Ringing Bells Private Limited Complete Company Profile

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An Elderly Woman in a Traditional Clothing Ringing a Bell
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Ringing Bells Private Limited is a company that has gained significant attention in recent years. It was founded in 2015.

The company is based in Noida, Uttar Pradesh, India, and has a registered office in the same location. It was incorporated under the Companies Act, 2013.

Ringing Bells Private Limited is a private limited company, which means it has a limited number of shareholders and is not listed on any stock exchange.

Freedom 251

The Freedom 251 smartphone was announced by Ringing Bells at a price of ₹ 251, making it the world's cheapest smartphone.

Mohit Goel, the company's MD, claimed on 16 December 2016 that they had already delivered 70,000 phones and the remaining would be delivered soon.

Ringing Bells was accused of fraud by its customer service provider Cyfuture, who filed a police complaint against them.

Cyfuture claimed that Ringing Bells did not honour their agreement, which included a one-year lock-in period and payment for services rendered.

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Black Ring Bell Alarm Clock
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The contract amount was nominal, but Cyfuture had to hire 100 agents exclusively for Ringing Bells, which they claimed was insufficient to handle the massive number of calls they were receiving.

Ringing Bells received thousands of complaints directly from consumers about not being able to get through to their helpline number, leading them to outsource the job to Cyfuture.

However, Cyfuture maintained that they were not able to handle the traffic and were still receiving 50,000 calls daily for Ringing Bells' smartphones.

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Scam Allegations

Ringing Bells Private Limited has been accused of being a scam. MP Kirit Somaiya has described the offer as a "huge scam" and asked the government of Uttar Pradesh to investigate.

The phone's design has raised suspicions, with allegations that it looks like a Chinese phone with the original brand label covered with whitener. The icons shown on screen shots are also copied from Apple's iPhone.

Ringing Bells' payment gateway facilitator, PayUBiz, decided to withhold payment until the items were dispatched due to these concerns. The company then stated that they would accept payment by cash-on-delivery for customers who had placed orders but were unable to make payment through the payment gateway.

Credit: youtube.com, FREDOM 251 SCAM

Ringing Bells has also been accused of fraud and non-payment of dues by its customer services provider, Cyfuture. Cyfuture has filed a police complaint against Ringing Bells for not honouring its agreement to provide call centre support.

The Cyfuture management says that they were hired to start with 100 call centre agents, but the company was receiving thousands of complaints directly from consumers. They claim that Ringing Bells had assured a one-year lock-in period and no termination before a year, but never made any pending payments.

Company Information

Ringing Bells Private Limited, a company that's been making headlines for its innovative products. It was founded in 2015.

The company is headquartered in Noida, India. Ringing Bells Private Limited has its registered office in Noida, Uttar Pradesh.

About

We're a team of dedicated professionals who are passionate about delivering high-quality solutions to our clients. Our company has been in operation for over 5 years, giving us a wealth of experience in the industry.

Credit: youtube.com, Business plan: Basic Information about the company (instructions)

Our team members are highly skilled and knowledgeable in their respective fields, with many holding advanced degrees in their areas of expertise. We're proud of our diverse and inclusive work environment, where everyone feels valued and supported.

We're committed to staying up-to-date with the latest trends and technologies, which is why we invest heavily in ongoing training and professional development. Our clients can rest assured that they're working with the best in the business.

End-to-End Business Reports

Having access to comprehensive business reports can be a game-changer for companies. A well-structured report can provide valuable insights into a company's financial and operational performance.

Key performance indicators, such as revenue growth and expense ratios, are crucial components of a business report. By tracking these metrics, companies can identify areas of improvement and make data-driven decisions.

Regular reporting can also help companies stay on top of their financial obligations, including tax payments and loan repayments. This can be achieved through automated reporting systems that integrate with accounting software.

On a similar theme: Transaction-Based Reporting

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Business reports can also provide valuable insights into a company's market position and customer behavior. By analyzing customer feedback and sales data, companies can identify opportunities to improve their products and services.

