Riddhi Corporate

Ahmedabad, India Founded: 2010 • Age: 16 yrs Listed
Provider of diversified application development, ERP, HR payroll and email services

About Riddhi Corporate

Riddhi Corporate is a publicly listed company based in Ahmedabad (India) founded in 2010. Provider of diversified application development, ERP, HR payroll and email services. It operates in the Business Services and Technology sectors. The company has 2,000 employees. Its chief executive, as recorded, is Boban Mathew. Its Indian entity Riddhi Corporate Services Limited reported revenue of β‚Ή523 Cr. Riddhi Corporate offers products and services including Logistics Solutions, Warehousing Services, Procurement Services, Back Office Support, and Call Center Services. Its focus areas include HR Services, End to End Services, Digital Transformation Services and Horizontal.

Company details

Riddhi Corporate was founded in 2010 and is based in Ahmedabad, India. Operations focus on the information technology sector, where diversified software services are delivered. Application development solutions are offered alongside ERP systems, HR management tools, payroll processing, and email infrastructure. These services support various business needs in the region, with leadership provided by executives including Boban Mathew and Nehal Kargatia.

  • Headquarters Ahmedabad, India
  • Employees 2,000
  • Stage Public
  • Sectors
    Business Services
    Technology
  • Email
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  • Phone
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  • Website riddhicorporate.co.in
  • Social LinkedIn X Facebook
  • Legal Name Riddhi Corporate Services Ltd.
Key Metrics
  • Market Cap
    ₹63.01 Cr

    RIDDHICORP · BSE

  • Share Price
    ₹54.90

    +3.39% today

  • Revenue
    ₹59.54 Cr

    FY 2018-19 · +194.8% YoY

  • EBITDA
    ₹0.86 Cr

    Margin 1.4%

  • Net Profit
    ₹0.84 Cr

    FY 2018-19 · +29.2% YoY

  • P/E (TTM)
    99.5x

    P/B 6.6x

  • ROE
    3.1%

    ROCE 8.9%

  • Debt / Equity
    0.42

    Interest cover 169.4x

  • Employee Count
    2,000

Products & Services of Riddhi Corporate

Riddhi Corporate offers a comprehensive portfolio of products and services, including Logistics Solutions, Warehousing Services, Procurement Services, Back Office Support, and Call Center Services.

Logistics Solutions
Logistics

Offers seamless last-mile delivery and transport optimization services

Warehousing Services
Warehousing

Provides safe storage and inventory management solutions

Procurement Services
Procurement

Handles sourcing materials and supplier negotiations efficiently

Back Office Support
Administrative Services

Streamlines data entry and document management tasks

Call Center Services
Customer Support

Delivers inbound and outbound call handling for sales

HRMS Solutions
HR Technology

Simplifies recruitment, payroll, and employee management processes

Verification Services
Data Services

Ensures address verification and data authenticity accuracy

Real Estate Services
Property Services

Assists in identifying and managing property investments

Board of directors of Riddhi Corporate Services Limited (Riddhi Corporate)

Riddhi Corporate Services Limited is the primary company behind Riddhi Corporate. The board of Riddhi Corporate Services Limited currently have 8 directors; the longest-serving is Pravinchandra Kodarlal Gor, appointed in 2010. 12 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Pravinchandra Kodarlal Gor
DIN 03267951
Managing Director09 Oct 201016 yrs 1 moRiddhi Corporate Services Limited
Alpit Pravinchandra Gor
DIN 03041615
Whole-time director09 Oct 201016 yrs 1 moRiddhi Corporate Services Limited
Umesh Arvindbhai Bhadreswara
DIN 07582046
Director15 Jul 20179 yrs 3 moRiddhi Corporate Services Limited
Bhavin Kiritkumar Pandya
DIN 08500515
Director11 Jul 20197 yrs 4 moRiddhi Corporate Services Limited
Kalpanaben Dipakbhai Suthar
DIN 08513009
Director17 Jul 20197 yrs 3 moRiddhi Corporate Services Limited
Jashubhai M Patel
DIN 08703222
Director04 Mar 20206 yrs 8 moRiddhi Corporate Services Limited
Nehal Yashvantbhai Kargatia
DIN 10324042
Director13 Aug 20251 yr 2 moRiddhi Corporate Services Limited
Kalpesh Chandrakishor Shukla
DIN 07773003
Director14 Nov 202511 moRiddhi Corporate Services Limited

People of Riddhi Corporate

2 people are tracked at Riddhi Corporate (2 in leadership); the tracked headcount is 2,000.

