Ritechoice Foundations & Engineering Private Limited - Company Profile

It is a real estate and construction private limited company based in Chennai, Tamil Nadu, India, established in 1992.
1992 Chennai, Tamil Nadu, India Active
Last Updated:
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About Ritechoice Foundations & Engineering Private Limited

Ritechoice Foundations & Engineering Private Limited, a active private limited company, was established on 19 August 1992 in Chennai, Tamil Nadu, India. Engaging in real estate builders & developers within the construction sector, it holds CIN: U70101TN1992PTC023304. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹6.00 Cr and a paid-up capital of ₹2.77 Cr.

Formerly known as Ritechoice Foundations & Engineering Limited, Ritechoice Properties Private Limited. It upholds a compliant status. Its leadership includes Sridhar Kadavasal Vinodh (Director), Krishnamurthy Cadavasal Sridhar (Director), Sridhar Sujatha (Director). It holds ₹7.00 Cr open charges and ₹14.40 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 25 I Main Roadkasturba Nagar Adyar, Chennai, Tamil Nadu, 600020.

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

    +91-XXXXXXXXXX

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

  • CIN/LLPIN

    U70101TN1992PTC023304

  • Registration Number

    023304

  • Incorporation Date

    19 August 1992

  • Authorized Capital

    ₹6.00 Cr

  • Paid-Up Capital

    ₹2.77 Cr

  • ROC Code

    Roc Chennai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 6.00 Cr
  • Paid Up Capital ₹ 2.77 Cr
  • Company Age 33 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 7.00 Cr
  • Satisfied Charges ₹ 14.40 Cr
  • Revenue Growth **** 29.04%
  • Profit Growth **** 1806.97%
  • Ebitda **** 888.23%
  • Net Worth 2.36%
  • Total Assets -6.91%
Company report

Ritechoice Foundations & Engineering Private Limited

Company Report FY 2025-2026

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Who are the key members and board of directors at Ritechoice Foundations & Engineering Private Limited?
Current Directors
Name Designation Appointment Date Status
Sridhar Kadavasal Vinodh Director 22 May 2003 Current
Krishnamurthy Cadavasal Sridhar Director 20 Dec 1999 Current
Sridhar Sujatha Director 30 Jun 1998 Current

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Financial Performance of Ritechoice Foundations & Engineering.

Ritechoice Foundations & Engineering Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 29.04% increase. The company also saw a substantial improvement in profitability, with a 1806.97% increase in profit. The company's net worth moved up by a moderate rise of 2.36%.

Ritechoice Foundations & Engineering revenue growth over time
Ritechoice Foundations & Engineering 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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 29.04%
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*******
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Revenue from Operations
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 31.79%
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*******
*******
Total Assets
*******
 -6.91%
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*******
*******
*******
Profit or Loss
*******
 1806.97%
*******
*******
*******
*******
Net Worth
*******
 2.36%
*******
*******
*******
*******
EBITDA
*******
 888.23%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Ritechoice Foundations & Engineering?

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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

₹70,000,000.00

Satisfied Charges

₹144,000,000.00

Charges Breakdown by Lending Institutions
  • State Bank Of India : 7.00 Cr
Latest Charge Details
Date Lender Amount Status
02 Feb 2024 State Bank Of India ₹7.00 Cr Open
23 Sep 2014 State Bank Of India ₹9.25 Cr Satisfied
31 Jul 2008 Vijaya Bank ₹2.00 Cr Satisfied
30 Jun 2005 Vijaya Bank ₹1.50 Cr Satisfied
17 Mar 2004 Vijaya Bank ₹1.65 Cr Satisfied

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How Many Employees Work at Ritechoice Foundations & Engineering?

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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 Ritechoice Foundations & Engineering, 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 Ritechoice Foundations & Engineering's trajectory.

Rating
Graph displaying rating trends over time

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Alerts
Alert Indicator

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Latest Updates, News, and FAQs on Ritechoice Foundations & Engineering
Recent Activity within the Organization
  • Annual General Meeting

    The activity Ritechoice Foundations & Engineering Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was completed.

  • Balance Sheet

    Progress on Ritechoice Foundations & Engineering Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai. was documented.

  • Charges

    Progress on A charge with State Bank Of India amounted to Rs. 7.00 Cr with Charge ID 100861047 was registered on 02 Feb 2024. was documented.

  • Charges

    Progress on A charge registered on 23 Sep 2014 via Charge ID 10523470 with State Bank Of India was fully satisfied on 21 Apr 2023. was documented.

  • Charges

    A charge registered on 17 Mar 2004 via Charge ID 90306723 with Vijaya Bank was fully satisfied on 21 Apr 2023. was recorded as a recent event.

  • Charges

    A charge registered on 31 Jul 2008 via Charge ID 10118008 with Vijaya Bank was fully satisfied on 24 Nov 2014. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Ritechoice Foundations & Engineering Private Limited?

The CIN of Ritechoice Foundations & Engineering Private Limited is U70101TN1992PTC023304.

Where is Ritechoice Foundations & Engineering Private Limited headquartered?

Ritechoice Foundations & Engineering Private Limited is headquartered at No 25 I Main Roadkasturba Nagar Adyar, Chennai, Tamil Nadu, 600020.

When was Ritechoice Foundations & Engineering Private Limited incorporated?

Ritechoice Foundations & Engineering Private Limited was incorporated on 19 August 1992.

Who are the current directors of Ritechoice Foundations & Engineering Private Limited?

The current directors of Ritechoice Foundations & Engineering Private Limited are

What is the primary industry of Ritechoice Foundations & Engineering Private Limited?

The primary industry of Ritechoice Foundations & Engineering Private Limited is Construction.

Is Ritechoice Foundations & Engineering Private Limited a listed company?

Ritechoice Foundations & Engineering Private Limited is unlisted.

What is the capital structure of Ritechoice Foundations & Engineering Private Limited?

The authorized capital of Ritechoice Foundations & Engineering Private Limited is ₹6.00 Cr, and the paid-up capital is ₹2.77 Cr.

What is the compliance status of Ritechoice Foundations & Engineering Private Limited?

The compliance status of Ritechoice Foundations & Engineering Private Limited is Compliant.

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