MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-25-0001413
Rishika Industries Limited - consumer electronics & durables in Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹111.04 Cr
▲ 70% YoY
Net profit · FY 2025
₹6.46 Cr
Net margin 5.8%
EBITDA · FY 2025
₹11.3 Cr
EBITDA margin 10.2%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.4 Cr
Issued & subscribed
Open charges
₹10.81 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
29
Provident fund records
About Rishika Industries Limited
Data last updated:
Rishika Industries Limited is a public limited company based in Gujarat, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 04 September 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31909GJ2020PLC116174. Its GSTIN is 24AAKCR4097F1Z6 (Gujarat). The company holds 7 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.4 Cr. It is led by directors including Rahul Baid and Arun Jagannath Mahajan.
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 Survey No.1816 (Old Survey No. 26/3/P3) Village Manda Taluka Umbergaon., Gujarat, India – 396155.
As per the financials filed for FY 2025, the company reported a revenue of ₹111.04 Cr, a growth of 70% compared to the previous year. For the same year it recorded a net profit of ₹6.46 Cr (net margin 5.8%) and EBITDA of ₹11.3 Cr (EBITDA margin 10.2%). Revenue has grown at a compounded annual rate (CAGR) of 55% over three years.
The company has about 29 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10.81 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 3 cases are pending.
Rishika Industries Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-25-0001413). For more details, the company can be reached via its website mangoappliances.com.
Company details
CIN U31909GJ2020PLC116174
Registration Number 116174
Incorporation Date 04 September 2020
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Medium
Udyam Registration UDYAM-GJ-25-0001413
Recognitions & Rankings of Rishika Industries
Contact details
Rishika Industries Limited's registered office is in Gujarat. Its website is mangoappliances.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurvey No.1816 (Old Survey No. 26/3/P3) Village Manda Taluka Umbergaon., Gujarat, India – 396155
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Rishika Industries Limited, buy the company report.
Comprehensive company report
Rishika Industries Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Rishika Industries is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Rishika Industries Limited, buy the company report.
Financials of Rishika Industries Limited
FY 2025 filings availableRishika Industries Limited reported revenue of ₹111.04 Cr (up 70% YoY) for FY 2025.
Revenue · FY 2025
₹111.04 Cr ▲ 70%
Net profit · FY 2025
₹6.46 Cr margin 5.8%
EBITDA · FY 2025
₹11.3 Cr margin 10.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 70%
3 years · compounded
▲ 55%
EBITDA CAGR growth
1 year
▲ 123%
3 years · compounded
▲ 75%
Revenue has grown at a compounded annual rate (CAGR) of 55% over three years, including 70% growth in the latest year. EBITDA rose 123% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹11.3 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.46 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.2% | ||||
| Net Profit Margin | 5.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Rishika Industries Limited, buy the company report.
Board of directors of Rishika Industries Limited
Rishika Industries has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Baid Also directs: Mango Appliances LLP | Director | 06 Sep 2021 | 5 Years 1 Months | Current |
| Arun Jagannath Mahajan | Director | 15 Nov 2021 | 4 Years 11 Months | Current |
| Rakesh Ratanchand Bothra Also directs: Stream Line Motors LLP | Director | 04 Sep 2020 | 6 Years 1 Months | Current |
| Pawan Kumar Baid | Director | 04 Sep 2020 | 6 Years 1 Months | Current |
Peer comparison
Rishika Industries Limited is compared with the 5 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| M K M Technologies Private Limited | ₹114.4 Cr (FY 2025) | 47.0% | New Delhi, Delhi, India | |||
| Mizuki Power Products Private Limited | ₹114.15 Cr (FY 2025) | 93.0% | Pune, Maharashtra, India | |||
| Hykon India Limited | ₹111.16 Cr (FY 2025) | 7.0% | Ernakulam, Kerala, India | |||
| Ned Energy Limited | ₹111.08 Cr (FY 2024) | 7.0% | Nani Daman Ut, Daman and Diu, India | |||
| Rishika Industries Limitedthis company | ₹111.04 Cr (FY 2025) | ₹6.46 Cr | 5.8% | 70.0% | 29 | Gujarat, India |
| Rexnord Electronics and Controls Limited | ₹110.01 Cr (FY 2025) | 13.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Rishika Industries Limited, buy the company report.
