MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-UP-50-0000393
M.V. Rack Industries Private Limited
M.V. Rack Industries Private Limited - consumer electronics & durables in Lucknow, Uttar Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹3.93 Cr
▼ 44% YoY
Net loss · FY 2023
₹3.8 Lakh
Net margin -1%
EBITDA · FY 2023
₹9.15 Lakh
EBITDA margin 2.3%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹50.98 Lakh
Secured borrowings
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
About M.V. Rack Industries Private Limited
Data last updated:
M.V. Rack Industries Private Limited is a private limited company based in Lucknow, Uttar Pradesh, India. It operates in the furniture manufacturing segment of the consumer electronics and durables sector. It was incorporated on 13 June 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U36109UP2019PTC117988. Its GSTIN is 09AAECH9437P1ZR (Uttar Pradesh).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Harsh Rack Industries Private Limited. It is led by directors Dharmendra Bahadur Singh and Shiv Baran.
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 D – 32 Vibhuti Khand Gomti Nagar, Lucknow, Uttar Pradesh, India – 226010.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.93 Cr, a decline of 44% compared to the previous year. For the same year it recorded a net loss of ₹3.8 Lakh (net margin -1%) and EBITDA of ₹9.15 Lakh (EBITDA margin 2.3%). Revenue has grown at a compounded annual rate (CAGR) of 88% over three years.
As per MCA filings, the company has open charges of ₹50.98 Lakh on record. Court records list 4 cases involving the company, including 4 filed against it; 4 cases are pending.
M.V. Rack Industries Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-50-0000393).
Company details
CIN U36109UP2019PTC117988
Registration Number 117988
Incorporation Date 13 June 2019
ROC Uttar Pradesh
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-UP-50-0000393
Recognitions & Rankings of M.V. Rack Industries
Contact details
M.V. Rack Industries Private Limited's registered office is in Lucknow, Uttar Pradesh. Its e-mail address is in the company report.
- Email
- Registered AddressD – 32 Vibhuti Khand Gomti Nagar, Lucknow, Uttar Pradesh, India – 226010
- IndustryConsumer Electronics & Durables, Furniture Manufacturing
To see the full contact details of M.V. Rack Industries Private Limited, buy the company report.
Comprehensive company report
M.V. Rack Industries 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of M.V. Rack Industries is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of M.V. Rack Industries Private Limited, buy the company report.
Financials of M.V. Rack Industries Private Limited
FY 2023 filings availableM.V. Rack Industries Private Limited reported revenue of ₹3.93 Cr (down 44% YoY) for FY 2023.
Revenue · FY 2023
₹3.93 Cr ▼ 44%
Net loss · FY 2023
₹3.8 Lakh margin -1%
EBITDA · FY 2023
₹9.15 Lakh margin 2.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 44%
3 years · compounded
▲ 88%
EBITDA CAGR growth
1 year
▼ 72%
3 years · compounded
▲ 20%
Revenue fell 44% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 88%. EBITDA fell 72% 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 |
|---|---|---|---|---|
| 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 | ₹9.15 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹3.8 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 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 2.3% | |||
| Net Profit Margin | -1% | |||
| 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 M.V. Rack Industries Private Limited, buy the company report.
Board of directors of M.V. Rack Industries Private Limited
M.V. Rack Industries has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shiv Baran | Additional Director | 01 Dec 2023 | 2 Years 10 Months | Current |
| Dharmendra Bahadur Singh | Director | 05 Nov 2021 | 4 Years 11 Months | Current |
Peer comparison
M.V. Rack Industries Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Durables industry (Furniture), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Krysta Storage Solutions Private Limited | ₹3.96 Cr (FY 2025) | 15.0% | Jaipur, Rajasthan, India | |||
| Shivalik Furniture Private Limited | ₹3.95 Cr (FY 2024) | Ahmedabad, Gujarat, India | ||||
| M.V. Rack Industries Private Limitedthis company | ₹3.93 Cr (FY 2023) | -₹3.8 Lakh | -1% | -44.0% | Lucknow, Uttar Pradesh, India | |
| Singh Decorators and Furnishers Private Limited | ₹3.9 Cr (FY 2025) | 22.0% | Uttar Pradesh, India |
To see the full peer comparison of M.V. Rack Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹50.98 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 May 2023 | 100729361 | Others | ₹8.48 Lakh | Open | |
| 26 Aug 2021 | 100511890 | Others | ₹42.5 Lakh | Open |
To see the full charge records of M.V. Rack Industries Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
M.V. Rack Industries Private Limited has 4 court cases on record: 4 filed against it. All cases are pending.
