MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0021499
Modular Rack Systems Private Limited - machinery and equipment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹49.88 Cr
▲ 16% YoY
Net profit · FY 2025
₹1.5 Cr
Net margin 3%
EBITDA · FY 2025
₹2.97 Cr
EBITDA margin 6%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹1.3 Cr
Satisfied ₹1.56 Cr
Company age
13 yrs
Est. 2013
Employees · EPFO
126
Provident fund records
About Modular Rack Systems Private Limited
Data last updated:
Modular Rack Systems Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 20 June 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2013PTC069783. Its GSTIN is 29AAICM7544E1Z7 (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Hulipura Lingaiah Rangaswamy and Sheela.
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 No.189 & 190 Nadikerappa Industrial Estate Heganahalli Vishwaneedam Post, Bangalore, Karnataka, India – 560091.
As per the financials filed for FY 2025, the company reported a revenue of ₹49.88 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹1.5 Cr (net margin 3%) and EBITDA of ₹2.97 Cr (EBITDA margin 6%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 17% over five years.
The company has about 126 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.3 Cr and satisfied charges of ₹1.56 Cr on record. Court records list 14 cases involving the company, including 14 filed by the company; 1 case is pending.
Modular Rack Systems Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0021499). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mrsrack.com.
Company Details of Modular Rack Systems Private Limited
CIN U74900KA2013PTC069783
Registration Number 069783
Incorporation Date 20 June 2013
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0021499
Recognitions & Rankings of Modular Rack Systems
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.189 & 190 Nadikerappa Industrial Estate Heganahalli Vishwaneedam Post, Bangalore, Karnataka, India – 560091
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
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Business Activity of Modular Rack Systems Private Limited
The main business activity of Modular Rack Systems is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Modular Rack Systems Private Limited FY 2024 filings available
Modular Rack Systems Private Limited reported revenue of ₹49.88 Cr (up 16% YoY) for FY 2025.
Revenue · FY 2025
₹49.88 Cr ▲ 16%
Net profit · FY 2025
₹1.5 Cr margin 3%
EBITDA · FY 2025
₹2.97 Cr margin 6%
Compounded Annual Growth Rate (CAGR) of Modular Rack Systems Private Limited
Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 23%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 26%
5 years · compounded
▲ 10%
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 16% growth in the latest year. EBITDA rose 19% 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 of Modular Rack Systems Private Limited
| Metrics | FY 2024-25 | 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 | ₹2.97 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.5 Cr | •••• | •••• | •••• | •••• |
| 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 of Modular Rack Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Modular Rack Systems are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Modular Rack Systems Private Limited
Modular Rack Systems has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hulipura Lingaiah Rangaswamy | Director | 20 Jun 2013 | 13 Years 4 Months | Current |
| Sheela | Director | 20 Jun 2013 | 13 Years 4 Months | Current |
Peer Comparison of Modular Rack Systems Private Limited
Modular Rack Systems Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Unitech Fabricators & Engineers Private Limited | ₹50.07 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Kolkata, West Bengal, India |
| Comac India Private Limited | ₹50.05 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | New Delhi, Delhi, India |
| Smart Controls India Limited | ₹50.01 Cr (FY 2025) | •••• | •••• | -34.0% | •••• | Gwalior, Madhya Pradesh, India |
| Steel Barrel Private Limited | ₹49.98 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Thakurpukur Mahestola, West Bengal, India |
| Saboo Cylinders Private Limited | ₹49.96 Cr (FY 2025) | •••• | •••• | 81.0% | •••• | Himachal Pradesh, India |
| Modular Rack Systems Private Limited this company | ₹49.88 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Bangalore, Karnataka, India |
| Tirupati Coatings Private Limited | ₹49.79 Cr (FY 2019) | •••• | •••• | 95.0% | •••• | New Delhi, Delhi, India |
| Propack Shreiner Private Limited | ₹49.77 Cr (FY 2024) | •••• | •••• | -4.0% | •••• | Bangalore, Karnataka, India |
| Varat Pump & Machinery Pvt Ltd | ₹49.74 Cr (FY 2024) | •••• | •••• | 113.0% | •••• | Kolkata, West Bengal, India |
| Ostberg India Private Limited | ₹49.7 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Chennai, Tamil Nadu, India |
| Parikh Power Private Limited | ₹49.64 Cr (FY 2024) | •••• | •••• | 254.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Modular Rack Systems by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Modular Rack Systems Private Limited
Modular Rack Systems Private Limited is audited by DSKP & CO for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DSKP & CO | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Modular Rack Systems Private Limited
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Charges & Borrowings of Modular Rack Systems Private Limited
Open charges
₹1.3 Cr
Satisfied charges
₹1.56 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Dec 2023 | Canara Bank | ₹57.5 Lakh | Open |
| 17 Feb 2022 | Tata Capital Financial Services Limited | ₹72.69 Lakh | Open |
| 27 Mar 2018 | Canara Bank | ₹1.35 Cr | Satisfied |
| 15 Sep 2017 | Canara Bank | ₹4 Lakh | Satisfied |
| 22 Sep 2016 | Canara Bank | ₹16.5 Lakh | Satisfied |
Total charge records: 5 View all charges
Legal Cases of Modular Rack Systems Private Limited
Modular Rack Systems Private Limited has 14 court cases on record: 14 filed by Modular Rack Systems. 1 case is pending and 13 are disposed. Status as checked between 01 Oct 2026 and 04 Oct 2026.
