Ritual Innovation Private Limited
About Ritual Innovation Private Limited
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Ritual Innovation Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 21 December 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020PTC142426. Its GSTIN is 29AAKCR6809F1Z0 (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sumit Suman and Nitin Pande.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Door No 3153 Prestige Ferns Residency Haralur Road, Bangalore, Karnataka, India – 560103.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.18 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹12.72 Lakh (net margin 89.7%) and EBITDA of ₹12.72 Lakh (EBITDA margin 89.7%). Revenue has declined at a compounded annual rate (CAGR) of 36% over three years.
Company details
Contact details
Ritual Innovation Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressDoor No 3153 Prestige Ferns Residency Haralur Road, Bangalore, Karnataka, India – 560103
- IndustryInformation Technology, Other Computer Related Activities
To see the full contact details of Ritual Innovation 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 Ritual Innovation is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Ritual Innovation Private Limited, buy the company report.
Financials of Ritual Innovation Private Limited
FY 2025 filings availableRitual Innovation Private Limited reported revenue of ₹14.18 Lakh (up 247% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 247% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 36%. EBITDA rose 159% 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 | ₹12.72 Lakh | ||||
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| Net Profit (PAT) | ₹12.72 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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| EBITDA Margin | 89.7% | ||||
| Net Profit Margin | 89.7% | ||||
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To see the full financial statements and ratios of Ritual Innovation Private Limited, buy the company report.
Board of directors of Ritual Innovation Private Limited
Ritual Innovation has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sumit Suman | Director | 21 Dec 2020 | 5 Years 10 Months | Current |
| Nitin Pande Also directs: Vink R&D Labs LLP, Vink Software India Private Limited | Director | 21 Dec 2020 | 5 Years 10 Months | Current |
Peer comparison
Ritual Innovation Private Limited is compared with the 8 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rakvin Technologies Private Limited | ₹14.19 Lakh (FY 2021) | -68.0% | Noida, Uttar Pradesh, India | |||
| Adsa Global Solutions Private Limited | ₹14.19 Lakh (FY 2018) | 35.0% | Hyderabad, Telangana, India | |||
| Kalantram Tech Solutions Private Limited | ₹14.18 Lakh (FY 2024) | 114.0% | Ahmedabad, Gujarat, India | |||
| Index Studio Private Limited | ₹14.18 Lakh (FY 2025) | 41.0% | Hyderabad, Telangana, India | |||
| Greensapphire Business Solutions Private Limited | ₹14.18 Lakh (FY 2018) | New Delhi, Delhi, India | ||||
| Ritual Innovation Private Limitedthis company | ₹14.18 Lakh (FY 2025) | ₹12.72 Lakh | 89.7% | 247.0% | Bangalore, Karnataka, India | |
| Sash Info Services Private Limited | ₹14.17 Lakh (FY 2024) | 1.0% | Bangalore, Karnataka, India | |||
| Paysprint Services Private Limited | ₹14.16 Lakh (FY 2025) | 70000.0% | New Delhi, Delhi, India | |||
| Aartika Solutions Private Limited | ₹14.16 Lakh (FY 2024) | Raigarh, Maharashtra, India |
To see the full peer comparison of Ritual Innovation Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ritual Innovation Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ritual Innovation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ritual Innovation Private Limited has 1 active EPFO establishment as of Mar 27, 2024.
GST
Ritual Innovation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCR6809F1Z0 | Karnataka | Active | 14 Sep 2021 |
To see the full GST registrations and return filing status of Ritual Innovation Private Limited, buy the company report.
Recent activity
Ritual Innovation Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Nitin Pande was appointed as Director on 21 Dec 2020.
Frequently asked questions
Ritual Innovation is an active private limited company based in Bangalore, Karnataka, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 21 December 2020 (6+ years old) and is registered under CIN U72900KA2020PTC142426.
Ritual Innovation has 2 current directors:
- Sumit Suman - Director
- Nitin Pande - Director
The latest financial statements of Ritual Innovation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Ritual Innovation is 29AAKCR6809F1Z0, registered in Karnataka.
The CIN (Corporate Identification Number) of Ritual Innovation is U72900KA2020PTC142426. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ritual Innovation was incorporated on 21 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Ritual Innovation by revenue are Rakvin Technologies Private Limited, Adsa Global Solutions Private Limited, Kalantram Tech Solutions Private Limited, Index Studio Private Limited, Greensapphire Business Solutions Private Limited and 3 more, all in the same principal business activity (computer programming, consultancy and related activities).
Nitin Pande was appointed as Director on 21 Dec 2020. Sumit Suman was appointed as Director on 21 Dec 2020.
The registered office of Ritual Innovation is at Door No 3153 Prestige Ferns Residency Haralur Road, Bangalore, Karnataka, India – 560103.
Ritual Innovation operates in the information technology industry, in the other computer related activities segment.
Ritual Innovation can be reached at its registered office: Door No 3153 Prestige Ferns Residency Haralur Road, Bangalore, Karnataka, India – 560103.
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