NameRoleGroup
Boban Mathew
CEOLeadership
Chief Executive OfficerLeadership
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IPO & Listings of Riddhi Corporate

Riddhi Corporate is a publicly listed company on the BSE with ticker symbol RIDDHICORP in India, operating in the Transportation sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date22 Jun 2017
  • Listed onBSE: 540590
  • Listed entityRiddhi Corporate Services Ltd.
  • Exchange sectorTransportation
  • ISININE325X01015
  • Share price₹53.76 · 2026-10-14
  • Market capitalisation₹63.8 Cr
  • Price to earnings7.9
  • EPS (diluted, trailing year)₹6.80
  • Dividend yield0.88%
  • Volume (last session)55

Financials of Riddhi Corporate

Exchange-reported figures of Riddhi Corporate Services Limited, the listed company behind Riddhi Corporate (BSE: RIDDHICORP).

Financial Highlights

FY 2018-19 Β· Consolidated
Revenue
₹59.54 Cr
+194.8% YoY
EBITDA
₹0.86 Cr
-20.4% YoY
Profit After Tax
₹0.84 Cr
+29.2% YoY
Net Worth
₹23.77 Cr
+1.9% YoY
Total Assets
₹34.29 Cr
+4.2% YoY
Total Debt
₹10.50 Cr
+11.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2018-19FY 2017-18FY 2016-17
Income statement
Revenue59.5420.2067.58
Revenue growth+194.8%-70.1%-
EBITDA0.861.082.80
EBITDA margin+1.4%+5.4%+4.1%
Profit before tax1.211.084.09
Net profit0.840.652.43
Net profit margin+1.4%+3.2%+3.6%
EPS (β‚Ή)0.472.0010.52
Balance sheet
Total assets34.2932.9012.65
Net worth23.7723.3310.33
Total debt10.509.422.16
Cash & bank7.421.060.33
Net working capital6.994.770.95
Cash flow
Cash from operations6.43(3.07)(0.66)
Cash from investing1.80(13.50)0.01
Cash from financing(1.87)17.290.45
ParticularsMar 2020
Revenue21.30
Other income0.22
EBITDA(0.33)
EBITDA margin-1.5%
Depreciation0.10
Interest0.14
Profit before tax(0.35)
Tax1.12
Net profit(1.47)
EPS (β‚Ή)(1.29)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue51325516720010985.5480.62
Revenue growth+101.1%+53.0%-16.7%+84.1%+27.1%+6.1%-
EBITDA19.3029.4129.7338.6214.943.820.25
EBITDA margin+3.8%+11.5%+17.8%+19.3%+13.7%+4.5%+0.3%
Profit before tax11.0915.477.5611.057.834.791.02
Net profit9.2113.525.158.456.232.371.35
Net profit margin+1.8%+5.3%+3.1%+4.2%+5.7%+2.8%+1.7%
EPS (β‚Ή)7.2011.424.347.105.142.72(0.48)
Balance sheet
Total assets11416417317817637.1731.72
Net worth76.5668.8856.0051.4434.0028.1625.09
Total debt32.5594.391101251417.884.79
Cash & bank19.4219.4713.933.152.793.9510.27
Net working capital68.7559.2563.2321.0711.281.3511.32
Cash flow
Cash from operations23.8239.4021.60(18.67)12.485.65(0.90)
Cash from investing45.65(9.31)(8.39)(10.84)(3.82)(10.08)4.82
Cash from financing(61.19)(22.57)(13.64)29.86(9.82)(1.89)0.50
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue46.2852.0513813513410767.4259.68
Revenue growth (YoY)-65.4%-51.4%+104.0%+126.6%+100.9%+72.5%--
Other income1.280.550.990.904.333.232.897.09
Total expenses44.1449.3013412912810359.4253.22
EBITDA2.142.753.446.085.244.548.006.46
EBITDA margin+4.6%+5.3%+2.5%+4.5%+3.9%+4.2%+11.9%+10.8%
Depreciation2.042.032.112.333.964.565.144.51
Interest0.710.740.840.721.411.731.681.77
Profit before tax0.670.531.483.934.201.484.077.27
Tax0.110.10(0.44)1.081.090.151.70(0.79)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 11 Nov 2026
ParticularsMar 2020
Revenue21.30
Other income0.22
EBITDA(0.33)
EBITDA margin-1.5%
Depreciation0.10
Interest0.14
Profit before tax(0.35)
Tax1.12
Net profit(1.47)
EPS (β‚Ή)(1.29)
ParticularsFY 2018-19FY 2017-18FY 2016-17
Revenue59.5420.2067.58
Revenue growth+194.8%-70.1%-
Other income1.551.222.40
Total expenses58.6819.1264.78
Employee cost32.339.4917.26
EBITDA0.861.082.80
EBITDA margin+1.4%+5.4%+4.1%
Depreciation0.370.430.52
Interest0.830.790.59
Profit before tax1.211.084.09
Tax0.810.431.67
Net profit0.840.652.43
Net profit margin+1.4%+3.2%+3.6%
EPS (β‚Ή)0.472.0010.52
ParticularsFY 2018-19FY 2017-18FY 2016-17
Equity & liabilities
Share capital11.383.252.30
Reserves & surplus12.3920.088.03
Shareholders' funds (net worth)23.7723.3310.33
Minority interest0.030.160.17
Secured loans10.249.040.78
Unsecured loans0.260.381.38
Total debt10.509.422.16
Total liabilities34.2932.9012.65
Assets
Gross block4.303.943.50
Net block1.001.041.11
Capital work in progress0.490.160.00
Investments22.4124.219.88
Inventories0.500.000.00
Sundry debtors5.645.8916.49
Cash & bank balances7.421.060.33
Loans & advances3.263.430.98
Total current assets16.8210.3817.80
Total current liabilities9.835.6116.85
Net working capital6.994.770.95
Total assets34.2932.9012.65
