MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0088674
Rigi Cut Tools Private Limited - machinery and equipment in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹9.37 Cr
▲ 22% YoY
Net profit · FY 2024
₹1.22 Lakh
Net margin 0.1%
EBITDA · FY 2024
₹2.13 Cr
EBITDA margin 22.8%
Authorised capital
₹75 Lakh
Registered with MCA
Paid-up capital
₹75 Lakh
Issued & subscribed
Open charges
₹7.83 Cr
Satisfied ₹15.65 Cr
Company age
46 yrs
Est. 1980
Employees · EPFO
13
Provident fund records
About Rigi Cut Tools Private Limited
Data last updated:
Rigi Cut Tools Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 05 November 1980 and has been in existence for over 46 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U28939MH1980PTC023428. Its GSTIN is 27AAACR8066L1ZW (Maharashtra).
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹75 Lakh. It is led by directors Jaideep Romeshchand Singal (Managing Director) and Deepa Jaideep Singal.
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 Plot No J – 51 S Blockp B No 1841 Industrial Area Bhosari MIDC, Pune, Maharashtra, India – 411026.
As per the financials filed for FY 2024, the company reported a revenue of ₹9.37 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹1.22 Lakh (net margin 0.1%) and EBITDA of ₹2.13 Cr (EBITDA margin 22.8%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 9% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7.83 Cr and satisfied charges of ₹15.65 Cr on record.
Rigi Cut Tools Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0088674). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rigicuttools.com.
Company Details of Rigi Cut Tools Private Limited
CIN U28939MH1980PTC023428
Registration Number 023428
Incorporation Date 05 November 1980
ROC Pune
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-MH-26-0088674
Recognitions & Rankings of Rigi Cut Tools
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No J – 51 S Blockp B No 1841 Industrial Area Bhosari MIDC, Pune, Maharashtra, India – 411026
- IndustryMachinery and Equipment, Industrial Tools & Components
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Business Activity of Rigi Cut Tools Private Limited
The main business activity of Rigi Cut Tools is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Rigi Cut Tools Private Limited FY 2024 filings available
Rigi Cut Tools Private Limited reported revenue of ₹9.37 Cr (up 22% YoY) for FY 2024.
Revenue · FY 2024
₹9.37 Cr ▲ 22%
Net profit · FY 2024
₹1.22 Lakh margin 0.1%
EBITDA · FY 2024
₹2.13 Cr margin 22.8%
Compounded Annual Growth Rate (CAGR) of Rigi Cut Tools Private Limited
Revenue CAGR growth
1 year
▲ 22%
3 years · compounded
▲ 27%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▲ 64%
3 years · compounded
▲ 21%
5 years · compounded
▲ 8%
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 22% growth in the latest year. EBITDA rose 64% 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 of Rigi Cut Tools Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.13 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.22 Lakh | •••• | •••• | •••• | •••• |
| 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 of Rigi Cut Tools Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Rigi Cut Tools are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Rigi Cut Tools Private Limited
Rigi Cut Tools has 2 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 |
|---|---|---|---|---|
| Jaideep Romeshchand Singal | Managing Director | 01 Apr 2000 | 26 Years 6 Months | Current |
| Deepa Jaideep Singal | Director | 01 Jul 2009 | 17 Years 3 Months | Current |
Peer Comparison of Rigi Cut Tools Private Limited
Rigi Cut Tools Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ganesh Fabrotech Private Limited | ₹9.4 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Pune, Maharashtra, India |
| Aprar India Private Limited | ₹9.39 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Pune, Maharashtra, India |
| Basic Engineering Private Limited | ₹9.38 Cr (FY 2024) | •••• | •••• | 641.0% | •••• | Vile Parle East, Maharashtra, India |
| Patange Industries Private Limited | ₹9.38 Cr (FY 2025) | •••• | •••• | 1304.0% | •••• | Pune, Maharashtra, India |
| Aerostar Manufacturing Private Limited | ₹9.37 Cr (FY 2025) | •••• | •••• | 252.0% | •••• | Pune, Maharashtra, India |
| Rigi Cut Tools Private Limited this company | ₹9.37 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Pune, Maharashtra, India |
| Rupesh Technologies Private Limited | ₹9.37 Cr (FY 2024) | •••• | •••• | 65.0% | •••• | Bangalore, Karnataka, India |
| Globus Spares Private Limited | ₹9.33 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Chennai, Tamil Nadu, India |
| Cab Worldwide India Engineering and Manufacturing Private Limited | ₹9.31 Cr (FY 2025) | •••• | •••• | 179.0% | •••• | Pune, Maharashtra, India |
| Magtech Mobile Spares Private Limited | ₹9.3 Cr (FY 2025) | •••• | •••• | 149.0% | •••• | Mumbai, Maharashtra, India |
| Harsha Engineers Advantek Limited | ₹9.3 Cr (FY 2025) | •••• | •••• | 329.0% | •••• | Sanand, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Rigi Cut Tools by revenue in the Machinery and Equipment industry (Tools and Components), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Rigi Cut Tools Private Limited
Rigi Cut Tools Private Limited is audited by Swapnil Bamb & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Swapnil Bamb & Associates | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Rigi Cut Tools Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Rigi Cut Tools Private Limited
Open charges
₹7.83 Cr
Satisfied charges
₹15.65 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Oct 2023 | Others | ₹7.77 Cr | Open |
| 03 Oct 1981 | The Maharashtra State Finance Corporation | ₹5.87 Lakh | Open |
| 31 Oct 2021 | Others | ₹4.45 Cr | Satisfied |
| 04 Feb 2014 | State Bank of India | ₹4.5 Cr | Satisfied |
| 30 Jul 2007 | State Bank of India | ₹7.11 Lakh | Satisfied |
Total charge records: 17 View all charges
MSME Payment Delays by Rigi Cut Tools Private Limited
Rigi Cut Tools Private Limited has 2 MSME Form 1 returns on record between 2019 and 2021, listing 165 overdue payments to 18 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 18)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Rigi Cut Tools Private Limited
Rigi Cut Tools Private Limited has a workforce of 13 employees as of Mar 28, 2024.
