Rajasthan State Industrial Development And Investment Corporation Ltd - Company overview

Riico is an active state government company registered with ROC Jaipur on 28 March 1969, more than 57 years ago.

1969-03-28 Jaipur, Rajasthan Active Unlisted Active Compliant
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Key Metrics Public MCA facts are exact. Revenue, profit, assets, and employee figures may show as ranges until unlocked.

REVENUE
₹1000+ Cr
▲ 19.7%
FY 2023
PROFIT / LOSS
₹500–1000 Cr
▲ 24.9%
FY 2023
EBITDA
₹500–1000 Cr
▲ 19.9%
FY 2023
NET WORTH
₹1000+ Cr
▲ 21.3%
FY 2023
TOTAL ASSETS
₹1000+ Cr
▲ 18.4%
FY 2023
OPEN CHARGES
2
-
PAID-UP CAPITAL
210.19 cr
AUTHORISED CAPITAL
235.00 cr
COMPANY AGE
57 Years 6 Months
since 1969-03-28
LAST FILING WITH ROC
2024-03-31
Last AGM: 2025-06-13
ACTIVE GST
10
Updated: 2023-10-19 19:05:15
TOTAL MONEY RAISED
₹10–50 Lakh
SATISFIED CHARGES
3
261.50 cr

Company Health Scores Scores from 0–100 based on filings, compliance signals, financials, and board history on this profile.

Health scores for Riico covering vendor trust, statutory compliance, financial health and director risk - derived from MCA filings, GST and EPFO records, financial statements and the company's board history.

Vendor Trust Score Moderate
67/100
Overall counterparty comfort for vendors and customers.
  • Blend of compliance (55), financial health (95), director (30) and company-foundation signals.
  • Operating for 57+ years.
Compliance Score Moderate
55/100
Statutory filings, status and regulatory flags.
  • Company status is Active as per MCA.
  • Last balance sheet filed for Mar 2024 - filings look overdue.
Financial Health Score Low risk
95/100
Profitability, leverage and liquidity from filed statements.
  • Profitable in FY 2023.
  • Positive net worth.
Director Risk Score High risk
30/100
Board strength, DIN status and churn.
  • 9 directors on the board.
  • Director VAIBHAV GALRIYA has DIN status "Deactivated".
Scores are derived from MCA filings, financial statements and public records on this page. Higher is safer. They are indicative, not a credit rating.
360° Intelligence Report: trust score, financial health, credit risk, growth & distress signals - auto-generated from filings. View report →

About Riico Company identity, industry, contact, and registration details from MCA and company records.

Riico is an active state government company registered with ROC Jaipur on 28 March 1969, more than 57 years ago. Its registered office is at Udyog Bhawan Tilak Marg, Jaipur, Rajasthan. It was earlier known as Rajasthan State Mineral Development Corporation Ltd.

Its filings describe the main line of business as other financial activities, which made up 3.92% of turnover.

It has nine directors: Ravikanth Tatipudi, Joga Ram, Suresh Kumar Ola and 6 others. The longest-serving is Anju Goyal, on the board since 2024; the most recent to join is Joga Ram, appointed in December 2025. Shivangi Swarnkar is the managing director. 94 former directors are on record; the most recent to leave was Alok Gupta in December 2025.

Paid-up capital stands at ₹210 crore out of ₹235 crore authorised. The last AGM on record was on 13 June 2025, for accounts made up to 31 March 2024. Nothing newer than 2024 shows up here, so it is worth checking the MCA portal for later filings. All three charges registered against it have been satisfied, so no secured loan is open.

Financial Services •••••••• Real Estate and Construction ••••••••
  • Location Udyog Bhawan Tilak Marg,, Jaipur, Rajasthan - 302005
  • Website riico.co.in
Name History
Legal NameRajasthan State Industrial Development And Investment Corporation Ltd
CIN / LLPINU13100RJ1969SGC001263
Company No.001263
ClassificationPublic Limited State Government Company
Incorporation Date1969-03-28
Date of AGM2025-06-13
Date of Balance Sheet2024-03-31
Listing StatusUnlisted
ROC CodeRoc Jaipur
PAN
LEI Number
Active ComplianceActive Compliant

Current Directors of Riico (9) Current board members from MCA filings, including designation and appointment details.

R
Ravikanth Tatipudi
Nominee Director | Since 2024-09-25 | DIN: 05338003
J
Joga Ram
Nominee Director | Since 2025-12-01 | DIN: 07120359
S
Suresh Kumar Ola
Director | Since 2025-07-24 | DIN: 08180242
S
Shivangi Swarnkar
Managing Director | Since 2025-02-01 | DIN: 07242259
S
Shikhar Agrawal
Nominee Director | Since 2025-06-23 | DIN: 01093773
S
Subodh Agarwal
Nominee Director | Since 2025-06-30 | DIN: 06940604

Financial Performance of Riico Bands and Low / Medium / High trend shape. Exact figures unlock with your report.

Estimated bands · FY 2023
Revenue ₹1000+ Cr ▲ 19.7%
P&L ₹500–1000 Cr ▲ 24.9%
EBITDA ₹500–1000 Cr ▲ 19.9%
Net worth ₹1000+ Cr ▲ 21.3%

Exact figures and labelled charts require an active report plan.

Verified entity values are shown only after access is granted.

Charges of Riico Open and satisfied charges registered against the company with MCA.

