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Ritih Solutions Private Limited - e-commerce in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹59.95 Cr
▲ 1478951% YoY
Net loss · FY 2023
₹35.05 Lakh
Net margin -0.6%
EBITDA · FY 2023
-₹22.76 Lakh
EBITDA margin -0.4%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹12 Cr
Secured borrowings
Company age
5 yrs
Est. 2021
Directors on board
4
As per MCA filings
About Ritih Solutions Private Limited
Data last updated:
Ritih Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the general e-commerce platforms segment of the e-commerce sector. It was incorporated on 21 October 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U15100KA2021PTC153332. Its GSTIN is 29AALCR3802R1ZN (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Whokoday Rajendranathrao Sony (Managing Director) and Karthik Balakrishnan.
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 is at Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹59.95 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹35.05 Lakh (net margin -0.6%) and EBITDA of -₹22.76 Lakh (EBITDA margin -0.4%).
The company is associated with 1 brand: Ritih Solutions. As per MCA filings, the company has open charges of ₹12 Cr on record. Court records list 11 cases involving the company, including 2 filed by the company and 9 filed against it; 6 cases are pending.
Ritih Solutions Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0119089). For more details, the company can be reached via its website ritihsolutions.com.
Company details
CIN U15100KA2021PTC153332
Registration Number 153332
Incorporation Date 21 October 2021
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
DPIIT Recognition Recognised Startup
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0119089
CIN history
Ritih Solutions has one previous CIN (Corporate Identification Number): U67190KA2021PTC153332. The current CIN is U15100KA2021PTC153332, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15100KA2021PTC153332 | Current |
| U67190KA2021PTC153332 | Previous |
Key People
Whokoday Rajendranathrao Sony Managing Director Karthik Balakrishnan Director Rajasree Sreenath Additional Director Recognitions & Rankings of Ritih Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0119089
Contact details
Ritih Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is ritihsolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 28 Bommasandra Industrial Area, Attibele Hobili Anekal Taluk, Bangalore, Karnataka, India – 560099
- IndustryE-Commerce, General E-Commerce Platforms
To see the full contact details of Ritih Solutions Private Limited, buy the company report.
Comprehensive company report
Ritih Solutions Private Limited - one report that includes everything
- 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
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Brands
Ritih Solutions operates one associated brand: RITIH SOLUTIONS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Wholesale provider of grocery products with B2B services, logistics, and distribution support. | ritihsolutions.com |
Business activity
The main business activity of Ritih Solutions is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Ritih Solutions Private Limited, buy the company report.
Financials of Ritih Solutions Private Limited
FY 2023 filings availableRitih Solutions Private Limited reported revenue of ₹59.95 Cr (up 1478951% YoY) for FY 2023.
Revenue · FY 2023
₹59.95 Cr ▲ 1478951%
Net loss · FY 2023
₹35.05 Lakh margin -0.6%
EBITDA · FY 2023
-₹22.76 Lakh margin -0.4%
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹59.95 Cr | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹22.76 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹35.05 Lakh | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -0.4% | |
| Net Profit Margin | -0.6% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Ritih Solutions Private Limited, buy the company report.
Board of directors of Ritih Solutions Private Limited
Ritih Solutions has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karthik Balakrishnan Also directs: Adi Agritech Private Limited | Director | 21 Oct 2021 | 5 Years 0 Months | Current |
| Whokoday Rajendranathrao Sony Also directs: Adi Agritech Private Limited, Pushkey (OPC) Private Limited | Managing Director | 13 Jun 2024 | 2 Years 4 Months | Current |
| Rajasree Sreenath | Additional Director | 30 May 2024 | 2 Years 4 Months | Current |
| Raju Loganathan Also directs: Thaaiman Tradeways Private Limited | Additional Director | 27 Nov 2024 | 1 Years 11 Months | Current |
Peer comparison
Ritih Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Prisam Engitech Private Limited | ₹60.22 Cr (FY 2025) | 19.0% | Gandhinagar, Gujarat, India | |||
| Accutech Power Solutions Private Limited | ₹60.19 Cr (FY 2025) | -3.0% | Mumbai, Maharashtra, India | |||
| Santosh Electronics & Appliances (India) Private Limited | ₹60.17 Cr (FY 2025) | -9.0% | Hyderabad, Telangana, India | |||
| Bahubali Vintrade Private Limited | ₹60.04 Cr (FY 2024) | 125.0% | Kolkata, West Bengal, India | |||
| Sarathy Bikes Private Limited | ₹60.04 Cr (FY 2025) | 42.0% | Kollam, Kerala, India | |||
| Ritih Solutions Private Limitedthis company | ₹59.95 Cr (FY 2023) | -₹35.05 Lakh | -0.6% | 1478951.0% | Bangalore, Karnataka, India | |
| Mangla Traders Private Limited | ₹59.86 Cr (FY 2024) | -12.0% | New Delhi, Delhi, India | |||
| Dilip Motors Private Limited | ₹59.83 Cr (FY 2025) | 2.0% | Adityapur, Jharkhand, India | |||
| Krishna Krishna Jewellers Private Limited | ₹59.81 Cr (FY 2025) | 8.0% | Delhi, India | |||
| Worldwide Autocraft Private Limited | ₹59.8 Cr (FY 2025) | -12.0% | Amritsar, Punjab, India | |||
| Shashwat Equity Traders Private Limited | ₹59.78 Cr (FY 2019) | 1164.0% | Delhi, India |
To see the full peer comparison of Ritih Solutions Private Limited, buy the company report.
