DPIIT recognised startup Government of India
Startup India
Rack AI Private Limited
Rack AI Private Limited - information technology in Bhopal, Madhya Pradesh, India. Directors, charges & compliance details.
Revenue · FY 2024
₹32.52 Cr
Latest filing
Net profit · FY 2024
₹1.6 Lakh
Net margin 0%
EBITDA · FY 2024
₹42.24 Lakh
EBITDA margin 1.3%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹15 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
Last financials
Mar 2024
Balance sheet date
About Rack AI Private Limited
Data last updated:
Rack AI Private Limited is a private limited company based in Bhopal, Madhya Pradesh, India, recognised as a startup by DPIIT. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 24 March 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U72900MP2021PTC055517.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors Neelesh Kumar Verma (Managing Director) and Vikas Hirda Parmani.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at C/O Gaurov Soni House Number 223 Sector C Indrapuri, Bhopal, Madhya Pradesh, India – 462022.
As per the financials filed for FY 2024, the company reported a revenue of ₹32.52 Cr. For the same year it recorded a net profit of ₹1.6 Lakh (net margin 0%) and EBITDA of ₹42.24 Lakh (EBITDA margin 1.3%).
Company details
CIN U72900MP2021PTC055517
Registration Number 055517
Incorporation Date 24 March 2021
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Rack AI
Contact details
Rack AI Private Limited's registered office is in Bhopal, Madhya Pradesh.
- Registered AddressC/O Gaurov Soni House Number 223 Sector C Indrapuri, Bhopal, Madhya Pradesh, India – 462022
- IndustryInformation Technology, Other Computer Related Activities
Comprehensive company report
Rack AI 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 Rack AI is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Rack AI Private Limited, buy the company report.
Financials of Rack AI Private Limited
FY 2024 filings availableRack AI Private Limited reported revenue of ₹32.52 Cr for FY 2024.
Revenue · FY 2024
₹32.52 Cr
Net profit · FY 2024
₹1.6 Lakh margin 0%
EBITDA · FY 2024
₹42.24 Lakh margin 1.3%
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| 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 | ₹42.24 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹1.6 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 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 1.3% | |||
| Net Profit Margin | 0% | |||
| 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 Rack AI Private Limited, buy the company report.
Board of directors of Rack AI Private Limited
Rack AI has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikas Hirda Parmani Also directs: Netstream Systems Limited, Parishram Mines LLP, Hiroshi Motors Private Limited and 2 more | Director | 07 Jan 2025 | 1 Years 9 Months | Current |
| Neelesh Kumar Verma | Managing Director | 03 Feb 2022 | 4 Years 8 Months | Current |
Peer comparison
Rack AI Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Felurian Technology Private Limited | ₹32.71 Cr (FY 2025) | 33.0% | New Delhi, Delhi, India | |||
| Ebizon Netinfo Private Limited | ₹32.71 Cr (FY 2025) | 41.0% | New Delhi, Delhi, India | |||
| Cyfirma India Private Limited | ₹32.57 Cr (FY 2025) | 21.0% | Bangalore, Karnataka, India | |||
| Neutrinos Software Services Private Limited | ₹32.55 Cr (FY 2024) | 18.0% | Bangalore, Karnataka, India | |||
| Rack AI Private Limitedthis company | ₹32.52 Cr (FY 2024) | ₹1.6 Lakh | 0% | Bhopal, Madhya Pradesh, India | ||
| Bikham Private Limited | ₹32.46 Cr (FY 2024) | -5.0% | Chandigarh, India | |||
| Orva Networks Private Limited | ₹32.46 Cr (FY 2025) | -41.0% | Bangalore, Karnataka, India | |||
| Heaven Techno System Private Limited | ₹32.44 Cr (FY 2025) | -71.0% | Bhopal, Madhya Pradesh, India | |||
| Frappe Technologies Private Limited | ₹32.43 Cr (FY 2025) | 48.0% | Mumbai, Maharashtra, India | |||
| Airmeet Networks Private Limited | ₹32.43 Cr (FY 2025) | -41.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Rack AI Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Rack AI 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 Rack AI 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 Rack AI Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Rack AI Private Limited has 6 board changes on record since 2022: 2 appointments and 4 cessations. The latest: Bharat Kumar Vidhan ceased to be Director on 02 Jun 2025.
Ceased
Bharat Kumar Vidhan ceased to be Director.
Ceased
Diksha Shivhare ceased to be Director.
Appointed
Vikas Hirda Parmani was appointed as Director.
Ceased
Ankit Singh ceased to be Director.
AGM
Rack Ai Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Rack Ai Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Gwalior.
Ceased
Gaurov Soni ceased to be Director.
Appointed
Neelesh Kumar Verma was appointed as Managing Director.
Incorporation
24 Mar 2021
Rack Ai Private Limited was registered on 24 Mar 2021 with Roc Gwalior & aged 5 years 7 months as per MCA records.
Frequently asked questions
Rack AI is an active private limited company based in Bhopal, Madhya Pradesh, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 24 March 2021 (5+ years old) and is registered under CIN U72900MP2021PTC055517.
Rack AI has 2 current directors:
- Neelesh Kumar Verma - Managing Director
- Vikas Hirda Parmani - Director
The latest financial statements of Rack AI on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2021 are in the company report.
The CIN (Corporate Identification Number) of Rack AI is U72900MP2021PTC055517. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rack AI was incorporated on 24 March 2021, making it 5+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Rack AI by revenue are Felurian Technology Private Limited, Ebizon Netinfo Private Limited, Cyfirma India Private Limited, Neutrinos Software Services Private Limited, Bikham Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
Bharat Kumar Vidhan ceased to be Director on 02 Jun 2025. Diksha Shivhare ceased to be Director on 20 Jan 2025. Vikas Hirda Parmani was appointed as Director on 07 Jan 2025. Rack AI has 6 board changes on record in total.
Yes, Rack AI is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
The registered office of Rack AI is at CO Gaurov Soni House Number 223 Sector C Indrapuri, Bhopal, Madhya Pradesh, India – 462022.
Rack AI operates in the information technology industry, in the other computer related activities segment.
Rack AI can be reached at its registered office: CO Gaurov Soni House Number 223 Sector C Indrapuri, Bhopal, Madhya Pradesh, India – 462022.