About Riverine Business Services Private Limited
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Riverine Business Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 21 September 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74110MH2007PTC174376. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.22 Cr. It was formerly known as Nine East Business Services Private Limited and Kpin Capital Advisors Private Limited. It is led by directors Kunal Avinash Kumthekar and Sandeep Ramdas Daga.
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 509 – 510 Meadows Sahar Plaza Andheri Kurla Road Andheri (East), Mumbai, Maharashtra, India – 400059.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.76 Lakh, a growth of 89% compared to the previous year. For the same year it recorded a net loss of ₹1.29 Lakh (net margin -8.2%) and EBITDA of -₹96,534 (EBITDA margin -6.1%). Revenue has declined at a compounded annual rate (CAGR) of 84% over three years and 1% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nineriverscapital.com.
Company details
Name history
Riverine Business Services has undergone 2 name changes throughout its history. The company was previously known as Nine East Business Services Private Limited, and Kpin Capital Advisors Private Limited. The current legal name is Riverine Business Services Private Limited.
| Company Name | Status |
|---|---|
| Riverine Business Services Private Limited | Current |
| Nine East Business Services Private Limited | Previous |
| Kpin Capital Advisors Private Limited | Previous |
CIN history
Riverine Business Services has one previous CIN (Corporate Identification Number): U65993MH2007PTC174376. The current CIN is U74110MH2007PTC174376, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110MH2007PTC174376 | Current |
| U65993MH2007PTC174376 | Previous |
Contact details
Riverine Business Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is nineriverscapital.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address509 – 510 Meadows Sahar Plaza Andheri Kurla Road Andheri (East), Mumbai, Maharashtra, India – 400059
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Riverine Business Services 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 Riverine Business Services is professional, scientific and technical activities. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 74 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Riverine Business Services Private Limited, buy the company report.
Financials of Riverine Business Services Private Limited
FY 2025 filings availableRiverine Business Services Private Limited reported revenue of ₹15.76 Lakh (up 89% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 89% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA rose 87% 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 | -₹96,534 | ||||
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| Net Profit (PAT) | -₹1.29 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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| Profitability | |||||
| EBITDA Margin | -6.1% | ||||
| Net Profit Margin | -8.2% | ||||
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To see the full financial statements and ratios of Riverine Business Services Private Limited, buy the company report.
Board of directors of Riverine Business Services Private Limited
Riverine Business Services has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kunal Avinash Kumthekar Also directs: Kpin Real Estate Ventures LLP, Raa Investment Capital Advisory LLP, Plexus Capital Ventures Private Limited and 5 more | Director | 21 Sep 2007 | 19 Years 1 Months | Current |
| Sandeep Ramdas Daga | Director | 21 Sep 2007 | 19 Years 1 Months | Current |
Auditor
Riverine Business Services Private Limited is audited by M L Bhuwania And Co LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M L Bhuwania And Co LLP | FY 2020 | 101484W/W100197 |
Shareholding
The shareholding of Riverine Business Services Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Riverine Business Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Riverine Business Services 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 Riverine Business Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Riverine Business Services has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Riverine Business Services Private Limited, buy the company report.
Recent activity
Riverine Business Services Private Limited has 3 board changes on record since 2007: 2 appointments and 1 cessation. The latest: Naresh Nagpal ceased to be Director on 22 Aug 2023.
Frequently asked questions
Riverine Business Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 21 September 2007 (19+ years old) and is registered under CIN U74110MH2007PTC174376.
Riverine Business Services has 2 current directors:
- Kunal Avinash Kumthekar - Director
- Sandeep Ramdas Daga - Director
The latest financial statements of Riverine Business Services 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.
No. Riverine Business Services has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Riverine Business Services is U74110MH2007PTC174376. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Riverine Business Services was incorporated on 21 September 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Naresh Nagpal ceased to be Director on 22 Aug 2023. Kunal Avinash Kumthekar was appointed as Director on 21 Sep 2007. Sandeep Ramdas Daga was appointed as Director on 21 Sep 2007.
Riverine Business Services can be reached through the website nineriverscapital.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Riverine Business Services is at 509 – 510 Meadows Sahar Plaza Andheri Kurla Road Andheri East, Mumbai, Maharashtra, India – 400059.
Riverine Business Services operates in the business outsourcing industry, in the business and IT consulting segment.
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