Total cases
14
Filed by the company
14
Pending
1
Disposed
13
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 0 | 1 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Imperator Systems LLP | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Balishtha E Tech Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Balishtha E Tech Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Classic Info Solutions | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Disposed |
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Full case history
All 14 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Modular Rack Systems Private Limited
Modular Rack Systems Private Limited has a workforce of 126 employees as of Jan 22, 2025.
Employee count
126
Active EPFO establishments
1
Employee growth
15.6%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Modular Rack Systems Private Limited
Modular Rack Systems Private Limited has 2 board changes on record since 2013: 2 appointments. The latest: Hulipura Lingaiah Rangaswamy was appointed as Director on 20 Jun 2013.
AGM
Modular Rack Systems Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Modular Rack Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Canara Bank amounted to Rs. 57.50 Lakh with Charge ID 100829522 was registered on 12 Dec 2023.
Charges
A charge with Tata Capital Financial Services Limited amounted to Rs. 72.69 Lakh with Charge ID 100543419 was registered on 17 Feb 2022.
Charges
A charge registered on 27 Mar 2018 via Charge ID 100197240 with Canara Bank was fully satisfied on 05 Nov 2020.
Charges
A charge registered on 15 Sep 2017 via Charge ID 100126104 with Canara Bank was fully satisfied on 05 Nov 2020.
Charges
A charge registered on 22 Sep 2016 via Charge ID 100056549 with Canara Bank was fully satisfied on 05 Nov 2020.
Charges
A charge with Canara Bank amounted to Rs. 135.00 Lakh with Charge ID 100197240 was registered on 27 Mar 2018.
Charges
A charge with Canara Bank amounted to Rs. 4.00 Lakh with Charge ID 100126104 was registered on 15 Sep 2017.
Charges
A charge with Canara Bank amounted to Rs. 16.50 Lakh with Charge ID 100056549 was registered on 22 Sep 2016.
Appointed
Hulipura Lingaiah Rangaswamy was appointed as Director.
Appointed
Sheela was appointed as Director.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Modular Rack Systems Private Limited
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MSME Payment Delays by Modular Rack Systems Private Limited
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Subsidiaries & Group Companies of Modular Rack Systems Private Limited
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GST Compliance of Modular Rack Systems Private Limited
Modular Rack Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICM7544E1Z7 | Karnataka | Active | 01 Jul 2017 |
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MCA Filings & Documents of Modular Rack Systems Private Limited
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Frequently Asked Questions about Modular Rack Systems Private Limited
Modular Rack Systems is an active private limited company based in Bangalore, Karnataka, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 20 June 2013 (13+ years old) and is registered under CIN U74900KA2013PTC069783.
Modular Rack Systems reported revenue of ₹49.88 Cr for FY 2025 (up 16% YoY).
Modular Rack Systems has 2 current directors:
- Hulipura Lingaiah Rangaswamy - Director
- Sheela - Director
Modular Rack Systems reported a net profit of ₹1.5 Cr (net margin 3%) and EBITDA of ₹2.97 Cr (EBITDA margin 6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Modular Rack Systems is 23% over three years and 17% over five years. In the latest year (FY 2025) revenue rose 16%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Modular Rack Systems is 29AAICM7544E1Z7, registered in Karnataka.
The CIN (Corporate Identification Number) of Modular Rack Systems is U74900KA2013PTC069783. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modular Rack Systems has 14 court cases on record: 14 filed by the company. 1 is pending.
Modular Rack Systems was incorporated on 20 June 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Modular Rack Systems by revenue are Unitech Fabricators & Engineers Private Limited, Comac India Private Limited, Smart Controls India Limited, Steel Barrel Private Limited, Saboo Cylinders Private Limited and 5 more, all in the Machinery and Equipment industry (Industrial Products Manufacturers).
Hulipura Lingaiah Rangaswamy was appointed as Director on 20 Jun 2013. Sheela was appointed as Director on 20 Jun 2013.