About Ritu Automobiles Private Limited
Data last updated:
Ritu Automobiles Private Limited is a private limited company based in Kalyan, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 20 March 2010.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U50500MH2010PTC201087. Its GSTIN is 27AAECR8723N1ZS (Maharashtra).
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹4.5 Cr. It is led by directors including Manoj Jiwatram Lalwani and Ritika Manoj Lalwani.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 125 Gove Near Kongaon Toll Naka Kalyan – Bhiwandi Road, Maharashtra, India – 421311.
As per the financials filed for FY 2019, the company reported a revenue of ₹328.47 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net loss of ₹8.4 Cr (net margin -2.6%) and EBITDA of -₹5.78 Cr (EBITDA margin -1.8%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years.
The company has about 39 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹123.3 Cr and satisfied charges of ₹130.39 Cr on record. Court records list 41 cases involving the company, including 8 filed by the company and 33 filed against it; 18 cases are pending. The company has 2 deals on record (1 funding round, 1 rights issue), with disclosed funding of ₹2.99 Cr; the latest was in March 2015. Its 7 peer companies in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading) are compared by revenue, 4 larger and 3 smaller; the largest is Harsha Auto Enterprises Private Limited with revenue of ₹394.08 Cr.
The last known website on record is ritu.hyundaimotor.in.
Company details
Contact details
Ritu Automobiles Private Limited's registered office is in Kalyan, Maharashtra. Its website is ritu.hyundaimotor.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address125 Gove Near Kongaon Toll Naka Kalyan – Bhiwandi Road, Maharashtra, India – 421311
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Ritu Automobiles 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 Ritu Automobiles 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 Ritu Automobiles Private Limited, buy the company report.
Financials of Ritu Automobiles Private Limited
FY 2019 filings availableRitu Automobiles Private Limited reported revenue of ₹328.47 Cr (down 14% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 7%. 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹328.47 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.78 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹8.4 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.8% | ||||
| Net Profit Margin | -2.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Ritu Automobiles Private Limited, buy the company report.
Board of directors of Ritu Automobiles Private Limited
Ritu Automobiles has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Jiwatram Lalwani Also directs: V.J. Automobiles Private Limited | Director | 20 Mar 2010 | 16 Years 7 Months | As last reported |
| Ritika Manoj Lalwani Also directs: V.J. Automobiles Private Limited | Director | 20 Mar 2010 | 16 Years 7 Months | As last reported |
| Mahesh Ramswaroop Sureka Also directs: Kip Restructuring and Insolvency Professionals LLP | Irp/Rp/Liquidator | 05 Nov 2024 | 2 Years 0 Months | As last reported |
Peer comparison
Ritu Automobiles Private Limited is compared with the 7 companies closest to it by revenue in the Automobiles industry (Auto and Components Dealers), with 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 |
|---|---|---|---|---|---|---|
| Harsha Auto Enterprises Private Limited | ₹394.08 Cr (FY 2025) | 12.0% | Hyderabad, Telangana, India | |||
| Lido Commercial Co Ltd | ₹392.2 Cr (FY 2025) | 46.0% | Kolkata, West Bengal, India | |||
| Jyoti Automobiles Private Limited | ₹392.1 Cr (FY 2025) | 9.0% | Alwar, Rajasthan, India | |||
| Rajpal Abhikaran (Bhopal) Private Limited | ₹391.76 Cr (FY 2025) | 46.0% | Indore, Madhya Pradesh, India | |||
| Visual Motors Private Limited | ₹389.04 Cr (FY 2025) | 34.0% | Ahmedabad, Gujarat, India | |||
| B R D Car World Limited | ₹386.91 Cr (FY 2025) | 4.0% | Thrissur, Kerala, India | |||
| V.S.T. & Sons Private Limited | ₹386.48 Cr (FY 2025) | 39.0% | Chennai, Tamil Nadu, India | |||
| Ritu Automobiles Private Limitedthis company | ₹328.47 Cr (FY 2019) | -₹8.4 Cr | -2.6% | -14.0% | 39 | Kalyan, Maharashtra, India |
To see the full peer comparison of Ritu Automobiles Private Limited, buy the company report.
