Rites Profile
Key Indicators
- Authorised Capital ₹ 300.00 Cr
- Paid Up Capital ₹ 240.30 Cr
- Company Age 50 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Revenue Growth -0.84%
- Profit Growth 6.73%
- Ebitda 0.52%
- Net Worth 4.33%
- Total Assets 2.77%
About Rites
Rites Limited (RL) is a leading Public Limited Union Government Company incorporated in India on 26 April 1974 and has a history of 50 years and ten months. Its registered office is in East Delhi, 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 2023. It's a company limited by shares with an authorized capital of Rs 300.00 Cr and a paid-up capital of Rs 240.30 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Rites Limited India are Rahul Mithal as Ceo, Ashok Mishra as Company Secretary, and Krishna Agarwal as Cfo. Laxman Tapashi, Shailendra Singh, Rahul Mithal, and Seven other members serve as directors at the Company.
Company Details
- Location
East Delhi, Delhi, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
Financial Services
Business Outsourcing
Engineering
Transport and Logistics
Who are the key members and board of directors at Rites?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rahul Mithal  | Managing Director | 07-Oct-2021 | Current |
| Ashok Mishra | Company Secretary | 20-Mar-2024 | Current |
| Krishna Agarwal | CFO | 01-Aug-2023 | Current |
Board Members (9)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Laxman Tapashi | Director | 10-Nov-2021 | Current |
| Shailendra Singh | Additional Director | 09-Apr-2024 | Current |
| Dineshananda Goswami | Director | 11-Nov-2021 | Current |
| Godawari Mishra | Director | 10-Nov-2021 | Current |
| Sandeep Jain | Nominee Director | 17-Dec-2021 | Current |
| Likha Togu | Director | 21-Jan-2022 | 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)
_PRIVATE_LIMITED.webp)
Sahayog Chits (Gokak) Private LimitedLaxman Tapashi is a mutual person
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
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.
