Raas Equipment Private Limited

Raas Equipment Private Limited - machinery and equipment in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U29308GJ2020PTC113972 Incorporated 15 June 2020 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Private Limited Company machinery and equipment DPIIT Startup MSME · Small
Data last updated
Revenue · FY 2025
₹11.07 Cr
▲ 38% YoY
Net loss · FY 2025
₹1.4 Cr
Net margin -12.6%
EBITDA · FY 2025
-₹4.71 Lakh
EBITDA margin -0.4%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.5 Cr
Issued & subscribed
Open charges
₹14 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Directors on board
4
As per MCA filings

About Raas Equipment Private Limited

Data last updated:

Raas Equipment Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Deep Industries Limited and recognised as a startup by DPIIT. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 15 June 2020 and has been in existence for over 6 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29308GJ2020PTC113972. Its GSTIN is 24AAKCR2103E1ZX (Gujarat).

The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors including Neel Mukeshbhai Savla and Sanket Ramniklal Joisar.

Its last annual general meeting (AGM) was held on 10 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 14 Ground Floor Abhishree Corporate Park Opp. Iskon Bopal Road Vill – Vejalpur, Ahmedabad, Gujarat, India – 380058.

As per the financials filed for FY 2025, the company reported a revenue of ₹11.07 Cr, a growth of 38% compared to the previous year. For the same year it recorded a net loss of ₹1.4 Cr (net margin -12.6%) and EBITDA of -₹4.71 Lakh (EBITDA margin -0.4%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years.

The company is associated with 1 brand: Deep Industries. As per MCA filings, the company has open charges of ₹14 Cr on record.

Raas Equipment Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0001418).

Company details

CIN U29308GJ2020PTC113972
Registration Number 113972
Incorporation Date 15 June 2020
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 10 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Deep Industries Limited
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0001418
Key People
Neel Mukeshbhai Savla Director Sanket Ramniklal Joisar Director Shail Manoj Savla Additional Director

Recognitions & Rankings of Raas Equipment

DPIIT recognised startup Government of India
Startup India
MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-01-0001418

Contact details

Raas Equipment Private Limited's registered office is in Ahmedabad, Gujarat. Its website is raasequipment.comhome.html. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    raasequipment.comhome.html
  • Registered Address
    14 Ground Floor Abhishree Corporate Park Opp. Iskon Bopal Road Vill – Vejalpur, Ahmedabad, Gujarat, India – 380058
  • Industry
    Machinery and Equipment, Industrial Machinery Manufacturing

To see the full contact details of Raas Equipment Private Limited, buy the company report.

Comprehensive company report
Raas Equipment 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

Brands

Raas Equipment operates one associated brand: Deep Industries. Each brand links to its own profile.

BrandDescriptionWebsite
Deep Industries
Natural gas compression, production, and related services are provided.deepindustries.com

Business activity

The main business activity of Raas Equipment is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment

To see the full business activity and turnover split of Raas Equipment Private Limited, buy the company report.

Financials of Raas Equipment Private Limited

FY 2025 filings available

Raas Equipment Private Limited reported revenue of ₹11.07 Cr (up 38% YoY) for FY 2025.

Revenue · FY 2025
₹11.07 Cr ▲ 38%
Net loss · FY 2025
₹1.4 Cr margin -12.6%
EBITDA · FY 2025
-₹4.71 Lakh margin -0.4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 38%
3 years · compounded
▼ 17%
EBITDA CAGR growth
1 year
▼ 103%
3 years · compounded
▼ 26%

Revenue rose 38% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 17%. EBITDA fell 103% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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-₹4.71 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹1.4 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin-0.4%
Net Profit Margin-12.6%
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 Raas Equipment Private Limited, buy the company report.

