Riwasa Tiles Limited
About Riwasa Tiles Limited
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Riwasa Tiles Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the ceramics segment of the manufacturing sector. It was incorporated on 04 May 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26933GJ2010PLC060545. Its GSTIN is 24AABCO2818A1Z3 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹7.19 Cr. It was formerly known as Riwasa Tiles Private Limited and Oracle Tiles Private Limited. It is led by directors including Dineshkumar Vitthalbhai Patel and Manilal Punjabhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹11,000, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹39.63 Lakh and EBITDA of -₹6.22 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 93% over three years and 88% over five years.
The company has about 29 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹63.86 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Riwasa Tiles has undergone 2 name changes throughout its history. The company was previously known as Riwasa Tiles Private Limited, and Oracle Tiles Private Limited. The current legal name is Riwasa Tiles Limited.
| Company Name | Status |
|---|---|
| Riwasa Tiles Limited | Current |
| Riwasa Tiles Private Limited | Previous |
| Oracle Tiles Private Limited | Previous |
CIN history
Riwasa Tiles has one previous CIN (Corporate Identification Number): U26933GJ2010PTC060545. The current CIN is U26933GJ2010PLC060545, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U26933GJ2010PLC060545 | Current |
| U26933GJ2010PTC060545 | Previous |
Contact details
Riwasa Tiles Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address206 Devarcsecondfloornr.Funrepublic Opp – Bigbazar S.G.R, Oad, Ahmedabad, Gujarat, India – 380015
- IndustryManufacturing, Ceramics, Sanitaryware & Tile
To see the full contact details of Riwasa Tiles 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 Riwasa Tiles Limited
FY 2024 filings availableRiwasa Tiles Limited reported revenue of ₹11,000 (down 100% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 88% over five years. EBITDA rose 98% 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 | -₹6.22 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹39.63 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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To see the full financial statements and ratios of Riwasa Tiles Limited, buy the company report.
Board of directors of Riwasa Tiles Limited
Riwasa Tiles has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dineshkumar Vitthalbhai Patel | Director | 04 May 2010 | 16 Years 5 Months | Current |
| Manilal Punjabhai Patel Also directs: Briskon Multimetals LLP | Director | 01 Apr 2013 | 13 Years 6 Months | Current |
| Harshadkumar Dhirubhai Patel Also directs: Briskon Multimetals LLP, Shawn Reality LLP | Director | 01 Apr 2013 | 13 Years 6 Months | Current |
| Devchand Bhai Mulajibhai Patel Also directs: Skyfield Minerals (India) LLP, Labron Healthcare Private Limited | Director | 01 Apr 2013 | 13 Years 6 Months | Current |
Peer comparison
Riwasa Tiles Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (other manufacturing including jewelry, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Stream Ceramic Private Limited | ₹13,000 (FY 2025) | -32.0% | Shapar, Gujarat, India | |||
| Riwasa Tiles Limitedthis company | ₹11,000 (FY 2024) | -₹39.63 Lakh | -100.0% | 29 | Ahmedabad, Gujarat, India | |
| Foremost Marbles Private Limited | ₹10,674 (FY 2025) | 7.0% | Chittorgarh, Rajasthan, India | |||
| Internaational Stones India Private Limited | ₹9,639 (FY 2025) | -7.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Riwasa Tiles Limited, buy the company report.
Auditor
Riwasa Tiles Limited is audited by SUNIL PODDAR & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUNIL PODDAR & CO | FY 2021 | 110603W |
Shareholding
The shareholding of Riwasa Tiles Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Riwasa Tiles Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Nov 2013 | 10463059 | Bank of Baroda | ₹31.93 Cr | Satisfied | |
| 15 Jul 2013 | 10438350 | Bank of Baroda | ₹31.93 Cr | Satisfied |
To see the full charge records of Riwasa Tiles Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Riwasa Tiles Limited has 6 court cases on record: 4 filed by Riwasa Tiles, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 0 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, West, Delhi | Civil suit | Filed against the company by Gaba Sanitary Pvt Ltd | Disposed |
| District court, Faridabad, Haryana | Court case (C S) | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, Sabarkantha at Himmatnagar, Gujarat | Criminal complaint | Filed by the company against Mr.Museer Gor-Isha Treding Company Prop. | Disposed |
| High Court, GUJARAT | Commercial suit | Filed by the company | Disposed |
To see the full case history of Riwasa Tiles 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 Riwasa Tiles Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Riwasa Tiles Limited has a workforce of 29 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Riwasa Tiles has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCO2818A1Z3 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Riwasa Tiles Limited, buy the company report.
Recent activity
Riwasa Tiles Limited has 8 board changes on record since 2010: 4 appointments and 4 cessations. The latest: Manilal Punjabhai Patel ceased to be Whole-Time Director on 01 Nov 2020.
5 earlier events are in the company report.
Frequently asked questions
Riwasa Tiles is an active public limited company based in Ahmedabad, Gujarat, India. The company works in ceramics, within the manufacturing industry. It was incorporated on 04 May 2010 (16+ years old) and is registered under CIN U26933GJ2010PLC060545.
Riwasa Tiles has 4 current directors:
- Dineshkumar Vitthalbhai Patel - Director
- Manilal Punjabhai Patel - Director
- Harshadkumar Dhirubhai Patel - Director
- Devchand Bhai Mulajibhai Patel - Director
The latest financial statements of Riwasa Tiles on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Riwasa Tiles is 24AABCO2818A1Z3, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Riwasa Tiles is U26933GJ2010PLC060545. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Riwasa Tiles has 6 court cases on record: 4 filed by the company and 2 filed against it. Most are in the district courts.
Riwasa Tiles was incorporated on 04 May 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Riwasa Tiles by revenue are Stream Ceramic Private Limited, Foremost Marbles Private Limited, Internaational Stones India Private Limited, all in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (other manufacturing including jewelry, musical instruments, medical instruments, sports goods, etc. activities).
Manilal Punjabhai Patel ceased to be Whole-Time Director on 01 Nov 2020. Harshadkumar Dhirubhai Patel ceased to be Director on 01 Nov 2015. Maheshkumar Dahyabhai Patel ceased to be Director on 30 Jan 2014. Riwasa Tiles has 8 board changes on record in total.
The registered office of Riwasa Tiles is at 206 Devarcsecondfloornr.Funrepublic Opp – Bigbazar S.G.R, Oad, Ahmedabad, Gujarat, India – 380015.
Riwasa Tiles operates in the manufacturing industry, in the ceramics segment.