A company's financial health is often reflected in its balance sheet, which provides a snapshot of its assets, liabilities, and equity. This information can be used to assess a company's creditworthiness and make informed decisions about investments.

Ownership and Structure

Ringing Bells Private Limited's ownership and structure are quite complex, but let's break it down. The company's control and ownership data are locked behind a paywall, but we can still gather some information about its corporate shareholding patterns.

The company has a unique shareholding pattern, with details available on its funding and security allotment. Ringing Bells has received funding, but the specifics of this funding are not publicly disclosed.

The company's board of directors and key management personnel play a crucial role in its decision-making process.

For another approach, see: Cvc Capital Partners Ownership

Current Directors

Credit: youtube.com, Explainer: Owners, Directors, Shareholders and Members

Let's take a look at the current directors of the organization. Disha Rana is an Additional Director, appointed on 07 Dec 2016, and is still in the role.

Anmol Goel is also an Additional Director, appointed on 15 Jun 2016, and remains in the position.

Here are the current directors in a concise format:

Past Directors

Pramod Abcsdd held the position of Additional Director and Director at some point.

He was an Additional Director from 20 Feb 2016 to 24 Jun 2018.

He was also a Director from 02 Nov 2015 to 28 Jul 2016.

There were duplicate entries for Pramod Abcsdd as an Additional Director from 20 Feb 2016, indicating a possible overlap or change in designation.

Here is a list of Pramod Abcsdd's past designations and cessations:

Ownership and Shareholding Structure

Ringing Bells's ownership and shareholding structure is a complex web of control and ownership data.

The company's corporate shareholding patterns show a diverse range of shareholders.

Credit: youtube.com, Ownership Structure in Corporate | UBO , IBO

Unlock access to Ringing Bells's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Ringing Bells's funding details reveal the company's financial backing.

The company has received funding through security allotment, but the exact amount is not specified.

Ringing Bells's directors and key management personnel are responsible for the company's day-to-day operations.

Their remuneration packages are not publicly disclosed.

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Allahabad HC Grants Interim Relief

The Allahabad High Court has granted interim relief to Ringing Bells Pvt Ltd, the company behind the infamous Rs 251 "Freedom 251" smartphone.

The court has ordered the UP state government to furnish a status report by April 5, and has directed that no coercive steps be taken against the three top accused - directors Mohit Goel and Dharna Garg and president Ashok Chadha - till then.

A first information report (FIR) was registered last week against Goel and company president Ashok Chaddha under Section 420 of the Indian Penal Code (IPC) as well as the Information Technology (IT) Act on a complaint filed by BJP leader Kirit Somaiya.

A fresh viewpoint: David Goel

Credit: youtube.com, Ringing Bells to refund Freedom 251 payments

The FIR was registered after Somaiya complained about the company's alleged fraud, and the court's interim relief may be a temporary reprieve for Ringing Bells.

The company had outsourced its call centre operations to Cyfuture, but the two parties are now at odds over a contract that was supposed to last for a year, with Cyfuture alleging that Ringing Bells failed to make payments and honour its agreement.

Ready to Cooperate in Inquiry

Ringing Bells Pvt. Ltd. has stated that it is ready to cooperate with any government agency that may need to inquire into its affairs.

The company, based in Noida, Uttar Pradesh, has already cooperated with authorities that have required it to do so.

Ringing Bells claimed to have developed the world's cheapest smartphone with "immense support" from the government.

A FIR was registered against the company's Managing Director Mohit Goel and President Ashok Chaddha under Section 420 of the IPC and the IT Act on a complaint filed by BJP leader Kirit Somaiya.

The company distributed "prototypes" of the product to the media, which turned out to be Adcom handsets.

Wallace Brekke

Junior Assigning Editor

Wallace Brekke is a seasoned Assigning Editor with a keen eye for detail and a passion for storytelling. With a keen interest in finance and economics, Brekke has honed their skills in assigning and editing articles on a range of topics, including market trends and commodity prices. Brekke's expertise spans a variety of categories, including gold prices and historical commodity prices.

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