About Rite Developers Private Limited
Data last updated:
Rite Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 01 February 2002.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45201MH2002PTC134760. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.6 Cr and a paid-up capital of ₹1.07 Cr. It is led by directors including Pratik Shantilal Jiyani and Nilesh Rajendra Kothari (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2019, the company reported a revenue of ₹34.99 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹1.25 Cr (net margin 3.6%) and EBITDA of ₹2.43 Cr (EBITDA margin 6.9%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years.
The company has about 1 employee on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
As per MCA filings, the company has satisfied charges of ₹24.02 Cr on record. Court records list 79 cases involving the company, including 17 filed by the company and 62 filed against it; 26 cases are pending.
The last known website on record is rite.in.
Company details
Contact details
Rite Developers Private Limited's registered office is in Mumbai, Maharashtra. Its website is rite.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShop No 27 1st Floor Rite Bliss Kandivali Dattatray Chsl Dhanukarwadi, Kandivali, Mumbai, Maharashtra, India – 400067
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Rite Developers Private Limited, buy the company report.
- 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
Business activity
The main business activity of Rite Developers is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Rite Developers Private Limited, buy the company report.
Financials of Rite Developers Private Limited
FY 2019 filings availableRite Developers Private Limited reported revenue of ₹34.99 Cr (up 26% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 26% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 23%. EBITDA fell 86% 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
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹34.99 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.43 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.25 Cr | ||||
| 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
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.9% | ||||
| Net Profit Margin | 3.6% | ||||
| 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 | |||||
To see the full financial statements and ratios of Rite Developers Private Limited, buy the company report.
Board of directors of Rite Developers Private Limited
Rite Developers has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pratik Shantilal Jiyani | Director | 30 Nov 2020 | 5 Years 10 Months | As last reported |
| Nilesh Rajendra Kothari | Irp/Rp/Liquidator | 31 May 2024 | 2 Years 4 Months | As last reported |
| Chandrashekhar Balaji Parte | Additional Director | 01 Nov 2022 | 3 Years 11 Months | As last reported |
| Amit Vijay Karia Also directs: Incorp Restructuring Services LLP, Organic Recycling Systems Limited, Solapur Bioenergy Systems Private Limited and 1 more | Irp/Rp/Liquidator | 28 Sep 2023 | 3 Years 0 Months | As last reported |
Peer comparison
Rite Developers Private Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Elv Projects Private Limited | ₹35.11 Cr (FY 2025) | 21.0% | Bangalore, Karnataka, India | |||
| VSK Infrastructures Private Limited | ₹35.04 Cr (FY 2024) | 34.0% | New Delhi, Delhi, India | |||
| Rite Developers Private Limitedthis company | ₹34.99 Cr (FY 2019) | ₹1.25 Cr | 3.6% | 26.0% | 1 | Mumbai, Maharashtra, India |
| Abjibapa Infraspace Private Limited | ₹34.92 Cr (FY 2025) | 50.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Rite Developers Private Limited, buy the company report.
Auditor
Rite Developers Private Limited is audited by C.S MEHTA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C.S MEHTA & CO | FY 2019 | 003914 |
Shareholding
The shareholding of Rite Developers Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Rite Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Sep 2016 | 100077588 | Others | ₹5.02 Cr | Satisfied | |
| 31 Dec 2015 | 10610667 | Edelweiss Housing Finance Limited | ₹8.5 Cr | Satisfied | |
| 30 Nov 2015 | 10615185 | Janaseva Sahakari Bank (Borvli) Ltd | ₹50 Lakh | Satisfied | |
| 09 Oct 2015 | 10611477 | Indiabulls Housing Finance Limited | ₹5 Cr | Satisfied | |
| 12 Feb 2015 | 10566659 | Janaseva Sahakari Bank( Borivli) Ltd. | ₹95 Lakh | Satisfied |
To see the full charge records of Rite Developers Private Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Rite Developers Private Limited has 79 court cases on record: 17 filed by Rite Developers, 62 filed against it. 26 cases are pending and 53 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 39 | 25 | 14 |
| District courts | 36 | 35 | 10 |
| Supreme Court | 2 | 1 | 2 |
| NCLT | 1 | 0 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 79)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Pragati Infrasquare LLP | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Shrem Investments Pvt. Ltd. 1101 Viraj Tower Junction of Andheri Kurla Road Western Express Highway Andheri East, Mumbai 400069 , , Other and 1 other | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed by the company against Arpan Mahesh Kumar Shah Resolution Professional, Anuradha Real Estate Developers Private Limited 1069, Near Balaji School, VLG Malad West, BHD Eveshine Mall, Mumbai - 400064 ,Mumbai , Maharashtra and 1 other | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Dewan Housing Finance Corporation Ltd. (DHFL) Th. Amol Walawalkar | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by Krishna Global Marbles and Stones LLP | Disposed |
To see the full case history of Rite Developers Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Rite Developers Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Rite Developers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Rite Developers has 3 subsidiary companies. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Rite Yashodanand Realtors Private Limited | U27320MH2008PTC182978 | |
| Rite Builtec Private Limited | U45100MH2004PTC162319 | |
| Rite Yashodanand Buildcon Private Limited | U45100MH2009PTC197853 |
To see the full group structure of Rite Developers Private Limited, buy the company report.
Employees & EPFO
Rite Developers Private Limited has a workforce of 1 employees on its EPFO records as of Sep 02, 2025, across 1 active EPFO establishment.
GST
Rite Developers has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Rite Developers Private Limited, buy the company report.
Recent activity
Rite Developers Private Limited has 15 board changes on record since 2015: 4 appointments and 11 cessations. The latest: Nilesh Rajendra Kothari was appointed as Irp/Rp/Liquidator on 31 May 2024.
27 earlier events are in the company report.
Frequently asked questions
Rite Developers is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Rite Developers is a company under liquidation, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 01 February 2002 and is registered under CIN U45201MH2002PTC134760. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Rite Developers has 4 current directors:
- Pratik Shantilal Jiyani - Director
- Chandrashekhar Balaji Parte - Additional Director
- Nilesh Rajendra Kothari - Irp/Rp/Liquidator
- Amit Vijay Karia - Irp/Rp/Liquidator
The latest financial statements of Rite Developers on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Rite Developers is U45201MH2002PTC134760. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rite Developers has no open charges and satisfied charges of ₹24.02 Cr as per latest MCA filings.
Rite Developers has 79 court cases on record: 17 filed by the company and 62 filed against it. 26 are pending. Most are in the high courts.
Rite Developers was incorporated on 01 February 2002. It is registered with the Registrar of Companies, Mumbai.
The peers of Rite Developers by revenue are Elv Projects Private Limited, VSK Infrastructures Private Limited, Abjibapa Infraspace Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Nilesh Rajendra Kothari was appointed as Irp/Rp/Liquidator on 31 May 2024. Amit Vijay Karia was appointed as Irp/Rp/Liquidator on 28 Sep 2023. Chandrashekhar Balaji Parte was appointed as Additional Director on 01 Nov 2022. Rite Developers has 15 board changes on record in total.
Rite Developers has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 31 May 2019.
Rite Developers can be reached through the website rite.in. Its registered office is in Mumbai, Maharashtra, India.