Rits Info Solutions India Private Limited
About Rits Info Solutions India Private Limited
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Rits Info Solutions India Private Limited was a private limited company based in Hyderabad, Telangana, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the consultancy services segment of the technology and IT services sector. It was incorporated on 13 December 2010.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2010PTC071653. The company has 4 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Kovvuru Swathi and Palampali Rajeswari.
Its last annual general meeting (AGM) was held on 26 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Hyderabad, Telangana.
As per the financials filed for FY 2016, the company reported a revenue of ₹18.42 Lakh, a growth of 98% compared to the previous year. For the same year it recorded a net profit of ₹1.11 Lakh (net margin 6%) and EBITDA of ₹1.7 Lakh (EBITDA margin 9.2%).
Company details
CIN history
Rits Info Solutions India has one previous CIN (Corporate Identification Number): U72200AP2010PTC071653. The current CIN is U72200TG2010PTC071653, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TG2010PTC071653 | Current |
| U72200AP2010PTC071653 | Previous |
Contact details
Rits Info Solutions India Private Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address# 402 Plot No. 1208 Spline Arcade Swamy Ayyappa Layout Mad, Hapur, Hyderabad, Telangana, India – 500081
- IndustryInformation Technology, Consultancy, Computer Programming
To see the full contact details of Rits Info Solutions India Private Limited, buy the company report.
- 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
Business activity
The main business activity of Rits Info Solutions India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Rits Info Solutions India Private Limited, buy the company report.
Financials of Rits Info Solutions India Private Limited
FY 2016 filings availableRits Info Solutions India Private Limited reported revenue of ₹18.42 Lakh (up 98% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 98% in the latest year. EBITDA rose 255% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹18.42 Lakh | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹1.7 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹1.11 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 | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 9.2% | |
| Net Profit Margin | 6% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
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| 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 Rits Info Solutions India Private Limited, buy the company report.
Board of directors of Rits Info Solutions India Private Limited
Rits Info Solutions India has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kovvuru Swathi | Director | 13 Dec 2010 | 15 Years 10 Months | As last reported |
| Palampali Rajeswari | Director | 13 Dec 2010 | 15 Years 10 Months | As last reported |
Peer comparison
Rits Info Solutions India Private Limited is compared with the 5 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sharesoft Technologies Private Limited | ₹18.43 Lakh (FY 2017) | 164.0% | Nashik, Maharashtra, India | |||
| Jayde & Jaydon Software Private Limited | ₹18.43 Lakh (FY 2024) | 1.0% | Chennai, Tamil Nadu, India | |||
| Software Solution Infocus IT Education Private Limited | ₹18.42 Lakh (FY 2022) | -21.0% | Chennai, Tamil Nadu, India | |||
| Rits Info Solutions India Private Limitedthis company | ₹18.42 Lakh (FY 2016) | ₹1.11 Lakh | 6% | 98.0% | Hyderabad, Telangana, India | |
| Newhorn Technology Solutions Private Limited | ₹18.42 Lakh (FY 2024) | 55.0% | Chennai, Tamil Nadu, India | |||
| DNV Cloud Tech IT Solutions Private Limited | ₹18.42 Lakh (FY 2019) | 15.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Rits Info Solutions India Private Limited, buy the company report.
Auditor
Rits Info Solutions India Private Limited is audited by SREEDARMOHAN&ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SREEDARMOHAN&ASSOCIATES | FY 2016 | 012722S |
Shareholding
The shareholding of Rits Info Solutions India Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Rits Info Solutions India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Rits Info Solutions India 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 Rits Info Solutions India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Rits Info Solutions India Private Limited has 1 active EPFO establishment as of Apr 07, 2024.
GST
Rits Info Solutions India has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Rits Info Solutions India Private Limited, buy the company report.
Recent activity
Rits Info Solutions India Private Limited has 2 board changes on record since 2010: 2 appointments. The latest: Kovvuru Swathi was appointed as Director on 13 Dec 2010.
Frequently asked questions
Rits Info Solutions India has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Rits Info Solutions India was a private limited company based in Hyderabad, Telangana, India. The company worked in consultancy, within the information technology industry. It was incorporated on 13 December 2010 and is registered under CIN U72200TG2010PTC071653. The company has been struck off by the Registrar of Companies and is no longer operational.
Rits Info Solutions India had 2 directors:
- Kovvuru Swathi - Director
- Palampali Rajeswari - Director
The CIN (Corporate Identification Number) of Rits Info Solutions India is U72200TG2010PTC071653. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Rits Info Solutions India is at # 402 Plot No. 1208 Spline Arcade Swamy Ayyappa Layout Mad, Hapur, Hyderabad, Telangana, India – 500081.
Rits Info Solutions India was incorporated on 13 December 2010. It is registered with the Registrar of Companies, Hyderabad.
The latest financial statements of Rits Info Solutions India on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 26 September 2016. Year-wise statements from 2015 are in the company report.
No. Rits Info Solutions India has 4 GST registrations on record and all of them are cancelled or inactive.
Rits Info Solutions India operated in the information technology industry, in the consultancy segment. It worked in this industry before it was struck off.
The peers of Rits Info Solutions India by revenue are Sharesoft Technologies Private Limited, Jayde & Jaydon Software Private Limited, Software Solution Infocus IT Education Private Limited, Newhorn Technology Solutions Private Limited, DNV Cloud Tech IT Solutions Private Limited, all in the same principal business activity (computer programming, consultancy and related activities).
Kovvuru Swathi was appointed as Director on 13 Dec 2010. Palampali Rajeswari was appointed as Director on 13 Dec 2010.
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