Auditor
Ritu Automobiles Private Limited is audited by BADIYANI ANAND MANAHAR for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BADIYANI ANAND MANAHAR | FY 2019 | - |
Shareholding
The shareholding of Ritu Automobiles Private Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ritu Automobiles Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Feb 2019 | 100252065 | State Bank of India | ₹25 Cr | Open | |
| 31 Jan 2018 | 100814333 | Others | ₹5.3 Cr | Open | |
| 31 Jan 2018 | 100814157 | Others | ₹8 Cr | Open | |
| 11 Nov 2017 | 100160218 | Others | ₹10 Cr | Open | |
| 27 Jul 2017 | 100117464 | Hdfc Bank Limited | ₹50 Cr | Open |
To see the full charge records of Ritu Automobiles Private Limited, buy the company report.
Total charge records: 29 View all charges
Deals & funding
Ritu Automobiles Private Limited has 2 deals on record (1 funding round, 1 rights issue), with disclosed funding of ₹2.99 Cr; the latest was in March 2015.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Rights issue | ₹1.5 Cr | Investors: 2 individuals |
| Dec 2012 | Funding round | ₹2.99 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ritu Automobiles Private Limited has 41 court cases on record: 8 filed by Ritu Automobiles, 33 filed against it. 18 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 27 | 24 | 8 |
| NCLAT | 7 | 4 | 7 |
| High courts | 6 | 5 | 3 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed against the company by HDFC Bank Limited | Pending |
| District court, Thane, Maharashtra | Court case (Civil M.A.) | Filed by the company against M/S Precious Crown Developers LLP Through Its Partner Mahesh Bhajanlal Mata | Pending |
| District court, Thane, Maharashtra | Court case (Cri.Rev.App.) | Filed against the company by Nissan Renault Financial Services India Private Limited | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed by the company against HDFC Bank Ltd | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against HDFC Bank Ltd and 1 other | Pending |
To see the full case history of Ritu Automobiles 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 Ritu Automobiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ritu Automobiles Private Limited has a workforce of 39 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Ritu Automobiles has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECR8723N1ZS | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ritu Automobiles Private Limited, buy the company report.
Recent activity
Ritu Automobiles Private Limited has 3 board changes on record since 2010: 3 appointments. The latest: Mahesh Ramswaroop Sureka was appointed as Irp/Rp/Liquidator on 05 Nov 2024.
51 earlier events are in the company report.
Frequently asked questions
Ritu Automobiles is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Ritu Automobiles is a company under liquidation, formerly operating as a private limited company based in Kalyan, Maharashtra, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 20 March 2010 and is registered under CIN U50500MH2010PTC201087. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ritu Automobiles has 3 current directors:
- Manoj Jiwatram Lalwani - Director
- Ritika Manoj Lalwani - Director
- Mahesh Ramswaroop Sureka - Irp/Rp/Liquidator
The latest financial statements of Ritu Automobiles on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ritu Automobiles is U50500MH2010PTC201087. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ritu Automobiles has open charges of ₹123.3 Cr and satisfied charges of ₹130.39 Cr as per latest MCA filings.
Ritu Automobiles has 41 court cases on record: 8 filed by the company and 33 filed against it. 18 are pending. Most are in the district courts.
Ritu Automobiles was incorporated on 20 March 2010. It is registered with the Registrar of Companies, Mumbai.
Ritu Automobiles has 2 deals on record (1 funding round, 1 rights issue), with disclosed funding of ₹2.99 Cr; the latest was in March 2015.
The peers of Ritu Automobiles by revenue are Harsha Auto Enterprises Private Limited, Lido Commercial Co Ltd, Jyoti Automobiles Private Limited, Rajpal Abhikaran (Bhopal) Private Limited, Visual Motors Private Limited and 2 more, all in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading).
Mahesh Ramswaroop Sureka was appointed as Irp/Rp/Liquidator on 05 Nov 2024. Manoj Jiwatram Lalwani was appointed as Director on 20 Mar 2010. Ritika Manoj Lalwani was appointed as Director on 20 Mar 2010.
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