Hosted by Bollywood star Farhan Akhtar, the show saw participants being challenged to showcase their skills through various tasks.
Rithvik beat Gurmeet Choudhary, Gauahar Khan and Madhurima Tuli in the finals to bag the trophy, which was presented to him by Farhan.
"It feels fantastic to win the show, it is a great feeling. 'I Can Do That' has been the most challenging show of my life and the result has been overwhelming. It is good to know I will be in the history as the first winner of the season of the show," Rithvik told PTI after his win.
"More than being emotional it was a very proud moment for me. I was reliving the earlier days when I used to perform magic tricks to earn extra bucks.
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"When I came to Mumbai from Dubai to become an actor, I used to entertain people at parties by showing some card tricks. To do a grand magical act in the finale, which got me a trophy was extremely wonderful," he said.
While Gauahar was announced as the first runner-up, Rithvik's close friend actor Gurmeet stood at the second runner-up position.