Employee count
13
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Rigi Cut Tools Private Limited
Rigi Cut Tools Private Limited has 6 board changes on record since 1980: 4 appointments and 2 cessations. The latest: Shanta Romeshchand Singal ceased to be Director on 01 Jul 2019.
Charges
A charge with Others of Rs. 777.00 Lakh registered on 03 Oct 2023 with Charge ID 100791754 was modified on 26 Dec 2024.
AGM
Rigi Cut Tools Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Rigi Cut Tools Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Charges
A charge registered on 04 Feb 2014 via Charge ID 10479655 with State Bank Of India was fully satisfied on 04 Oct 2023.
Charges
A charge with Others amounted to Rs. 777.00 Lakh with Charge ID 100791754 was registered on 03 Oct 2023.
Charges
A charge registered on 31 Oct 2021 via Charge ID 100528743 with Others was fully satisfied on 06 Sep 2023.
Charges
A charge with Others amounted to Rs. 445.00 Lakh with Charge ID 100528743 was registered on 31 Oct 2021.
Ceased
Shanta Romeshchand Singal ceased to be Director.
Ceased
Romeshchand Singal ceased to be Managing Director.
Appointed
Shanta Romeshchand Singal was appointed as Director.
Charges
A charge registered on 30 Jul 2007 via Charge ID 10061414 with State Bank Of India was fully satisfied on 15 Sep 2014.
Charges
A charge registered on 31 Jan 2004 via Charge ID 90092466 with State Bank Of India was fully satisfied on 15 Sep 2014.
38 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Rigi Cut Tools Private Limited
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Subsidiaries & Group Companies of Rigi Cut Tools Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Rigi Cut Tools Private Limited
Rigi Cut Tools has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACR8066L1ZW | Maharashtra | Active | 01 Jul 2017 |
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MCA Filings & Documents of Rigi Cut Tools Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Rigi Cut Tools Private Limited
Rigi Cut Tools is an active private limited company based in Pune, Maharashtra, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 05 November 1980 (46+ years old) and is registered under CIN U28939MH1980PTC023428.
Rigi Cut Tools reported revenue of ₹9.37 Cr for FY 2024 (up 22% YoY).
Rigi Cut Tools has 2 current directors:
- Jaideep Romeshchand Singal - Managing Director
- Deepa Jaideep Singal - Director
Rigi Cut Tools reported a net profit of ₹1.22 Lakh (net margin 0.1%) and EBITDA of ₹2.13 Cr (EBITDA margin 22.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Rigi Cut Tools is 27% over three years and 9% over five years. In the latest year (FY 2024) revenue rose 22%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Rigi Cut Tools is 27AAACR8066L1ZW, registered in Maharashtra.
The CIN (Corporate Identification Number) of Rigi Cut Tools is U28939MH1980PTC023428. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rigi Cut Tools was incorporated on 05 November 1980, making it 46+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Rigi Cut Tools by revenue are Ganesh Fabrotech Private Limited, Aprar India Private Limited, Basic Engineering Private Limited, Patange Industries Private Limited, Aerostar Manufacturing Private Limited and 5 more, all in the Machinery and Equipment industry (Tools and Components).
Shanta Romeshchand Singal ceased to be Director on 01 Jul 2019. Romeshchand Singal ceased to be Managing Director on 28 Jul 2016. Shanta Romeshchand Singal was appointed as Director on 31 Mar 2015. Rigi Cut Tools has 6 board changes on record in total.
Yes, Rigi Cut Tools is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0088674).
Rigi Cut Tools has 2 MSME Form 1 returns on record between 2019 and 2021, listing 165 overdue payments to 18 micro and small suppliers. The latest return was filed on 06 May 2021.