Raicetech Soft Private Limited
About Raicetech Soft Private Limited
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Raicetech Soft Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the IT services segment of the services sector. It was incorporated on 02 August 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72900TG2017PTC118678. Its GSTIN is 36AAICR4431P1ZW (Telangana).
The company has an authorised share capital of ₹32 Lakh and a paid-up capital of ₹31 Lakh. It is led by directors Ashok Palem and Vikas Yadagiri.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Hyderabad, Telangana.
As per the financials filed for FY 2023, the company reported a revenue of ₹4.81 Lakh, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹1,260 (net margin 0.3%) and EBITDA of ₹1,700 (EBITDA margin 0.4%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years.
Court records list 2 cases involving the company, including 2 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Raicetech Soft Private Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressP No 57 Vittala Rao Nagar Madhapur, Vy Of Th Serilingampally Rangareddy, Hyderabad, Telangana, India – 500081
- IndustryService, Information Technology Services
To see the full contact details of Raicetech Soft Private Limited, buy the company report.
- 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 Raicetech Soft 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 Raicetech Soft Private Limited, buy the company report.
Financials of Raicetech Soft Private Limited
FY 2023 filings availableRaicetech Soft Private Limited reported revenue of ₹4.81 Lakh (up 6% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over three years, including 6% growth in the latest year. EBITDA rose 185% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹4.81 Lakh | ||||
| Other Income | |||||
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| Total Expenses | |||||
| EBITDA | ₹1,700 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1,260 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.4% | ||||
| Net Profit Margin | 0.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Raicetech Soft Private Limited, buy the company report.
Board of directors of Raicetech Soft Private Limited
Raicetech Soft has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Palem Also directs: Neelamegha Industries Private Limited, Flahcloud Software Private Limited, Plixc Solutions Private Limited and 1 more | Director | 17 Nov 2023 | 2 Years 11 Months | Current |
| Vikas Yadagiri | Director | 04 Apr 2023 | 3 Years 6 Months | Current |
Peer comparison
Raicetech Soft 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 |
|---|---|---|---|---|---|---|
| One Touch Sales Private Limited | ₹4.82 Lakh (FY 2016) | -81.0% | Delhi, India | |||
| Skyloom Technologies Private Limited | ₹4.82 Lakh (FY 2024) | 13.0% | Hyderabad, Telangana, India | |||
| Penext Solutions Private Limited | ₹4.82 Lakh (FY 2024) | -50.0% | Bhopal, Madhya Pradesh, India | |||
| Firmus Sekinin Private Limited | ₹4.81 Lakh (FY 2024) | Salem, Tamil Nadu, India | ||||
| Node Softech Private Limited | ₹4.81 Lakh (FY 2017) | 42.0% | Bhopal, Madhya Pradesh, India | |||
| Raicetech Soft Private Limitedthis company | ₹4.81 Lakh (FY 2023) | ₹1,260 | 0.3% | 6.0% | Hyderabad, Telangana, India | |
| Crushfire Systems Private Limited | ₹4.81 Lakh (FY 2025) | 50.0% | Noida, Uttar Pradesh, India | |||
| Manfred Infotech Private Limited | ₹4.81 Lakh (FY 2025) | -82.0% | Kolkata, West Bengal, India | |||
| Criot Innovations Private Limited | ₹4.81 Lakh (FY 2021) | K.V.Rangareddy, Telangana, India | ||||
| Kefih E-Commerce Private Limited | ₹4.81 Lakh (FY 2024) | 55.0% | Alappuzha, Kerala, India | |||
| Dee Design House Private Limited | ₹4.8 Lakh (FY 2024) | 1519.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Raicetech Soft Private Limited, buy the company report.
Auditor
Raicetech Soft Private Limited is audited by D V R REDDY & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D V R REDDY & ASSOCIATES | FY 2023 | D V R REDDY & ASSOCIATES |
Shareholding
The shareholding of Raicetech Soft Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Raicetech Soft Private Limited, buy the company report.
Legal cases
Raicetech Soft Private Limited has 2 court cases on record: 2 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Krishna, Andhra Pradesh | Criminal complaint | Filed against the company by an individual | Pending |
| District court, Kurnool, Andhra Pradesh | Criminal complaint | Filed against the company by an individual | Pending |
To see the full case history of Raicetech Soft Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Raicetech Soft Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Raicetech Soft has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAICR4431P1ZW | Telangana | Active | 12 May 2023 |
To see the full GST registrations and return filing status of Raicetech Soft Private Limited, buy the company report.
Recent activity
Raicetech Soft Private Limited has 5 board changes on record since 2023: 2 appointments and 3 cessations. The latest: Ashok Palem was appointed as Director on 17 Nov 2023.
Frequently asked questions
Raicetech Soft is an active private limited company based in Hyderabad, Telangana, India. The company works in information technology services, within the service industry. It was incorporated on 02 August 2017 (9+ years old) and is registered under CIN U72900TG2017PTC118678.
Raicetech Soft has 2 current directors:
- Ashok Palem - Director
- Vikas Yadagiri - Director
The latest financial statements of Raicetech Soft on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Raicetech Soft is 36AAICR4431P1ZW, registered in Telangana.
The CIN (Corporate Identification Number) of Raicetech Soft is U72900TG2017PTC118678. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raicetech Soft has 2 court cases on record: 2 filed against it. 2 are pending.
Raicetech Soft was incorporated on 02 August 2017, making it 9+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Raicetech Soft by revenue are One Touch Sales Private Limited, Skyloom Technologies Private Limited, Penext Solutions Private Limited, Firmus Sekinin Private Limited, Node Softech Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Ashok Palem was appointed as Director on 17 Nov 2023. Kishor Arepalli ceased to be Director on 17 Nov 2023. Ashok Palem ceased to be Director on 25 Aug 2023. Raicetech Soft has 5 board changes on record in total.
The registered office of Raicetech Soft is at P No 57 Vittala Rao Nagar Madhapur, Vy Of Th Serilingampally Rangareddy, Hyderabad, Telangana, India – 500081.
Raicetech Soft operates in the service industry, in the information technology services segment.