About Rite Equipment
Rite Equipment is an Industrial Goods & Manufacturing company based in Bengaluru (India) founded in 1990. Provider of diversified food service equipment. It operates on a Foodservice Equipment model. The company has 95 employees. Its chief executive, as recorded, is Velayutham Shekhar. Its Indian entity Rite Equipment Private Limited reported revenue of ₹48.04 Cr. Rite Equipment offers products and services including Rite Equipment Platform. Its focus areas include Machinery and Equipment, Foodservice Equipment, Food and Agriculture and Diversified.
Company details
Rite Equipment operates with a Foodservice Equipment model, focusing on machinery and equipment, foodservice equipment, foodservice equipment, and food and agriculture. Provider of diversified food service equipment. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Bengaluru, India
- Employees 95
- SectorsIndustrial Goods & Manufacturing
- Website rite-equipment.com
- Legal Name Rite Equipment Private Limited
- Date of Incorporation 13 Dec, 1992
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹48.04 Cr
FY 2022 · +100% YoY
- Net Profit₹6.17 Cr
FY 2022 · 11% margin
- EBITDA₹7.64 Cr
FY 2022 · 14% margin
- Employee Count95
Associated legal entities of Rite Equipment
Rite Equipment operates through Rite Equipment Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Rite Equipment Private Limited CIN U74899KA1992PTC053947 | Active | 13 Dec 1992 | Bangalore, Karnataka | ₹48.0 Cr | 95 | 2 | View details |
Products & Services of Rite Equipment
Rite Equipment offers a comprehensive portfolio of products and services, including Rite Equipment Platform.
Provider of diversified food service equipment
Board of directors of Rite Equipment Private Limited (Rite Equipment)
Rite Equipment Private Limited is the primary company behind Rite Equipment. The board of Rite Equipment Private Limited currently have 2 directors; the longest-serving is Kanmani Sekar, appointed in 1992.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kanmani Sekar DIN 00814740 | Director | 13 Dec 1992 | 33 yrs 10 mo | Rite Equipment Private Limited |
| Velayutham Sekar DIN 00814795 | Director | 13 Dec 1992 | 33 yrs 10 mo | Rite Equipment Private Limited |
People of Rite Equipment
1 people are tracked at Rite Equipment (1 in leadership); the tracked headcount is 95.
| Name | Role | Group |
|---|---|---|
Velayutham Shekhar | CEO | Leadership |
Complete people profiles for Rite Equipment
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
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Financials of Rite Equipment
Figures of Rite Equipment Private Limited, the primary company behind Rite Equipment, for FY 2022. Revenue was ₹48.04 Cr (+100% year on year). Net profit was ₹6.17 Cr (11% margin). EBITDA was ₹7.64 Cr (14% margin). Revenue has grown at a compounded annual rate of -2% over three years and +23% over five years.
- ₹48.04 CrRevenue · FY 2022 · +100% YoY
- ₹6.17 CrNet profit · 11% margin
- ₹7.64 CrEBITDA · 14% margin
- ₹1 LakhPaid-up capital
- 95Employees (provident fund records)
- -2%Revenue CAGR, 3 years
- +23%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Rite Equipment Private Limited are on its company page.
Detailed financial statements for Rite Equipment
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Rite Equipment
Rite Equipment was founded in 1990.
Rite Equipment is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Velayutham Shekhar is the CEO of Rite Equipment, as recorded in our data.
Rite Equipment has 95 employees.
The primary company behind Rite Equipment, Rite Equipment Private Limited, reported revenue of ₹48.04 Cr for FY 2022, up 100% year on year.
Rite Equipment operates with a Foodservice Equipment model, focusing on machinery and equipment, foodservice equipment, foodservice equipment, and food and agriculture. Provider of diversified food service equipment. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Rite Equipment offers Rite Equipment Platform.
Rite Equipment operates through Rite Equipment Private Limited.
The legal entities of Rite Equipment currently have 2 directors, including Kanmani Sekar, Velayutham Sekar.