About Rite Tech Solutions Private Limited
Data last updated:
Rite Tech Solutions Private Limited is a private limited company based in Chennai-600086., Tamil Nadu, India. It operates in the retail trading segment of the trading and commerce sector. It was incorporated on 23 October 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U51505TN2002PTC049779. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Anand Ramachandran and Jyothi Anand.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at No6 8 Thstreet Gopalapuram Chennai – 600086., Tamil Nadu, India – 600086.
As per the financials filed for FY 2018, the company reported a revenue of ₹1.51 Lakh, a decline of 69% compared to the previous year. For the same year it recorded a net loss of ₹44,170 (net margin -29.2%) and EBITDA of -₹42,757 (EBITDA margin -28.2%). Revenue has declined at a compounded annual rate (CAGR) of 58% over three years.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website ritetechsol.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo6 8 Thstreet Gopalapuram Chennai – 600086., Tamil Nadu, India – 600086
- IndustryTrading, Retail Trading, Retailers
- 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
- One PDF report, delivered after checkout
Business Activity of Rite Tech Solutions Private Limited
The main business activity of Rite Tech Solutions is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Rite Tech Solutions Private Limited FY 2018 filings available
Rite Tech Solutions Private Limited reported revenue of ₹1.51 Lakh (down 69% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR) of Rite Tech Solutions Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 58% over three years, including a 69% fall in the latest year. EBITDA fell 50% 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 of Rite Tech Solutions Private Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| 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 | -₹42,757 | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹44,170 | •••• | •••• | •••• |
| 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 of Rite Tech Solutions Private Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -28.2% | •••• | •••• | •••• |
| Net Profit Margin | -29.2% | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Rite Tech Solutions are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Rite Tech Solutions Private Limited
Rite Tech Solutions Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Falcon Technosystems Limited | ₹1.54 Lakh (FY 2017) | •••• | •••• | 1.0% | •••• | New Delhi, Delhi, India |
| Edgefrost Systems Private Limited | ₹1.52 Lakh (FY 2018) | •••• | •••• | •••• | Brindavananagar, Bangalore, Karnataka, India | |
| Mabhawani Multicrafts Private Limited | ₹1.52 Lakh (FY 2024) | •••• | •••• | -61.0% | •••• | Rajasthan, India |
| GCG Electricals Private Limited | ₹1.51 Lakh (FY 2020) | •••• | •••• | -48.0% | •••• | Kolkata, West Bengal, India |
| Xage Communication India Private Limited | ₹1.51 Lakh (FY 2024) | •••• | •••• | -93.0% | •••• | New Delhi, Delhi, India |
| Rite Tech Solutions Private Limited this company | ₹1.51 Lakh (FY 2018) | •••• | •••• | -69.0% | •••• | Chennai-600086., Tamil Nadu, India |
| Avio Digital India Private Limited. | ₹1.51 Lakh (FY 2023) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Sales Emporium Private Limited | ₹1.5 Lakh (FY 2025) | •••• | •••• | 819.0% | •••• | Kolkata, West Bengal, India |
| Vinus Process Automation Private Limited | ₹1.5 Lakh (FY 2025) | •••• | •••• | -73.0% | •••• | Vadodara, Gujarat, India |
| Zillions Hub Private Limited | ₹1.49 Lakh (FY 2021) | •••• | •••• | 7.0% | •••• | Chandrapur, Maharashtra, India |
| Anoop Mukandude Enterprises Private Limited | ₹1.49 Lakh (FY 2021) | •••• | •••• | -70.0% | •••• | Bathinda, Punjab, India |
Peers are the five companies nearest above and the five nearest below Rite Tech Solutions by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Rite Tech Solutions Private Limited
Rite Tech Solutions Private Limited is audited by GANESH VENKAT AND CO for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GANESH VENKAT AND CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Rite Tech Solutions Private Limited
Rite Tech Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anand Ramachandran Also directs: Acetech Engineering Private Limited | Director | 23 Oct 2002 | 23 Years 11 Months | Current |
| Jyothi Anand | Director | 01 Apr 2004 | 22 Years 6 Months | Current |
Ownership and Shareholding of Rite Tech Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Rite Tech Solutions Private Limited
Rite Tech Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Rite Tech Solutions Private Limited
Employment history and EPFO contributions of people linked to Rite Tech Solutions.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Rite Tech Solutions Private Limited
Rite Tech Solutions Private Limited has 2 board changes on record since 2002: 2 appointments. The latest: Jyothi Anand was appointed as Director on 01 Apr 2004.
Credit Ratings, Litigation & Regulatory Alerts for Rite Tech Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Rite Tech Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Rite Tech Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Rite Tech Solutions Private Limited
Rite Tech Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Rite Tech Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Rite Tech Solutions Private Limited
Rite Tech Solutions is an active private limited company based in Chennai-600086, Tamil Nadu, India. The company works in retail trading, within the trading industry. It was incorporated on 23 October 2002 (24+ years old) and is registered under CIN U51505TN2002PTC049779.
Rite Tech Solutions reported revenue of ₹1.51 Lakh for FY 2018 (down 69% YoY).
Rite Tech Solutions has 2 current directors:
- Anand Ramachandran - Director
- Jyothi Anand - Director
Rite Tech Solutions reported a net loss of ₹44,170 (net margin -29.2%) and EBITDA of -₹42,757 (EBITDA margin -28.2%) for FY 2018, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Rite Tech Solutions is -58% over three years. In the latest year (FY 2018) revenue fell 69%. CAGR is the steady yearly rate that links the first and the last year.
No. Rite Tech Solutions has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Rite Tech Solutions is U51505TN2002PTC049779. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rite Tech Solutions was incorporated on 23 October 2002, making it 24+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Rite Tech Solutions by revenue are Falcon Technosystems Limited, Edgefrost Systems Private Limited, Mabhawani Multicrafts Private Limited, GCG Electricals Private Limited, Xage Communication India Private Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution).
Jyothi Anand was appointed as Director on 01 Apr 2004. Anand Ramachandran was appointed as Director on 23 Oct 2002.
Rite Tech Solutions can be reached through the website ritetechsol.com. Its registered office is in Chennai-600086, Tamil Nadu, India.