West Bengal, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 02 September 1980 and is registered under CIN L15421WB1980PLC032970. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Riga Sugar Co has 5 current directors and KMP:
- Om Prakash Dhanuka - Managing Director
- Richa Ajitsaria - Director
- Purushottam Jagannath Bhide - Director
- Dilip Datta - Director
- Jitendra Kumar Pachisia - Cfo
The latest financial statements of Riga Sugar Co on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 21 September 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Riga Sugar Co is L15421WB1980PLC032970. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Riga Sugar Co is recorded as a listed company by MCA, but trading in its shares on BSE (507508) has been suspended, so they do not currently trade on a stock exchange.
Riga Sugar Co has open charges of ₹314.33 Cr and satisfied charges of ₹502.65 Cr as per latest MCA filings.
Riga Sugar Co has 47 court cases on record: 32 filed by the company and 15 filed against it. 4 are pending. Most are in the high courts.
Riga Sugar Co was incorporated on 02 September 1980. It is registered with the Registrar of Companies, Kolkata.
Riga Sugar Co has 86 deals on record (86 market trades); the latest was in April 2017.
The peers of Riga Sugar Co by revenue are Leela Distilleries Private Limited, NSL Sugars (Tungabhadra) Limited, Matoshri Laxmi Sugar Co-Generation Industries Limited, all in the Agriculture industry (Alcoholic Beverages, Biofuel and Biomass, Fertilizers), with the same principal business activity (food, beverages and tobacco products).
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