About Ring Plus Aqua Limited
Data last updated:
Ring Plus Aqua Limited was a public limited company based in Nashik, Maharashtra, India, operated as a subsidiary of Jk Files & Engineering Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 11 September 1986.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1986PLC040885. Its GSTIN is 27AABCR3220M1ZF (Maharashtra).
The company had an authorised share capital of ₹30 Cr and a paid-up capital of ₹7.76 Cr. It was formerly known as Aqua Bearings Limited. It was led by directors including Balasubramanian Vishwanathan and Parthiv Tanil Kilachand.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at D – 3 4 Sinnar Taluka Audyogik Vasahat Maryadit Village Musalgoan Taluka Sinnar, Nashik, Maharashtra, India – 422112.
As per the financials filed for FY 2024, the company reported a revenue of ₹441.5 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹51.48 Cr (net margin 11.7%) and EBITDA of ₹81.27 Cr (EBITDA margin 18.4%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 11% over five years.
The company had about 435 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Ring Plus Aqua. As per MCA filings, the company had open charges of ₹574 Cr and satisfied charges of ₹472.56 Cr on record. Court records list 29 cases involving the company, including 14 filed by the company and 15 filed against it; 6 cases are pending. The company has 2 deals on record (2 acquisitions); the latest was in November 2015. Its 4 peer companies in the Automobiles industry (Auto Ancillary, Tools and Components), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 2 smaller; the largest is Yong San Automotive India Private Limited with revenue of ₹449.61 Cr.
The last known website on record is ringplusaqua.com.
Company details
CIN history
Ring Plus Aqua has one previous CIN (Corporate Identification Number): U99999MH1986PTC040885. The current CIN is U99999MH1986PLC040885, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U99999MH1986PLC040885 | Current |
| U99999MH1986PTC040885 | Previous |
Contact details
Ring Plus Aqua Limited's registered office is in Nashik, Maharashtra. Its website is ringplusaqua.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressD – 3 4 Sinnar Taluka Audyogik Vasahat Maryadit Village Musalgoan Taluka Sinnar, Nashik, Maharashtra, India – 422112
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Ring Plus Aqua 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
Brands
Ring Plus Aqua operates one associated brand: Ring Plus Aqua. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Gears and automotive components are manufactured and supplied. | ringplusaqua.com |
Business activity
The main business activity of Ring Plus Aqua 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 Ring Plus Aqua Limited, buy the company report.
Financials of Ring Plus Aqua Limited
FY 2024 filings availableRing Plus Aqua Limited reported revenue of ₹441.5 Cr (up 17% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 17% growth in the latest year. EBITDA rose 32% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹81.27 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹51.48 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.4% | ||||
| Net Profit Margin | 11.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Ring Plus Aqua Limited, buy the company report.
Board of directors of Ring Plus Aqua Limited
Ring Plus Aqua has 7 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balasubramanian Vishwanathan | Director | 16 Nov 2021 | 4 Years 11 Months | As last reported |
| Parthiv Tanil Kilachand Also directs: Gujarat Poly Electronics Limited, Polychem Limited, Tulsi Global Logistics Private Limited and 5 more | Director | 20 Mar 2020 | 6 Years 7 Months | As last reported |
| Bhuwan Kumar Chaturvedi Also directs: M&N Business Intelligence India LLP | Director | 03 May 2021 | 5 Years 6 Months | As last reported |
| Shiv Surinder Kumar | Director | 19 Jun 2021 | 5 Years 4 Months | As last reported |
| Satish Chand Mathur Also directs: Tilaknagar Industries Limited, Kesar Petroproducts Limited, Green Planet Logistics Private Limited and 4 more | Director | 15 Sep 2021 | 5 Years 1 Months | As last reported |
| Ravikant Uppal Also directs: Anthem Biosciences Limited, Transport Corporation of India Limited, JK Files & Engineering Limited and 3 more | Director | 08 Apr 2019 | 7 Years 7 Months | As last reported |
Peer comparison
Ring Plus Aqua Limited is compared with the 4 companies closest to it by revenue in the Automobiles industry (Auto Ancillary, Tools and Components), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Yong San Automotive India Private Limited | ₹449.61 Cr (FY 2025) | 1.0% | Thiruvallur, Tamil Nadu, India | |||
| Magnum Mi Steel Private Limited | ₹442.79 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Ring Plus Aqua Limitedthis company | ₹441.5 Cr (FY 2024) | ₹51.48 Cr | 11.7% | 17.0% | 435 | Nashik, Maharashtra, India |
| Tembo Global Industries Limited | ₹439.5 Cr (FY 2024) | 76.0% | Navi Mumbai, Maharashtra, India | |||
| Auto Profiles Limited | ₹438.8 Cr (FY 2025) | -11.0% | Jamshedpur, Jharkhand, India |
To see the full peer comparison of Ring Plus Aqua Limited, buy the company report.
