About Rites
Rites is a company based in Pune (India) founded in 2003. It operates as a B2B. Rites offers products and services including Solar Energy Projects, Consultancy Services, and Software Development. Rites operates in a competitive market with competitors including Borosil Renewables, Servoteh, Nessa, SuKam Solar and HVR Solar, among others.
- Headquarter Pune, India
- SectorsEnergy & Utilities
- Website ritesindia.in
- Social LinkedIn
- Legal Name Rites Systems Private Limited
- Date of Incorporation 28 Oct, 2003
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹36.1 Lakh
FY 2019 · -43% YoY
- Net Profit₹49,735
FY 2019 · 1% margin
- EBITDA₹1.2 Lakh
FY 2019 · 3% margin
Associated legal entities of Rites
Rites operates through Rites Systems Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Rites Systems Private Limited CIN U72200PN2003PTC018504 | Active | 28 Oct 2003 | Pune, Maharashtra | ₹0.4 Cr | – | 2 | View details |
Products & Services of Rites
Rites offers a comprehensive portfolio of products and services, including Solar Energy Projects, Consultancy Services, and Software Development.
Manufacturing and installation of solar and LED products for energy needs.
Professional advice on product, project, and finance management methodologies.
Creation of scalable software solutions for business transformation needs.
Board of directors of Rites Systems Private Limited (Rites)
Rites Systems Private Limited is the primary company behind Rites. The board of Rites Systems Private Limited currently have 2 directors; the longest-serving is Shankar Tanaji Kadam, appointed in 2003. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shankar Tanaji Kadam DIN 06993390 | Director | 28 Oct 2003 | 22 yrs 11 mo | Rites Systems Private Limited |
| Dhanashri Shankar Kadam DIN 07849916 | Director | 15 Jun 2017 | 9 yrs 3 mo | Rites Systems Private Limited |
Financials of Rites
Figures of Rites Systems Private Limited, the primary company behind Rites, for FY 2019. Revenue was ₹36.1 Lakh (-43% year on year). Net profit was ₹49,735 (1% margin). EBITDA was ₹1.2 Lakh (3% margin). Revenue has grown at a compounded annual rate of -8% over three years.
- ₹36.1 LakhRevenue · FY 2019 · -43% YoY
- ₹49,735Net profit · 1% margin
- ₹1.2 LakhEBITDA · 3% margin
- ₹1 LakhPaid-up capital
- -8%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Rites Systems Private Limited are on its company page.
Detailed financial statements for Rites
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- Statement rows
- Financial ratios
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Competitors of Rites
Rites operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Borosil Renewables, Servoteh, Nessa, SuKam Solar and HVR Solar, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| borosilrenewables.com | 1962 | Mumbai, India | – | 762 | Solar glass is manufactured by Borosil Renewables for photovoltaic applications. | |
| servotech.in | 2004 | Delhi, India | – | 178 | Manufacturer of EV chargers, solar inverters, solar panels, batteries, servo stabilizers, UPS, and LEDs | |
| nessa.in | 2008 | Ahmedabad, India | $95,277 | 84 | Offers solar consumer goods | |
| sukam-solar.com | 1998 | Gurugram, India | $10.08M | 97 | Provider of range of products and services, including solar panels, inverters, and LED street lights for homes and industries | |
| hvrsolar.com | 2016 | Delhi, India | – | 59 | Manufactures solar panels, batteries, and modules for renewable energy solutions in India. | |
| gautamsolar.com | 1997 | Delhi, India | – | 19 | Manufactures solar modules and power plants with high-efficiency technology in India. | |
| ksolare.com | 2012 | Pune, India | – | 52 | Manufactures solar inverters and EV chargers for renewable energy solutions. | |
| dhashtec.com | 2017 | Bengaluru, India | – | 100 | Provides comprehensive solutions for PV junction boxes, connectors, and cables for solar panels. | |
| kosolenergie.com | 2005 | Ahmedabad, India | – | 92 | Manufactures solar products, provides renewable energy systems, and offers EPC services internationally. |
Detailed competitors of Rites
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- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Rites
The website of Rites (ritesindia.in) receives about 1K visits a month.
- Monthly visits1K
▲ 105.6% vs previous month
Similar companies to Rites
10 companies that operate in the same segment as Rites (Renewable & Sustainable Energy), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 1.96 B | – | – | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed and operated by Lightsource BP. | 2010 | London, England, United Kingdom | USD 417.9 M | – | – | |
Solar energy solutions and financing are provided for off-grid communities. | 2004 | Nairobi, Kenya | USD 118.02 M | USD 26.54 M | 103 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 374.18 M | USD 2.77 B | 8,690 | |
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | – | 1,276 | |
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Frequently Asked Questions about Rites
Rites was founded in 2003.
Rites is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
The primary company behind Rites, Rites Systems Private Limited, reported revenue of ₹36.1 Lakh for FY 2019, down 43% year on year.
Rites Systems Pvt. Ltd. is a manufacturer of solar and LED products, serving as a channel partner for Indias MNRE. They focus on renewable energy projects and innovation for social causes, while providing professional consultancy in product and project management, including finance advice. The company also develops reliable software solutions to transform businesses. Based in Pune, India, they deliver value through methodologies like Agile and Waterfall, targeting various industries without specifying clients.
Rites's top competitors include Servoteh, Borosil Renewables and SuKam Solar.
Rites offers Solar Energy Projects, Consultancy Services, and Software Development.
Rites operates through Rites Systems Private Limited.
The legal entities of Rites currently have 2 directors, including Shankar Tanaji Kadam, Dhanashri Shankar Kadam.