DPIIT recognised startup Government of India
Startup India
Rayrise Design Lab Private Limited
Rayrise Design Lab Private Limited - education in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.22 Cr
▲ 87% YoY
Net loss · FY 2024
₹81.91 Lakh
Net margin -67.3%
EBITDA · FY 2024
-₹8.92 Lakh
EBITDA margin -7.3%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1.31 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
3
As per MCA filings
Active GSTINs
1
of 2 registered
About Rayrise Design Lab Private Limited
Data last updated:
Rayrise Design Lab Private Limited is a private limited company based in Bengaluru, Karnataka, India, recognised as a startup by DPIIT. It operates in the corporate training and development segment of the education sector. It was incorporated on 19 March 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U33201KA2019PTC122534. Its GSTIN is 29AAJCR4894D1ZW (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.31 Lakh. It is led by directors including Arun Joshua Cherian and Ammu Serah Cherian.
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 No.1384 Ground Floor 14th Cross 2nd Stage Mcechs Layout Dr Srk Nagar Jakkur Post, Bengaluru, Karnataka, India – 560064.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.22 Cr, a growth of 87% compared to the previous year. For the same year it recorded a net loss of ₹81.91 Lakh (net margin -67.3%) and EBITDA of -₹8.92 Lakh (EBITDA margin -7.3%). Revenue has grown at a compounded annual rate (CAGR) of 81% over three years.
The company is associated with 1 brand: Rise Legs.
Company details
CIN U33201KA2019PTC122534
Registration Number 122534
Incorporation Date 19 March 2019
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
Key People
Vishnu Swaminathan Nominee Director Arun Joshua Cherian Director Ammu Serah Cherian Director Recognitions & Rankings of Rayrise Design Lab
Contact details
Rayrise Design Lab Private Limited's registered office is in Bengaluru, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered AddressNo.1384 Ground Floor 14th Cross 2nd Stage Mcechs Layout Dr Srk Nagar Jakkur Post, Bengaluru, Karnataka, India – 560064
- IndustryEducation, Corporate Training & Development
To see the full contact details of Rayrise Design Lab Private Limited, buy the company report.
Comprehensive company report
Rayrise Design Lab 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
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Brands
Rayrise Design Lab operates one associated brand: Rise Legs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Custom-designed prosthetics and orthotics for user comfort and performance needs. | riselegs.com |
Business activity
The main business activity of Rayrise Design Lab is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Rayrise Design Lab Private Limited, buy the company report.
Financials of Rayrise Design Lab Private Limited
FY 2025 filings availableRayrise Design Lab Private Limited reported revenue of ₹1.22 Cr (up 87% YoY) for FY 2024.
Revenue · FY 2024
₹1.22 Cr ▲ 87%
Net loss · FY 2024
₹81.91 Lakh margin -67.3%
EBITDA · FY 2024
-₹8.92 Lakh margin -7.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 87%
3 years · compounded
▲ 81%
EBITDA CAGR growth
1 year
▲ 52%
3 years · compounded
▲ 51%
Revenue has grown at a compounded annual rate (CAGR) of 81% over three years, including 87% growth in the latest year. EBITDA rose 52% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | -₹8.92 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹81.91 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -7.3% | ||||
| Net Profit Margin | -67.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Rayrise Design Lab Private Limited, buy the company report.
Board of directors of Rayrise Design Lab Private Limited
Rayrise Design Lab has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishnu Swaminathan Also directs: Indian Housing Federation, Designs in Change Technology Private Limited, Manahwell Healthcare Private Limited and 1 more | Nominee Director | 03 Oct 2023 | 3 Years 1 Months | Current |
| Arun Joshua Cherian | Director | 19 Mar 2019 | 7 Years 7 Months | Current |
| Ammu Serah Cherian | Director | 19 Mar 2019 | 7 Years 7 Months | Current |
Auditor
Rayrise Design Lab Private Limited is audited by SARVESH MAIYA U for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SARVESH MAIYA U | FY 2023 | 224575 |
Shareholding
The shareholding of Rayrise Design Lab Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Rayrise Design Lab Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Rayrise Design Lab 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 Rayrise Design Lab Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rayrise Design Lab has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCR4894D1ZW | Karnataka | Active | 28 Nov 2019 |
To see the full GST registrations and return filing status of Rayrise Design Lab Private Limited, buy the company report.
Recent activity
Rayrise Design Lab Private Limited has 3 board changes on record since 2019: 3 appointments. The latest: Vishnu Swaminathan was appointed as Nominee Director on 03 Oct 2023.
AGM
Rayrise Design Lab Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Rayrise Design Lab Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Vishnu Swaminathan was appointed as Nominee Director.
Appointed
Ammu Serah Cherian was appointed as Director.
Appointed
Arun Joshua Cherian was appointed as Director.
Incorporation
19 Mar 2019
Rayrise Design Lab Private Limited was registered on 19 Mar 2019 with Roc Bangalore & aged 7 years 7 months as per MCA records.
Frequently asked questions
Rayrise Design Lab is an active private limited company based in Bengaluru, Karnataka, India. The company works in corporate training and development, within the education industry. It was incorporated on 19 March 2019 (7+ years old) and is registered under CIN U33201KA2019PTC122534.
Rayrise Design Lab has 3 current directors:
- Vishnu Swaminathan - Nominee Director
- Arun Joshua Cherian - Director
- Ammu Serah Cherian - Director
The latest financial statements of Rayrise Design Lab 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 2019 are in the company report.
The GSTIN of Rayrise Design Lab is 29AAJCR4894D1ZW, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Rayrise Design Lab is U33201KA2019PTC122534. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rayrise Design Lab was incorporated on 19 March 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Vishnu Swaminathan was appointed as Nominee Director on 03 Oct 2023. Ammu Serah Cherian was appointed as Director on 19 Mar 2019. Arun Joshua Cherian was appointed as Director on 19 Mar 2019.
Yes, Rayrise Design Lab is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
The registered office of Rayrise Design Lab is at No.1384 Ground Floor 14th Cross 2nd Stage Mcechs Layout Dr Srk Nagar Jakkur Post, Bengaluru, Karnataka, India – 560064.
Rayrise Design Lab operates in the education industry, in the corporate training and development segment.
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