About Ritzee Bags India Private Limited
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Ritzee Bags India Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the woven packaging products segment of the packaging sector. It was incorporated on 03 July 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2013PTC069970. Its GSTIN is 29AAGCR5268L1ZO (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹41.43 Lakh. It is led by directors including Sathish Kumar Vijayamohan (Managing Director) and Somasekharan Nair.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.17 7th Cross Bhavani Street Muniswamappa Layout Ramamurthy Nagar, Bengaluru, Karnataka, India – 560016.
As per the financials filed for FY 2024, the company reported a revenue of ₹9.88 Lakh, a growth of 112% compared to the previous year. For the same year it recorded a net loss of ₹22.17 Lakh (net margin -224.5%) and EBITDA of -₹27.8 Lakh (EBITDA margin -281.4%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 28% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
Court records list 7 cases involving the company, including 5 filed by the company and 2 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ritzeebags.com.
Company details
Contact details
Ritzee Bags India Private Limited's registered office is in Bengaluru, Karnataka. Its website is ritzeebags.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.17 7th Cross Bhavani Street Muniswamappa Layout Ramamurthy Nagar, Bengaluru, Karnataka, India – 560016
- IndustryPackaging, Woven Packaging Products
To see the full contact details of Ritzee Bags 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 Ritzee Bags India is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Ritzee Bags India Private Limited, buy the company report.
Financials of Ritzee Bags India Private Limited
FY 2024 filings availableRitzee Bags India Private Limited reported revenue of ₹9.88 Lakh (up 112% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 112% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 28%. EBITDA fell 152% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹27.8 Lakh | ||||
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| Net Profit (PAT) | -₹22.17 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -281.4% | ||||
| Net Profit Margin | -224.5% | ||||
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To see the full financial statements and ratios of Ritzee Bags India Private Limited, buy the company report.
Board of directors of Ritzee Bags India Private Limited
Ritzee Bags India has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sathish Kumar Vijayamohan | Managing Director | 16 Sep 2014 | 12 Years 1 Months | Current |
| Somasekharan Nair | Director | 29 Dec 2020 | 5 Years 10 Months | Current |
| Vijayamohanan Kuttenpillai Also directs: Vengad Resorts and Retreats Limited | Director | 11 Mar 2014 | 12 Years 8 Months | Current |
| Anil Kumar Vijayamohanan | Director | 13 Sep 2017 | 9 Years 2 Months | Current |
Auditor
Ritzee Bags India Private Limited is audited by K S DINESH & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K S DINESH & ASSOCIATES | FY 2017 | 009316S |
Shareholding
The shareholding of Ritzee Bags India Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ritzee Bags India Private Limited, buy the company report.
Legal cases
Ritzee Bags India Private Limited has 7 court cases on record: 5 filed by Ritzee Bags India, 2 filed against it. 2 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 2 | 2 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by M/S Darshn Enterprises | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed against the company by Darshan Enterprises | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Ritzee Bags India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ritzee Bags India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ritzee Bags India Private Limited has a workforce of 1 employees on its EPFO records as of Mar 2021, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2020-21 | 1 |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Ritzee Bags India Private Limited, buy the company report.
GST
Ritzee Bags India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCR5268L1ZO | Karnataka | Active | 01 Jul 2017 |
| 32AAGCR5268L1Z1 | Kerala | Active | 20 Dec 2017 |
To see the full GST registrations and return filing status of Ritzee Bags India Private Limited, buy the company report.
Recent activity
Ritzee Bags India Private Limited has 7 board changes on record since 2014: 4 appointments and 3 cessations. The latest: Somasekharan Nair was appointed as Director on 29 Dec 2020.
Frequently asked questions
Ritzee Bags India is an active private limited company based in Bengaluru, Karnataka, India. The company works in woven packaging products, within the packaging industry. It was incorporated on 03 July 2013 (13+ years old) and is registered under CIN U74900KA2013PTC069970.
Ritzee Bags India has 4 current directors:
- Sathish Kumar Vijayamohan - Managing Director
- Somasekharan Nair - Director
- Vijayamohanan Kuttenpillai - Director
- Anil Kumar Vijayamohanan - Director
The latest financial statements of Ritzee Bags India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ritzee Bags India is 29AAGCR5268L1ZO, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 32AAGCR5268L1Z1 (Kerala).
The CIN (Corporate Identification Number) of Ritzee Bags India is U74900KA2013PTC069970. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ritzee Bags India has 7 court cases on record: 5 filed by the company and 2 filed against it. 2 are pending.
Ritzee Bags India was incorporated on 03 July 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
Somasekharan Nair was appointed as Director on 29 Dec 2020. Sajish Sidhardhan ceased to be Director on 17 May 2018. Anil Kumar Vijayamohanan was appointed as Director on 13 Sep 2017. Ritzee Bags India has 7 board changes on record in total.
Ritzee Bags India can be reached through the website ritzeebags.com. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Ritzee Bags India is at No.17 7th Cross Bhavani Street Muniswamappa Layout Ramamurthy Nagar, Bengaluru, Karnataka, India – 560016.
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