Rip-It Solutions Private Limited

Develops test automation tools and provides software consultancy services.

2012 | Kanchipuram, Tamil Nadu (India) | Active
Last Updated: December 13, 2024

Rip-It Solutions Profile

Key Indicators

  • Authorised Capital ₹ 0.20 M
  • Paid Up Capital ₹ 0.11 M
  • Company Age 12 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 6.80 M
  • Revenue Growth 3.88%
  • Profit Growth 10.57%
  • Ebitda 25.85%
  • Net Worth 33.16%
  • Total Assets 45.99%

About Rip-It Solutions

Rip-It Solutions Private Limited (RSPL) is a Private Limited Foreign Company Incorporated In India incorporated in India on 11 April 2012 and has a history of 12 years and ten months. Its registered office is in Kanchipuram, Tamil Nadu, India.

The Company is engaged in the Information Technology Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 0.20 M and a paid-up capital of Rs 0.11 M.

The company currently has active open charges totaling ₹6.80 M.

Aiylam Sridhar, Sriram Sridhar, Jason Polstein, and Two other members serve as directors at the Company.

Company Details

  • Location

    Kanchipuram, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    ripitsolutions.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U72900TN2012FTC085378

  • Company No.

    085378

  • Company Classification

    Private Limited Foreign Company Incorporated In India

  • Incorporation Date

    11 Apr 2012

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Information Technology

Who are the key members and board of directors at Rip-It Solutions?

Board Members (5)

Name Designation Appointment Date Status
Aiylam Sridhar Country flag representing In Director 11-Apr-2012 Current
Matthew Polstein Country flag representing Us Director 11-Apr-2012 Current
Jason Polstein Country flag representing Us Director 11-Apr-2012 Current
Sriram Sridhar Country flag representing In Director 11-Apr-2012 Current
Michael Polstein Country flag representing Us Director 11-Apr-2012 Current

Financial Performance of Rip-It Solutions.

Rip-It Solutions Private Limited, for the financial year ended 2020, experienced modest growth in revenue, with a 3.88% increase. The company also saw a substantial improvement in profitability, with a 10.57% increase in profit. The company's net worth Soared by an impressive increase of 33.16%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
3.88%
Revenue from Operations
3.88%
Total Assets
45.99%
Profit or Loss
10.57%
Net Worth
33.16%
EBITDA
25.85%

What is the Ownership and Shareholding Structure of Rip-It Solutions?

In 2020, Rip-It Solutions had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹6.80 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 0.52 Cr
  • Hdfc Bank Limited : 0.16 Cr

Latest Charge Details

Date Lender Amount Status
11 May 2023 Hdfc Bank Limited ₹1.60 M Open
03 Mar 2022 Axis Bank Limited ₹1.20 M Open
30 Oct 2020 Axis Bank Limited ₹4.00 M Open

How Many Employees Work at Rip-It Solutions?

Rip-It Solutions has a workforce of 40 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Rip-It Solutions, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Rip-It Solutions's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Rip-It Solutions

Recent activity within the organization

  • Annual General Meeting

    Rip-It Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Rip-It Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

    31 Mar 2024

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 1.60 M with Charge ID 100773254 was registered on 11 May 2023.

    11 May 2023

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 1.20 M with Charge ID 100548209 was registered on 03 Mar 2022.

    03 Mar 2022

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 4.00 M with Charge ID 100385922 was registered on 30 Oct 2020.

    30 Oct 2020

  • Director Appointment

    Aiylam Natarajan Sridhar was appointed as a Director was appointed as a Director on 11 Apr 2012 & has been associated with this company since 12 years 10 months .

    11 Apr 2012

Frequently asked questions

  • Rip-It Solutions Private Limited was incorporated on 11 Apr 2012.

  • The authorized share capital of Rip-It Solutions Private Limited is ₹ 0.20 M and paid-up capital is ₹ 0.11 M.

  • Currently 5 directors are associated with Rip-It Solutions Private Limited.

    • Aiylam Natarajan Sridhar
    • Sriram Sridhar
    • Jason Michael Polstein
    • Matthew Evan Polstein
    • Michael Allan Polstein
  • As per Ministry of Corporate Affairs (Mca), the registered address of Rip-It Solutions Private Limited is Second Floor Plot No.3 4 Fourrts Avenue Road, Okkiyam Thoraipakkam India, Chennai, Tamil Nadu, 600096.

  • The corporate identification number (CIN) of Rip-It Solutions Private Limited is U72900TN2012FTC085378 and the company number is 085378 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Rip-It Solutions Private Limited is https://www.ripitsolutions.com

  • According to the financial reports for the fiscal year 2020, the revenue trend for Rip-It Solutions Private Limited has risen by 3.88%.

  • As Per 2020 financial reports, 40 employees are currently employed by Rip-It Solutions Private Limited.

  • The financial reports for the fiscal year 2020 indicates that The net worth of Rip-It Solutions Private Limited has experienced an upsurge of 33.16%.

  • As per the financial statements for fiscal Year 2020, The total open charges for Rip-It Solutions Private Limited amount to ₹ 6.80 M.

  • The most recent Balance Sheet for Rip-It Solutions Private Limited was filed with the ROC on 31 Mar 2024.