Rite Equipment Private Limited - Company Profile

It is a machinery and equipment private limited company based in Bangalore, Karnataka, India, established in 1992.
1992 Bangalore, Karnataka, India Active
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About Rite Equipment Private Limited

Rite Equipment Private Limited, a active private limited company, was established on 13 December 1992 in Bangalore, Karnataka, India. Engaging in industrial machinery retail & distribution within the manufacturing sector, it holds CIN: U74899KA1992PTC053947. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹0.20 M and a paid-up capital of ₹0.10 M.

It upholds a compliant status. Employing 95 professional, Its leadership includes Kanmani Sekar (Director), Velayutham Sekar (Director). It holds ₹19.70 Cr open charges and ₹11.93 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at No. 31, First Main, Domlur Layout,, Bangalore, Karnataka, 560071.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U74899KA1992PTC053947

  • Registration Number

    053947

  • Incorporation Date

    13 December 1992

  • Authorized Capital

    ₹0.20 M

  • Paid-Up Capital

    ₹0.10 M

  • ROC Code

    Roc Bangalore

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 0.20 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 33 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 19.70 Cr
  • Satisfied Charges ₹ 11.93 Cr
  • Revenue Growth **** 74.47%
  • Profit Growth **** 224.25%
  • Ebitda **** 62.55%
  • Net Worth 38.84%
  • Total Assets **** 39.35%
Company report

Rite Equipment Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Rite Equipment Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Rite Equipment Private Limited?
Current Directors
Name Designation Appointment Date Status
Kanmani Sekar Director 13 Dec 1992 Current
Velayutham Sekar Director 13 Dec 1992 Current

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Financial Performance of Rite Equipment.

Rite Equipment Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 74.47% increase. The company also saw a substantial improvement in profitability, with a 224.25% increase in profit. The company's net worth Soared by an impressive increase of 38.84%.

Rite Equipment revenue growth over time
Rite Equipment profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 74.47%
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Revenue from Operations
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 75.31%
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Total Assets
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 39.35%
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*******
Profit or Loss
*******
 224.25%
*******
*******
*******
*******
Net Worth
*******
 38.84%
*******
*******
*******
*******
EBITDA
*******
 62.55%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Rite Equipment?

In 2023, Rite Equipment had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹197,000,000.00

Satisfied Charges

₹119,250,000.00

Charges Breakdown by Lending Institutions
  • Hdfc Bank Limited : 19.70 Cr
Latest Charge Details
Date Lender Amount Status
15 Jun 2023 Hdfc Bank Limited ₹19.70 Cr Open
06 Sep 2017 Others ₹9.80 Cr Satisfied
26 Nov 2015 Hdfc Bank Limited ₹1.25 Cr Satisfied
06 Aug 2012 Hdfc Bank Limited ₹7.50 M Satisfied
21 Aug 2004 Syndicate Bank ₹1.25 M Satisfied

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How Many Employees Work at Rite Equipment?

Rite Equipment has a workforce of 95 employees as of Apr 01, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Rite Equipment, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Rite Equipment's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Rite Equipment
Recent Activity within the Organization
  • Annual General Meeting

    Progress on Rite Equipment Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was documented.

  • Balance Sheet

    Rite Equipment Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore. was recorded as a recent event.

  • Charges

    Progress on A charge with Hdfc Bank Limited of Rs. 197.00 M registered on 15 Jun 2023 with Charge ID 100752246 was modified on 22 Feb 2024. was documented.

  • Charges

    A charge registered on 06 Sep 2017 via Charge ID 100129012 with Others was fully satisfied on 18 Jul 2023. was recorded as a recent event.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 197.00 M with Charge ID 100752246 was registered on 15 Jun 2023. was recorded as a recent event.

  • Charges

    A charge registered on 21 Aug 2004 via Charge ID 90044331 with Syndicate Bank was fully satisfied on 21 Jul 2022. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Rite Equipment Private Limited?

The CIN of Rite Equipment Private Limited is U74899KA1992PTC053947.

Where is Rite Equipment Private Limited headquartered?

Rite Equipment Private Limited is headquartered at No. 31, First Main, Domlur Layout,, Bangalore, Karnataka, 560071.

When was Rite Equipment Private Limited incorporated?

Rite Equipment Private Limited was incorporated on 13 December 1992.

Who are the current directors of Rite Equipment Private Limited?

The current directors of Rite Equipment Private Limited are

What is the primary industry of Rite Equipment Private Limited?

The primary industry of Rite Equipment Private Limited is Manufacturing.

Is Rite Equipment Private Limited a listed company?

Rite Equipment Private Limited is unlisted.

What is the capital structure of Rite Equipment Private Limited?

The authorized capital of Rite Equipment Private Limited is ₹0.20 M, and the paid-up capital is ₹0.10 M.

What is the compliance status of Rite Equipment Private Limited?

The compliance status of Rite Equipment Private Limited is Compliant.

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