Rites Profile
Key Indicators
- Authorised Capital ₹ 600.00 Cr
- Paid Up Capital ₹ 480.60 Cr
- Company Age 51 Year, 16 Days
- Last Filing with ROC 31 Mar 2024
- Revenue Growth -0.84%
- Profit Growth 6.73%
- Ebitda 0.52%
- Net Worth 4.33%
- Total Assets 2.77%
About Rites
Rites Limited (RL) was founded in India on 26 April 1974 and has a glorious history of 51 years . Its registered office is in Delhi, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 541556 and on the National Stock Exchange(NSE) under RITES.
The Corporate was formerly known as Rail India Technical & Economic Services Limited. The Company is engaged in the Financial Services 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 600.00 Cr and a paid-up capital of Rs 480.60 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Rites Limited India are Rahul Mithal as Ceo, Krishna Agarwal as Cfo, and Ashok Mishra as Company Secretary. Sandeep Jain, Arun Singh, Deepak Tripathi, and Three other members serve as directors at the Company.
Company Details
- Location
Delhi, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
Financial Services
Business Outsourcing
Engineering
Transport and Logistics
Rites Limited
Explore comprehensive data for Rites Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Rites?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Rahul Mithal | CEO | 07-Oct-2021 | Current |
| Krishna Agarwal | CFO | 25-Aug-2023 | Current |
Ashok Mishra  | Company Secretary | 20-Mar-2024 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sandeep Jain | Nominee Director | 17-Dec-2021 | Current |
| Arun Singh | Whole-Time Director | 26-Sep-2022 | Current |
| Deepak Tripathi | Whole-Time Director | 27-Mar-2023 | Current |
| Krishna Agarwal | Whole-Time Director | 01-Aug-2023 | Current |
| Shailendra Singh | Nominee Director | 27-Mar-2024 | Current |
Financial Performance of Rites.
Rites Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 0.84% decrease. The company also saw a slight improvement in profitability, with a 6.73% increase in profit. The company's net worth moved up by a moderate rise of 4.33%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Rites?
In 2022, Rites had a promoter holding of 72.20% and a public holding of 27.80%. The company had 1 Subsidiary and 2 Joint Ventures. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Maharashtra Metro Rail Corporation LimitedSandeep Jain is a mutual person
Gpcl Consulting Services LimitedKrishna Agarwal is a mutual person
Ferro Scrap Nigam LimitedAshok Mishra is a mutual person
Container Corporation Of India LimitedSandeep Jain is a mutual person
Elicius Energy Private LimitedDeepak Tripathi is a mutual person
Indian Railway Stations Development Corporation LimitedKrishna Agarwal is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Sbi : 0.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Feb 1989 | Sbi | ₹0.00 | Satisfied |
How Many Employees Work at Rites?
Rites has a workforce of 1367 employees as of Apr 03, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Rites, 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 Rites's trajectory.
Rating
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
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 Rites
Recent activity within the organization
- Annual General Meeting
Rites Limited last Annual general meeting of members was held on 12 Sep 2024 as per latest MCA records.
- Balance Sheet
Rites Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
- Director Appointment
Shailendra Singh was appointed as a Nominee Director was appointed as a Nominee Director on 27 Mar 2024 & has been associated with this company since 1 year 1 month .
- Director Appointment
Ashok Mishra was appointed as a Company Secretary was appointed as a Company Secretary on 20 Mar 2024 & has been associated with this company since 1 year 1 month .
- Director Appointment
Krishna Gopal Agarwal was appointed as a Cfo was appointed as a Cfo on 25 Aug 2023 & has been associated with this company since 1 year 8 months .
- Director Appointment
Krishna Gopal Agarwal was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 01 Aug 2023 & has been associated with this company since 1 year 9 months .
Recent News, Updates & Announcement
Frequently asked questions
What is the Incorporation or founding date of Rites Limited?
Rites Limited was incorporated on 26 Apr 1974.
What is authorized share capital and paid-up capital of Rites Limited?
The authorized share capital of Rites Limited is ₹ 600.00 Cr and paid-up capital is ₹ 480.60 Cr.
Who are the current board members & directors of Rites Limited?
Currently 9 directors are associated with Rites Limited.
- Sandeep Jain
- Arun Kumar Singh
- Deepak Tripathi
- Krishna Gopal Agarwal
- Rahul Mithal
- Krishna Gopal Agarwal
- Ashok Mishra
- Rahul Mithal
- Shailendra Singh
What is the registered address of Rites Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Rites Limited is Scope Minar, Laxmi Nagar India, Delhi, 110092.
What is the corporate identification number (CIN) and company number of Rites Limited?
The corporate identification number (CIN) of Rites Limited is L74899DL1974GOI007227 and the company number is 007227 as per Ministry of Corporate Affairs (MCA).
Is Rites Limited registered with any stock exchange in India?
Yes, Rites Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): RITES.
What is the official website of Rites Limited?
The Official website of Rites Limited is https://www.rites.com
What has been the recent revenue trend for Rites Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Rites Limited has fallen by -0.84%.
How many employees does Rites Limited currently have?
As Per 2023 financial reports, 1367 employees are currently employed by Rites Limited.
What change has been observed in the net worth of Rites Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Rites Limited has experienced an upsurge of 4.33%.
When was the last Balance Sheet of Rites Limited filed with the ROC?
The most recent Balance Sheet for Rites Limited was filed with the ROC on 31 Mar 2024.
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