DPIIT recognised startup Government of India
Startup India
Airace Technologies Private Limited
Airace Technologies Private Limited - information technology in Bangalore, Karnataka, India. Directors, charges & compliance details.
Revenue · FY 2024
₹80.21 Lakh
▼ 30% YoY
Net loss · FY 2024
₹1.93 Lakh
Net margin -2.4%
EBITDA · FY 2024
-₹2.48 Lakh
EBITDA margin -3.1%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹75 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
3
As per MCA filings
Brands
1
Associated brands
About Airace Technologies Private Limited
Data last updated:
Airace Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 09 September 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2021PTC151607.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹75 Lakh. It is led by directors including Pallabi Priyadarshani and Swayambhu Mohanty.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 677 First Floor. Suite 1024 27th Main 13th Cross Sector 1 Hsr Layout, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2024, the company reported a revenue of ₹80.21 Lakh, a decline of 30% compared to the previous year. For the same year it recorded a net loss of ₹1.93 Lakh (net margin -2.4%) and EBITDA of -₹2.48 Lakh (EBITDA margin -3.1%).
The company is associated with 1 brand: Airace.
Airace Technologies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0190098).
Company details
CIN U74999KA2021PTC151607
Registration Number 151607
Incorporation Date 09 September 2021
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0190098
Key People
Tushar Mohanty Additional Director Pallabi Priyadarshani Director Swayambhu Mohanty Director Recognitions & Rankings of Airace Technologies
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0190098
Contact details
Airace Technologies Private Limited's registered office is in Bangalore, Karnataka.
- Registered Address677 First Floor. Suite 1024 27th Main 13th Cross Sector 1 Hsr Layout, Bangalore, Karnataka, India – 560102
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
Comprehensive company report
Airace Technologies Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Airace Technologies is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Airace Technologies Private Limited, buy the company report.
Financials of Airace Technologies Private Limited
FY 2025 filings availableAirace Technologies Private Limited reported revenue of ₹80.21 Lakh (down 30% YoY) for FY 2024.
Revenue · FY 2024
₹80.21 Lakh ▼ 30%
Net loss · FY 2024
₹1.93 Lakh margin -2.4%
EBITDA · FY 2024
-₹2.48 Lakh margin -3.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 30%
EBITDA CAGR growth
1 year
▼ 215%
Revenue fell 30% in the latest year. EBITDA fell 215% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹2.48 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹1.93 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -3.1% | ||
| Net Profit Margin | -2.4% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Airace Technologies Private Limited, buy the company report.
Board of directors of Airace Technologies Private Limited
Airace Technologies has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tushar Mohanty | Additional Director | 23 Jul 2024 | 2 Years 3 Months | Current |
| Pallabi Priyadarshani Also directs: Biswajit Minerals Private Limited | Director | 13 Jun 2025 | 1 Years 4 Months | Current |
| Swayambhu Mohanty | Director | 09 Sep 2021 | 5 Years 1 Months | Current |
Legal cases
No court or tribunal cases involving Airace Technologies Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Airace Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Airace Technologies Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Airace Technologies Private Limited has 4 board changes on record since 2021: 3 appointments and 1 cessation. The latest: Pallabi Priyadarshani was appointed as Director on 13 Jun 2025.
AGM
Airace Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Pallabi Priyadarshani was appointed as Director.
Filing
Airace Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Nitin Kumar ceased to be Director.
Appointed
Tushar Mohanty was appointed as Additional Director.
Appointed
Swayambhu Mohanty was appointed as Director.
Incorporation
09 Sep 2021
Airace Technologies Private Limited was registered on 09 Sep 2021 with Roc Bangalore & aged 5 years 1 month as per MCA records.
Frequently asked questions
Airace Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 09 September 2021 (5+ years old) and is registered under CIN U74999KA2021PTC151607.
Airace Technologies has 3 current directors:
- Tushar Mohanty - Additional Director
- Pallabi Priyadarshani - Director
- Swayambhu Mohanty - Director
The latest financial statements of Airace Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2022 are in the company report.
The CIN (Corporate Identification Number) of Airace Technologies is U74999KA2021PTC151607. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Airace Technologies was incorporated on 09 September 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
Pallabi Priyadarshani was appointed as Director on 13 Jun 2025. Nitin Kumar ceased to be Director on 26 Mar 2025. Tushar Mohanty was appointed as Additional Director on 23 Jul 2024. Airace Technologies has 4 board changes on record in total.
Yes, Airace Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Airace Technologies is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0190098).
The registered office of Airace Technologies is at 677 First Floor. Suite 1024 27th Main 13th Cross Sector 1 Hsr Layout, Bangalore, Karnataka, India – 560102.
Airace Technologies operates in the information technology industry, in the electronic components and equipment manufacturing segment.