Rac It Solutions Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 4.96 Cr
- Company Age 16 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 56.26 Cr
- Satisfied Charges ₹ 62.22 Cr
- Revenue Growth -15.66%
- Profit Growth -61.14%
- Ebitda -18.63%
- Net Worth 16.30%
- Total Assets -7.91%
About Rac It Solutions
Rac It Solutions Private Limited (RISPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 08 April 2008 and has a history of 16 years and ten months. Its registered office is in Mumbai, Maharashtra, India.
The Company is engaged in the Financial Services 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 10.00 Cr and a paid-up capital of Rs 4.96 Cr.
The company currently has active open charges totaling ₹56.26 Cr. The company has closed loans amounting to ₹62.22 Cr, as per Ministry of Corporate Affairs (MCA) records.
Parth Pandya, Vipul Pandya, and Asha Pandya serve as directors at the Company.
Company Details
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Location
Mumbai, Maharashtra, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U72900MH2008PTC180932
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Company No.
180932
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
08 Apr 2008
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Mumbai
Industry
What products or services does Rac It Solutions Private Limited offer?
Rac It Solutions Private Limited offers a wide range of products and services, including Router, Cables & Networking Devices, Web Server, Electrical & Electronic Goods Rental, Electronic Equipment Rental, Networking Devices and Equipment, Network Storage System, Projector, Video Projector, Application Development Service, Desktop Services.
Who are the key members and board of directors at Rac It Solutions?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vipul Pandya
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Director | 08-Apr-2008 | Current |
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Parth Pandya
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Director | 24-Nov-2023 | Current |
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Asha Pandya
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Director | 08-Apr-2008 | Current |
Financial Performance of Rac It Solutions.
Rac It Solutions Private Limited, for the financial year ended 2024, experienced significant reduction in revenue, with a 15.66% decrease. The company also saw a substantial fall in profitability, with a 61.14% decrease in profit. The company's net worth Soared by an impressive increase of 16.3%.
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What is the Ownership and Shareholding Structure of Rac It Solutions?
In 2023, Rac It Solutions had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Rac Infra Rental LlpVipul Pandya and Asha Pandya are mutual person
Charges (Loans)
₹56.26 Cr
₹62.22 Cr
Charges Breakdown by Lending Institutions
- Yes Bank Limited : 45.26 Cr
- Others : 11.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 May 2023 | Others | ₹11.00 Cr | Open |
| 27 May 2022 | Yes Bank Limited | ₹45.26 Cr | Open |
| 25 Mar 2021 | Others | ₹4.50 Cr | Satisfied |
| 21 Aug 2020 | Others | ₹2.64 M | Satisfied |
| 31 Jan 2020 | Others | ₹8.15 Cr | Satisfied |
How Many Employees Work at Rac It Solutions?
Rac It Solutions has a workforce of 393 employees as of Oct 29, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Rac It Solutions, 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 Rac It Solutions's trajectory.
Rating
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
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.
