India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,277 Chetan M Tamboli & family ₹1,800 Cr
Revenue · FY 2025
₹23.33 Lakh
▼ 32% YoY
Net profit · FY 2025
₹13.58 Lakh
Net margin 58.2%
EBITDA · FY 2025
₹22.5 Lakh
EBITDA margin 96.4%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹54.82 Lakh
Issued & subscribed
Open charges
₹1.24 Cr
Satisfied ₹126 Cr
Company age
27 yrs
Est. 1999
Directors on board
3
As per MCA filings
About Rushil Recycling Private Limited
Data last updated:
Rushil Recycling Private Limited is a private limited company based in Bhavnagar, Gujarat, India. It operates in the industrial and specialty gases segment of the chemicals and materials sector. It was incorporated on 20 December 1999 and has been in existence for over 27 years.
Its director Chetan M Tamboli and family are #1,277 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U37100GJ1999PTC037041. Its GSTIN is 24AADCA1952B1ZC (Gujarat).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹54.82 Lakh. It was formerly known as Ankur Air-Products Private Limited. It is led by directors including Mukesh Champaklal Babu and Chetankumar Manmohanbhai Tamboli.
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 Bhavnagar, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹23.33 Lakh, a decline of 32% compared to the previous year. For the same year it recorded a net profit of ₹13.58 Lakh (net margin 58.2%) and EBITDA of ₹22.5 Lakh (EBITDA margin 96.4%). Revenue has declined at a compounded annual rate (CAGR) of 57% over three years and 51% over five years.
As per MCA filings, the company has open charges of ₹1.24 Cr and satisfied charges of ₹126 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website recycleindia.com.
Company details
CIN U37100GJ1999PTC037041
Registration Number 037041
Incorporation Date 20 December 1999
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
CIN history
Rushil Recycling has one previous CIN (Corporate Identification Number): U23209GJ1999PTC037041. The current CIN is U37100GJ1999PTC037041, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U37100GJ1999PTC037041 | Current |
| U23209GJ1999PTC037041 | Previous |
Key People
Mukesh Champaklal Babu Director Chetankumar Manmohanbhai Tamboli Director Manishkumar Nagindas Shah Director Recognitions & Rankings of Rushil Recycling
Contact details
Rushil Recycling Private Limited's registered office is in Bhavnagar, Gujarat. Its website is recycleindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice No.203 2nd Floor Sarthik, Plot No.1874 C Atabhai Chowk, Bhavnagar, Gujarat, India – 364002
- IndustryChemicals and Materials, Industrial & Specialty Gases
To see the full contact details of Rushil Recycling Private Limited, buy the company report.
Comprehensive company report
Rushil Recycling Private 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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Financials of Rushil Recycling Private Limited
FY 2025 filings availableRushil Recycling Private Limited reported revenue of ₹23.33 Lakh (down 32% YoY) for FY 2025.
Revenue · FY 2025
₹23.33 Lakh ▼ 32%
Net profit · FY 2025
₹13.58 Lakh margin 58.2%
EBITDA · FY 2025
₹22.5 Lakh margin 96.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 32%
3 years · compounded
▼ 57%
5 years · compounded
▼ 51%
EBITDA CAGR growth
1 year
▼ 34%
3 years · compounded
▼ 20%
5 years · compounded
▼ 47%
Revenue has declined at a compounded annual rate (CAGR) of 51% over five years, including a 32% fall in the latest year. EBITDA fell 34% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹22.5 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.58 Lakh | ||||
| 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 | |||||
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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 | 96.4% | ||||
| Net Profit Margin | 58.2% | ||||
| 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 Rushil Recycling Private Limited, buy the company report.
Board of directors of Rushil Recycling Private Limited
Rushil Recycling has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukesh Champaklal Babu Also directs: Venus Green Recycling LLP, Mukesh Babu Financial Services Limited, Rushil Industries Limited and 5 more | Director | 10 Oct 2019 | 7 Years 0 Months | Current |
| Chetankumar Manmohanbhai Tamboli Also directs: Tamboli Trading LLP, Venus Green Recycling LLP, Bhavnagar Industrial Parts LLP and 5 more | Director | 10 Oct 2019 | 7 Years 0 Months | Current |
| Manishkumar Nagindas Shah | Director | 23 Sep 2008 | 18 Years 1 Months | Current |
Auditor
Rushil Recycling Private Limited is audited by V. M. SHAH & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. M. SHAH & CO. | FY 2023 | 109826W |
Shareholding
The shareholding of Rushil Recycling 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 Rushil Recycling Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.24 Cr
Satisfied charges
₹126 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jul 2000 | 90102029 | Oriental Bank of Commerce | ₹1.24 Cr | Open | |
| 28 Feb 2014 | 10484739 | Others | ₹126 Cr | Satisfied |
To see the full charge records of Rushil Recycling Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Rushil Recycling Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Rushil Recycling Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rushil Recycling has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCA1952B1ZC | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rushil Recycling Private Limited, buy the company report.
Recent activity
Rushil Recycling Private Limited has 23 board changes on record since 1999: 13 appointments and 10 cessations. The latest: Jitesh Jayantilal Sanghrajka ceased to be Director on 01 Jan 2020.
AGM
Rushil Recycling Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Rushil Recycling Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 28 Feb 2014 via Charge ID 10484739 with Others was fully satisfied on 27 Sep 2023.
Charges
A charge with Others of Rs. 126.00 Cr registered on 28 Feb 2014 with Charge ID 10484739 was modified on 20 Jan 2022.
Ceased
Jitesh Jayantilal Sanghrajka ceased to be Director.
Ceased
Hemant Champaklal Babu ceased to be Director.
Ceased
Kushal Manishbhai Shah ceased to be Director.
Appointed
Chetankumar Manmohanbhai Tamboli was appointed as Director.
Appointed
Jitesh Jayantilal Sanghrajka was appointed as Director.
Appointed
Mukesh Champaklal Babu was appointed as Director.
Appointed
Kushal Manishbhai Shah was appointed as Director.
Ceased
Rajen Nagindas Shah ceased to be Director.
18 earlier events are in the company report.
Frequently asked questions
Rushil Recycling is an active private limited company based in Bhavnagar, Gujarat, India. The company works in industrial and specialty gases, within the chemicals and materials industry. It was incorporated on 20 December 1999 (27+ years old) and is registered under CIN U37100GJ1999PTC037041.
Rushil Recycling has 3 current directors:
- Mukesh Champaklal Babu - Director
- Chetankumar Manmohanbhai Tamboli - Director
- Manishkumar Nagindas Shah - Director
The latest financial statements of Rushil Recycling 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 Rushil Recycling is 24AADCA1952B1ZC, registered in Gujarat.
The CIN (Corporate Identification Number) of Rushil Recycling is U37100GJ1999PTC037041. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rushil Recycling was incorporated on 20 December 1999, making it 27+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Jitesh Jayantilal Sanghrajka ceased to be Director on 01 Jan 2020. Hemant Champaklal Babu ceased to be Director on 30 Oct 2019. Kushal Manishbhai Shah ceased to be Director on 30 Oct 2019. Rushil Recycling has 23 board changes on record in total.
Rushil Recycling can be reached through the website recycleindia.com. Its registered office is in Bhavnagar, Gujarat, India.
The registered office of Rushil Recycling is at Office No.203 2nd Floor Sarthik, Plot No.1874 C Atabhai Chowk, Bhavnagar, Gujarat, India – 364002.
Rushil Recycling operates in the chemicals and materials industry, in the industrial and specialty gases segment.
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