About Riit Solutions Private Limited
Data last updated:
Riit Solutions Private Limited is a private limited company based in Pune, Maharashtra, India, recognised as a startup by DPIIT. It operates in the online education and learning platforms segment of the internet and digital services sector. It was incorporated on 30 January 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72200PN2015PTC153877. Its GSTIN is 27AAHCR3000P1Z9 (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.25 Lakh. It is led by directors Deeplaxmi Shantanu Phadke and Shantanu Dattatraya Phadke.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Fl C – 3/103 Kumar Parisar Kothrud S 59/2/1 59/2/2 – 8 60/2/1, Pune, Maharashtra, India – 411029.
As per the financials filed for FY 2021, the company reported a revenue of ₹93.65 Lakh, a decline of 41% compared to the previous year. For the same year it recorded a net loss of ₹1.05 Lakh (net margin -1.1%) and EBITDA of ₹5.43 Lakh (EBITDA margin 5.8%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 62% over five years.
The company is associated with 1 brand: RIIT Solutions. Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website riitsolutions.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressFl C – 3/103 Kumar Parisar Kothrud S 59/2/1 59/2/2 – 8 60/2/1, Pune, Maharashtra, India – 411029
- IndustryInternet, Online Education & Learning Platforms
- 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 Riit Solutions Private Limited
The main business activity of Riit Solutions is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | 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 Riit Solutions Private Limited FY 2021 filings available
Riit Solutions Private Limited reported revenue of ₹93.65 Lakh (down 41% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Riit Solutions Private Limited
Revenue fell 41% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 62%. EBITDA fell 29% 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 Riit Solutions Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹93.65 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹5.43 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.05 Lakh | •••• | •••• | •••• | •••• |
| 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 Riit Solutions Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -1.1% | •••• | •••• | •••• | •••• |
| 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 Riit Solutions are in the company report.
Financial statements from 2015
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 Riit Solutions Private Limited
Riit Solutions Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Education). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pharmavision Education Private Limited | ₹94.01 Lakh (FY 2025) | •••• | •••• | 17.0% | •••• | Ahmedabad, Gujarat, India |
| Verapoly Navadarsan Education Nidhi Limited | ₹93.98 Lakh (FY 2024) | •••• | •••• | 34.0% | •••• | Ernakulam, Kerala, India |
| Brainedge Education Private Limited | ₹93.97 Lakh (FY 2025) | •••• | •••• | -44.0% | •••• | Chandigarh, India |
| Param Education & Social Foundation | ₹93.82 Lakh (FY 2024) | •••• | •••• | -4.0% | •••• | Hyderabad, Telangana, India |
| Kaysons Education Private Limited | ₹93.66 Lakh (FY 2021) | •••• | •••• | -33.0% | •••• | Moradabad, Uttar Pradesh, India |
| Riit Solutions Private Limited this company | ₹93.65 Lakh (FY 2021) | •••• | •••• | -41.0% | •••• | Pune, Maharashtra, India |
| Brilliance Formative Education Foundation | ₹93.5 Lakh (FY 2024) | •••• | •••• | 1193.0% | •••• | Greater Noida West, Uttar Pradesh, India |
| J&R Aims Education Private Limited | ₹92.95 Lakh (FY 2025) | •••• | •••• | 65.0% | •••• | Ernakulam, Kerala, India |
| Gadsing Healthcare & Education Private Limited | ₹92.91 Lakh (FY 2025) | •••• | •••• | 52.0% | •••• | Nashik, Maharashtra, India |
| Finguru Education Private Limited | ₹92.86 Lakh (FY 2025) | •••• | •••• | 9.0% | •••• | New Delhi, Delhi, India |
| Consortium for Medical Research & Education Private Limited | ₹92.75 Lakh (FY 2025) | •••• | •••• | -21.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Riit Solutions by revenue in the Ecommerce and Internet industry (Education), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Riit Solutions Private Limited
Riit Solutions Private Limited is audited by P R DESHPANDE AND CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P R DESHPANDE AND CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Riit Solutions Private Limited
Riit Solutions has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deeplaxmi Shantanu Phadke | Director | 08 Jul 2021 | 5 Years 3 Months | Current |
| Shantanu Dattatraya Phadke Also directs: Progressive Village Movement Foundation | Director | 30 Jan 2015 | 11 Years 8 Months | Current |
Ownership and Shareholding of Riit Solutions 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 Riit Solutions Private Limited
Riit Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Riit Solutions Private Limited
Riit Solutions Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Aditya Birla Finance Limited | Disposed |
| District court, South East, Delhi | Cheque dishonour complaint | Filed against the company by Aditya Birla Finance Limited | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Riit Solutions Private Limited
Riit Solutions operates one associated brand: RIIT Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive educational platforms for classroom tutoring institutes. | riitsolutions.com |
Employees and EPFO Compliance at Riit Solutions Private Limited
Employment history and EPFO contributions of people linked to Riit Solutions.
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.
Recent Activity on Riit Solutions Private Limited
Riit Solutions Private Limited has 5 board changes on record since 2015: 2 appointments and 3 cessations. The latest: Deeplaxmi Shantanu Phadke ceased to be Additional Director on 30 Nov 2021.
Credit Ratings, Litigation & Regulatory Alerts for Riit Solutions 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 Riit Solutions 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 Riit Solutions 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 Riit Solutions Private Limited
Riit Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCR3000P1Z9 | Maharashtra | Active | 01 Jul 2017 |
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 Riit Solutions 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 Riit Solutions Private Limited
Riit Solutions is an active private limited company based in Pune, Maharashtra, India. The company works in online education and learning platforms, within the internet industry. It was incorporated on 30 January 2015 (11+ years old) and is registered under CIN U72200PN2015PTC153877.
Riit Solutions reported revenue of ₹93.65 Lakh for FY 2021 (down 41% YoY).
Riit Solutions has 2 current directors:
- Deeplaxmi Shantanu Phadke - Director
- Shantanu Dattatraya Phadke - Director
Riit Solutions reported a net loss of ₹1.05 Lakh (net margin -1.1%) and EBITDA of ₹5.43 Lakh (EBITDA margin 5.8%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Riit Solutions is 31% over three years and 62% over five years. In the latest year (FY 2021) revenue fell 41%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Riit Solutions is 27AAHCR3000P1Z9, registered in Maharashtra.
The CIN (Corporate Identification Number) of Riit Solutions is U72200PN2015PTC153877. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Riit Solutions has 2 court cases on record: 2 filed against it.
Riit Solutions was incorporated on 30 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Riit Solutions by revenue are Pharmavision Education Private Limited, Verapoly Navadarsan Education Nidhi Limited, Brainedge Education Private Limited, Param Education & Social Foundation, Kaysons Education Private Limited and 5 more, all in the Ecommerce and Internet industry (Education).
Deeplaxmi Shantanu Phadke ceased to be Additional Director on 30 Nov 2021. Deeplaxmi Shantanu Phadke was appointed as Director on 08 Jul 2021. Niranjanprasad Anant Khare ceased to be Director on 25 May 2018. Riit Solutions has 5 board changes on record in total.