Sita Riders Private Limited
About Sita Riders Private Limited
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Sita Riders Private Limited is a private limited company based in Korba, Chhattisgarh, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 19 March 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Chhattisgarh, under CIN U50100CT2010PTC021671. Its GSTIN is 21AAOCS3270K1Z7 (Odisha).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹31.05 Lakh. It was formerly known as Sita Riders Finance Private Limited. It is led by directors Raja Modi and Shikha Modi.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at C/O Ashok And Company Champa Road Sitamani, Korba, Chhattisgarh, India – 495682.
As per the financials filed for FY 2023, the company reported a revenue of ₹15.05 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹57.3 Lakh (net margin 3.8%) and EBITDA of ₹2.84 Lakh (EBITDA margin 0.2%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 8% over five years.
As per MCA filings, the company has open charges of ₹4.59 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Sita Riders has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U50100CT2010PTC021671, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U50100CT2010PTC021671 | Current |
| U65910CT2010PTC021671 | Previous |
| U74110CT2010PTC021671 | Previous |
Contact details
Sita Riders Private Limited's registered office is in Korba, Chhattisgarh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC/O Ashok And Company Champa Road Sitamani, Korba, Chhattisgarh, India – 495682
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Sita Riders 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
Financials of Sita Riders Private Limited
FY 2024 filings availableSita Riders Private Limited reported revenue of ₹15.05 Cr (up 8% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 8% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 8%. EBITDA fell 77% 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 | ₹15.05 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.84 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹57.3 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.2% | ||||
| Net Profit Margin | 3.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| 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 Sita Riders Private Limited, buy the company report.
Board of directors of Sita Riders Private Limited
Sita Riders has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raja Modi Also directs: Krishna Autoworld India Private Limited, Krishna Autocorp India Private Limited, Krishna Auto Riders Private Limited and 1 more | Director | 04 Jul 2014 | 12 Years 4 Months | Current |
| Shikha Modi | Director | 04 Jul 2014 | 12 Years 4 Months | Current |
Auditor
Sita Riders Private Limited is audited by R GOPAL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R GOPAL & ASSOCIATES | FY 2023 | 000846C |
Shareholding
The shareholding of Sita Riders 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 Sita Riders Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Sep 2014 | 10536964 | State Bank of India | ₹4.59 Cr | Open |
To see the full charge records of Sita Riders Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Sita Riders 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 Sita Riders Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sita Riders has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAOCS3270K1Z7 | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sita Riders Private Limited, buy the company report.
Recent activity
Sita Riders Private Limited has 5 board changes on record since 2014: 2 appointments and 3 cessations. The latest: Ashok Kumar Modi ceased to be Managing Director on 16 Jul 2014.
Frequently asked questions
Sita Riders is an active private limited company based in Korba, Chhattisgarh, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 19 March 2010 (16+ years old) and is registered under CIN U50100CT2010PTC021671.
Sita Riders has 2 current directors:
- Raja Modi - Director
- Shikha Modi - Director
The latest financial statements of Sita Riders on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Sita Riders is 21AAOCS3270K1Z7, registered in Odisha.
The CIN (Corporate Identification Number) of Sita Riders is U50100CT2010PTC021671. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sita Riders was incorporated on 19 March 2010, making it 16+ years old. It is registered with the Registrar of Companies, Chhattisgarh.
Ashok Kumar Modi ceased to be Managing Director on 16 Jul 2014. Hardik Modi ceased to be Director on 16 Jul 2014. Preeti Modi ceased to be Director on 16 Jul 2014. Sita Riders has 5 board changes on record in total.
The registered office of Sita Riders is at CO Ashok And Company Champa Road Sitamani, Korba, Chhattisgarh, India – 495682.
Sita Riders operates in the automotive industry, in the auto dealership and trading segment.
Sita Riders has open charges of ₹4.59 Cr and no satisfied charges on record as per latest MCA filings.
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