Sourceitright Private Limited

Online portal for fabric and silk products, including premium, print, dyed, and dupion varieties.

2016 | Ahmedabad, Gujarat (India) | Active
Last Updated: December 25, 2024

Sourceitright Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 5.00 M
  • Company Age 8 Year, 8 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth 4.41%
  • Profit Growth -10.66%
  • Ebitda 91.40%
  • Net Worth -685.76%
  • Total Assets -14.03%

About Sourceitright

Sourceitright Private Limited (SPL) is a Private Limited Indian Non-Government Company incorporated in India on 31 May 2016 (Eight years and eight months 17 days old ). Its registered office is in Ahmedabad, Gujarat, India.

The Company is engaged in the E-Commerce 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 5.00 M and a paid-up capital of Rs 5.00 M, as per Ministry of Corporate Affairs (MCA) records.

Jayesh Shah and Dhruvit Shah serve as directors at the Company.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    sourceitright.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74999GJ2016PTC092264

  • Company No.

    092264

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    31 May 2016

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

E-Commerce

What products or services does Sourceitright Private Limited offer?

Sourceitright Private Limited offers a wide range of products and services, including Apparel Fabrics & Clothing Textiles, Natural Fabric, Cotton Textile, Other Textile Fabrics, Industrial Textiles Fabrics, Braided Fabric, Textil, Fabric Raising, Te Fabri, Polyester Satin Fabric.

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

Board Members (2)

Name Designation Appointment Date Status
Dhruvit Shah Country flag representing In Director 31-May-2016 Current
Jayesh Shah Country flag representing In Director 31-May-2016 Current

Financial Performance of Sourceitright.

Sourceitright Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 4.41% increase. The company also saw a substantial fall in profitability, with a 10.66% decrease in profit. The company's net worth observed a substantial decline by a decrease of 685.76%.

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
4.41%
Revenue from Operations
4.54%
Total Assets
-14.03%
Profit or Loss
-10.66%
Net Worth
-685.76%
EBITDA
91.40%

What is the Ownership and Shareholding Structure of Sourceitright?

In 2023, Sourceitright had a public holding of 28.00%. 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 Sourceitright?

Sourceitright has a workforce of 27 employees as of Apr 08, 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 Sourceitright, 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 Sourceitright'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 Sourceitright

Recent activity within the organization

  • Annual General Meeting

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

    30 Sep 2024

  • Balance Sheet

    Sourceitright Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

    31 Mar 2024

  • Director Appointment

    Jayesh Navinchandra Shah was appointed as a Director was appointed as a Director on 31 May 2016 & has been associated with this company since 8 years 8 months .

    31 May 2016

  • Director Appointment

    Dhruvit Jayeshkumar Shah was appointed as a Director was appointed as a Director on 31 May 2016 & has been associated with this company since 8 years 8 months .

    31 May 2016

  • Company Incorporation

    Sourceitright Private Limited was registered on 31 May 2016 with Roc Ahmedabad & aged 8 years 8 months as per MCA records.

    31 May 2016

Frequently asked questions

  • Sourceitright Private Limited was incorporated on 31 May 2016.

  • The authorized share capital of Sourceitright Private Limited is ₹ 5.00 M and paid-up capital is ₹ 5.00 M.

  • Currently 2 directors are associated with Sourceitright Private Limited.

    • Jayesh Navinchandra Shah
    • Dhruvit Jayeshkumar Shah
  • As per Ministry of Corporate Affairs (Mca), the registered address of Sourceitright Private Limited is 7 G.F. Manas Complex Sur- 215 T.P.5.P.P.-13 Near Jodhpur Char Rasta, Satellite Road India, Ahmadabad City, Gujarat, 380015.

  • The corporate identification number (CIN) of Sourceitright Private Limited is U74999GJ2016PTC092264 and the company number is 092264 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Sourceitright Private Limited is https://www.sourceitright.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Sourceitright Private Limited has risen by 4.41%.

  • As Per 2023 financial reports, 27 employees are currently employed by Sourceitright Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Sourceitright Private Limited has experienced an downturn of -685.76%.

  • The most recent Balance Sheet for Sourceitright Private Limited was filed with the ROC on 31 Mar 2024.