Racks Connect (India) Private Limited

Founded in 2016 and headquartered in Maharashtra, India.

2016 | Thane, Maharashtra (India) | Active
Last Updated: December 13, 2024

Racks Connect (India) Profile

Key Indicators

  • Authorised Capital ₹ 2.00 M
  • Paid Up Capital ₹ 2.00 M
  • Company Age 8 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth 50525.00%
  • Profit Growth 75.33%
  • Ebitda 70.95%
  • Net Worth -36.48%
  • Total Assets -23.34%

About Racks Connect (India)

Racks Connect (India) Private Limited (RCIPL) is a Private Limited Indian Non-Government Company incorporated in India on 03 May 2016 (Eight years and nine months 0 days old ). Its registered office is in Thane, Maharashtra, India.

The Company is engaged in the Information Technology 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 2.00 M and a paid-up capital of Rs 2.00 M, as per Ministry of Corporate Affairs (MCA) records.

Rajiv Sinha, Ranjeet Mukherjee, Suresh Patil, and Two other members serve as directors at the Company.

Company Details

  • Location

    Thane, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U72900MH2016PTC280570

  • Company No.

    280570

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    03 May 2016

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Information Technology

Who are the key members and board of directors at Racks Connect (India)?

Board Members (5)

Name Designation Appointment Date Status
Suresh Patil Country flag representing In Director 03-May-2016 Current
Irvin Pinto Country flag representing In Director 03-May-2016 Current
Rajiv Sinha Country flag representing In Additional Director 01-Jul-2024 Current
Ranjeet Mukherjee Country flag representing In Additional Director 01-Jul-2024 Current
Blossom Nandi Country flag representing In Director 01-Nov-2016 Current

Financial Performance of Racks Connect (India).

Racks Connect (India) Private Limited, for the financial year ended 2020, experienced significant growth in revenue, with a 50525% increase. The company also saw a substantial improvement in profitability, with a 75.33% increase in profit. The company's net worth observed a substantial decline by a decrease of 36.48%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
50525.00%
Revenue from Operations
Total Assets
-23.34%
Profit or Loss
75.33%
Net Worth
-36.48%
EBITDA
70.95%

What is the Ownership and Shareholding Structure of Racks Connect (India)?

In 2020, Racks Connect (India) had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Racks Connect (India)?

Unlock and access historical data on people associated with Racks Connect (India), such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Racks Connect (India), 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 Racks Connect (India)'s trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on Racks Connect (India)

Recent activity within the organization

  • Annual General Meeting

    Racks Connect (India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Director Appointment

    Rajiv Kumar Sinha was appointed as a Additional Director was appointed as a Additional Director on 01 Jul 2024 & has been associated with this company since 7 months 2 days .

    01 Jul 2024

  • Director Appointment

    Ranjeet Devabrata Mukherjee was appointed as a Additional Director was appointed as a Additional Director on 01 Jul 2024 & has been associated with this company since 7 months 2 days .

    01 Jul 2024

  • Balance Sheet

    Racks Connect (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

    31 Mar 2024

  • Director Appointment

    Blossom Aniruddha Nandi was appointed as a Director was appointed as a Director on 01 Nov 2016 & has been associated with this company since 8 years 3 months .

    01 Nov 2016

  • Director Appointment

    Suresh Ananda Patil was appointed as a Director was appointed as a Director on 03 May 2016 & has been associated with this company since 8 years 9 months .

    03 May 2016

Frequently asked questions

  • Racks Connect (India) Private Limited was incorporated on 03 May 2016.

  • The authorized share capital of Racks Connect (India) Private Limited is ₹ 2.00 M and paid-up capital is ₹ 2.00 M.

  • Currently 5 directors are associated with Racks Connect (India) Private Limited.

    • Rajiv Kumar Sinha
    • Ranjeet Devabrata Mukherjee
    • Suresh Ananda Patil
    • Blossom Aniruddha Nandi
    • Irvin Cajetan Pinto
  • As per Ministry of Corporate Affairs (Mca), the registered address of Racks Connect (India) Private Limited is Unit No. 6 Building 3 Mbp Mahape, India, Navi Mumbai, Maharashtra, 400710.

  • The corporate identification number (CIN) of Racks Connect (India) Private Limited is U72900MH2016PTC280570 and the company number is 280570 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Racks Connect (India) Private Limited is https://www.racksconnect.com

  • According to the financial reports for the fiscal year 2020, the revenue trend for Racks Connect (India) Private Limited has risen by 50525.00%.

  • The financial reports for the fiscal year 2020 indicates that The net worth of Racks Connect (India) Private Limited has experienced an downturn of -36.48%.

  • The most recent Balance Sheet for Racks Connect (India) Private Limited was filed with the ROC on 31 Mar 2024.