About Right Engineers & Equipment India Private Limited
Data last updated:
Right Engineers & Equipment India Private Limited is a private limited company based in Bangalore, Karnataka, 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 material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 25 June 2008.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29253KA2008PTC046899. Its GSTIN is 29AAECR0335C3ZP (Karnataka). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Cr. It is led by directors Chikkamagaravalli Manjappashetty Nagaraja and Haravinagandi Paramashiva Arun Kumar.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at No.25 D Cross Bilekahalli Industrial Area Banneraghatta Road, Bangalore, Karnataka, India – 560076.
As per the financials filed for FY 2018, the company reported a revenue of ₹13.32 Cr, a growth of 44% compared to the previous year. For the same year it recorded a net loss of ₹3.8 Cr (net margin -28.5%) and EBITDA of -₹1.51 Cr (EBITDA margin -11.3%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years.
The company has about 20 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹14.8 Cr and satisfied charges of ₹10.81 Cr on record. Court records list 13 cases involving the company, including 3 filed by the company and 10 filed against it; 1 case is pending.
The last known website on record is rightengineers.com.
Company details
Contact details
Right Engineers & Equipment India Private Limited's registered office is in Bangalore, Karnataka. Its website is rightengineers.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressNo.25 D Cross Bilekahalli Industrial Area Banneraghatta Road, Bangalore, Karnataka, India – 560076
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
To see the full contact details of Right Engineers & Equipment India 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
Business activity
The main business activity of Right Engineers & Equipment India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Right Engineers & Equipment India Private Limited, buy the company report.
Financials of Right Engineers & Equipment India Private Limited
FY 2018 filings availableRight Engineers & Equipment India Private Limited reported revenue of ₹13.32 Cr (up 44% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 44% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 2%. EBITDA fell 344% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹13.32 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹1.51 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹3.8 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -11.3% | |||
| Net Profit Margin | -28.5% | |||
| 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 Right Engineers & Equipment India Private Limited, buy the company report.
Board of directors of Right Engineers & Equipment India Private Limited
Right Engineers & Equipment India has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chikkamagaravalli Manjappashetty Nagaraja | Director | 25 Jun 2008 | 18 Years 4 Months | As last reported |
| Haravinagandi Paramashiva Arun Kumar | Director | 25 Jun 2008 | 18 Years 4 Months | As last reported |
Peer comparison
Right Engineers & Equipment India Private Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Eddy Current Controls India Ltd | ₹13.41 Cr (FY 2025) | 28.0% | Thrissur, Kerala, India | |||
| Right Engineers & Equipment India Private Limitedthis company | ₹13.32 Cr (FY 2018) | -₹3.8 Cr | -28.5% | 44.0% | 20 | Bangalore, Karnataka, India |
| Kamai Elevators Private Limited | ₹13.25 Cr (FY 2025) | -11.0% | Chennai, Tamil Nadu, India | |||
| Vanjax Sales P Ltd | ₹13.02 Cr (FY 2025) | -17.0% | Kancheepuram, Tamil Nadu, India |
To see the full peer comparison of Right Engineers & Equipment India Private Limited, buy the company report.
Shareholding
The shareholding of Right Engineers & Equipment India Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Right Engineers & Equipment India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Oct 2016 | 100066328 | Others | ₹14.8 Cr | Open | |
| 27 Aug 2014 | 10525808 | Syndicate Bank | ₹3 Cr | Satisfied | |
| 27 Aug 2014 | 10525816 | Syndicate Bank | ₹6.75 Cr | Satisfied | |
| 10 Mar 2014 | 10481827 | Canara Bank | ₹6.22 Lakh | Satisfied | |
| 10 Sep 2008 | 10122953 | Canara Bank | ₹1 Cr | Satisfied |
To see the full charge records of Right Engineers & Equipment India Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Right Engineers & Equipment India Private Limited has 13 court cases on record: 3 filed by Right Engineers & Equipment India, 10 filed against it. 1 case is pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 7 | 1 |
| NCLT | 3 | 2 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Pending |
| NCLAT, Court I | Tribunal matter | Filed against the company by Assistant Commissioner of Commercial Taxes (Audit) – 4.6 | Disposed |
| NCLT, Bengaluru | Insolvency matter | Filed against the company by Assistant P.F. Commissioner & Recovery Officer | Disposed |
| NCLT, Bengaluru | Insolvency matter | Filed against the company by Assistant Provident Fund Commissioner | Disposed |
| NCLT, Bengaluru | Insolvency matter | Filed by the company | Disposed |
To see the full case history of Right Engineers & Equipment India 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 Right Engineers & Equipment India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Right Engineers & Equipment India Private Limited has a workforce of 20 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Right Engineers & Equipment India has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECR0335C3ZP | Karnataka | Active | 01 Apr 2021 |
To see the full GST registrations and return filing status of Right Engineers & Equipment India Private Limited, buy the company report.
Recent activity
Right Engineers & Equipment India Private Limited has 2 board changes on record since 2008: 2 appointments. The latest: Chikkamagaravalli Manjappashetty Nagaraja was appointed as Director on 25 Jun 2008.
5 earlier events are in the company report.
Frequently asked questions
Right Engineers & Equipment India 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.
Right Engineers & Equipment India is a company under liquidation, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 25 June 2008 and is registered under CIN U29253KA2008PTC046899. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Right Engineers & Equipment India has 2 current directors:
- Chikkamagaravalli Manjappashetty Nagaraja - Director
- Haravinagandi Paramashiva Arun Kumar - Director
The latest financial statements of Right Engineers & Equipment India on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Right Engineers & Equipment India is U29253KA2008PTC046899. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Right Engineers & Equipment India has open charges of ₹14.8 Cr and satisfied charges of ₹10.81 Cr as per latest MCA filings.
Right Engineers & Equipment India has 13 court cases on record: 3 filed by the company and 10 filed against it. 1 is pending. Most are in the district courts.
Right Engineers & Equipment India was incorporated on 25 June 2008. It is registered with the Registrar of Companies, Bangalore.
The peers of Right Engineers & Equipment India by revenue are Eddy Current Controls India Ltd, Kamai Elevators Private Limited, Vanjax Sales P Ltd, all in the Machinery and Equipment industry (Material Handling Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Chikkamagaravalli Manjappashetty Nagaraja was appointed as Director on 25 Jun 2008. Haravinagandi Paramashiva Arun Kumar was appointed as Director on 25 Jun 2008.
Right Engineers & Equipment India can be reached through the website rightengineers.com. Its registered office is in Bangalore, Karnataka, India.
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