About Ritechoice Foundations & Engineering Private Limited
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Ritechoice Foundations & Engineering Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 19 August 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U70101TN1992PTC023304. Its GSTIN is 33AAACR2285B1ZV (Tamil Nadu).
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹2.77 Cr. It was formerly known as Ritechoice Foundations & Engineering Limited and Ritechoice Properties Private Limited. It is led by directors including Sridhar Kadavasal Vinodh and Krishnamurthy Cadavasal Sridhar.
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 25 I Main Roadkasturba Nagar Adyar, Chennai, Tamil Nadu, India – 600020.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.4 Cr, a decline of 75% compared to the previous year. For the same year it recorded a net profit of ₹57.71 Lakh (net margin 9%) and EBITDA of ₹1.49 Cr (EBITDA margin 23.3%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 1% over five years.
The company is associated with 1 brand: Ritechoice Engineering and Private Limited. As per MCA filings, the company has open charges of ₹7 Cr and satisfied charges of ₹14.4 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ritechoiceengineering.com.
Company details
Name history
Ritechoice Foundations & Engineering has undergone 2 name changes throughout its history. The company was previously known as Ritechoice Foundations & Engineering Limited, and Ritechoice Properties Private Limited. The current legal name is Ritechoice Foundations & Engineering Private Limited.
| Company Name | Status |
|---|---|
| Ritechoice Foundations & Engineering Private Limited | Current |
| Ritechoice Foundations & Engineering Limited | Previous |
| Ritechoice Properties Private Limited | Previous |
Contact details
Ritechoice Foundations & Engineering Private Limited's registered office is in Chennai, Tamil Nadu. Its website is ritechoiceengineering.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 25 I Main Roadkasturba Nagar Adyar, Chennai, Tamil Nadu, India – 600020
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Ritechoice Foundations & Engineering 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
Ritechoice Foundations & Engineering operates one associated brand: Ritechoice Engineering and Private Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Construction and engineering services in residential, commercial, and industrial sectors in Madison, MS. | ritechoiceengineering.com |
Business activity
The main business activity of Ritechoice Foundations & Engineering 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 Ritechoice Foundations & Engineering Private Limited, buy the company report.
Financials of Ritechoice Foundations & Engineering Private Limited
FY 2024 filings availableRitechoice Foundations & Engineering Private Limited reported revenue of ₹6.4 Cr (down 75% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 75% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 38% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹1.49 Cr | ||||
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| Net Profit (PAT) | ₹57.71 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 23.3% | ||||
| Net Profit Margin | 9% | ||||
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To see the full financial statements and ratios of Ritechoice Foundations & Engineering Private Limited, buy the company report.
Board of directors of Ritechoice Foundations & Engineering Private Limited
Ritechoice Foundations & Engineering has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sridhar Kadavasal Vinodh | Director | 22 May 2003 | 23 Years 5 Months | Current |
| Krishnamurthy Cadavasal Sridhar | Director | 20 Dec 1999 | 26 Years 10 Months | Current |
| Sridhar Sujatha | Director | 30 Jun 1998 | 28 Years 3 Months | Current |
Peer comparison
Ritechoice Foundations & Engineering Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Sangam Infracons Private Limited | ₹6.4 Cr (FY 2025) | -7.0% | Nagpur, Maharashtra, India | |||
| SN Consultants Private Limited | ₹6.4 Cr (FY 2025) | 0.0% | Kolkata, West Bengal, India | |||
| Akash Developers Private Limited | ₹6.4 Cr (FY 2024) | 93.0% | Indore, Madhya Pradesh, India | |||
| Next Footstep Private Limited | ₹6.4 Cr (FY 2024) | 65.0% | Bangalore, Karnataka, India | |||
| Ritechoice Foundations & Engineering Private Limitedthis company | ₹6.4 Cr (FY 2025) | ₹57.71 Lakh | 9% | -75.0% | Chennai, Tamil Nadu, India | |
| Dreams Construction Private Limited | ₹6.4 Cr (FY 2017) | -67.0% | Pune, Maharashtra, India | |||
| Smarthousing Buildcon Limited | ₹6.39 Cr (FY 2022) | 25.0% | Jamshedpur, Jharkhand, India | |||
| RGN Engineering and Constructions Private Limited | ₹6.39 Cr (FY 2024) | 13.0% | Bengaluru, Karnataka, India |
To see the full peer comparison of Ritechoice Foundations & Engineering Private Limited, buy the company report.
