About Rajasthan State Industrial Development and Investment Corporation Ltd
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Rajasthan State Industrial Development and Investment Corporation Ltd is a public limited state government company based in Jaipur, Rajasthan, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 28 March 1969 and has been in existence for over 57 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U13100RJ1969SGC001263. Its GSTIN is 08AABCR4695J1ZW (Rajasthan). The company holds 10 GST registrations, all of them active.
The company has an authorised share capital of ₹235 Cr and a paid-up capital of ₹210.19 Cr. It was formerly known as Rajasthan State Mineral Development Corporation Ltd. It is led by directors including Shivangi Swarnkar (Managing Director) and Suresh Kumar Ola.
Its last annual general meeting (AGM) was held on 13 June 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Udyog Bhawan Tilak Marg, Jaipur, Rajasthan, India – 302005.
As per the financials filed for FY 2023, the company reported a revenue of ₹1,905.13 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹746.65 Cr (net margin 39.2%) and EBITDA of ₹873.52 Cr (EBITDA margin 45.9%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 21% over five years.
The company is associated with 1 brand: RIICO. As per MCA filings, the company has satisfied charges of ₹261.5 Cr on record. Court records list 3,196 cases involving the company, including 1,022 filed by the company and 2,180 filed against it; 1,441 cases are pending. The company has 3 deals on record (2 funding rounds, 1 acquisition), with disclosed funding of ₹11.07 Cr; the latest was in June 2008.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website riico.co.in.
Company details
CIN history
Rajasthan State Industrial Development and Investment Corporation has one previous CIN (Corporate Identification Number): U13100RJ1969PLC001263. The current CIN is U13100RJ1969SGC001263, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U13100RJ1969SGC001263 | Current |
| U13100RJ1969PLC001263 | Previous |
Contact details
Rajasthan State Industrial Development and Investment Corporation Ltd's registered office is in Jaipur, Rajasthan. Its website is riico.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUdyog Bhawan Tilak Marg, Jaipur, Rajasthan, India – 302005
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Rajasthan State Industrial Development and Investment Corporation 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
Rajasthan State Industrial Development and Investment Corporation operates one associated brand: RIICO. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Industrial development and investment facilitation in Rajasthan. | riico.co.in |
Financials of Rajasthan State Industrial Development and Investment Corporation Ltd
FY 2024 filings availableRajasthan State Industrial Development and Investment Corporation Ltd reported revenue of ₹1,905.13 Cr (up 18% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 18% growth in the latest year. EBITDA rose 20% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,905.13 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹873.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹746.65 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 45.9% | ||||
| Net Profit Margin | 39.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Rajasthan State Industrial Development and Investment Corporation Ltd, buy the company report.
Board of directors and KMP of Rajasthan State Industrial Development and Investment Corporation Ltd
Rajasthan State Industrial Development and Investment Corporation Ltd currently reports 7 directors and 1 key managerial person. 96 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravikanth Tatipudi | Nominee Director | 25 Sep 2024 | 2 Years 0 Months | Current |
| Joga Ram | Nominee Director | 01 Dec 2025 | 0 Years 10 Months | Current |
| Suresh Kumar Ola | Director | 24 Jul 2025 | 1 Years 2 Months | Current |
| Shivangi Swarnkar | Managing Director | 01 Feb 2025 | 1 Years 8 Months | Current |
| Shikhar Agrawal | Nominee Director | 23 Jun 2025 | 1 Years 4 Months | Current |
| Subodh Agarwal | Nominee Director | 30 Jun 2025 | 1 Years 3 Months | Current |
Auditor
Rajasthan State Industrial Development and Investment Corporation Ltd is audited by BL Ajmera & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BL Ajmera & Co | FY 2023 | FRN:001100C |
Shareholding
The shareholding of Rajasthan State Industrial Development and Investment Corporation Ltd 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 Rajasthan State Industrial Development and Investment Corporation Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Sep 2016 | 100055939 | Hdfc Bank Limited | ₹250 Cr | Satisfied | |
| 07 Mar 1999 | 90070335 | The Bank of Rajasthan Ltd. | ₹5.75 Cr | Satisfied | |
| 07 Mar 1989 | 90069577 | The Bank of Rajasthan Ltd. | ₹5.75 Cr | Satisfied |
