MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0113156
Sourceitright Private Limited - e-commerce in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹4.79 Cr
▼ 53% YoY
Net loss · FY 2025
₹18.24 Lakh
Net margin -3.8%
EBITDA · FY 2025
₹5.36 Lakh
EBITDA margin 1.1%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Company age
10 yrs
Est. 2016
Employees · EPFO
27
Provident fund records
Directors on board
2
As per MCA filings
About Sourceitright Private Limited
Data last updated:
Sourceitright Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the online apparel retail segment of the e-commerce sector. It was incorporated on 31 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2016PTC092264. Its GSTIN is 24AAXCS2017F1ZC (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Dhruvit Jayeshkumar Shah and Jayesh Navinchandra Shah.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.79 Cr, a decline of 53% compared to the previous year. For the same year it recorded a net loss of ₹18.24 Lakh (net margin -3.8%) and EBITDA of ₹5.36 Lakh (EBITDA margin 1.1%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 2% over five years.
The company has about 27 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: SourceItRight.
Sourceitright Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0113156). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sourceitright.com.
Company Details of Sourceitright Private Limited
CIN U74999GJ2016PTC092264
Registration Number 092264
Incorporation Date 31 May 2016
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0113156
Recognitions & Rankings of Sourceitright
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address7 G.F. Manas Complex Sur – 215 T.P.5.P.P. – 13, Near Jodhpur Char Rasta Satellite Road, Ahmedabad, Gujarat, India – 380015
- IndustryE-Commerce, Online Apparel Retail
Comprehensive company report
Sourceitright Private Limited - one report that includes everything
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Associated Brands with Sourceitright Private Limited
Sourceitright operates one associated brand: SourceItRight. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online platform selling Indian fabrics for retail and wholesale. | sourceitright.com |
Business Activity of Sourceitright Private Limited
The main business activity of Sourceitright is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
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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 Sourceitright Private Limited FY 2025 filings available
Sourceitright Private Limited reported revenue of ₹4.79 Cr (down 53% YoY) for FY 2025.
Revenue · FY 2025
₹4.79 Cr ▼ 53%
Net loss · FY 2025
₹18.24 Lakh margin -3.8%
EBITDA · FY 2025
₹5.36 Lakh margin 1.1%
Compounded Annual Growth Rate (CAGR) of Sourceitright Private Limited
Revenue CAGR growth
1 year
▼ 53%
3 years · compounded
▼ 15%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▼ 53%
3 years · compounded
▲ 27%
5 years · compounded
▲ 26%
Revenue fell 53% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 53% 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 Sourceitright Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹5.36 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹18.24 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 of Sourceitright Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -3.8% | •••• | •••• | •••• | •••• |
| 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 Sourceitright are in the company report.
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Financial statements from FY 2017
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.
Board of Directors of Sourceitright Private Limited
Sourceitright has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhruvit Jayeshkumar Shah Also directs: Navin Drilling Fluids and Minerals Private Limited | Director | 31 May 2016 | 10 Years 4 Months | Current |
| Jayesh Navinchandra Shah | Director | 31 May 2016 | 10 Years 4 Months | Current |
Peer Comparison of Sourceitright Private Limited
Sourceitright Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Apparel). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Saibaba Apparel Exports Private Limited | ₹4.91 Cr (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Benesome Apparel Private Limited | ₹4.91 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Tirupur, Tamil Nadu, India |
| Vishwam Fabrics Private Limited | ₹4.89 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Surat, Gujarat, India |
| Riyansha Sarees (India) Private Limited | ₹4.82 Cr (FY 2017) | •••• | •••• | -26.0% | •••• | Lucknow, Uttar Pradesh, India |
| Abhishti Textile Private Limited | ₹4.81 Cr (FY 2024) | •••• | •••• | -8.0% | •••• | Delhi, India |
| Sourceitright Private Limited this company | ₹4.79 Cr (FY 2025) | •••• | •••• | -53.0% | •••• | Ahmedabad, Gujarat, India |
| Lea Clothing Private Limited | ₹4.78 Cr (FY 2025) | •••• | •••• | 671.0% | •••• | Delhi, India |
| Blue Thread Brands Private Limited | ₹4.78 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Gurgaon, Haryana, India |
| VLF Trends Private Limited | ₹4.76 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Ahmedabad, Gujarat, India |
| Bhadar Technologies Private Limited | ₹4.73 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Surat, Gujarat, India |
| Shahin Mannan Private Limited | ₹4.73 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Noida, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Sourceitright by revenue in the Ecommerce and Internet industry (Apparel), 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 Sourceitright Private Limited
Sourceitright Private Limited is audited by Kishor Goyal & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Kishor Goyal & Co | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
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Verified entity values are shown only after access is granted.
Ownership and Shareholding of Sourceitright Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
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- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Sourceitright Private Limited
Sourceitright Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Sourceitright Private Limited
Sourceitright Private Limited has a workforce of 27 employees as of Apr 08, 2024.
Employee count
27
Active EPFO establishments
1
Employee growth
-10%
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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 Sourceitright Private Limited
Sourceitright Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Dhruvit Jayeshkumar Shah was appointed as Director on 31 May 2016.
AGM
Sourceitright Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Sourceitright Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Dhruvit Jayeshkumar Shah was appointed as Director.
Appointed
Jayesh Navinchandra Shah was appointed as Director.
Incorporation
31 May 2016
Sourceitright Private Limited was registered on 31 May 2016 with Roc Ahmedabad & aged 10 years 4 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Sourceitright Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
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- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Sourceitright Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Sourceitright Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
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GST Compliance of Sourceitright Private Limited
Sourceitright has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAXCS2017F1ZC | Gujarat | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Sourceitright Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Sourceitright Private Limited
Sourceitright is an active private limited company based in Ahmedabad, Gujarat, India. The company works in online apparel retail, within the e-commerce industry. It was incorporated on 31 May 2016 (10+ years old) and is registered under CIN U74999GJ2016PTC092264.
Sourceitright reported revenue of ₹4.79 Cr for FY 2025 (down 53% YoY).
Sourceitright has 2 current directors:
- Dhruvit Jayeshkumar Shah - Director
- Jayesh Navinchandra Shah - Director
Sourceitright reported a net loss of ₹18.24 Lakh (net margin -3.8%) and EBITDA of ₹5.36 Lakh (EBITDA margin 1.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sourceitright is -15% over three years and 2% over five years. In the latest year (FY 2025) revenue fell 53%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sourceitright is 24AAXCS2017F1ZC, registered in Gujarat.
The CIN (Corporate Identification Number) of Sourceitright is U74999GJ2016PTC092264. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sourceitright was incorporated on 31 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Sourceitright by revenue are Saibaba Apparel Exports Private Limited, Benesome Apparel Private Limited, Vishwam Fabrics Private Limited, Riyansha Sarees (India) Private Limited, Abhishti Textile Private Limited and 5 more, all in the Ecommerce and Internet industry (Apparel).
Dhruvit Jayeshkumar Shah was appointed as Director on 31 May 2016. Jayesh Navinchandra Shah was appointed as Director on 31 May 2016.
Yes, Sourceitright is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0113156).