About RichBean
RichBean was a Media & Entertainment company based in Kanchipuram (India) founded in 2018 by Kumaresh Balamurugan. It operates as a functions as a brand specializing in earphones and headphones. It operates on a B2C model. Its Indian entity Richbean Technology Private Limited reported revenue of ₹46.9 Lakh. The company is recorded as dissolved. Its focus areas include Consumer Electronics, Audio Devices, Headphones and Earphones and Branded Products. Similar companies include Xiaomi, boAt, Nothing, DailyObjects and Meizu and 3 more; 6 of its 8 listed similar companies have raised funding.
Company details
RichBean functions as a brand specializing in earphones and headphones through producing consumer electronics, audio devices, headphones and earphones, and branded products. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Kanchipuram, India
- Founders Kumaresh Balamurugan
- SectorsMedia & Entertainment
- Website richbeanindia.com
- Legal Name Richbean Technology Private Limited
- Date of Incorporation 25 Sep, 2018
- Jurisdiction Kanchipuram, Tamil Nadu, India
- Annual Revenue₹46.9 Lakh
FY 2024 · +8001% YoY
- Net Loss-₹3.6 Lakh
FY 2024 · -8% margin
- EBITDA-₹2.7 Lakh
FY 2024 · -6% margin
Associated legal entities of RichBean
RichBean operates through Richbean Technology Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Richbean Technology Private Limited CIN U72900TN2018PTC124843 | Active | 25 Sep 2018 | Kanchipuram, Tamil Nadu | ₹0.5 Cr | – | 2 | View details |
Board of directors of Richbean Technology Private Limited (RichBean)
Richbean Technology Private Limited is the primary company behind RichBean. The board of Richbean Technology Private Limited currently have 2 directors; the longest-serving is Balamurugan, appointed in 2018. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Balamurugan DIN 08237590 | Director | 25 Sep 2018 | 8 yrs | Richbean Technology Private Limited |
| Balamurugan Kalaiarasi DIN 08237591 | Director | 25 Sep 2018 | 8 yrs | Richbean Technology Private Limited |
People of RichBean
1 people are tracked at RichBean (1 in leadership).
| Name | Role | Group |
|---|---|---|
Kumaresh Balamurugan | Founder | Leadership |
Complete people profiles for RichBean
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Financials of RichBean
Figures of Richbean Technology Private Limited, the primary company behind RichBean, for FY 2024. Revenue was ₹46.9 Lakh (+8001% year on year). Net loss was -₹3.6 Lakh (-8% margin). EBITDA was -₹2.7 Lakh (-6% margin). Revenue has grown at a compounded annual rate of -8% over three years and +152% over five years.
- ₹46.9 LakhRevenue · FY 2024 · +8001% YoY
- -₹3.6 LakhNet loss · -8% margin
- -₹2.7 LakhEBITDA · -6% margin
- ₹50 LakhPaid-up capital
- -8%Revenue CAGR, 3 years
- +152%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Richbean Technology Private Limited are on its company page.
Detailed financial statements for RichBean
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Similar companies to RichBean
RichBean has 8 listed similar companies in our database, 6 of them funded. They include Xiaomi, boAt, Nothing, DailyObjects and Meizu, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mi.com | 2010 | Beijing, China | $1.45B | – | Multi-category consumer electronics are offered through an internet-first model. | |
| boat-lifestyle.com | 2016 | Gurugram, India | $171.3M | 501 | Personal audio products, wearables, and mobile accessories are retailed. | |
| nothing.tech | 2020 | London, United Kingdom | $440.3M | 56 | Multi-category electronics are provided by an internet-first brand. | |
| dailyobjects.com | 2012 | Gurugram, India | $14.23M | 155 | Multi-category mobile and fashion accessories are sold online. | |
| meizu.com | 2003 | Zhuhai, China | $958.36M | – | Multi-category consumer electronics are provided by an internet-first brand. | |
| quboworld.com | 2018 | Delhi, India | – | 165 | Online platform offering a wide range of consumer electronics | |
| indkal.com | 2020 | United States | $56.25M | 300 | Task management and project collaboration software is provided for teams. | |
| portronics.com | 2008 | Delhi, India | – | 128 | Sells electronic gadgets and accessories through online retail platforms. |
Detailed similar companies of RichBean
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Top companies in Audio & Music Equipment
10 companies that operate in the same segment as RichBean (Audio & Music Equipment), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Stringed instruments and amplifiers are manufactured by Fender. | 1946 | Los Angeles, California, United States | USD 59.88 M | – | 1,562 | |
Retailer of drums and speakers | 1962 | Bletchley, Buckinghamshire, United Kingdom | – | USD 376.19 M | – | |
Electronic musical instruments and digital audio workstations are manufactured. | 1972 | Shizuoka, Shizuoka Prefecture, Japan | – | USD 644.34 M | 2,960 | |
Gear4music is recognized as a leading retailer of musical instruments and equipment. | 2003 | York, United Kingdom | USD 5.39 M | – | – | |
Premium radio devices with AM, FM, and Bluetooth are manufactured. | 2000 | Boston, Massachusetts, United States | – | – | 9 | |
Handcrafted acoustic and digital pianos are manufactured for various models. | 1995 | United States | USD 27.2 M | – | – | |
Equalizers, amplifiers, line drivers, and audio accessories are manufactured. | 1977 | Seattle, Washington, United States | – | – | 56 | |
Immersive in-ear monitoring systems are developed for musicians. | 1996 | Aachen, North Rhine-westphalia, Germany | – | – | – | |
Sells audio devices, smartwatches, and accessories through online platforms. | 2017 | Delhi, Delhi, India | – | – | – | |
Mixing consoles and audio solutions are manufactured by DiGiCo. | 2002 | Chessington, United Kingdom | USD 85.3 M | – | – |
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Frequently Asked Questions about RichBean
RichBean was founded in 2018.
RichBean is headquartered in Kanchipuram, India. It is registered at Kanchipuram, Tamil Nadu, India.
The primary company behind RichBean, Richbean Technology Private Limited, reported revenue of ₹46.9 Lakh for FY 2024, up 8001% year on year.
RichBean functions as a brand specializing in earphones and headphones through producing consumer electronics, audio devices, headphones and earphones, and branded products. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
RichBean's top competitors include Xiaomi, boAt and DailyObjects.
RichBean operates through Richbean Technology Private Limited.
The legal entities of RichBean currently have 2 directors, including Balamurugan, Balamurugan Kalaiarasi.