India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #25 Ravi Jaipuria & family ₹97,300 Cr
- #941 Devyani Jaipuria & Family ₹3,100 Cr
Revenue · FY 2025
₹28,841 Cr
▲ 28% YoY
Net profit · FY 2025
₹2,929.77 Cr
Net margin 10.2%
EBITDA · FY 2025
₹6,500.67 Cr
EBITDA margin 22.5%
Authorised capital
₹1,467.8 Cr
Registered with MCA
Paid-up capital
₹217.2 Cr
Issued & subscribed
Open charges
₹322.02 Cr
Satisfied ₹4,064.5 Cr
Company age
46 yrs
Est. 1980
Employees · EPFO
1
Provident fund records
About RJ Corp Limited
Data last updated:
RJ Corp Limited is a public limited company based in New Delhi, Delhi, India. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 01 March 1980 and has been in existence for over 46 years.
Its director Ravi Jaipuria and family are #25 among India's richest people (2026). Its director Devyani Jaipuria and Family is #941 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U35106DL1980PLC010262. Its GSTIN is 07AAACA2573R2ZA (Delhi). The company holds 46 GST registrations, of which 25 are active.
The company has an authorised share capital of ₹1,467.8 Cr and a paid-up capital of ₹217.2 Cr. It was formerly known as Cheers Beverages Private Limited and Arctic Drinks Limited. It is led by directors including Himanshu Bhardwaj (Whole-Time Director) and Kimaya Madhav Mariwala.
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 F – 2/7 Okhla Industrial Areaphase – I, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2025, the company reported a revenue of ₹28,841 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹2,929.77 Cr (net margin 10.2%) and EBITDA of ₹6,500.67 Cr (EBITDA margin 22.5%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 22% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: RJ Corp. As per MCA filings, the company has open charges of ₹322.02 Cr and satisfied charges of ₹4,064.5 Cr on record. Court records list 31 cases involving the company, including 22 filed by the company and 9 filed against it; 11 cases are pending. The company has 17 deals on record (7 secondary share transfers, 5 convertible or debt financings, 4 funding rounds), with disclosed funding of ₹796.65 Cr; the latest was in May 2021. The company has 10 MSME Form 1 returns on record between 2019 and 2024, listing 50 overdue payments to 21 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 rjcorp.in.
Company details
CIN U35106DL1980PLC010262
Registration Number 010262
Incorporation Date 01 March 1980
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Name history
RJ Corp has undergone 3 name changes throughout its history. The company was previously known as Cheers Beverages Private Limited, Arctic Drinks Limited, and Cheers Beverages Limited. The current legal name is Rj Corp Limited.
| Company Name | Status |
|---|---|
| RJ Corp Limited | Current |
| Cheers Beverages Private Limited | Previous |
| Arctic Drinks Limited | Previous |
| Cheers Beverages Limited | Previous |
CIN history
RJ Corp has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U35106DL1980PLC010262, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35106DL1980PLC010262 | Current |
| U55101DL1980PLC010262 | Previous |
| U15549DL1980PLC010262 | Previous |
| U62200DL1980PLC010262 | Previous |
Key People
Himanshu Bhardwaj Whole-Time Director Lalit Kumar Singh Cfo Kimaya Madhav Mariwala Director Recognitions & Rankings of RJ Corp
Contact details
RJ Corp Limited's registered office is in New Delhi, Delhi.
- Registered AddressF – 2/7 Okhla Industrial Areaphase – I, New Delhi, Delhi, India – 110020
- IndustryFashion and Textile, Fashion Retail
Comprehensive company report
RJ Corp 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
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Business activity
The main business activity of RJ Corp is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of RJ Corp Limited, buy the company report.
Financials of RJ Corp Limited
FY 2025 filings availableRJ Corp Limited reported revenue of ₹28,841 Cr (up 28% YoY) for FY 2025.