Auditor
Rishika Industries Limited is audited by K.D Sanghvi & Company for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K.D Sanghvi & Company | FY 2022 | 141339 |
Shareholding
The shareholding of Rishika Industries Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Rishika Industries Limited, buy the company report.
Charges & borrowings
Open charges
₹10.81 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Nov 2020 | 100385447 | Hdfc Bank Limited | ₹10.81 Cr | Open |
To see the full charge records of Rishika Industries Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Rishika Industries Limited has 3 court cases on record: 3 filed against it. All cases are pending.
Total cases
3
Filed against the company
3
Pending
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 3 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Civil suit | Filed against the company by individuals | Pending |
| High Court, GUJARAT | Civil suit | Filed against the company by individuals | Pending |
To see the full case history of Rishika Industries 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Rishika Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Rishika Industries Limited has a workforce of 29 employees on its EPFO records as of Sep 20, 2024, across 1 active EPFO establishment.
Employee count
29
Active EPFO establishments
1
Employee growth
-3.33%
GST
Rishika Industries has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.
Total GSTINs
7
Active
7
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCR4097F1Z6 | Gujarat | Active | 17 Sep 2020 |
| 09AAKCR4097F1ZY | Uttar Pradesh | Active | 09 Dec 2020 |
| 08AAKCR4097F1Z0 | Rajasthan | Active | 16 Feb 2021 |
| 27AAKCR4097F1Z0 | Maharashtra | Active | 25 Dec 2022 |
To see the full GST registrations and return filing status of Rishika Industries Limited, buy the company report.
Recent activity
Rishika Industries Limited has 8 board changes on record since 2020: 4 appointments and 4 cessations. The latest: Ratanchand Chandmal Bothra ceased to be Director on 11 Feb 2025.
AGM
Rishika Industries Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 10.81 Cr registered on 07 Nov 2020 with Charge ID 100385447 was modified on 30 Aug 2025.
Filing
Rishika Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Ratanchand Chandmal Bothra ceased to be Director.
Ceased
Arun Jagannath Mahajan ceased to be Additional Director.
Ceased
Rahul Baid ceased to be Additional Director.
Appointed
Arun Jagannath Mahajan was appointed as Director.
Appointed
Rahul Baid was appointed as Director.
Ceased
Gulab Chand Baid ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 10.81 Cr with Charge ID 100385447 was registered on 07 Nov 2020.
Appointed
Pawan Kumar Baid was appointed as Director.
Appointed
Rakesh Ratanchand Bothra was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Rishika Industries is an active public limited company based in Gujarat, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 04 September 2020 (6+ years old) and is registered under CIN U31909GJ2020PLC116174.
Rishika Industries has 4 current directors:
- Rahul Baid - Director
- Arun Jagannath Mahajan - Director
- Rakesh Ratanchand Bothra - Director
- Pawan Kumar Baid - Director
The latest financial statements of Rishika Industries 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 FY 2021 are in the company report.
The GSTIN of Rishika Industries is 24AAKCR4097F1Z6, registered in Gujarat. The company has 7 GST registrations in all, of which 7 are active. Other active GSTINs include 09AAKCR4097F1ZY (Uttar Pradesh), 08AAKCR4097F1Z0 (Rajasthan), 27AAKCR4097F1Z0 (Maharashtra).
The CIN (Corporate Identification Number) of Rishika Industries is U31909GJ2020PLC116174. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rishika Industries has 3 court cases on record: 3 filed against it. 3 are pending.
Rishika Industries was incorporated on 04 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Rishika Industries by revenue are M K M Technologies Private Limited, Mizuki Power Products Private Limited, Hykon India Limited, Ned Energy Limited, Rexnord Electronics and Controls Limited, all in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Ratanchand Chandmal Bothra ceased to be Director on 11 Feb 2025. Arun Jagannath Mahajan ceased to be Additional Director on 07 Mar 2022. Rahul Baid ceased to be Additional Director on 30 Nov 2021. Rishika Industries has 8 board changes on record in total.
Yes, Rishika Industries is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-25-0001413).
Rishika Industries can be reached through the website mangoappliances.com. Its registered office is in Gujarat, India.