Company Intelligence Profile
Ritih Solutions Private Limited
Ritih Solutions Private Limited is a Bengaluru-based, DPIIT-recognised startup operating a B2B wholesale grocery supply platform.
Last updated 17 August 2026
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Deeper analysis, financial signals and peer comparisons.
Company Identity
Confirmed| Registered name | Ritih Solutions Private Limited |
|---|---|
| CIN | U15100KA2021PTC153332 |
| PAN | Not available in the public sources reviewed. |
| Status | Active |
| Listing | Unlisted (private limited company) |
| Incorporated | 21 October 2021 |
| ROC | RoC Bangalore |
| Sector (NIC) | E-commerce / B2B wholesale trade — NIC Main Activity Group "G" (Trade), Business Activity Code G2 (Retail/Wholesale Trading); listed on TheCompanyCheck as "General E-Commerce Platforms" |
| Registered address | Plot No. 28, Bommasandra Industrial Area, Attibele Hobli, Anekal Taluk, Bangalore South, Karnataka, India – 560099 |
| Authorized capital | ₹10 Lakh |
| Paid-up capital | ₹10 Lakh |
Business Overview
Confirmed- Ritih Solutions Private Limited is a Bengaluru-based, DPIIT-recognised startup operating a B2B wholesale grocery supply platform
- Per its own website (ritihsolutions.com), it sources groceries directly from farmers and positions itself as a large wholesale grocery distributor for retail businesses across India, also referencing adjacent product lines (fashion/"VT Products", accessories, and auto-related items) and offering logistics/distribution and marketing support to retail partners
- Registered CIN activity code suggests a hybrid online-B2B-marketplace + physical wholesale distribution model
- Note: TheCompanyCheck also shows a "Previous CIN" of U67190KA2021PTC153332, indicating the company's registered business activity classification changed at some point after incorporation (from a non-trade code to the current trade/e-commerce code) — flagged as a data point, not independently explained by any source found
Directors
Partial / conflictingFour directors identified (Source: TheCompanyCheck; DINs not displayed/not obtained on any source checked):
- Karthik Balakrishnan — Director (appointed 21 Oct 2021, at incorporation)
- Whokoday Rajendranathrao Sony — Managing Director (appointed 13 Jun 2024)
- Rajasree Sreenath — Additional Director (appointed 30 May 2024)
- Raju Loganathan — Additional Director (appointed 27 Nov 2024)
DIN numbers: not obtained (Falconebiz, the intended best DIN source, was captcha-gated on this session and could not be queried without solving a CAPTCHA, which is prohibited).
Financials
Partial / conflicting| Revenue (FY2023, year ended 31 Mar 2023) | ₹59.95 Crore (reported as a very large YoY jump from a near-zero incorporation-year base — plausible for a first full operating year but treat the percentage figure as noise, not signal) |
|---|---|
| EBITDA | locked/not obtained |
| Net Profit (PAT) | locked/not obtained |
| Net worth | not obtained |
| Total borrowings | not directly stated as a P&L/balance-sheet figure, but ₹12 Crore in open charges is registered (see Charges below) — a reasonable proxy for secured borrowings as of the charge-filing dates |
| Last AGM | 30 September 2023; Balance sheet date: 31 March 2023 |
| Employees on record | 0 (likely reflects a separate/contract workforce model typical of wholesale distribution, or a lag in filing — not independently confirmed) |
Charges & Borrowings
Confirmed- Total open charges: ₹12 Crore
- Canara Bank: ₹10.5 Crore, charge dated 30 Nov 2024
- Other charge-holder (unnamed on free tier): ₹1.5 Crore, charge dated 08 Nov 2024
- Satisfied/closed charges: ₹0 (none satisfied to date)
This is consistent with — and likely the commercial backdrop for — the Tata Capital Limited litigation below (a Tata Capital Financial Services-originated facility, later transferred to Tata Capital Limited), though no source directly links the specific charge entries to the specific litigation.
Legal / Litigation
ConfirmedConfirmed via Indian Kanoon — three related Madras High Court filings, all Tata Capital Limited vs. Ritih Solution Private Limited (respondents also named individually: W R Sony and Karthik Balakrishnan): 1. Arb O.P.(Comm.Div.) No. 189 of 2026 — arbitration application; order dated 30 Jul 2026 permitting substituted service via newspaper publication (English + vernacular daily) and court notice-board affixation, publication deadline 07 Aug 2026, next listed 01 Sep 2026. (https://indiankanoon.org/doc/47458523/) 2. P(Comm Div.) No. 189 of 2026 — related commercial proceeding; order dated 18 Jun 2026 directing fresh notice to the respondents' correct address, returnable in four weeks. (https://indiankanoon.org/doc/144751073/) 3. A No. 3264 of 2026 — companion application, dated 30 Jul 2026. (https://indiankanoon.org/doc/24896331/, not individually opened but listed alongside #1 in search results) These appear to be procedural/interim orders in an ongoing arbitration dispute initiated by Tata Capital Limited (as transferee of Tata Capital Financial Services Limited) against the company and two of its directors personally — consistent with a loan/facility recovery dispute. No monetary claim amount or final outcome is available yet; matter is still pending as of the fetch date.
Competitors
Partial / conflictingPartial/inferred (not directly sourced — based on sector knowledge of Indian B2B wholesale grocery/FMCG distribution and retail-tech platforms; treat as indicative peer set, not a verified competitor list):
- Udaan (large horizontal B2B wholesale marketplace, much larger scale, well-funded unicorn)
- Jumbotail (B2B grocery/FMCG marketplace for kirana stores, similar segment, funded scale-up)
- ElasticRun (B2B rural distribution/logistics for FMCG & grocery, larger scale)
- Otipy (B2B/D2C fresh grocery supply chain, similar early/growth stage)
- Bijnis / Metro Cash & Carry India / Reliance Retail's wholesale arm (larger organized wholesale cash-and-carry competitors)
Ritih Solutions appears to be a small, regional (Bengaluru/Karnataka-centric) player by comparison — its ₹10 Lakh capital base and single-digit-crore charge sizes are far smaller than the funded platforms above.
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