Reetech International Ltd Share Price

The Company was originally incorporated on December 18, 2008 as a Private Limited Company in the name of “M R Agriculture Private Limited” under the provisions of the Companies Act, 1956 with the Registrar of Companies, Madhya Pradesh and Chhattisgarh. Further, pursuant to a Special Resolution of our Shareholders passed in the Extra Ordinary General Meeting held on June 15, 2020, name of the Company was changed to “Reetech International Cargo and Courier Private Limited” and a Fresh Certificate of Incorporation was issued by Registrar of Companies, Chhattisgarh. Subsequently, pursuant to a Special Resolution of its Shareholders passed in the Extra Ordinary General Meeting held on February 15, 2022 the Company was converted from a Private Limited Company to Public Limited Company and the name of the Company was changed to “Reetech International Cargo and Courier Limited” and a Fresh Certificate of Incorporation consequent to Conversion was issued on April 12, 2022 by the Registrar of Companies, Chhattisgarh.

The company was incorporated in the year 2008, in the name and style of M R Agriculture by the joint efforts of Mahendra Ahuja and Roma Ahuja. The company started its operation in the year 2009-10. Initially the company was engaged in the business of agriculture goods such as Rice Milling, Rice Sorting, Dal Milling, Dal Processing and Agriculture Products. The business of trading of Agriculture goods had been operated by the Company successfully in the past. In the year 2020, the company’s promoters commenced business of trading of coal. In the year 2021, the company changed its name from M R Agriculture to Reetech International Cargo and Courier. Its Promoters has a vision to look beyond the ordinary; to foresee opportunities; to attain the unattainable; to create in-roads into newer vistas of change and above all, to bridge the demand-supply gap for coal, the world’s fossil fuel.

Mahendra Ahuja started as a small trader of coal in 2020, and within a short span of time, Reetech has emerged as one of the recognized suppliers of coal in the state of Chhattisgarh. It is based at Raipur, Chhattisgarh, and its operations are spread across India, with a vide network of Customers. Its diversified product portfolio comprises coal from Indonesia, South Africa, Australian and India, among other origins. It supply its products to the customers in various sectors i.e., Power, Steel, Rolling and other industries. An effective handling and transportation of the orders is facilitated through Road transportation and Railway. In a very short span of time, the company has been able to recognize itself as a trusted name in the coal industries due to its commitment to quality and reliability since its inception. The company is one of the recognized traders of Coal and perform its operations from Gangavaram and other ports.

Business area of the company

The company’s core business activity is trading in imported coal. However, the company also trades in the Indian coal which is sourced locally, in order to cater the opportunity of market demand for Indian coal. It procures Indian coal through e-auctions conducted by the various subsidiaries of Coal India (WCL, ECL, SECL, CCL, MCL, NCL, SCCL). The coal is procured keeping in mind the quality and quantity requirements of its customers. It prides itself on the ability to provide end-to-end logistics solutions to its clients together with flexibility in payment terms, which bring in a great value proposition.

Key events:

• 2008: Incorporation of the company in the name and style of “M R Agriculture Private Limited”.
  
• 2020: The company name was changed to “Reetech International Cargo and Courier Private Limited”.
  
• 2020: Started Coal Trading and supplying coal all over India.
  
• 2022: The company achieved a turnover of Rs 100+ crore.
  
• 2022: Conversion of the Company from Private Limited Company to Public Limited Company and Change of name of Company to Reetech International Cargo and Courier Limited.