About Rinac India Limited
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Rinac India Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the industrial maintenance and repair services segment of the engineering sector. It was incorporated on 31 January 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U52334KA1994PLC015169. Its GSTIN is 29AAACR7111E1ZN (Karnataka). The company holds 16 GST registrations, of which 14 are active.
The company has an authorised share capital of ₹14 Cr and a paid-up capital of ₹10.46 Cr. It is led by directors including Balasubramanian Vaidyanathan Puthucode (Managing Director) and Sukumaran Parakkel (Whole-Time Director).
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 No 5 Saraswathi Nivas Main Channel Road Saraswathipuram Ulsoor, Bangalore, Karnataka, India – 560008.
As per the financials filed for FY 2025, the company reported a revenue of ₹508.78 Cr. For the same year it recorded a net profit of ₹16.23 Cr (net margin 3.2%) and EBITDA of ₹25.31 Cr (EBITDA margin 5%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 18% over five years.
The company has about 353 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Rinac. As per MCA filings, the company has open charges of ₹140 Cr and satisfied charges of ₹32.09 Cr on record. Court records list 146 cases involving the company, including 103 filed by the company and 45 filed against it; 21 cases are pending. The company has 14 deals on record (10 secondary share transfers, 4 funding rounds), with disclosed funding of ₹47.42 Cr; the latest was in September 2019. The company has 12 MSME Form 1 returns on record between 2019 and 2023, listing 452 overdue payments to 119 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rinac.com.
Company details
Contact details
Rinac India Limited's registered office is in Bangalore, Karnataka. Its website is rinac.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo 5 Saraswathi Nivas Main Channel Road Saraswathipuram Ulsoor, Bangalore, Karnataka, India – 560008
- IndustryEngineering, Industrial Maintenance & Repair Services
To see the full contact details of Rinac India 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 Rinac India is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Rinac India Limited, buy the company report.
Financials of Rinac India Limited
FY 2025 filings availableRinac India Limited reported revenue of ₹508.78 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years. 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹25.31 Cr | ||||
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| Net Profit (PAT) | ₹16.23 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 5% | ||||
| Net Profit Margin | 3.2% | ||||
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To see the full financial statements and ratios of Rinac India Limited, buy the company report.
Board of directors of Rinac India Limited
Rinac India has 7 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nagarajan Sivaramakrishnan | Additional Director | 01 Apr 2025 | 1 Years 6 Months | Current |
| Ambujam Nair Kapoor Also directs: Trois Infotech Private Limited | Director | 17 Dec 2022 | 3 Years 10 Months | Current |
| Krishnan Parasuraman | Nominee Director | 05 Sep 2017 | 9 Years 1 Months | Current |
| Sukumaran Parakkel | Whole-Time Director | 13 Jun 2007 | 19 Years 4 Months | Current |
| Narasinganallore Venkatesh Srinivasan Also directs: Au Small Finance Bank Limited, One 97 Communications Limited, Indel Money Limited and 5 more | Additional Director | 01 Apr 2025 | 1 Years 6 Months | Current |
| Puthucode Venkiteswaran Vadiyanathan | Nominee Director | 13 Jun 2007 | 19 Years 4 Months | Current |
Auditor
Rinac India Limited is audited by VARMA & VARMA for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VARMA & VARMA | FY 2025 | 004532S |
Shareholding
The shareholding of Rinac India Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rinac India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jun 2025 | 101111462 | Others | ₹20 Cr | Open | |
| 02 Jul 2024 | 100960546 | Others | ₹50 Cr | Open | |
| 08 Dec 2005 | 80013021 | Others | ₹70 Cr | Open | |
| 12 Feb 2008 | 10092985 | The Hongkong and Shanghai Banking Corporation Ltd | ₹7 Cr | Satisfied | |
| 10 Jan 2007 | 10032960 | The Hongkong and Shanghai Banking Corporation Limited | ₹5 Cr | Satisfied |
To see the full charge records of Rinac India Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Rinac India Limited has 14 deals on record (10 secondary share transfers, 4 funding rounds), with disclosed funding of ₹47.42 Cr; the latest was in September 2019.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: Others Rinac India Limited, 2 individuals Seller: 4 individuals |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Plexus Capital Ventures Private Limited , Resurgence PE Investments, Others Rinac India Limited, an individual |
| Sep 2008 | Secondary share transfer | Undisclosed | Buyer: Others Rinac India Limited, Plexus Capital Ventures Private Limited , an individual Seller: 4 individuals |
| Aug 2006 | Funding round · Pre-Series A | ₹38.3 Lakh | Investors: Others Rinac India Limited, 3 individuals |
| May 2006 | Funding round · Seed | ₹93.9 Lakh | Investors: Others Rinac India Limited, 3 individuals |
To see the full deal history of Rinac India Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Rinac India Limited has 146 court cases on record: 103 filed by Rinac India, 45 filed against it. 21 cases are pending and 125 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 113 | 35 | 17 |
| High courts | 24 | 5 | 3 |
| Supreme Court | 5 | 3 | 0 |
| NCLT | 3 | 1 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 146)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Powercon Industries Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by M/S.Meramex Private Limited, Mumbai. | Pending |
| District court, RAMANAGARA, Karnataka | Criminal complaint | Filed against the company by M/S. Rinac India Limited | Pending |
| District court, Nagpur, Maharashtra | Arbitration matter | Filed by the company against Samay Agro Products Pvt. Limited Through Its Director Shri Ravi Subhash Jain and 2 others | Pending |
| District court, RAMANAGARA, Karnataka | Criminal complaint | Filed by the company against M/S. Rinac India Limited Employee Union | Pending |
To see the full case history of Rinac India 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.
