About River Side Utilities Private Limited
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River Side Utilities Private Limited is a private limited company based in Bhubaneswar, Odisha, India, a subsidiary of Sips Utilities Private Limited. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 09 November 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U40109OR2012PTC016209. Its GSTIN is 21AAGCR1696E1ZJ (Odisha).
The company has an authorised share capital of ₹106.2 Cr and a paid-up capital of ₹106.2 Cr. It is led by directors including Vivekananda Biswal and Ravinder Sindhu.
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 Plot No. 133 Dist. Center Chandrashekhar Pur, Bhubaneswar, Odisha, India – 751021.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.43 Lakh. For the same year it recorded a net loss of ₹3.4 Cr and EBITDA of -₹3.4 Cr. Revenue has declined at a compounded annual rate (CAGR) of 47% over three years and 85% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
Court records list 12 cases involving the company, including 6 filed by the company and 6 filed against it; 2 cases are pending. The company has 24 deals on record (18 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹94.38 Cr; the latest was in March 2024.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website riversideca.gov.
Company details
Contact details
River Side Utilities Private Limited's registered office is in Bhubaneswar, Odisha. Its website is riversideca.gov. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 133 Dist. Center Chandrashekhar Pur, Bhubaneswar, Odisha, India – 751021
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of River Side Utilities Private 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
Financials of River Side Utilities Private Limited
FY 2025 filings availableRiver Side Utilities Private Limited reported revenue of ₹1.43 Lakh for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 85% 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 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 | ₹1.43 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹3.4 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.4 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
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| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of River Side Utilities Private Limited, buy the company report.
Board of directors of River Side Utilities Private Limited
River Side Utilities has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivekananda Biswal Also directs: Seaside Utilities Private Limited, Hindustan Petroleum Corporation Limited, Angelique International Limited and 2 more | Director | 09 Nov 2012 | 14 Years 0 Months | Current |
| Ravinder Sindhu Also directs: Seaside Utilities Private Limited, Paramitra Smart Infra Private Limited, Paramitra Hotels N Resorts Private Limited and 4 more | Director | 10 Jan 2019 | 7 Years 10 Months | Current |
| Satya Pal Sindhu Also directs: Param Mitra Mining Services LLP, Sindhu Farms Pvt Ltd, Shyam Indus Solar Power Private Limited and 5 more | Director | 09 Nov 2012 | 14 Years 0 Months | Current |
Auditor
River Side Utilities Private Limited is audited by N G C & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N G C & Associates LLP | FY 2023 | 033401N/ N500351 |
Shareholding
The shareholding of River Side Utilities Private Limited 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 River Side Utilities Private Limited, buy the company report.
Deals & funding
River Side Utilities Private Limited has 24 deals on record (18 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹94.38 Cr; the latest was in March 2024.
Deals on record (5 of 24)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Absorbengie Power Limited Seller: Aryan Ispat and Power Private Limited |
| Dec 2023 | Secondary share transfer | Undisclosed | Buyer: Sindhu Trade Links Limited Seller: Arya Marketing Private Limited |
| Dec 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Aryan Ispat and Power Private Limited |
| Dec 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Aryan Ispat and Power Private Limited |
| Nov 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Aryan Ispat and Power Private Limited |
To see the full deal history of River Side Utilities Private 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
River Side Utilities Private Limited has 12 court cases on record: 6 filed by River Side Utilities, 6 filed against it. 2 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 5 | 1 |
| District courts | 3 | 1 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed against the company by TP Central Odisha Distribution Limited | Disposed |
| High Court, ORISSA | Writ petition | Filed against the company by M/S.N.R.International Ltd. | Disposed |
| High Court of Orissa | Writ petition | Filed by the company against Union of India | Pending |
| District court, Khurda, Orissa | Civil suit | Filed by the company against an individual | Pending |
| High Court, ORISSA | Arbitration matter | Filed by the company against individuals | Disposed |
To see the full case history of River Side Utilities Private 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 River Side Utilities Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
River Side Utilities has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAGCR1696E1ZJ | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of River Side Utilities Private Limited, buy the company report.
Recent activity
River Side Utilities Private Limited has 6 board changes on record since 2012: 4 appointments and 2 cessations. The latest: Anchal Rai was appointed as Company Secretary on 16 Aug 2025.
Frequently asked questions
River Side Utilities is an active private limited company based in Bhubaneswar, Odisha, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 09 November 2012 (14+ years old) and is registered under CIN U40109OR2012PTC016209.
River Side Utilities has 3 current directors:
- Vivekananda Biswal - Director
- Ravinder Sindhu - Director
- Satya Pal Sindhu - Director
The latest financial statements of River Side Utilities 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 River Side Utilities is 21AAGCR1696E1ZJ, registered in Odisha.
The CIN (Corporate Identification Number) of River Side Utilities is U40109OR2012PTC016209. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
River Side Utilities has 12 court cases on record: 6 filed by the company and 6 filed against it. 2 are pending. Most are in the high courts.
River Side Utilities was incorporated on 09 November 2012, making it 14+ years old. It is registered with the Registrar of Companies, Cuttack.
River Side Utilities has 24 deals on record (18 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹94.38 Cr; the latest was in March 2024.
Anchal Rai was appointed as Company Secretary on 16 Aug 2025. Roshan Jha ceased to be Company Secretary on 11 Mar 2020. Ravinder Sindhu ceased to be Additional Director on 26 Sep 2019. River Side Utilities has 6 board changes on record in total.
River Side Utilities can be reached through the website riversideca.gov. Its registered office is in Bhubaneswar, Odisha, India.
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