DPIIT recognised startup Government of India
Startup India
Riddhi Electrosys LLP
Riddhi Electrosys LLP - information technology in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹59.98 Cr
▲ 46% YoY
Net profit · FY 2023
₹25.8 Lakh
Net margin 0.4%
EBITDA · FY 2023
-₹14.13 Cr
EBITDA margin -23.6%
Contribution obligation
₹10 Lakh
As per LLP agreement
Open charges
₹4.6 Cr
Satisfied ₹3 Cr
LLP age
9 yrs
Est. 2017
Designated partners
3
As per MCA filings
Active GSTINs
2
GST registered
About Riddhi Electrosys LLP
Data last updated:
Riddhi Electrosys LLP is a limited liability partnership (LLP) based in Surat, Gujarat, India, recognised as a startup by DPIIT. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 08 March 2017 and has been in existence for over 9 years.
The LLP is registered with the Registrar of Companies (ROC), Ahmedabad, under LLPIN AAI-7700. Its GSTIN is 24AAVFR5275R1Z2 (Gujarat). The LLP holds 2 GST registrations, all of them active.
The LLP has a total obligation of contribution of ₹10 Lakh. It is led by designated partners including Ravi Shashikant Gandhi and Kalpeshkumar Ashwinbhai Manvar.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at 1st Fl. Office – 101 Sundaram Square Darji Sheri Nr.Hills Nursery Nanpura, Surat, Gujarat, India – 395001.
As per the financials filed for FY 2023, the LLP reported a revenue of ₹59.98 Cr, a growth of 46% compared to the previous year. For the same year it recorded a net profit of ₹25.8 Lakh (net margin 0.4%) and EBITDA of -₹14.13 Cr (EBITDA margin -23.6%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 133% over five years.
As per MCA filings, the LLP has open charges of ₹4.6 Cr and satisfied charges of ₹3 Cr on record. Court records list 2 cases involving the LLP, including 2 filed by the LLP; 1 case is pending.
Riddhi Electrosys LLP is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0013741).
Company details
LLPIN AAI-7700
Incorporation Date 08 March 2017
Total Obligation of Contribution ₹10 Lakh
ROC Ahmedabad
Company Status Active
DPIIT Recognition Recognised Startup
MSME Classification Medium
Udyam Registration UDYAM-GJ-22-0013741
Key People
Ravi Shashikant Gandhi Designated Partner Kalpeshkumar Ashwinbhai Manvar Designated Partner Sharad Sunil Shah Designated Partner Recognitions & Rankings of Riddhi Electrosys
MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-22-0013741
Contact details
Riddhi Electrosys LLP's registered office is in Surat, Gujarat. Its e-mail address is in the company report.
- Email
- Registered Address1st Fl. Office – 101 Sundaram Square Darji Sheri Nr.Hills Nursery Nanpura, Surat, Gujarat, India – 395001
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Riddhi Electrosys LLP, buy the company report.
Comprehensive company report
Riddhi Electrosys LLP - one report that includes everything
- 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
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Financials of Riddhi Electrosys LLP
FY 2025 filings availableRiddhi Electrosys LLP reported revenue of ₹59.98 Cr (up 46% YoY) for FY 2023.
Revenue · FY 2023
₹59.98 Cr ▲ 46%
Net profit · FY 2023
₹25.8 Lakh margin 0.4%
EBITDA · FY 2023
-₹14.13 Cr margin -23.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 46%
3 years · compounded
▲ 32%
5 years · compounded
▲ 133%
Revenue has grown at a compounded annual rate (CAGR) of 133% over five years, including 46% growth 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
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Income and Expenditure | |||||
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| Tax | |||||
| Profit After Tax | ₹25.8 Lakh | ||||
| Profit Transferred to Partners | |||||
| Assets and Liabilities | |||||
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| Reserves and Surplus | |||||
| Secured Loans | |||||
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Financial Ratios
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 0.4% | ||||
| Return on Partners' Funds | |||||
| Return on Assets | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Debt to Partners' Funds | |||||
| Interest Coverage | |||||
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To see the full financial statements and ratios of Riddhi Electrosys LLP, buy the company report.
Designated partners of Riddhi Electrosys LLP
Riddhi Electrosys has 3 current designated partners and 1 former designated partner. Current designated partners are listed first, with their designation and appointment date.
