MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-01-0113807
Digirace Solutions Limited - internet in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹1.23 Cr
▼ 54% YoY
Net loss · FY 2023
₹4.05 Lakh
Net margin -3.3%
EBITDA · FY 2023
₹11.66 Lakh
EBITDA margin 9.5%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
₹20 Lakh
Secured borrowings
Company age
8 yrs
Est. 2018
Directors on board
3
As per MCA filings
About Digirace Solutions Limited
Data last updated:
Digirace Solutions Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 04 July 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72200GJ2018PLC103130. Its GSTIN is 24AAGCD7608C1ZZ (Gujarat).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Patel Bhavik Kumar and Mamtaben Ganpatbhai Patel.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.23 Cr, a decline of 54% compared to the previous year. For the same year it recorded a net loss of ₹4.05 Lakh (net margin -3.3%) and EBITDA of ₹11.66 Lakh (EBITDA margin 9.5%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years.
The company is associated with 2 brands: Digirace Solutions and PrimeCash. As per MCA filings, the company has open charges of ₹20 Lakh on record.
Digirace Solutions Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0113807). For more details, the company can be reached via its website digiracesolutions.com.
Company details
CIN U72200GJ2018PLC103130
Registration Number 103130
Incorporation Date 04 July 2018
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0113807
Key People
Patel Bhavik Kumar Director Rajdeepsinh Khengarsinh Parmar Additional Director Mamtaben Ganpatbhai Patel Director Recognitions & Rankings of Digirace Solutions
Contact details
Digirace Solutions Limited's registered office is in Ahmedabad, Gujarat. Its website is digiracesolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address532 – C Siddhi Vinayak Tower Sur No.212/2 B/H Dcp Office Off S.G Highway Makarab, A, Ahmedabad, Gujarat, India – 380051
- IndustryInternet, Online Service Marketplaces
To see the full contact details of Digirace Solutions Limited, buy the company report.
Comprehensive company report
Digirace Solutions 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
Digirace Solutions operates two associated brands: Digirace Solutions and PrimeCash. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides affiliate marketing, opinion polls, and digital advertising services for businesses. | digiracesolutions.com | |
| A cloud-based platform for conducting paid surveys. | primecash.biz |
Business activity
The main business activity of Digirace Solutions is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Digirace Solutions Limited, buy the company report.
Financials of Digirace Solutions Limited
FY 2023 filings availableDigirace Solutions Limited reported revenue of ₹1.23 Cr (down 54% YoY) for FY 2023.
Revenue · FY 2023
₹1.23 Cr ▼ 54%
Net loss · FY 2023
₹4.05 Lakh margin -3.3%
EBITDA · FY 2023
₹11.66 Lakh margin 9.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 54%
3 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▼ 55%
3 years · compounded
▲ 36%
Revenue fell 54% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA fell 55% 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 | ₹1.23 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹11.66 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.05 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.5% | ||||
| Net Profit Margin | -3.3% | ||||
| 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 Digirace Solutions Limited, buy the company report.
Board of directors of Digirace Solutions Limited
Digirace Solutions has 3 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 |
|---|---|---|---|---|
| Patel Bhavik Kumar Also directs: Orgever Private Limited, Deskup Software Solution Private Limited | Director | 09 Mar 2021 | 5 Years 7 Months | Current |
| Rajdeepsinh Khengarsinh Parmar | Additional Director | 17 Aug 2024 | 2 Years 2 Months | Current |
| Mamtaben Ganpatbhai Patel | Director | 04 Jul 2018 | 8 Years 3 Months | Current |
Auditor
Digirace Solutions Limited is audited by LANGALIA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LANGALIA & CO | FY 2023 | 132563W |
Shareholding
The shareholding of Digirace Solutions 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 Digirace Solutions Limited, buy the company report.
Charges & borrowings
Open charges
₹20 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Nov 2021 | 100504898 | Others | ₹20 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Digirace Solutions 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 Digirace Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Digirace Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCD7608C1ZZ | Gujarat | Active | 02 Aug 2018 |
To see the full GST registrations and return filing status of Digirace Solutions Limited, buy the company report.
Recent activity
Digirace Solutions Limited has 7 board changes on record since 2018: 3 appointments and 4 cessations. The latest: Rajdeepsinh Khengarsinh Parmar was appointed as Additional Director on 17 Aug 2024.
Appointed
Rajdeepsinh Khengarsinh Parmar was appointed as Additional Director.
AGM
Digirace Solutions Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Digirace Solutions Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.
Ceased
Janmesh Maheshbhai Jani ceased to be Additional Director.
Ceased
Patel Bhavik Kumar ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 20.00 Lakh with Charge ID 100504898 was registered on 27 Nov 2021.
Ceased
Arunkumar Natvarlal Vyas ceased to be Director.
Ceased
Chandrakant Kanubhai Patel ceased to be Director.
Appointed
Patel Bhavik Kumar was appointed as Director.
Appointed
Mamtaben Ganpatbhai Patel was appointed as Director.
Incorporation
04 Jul 2018
Digirace Solutions Limited was registered on 04 Jul 2018 with Roc Ahmedabad & aged 8 years 3 months as per MCA records.
Frequently asked questions
Digirace Solutions is an active public limited company based in Ahmedabad, Gujarat, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 04 July 2018 (8+ years old) and is registered under CIN U72200GJ2018PLC103130.
Digirace Solutions has 3 current directors:
- Patel Bhavik Kumar - Director
- Rajdeepsinh Khengarsinh Parmar - Additional Director
- Mamtaben Ganpatbhai Patel - Director
The latest financial statements of Digirace Solutions 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 2019 are in the company report.
The GSTIN of Digirace Solutions is 24AAGCD7608C1ZZ, registered in Gujarat.
The CIN (Corporate Identification Number) of Digirace Solutions is U72200GJ2018PLC103130. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Digirace Solutions was incorporated on 04 July 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Rajdeepsinh Khengarsinh Parmar was appointed as Additional Director on 17 Aug 2024. Janmesh Maheshbhai Jani ceased to be Additional Director on 29 Nov 2021. Patel Bhavik Kumar ceased to be Additional Director on 29 Nov 2021. Digirace Solutions has 7 board changes on record in total.
Yes, Digirace Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0113807).
Digirace Solutions can be reached through the website digiracesolutions.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Digirace Solutions is at 532 – C Siddhi Vinayak Tower Sur No.2122 BH Dcp Office Off S.G Highway Makarab, A, Ahmedabad, Gujarat, India – 380051.
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