Rtil Limited
About Rtil Limited
Data last updated:
Rtil Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 19 April 2000.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17114MH2000PLC126018. Its GSTIN is 27AACCR2067H1ZE (Maharashtra). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹160 Cr and a paid-up capital of ₹134.6 Cr. It is led by directors including Vanraj Vinod Shah and Rajendra Kumar Tiwari.
Its last annual general meeting (AGM) was held on 30 December 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Marathon Innova IT Park, Mumbai, Maharashtra.
As per the financials filed for FY 2016, the company reported a revenue of ₹355.74 Cr. For the same year it recorded a net loss of ₹1,661.13 Cr (net margin -466.9%) and EBITDA of -₹1,606.48 Cr (EBITDA margin -451.6%).
As per MCA filings, the company has open charges of ₹2,941.81 Cr and satisfied charges of ₹570.3 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending. The company has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 acquisition), with disclosed funding of ₹900.01 Cr; the latest was in March 2016. Its 6 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 2 larger and 4 smaller; the largest is Benktesh Synth Processors Pvt Ltd with revenue of ₹356.57 Cr.
Company details
CIN history
Rtil has one previous CIN (Corporate Identification Number): U17114MH2000PTC126018. The current CIN is U17114MH2000PLC126018, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17114MH2000PLC126018 | Current |
| U17114MH2000PTC126018 | Previous |
Contact details
Rtil Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressMarathon Innova IT Park B2/ 501 & C – 501 5th Floor Off. G. K. Marg Lower Parel, (West), Mumbai, Maharashtra, India – 400013
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Rtil 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
Business activity
The main business activity of Rtil is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Rtil Limited, buy the company report.
Financials of Rtil Limited
FY 2016 filings availableRtil Limited reported revenue of ₹355.74 Cr for FY 2016.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹355.74 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹1,606.48 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹1,661.13 Cr | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -451.6% | |
| Net Profit Margin | -466.9% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Rtil Limited, buy the company report.
Board of directors and KMP of Rtil Limited
Rtil Limited currently reports 3 directors and 1 key managerial person. 28 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Kumar Tiwari | Additional Director | 30 Dec 2016 | 9 Years 10 Months | As last reported |
| Nitin Shambhukumarji Kasliwal Also directs: Anjaneya Holdings Private Limited, Anjaneya Foundation | Ceo | 28 Jul 2016 | 10 Years 3 Months | As last reported |
| Vanraj Vinod Shah | Director | 28 Jul 2016 | 10 Years 3 Months | As last reported |
| Shanker Tuljaram Kirpalan | Additional Director | 30 Dec 2016 | 9 Years 10 Months | As last reported |
Peer comparison
Rtil Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Benktesh Synth Processors Pvt Ltd | ₹356.57 Cr (FY 2025) | 34.0% | Mumbai, Maharashtra, India | |||
| Rtil Limitedthis company | ₹355.74 Cr (FY 2016) | -₹1,661.13 Cr | -466.9% | Mumbai, Maharashtra, India | ||
| Kandoi Techfab Private Limited | ₹353.07 Cr (FY 2025) | 58.0% | Mumbai, Maharashtra, India | |||
| Vasantha Industries Private Limited | ₹349.35 Cr (FY 2025) | 3.0% | Guntur, Andhra Pradesh, India | |||
| VTM Limited | ₹349.35 Cr (FY 2025) | 62.0% | Ramnad, Tamil Nadu, India | |||
| Annapoorani Textiles Private Limited | ₹347.59 Cr (FY 2025) | 11.0% | Erode, Tamil Nadu, India | |||
| Reliance Jute Mills (International) Limited | ₹346.99 Cr (FY 2025) | 3.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Rtil Limited, buy the company report.
Auditor
Rtil Limited is audited by RAY AND RAY for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAY AND RAY | FY 2016 | 301072E |
Shareholding
The shareholding of Rtil Limited is on record for FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Rtil Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Dec 2012 | 10399847 | Idbi Bank Limited | ₹43 Cr | Open | |
| 16 Jun 2012 | 10362117 | Idbi Trusteeship Services Limited | ₹100 Cr | Open | |
| 02 May 2012 | 10358902 | Edelweiss Asset Reconstruction Company Limited | ₹10 Cr | Open | |
| 28 Mar 2012 | 10344330 | Edelweiss Asset Reconstruction Company Limited | ₹20 Cr | Open | |
| 24 Dec 2011 | 10324245 | Jm Financial Asset Reconstruction Company Private Limited | ₹100 Cr | Open |
To see the full charge records of Rtil Limited, buy the company report.
Total charge records: 30 View all charges
Deals & funding
Rtil Limited has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 acquisition), with disclosed funding of ₹900.01 Cr; the latest was in March 2016.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Icici Bank Limited Seller: S Kumars Nationwide Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Il&Fs Financial Services Limited , Icici Bank Limited Seller: S Kumars Nationwide Limited |
| Jan 2010 | Funding round | ₹110 Cr | Investors: GIC Singapore |
| Dec 2007 | Acquisition | ₹3.3 Cr | Buyer: S Kumars Nationwide Limited Seller: Ingenious Finance and Investment Private Limited , Verve Properties and Investment Private Limited , Verve Properties & Investment Pvt Ltd & Jyoti N. Kasliwal |
| Feb 2007 | Secondary share transfer | Undisclosed | Buyer: Ingenious Finance and Investment Private Limited , Verve Properties and Investment Private Limited , Ingenious Investment Pvt Ltd & Nitin S. Kasliwal Seller: Moolsha Investment Private Limited , Kartikeya Finvest Private Limited , Ani-Abhi Investment Private Limited |
To see the full deal history of Rtil 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
Rtil Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed against the company | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company | Disposed |
To see the full case history of Rtil 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 Rtil Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rtil has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCR2067H1ZE | Maharashtra | Active | 01 Jul 2017 |
| 29AACCR2067H1ZA | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rtil Limited, buy the company report.
Recent activity
Rtil Limited has 31 board changes on record since 2007: 4 appointments and 27 cessations. The latest: Uday Jayavanth Kamath ceased to be Director on 26 Mar 2018.
79 earlier events are in the company report.
Frequently asked questions
Rtil is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Rtil is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 19 April 2000 and is registered under CIN U17114MH2000PLC126018. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Rtil has 4 current directors and KMP:
- Rajendra Kumar Tiwari - Additional Director
- Vanraj Vinod Shah - Director
- Shanker Tuljaram Kirpalan - Additional Director
- Nitin Shambhukumarji Kasliwal - Ceo
The latest financial statements of Rtil on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 December 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Rtil is U17114MH2000PLC126018. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rtil has open charges of ₹2,941.81 Cr and satisfied charges of ₹570.3 Cr as per latest MCA filings.
Rtil has 2 court cases on record: 2 filed against it. 1 is pending.
Rtil was incorporated on 19 April 2000. It is registered with the Registrar of Companies, Mumbai.
Rtil has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 acquisition), with disclosed funding of ₹900.01 Cr; the latest was in March 2016.
The peers of Rtil by revenue are Benktesh Synth Processors Pvt Ltd, Kandoi Techfab Private Limited, Vasantha Industries Private Limited, VTM Limited, Annapoorani Textiles Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Uday Jayavanth Kamath ceased to be Director on 26 Mar 2018. Haresh Milyomal Israni ceased to be Director on 30 Dec 2016. Rajendra Kumar Tiwari was appointed as Additional Director on 30 Dec 2016. Rtil has 31 board changes on record in total.
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