Current Designated Partners
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Shashikant Gandhi Also directs: Rincom Tech India Private Limited | Designated Partner | 08 Mar 2017 | 9 Years 8 Months | Current |
| Kalpeshkumar Ashwinbhai Manvar Also directs: Rincom Tech India Private Limited | Designated Partner | 08 Mar 2017 | 9 Years 8 Months | Current |
| Sharad Sunil Shah Also directs: Rincom Tech India Private Limited | Designated Partner | 26 Apr 2025 | 1 Years 6 Months | Current |
Charges & borrowings
Open charges
₹4.6 Cr
Satisfied charges
₹3 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Oct 2025 | 101177973 | Axis Bank Limited | ₹80 Lakh | Open | |
| 27 Feb 2019 | 100246931 | State Bank of India | ₹3.8 Cr | Open | |
| 29 Mar 2018 | 100198633 | Visu Leasing and Finance Private Limited | ₹3 Cr | Satisfied |
To see the full charge records of Riddhi Electrosys LLP, buy the company report.
Total charge records: 3 View all charges
Legal cases
Riddhi Electrosys LLP has 2 court cases on record: 2 filed by Riddhi Electrosys. 1 case is pending and 1 is disposed.
Total cases
2
Filed by the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Riddhi Electrosys LLP, 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
No delayed payments to MSME suppliers are on our record for Riddhi Electrosys LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Riddhi Electrosys has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAVFR5275R1Z2 | Gujarat | Active | 01 Jul 2017 |
| 27AAVFR5275R1ZW | Maharashtra | Active | 16 Feb 2021 |
To see the full GST registrations and return filing status of Riddhi Electrosys LLP, buy the company report.
Recent activity
Riddhi Electrosys LLP has 4 designated partner changes on record since 2017: 3 appointments and 1 cessation. The latest: Sharad Sunil Shah was appointed as Designated Partner on 26 Apr 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 80.00 Lakh with Charge ID 101177973 was registered on 04 Oct 2025.
Appointed
Sharad Sunil Shah was appointed as Designated Partner.
Ceased
Sunil Manharlal Shah ceased to be Designated Partner.
AGM
Riddhi Electrosys Llp last Annual general meeting of members was held on 31 Mar 2025 as per latest MCA records.
Filing
Riddhi Electrosys Llp has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with State Bank Of India of Rs. 380.00 Lakh registered on 27 Feb 2019 with Charge ID 100246931 was modified on 19 Feb 2020.
Charges
A charge registered on 29 Mar 2018 via Charge ID 100198633 with Visu Leasing And Finance Private Limited was fully satisfied on 07 Mar 2019.
Charges
A charge with State Bank Of India amounted to Rs. 380.00 Lakh with Charge ID 100246931 was registered on 27 Feb 2019.
Charges
A charge with Visu Leasing And Finance Private Limited amounted to Rs. 300.00 Lakh with Charge ID 100198633 was registered on 29 Mar 2018.
Appointed
Kalpeshkumar Ashwinbhai Manvar was appointed as Designated Partner.
Appointed
Ravi Shashikant Gandhi was appointed as Designated Partner.
Incorporation
08 Mar 2017
Riddhi Electrosys Llp was registered on 08 Mar 2017 with Roc Ahmedabad & aged 9 years 8 months as per MCA records.
Frequently asked questions
Riddhi Electrosys is an active limited liability partnership based in Surat, Gujarat, India. The LLP works in IT products retail and distribution, within the information technology industry. It was incorporated on 08 March 2017 (9+ years old) and is registered under LLPIN AAI-7700.
Riddhi Electrosys has 3 current designated partners:
- Ravi Shashikant Gandhi - Designated Partner
- Kalpeshkumar Ashwinbhai Manvar - Designated Partner
- Sharad Sunil Shah - Designated Partner
The latest financial statements of Riddhi Electrosys on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 March 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Riddhi Electrosys is 24AAVFR5275R1Z2, registered in Gujarat. The LLP has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAVFR5275R1ZW (Maharashtra).
The LLPIN (Limited Liability Partnership Identification Number) of Riddhi Electrosys is AAI-7700. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Riddhi Electrosys has 2 court cases on record: 2 filed by the LLP. 1 is pending.
Riddhi Electrosys was incorporated on 08 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Sharad Sunil Shah was appointed as Designated Partner on 26 Apr 2025. Sunil Manharlal Shah ceased to be Designated Partner on 26 Apr 2025. Kalpeshkumar Ashwinbhai Manvar was appointed as Designated Partner on 08 Mar 2017. Riddhi Electrosys has 4 designated partner changes on record in total.
Yes, Riddhi Electrosys is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Riddhi Electrosys is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-22-0013741).
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