Riteways Pvt Ltd

Founded in 1960 and headquartered in Andhra Pradesh, India.

1960 | Visakhapatnam, Andhra Pradesh (India) | Active
Last Updated: January 09, 2025

Riteways Profile

Key Indicators

  • Authorised Capital ₹ 0.50 M
  • Paid Up Capital ₹ 0.50 M
  • Company Age 64 Year, 1 Month
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth -5.15%
  • Profit Growth -90.13%
  • Ebitda -36.94%
  • Net Worth 0.79%
  • Total Assets 0.46%

About Riteways

Riteways Pvt Ltd (RPL) was founded in India on 26 December 1960 and has a glorious history of 64 years and one month.Its registered office is in Visakhapatnam, Andhra Pradesh, India.

The Company is engaged in the Transportation 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 0.50 M and a paid-up capital of Rs 0.50 M, as per Ministry of Corporate Affairs (MCA) records.

Ramabrahmam Kancharla and Kancharla Prakash serve as directors at the Company.

Company Details

  • Location

    Visakhapatnam, Andhra Pradesh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U99999AP1960PTC000866

  • Company No.

    000866

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    26 Dec 1960

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Vijayawada

Industry

Transportation

Who are the key members and board of directors at Riteways?

Board Members (2)

NameDesignationAppointment DateStatus
Ramabrahmam Kancharla Country flag representing In Director 01-Jul-1989Current
Kancharla Prakash Country flag representing In Director 01-Jul-1989Current

Financial Performance of Riteways.

Riteways Pvt Ltd, for the financial year ended 2017, experienced Minor drop in revenue, with a 5.15% decrease. The company also saw a substantial fall in profitability, with a 90.13% decrease in profit. The company's net worth moved up by a moderate rise of 0.79%.

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
-5.15%
Revenue from Operations
4.15%
Total Assets
0.46%
Profit or Loss
-90.13%
Net Worth
0.79%
EBITDA
-36.94%

What is the Ownership and Shareholding Structure of Riteways?

In 2017, Riteways had a promoter holding of 19.98% and a public holding of 80.02%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Riteways?

Unlock and access historical data on people associated with Riteways, 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 Riteways, 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 Riteways'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 Riteways

Recent activity within the organization

  • Annual General Meeting

    Riteways Pvt Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Riteways Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Vijayawada.

    31 Mar 2024

  • Director Appointment

    Ramabrahmam Kancharla was appointed as a Director was appointed as a Director on 01 Jul 1989 & has been associated with this company since 35 years 7 months .

    01 Jul 1989

  • Director Appointment

    Kancharla Ramabrahmam Prakash was appointed as a Director was appointed as a Director on 01 Jul 1989 & has been associated with this company since 35 years 7 months .

    01 Jul 1989

  • Company Incorporation

    Riteways Pvt Ltd was registered on 26 Dec 1960 with Roc Vijayawada & aged 64 years 1 month as per MCA records.

    26 Dec 1960

Frequently asked questions

  • Riteways Pvt Ltd was incorporated on 26 Dec 1960.

  • The authorized share capital of Riteways Pvt Ltd is ₹ 0.50 M and paid-up capital is ₹ 0.50 M.

  • Currently 2 directors are associated with Riteways Pvt Ltd.

    • Ramabrahmam Kancharla
    • Kancharla Ramabrahmam Prakash
  • As per Ministry of Corporate Affairs (Mca), the registered address of Riteways Pvt Ltd is Platinumhouse 25-12-6Kotaveedhi, Godeyvaristreet India, Visakhapatnam, Andhra Pradesh, 530001.

  • The corporate identification number (CIN) of Riteways Pvt Ltd is U99999AP1960PTC000866 and the company number is 000866 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2017, the revenue trend for Riteways Pvt Ltd has fallen by -5.15%.

  • The financial reports for the fiscal year 2017 indicates that The net worth of Riteways Pvt Ltd has experienced an upsurge of 0.79%.

  • The most recent Balance Sheet for Riteways Pvt Ltd was filed with the ROC on 31 Mar 2024.

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