About Rinac India Limited
Data last updated:
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 142 cases involving the company, including 98 filed by the company and 36 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. Its 10 peer companies in the Transport and Logistics industry (Cold Storage and Warehousing, Maintenance Services) are compared by revenue, 5 larger and 5 smaller; the largest is Thejo Engineering Limited with revenue of ₹562.63 Cr. 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.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo 5 Saraswathi Nivas Main Channel Road Saraswathipuram Ulsoor, Bangalore, Karnataka, India – 560008
- IndustryEngineering, Industrial Maintenance & Repair Services
- 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
- One PDF report, delivered after checkout
Business Activity of Rinac India Limited
The main business activity of Rinac India 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 |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Rinac India Limited FY 2025 filings available
Rinac India Limited reported revenue of ₹508.78 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR) of Rinac India Limited
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 of Rinac India Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹25.31 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹16.23 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 of Rinac India Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.2% | •••• | •••• | •••• | •••• |
| 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 Rinac India are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
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 |
Peer Comparison of Rinac India Limited
Rinac India Limited is compared with the companies closest to it by revenue in the Transport and Logistics industry (Cold Storage and Warehousing, Maintenance Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Thejo Engineering Limited Listed | ₹562.63 Cr (FY 2024) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Cr3 (India) Private Limited | ₹551.56 Cr (FY 2024) | •••• | •••• | 52.0% | •••• | Thane, Maharashtra, India |
| Adani Forwarding Agent Limited | ₹534.24 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Ahmedabad, Gujarat, India |
| Kisanmitra Agro Industries Private Limited | ₹533 Cr (FY 2025) | •••• | •••• | 72.0% | •••• | Latur, Maharashtra, India |
| Sael Limited | ₹518.15 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Guruharsahai, Punjab, India |
| Rinac India Limited this company | ₹508.78 Cr (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Shinryo Suvidha Engineers India Private Limited | ₹500.55 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | New Delhi, Delhi, India |
| Phoenix Overseas Limited | ₹490.26 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Kolkata, West Bengal, India |
| Seabird Marine Services Private Limited | ₹482.06 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Kalavad, Gujarat, India |
| GLS Logistics Private Limited | ₹481.84 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Delhi, India |
| Ametek Instruments India Private Limited | ₹477 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Bengaluru, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Rinac India by revenue in the Transport and Logistics industry (Cold Storage and Warehousing, Maintenance Services), 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 Rinac India Limited
Rinac India Limited is audited by VARMA & VARMA for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VARMA & VARMA | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Rinac India Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Rinac India Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Jun 2025 | Others | ₹20 Cr | Open |
| 02 Jul 2024 | Others | ₹50 Cr | Open |
| 08 Dec 2005 | Others | ₹70 Cr | Open |
| 12 Feb 2008 | The Hongkong and Shanghai Banking Corporation Ltd | ₹7 Cr | Satisfied |
| 10 Jan 2007 | The Hongkong and Shanghai Banking Corporation Limited | ₹5 Cr | Satisfied |
Total charge records: 9 View all charges
Deals & Funding of Rinac India Limited
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 |
Full deal history
All 14 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Rinac India Limited
Rinac India Limited has 142 court cases on record: 98 filed by Rinac India, 36 filed against it, 8 where it is another party. 21 cases are pending and 121 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 112 | 29 | 17 |
| High courts | 24 | 3 | 3 |
| Supreme Court | 5 | 3 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 142)
| 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 Meramex Private Limited | Pending |
| District court, Nagpur, Maharashtra | Arbitration matter | Filed by the company against Samay Agro Products Private Limited | Pending |
| District court, RAMANAGARA, Karnataka | Criminal complaint | Filed by the company against Rinac India Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against The Curry House Foods Private Limited | Pending |
Full case history
All 142 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Rinac India Limited
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 | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 12 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
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 Rinac India Limited
Rinac India Limited has a workforce of 353 employees as of Oct 09, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Rinac India Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Rinac India Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Rinac India Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Rinac India Limited
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 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Rinac India Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Rinac India Limited
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 reported revenue of ₹508.78 Cr for FY 2025.
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
Rinac India reported a net profit of ₹16.23 Cr (net margin 3.2%) and EBITDA of ₹25.31 Cr (EBITDA margin 5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Rinac India is 18% over three years and 18% over five years. CAGR is the steady yearly rate that links the first and the last year.
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 142 court cases on record: 98 filed by the company and 36 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.
The peers of Rinac India by revenue are Thejo Engineering Limited, Cr3 (India) Private Limited, Adani Forwarding Agent Limited, Kisanmitra Agro Industries Private Limited, Sael Limited and 5 more, all in the Transport and Logistics industry (Cold Storage and Warehousing, Maintenance Services).
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.