Raft.Ai Private Limited
About Raft.Ai Private Limited
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Raft.Ai Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 17 July 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2021FTC364126. Its GSTIN is 27AAICV1706H1ZC (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Nisarg Ashish Mehta and Khushi Sunil Harchandani.
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 Wework Office 13th Flr 247 Park, Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.28 Cr, a growth of 112% compared to the previous year. For the same year it recorded a net profit of ₹1.17 Cr (net margin 11.4%) and EBITDA of ₹1.71 Cr (EBITDA margin 16.6%).
The company has about 30 employees on its provident fund (EPFO) records.
Company details
Contact details
Raft.Ai Private Limited's registered office is in Mumbai, Maharashtra.
- Registered AddressWework Office 13th Flr 247 Park Hindustan C Bus Stop, Lal Bahadur Shastri Rd Gandhi Nagar Vikhroli West, Mumbai, Maharashtra, India – 400079
- IndustryInformation Technology, Application Development & Software Solutions
- 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
Business activity
The main business activity of Raft.Ai is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Raft.Ai Private Limited, buy the company report.
Financials of Raft.Ai Private Limited
FY 2025 filings availableRaft.Ai Private Limited reported revenue of ₹10.28 Cr (up 112% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 112% in the latest year. EBITDA rose 144% 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 |
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| EBITDA | ₹1.71 Cr | ||
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| Net Profit (PAT) | ₹1.17 Cr | ||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Profitability | |||
| EBITDA Margin | 16.6% | ||
| Net Profit Margin | 11.4% | ||
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To see the full financial statements and ratios of Raft.Ai Private Limited, buy the company report.
Board of directors of Raft.Ai Private Limited
Raft.Ai has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nisarg Ashish Mehta | Director | 17 Jul 2021 | 5 Years 3 Months | Current |
| Khushi Sunil Harchandani | Director | 01 Apr 2022 | 4 Years 6 Months | Current |
Peer comparison
Raft.Ai Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Softmanage Solution & Services Private Limited | ₹10.32 Cr (FY 2024) | 27.0% | Dombivli, Maharashtra, India | |||
| V R Della IT Services Private Limited | ₹10.32 Cr (FY 2025) | 9.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Boomerang Soft Private Limited | ₹10.3 Cr (FY 2025) | 14.0% | Pune, Maharashtra, India | |||
| Treadbinary Technologies Private Limited | ₹10.29 Cr (FY 2025) | 4.0% | Thane, Maharashtra, India | |||
| Eclat Engineering Private Limited | ₹10.28 Cr (FY 2024) | 156.0% | Ahmedabad, Gujarat, India | |||
| Raft.Ai Private Limitedthis company | ₹10.28 Cr (FY 2024) | ₹1.17 Cr | 11.4% | 112.0% | Mumbai, Maharashtra, India | |
| Spindletop Group India Private Limited | ₹10.28 Cr (FY 2025) | 120.0% | Hyderabad, Telangana, India | |||
| Magnas Technologies India Private Limited | ₹10.27 Cr (FY 2024) | -35.0% | Gautam Buddha Nagar, Uttar Pradesh, India | |||
| I Knowledge Services Private Limited | ₹10.27 Cr (FY 2024) | -30.0% | Pune, Maharashtra, India | |||
| Ait Internet Services Private Limited | ₹10.27 Cr (FY 2025) | 37.0% | Bangalore, Karnataka, India | |||
| Liv Real Solutions Private Limited | ₹10.26 Cr (FY 2025) | 72.0% | Thane, Maharashtra, India |
To see the full peer comparison of Raft.Ai Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Raft.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 Raft.Ai Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Raft.Ai has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICV1706H1ZC | Maharashtra | Active | 02 Apr 2022 |
To see the full GST registrations and return filing status of Raft.Ai Private Limited, buy the company report.
Recent activity
Raft.Ai Private Limited has 4 board changes on record since 2021: 2 appointments and 2 cessations. The latest: Khushi Sunil Harchandani ceased to be Additional Director on 29 Sep 2022.
Frequently asked questions
Raft.Ai is an active foreign private limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 17 July 2021 (5+ years old) and is registered under CIN U72900MH2021FTC364126.
Raft.Ai has 2 current directors:
- Nisarg Ashish Mehta - Director
- Khushi Sunil Harchandani - Director
The latest financial statements of Raft.Ai 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 GSTIN of Raft.Ai is 27AAICV1706H1ZC, registered in Maharashtra.
The CIN (Corporate Identification Number) of Raft.Ai is U72900MH2021FTC364126. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raft.Ai was incorporated on 17 July 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Raft.Ai by revenue are Softmanage Solution & Services Private Limited, V R Della IT Services Private Limited, Boomerang Soft Private Limited, Treadbinary Technologies Private Limited, Eclat Engineering Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Khushi Sunil Harchandani ceased to be Additional Director on 29 Sep 2022. Shripad Bhat ceased to be Director on 04 Apr 2022. Khushi Sunil Harchandani was appointed as Director on 01 Apr 2022. Raft.Ai has 4 board changes on record in total.
The registered office of Raft.Ai is at Wework Office 13th Flr 247 Park Hindustan C Bus Stop, Lal Bahadur Shastri Rd Gandhi Nagar Vikhroli West, Mumbai, Maharashtra, India – 400079.
Raft.Ai operates in the information technology industry, in the application development and software solutions segment.
Raft.Ai can be reached at its registered office: Wework Office 13th Flr 247 Park Hindustan C Bus Stop, Lal Bahadur Shastri Rd Gandhi Nagar Vikhroli West, Mumbai, Maharashtra, India – 400079.
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