Total cases
4
Filed against the company
4
Pending
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 4 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Lendingkart Finance Limited | Pending |
| District court, Meerut, Uttar Pradesh | Criminal case | Filed against the company by Mahindra and Mahindra Financial Services Ltd | Pending |
| District court, Kanpur Nagar, Uttar Pradesh | Criminal case | Filed against the company by an individual | Pending |
| District court, Jaipur Metro I, Rajasthan | Criminal case | Filed against the company by Cholamandalam Investment and Finance Compny Ltd | Pending |
To see the full case history of M.V. Rack Industries 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 M.V. Rack Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
M.V. Rack Industries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAECH9437P1ZR | Uttar Pradesh | Active | 08 Jul 2019 |
To see the full GST registrations and return filing status of M.V. Rack Industries Private Limited, buy the company report.
Recent activity
M.V. Rack Industries Private Limited has 7 board changes on record since 2019: 2 appointments and 5 cessations. The latest: Shiv Baran was appointed as Additional Director on 01 Dec 2023.
Appointed
Shiv Baran was appointed as Additional Director.
AGM
M.V. Rack Industries Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Ceased
Kshma Singh ceased to be Director.
Charges
A charge with Others amounted to Rs. 8.48 Lakh with Charge ID 100729361 was registered on 31 May 2023.
Filing
M.V. Rack Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Uttar Pradesh I.
Charges
A charge with Others of Rs. 42.50 Lakh registered on 26 Aug 2021 with Charge ID 100511890 was modified on 25 Oct 2022.
Appointed
Dharmendra Bahadur Singh was appointed as Director.
Charges
A charge with Others amounted to Rs. 42.50 Lakh with Charge ID 100511890 was registered on 26 Aug 2021.
Ceased
Dharmendra Bahadur Singh ceased to be Additional Director.
Ceased
Shyam Kishor Pandey ceased to be Director.
Ceased
Utkarsh Singh Vats ceased to be Director.
Ceased
Srijan Singh ceased to be Director.
1 earlier event is in the company report.
Frequently asked questions
M.V. Rack Industries is an active private limited company based in Lucknow, Uttar Pradesh, India. The company works in furniture manufacturing, within the consumer electronics and durables industry. It was incorporated on 13 June 2019 (7+ years old) and is registered under CIN U36109UP2019PTC117988.
M.V. Rack Industries has 2 current directors:
- Shiv Baran - Additional Director
- Dharmendra Bahadur Singh - Director
The latest financial statements of M.V. Rack Industries 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 2020 are in the company report.
The GSTIN of M.V. Rack Industries is 09AAECH9437P1ZR, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of M.V. Rack Industries is U36109UP2019PTC117988. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
M.V. Rack Industries has 4 court cases on record: 4 filed against it. 4 are pending.
M.V. Rack Industries was incorporated on 13 June 2019, making it 7+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
The peers of M.V. Rack Industries by revenue are Krysta Storage Solutions Private Limited, Shivalik Furniture Private Limited, Singh Decorators and Furnishers Private Limited, all in the Consumer Durables industry (Furniture), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Shiv Baran was appointed as Additional Director on 01 Dec 2023. Kshma Singh ceased to be Director on 29 Aug 2023. Dharmendra Bahadur Singh was appointed as Director on 05 Nov 2021. M.V. Rack Industries has 7 board changes on record in total.
Yes, M.V. Rack Industries is registered as a micro enterprise under Udyam registration (number: UDYAM-UP-50-0000393).
The registered office of M.V. Rack Industries is at D – 32 Vibhuti Khand Gomti Nagar, Lucknow, Uttar Pradesh, India – 226010.