Credit ratings & regulatory alerts
Rinac India Limited was last rated by Icra on 04 Feb 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 04 Feb 2022 |
To see the full credit ratings and regulatory alerts of Rinac India Limited, buy the company report.
MSME payment delays
Rinac India Limited has 12 MSME Form 1 returns on record between 2019 and 2023, listing 452 overdue payments to 119 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 119)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Flexo Tech Products | |||
| Jayshree Industries | |||
| Metaflex Doors India Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Rinac India Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Rinac India Limited has a workforce of 353 employees on its EPFO records as of Oct 09, 2025, across 1 active EPFO establishment.
GST
Rinac India has 16 GST registrations: 14 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACR7111E1ZN | Karnataka | Active | 01 Jul 2017 |
| 29AAACR7111E2ZM | Karnataka | Active | 28 Oct 2017 |
| 04AAACR7111E1ZZ | Chandigarh | Active | 01 Jul 2017 |
| 07AAACR7111E1ZT | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rinac India Limited, buy the company report.
Recent activity
Rinac India Limited has 31 board changes on record since 2007: 9 appointments and 22 cessations. The latest: Nagarajan Sivaramakrishnan was appointed as Additional Director on 01 Apr 2025.
42 earlier events are in the company report.
Frequently asked questions
Rinac India is an active public limited company based in Bangalore, Karnataka, India. The company works in industrial maintenance and repair services, within the engineering industry. It was incorporated on 31 January 1994 (32+ years old) and is registered under CIN U52334KA1994PLC015169.
Rinac India has 7 current directors:
- Balasubramanian Vaidyanathan Puthucode - Managing Director
- Sukumaran Parakkel - Whole-Time Director
- Nagarajan Sivaramakrishnan - Additional Director
- Ambujam Nair Kapoor - Director
- Krishnan Parasuraman - Nominee Director
- Narasinganallore Venkatesh Srinivasan - Additional Director
- Puthucode Venkiteswaran Vadiyanathan - Nominee Director
The latest financial statements of Rinac India 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 Rinac India is 29AAACR7111E1ZN, registered in Karnataka. The company has 16 GST registrations in all, of which 14 are active and 2 are cancelled or inactive. Other active GSTINs include 29AAACR7111E2ZM (Karnataka), 04AAACR7111E1ZZ (Chandigarh), 07AAACR7111E1ZT (Delhi).
The CIN (Corporate Identification Number) of Rinac India is U52334KA1994PLC015169. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rinac India has 146 court cases on record: 103 filed by the company and 45 filed against it. 21 are pending. Most are in the district courts.
Rinac India was incorporated on 31 January 1994, making it 32+ years old. It is registered with the Registrar of Companies, Bangalore.
Rinac India has 14 deals on record (10 secondary share transfers, 4 funding rounds), with disclosed funding of ₹47.42 Cr; the latest was in September 2019.
Nagarajan Sivaramakrishnan was appointed as Additional Director on 01 Apr 2025. Narasinganallore Venkatesh Srinivasan was appointed as Additional Director on 01 Apr 2025. Nedungat Sivasankaran ceased to be Director on 31 Mar 2025. Rinac India has 31 board changes on record in total.
Rinac India has 12 MSME Form 1 returns on record between 2019 and 2023, listing 452 overdue payments to 119 micro and small suppliers. The latest return was filed on 15 Nov 2023.
Rinac India can be reached through the website rinac.com. Its registered office is in Bangalore, Karnataka, India.