Revenue · FY 2025
₹28,841 Cr ▲ 28%
Net profit · FY 2025
₹2,929.77 Cr margin 10.2%
EBITDA · FY 2025
₹6,500.67 Cr margin 22.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 28%
3 years · compounded
▲ 28%
5 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▲ 27%
3 years · compounded
▲ 25%
5 years · compounded
▲ 25%
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 28% growth in the latest year. EBITDA rose 27% 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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| Revenue from Operations | |||||
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| Total Expenses | |||||
| EBITDA | ₹6,500.67 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2,929.77 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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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 | 22.5% | ||||
| Net Profit Margin | 10.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Current Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of RJ Corp Limited, buy the company report.
Board of directors and KMP of RJ Corp Limited
RJ Corp Limited currently reports 8 directors and 2 key managerial personnel. 22 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kimaya Madhav Mariwala Also directs: Kiva Spirits and Company Limited | Director | 25 Jun 2022 | 4 Years 4 Months | Current |
| Devyani Jaipuria | Director | 03 Mar 2023 | 3 Years 7 Months | Current |
| Rashmi Dhariwal Also directs: Devyani International Limited, Varun Beverages Limited, Sky Gate Hospitality Private Limited and 5 more | Director | 01 Apr 2018 | 8 Years 7 Months | Current |
| Lalit Kumar Singh | Cfo | 23 Dec 2014 | 11 Years 10 Months | Current |
| Ravi Kant Jaipuria Also directs: Devyani International Limited, Varun Beverages Limited, Kiva Spirits and Company Limited and 3 more | Director | 15 Sep 2014 | 12 Years 1 Months | Current |
| Himanshu Bhardwaj | Whole-Time Director | 29 Sep 2021 | 5 Years 1 Months | Current |
Showing 6 of 10 current directors and KMP. View all directors and KMP
Charges & borrowings
Open charges
₹322.02 Cr
Satisfied charges
₹4,064.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Sep 2025 | 101160539 | Others | ₹50 Cr | Open | |
| 08 Jan 2024 | 100841184 | Others | ₹270 Cr | Open | |
| 16 Jun 1993 | 90045995 | Bank of Baroda | ₹4 Lakh | Open | |
| 31 May 1993 | 90052541 | Bank of Baroda | ₹25 Lakh | Open | |
| 30 Mar 1992 | 90052451 | Bank of Baroda | ₹98 Lakh | Open |
To see the full charge records of RJ Corp Limited, buy the company report.
Total charge records: 72 View all charges
Deals & funding
RJ Corp Limited has 17 deals on record (7 secondary share transfers, 5 convertible or debt financings, 4 funding rounds), with disclosed funding of ₹796.65 Cr; the latest was in May 2021.
Total deals
17
Secondary share transfers
7
Convertible or debt financings
5
Funding rounds
4
Rights issue
1
Disclosed funding
₹796.65 Cr
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Ravi Kant Jaipuria & Sons HUF |
| Feb 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Ravi Kant Jaipuria & Sons HUF |
| Oct 2019 | Rights issue | ₹100.01 Cr | Investors: Ravi Kant Jaipuria & Sons HUF |
| Mar 2012 | Funding round | ₹10.4 Cr | Investors: Devyani Overseas Private Limited |
| Feb 2008 | Funding round | ₹93.6 Lakh | Investors: Devyani Overseas Private Limited , Devyani Enterprises Private Limited, Ravi Kant Jaipuria & Sons HUF |
To see the full deal history of RJ Corp 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
RJ Corp Limited has 31 court cases on record: 22 filed by RJ Corp, 9 filed against it. 11 cases are pending and 20 are disposed.
Total cases
31
Filed by the company
22
Filed against the company
9
Pending
11
Disposed
20
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 1 | 8 |
| High courts | 12 | 7 | 3 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (COMIP) | Filed against the company by Finesse Fashions Private Limited and 1 other | Pending |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against Eastern Power Distribution Company of Andhra Pradesh Limited and 6 others | Disposed |
| High Court | Interim or miscellaneous application | Filed against the company by Finesse Fashions Private Limited and 1 other | Disposed |
| High Court of Delhi | Tax appeal | Filed against the company by The PR. Commissioner of Income Tax -Central -1 | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against an individual | Pending |
To see the full case history of RJ Corp 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
RJ Corp Limited has 10 MSME Form 1 returns on record between 2019 and 2024, listing 50 overdue payments to 21 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 21)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Legistify Services Private Limited | |||
| an individual supplier | |||
| Royalux Lighting Pvt Ltd | |||
| Frogsplash Technology LLP | |||
| Expansion Masters LLP |
To see the full MSME payment records of RJ Corp Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
RJ Corp has 46 GST registrations: 25 active and 21 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
46
Active
25
Cancelled / inactive
21
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACA2573R2ZA | Delhi | Active | 01 Jul 2017 |
| 07AAACA2573R3Z9 | Delhi | Active | 16 Apr 2021 |
| 06AAACA2573R1ZD | Haryana | Active | 01 Jul 2017 |
| 09AAACA2573R1Z7 | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of RJ Corp Limited, buy the company report.
