MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-HR-10-0007696
Raag Innovations Private Limited - consumer electronics & durables in Karnal, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹3.15 Cr
▼ 16% YoY
Net profit · FY 2024
₹5.75 Lakh
Net margin 1.8%
EBITDA · FY 2024
₹12.99 Lakh
EBITDA margin 4.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹1.1 Cr
Satisfied ₹50 Lakh
Company age
11 yrs
Est. 2015
Directors on board
4
As per MCA filings
About Raag Innovations Private Limited
Data last updated:
Raag Innovations Private Limited is a private limited company based in Karnal, Haryana, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 17 August 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN U74140HR2015PTC056418. Its GSTIN is 06AAHCR4160J1ZA (Haryana). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Govil Gupta and Ripen Gupta.
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 170/3 Hsiidc Industrial Area Namaste Chowk, Karnal, Haryana, India – 132001.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.15 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹5.75 Lakh (net margin 1.8%) and EBITDA of ₹12.99 Lakh (EBITDA margin 4.1%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 17% over five years.
The company is associated with 1 brand: Mansaa Smartshine. As per MCA filings, the company has open charges of ₹1.1 Cr and satisfied charges of ₹50 Lakh on record.
Raag Innovations Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-10-0007696). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mansaa.io.
Company details
CIN U74140HR2015PTC056418
Registration Number 056418
Incorporation Date 17 August 2015
ROC Haryana
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-HR-10-0007696
Recognitions & Rankings of Raag Innovations
Contact details
Raag Innovations Private Limited's registered office is in Karnal, Haryana. Its website is mansaa.io. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address170/3 Hsiidc Industrial Area Namaste Chowk, Karnal, Haryana, India – 132001
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Raag Innovations Private Limited, buy the company report.
Comprehensive company report
Raag Innovations 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
Raag Innovations operates one associated brand: Mansaa Smartshine. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sells high-quality LED lights and decorative products online for consumers. | mansaa.io |
Business activity
The main business activity of Raag Innovations is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Raag Innovations Private Limited, buy the company report.
Financials of Raag Innovations Private Limited
FY 2025 filings availableRaag Innovations Private Limited reported revenue of ₹3.15 Cr (down 16% YoY) for FY 2024.
Revenue · FY 2024
₹3.15 Cr ▼ 16%
Net profit · FY 2024
₹5.75 Lakh margin 1.8%
EBITDA · FY 2024
₹12.99 Lakh margin 4.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 16%
3 years · compounded
▼ 5%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▼ 24%
3 years · compounded
▼ 27%
5 years · compounded
▲ 11%
Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA fell 24% 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 | ₹12.99 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.75 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 | 4.1% | ||||
| Net Profit Margin | 1.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Raag Innovations Private Limited, buy the company report.
Board of directors of Raag Innovations Private Limited
Raag Innovations has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Govil Gupta | Director | 17 Aug 2015 | 11 Years 2 Months | Current |
| Ripen Gupta Also directs: PRG Tech Private Limited | Director | 17 Aug 2015 | 11 Years 2 Months | Current |
| Anju Gupta | Director | 17 Aug 2015 | 11 Years 2 Months | Current |
| Ajit Pal Singh | Director | 10 Mar 2018 | 8 Years 7 Months | Current |
Peer comparison
Raag Innovations Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dag Process Instruments Private Limited | ₹3.17 Cr (FY 2025) | 16.0% | Thane, Maharashtra, India | |||
| JK Led Sales and Marketing Private Limited | ₹3.16 Cr (FY 2021) | 26.0% | Kolkata, West Bengal, India | |||
| Raag Innovations Private Limitedthis company | ₹3.15 Cr (FY 2024) | ₹5.75 Lakh | 1.8% | -16.0% | Karnal, Haryana, India | |
| Microtrans Infratech Limited | ₹3.13 Cr (FY 2024) | -12.0% | Delhi, India |
To see the full peer comparison of Raag Innovations Private Limited, buy the company report.