Board of directors of Raas Equipment Private Limited

Raas Equipment has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Neel Mukeshbhai SavlaDirector22 Jun 20215 Years 4 MonthsCurrent
Sanket Ramniklal JoisarDirector20 May 20242 Years 5 MonthsCurrent
Shail Manoj Savla
Also directs: Unidyne Trading LLP, MPD Warehousing Private Limited, Cc4 Global LLP and 2 more
Additional Director01 Jan 20260 Years 10 MonthsCurrent
Dharen Shantilal Savla
Also directs: Unidyne Trading LLP, Dolphin Offshore Enterprises (India) Limited, Deep Exploration Services Private Limited and 5 more
Director23 Jun 20251 Years 4 MonthsCurrent
View all directors

Auditor

Raas Equipment Private Limited is audited by MAHENDRA N. SHAH & CO. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
MAHENDRA N. SHAH & CO.FY 2023105775W

Shareholding

The shareholding of Raas Equipment Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Raas Equipment Private Limited, buy the company report.

Charges & borrowings

Open charges
₹14 Cr
Satisfied charges
None
Breakdown by lending institutions
Axis Bank Limited₹14.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
01 Jun 2021100451644Axis Bank Limited₹14 CrOpen

To see the full charge records of Raas Equipment Private Limited, buy the company report.

Total charge records: 1 View all charges

MSME payment delays

Raas Equipment Private Limited has 9 MSME Form 1 returns on record between 2021 and 2024, listing 365 overdue payments to 45 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 45)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
Triveni Equipments Pvt Ltd
an individual supplier
an individual supplier

To see the full MSME payment records of Raas Equipment Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Raas Equipment Private Limited has 1 active EPFO establishment as of Apr 07, 2024.

Active EPFO establishments
1

GST

Raas Equipment has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAKCR2103E1ZXGujaratActive04 Jul 2020

To see the full GST registrations and return filing status of Raas Equipment Private Limited, buy the company report.

Recent activity

Raas Equipment Private Limited has 12 board changes on record since 2021: 4 appointments and 8 cessations. The latest: Shail Manoj Savla was appointed as Additional Director on 01 Jan 2026.

Appointed
Shail Manoj Savla was appointed as Additional Director.
Ceased
Shanil Paras Savla ceased to be Director.
AGM
Raas Equipment Private Limited last Annual general meeting of members was held on 10 Sep 2025 as per latest MCA records.
Ceased
Dharen Shantilal Savla ceased to be Additional Director.
Appointed
Dharen Shantilal Savla was appointed as Director.
Charges
A charge with Axis Bank Limited of Rs. 14.00 Cr registered on 01 Jun 2021 with Charge ID 100451644 was modified on 26 May 2025.
Filing
Raas Equipment Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Sanket Ramniklal Joisar ceased to be Additional Director.
Appointed
Sanket Ramniklal Joisar was appointed as Director.
Ceased
Umang Upendra Bhatt ceased to be Additional Director.
Ceased
Rajesh Siyaram Sharma ceased to be Director.
Ceased
Neel Mukeshbhai Savla ceased to be Additional Director.

5 earlier events are in the company report.

Frequently asked questions

Raas Equipment is an active private limited company based in Ahmedabad, Gujarat, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 15 June 2020 (6+ years old) and is registered under CIN U29308GJ2020PTC113972.

Raas Equipment has 4 current directors:

The latest financial statements of Raas Equipment on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 September 2025. Year-wise statements from FY 2021 are in the company report.

The GSTIN of Raas Equipment is 24AAKCR2103E1ZX, registered in Gujarat.

The CIN (Corporate Identification Number) of Raas Equipment is U29308GJ2020PTC113972. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Raas Equipment was incorporated on 15 June 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Shail Manoj Savla was appointed as Additional Director on 01 Jan 2026. Shanil Paras Savla ceased to be Director on 31 Dec 2025. Dharen Shantilal Savla ceased to be Additional Director on 09 Sep 2025. Raas Equipment has 12 board changes on record in total.

Yes, Raas Equipment is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

Yes, Raas Equipment is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0001418).

Raas Equipment has 9 MSME Form 1 returns on record between 2021 and 2024, listing 365 overdue payments to 45 micro and small suppliers. The latest return was filed on 23 Apr 2024.

The registered office of Raas Equipment is at 14 Ground Floor Abhishree Corporate Park Opp. Iskon Bopal Road Vill – Vejalpur, Ahmedabad, Gujarat, India – 380058.