Recent activity
RJ Corp Limited has 32 board changes on record since 2008: 10 appointments and 22 cessations. The latest: Devyani Jaipuria ceased to be Director on 07 Sep 2023.
AGM
Rj Corp Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 28 Mar 2025 via Charge ID 101079845 with Others was fully satisfied on 15 Sep 2025.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 101160539 was registered on 08 Sep 2025.
Charges
A charge registered on 05 May 2025 via Charge ID 101094632 with Others was fully satisfied on 08 Sep 2025.
Charges
A charge with Others of Rs. 270.00 Cr registered on 08 Jan 2024 with Charge ID 100841184 was modified on 02 Jun 2025.
Charges
A charge with Others amounted to Rs. 45.00 Cr with Charge ID 101094632 was registered on 05 May 2025.
Filing
Rj Corp Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101079845 was registered on 28 Mar 2025.
Charges
A charge registered on 18 Jun 2024 via Charge ID 100942585 with Others was fully satisfied on 11 Feb 2025.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 100942585 was registered on 18 Jun 2024.
Charges
A charge registered on 27 Jul 2020 via Charge ID 100354985 with Others was fully satisfied on 10 Jun 2024.
Charges
A charge registered on 21 Sep 2021 via Charge ID 100489228 with Hdfc Bank Limited was fully satisfied on 06 May 2024.
189 earlier events are in the company report.
News
From our blog
Frequently asked questions
RJ Corp is an active public limited company based in New Delhi, Delhi, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 01 March 1980 (46+ years old) and is registered under CIN U35106DL1980PLC010262.
RJ Corp has 10 current directors and KMP:
- Himanshu Bhardwaj - Whole-Time Director
- Kimaya Madhav Mariwala - Director
- Devyani Jaipuria - Director
- Rashmi Dhariwal - Director
- Ravi Kant Jaipuria - Director
- Raj Pal Gandhi - Director
- Varun Jaipuria - Director
- Girish Kumar Ahuja - Director
- Lalit Kumar Singh - Cfo
- Mahavir Prasad Garg - Company Secretary
The latest financial statements of RJ Corp 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 RJ Corp is 07AAACA2573R2ZA, registered in Delhi. The company has 46 GST registrations in all, of which 25 are active and 21 are cancelled or inactive. Other active GSTINs include 07AAACA2573R3Z9 (Delhi), 06AAACA2573R1ZD (Haryana), 09AAACA2573R1Z7 (Uttar Pradesh).
The CIN (Corporate Identification Number) of RJ Corp is U35106DL1980PLC010262. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
RJ Corp has 31 court cases on record: 22 filed by the company and 9 filed against it. 11 are pending. Most are in the district courts.
RJ Corp was incorporated on 01 March 1980, making it 46+ years old. It is registered with the Registrar of Companies, Delhi.
RJ Corp has 17 deals on record (7 secondary share transfers, 5 convertible or debt financings, 4 funding rounds), with disclosed funding of ₹796.65 Cr; the latest was in May 2021.
Devyani Jaipuria ceased to be Director on 07 Sep 2023. Kimaya Madhav Mariwala ceased to be Additional Director on 07 Sep 2023. Devyani Jaipuria was appointed as Director on 03 Mar 2023. RJ Corp has 32 board changes on record in total.
RJ Corp has 10 MSME Form 1 returns on record between 2019 and 2024, listing 50 overdue payments to 21 micro and small suppliers. The latest return was filed on 25 Apr 2024.
RJ Corp can be reached through the website rjcorp.in. Its registered office is in New Delhi, Delhi, India.
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