River Business Solutions Private Limited
About River Business Solutions Private Limited
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River Business Solutions Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Altisource Consulting S.A.R..L. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 07 January 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2015FTC078138. Its GSTIN is 29AAHCR1879C1Z5 (Karnataka).
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹4.7 Cr. It is led by directors Jayesh Babulal Mehta and Kishore Bangalore Venkatesh.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Silver Oak Embassy Manyata Business Park, Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.11 Cr, a decline of 82% compared to the previous year. For the same year it recorded a net profit of ₹1.28 Cr (net margin 60.7%) and EBITDA of ₹1.74 Cr (EBITDA margin 82.5%). Revenue has declined at a compounded annual rate (CAGR) of 61% over three years and 37% over five years.
The company has about 212 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
River Business Solutions Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressWing B 2nd Floor E2 – Silver Oak Embassy Manyata Business Park, Rachenahalli Village K.R Puram Hobli, Bangalore, Karnataka, India – 560045
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of River Business Solutions 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 River Business Solutions is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of River Business Solutions Private Limited, buy the company report.
Financials of River Business Solutions Private Limited
FY 2025 filings availableRiver Business Solutions Private Limited reported revenue of ₹2.11 Cr (down 82% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years, including a 82% fall in the latest year. EBITDA fell 80% 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 | ₹1.74 Cr | ||||
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| Net Profit (PAT) | ₹1.28 Cr | ||||
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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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| EBITDA Margin | 82.5% | ||||
| Net Profit Margin | 60.7% | ||||
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To see the full financial statements and ratios of River Business Solutions Private Limited, buy the company report.
Board of directors of River Business Solutions Private Limited
River Business Solutions has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayesh Babulal Mehta Also directs: Pretium Enterprise Operations India Private Limited | Director | 25 May 2016 | 10 Years 4 Months | Current |
| Kishore Bangalore Venkatesh Also directs: Pretium Enterprise Operations India Private Limited | Director | 14 Aug 2018 | 8 Years 2 Months | Current |
Peer comparison
River Business Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other support services to organizations), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Yashudha Consulting Private Limited | ₹2.12 Cr (FY 2024) | 12.0% | Noida, Uttar Pradesh, India | |||
| Ambi Tradebiz Private Limited | ₹2.12 Cr (FY 2023) | 19.0% | Indirapuram, Uttar Pradesh, India | |||
| Ifellow Foundation | ₹2.12 Cr (FY 2025) | 97.0% | Pune, Maharashtra, India | |||
| Rove Management Services Private Limited | ₹2.12 Cr (FY 2020) | -5.0% | New Delhi, Delhi, India | |||
| Infinite Clearing and Carriers Private Limited | ₹2.12 Cr (FY 2025) | -46.0% | Gurgaon, Haryana, India | |||
| River Business Solutions Private Limitedthis company | ₹2.11 Cr (FY 2024) | ₹1.28 Cr | 60.7% | -82.0% | 212 | Bangalore, Karnataka, India |
| Salem Infotech Private Limited | ₹2.11 Cr (FY 2024) | 27.0% | Chennai, Tamil Nadu, India | |||
| Triplerock Tech Private Limited | ₹2.11 Cr (FY 2025) | -47.0% | Haryana, India | |||
| Ishani Vintrade Private Limited | ₹2.11 Cr (FY 2021) | 24.0% | Kolkata, West Bengal, India | |||
| Samunmesh Foundation | ₹2.11 Cr (FY 2025) | 3171.0% | Machhali Shahar, Uttar Pradesh, India | |||
| Southern Cross Group India Private Limited | ₹2.11 Cr (FY 2025) | -21.0% | New Delhi, Delhi, India |
To see the full peer comparison of River Business Solutions Private Limited, buy the company report.
Auditor
River Business Solutions Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2020 | 101049W/E300004 |
Shareholding
The shareholding of River Business Solutions Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
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| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of River Business Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving River Business Solutions 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 River Business Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
River Business Solutions Private Limited has a workforce of 212 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
River Business Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCR1879C1Z5 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of River Business Solutions Private Limited, buy the company report.
Recent activity
River Business Solutions Private Limited has 7 board changes on record since 2015: 2 appointments and 5 cessations. The latest: Kishore Bangalore Venkatesh ceased to be Whole-Time Director on 01 Jun 2022.
Frequently asked questions
River Business Solutions is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 07 January 2015 (11+ years old) and is registered under CIN U74900KA2015FTC078138.
River Business Solutions has 2 current directors:
- Jayesh Babulal Mehta - Director
- Kishore Bangalore Venkatesh - Director
The latest financial statements of River Business Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of River Business Solutions is 29AAHCR1879C1Z5, registered in Karnataka.
The CIN (Corporate Identification Number) of River Business Solutions is U74900KA2015FTC078138. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
River Business Solutions was incorporated on 07 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of River Business Solutions by revenue are Yashudha Consulting Private Limited, Ambi Tradebiz Private Limited, Ifellow Foundation, Rove Management Services Private Limited, Infinite Clearing and Carriers Private Limited and 5 more, all in the same principal business activity (other support services to organizations).
Kishore Bangalore Venkatesh ceased to be Whole-Time Director on 01 Jun 2022. Stephen Henry Gray ceased to be Director on 28 May 2021. Kishore Bangalore Venkatesh was appointed as Director on 14 Aug 2018. River Business Solutions has 7 board changes on record in total.
The registered office of River Business Solutions is at Wing B 2nd Floor E2 – Silver Oak Embassy Manyata Business Park, Rachenahalli Village K.R Puram Hobli, Bangalore, Karnataka, India – 560045.
River Business Solutions operates in the information technology industry, in the IT consulting and support services segment.
The compliance status of River Business Solutions is compliant as of 01 August 2026. The company is actively filing with the Registrar of Companies.