Hdfc Bank Limited : 250.00 cr
The Bank Of Rajasthan Ltd. : 11.50 cr
Open Charges: 2 Satisfied Charges: 3
Open -
Satisfied 261.50 cr
LenderAmountStatus
Hdfc Bank Limited
Creation Date: 22 Sep 2016
 250.00 cr Closed
The Bank Of Rajasthan Ltd.
Creation Date: 07 Mar 1999
 5.75 cr Closed
The Bank Of Rajasthan Ltd.
Creation Date: 07 Mar 1989
 5.75 cr Closed

Business Activity Principal business activity and turnover mix from MCA filings.

Activity GroupDescriptionTurnover %
Financial and insurance ServiceOther financial activities3.92
Real EstateReal estate activities with own or leased property96.08

Financial Ratios of Riico Profitability, leverage, and liquidity ratios from filed statements. Exact values unlock with your report.

9 years of ratios on record

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Net profit margin Debt / Equity Current ratio ROE

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Shareholding Pattern of Riico Ownership and contribution detail from filings. Full breakdown unlocks with your report.

8 shareholder categories on record

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Ownership mix Category breakdown Year-wise pattern Promoter holding

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GST Compliance of Riico GST registrations and filing status by state. Full compliance detail unlocks with your report.

State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.

GSTIN registrations State-wise filing status HSN and SAC details Tax jurisdiction records

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Credit Ratings, Litigation & Regulatory Alerts for Riico Ratings, court records, and regulatory alerts. Full risk detail unlocks with your report.

Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.

Rating history Court and tribunal cases Regulatory alerts Director-linked violations

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MSME Payment Delays by Riico MSME supplier payment delays and filing history. Full amounts unlock with your report.

Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.

Outstanding amounts Delay periods and reasons MSME-1 filing history Vendor payment signals

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MCA Filings & Documents of Riico Official MCA forms, returns, and filing index. Document access unlocks with your report.

Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.

Incorporation documents Annual returns and statements Charge filings Complete filing index

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Frequently Asked Questions about Riico Common questions about this company from MCA and profile data. Some answers are limited until unlocked.
Who is the owner of Riico?
MCA does not publish an "owner" field. Riico is run by its directors, Ravikanth Tatipudi, Joga Ram, Suresh Kumar Ola and six others, with Shivangi Swarnkar as managing director. The people who own the shares are listed in its annual return (form MGT-7), which can differ from the directors.
Who are the current board members and directors of Riico?
Riico has nine current directors: Ravikanth Tatipudi (since September 2024), Joga Ram (since December 2025), Suresh Kumar Ola (since July 2025), Shivangi Swarnkar (since February 2025), Shikhar Agrawal (since June 2025) and Subodh Agarwal (since June 2025), plus 3 more. Shivangi Swarnkar is the managing director.
What is CIN of Riico?
The CIN of Riico is U13100RJ1969SGC001263. Reading it left to right: U means it is not listed, 13100 is the industry code it registered under, RJ is Rajasthan, 1969 is the year it was registered, SGC is the company type and 001263 is its registration number.
When was Riico incorporated?
Riico was incorporated on 28 March 1969 with ROC Jaipur. That makes it more than 57 years old.
What is the registered address of Riico?
The registered office on MCA records is Udyog Bhawan Tilak Marg, Jaipur, Rajasthan - 302005.
What is the current status of Riico?
MCA shows Riico as Active, and its last AGM on record was in June 2025.
What is the contact number or email for Riico?
You can post to its registered office at Udyog Bhawan Tilak Marg, Jaipur, Rajasthan - 302005 and use its website, https://riico.co.in.
What industry or business activity is Riico associated with?
Its MCA filings list the main business as other financial activities (3.92% of turnover).
What is paid-up capital and authorised share capital of Riico?
Paid-up capital is ₹210 crore and authorised capital is ₹235 crore, so about 89% of the authorised amount has been issued.
When did Riico last file accounts and hold an AGM?
The last AGM on record was on 13 June 2025, and the latest balance sheet is for the year ending 31 March 2024. Nothing newer than 2024 shows up, so check the MCA portal for later filings.
Where can I see charges and lenders for Riico?
No charge is open. All three charges registered against Riico have been satisfied. Lenders named in the filings include Hdfc Bank Limited and The Bank Of Rajasthan Ltd..
Have any directors left Riico?
Yes, 94 former directors are on record. The most recent to leave were Alok Gupta (December 2025), Rohit Gupta (December 2025) and Akhil Arora (June 2025).
What is the turnover or revenue of Riico?
Based on filed financial statements, the revenue of Riico for FY 2023 was in the ₹1000+ Cr range. That is up 19.7% on the previous year. Exact year-wise revenue, profit and balance sheet figures are on the Financial tab.
What is the net worth of Riico?
For FY 2023, the net worth of Riico was in the ₹1000+ Cr range.
How can I get the financial details of Riico?
The latest accounts on record are for FY 2023. The Financial tab has year-wise profit and loss, balance sheet and ratios, with exact figures after you sign in.
What is the official website of Riico?
The website on record for Riico is https://riico.co.in.
Which company owns riico.co.in?
riico.co.in is the website listed for Rajasthan State Industrial Development And Investment Corporation Ltd in its company records.
Riico - is it listed or unlisted?
Riico is unlisted, so its shares are not traded on a stock exchange. Its CIN starts with U for the same reason.
What is the ROC code of Riico?
Riico is registered with ROC Jaipur.
What is the company classification of Riico?
MCA classifies Riico as: Public Limited State Government Company.
Does Riico have GST registrations on file?
Yes, 10 active GST registrations are linked to Riico, usually one per state it operates in.

Disclaimer: Data on this page is compiled from public sources as available in our system at the time of the last update and is for general information only. Scores are derived indicators, not credit ratings or advice - please verify from official sources and consult a professional before making any business or financial decision.