Promoter holding
64.27%
RL
Rites Limited - Due diligence report
A 360° intelligence report on Rites: trust score, financial health, credit view, compliance, directors, growth and distress signals - genera…
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Rites — 360° Intelligence Report
Generated from MCA filings & public records57/100
Trust Score
Moderate
Rites is assessed as Moderate with a Trust Score of 57/100. Rites is an active public limited union government company incorporated in 1974, operating in the Financial Services sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and moderate financial risk profile.
Report generated on 20 Jul 2026 from the latest processed filings. Rites Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreModerate
57/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
65/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
70/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
30/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 70/100 Moderate
- No open charges - unencumbered balance sheet.
- Profitable - internal accruals available.
Charges position: 0 open (-) · 1 satisfied (-).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Sbi | 1 | 48.0 cr |
Compliance Score: 42/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: MCA, BSE.
- Litigation present in 4 court forum(s).
- Delayed payments to MSME suppliers disclosed (1 disclosure(s)).
- 40 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 30/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| KRISHNA GOPAL AGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KRISHNA GOPAL AGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARUN KUMAR SINGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEEPAK TRIPATHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHOK MISHRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| LIKHA TOGU | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHAILENDRA SINGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JAYANT KUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAHUL MITHAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DINESHANANDA GOSWAMI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAHUL MITHAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Rajbir Sharma | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Purnima Kerketta | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 13 directors on the board.
- SHAILENDRA SINGH has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 6 director exits in 3 years - high churn.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2025 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
1
Group entities
4
Capital events
0 allotment(s) · 20 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Rites Afrika (pty) Limited | Subsidiary Company | 74.00% |
| Remc Limited | Subsidiary Company | 74.00% |
| Sail-rites Bengal Wagon Industry Private Limited | Joint Ventures | 74.00% |
| Indian Railway Stations Development Corporation Limited | Joint Ventures | 74.00% |
| Elicius Energy Private Limited | Associate Company | 74.00% |
Key managerial personnel: KRISHNA GOPAL AGARWAL (CFO) · KRISHNA GOPAL AGARWAL (CFO) · ARUN KUMAR SINGH (Whole-time director) · DEEPAK TRIPATHI (Whole-time director) · RAHUL MITHAL (Managing Director) · RAHUL MITHAL (CEO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 60 · Distress 55
Growth signals & trust indicators
Steady revenue growth: +38% over 4 year(s).
Operating for 52+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Profit declined two years in a row.
3 director exits within 2 years.
Compliance score is weak (42/100).
MSME payment delays disclosed - latest outstanding 63,900.00.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence50/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 3 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment62/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance gaps should be priced into terms.
Investor view61/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events17 Oct 2025
Director appointed
JAYANT KUMAR (Additional Director)
23 Sep 2025
Last AGM held
Annual general meeting
22 Sep 2025
Director ceased
Rajbir Sharma
Director ceased
Purnima Kerketta
13 Jul 2025
Director appointed
Purnima Kerketta (Director)
07 Jul 2025
Director appointed
DINESHANANDA GOSWAMI (Director)
14 May 2025
Director appointed
Rajbir Sharma (Director)
15 Apr 2025
Director appointed
LIKHA TOGU (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
11 Sep 2024
Director ceased
SHAILENDRA SINGH
27 Mar 2024
Director appointed
SHAILENDRA SINGH (Nominee Director)
20 Mar 2024
Director appointed
ASHOK MISHRA (Company Secretary)
14 Sep 2023
Director ceased
KRISHNA GOPAL AGARWAL
Director ceased
DEEPAK TRIPATHI
11 Sep 2023
Director ceased
JOSHIT RANJAN SIKIDAR
10
Key Observations
Auto-generated from the data aboveRevenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Net worth is positive.
13 active director(s) / partner(s); review board churn before relying on management continuity.
40 active GST registration(s) indicate ongoing business operations.
All 1 registered charge(s) stand satisfied - past borrowings repaid.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
9 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Dreamfolks | L51909DL2008PLC177181 | New Delhi, Delhi, India |
| Jyoti Cnc Automation | L29221GJ1991PLC014914 | Rajkot, Gujarat, India |
| Sigmachemicals | U02411KA2003PTC031488 | Bangalore, Karnataka, India |
| General Mills | U15510MH1995PTC094741 | Mumbai, Maharashtra, India |
| Exxonmobil Services & Technology Private Limited | U74900KA2015FTC080245 | Bangalore, Karnataka, India |
| Gravita | L29308RJ1992PLC006870 | Phagi, Rajasthan, India |
| Iqvia Rds (India) | U74909KA2002PTC107115 | Bangalore, Karnataka, India |
| Vestas | U40101TN1996PTC036871 | Tambaram, Tamil Nadu, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Rites before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Rites: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 70/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 60/100, margin trends, ownership structure and peer set for Rites - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 57/100, distress signals and MSME payment-delay disclosures - know whether Rites pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Rites - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Rites an active company?
Rites has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Rites financially healthy?
Rites has a Financial Health Score of 65/100 (Moderate) based on its filed financial statements.
Should I do business with Rites?
Its overall Trust Score is 57/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Rites?
Promoters hold a minority stake - exact percentages are in the full report. 13 active director(s) are on record.
Does Rites have loans or charges against its assets?
No open charges - all 1 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Rites up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).
Is it risky to lend to Rites?
Its Credit Risk Score is 70/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
