About Riversong Technology Private Limited
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Riversong Technology Private Limited is a private limited company based in Gurgaon, Haryana, India, a subsidiary of Img Technology Company Limited, China. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 26 December 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U51909HR2016PTC066824. Its GSTIN is 06AAICR0893B1ZI (Haryana). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹6.09 Cr. It is led by directors including Liu Chunming and Wei Jialiang.
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 Sector 1, Gurgaon, Haryana.
As per the financials filed for FY 2023, the company reported a revenue of ₹5.14 Cr, a decline of 38% compared to the previous year. For the same year it recorded a net loss of ₹1.55 Cr (net margin -30.2%) and EBITDA of -₹1.42 Cr (EBITDA margin -27.7%). Revenue has declined at a compounded annual rate (CAGR) of 41% over three years.
The company is associated with 2 brands: Riversong and Riversong. Court records list 1 case involving the company, including 1 filed against it. The company has 2 deals on record (2 rights issues); the latest was in October 2018. Its 4 peer companies in the Information Technology industry (IT Products Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 4 larger; the largest is Innovative E-Tech Private Limited with revenue of ₹5.18 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website riversongtech.com.
Company details
CIN history
Riversong Technology has one previous CIN (Corporate Identification Number): U52609HR2016PTC066824. The current CIN is U51909HR2016PTC066824, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909HR2016PTC066824 | Current |
| U52609HR2016PTC066824 | Previous |
Contact details
Riversong Technology Private Limited's registered office is in Gurgaon, Haryana. Its website is riversongtech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address204 Enkay Tower Plaza, Sector 1 Palam Vihar, Gurgaon, Haryana, India – 122017
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Riversong Technology 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
Riversong Technology operates two associated brands: RIVERSONG and Riversong. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates as an online brand specializing in multi-category electronic devices. | riversongtech.com | |
| Mobile accessories and wearables are manufactured and marketed by Riversong. | riversongindia.com |
Business activity
The main business activity of Riversong Technology is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Riversong Technology Private Limited, buy the company report.
Financials of Riversong Technology Private Limited
FY 2023 filings availableRiversong Technology Private Limited reported revenue of ₹5.14 Cr (down 38% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 41% over three years, including a 38% fall in the latest year. EBITDA rose 86% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹5.14 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.42 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.55 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -27.7% | ||||
| Net Profit Margin | -30.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Riversong Technology Private Limited, buy the company report.
Board of directors of Riversong Technology Private Limited
Riversong Technology has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balvinder Kumar | Additional Director | 16 Sep 2023 | 3 Years 1 Months | Current |
| Liu Chunming | Director | 26 Dec 2016 | 9 Years 10 Months | Current |
| Wei Jialiang | Director | 04 Dec 2017 | 8 Years 11 Months | Current |
Peer comparison
Riversong Technology Private Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (IT Products Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Innovative E-Tech Private Limited | ₹5.18 Cr (FY 2024) | -30.0% | Mumbai, Maharashtra, India | |||
| Sun Power Conversion Private Limited | ₹5.18 Cr (FY 2023) | 42.0% | Lucknow, Uttar Pradesh, India | |||
| Techshield Integrated Solution Private Limited | ₹5.17 Cr (FY 2024) | 52.0% | Gurugram, Haryana, India | |||
| PC Shop India Private Limited | ₹5.14 Cr (FY 2024) | -41.0% | Indore, Madhya Pradesh, India | |||
| Riversong Technology Private Limitedthis company | ₹5.14 Cr (FY 2023) | -₹1.55 Cr | -30.2% | -38.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Riversong Technology Private Limited, buy the company report.
Auditor
Riversong Technology Private Limited is audited by Vikal Jain & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vikal Jain & Associates | FY 2023 | 031355N |
Shareholding
The shareholding of Riversong Technology Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Riversong Technology Private Limited, buy the company report.
Deals & funding
Riversong Technology Private Limited has 2 deals on record (2 rights issues); the latest was in October 2018.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2018 | Rights issue | ₹3.61 Cr | Investors: IMG Technology Co. Limited |
| Aug 2017 | Rights issue | ₹2.38 Cr | Investors: IMG Technology Co. Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Riversong Technology Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Court case (TRAFFIC) | Filed against the company by State of Haryana | Disposed |
To see the full case history of Riversong Technology 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 Riversong Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Riversong Technology Private Limited has 1 active EPFO establishment as of Apr 10, 2024.
GST
Riversong Technology has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAICR0893B1ZI | Haryana | Active | 01 Jul 2017 |
| 07AAICR0893B1ZG | Delhi | Active | 19 Nov 2018 |
| 33AAICR0893B1ZL | Tamil Nadu | Active | 29 Dec 2020 |
To see the full GST registrations and return filing status of Riversong Technology Private Limited, buy the company report.
Recent activity
Riversong Technology Private Limited has 8 board changes on record since 2016: 3 appointments and 5 cessations. The latest: Balvinder Kumar was appointed as Additional Director on 16 Sep 2023.
News
Frequently asked questions
Riversong Technology is an active private limited company based in Gurgaon, Haryana, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 26 December 2016 (10+ years old) and is registered under CIN U51909HR2016PTC066824.
Riversong Technology has 3 current directors:
- Balvinder Kumar - Additional Director
- Liu Chunming - Director
- Wei Jialiang - Director
The latest financial statements of Riversong Technology 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 2017 are in the company report.
The GSTIN of Riversong Technology is 06AAICR0893B1ZI, registered in Haryana. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 07AAICR0893B1ZG (Delhi), 33AAICR0893B1ZL (Tamil Nadu).
The CIN (Corporate Identification Number) of Riversong Technology is U51909HR2016PTC066824. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Riversong Technology has 1 court case on record: 1 filed against it.
Riversong Technology was incorporated on 26 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Delhi.
Riversong Technology has 2 deals on record (2 rights issues); the latest was in October 2018.
The peers of Riversong Technology by revenue are Innovative E-Tech Private Limited, Sun Power Conversion Private Limited, Techshield Integrated Solution Private Limited, PC Shop India Private Limited, all in the Information Technology industry (IT Products Retail and Distribution), with the same principal business activity (wholesale trading).
Balvinder Kumar was appointed as Additional Director on 16 Sep 2023. Siddhartha Sawran ceased to be Director on 29 Jul 2022. Varun Kumar Agnihotri ceased to be Whole-Time Director on 19 Nov 2021. Riversong Technology has 8 board changes on record in total.
Riversong Technology can be reached through the website riversongtech.com. Its registered office is in Gurgaon, Haryana, India.
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