About Rite Equipment Private Limited
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Rite Equipment Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 13 December 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74899KA1992PTC053947. Its GSTIN is 29AAACR1177J1Z6 (Karnataka). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kanmani Sekar and Velayutham Sekar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 31 First Main Domlur Layout, Bangalore, Karnataka, India – 560071.
As per the financials filed for FY 2022, the company reported a revenue of ₹48.04 Cr, a growth of 100% compared to the previous year. For the same year it recorded a net profit of ₹6.17 Cr (net margin 12.9%) and EBITDA of ₹7.64 Cr (EBITDA margin 15.9%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 23% over five years.
The company has about 95 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Rite Equipment. As per MCA filings, the company has open charges of ₹19.7 Cr and satisfied charges of ₹11.93 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rite-equipment.com.
Company details
CIN history
Rite Equipment has one previous CIN (Corporate Identification Number): U74899DL1992PTC051507. The current CIN is U74899KA1992PTC053947, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899KA1992PTC053947 | Current |
| U74899DL1992PTC051507 | Previous |
Contact details
Rite Equipment Private Limited's registered office is in Bangalore, Karnataka. Its website is rite-equipment.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 31 First Main Domlur Layout, Bangalore, Karnataka, India – 560071
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
To see the full contact details of Rite Equipment 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
Brands
Rite Equipment operates one associated brand: Rite Equipment. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of diversified food service equipment | rite-equipment.com |
Business activity
The main business activity of Rite Equipment is manufacturing. In detail, this covers repair & installation of machinery & equipment, motor vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles |
To see the full business activity and turnover split of Rite Equipment Private Limited, buy the company report.
Financials of Rite Equipment Private Limited
FY 2024 filings availableRite Equipment Private Limited reported revenue of ₹48.04 Cr (up 100% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 100% growth in the latest year. EBITDA rose 178% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹48.04 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹7.64 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.17 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.9% | ||||
| Net Profit Margin | 12.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Rite Equipment Private Limited, buy the company report.
Board of directors of Rite Equipment Private Limited
Rite Equipment has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kanmani Sekar Also directs: Hoeller Manufacturing India Private Limited | Director | 13 Dec 1992 | 33 Years 10 Months | Current |
| Velayutham Sekar | Director | 13 Dec 1992 | 33 Years 10 Months | Current |
Auditor
Rite Equipment Private Limited is audited by Girisha and Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Girisha and Co | FY 2022 | 220541 |
Shareholding
The shareholding of Rite Equipment Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rite Equipment Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jun 2023 | 100752246 | Hdfc Bank Limited | ₹19.7 Cr | Open | |
| 06 Sep 2017 | 100129012 | Others | ₹9.8 Cr | Satisfied | |
| 26 Nov 2015 | 10609391 | Hdfc Bank Limited | ₹1.25 Cr | Satisfied | |
| 06 Aug 2012 | 10371298 | Hdfc Bank Limited | ₹75 Lakh | Satisfied | |
| 21 Aug 2004 | 90044331 | Syndicate Bank | ₹12.5 Lakh | Satisfied |
To see the full charge records of Rite Equipment Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Rite Equipment Private Limited has 3 court cases on record: 3 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Court case (RCA DJ) | Filed against the company by Link Logistics Management Pvt Ltd | Pending |
| District court, New Delhi, Delhi | Civil suit | Filed against the company by Link Logistics Management Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Rite Equipment 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
No delayed payments to MSME suppliers are on our record for Rite Equipment Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Rite Equipment Private Limited has a workforce of 95 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Rite Equipment has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACR1177J1Z6 | Karnataka | Active | 01 Jul 2017 |
| 07AAACR1177J1ZC | Delhi | Active | 01 Jul 2017 |
| 27AAACR1177J1ZA | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rite Equipment Private Limited, buy the company report.
Recent activity
Rite Equipment Private Limited has 2 board changes on record since 1992: 2 appointments. The latest: Kanmani Sekar was appointed as Director on 13 Dec 1992.
4 earlier events are in the company report.
Frequently asked questions
Rite Equipment is an active private limited company based in Bangalore, Karnataka, India. The company works in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 13 December 1992 (34+ years old) and is registered under CIN U74899KA1992PTC053947.
Rite Equipment has 2 current directors:
- Kanmani Sekar - Director
- Velayutham Sekar - Director
The latest financial statements of Rite Equipment on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Rite Equipment is 29AAACR1177J1Z6, registered in Karnataka. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 07AAACR1177J1ZC (Delhi), 27AAACR1177J1ZA (Maharashtra).
The CIN (Corporate Identification Number) of Rite Equipment is U74899KA1992PTC053947. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rite Equipment has 3 court cases on record: 3 filed against it. 1 is pending.
Rite Equipment was incorporated on 13 December 1992, making it 34+ years old. It is registered with the Registrar of Companies, Bangalore.
Kanmani Sekar was appointed as Director on 13 Dec 1992. Velayutham Sekar was appointed as Director on 13 Dec 1992.
Rite Equipment can be reached through the website rite-equipment.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Rite Equipment is at No. 31 First Main Domlur Layout, Bangalore, Karnataka, India – 560071.