Auditor
Ring Plus Aqua Limited is audited by PRICE WATERHOUSE CHARTERED ACCOUN for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRICE WATERHOUSE CHARTERED ACCOUN | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Ring Plus Aqua Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ring Plus Aqua Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Mar 2024 | 100940807 | Others | ₹200 Cr | Satisfied | |
| 22 Mar 2016 | 100017967 | Others | ₹7.5 Cr | Satisfied | |
| 31 Oct 2013 | 10467476 | Indusind Bank Ltd. | ₹23 Cr | Satisfied | |
| 26 Mar 2013 | 10420384 | Indusind Bank Ltd. | ₹23 Cr | Satisfied | |
| 09 May 2012 | 10358380 | Axis Bank Limited | ₹20 Cr | Satisfied |
To see the full charge records of Ring Plus Aqua Limited, buy the company report.
Total charge records: 72 View all charges
Deals & funding
Ring Plus Aqua Limited has 2 deals on record (2 acquisitions); the latest was in November 2015.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2015 | Acquisition | ₹25.89 Cr | Buyer: Smita Steels Rolling Mills Private Limited Seller: Ring Plus Aqua Limited |
| Jul 2005 | Acquisition | ₹21.05 Cr | Buyer: Scissors Engineering Products Limited Seller: Icici Venture, an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ring Plus Aqua Limited has 29 court cases on record: 14 filed by Ring Plus Aqua, 15 filed against it. 6 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 11 | 6 |
| High courts | 7 | 4 | 0 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Siddheshwar Industries Pvt.Ltd., Etc.4 and 3 others | Pending |
| District court, Pune, Maharashtra | Court case (Cri.Rev.App.) | Filed by the company against Siddheshwar Industries Private Limited Etc and 5 others | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Enviiro Bulkk Handling Systems Pvt.Ltd. and 2 others | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln IDA) | Filed against the company by an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Comp. ULP) | Filed against the company by an individual | Pending |
To see the full case history of Ring Plus Aqua 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
Ring Plus Aqua Limited was last rated by Care on 17 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 17 Mar 2022 |
To see the full credit ratings and regulatory alerts of Ring Plus Aqua Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ring Plus Aqua Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ring Plus Aqua Limited has a workforce of 435 employees on its EPFO records as of Mar 31, 2024, across 4 active EPFO establishments.
GST
Ring Plus Aqua has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCR3220M1ZF | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ring Plus Aqua Limited, buy the company report.
Recent activity
Ring Plus Aqua Limited has 47 board changes on record since 1992: 27 appointments and 20 cessations. The latest: Rashmi Brijgopal Mundada was appointed as Director on 10 Mar 2023.
203 earlier events are in the company report.
News
Frequently asked questions
Ring Plus Aqua has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Ring Plus Aqua was a public limited company based in Nashik, Maharashtra, India. The company worked in industrial tools and components, within the machinery and equipment industry. It was incorporated on 11 September 1986 and is registered under CIN U99999MH1986PLC040885. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ring Plus Aqua was incorporated on 11 September 1986. It is registered with the Registrar of Companies, Mumbai.
Ring Plus Aqua had 7 directors:
- Balasubramanian Vishwanathan - Director
- Parthiv Tanil Kilachand - Director
- Bhuwan Kumar Chaturvedi - Director
- Shiv Surinder Kumar - Director
- Satish Chand Mathur - Director
- Ravikant Uppal - Director
- Rashmi Brijgopal Mundada - Director
The CIN (Corporate Identification Number) of Ring Plus Aqua is U99999MH1986PLC040885. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Ring Plus Aqua is at D – 3 4 Sinnar Taluka Audyogik Vasahat Maryadit Village Musalgoan Taluka Sinnar, Nashik, Maharashtra, India – 422112.
Ring Plus Aqua can be reached through the website ringplusaqua.com. Its registered office is in Nashik, Maharashtra, India.
The latest financial statements of Ring Plus Aqua on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ring Plus Aqua is 27AABCR3220M1ZF, registered in Maharashtra.
Ring Plus Aqua operated in the machinery and equipment industry, in the industrial tools and components segment.
Ring Plus Aqua has 2 deals on record (2 acquisitions); the latest was in November 2015.
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