Auditor
Raag Innovations Private Limited is audited by Mayank Jindal & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mayank Jindal & Co | FY 2022 | 028820N |
Shareholding
The shareholding of Raag Innovations Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Raag Innovations Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.1 Cr
Satisfied charges
₹50 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jul 2025 | 101130458 | Others | ₹70 Lakh | Open | |
| 27 Jun 2019 | 100276048 | Others | ₹40 Lakh | Open | |
| 19 Oct 2023 | 100864846 | Others | ₹50 Lakh | Satisfied |
To see the full charge records of Raag Innovations Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Raag Innovations 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 Raag Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Raag Innovations has 5 GST registrations: 4 active and 1 cancelled or inactive.
Total GSTINs
5
Active
4
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAHCR4160J1ZA | Haryana | Active | 01 Jul 2017 |
| 29AAHCR4160J1Z2 | Karnataka | Active | 06 Aug 2019 |
| 27AAHCR4160J1Z6 | Maharashtra | Active | 09 Aug 2020 |
| 19AAHCR4160J1Z3 | West Bengal | Active | 07 May 2021 |
To see the full GST registrations and return filing status of Raag Innovations Private Limited, buy the company report.
Recent activity
Raag Innovations Private Limited has 5 board changes on record since 2015: 4 appointments and 1 cessation. The latest: Ajit Pal Singh ceased to be Additional Director on 29 Sep 2018.
AGM
Raag Innovations Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 19 Oct 2023 via Charge ID 100864846 with Others was fully satisfied on 06 Aug 2025.
Charges
A charge with Others amounted to Rs. 70.00 Lakh with Charge ID 101130458 was registered on 23 Jul 2025.
Filing
Raag Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Haryana.
Charges
A charge with Others amounted to Rs. 50.00 Lakh with Charge ID 100864846 was registered on 19 Oct 2023.
Charges
A charge with Others of Rs. 40.00 Lakh registered on 27 Jun 2019 with Charge ID 100276048 was modified on 28 Jun 2019.
Charges
A charge with Others amounted to Rs. 40.00 Lakh with Charge ID 100276048 was registered on 27 Jun 2019.
Ceased
Ajit Pal Singh ceased to be Additional Director.
Appointed
Ajit Pal Singh was appointed as Director.
Appointed
Anju Gupta was appointed as Director.
Appointed
Govil Gupta was appointed as Director.
Appointed
Ripen Gupta was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Raag Innovations is an active private limited company based in Karnal, Haryana, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 17 August 2015 (11+ years old) and is registered under CIN U74140HR2015PTC056418.
Raag Innovations has 4 current directors:
- Govil Gupta - Director
- Ripen Gupta - Director
- Anju Gupta - Director
- Ajit Pal Singh - Director
The latest financial statements of Raag Innovations 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 2016 are in the company report.
The GSTIN of Raag Innovations is 06AAHCR4160J1ZA, registered in Haryana. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAHCR4160J1Z2 (Karnataka), 27AAHCR4160J1Z6 (Maharashtra), 19AAHCR4160J1Z3 (West Bengal).
The CIN (Corporate Identification Number) of Raag Innovations is U74140HR2015PTC056418. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raag Innovations was incorporated on 17 August 2015, making it 11+ years old. It is registered with the Registrar of Companies, Haryana.
The peers of Raag Innovations by revenue are Dag Process Instruments Private Limited, JK Led Sales and Marketing Private Limited, Microtrans Infratech Limited, all in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Ajit Pal Singh ceased to be Additional Director on 29 Sep 2018. Ajit Pal Singh was appointed as Director on 10 Mar 2018. Anju Gupta was appointed as Director on 17 Aug 2015. Raag Innovations has 5 board changes on record in total.
Yes, Raag Innovations is registered as a micro enterprise under Udyam registration (number: UDYAM-HR-10-0007696).
Raag Innovations can be reached through the website mansaa.io. Its registered office is in Karnal, Haryana, India.
The registered office of Raag Innovations is at 1703 Hsiidc Industrial Area Namaste Chowk, Karnal, Haryana, India – 132001.
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