ParticularsFY 2018-19FY 2017-18FY 2016-17
Opening cash1.060.330.54
Net cash from operating activities6.43(3.07)(0.66)
Net cash from investing activities1.80(13.50)0.01
Net cash from financing activities(1.87)17.290.45
Net change in cash6.360.72(0.21)
Closing cash7.421.060.33
ParticularsFY 2018-19FY 2017-18FY 2016-17
Growth
Sales growth+194.8%-70.1%-
EBITDA growth-20.4%-61.4%-
PBT growth+12.0%-73.6%+9997.0%
Net income growth+29.2%-73.3%-
Profitability & leverage
Net income margin+0.7%+3.2%+3.6%
Return on capital employed+8.9%+8.3%+37.3%
Return on net worth+3.1%+3.9%+23.3%
Debt / equity0.420.340.21
Long-term debt / equity0.370.340.20
Interest cover169.39121.5425.88
Efficiency & per share
Fixed asset turnover14.455.4319.31
Inventory turnover238.160.000.00
Debtors turnover10.331.814.10
EPS (β‚Ή)0.472.0010.52
Dividend per share (β‚Ή)0.200.000.00
Book value per share (β‚Ή)20.8971.7744.89
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue46.2852.0513813513410767.4259.68
Revenue growth (YoY)-65.4%-51.4%+104.0%+126.6%+100.9%+72.5%--
Other income1.280.550.990.904.333.232.897.09
Total expenses44.1449.3013412912810359.4253.22
EBITDA2.142.753.446.085.244.548.006.46
EBITDA margin+4.6%+5.3%+2.5%+4.5%+3.9%+4.2%+11.9%+10.8%
Depreciation2.042.032.112.333.964.565.144.51
Interest0.710.740.840.721.411.731.681.77
Profit before tax0.670.531.483.934.201.484.077.27
Tax0.110.10(0.44)1.081.090.151.70(0.79)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue51325516720010985.5480.62
Revenue growth+101.1%+53.0%-16.7%+84.1%+27.1%+6.1%-
Other income9.4511.654.881.377.584.261.35
Total expenses49422613716293.7781.7280.37
Employee cost0.0051.4662.0211751.8346.2550.55
EBITDA19.3029.4129.7338.6214.943.820.25
EBITDA margin+3.8%+11.5%+17.8%+19.3%+13.7%+4.5%+0.3%
Depreciation12.9618.5519.2719.9811.062.630.29
Interest4.707.047.788.963.630.660.29
Profit before tax11.0915.477.5611.057.834.791.02
Tax1.881.922.402.652.001.691.56
Net profit9.2113.525.158.456.232.371.35
Net profit margin+1.8%+5.3%+3.1%+4.2%+5.7%+2.8%+1.7%
EPS (β‚Ή)7.2011.424.347.105.142.72(0.48)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital11.8711.8711.8711.8711.3811.3811.38
Reserves & surplus64.6957.0144.1337.0322.6216.7813.71
Shareholders' funds (net worth)76.5668.8856.0051.4434.0028.1625.09
Secured loans2.618.3412.278.195.784.464.78
Unsecured loans29.9486.0597.811171353.420.01
Total debt32.5594.391101251417.884.79
Total liabilities11416417317817637.1731.72
Assets
Gross block11615914915715715.315.41
Net block40.8997.361041201408.992.03
Capital work in progress0.000.000.000.270.000.000.00
Investments0.380.330.4135.0423.5221.0913.87
Inventories0.000.000.000.000.000.000.00
Sundry debtors44.9242.4736.9014.1617.873.034.10
Cash & bank balances19.4219.4713.933.152.793.9510.27
Loans & advances65.5627.6035.0723.9317.608.435.56
Total current assets13089.5485.9041.2438.2615.4119.93
Total current liabilities61.1530.2922.6720.1726.9814.068.61
Net working capital68.7559.2563.2321.0711.281.3511.32
Total assets11416417317817637.1731.72
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash10.242.713.152.793.9510.275.86
Net cash from operating activities23.8239.4021.60(18.67)12.485.65(0.90)
Net cash from investing activities45.65(9.31)(8.39)(10.84)(3.82)(10.08)4.82
Net cash from financing activities(61.19)(22.57)(13.64)29.86(9.82)(1.89)0.50
Net change in cash8.297.53(0.43)0.35(1.16)(6.32)4.41
Closing cash19.4219.4713.933.152.793.9510.27
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+101.1%+53.0%-16.7%+84.1%+27.1%+6.1%-
EBITDA growth-34.4%-1.1%-23.0%+158.5%+291.1%+1428.0%-
PBT growth-23.5%+104.6%-31.6%+41.1%+63.5%+369.6%-69.9%
Net income growth-31.9%+162.5%-39.1%+35.6%+162.9%+75.6%-
Revenue CAGR (3Y)+36.9%+32.9%+24.9%+35.4%+29.3%+62.4%+6.1%
EBITDA CAGR (3Y)-19.6%+25.3%+98.2%+436.6%+85.8%+42.2%-55.8%
Profitability & leverage
Net income margin+1.7%+5.3%+3.1%+4.2%+5.4%+3.6%-0.7%
Return on capital employed+11.9%+13.4%+8.7%+11.3%+10.8%+12.5%+15.2%
Return on net worth+12.3%+21.7%+9.6%+19.7%+18.8%+8.9%+5.3%
Debt / equity0.871.642.193.122.390.240.18
Long-term debt / equity0.681.271.702.531.930.040.00
Interest cover66.3864.8374.3848.0793.5655.46-725.00
Efficiency & per share
Fixed asset turnover3.731.661.091.271.268.2617.68
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover11.756.436.5412.5010.4023.9923.75
EPS (β‚Ή)7.5411.414.347.105.142.72(0.48)
Dividend per share (β‚Ή)0.490.490.490.000.490.000.00
Book value per share (β‚Ή)64.5158.0447.1941.2029.8924.7522.06