Auditor
Ritechoice Foundations & Engineering Private Limited is audited by Ramesh and Ramachandran for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ramesh and Ramachandran | FY 2022 | 002981S |
Shareholding
The shareholding of Ritechoice Foundations & Engineering Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ritechoice Foundations & Engineering Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Feb 2024 | 100861047 | State Bank of India | ₹7 Cr | Open | |
| 23 Sep 2014 | 10523470 | State Bank of India | ₹9.25 Cr | Satisfied | |
| 31 Jul 2008 | 10118008 | Vijaya Bank | ₹2 Cr | Satisfied | |
| 30 Jun 2005 | 90290689 | Vijaya Bank | ₹1.5 Cr | Satisfied | |
| 17 Mar 2004 | 90306723 | Vijaya Bank | ₹1.65 Cr | Satisfied |
To see the full charge records of Ritechoice Foundations & Engineering Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Ritechoice Foundations & Engineering Private Limited has 3 court cases on record: 3 filed by Ritechoice Foundations & Engineering. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against The State Tax Officer | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against The State Tax Officer | Disposed |
To see the full case history of Ritechoice Foundations & Engineering 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.
Credit ratings & regulatory alerts
Ritechoice Foundations & Engineering Private Limited was last rated by Crisil on 29 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 29 Apr 2021 |
To see the full credit ratings and regulatory alerts of Ritechoice Foundations & Engineering Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ritechoice Foundations & Engineering Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ritechoice Foundations & Engineering has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACR2285B1ZV | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ritechoice Foundations & Engineering Private Limited, buy the company report.
Recent activity
Ritechoice Foundations & Engineering Private Limited has 3 board changes on record since 1998: 3 appointments. The latest: Sridhar Kadavasal Vinodh was appointed as Director on 22 May 2003.
4 earlier events are in the company report.
Frequently asked questions
Ritechoice Foundations & Engineering is an active private limited company based in Chennai, Tamil Nadu, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 19 August 1992 (34+ years old) and is registered under CIN U70101TN1992PTC023304.
Ritechoice Foundations & Engineering has 3 current directors:
- Sridhar Kadavasal Vinodh - Director
- Krishnamurthy Cadavasal Sridhar - Director
- Sridhar Sujatha - Director
The latest financial statements of Ritechoice Foundations & Engineering 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 Ritechoice Foundations & Engineering is 33AAACR2285B1ZV, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Ritechoice Foundations & Engineering is U70101TN1992PTC023304. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ritechoice Foundations & Engineering has 3 court cases on record: 3 filed by the company.
Ritechoice Foundations & Engineering was incorporated on 19 August 1992, making it 34+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Ritechoice Foundations & Engineering by revenue are Sangam Infracons Private Limited, SN Consultants Private Limited, Akash Developers Private Limited, Next Footstep Private Limited, Dreams Construction Private Limited and 2 more, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Sridhar Kadavasal Vinodh was appointed as Director on 22 May 2003. Krishnamurthy Cadavasal Sridhar was appointed as Director on 20 Dec 1999. Sridhar Sujatha was appointed as Director on 30 Jun 1998.
Ritechoice Foundations & Engineering can be reached through the website ritechoiceengineering.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Ritechoice Foundations & Engineering is at No 25 I Main Roadkasturba Nagar Adyar, Chennai, Tamil Nadu, India – 600020.