Lits Distribution & Services Private Limited
About Lits Distribution & Services Private Limited
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Lits Distribution & Services Private Limited is a private limited company based in Kannur, Kerala, India. It operates in the software development and IT solutions segment of the software and technology sector. It was incorporated on 17 December 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72200KL2019PTC060791. Its GSTIN is 32AAFCI5072A1Z4 (Kerala).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Iax & Lits Services (Opc) Private Limited. It is led by directors Kalathintavida Puthiyapurayil Riyas (Managing Director) and Thayale Kallalam Abdul Rasheed.
Its last annual general meeting (AGM) was held on 20 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Kannur, Kerala.
As per the financials filed for FY 2024, the company reported a revenue of ₹36,000, a growth of 126% compared to the previous year. For the same year it recorded a net loss of ₹23,743 (net margin -66%) and EBITDA of -₹23,035 (EBITDA margin -64%). Revenue has declined at a compounded annual rate (CAGR) of 49% over three years.
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- Registered AddressCp VI 703F, Sreenandana Building Erummal Vayal, Kannur, Kerala, India – 670011
- IndustrySoftware, Software Development, Software Publishing
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Lits Distribution & Services Private Limited
The main business activity of Lits Distribution & Services is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
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 Lits Distribution & Services Private Limited FY 2025 filings available
Lits Distribution & Services Private Limited reported revenue of ₹36,000 (up 126% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Lits Distribution & Services Private Limited
Revenue rose 126% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 49%. EBITDA rose 90% 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 Lits Distribution & Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹23,035 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹23,743 | •••• | •••• | •••• | •••• |
| 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 Lits Distribution & Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -64% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -66% | •••• | •••• | •••• | •••• |
| 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 Lits Distribution & Services are in the company report.
Financial statements from FY 2020
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.
Peer Comparison of Lits Distribution & Services Private Limited
Lits Distribution & Services Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other information & communication service activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Saheva Corporate (OPC) Private Limited | ₹36,072 (FY 2024) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Gangotri Overseas Private Limited | ₹36,043 (FY 2024) | •••• | •••• | -69.0% | •••• | New Delhi, Delhi, India |
| Dais Informatics Private Limited | ₹36,042 (FY 2025) | •••• | •••• | 134.0% | •••• | Noida, Uttar Pradesh, India |
| Adr Software Private Limited | ₹36,007 (FY 2016) | •••• | •••• | -100.0% | •••• | Hyderabad, Telangana, India |
| Lits Distribution & Services Private Limited this company | ₹36,000 (FY 2024) | •••• | •••• | 126.0% | •••• | Kannur, Kerala, India |
| Peoplelead Consulting Private Limited | ₹36,000 (FY 2018) | •••• | •••• | -91.0% | •••• | Bangalore, Karnataka, India |
| Third Law Media Private Limited | ₹36,000 (FY 2022) | •••• | •••• | -87.0% | •••• | Kolkata, West Bengal, India |
| Microchip Payments Private Limited | ₹36,000 (FY 2024) | •••• | •••• | -95.0% | •••• | Hubli, Karnataka, India |
| Albito Tech Private Limited | ₹36,000 (FY 2025) | •••• | •••• | -98.0% | •••• | Thopumpady, Kerala, India |
| Dimiv Soft Private Limited | ₹36,000 (FY 2025) | •••• | •••• | •••• | Mohali, Punjab, India | |
| Sarrika Consulting Services Private Limited | ₹35,870 (FY 2025) | •••• | •••• | 40.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Lits Distribution & Services by revenue in the same principal business activity (Other information & communication service activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Lits Distribution & Services Private Limited
Lits Distribution & Services has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thayale Kallalam Abdul Rasheed | Additional Director | 10 Nov 2024 | 1 Years 11 Months | Current |
| Kalathintavida Puthiyapurayil Riyas | Managing Director | 10 Nov 2024 | 1 Years 11 Months | Current |
Ownership and Shareholding of Lits Distribution & Services Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Lits Distribution & Services Private Limited
Lits Distribution & Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Lits Distribution & Services Private Limited
Employment history and EPFO contributions of people linked to Lits Distribution & Services.
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.
CIN History of Lits Distribution & Services Private Limited
Lits Distribution & Services has one previous CIN (Corporate Identification Number): U72200KL2019OPC060791. The current CIN is U72200KL2019PTC060791, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200KL2019PTC060791 | Current |
| U72200KL2019OPC060791 | Previous |
Recent Activity on Lits Distribution & Services Private Limited
Lits Distribution & Services Private Limited has 7 board changes on record since 2021: 3 appointments and 4 cessations. The latest: Kalathintavida Puthiyapurayil Riyas ceased to be Additional Director on 28 Nov 2024.
Credit Ratings, Litigation & Regulatory Alerts for Lits Distribution & Services Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Lits Distribution & Services Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Lits Distribution & Services Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Lits Distribution & Services Private Limited
Lits Distribution & Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAFCI5072A1Z4 | Kerala | Active | 15 Jun 2022 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Lits Distribution & Services Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Lits Distribution & Services Private Limited
Lits Distribution & Services is an active private limited company based in Kannur, Kerala, India. The company works in software development, within the software industry. It was incorporated on 17 December 2019 (7+ years old) and is registered under CIN U72200KL2019PTC060791.
Lits Distribution & Services reported revenue of ₹36,000 for FY 2024 (up 126% YoY).
Lits Distribution & Services has 2 current directors:
- Kalathintavida Puthiyapurayil Riyas - Managing Director
- Thayale Kallalam Abdul Rasheed - Additional Director
Lits Distribution & Services reported a net loss of ₹23,743 (net margin -66%) and EBITDA of -₹23,035 (EBITDA margin -64%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Lits Distribution & Services is -49% over three years. In the latest year (FY 2024) revenue rose 126%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Lits Distribution & Services is 32AAFCI5072A1Z4, registered in Kerala.
The CIN (Corporate Identification Number) of Lits Distribution & Services is U72200KL2019PTC060791. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lits Distribution & Services was incorporated on 17 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Lits Distribution & Services by revenue are Saheva Corporate (OPC) Private Limited, Gangotri Overseas Private Limited, Dais Informatics Private Limited, Adr Software Private Limited, Peoplelead Consulting Private Limited and 5 more, all in the same principal business activity (Other information & communication service activities).
Kalathintavida Puthiyapurayil Riyas ceased to be Additional Director on 28 Nov 2024. Kalathintavida Puthiyapurayil Riyas was appointed as Managing Director on 10 Nov 2024. Thayale Kallalam Abdul Rasheed was appointed as Additional Director on 10 Nov 2024. Lits Distribution & Services has 7 board changes on record in total.
The registered office of Lits Distribution & Services is at Cp VI 703F, Sreenandana Building Erummal Vayal, Kannur, Kerala, India – 670011.