Web traffic of Riddhi Corporate

The website of Riddhi Corporate (riddhicorporate.co.in) receives about 1K visits a month.

  • Monthly visits
    1K

    ▼ 32.1% vs previous month

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Websites whose visitors overlap most with Riddhi Corporate. Affinity shows how closely the audiences match.

Top companies in Digital Transformation & Automation Services

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IT outsourcing services are delivered across multiple business lines.
2011Bengaluru, Karnataka, IndiaUSD 64.83 MUSD 246.74 M4,886
IT consulting, data analytics, and digital transformation services are provided.
1990Pune, Maharashtra, IndiaUSD 18.8 MUSD 1.59 B24,594
Provider of digital signature certificates, PKI, and e-signature solutions
2008Bengaluru, Karnataka, IndiaUSD 26.23 MUSD 76.01 M604
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Frequently Asked Questions about Riddhi Corporate

Riddhi Corporate was founded in 2010.

Riddhi Corporate is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.

Boban Mathew is the CEO of Riddhi Corporate, as recorded in our data.

Riddhi Corporate has 2,000 employees.

The primary company behind Riddhi Corporate, Riddhi Corporate Services Limited, reported revenue of β‚Ή523 Cr for FY 2026, up 101% year on year.

Riddhi Corporate was founded in 2010 and is based in Ahmedabad, India. Operations focus on the information technology sector, where diversified software services are delivered. Application development solutions are offered alongside ERP systems, HR management tools, payroll processing, and email infrastructure. These services support various business needs in the region, with leadership provided by executives including Boban Mathew and Nehal Kargatia.

Riddhi Corporate offers Logistics Solutions, Warehousing Services, Procurement Services, Back Office Support, and 4 more products and services.

Yes, Riddhi Corporate is publicly traded on BSE under the ticker symbol RIDDHICORP.

Riddhi Corporate operates through Riddhi Corporate Services Limited.

The legal entities of Riddhi Corporate currently have 10 directors, including Hardikkumar Vasantbhai Bhavsar, Pravinchandra Kodarlal Gor, Alpit Pravinchandra Gor and others.

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