Auditor
Ritih Solutions Private Limited is audited by SHABBIR AND GANESH for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHABBIR AND GANESH | FY 2023 | 009033S |
Shareholding
The shareholding of Ritih Solutions Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ritih Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹12 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Nov 2024 | 101019595 | Canara Bank | ₹10.5 Cr | Open | |
| 08 Nov 2024 | 101048280 | Others | ₹1.5 Cr | Open |
Total charge records: 2 View all charges
Legal cases
Ritih Solutions Private Limited has 11 court cases on record: 2 filed by Ritih Solutions, 9 filed against it. 6 cases are pending and 5 are disposed.
Total cases
11
Filed by the company
2
Filed against the company
9
Pending
6
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 9 | 6 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Tata Capital Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Yes Bank Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against 100 Paisa Payments Limited and 2 others | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against 100 Paisa Payments Limited and 2 others | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Bridge Capital Rep by Spa Holder Vandana Makija | Pending |
To see the full case history of Ritih Solutions 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 Ritih Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ritih Solutions Private Limited has 1 active EPFO establishment as of Apr 08, 2024.
Active EPFO establishments
1
GST
Ritih Solutions has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALCR3802R1ZN | Karnataka | Active | 03 Dec 2021 |
| 36AALCR3802R1ZS | Telangana | Active | 06 Jun 2023 |
To see the full GST registrations and return filing status of Ritih Solutions Private Limited, buy the company report.
Recent activity
Ritih Solutions Private Limited has 8 board changes on record since 2021: 6 appointments and 2 cessations. The latest: Raju Loganathan was appointed as Additional Director on 27 Nov 2024.
Charges
A charge with Canara Bank amounted to Rs. 1,050.00 Lakh with Charge ID 101019595 was registered on 30 Nov 2024.
Appointed
Raju Loganathan was appointed as Additional Director.
Charges
A charge with Others amounted to Rs. 150.00 Lakh with Charge ID 101048280 was registered on 08 Nov 2024.
Ceased
Kanthaudaiyar Velmurugan ceased to be Additional Director.
Appointed
Kanthaudaiyar Velmurugan was appointed as Additional Director.
Appointed
Whokoday Rajendranathrao Sony was appointed as Managing Director.
Ceased
Kailash Vishnudas Nabariya ceased to be Additional Director.
Appointed
Rajasree Sreenath was appointed as Additional Director.
AGM
Ritih Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Ritih Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Appointed
Kailash Vishnudas Nabariya was appointed as Additional Director.
Appointed
Karthik Balakrishnan was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Ritih Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in general e-commerce platforms, within the e-commerce industry. It was incorporated on 21 October 2021 (5+ years old) and is registered under CIN U15100KA2021PTC153332.
Ritih Solutions has 4 current directors:
- Whokoday Rajendranathrao Sony - Managing Director
- Karthik Balakrishnan - Director
- Rajasree Sreenath - Additional Director
- Raju Loganathan - Additional Director
The latest financial statements of Ritih Solutions 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 FY 2022 are in the company report.
The GSTIN of Ritih Solutions is 29AALCR3802R1ZN, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 36AALCR3802R1ZS (Telangana).
The CIN (Corporate Identification Number) of Ritih Solutions is U15100KA2021PTC153332. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ritih Solutions has 11 court cases on record: 2 filed by the company and 9 filed against it. 6 are pending.
Ritih Solutions was incorporated on 21 October 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Ritih Solutions by revenue are Prisam Engitech Private Limited, Accutech Power Solutions Private Limited, Santosh Electronics & Appliances (India) Private Limited, Bahubali Vintrade Private Limited, Sarathy Bikes Private Limited and 5 more, all in the same principal business activity (retail trading).
Raju Loganathan was appointed as Additional Director on 27 Nov 2024. Kanthaudaiyar Velmurugan ceased to be Additional Director on 27 Aug 2024. Kanthaudaiyar Velmurugan was appointed as Additional Director on 24 Jul 2024. Ritih Solutions has 8 board changes on record in total.
Yes, Ritih Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Ritih Solutions is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0119089).