Ridhi Synthetics Ltd was initially established as 'Ridhi Holdings and Traders Limited', operating as a public limited company under the guidelines of the Companies Act, 1956. This incorporation took place on September 22, 1981, as per the Certificate of Incorporation issued by the Registrar of Companies in Mumbai, Maharashtra. Subsequently, the company underwent a name change to 'Ridhi Synthetic Traders Limited', which was formalized through a new certificate of incorporation dated June 22, 1987, also issued by the Registrar of Companies in Mumbai, Maharashtra. Later, on November 20, 2000, following another change in name, the company became 'Ridhi Synthetics Limited', as per a fresh certificate of incorporation issued by the Registrar of Companies in Mumbai, Maharashtra.
Currently, the company is involved in the activities of investing in shares and securities, as well as renting out immovable properties.