About Ritwik Finance Enterprises Private Limited
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Ritwik Finance Enterprises Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 30 November 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U70101WB1987PTC043367. Its GSTIN is 08AABCR4715M1Z5 (Rajasthan).
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹35.13 Cr. It is led by directors including Vikram Karnawat and Sunit Karnawat.
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 33 C.R Avenue 9th Floor Room No. 903, Kolkata, West Bengal, India – 700012.
As per the financials filed for FY 2024, the company reported a revenue of ₹11.53 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹1.3 Cr (net margin 11.3%) and EBITDA of ₹7.19 Cr (EBITDA margin 62.4%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 7% over five years.
The company has about 205 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ritwik Finance Enterprises. As per MCA filings, the company has open charges of ₹28 Cr and satisfied charges of ₹10 Cr on record. Court records list 22 cases involving the company, including 14 filed by the company and 8 filed against it; 6 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ritwikfinance.com.
Company details
Contact details
Ritwik Finance Enterprises Private Limited's registered office is in Kolkata, West Bengal. Its website is ritwikfinance.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address33 C.R Avenue 9th Floor Room No. 903, Kolkata, West Bengal, India – 700012
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Ritwik Finance Enterprises 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
Brands
Ritwik Finance Enterprises operates one associated brand: Ritwik Finance Enterprises. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers loan solutions through a dedicated financial platform. | ritwikfinance.com |
Business activity
The main business activity of Ritwik Finance Enterprises 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 Ritwik Finance Enterprises Private Limited, buy the company report.
Financials of Ritwik Finance Enterprises Private Limited
FY 2025 filings availableRitwik Finance Enterprises Private Limited reported revenue of ₹11.53 Cr (up 10% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 10% growth in the latest year. EBITDA fell 5% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹11.53 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹7.19 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.3 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 62.4% | ||||
| Net Profit Margin | 11.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Ritwik Finance Enterprises Private Limited, buy the company report.
Board of directors of Ritwik Finance Enterprises Private Limited
Ritwik Finance Enterprises has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sachin Acharya | Additional Director | 11 Aug 2025 | 1 Years 3 Months | Current |
| Vikram Karnawat | Director | 12 Jul 2010 | 16 Years 4 Months | Current |
| Sunit Karnawat | Director | 12 Jul 2010 | 16 Years 4 Months | Current |
Peer comparison
Ritwik Finance Enterprises Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Capital Finserve Limited | ₹11.67 Cr (FY 2025) | 30.0% | Kothamangalam, Kerala, India | |||
| Ritwik Finance Enterprises Private Limitedthis company | ₹11.53 Cr (FY 2024) | ₹1.3 Cr | 11.3% | 10.0% | 205 | Kolkata, West Bengal, India |
| Cosmo Capital & Investments Private Limited | ₹11.53 Cr (FY 2025) | -6.0% | New Delhi, Delhi, India | |||
| Geetganga Investment Private Limited | ₹11.51 Cr (FY 2025) | -36.0% | Vadodara, Gujarat, India | |||
| Mani Capitals Limited | ₹11.49 Cr (FY 2025) | 69.0% | Lucknow, Uttar Pradesh, India |
To see the full peer comparison of Ritwik Finance Enterprises Private Limited, buy the company report.
Auditor
Ritwik Finance Enterprises Private Limited is audited by Rahul R Choudhary & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Rahul R Choudhary & Associates | FY 2024 | 300859 |
Shareholding
The shareholding of Ritwik Finance Enterprises Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ritwik Finance Enterprises Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2024 | 100993659 | Axis Bank Limited | ₹99.53 Lakh | Open | |
| 28 Dec 2017 | 100148727 | Others | ₹12 Cr | Open | |
| 14 Feb 2014 | 10479723 | Others | ₹15 Cr | Open | |
| 23 Oct 2017 | 100143837 | Others | ₹10 Cr | Satisfied |
To see the full charge records of Ritwik Finance Enterprises Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Ritwik Finance Enterprises Private Limited has 22 court cases on record: 14 filed by Ritwik Finance Enterprises, 8 filed against it. 6 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 8 | 3 |
| High courts | 3 | 0 | 0 |
| NCLAT | 3 | 0 | 3 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Grenesiis Constro Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Grenesiis Constro Private Limited | Pending |
| NCLT, Indore | Insolvency matter | Filed by the company against Shri Sajjan Kumar Dokania Liquidator of Patwa Automotive Private Limited and 1 other | Disposed |
| District court, Indore, Madhya Pradesh | Court case (MJC AV) | Filed against the company by M/S Patwa Automotive Private Limited Through Surendra Patwa | Disposed |
| District court, Indore, Madhya Pradesh | Court case (EX AB) | Filed by the company against M/S. Patwa Automotive Private Limited | Disposed |
To see the full case history of Ritwik Finance Enterprises 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 Ritwik Finance Enterprises Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ritwik Finance Enterprises Private Limited has a workforce of 205 employees on its EPFO records as of May 2026.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 205 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 |
To see the full employee and EPFO history of Ritwik Finance Enterprises Private Limited, buy the company report.
GST
Ritwik Finance Enterprises has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AABCR4715M1Z5 | Rajasthan | Active | 26 Sep 2018 |
To see the full GST registrations and return filing status of Ritwik Finance Enterprises Private Limited, buy the company report.
Recent activity
Ritwik Finance Enterprises Private Limited has 7 board changes on record since 2010: 3 appointments and 4 cessations. The latest: Sachin Acharya was appointed as Additional Director on 11 Aug 2025.
4 earlier events are in the company report.
Frequently asked questions
Ritwik Finance Enterprises is an active private limited company based in Kolkata, West Bengal, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 30 November 1987 (39+ years old) and is registered under CIN U70101WB1987PTC043367.
Ritwik Finance Enterprises has 3 current directors:
- Sachin Acharya - Additional Director
- Vikram Karnawat - Director
- Sunit Karnawat - Director
The latest financial statements of Ritwik Finance Enterprises 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 2015 are in the company report.
The GSTIN of Ritwik Finance Enterprises is 08AABCR4715M1Z5, registered in Rajasthan.
The CIN (Corporate Identification Number) of Ritwik Finance Enterprises is U70101WB1987PTC043367. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ritwik Finance Enterprises has 22 court cases on record: 14 filed by the company and 8 filed against it. 6 are pending. Most are in the district courts.
Ritwik Finance Enterprises was incorporated on 30 November 1987, making it 39+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Ritwik Finance Enterprises by revenue are Capital Finserve Limited, Cosmo Capital & Investments Private Limited, Geetganga Investment Private Limited, Mani Capitals Limited, all in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Sachin Acharya was appointed as Additional Director on 11 Aug 2025. Anant Kasera ceased to be Director on 21 Jul 2010. Kiran Kasera ceased to be Director on 21 Jul 2010. Ritwik Finance Enterprises has 7 board changes on record in total.
Ritwik Finance Enterprises can be reached through the website ritwikfinance.com. Its registered office is in Kolkata, West Bengal, India.
The registered office of Ritwik Finance Enterprises is at 33 C.R Avenue 9th Floor Room No. 903, Kolkata, West Bengal, India – 700012.
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