To see the full charge records of Rajasthan State Industrial Development and Investment Corporation Ltd, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Rajasthan State Industrial Development and Investment Corporation Ltd has 3 deals on record (2 funding rounds, 1 acquisition), with disclosed funding of ₹11.07 Cr; the latest was in June 2008.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2008 | Acquisition | Undisclosed | Buyer: Vikas WSP Limited Seller: Rajasthan State Industrial Development and Investment Corporation Ltd |
| Mar 2008 | Funding round | ₹4.48 Cr | Investors: an individual |
| May 2006 | Funding round | ₹6.58 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Rajasthan State Industrial Development and Investment Corporation Ltd has 3,196 court cases on record: 1,022 filed by Rajasthan State Industrial Development and Investment Corporation, 2,180 filed against it. 1,441 cases are pending and 1,755 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2,784 | 2,007 | 1,341 |
| District courts | 222 | 104 | 57 |
| Supreme Court | 137 | 44 | 21 |
| NCLAT | 51 | 23 | 21 |
| NCLT | 2 | 2 | 1 |
Cases on record (5 of 3,196)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jaipur Metro II, Rajasthan | Civil miscellaneous application | Filed against the company by Ms Alchemy Ventures Pvt Ltd | Pending |
| District court, Alwar, Rajasthan | Civil suit | Filed against the company by Agi Greenpac Limited | Pending |
| High Court of Rajasthan | Court case (CFA) | Filed by the company against M/S Divya Moti Hotels and Resorts Pvt. Ltd. and 1 other | Pending |
| High Court of Rajasthan | Court case (CSTAY) | Filed by the company against M/S Divya Moti Hotels and Resorts Pvt. Ltd. | Pending |
| District court, Bharatpur, Rajasthan | Civil miscellaneous application | Filed against the company | Pending |
To see the full case history of Rajasthan State Industrial Development and Investment Corporation 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Rajasthan State Industrial Development and Investment Corporation Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Rajasthan State Industrial Development and Investment Corporation has 1 joint venture and 5 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Rajasthan State Industrial Development and Investment Corporation has 10 GST registrations: 10 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AABCR4695J1ZW | Rajasthan | Active | 01 Jul 2017 |
| 08AABCR4695J2ZV | Rajasthan | Active | 21 Aug 2017 |
| 08AABCR4695J1D5 | Rajasthan | Active | 28 Sep 2018 |
| 08AABCR4695J2D4 | Rajasthan | Active | 01 Oct 2018 |
To see the full GST registrations and return filing status of Rajasthan State Industrial Development and Investment Corporation Ltd, buy the company report.
Recent activity
Rajasthan State Industrial Development and Investment Corporation Ltd has 104 board changes on record since 2007: 8 appointments and 96 cessations. The latest: Alok Gupta ceased to be Nominee Director on 01 Dec 2025.
103 earlier events are in the company report.
Frequently asked questions
Rajasthan State Industrial Development and Investment Corporation is an active public limited state government company based in Jaipur, Rajasthan, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 28 March 1969 (57+ years old) and is registered under CIN U13100RJ1969SGC001263.
Rajasthan State Industrial Development and Investment Corporation has 8 current directors and KMP:
- Shivangi Swarnkar - Managing Director
- Ravikanth Tatipudi - Nominee Director
- Joga Ram - Nominee Director
- Suresh Kumar Ola - Director
- Shikhar Agrawal - Nominee Director
- Subodh Agarwal - Nominee Director
- Vaibhav Galriya - Nominee Director
- Nidhi Mehta - Cfo
The latest financial statements of Rajasthan State Industrial Development and Investment Corporation on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 13 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Rajasthan State Industrial Development and Investment Corporation is 08AABCR4695J1ZW, registered in Rajasthan. The company has 10 GST registrations in all, of which 10 are active. Other active GSTINs include 08AABCR4695J2ZV (Rajasthan), 08AABCR4695J1D5 (Rajasthan), 08AABCR4695J2D4 (Rajasthan).
The CIN (Corporate Identification Number) of Rajasthan State Industrial Development and Investment Corporation is U13100RJ1969SGC001263. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rajasthan State Industrial Development and Investment Corporation has 3,196 court cases on record: 1,022 filed by the company and 2,180 filed against it. 1,441 are pending. Most are in the high courts.
Rajasthan State Industrial Development and Investment Corporation was incorporated on 28 March 1969, making it 57+ years old. It is registered with the Registrar of Companies, Jaipur.
Rajasthan State Industrial Development and Investment Corporation has 3 deals on record (2 funding rounds, 1 acquisition), with disclosed funding of ₹11.07 Cr; the latest was in June 2008.
Alok Gupta ceased to be Nominee Director on 01 Dec 2025. Joga Ram was appointed as Nominee Director on 01 Dec 2025. Rohit Gupta ceased to be Nominee Director on 01 Dec 2025. Rajasthan State Industrial Development and Investment Corporation has 104 board changes on record in total.
Rajasthan State Industrial Development and Investment Corporation can be reached through the website riico.co.in. Its registered office is in Jaipur, Rajasthan, India.