Ritesh Projects Private Limited
About Ritesh Projects Private Limited
Data last updated:
Ritesh Projects Private Limited was a private limited company based in Kolkata, West Bengal, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the diversified financial services segment of the financial services sector. It was incorporated on 04 June 2007.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U45400WB2007PTC116326.
The company had an authorised share capital of ₹78 Lakh and a paid-up capital of ₹77.49 Lakh. It was led by directors Ravi Kumar Newatia and Asha Newatia.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 53A Mirza Ghalib Street 4th Floor, Kolkata, West Bengal, India – 700016.
As per the financials filed for FY 2023, the company reported a revenue of ₹8.47 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹5.13 Cr (net margin 60.5%) and EBITDA of ₹7.12 Cr (EBITDA margin 84.1%). Revenue has grown at a compounded annual rate (CAGR) of 167% over three years and 39% over five years.
Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it.
Company details
Contact details
Ritesh Projects Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered Address53A Mirza Ghalib Street 4th Floor, Kolkata, West Bengal, India – 700016
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Ritesh Projects 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
Business activity
The main business activity of Ritesh Projects is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Ritesh Projects Private Limited, buy the company report.
Financials of Ritesh Projects Private Limited
FY 2023 filings availableRitesh Projects Private Limited reported revenue of ₹8.47 Cr (down 14% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 39%. EBITDA rose 150% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹7.12 Cr | ||||
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| Net Profit (PAT) | ₹5.13 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 84.1% | ||||
| Net Profit Margin | 60.5% | ||||
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To see the full financial statements and ratios of Ritesh Projects Private Limited, buy the company report.
Board of directors of Ritesh Projects Private Limited
Ritesh Projects has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Kumar Newatia Also directs: Ritesh Commercial Holdings Ltd, Ritesh Properties Private Limited, BBR Developers Private Limited and 5 more | Director | 30 Aug 2011 | 15 Years 1 Months | As last reported |
| Asha Newatia Also directs: Rani Sati Mercantiles Pvt Ltd, Darshan Vyapaar Pvt. Ltd., Shiv Shankar Securities Pvt Ltd and 3 more | Director | 19 Aug 2019 | 7 Years 2 Months | As last reported |
Auditor
Ritesh Projects Private Limited is audited by LAHOTI & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LAHOTI & CO | FY 2021 | 306045E |
Shareholding
The shareholding of Ritesh Projects Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ritesh Projects Private Limited, buy the company report.
Legal cases
Ritesh Projects Private Limited has 3 court cases on record: 2 filed by Ritesh Projects, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Kolkata | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Kolkata | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by an individual | Disposed |
To see the full case history of Ritesh Projects 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 Ritesh Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Ritesh Projects Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Ritesh Projects Private Limited has 6 board changes on record since 2011: 2 appointments and 4 cessations. The latest: Asha Newatia was appointed as Director on 19 Aug 2019.
Frequently asked questions
Ritesh Projects has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Ritesh Projects was a private limited company based in Kolkata, West Bengal, India. The company worked in diversified financial services, within the financial services industry. It was incorporated on 04 June 2007 and is registered under CIN U45400WB2007PTC116326. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ritesh Projects was incorporated on 04 June 2007. It is registered with the Registrar of Companies, Kolkata.
Ritesh Projects had 2 directors:
- Ravi Kumar Newatia - Director
- Asha Newatia - Director
The CIN (Corporate Identification Number) of Ritesh Projects is U45400WB2007PTC116326. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Ritesh Projects is at 53A Mirza Ghalib Street 4th Floor, Kolkata, West Bengal, India – 700016.
The latest financial statements of Ritesh Projects on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
Ritesh Projects operated in the financial services industry, in the diversified financial services segment.
Ritesh Projects has 3 court cases on record: 2 filed by the company and 1 filed against it. Most are in the nclt.
Asha Newatia was appointed as Director on 19 Aug 2019. Ritesh Newatia ceased to be Director on 19 Aug 2019. Mahendra Prasad Gupta ceased to be Director on 01 Sep 2011. Ritesh Projects has 6 board changes on record in total.