Ritechoice Foundations & Engineering Private Limited

Constructs residential, commercial, and industrial projects with over 1 million sq ft of experience.

1992 | Chennai, Tamil Nadu (India) | Active
Last Updated: December 10, 2024

Ritechoice Foundations & Engineering Profile

Key Indicators

  • Authorised Capital ₹ 6.00 Cr
  • Paid Up Capital ₹ 2.77 Cr
  • Company Age 32 Year, 5 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 7.00 Cr
  • Satisfied Charges ₹ 14.40 Cr
  • Revenue Growth 29.04%
  • Profit Growth 31506.04%
  • Ebitda 139.77%
  • Net Worth 2.36%
  • Total Assets -6.91%

About Ritechoice Foundations & Engineering

Ritechoice Foundations & Engineering Private Limited (RFEPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 19 August 1992 and has a history of 32 years and five months. Its registered office is in Chennai, Tamil Nadu, India.

The Corporate was formerly known as Ritechoice Properties Private Limited. The Company is engaged in the Real Estate And Construction Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 6.00 Cr and a paid-up capital of Rs 2.77 Cr.

The company currently has active open charges totaling ₹7.00 Cr. The company has closed loans amounting to ₹14.40 Cr, as per Ministry of Corporate Affairs (MCA) records.

Sridhar Sujatha, Krishnamurthy Sridhar, and Sridhar Vinodh serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U70101TN1992PTC023304

  • Company No.

    023304

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    19 Aug 1992

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Real Estate and Construction

Who are the key members and board of directors at Ritechoice Foundations & Engineering?

Board Members (3)

Name Designation Appointment Date Status
Sridhar Sujatha Country flag representing In Director 30-Jun-1998 Current
Krishnamurthy Sridhar Country flag representing In Director 20-Dec-1999 Current
Sridhar Vinodh Country flag representing In Director 22-May-2003 Current

Financial Performance of Ritechoice Foundations & Engineering.

Ritechoice Foundations & Engineering Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 29.04% increase. The company also saw a substantial improvement in profitability, with a 31506.04% increase in profit. The company's net worth moved up by a moderate rise of 2.36%.

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
29.04%
Revenue from Operations
31.79%
Total Assets
-6.91%
Profit or Loss
31506.04%
Net Worth
2.36%
EBITDA
139.77%

What is the Ownership and Shareholding Structure of Ritechoice Foundations & Engineering?

In 2022, Ritechoice Foundations & Engineering 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

₹7.00 Cr

Satisfied Charges

₹14.40 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 7.00 Cr

Latest Charge Details

Date Lender Amount Status
02 Feb 2024 State Bank Of India ₹7.00 Cr Open
23 Sep 2014 State Bank Of India ₹9.25 Cr Satisfied
31 Jul 2008 Vijaya Bank ₹2.00 Cr Satisfied
30 Jun 2005 Vijaya Bank ₹1.50 Cr Satisfied
17 Mar 2004 Vijaya Bank ₹1.65 Cr Satisfied

How Many Employees Work at Ritechoice Foundations & Engineering?

Unlock and access historical data on people associated with Ritechoice Foundations & Engineering, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Ritechoice Foundations & Engineering, 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 Ritechoice Foundations & Engineering'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 Ritechoice Foundations & Engineering

Recent activity within the organization

  • Charges

    A charge with State Bank Of India amounted to Rs. 7.00 Cr with Charge ID 100861047 was registered on 02 Feb 2024.

    02 Feb 2024

  • Annual General Meeting

    Ritechoice Foundations & Engineering Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Charges

    A charge registered on 23 Sep 2014 via Charge ID 10523470 with State Bank Of India was fully satisfied on 21 Apr 2023.

    21 Apr 2023

  • Charges

    A charge registered on 17 Mar 2004 via Charge ID 90306723 with Vijaya Bank was fully satisfied on 21 Apr 2023.

    21 Apr 2023

  • Balance Sheet

    Ritechoice Foundations & Engineering Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.

    31 Mar 2023

  • Charges

    A charge registered on 31 Jul 2008 via Charge ID 10118008 with Vijaya Bank was fully satisfied on 24 Nov 2014.

    24 Nov 2014

Frequently asked questions

  • Ritechoice Foundations & Engineering Private Limited was incorporated on 19 Aug 1992.

  • The authorized share capital of Ritechoice Foundations & Engineering Private Limited is ₹ 6.00 Cr and paid-up capital is ₹ 2.77 Cr.

  • Currently 3 directors are associated with Ritechoice Foundations & Engineering Private Limited.

    • Sridhar Sujatha
    • Krishnamurthy Cadavasal Sridhar
    • Sridhar Kadavasal Vinodh
  • As per Ministry of Corporate Affairs (Mca), the registered address of Ritechoice Foundations & Engineering Private Limited is No 25 I Main Roadkasturba Nagar Adyar India, Chennai, Tamil Nadu, 600020.

  • The corporate identification number (CIN) of Ritechoice Foundations & Engineering Private Limited is U70101TN1992PTC023304 and the company number is 023304 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Ritechoice Foundations & Engineering Private Limited is https://www.ritechoiceengineering.com

  • According to the financial reports for the fiscal year 2022, the revenue trend for Ritechoice Foundations & Engineering Private Limited has risen by 29.04%.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Ritechoice Foundations & Engineering Private Limited has experienced an upsurge of 2.36%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Ritechoice Foundations & Engineering Private Limited amount to ₹ 7.00 Cr.

  • The most recent Balance Sheet for Ritechoice Foundations & Engineering Private Limited was filed with the ROC on 31 Mar 2023.