About Rac IT Solutions Private Limited
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Rac IT Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the equipment leasing and financing segment of the financial services sector. It was incorporated on 08 April 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2008PTC180932. Its GSTIN is 27AADCR9546E1Z5 (Maharashtra). The company holds 11 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹4.96 Cr. It is led by directors including Asha Vipul Pandya and Vipul Jayantilal Pandya.
Its last annual general meeting (AGM) was held on 05 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹127.49 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹14.16 Cr (net margin 11.1%) and EBITDA of ₹74.91 Cr (EBITDA margin 58.8%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 66% over five years.
The company has about 366 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹47.6 Cr and satisfied charges of ₹62.22 Cr on record. Court records list 7 cases involving the company, including 6 filed by the company and 1 filed against it; 4 cases are pending. The company has 5 deals on record (4 secondary share transfers, 1 rights issue); the latest was in October 2014. Its 10 peer companies in the Information Technology industry (IT Products Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Riso India Private Limited with revenue of ₹130.69 Cr. The company has 15 MSME Form 1 returns on record between 2019 and 2024, listing 2,199 overdue payments to 66 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website racwg.com.
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- TelephoneLocked
- Website
- Social Media
- Registered Address408 409 4th Floor Parle Square, Mongibai Road Vile Parle East, Mumbai, Maharashtra, India – 400057
- IndustryFinancial Services, Equipment Leasing & Financing
- 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
- One PDF report, delivered after checkout
Business Activity of Rac IT Solutions Private Limited
The main business activities of Rac IT Solutions are support service to organizations and information and communication. In detail, this covers rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities and other information & communication service activities. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities | Locked |
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Rac IT Solutions Private Limited FY 2025 filings available
Rac IT Solutions Private Limited reported revenue of ₹127.49 Cr (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Rac IT Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 66% over five years, including 8% growth in the latest year. EBITDA rose 11% 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 Rac IT Solutions 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 | ₹74.91 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹14.16 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 Rac IT Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 58.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 11.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Rac IT Solutions are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Rac IT Solutions Private Limited
Rac IT Solutions has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Asha Vipul Pandya Also directs: Rac Infra Rental LLP | Director | 08 Apr 2008 | 18 Years 6 Months | Current |
| Vipul Jayantilal Pandya Also directs: Rac Infra Rental LLP | Director | 08 Apr 2008 | 18 Years 6 Months | Current |
| Parth Vipul Pandya | Director | 24 Nov 2023 | 2 Years 10 Months | Current |
Peer Comparison of Rac IT Solutions Private Limited
Rac IT Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Products Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Riso India Private Limited | ₹130.69 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | New Delhi, Delhi, India |
| Paramatrix Info Solutions Private Limited | ₹129.52 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Chandigarh, India |
| Empower India Limited | ₹129.47 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
| Ansata Computer Systems Private Limited | ₹128.89 Cr (FY 2025) | •••• | •••• | 50.0% | •••• | Bengaluru, Karnataka, India |
| Arrow PC Network Private Limited | ₹128.32 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Delhi, India |
| Rac IT Solutions Private Limited this company | ₹127.49 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
| Third Wave Ruggedtech Private Limited | ₹127.38 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Gandhinagar, Gujarat, India |
| Eptura India Private Limited | ₹126.3 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Gurgaon, Haryana, India |
| Rakesh Retails Private Limited | ₹124.58 Cr (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Shreepati Computech Private Limited | ₹123.73 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | New Delhi, Delhi, India |
| Sibin Learning Cart Private Limited | ₹123.73 Cr (FY 2024) | •••• | •••• | 355.0% | •••• | Siliguri, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Rac IT Solutions by revenue in the Information Technology industry (IT Products Retail and Distribution), 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 Rac IT Solutions Private Limited
Rac IT Solutions Private Limited is audited by UJJVAL K. MEHTA & ASSOCIATES for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| UJJVAL K. MEHTA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Rac IT Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Rac IT Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 May 2023 | Others | ₹11 Cr | Open |
| 27 May 2022 | Yes Bank Limited | ₹36.6 Cr | Open |
| 25 Mar 2021 | Others | ₹4.5 Cr | Satisfied |
| 21 Aug 2020 | Others | ₹26.4 Lakh | Satisfied |
| 31 Jan 2020 | Others | ₹8.15 Cr | Satisfied |
Total charge records: 21 View all charges
Deals & Funding of Rac IT Solutions Private Limited
Rac IT Solutions Private Limited has 5 deals on record (4 secondary share transfers, 1 rights issue); the latest was in October 2014.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2014 | Rights issue | ₹2.2 Cr | Investors: 2 individuals |
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Vipul Pandya HUF, 3 individuals |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2009 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
| Apr 2009 | Secondary share transfer | Undisclosed | Buyer: Sanghavi Enterprises, 3 individuals Seller: 2 individuals |
Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Rac IT Solutions Private Limited
Rac IT Solutions Private Limited has 7 court cases on record: 6 filed by Rac IT Solutions, 1 filed against it. 4 cases are pending and 3 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 1 | 4 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Digitech Call System Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Crossborder Logistech Private Limited and 1 other | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Rajiram Extream Solutions Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Navbharat Edison Motors Private Limited | Disposed |
Full case history
All 7 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Rac IT Solutions Private Limited
Rac IT Solutions Private Limited has 15 MSME Form 1 returns on record between 2019 and 2024, listing 2,199 overdue payments to 66 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 66)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Linkworld Infocom | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Aegis Solutions | •••• | •••• | •••• |
| Elite Copier Solutions Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 15 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Rac IT Solutions Private Limited
Rac IT Solutions Private Limited has a workforce of 366 employees as of Jun 04, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Rac IT Solutions Private Limited
Rac IT Solutions Private Limited has 4 board changes on record since 2008: 3 appointments and 1 cessation. The latest: Parth Vipul Pandya ceased to be Additional Director on 29 Sep 2024.
39 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Rac IT Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Rac IT Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Rac IT Solutions Private Limited
Rac IT Solutions has 11 GST registrations: 11 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCR9546E1Z5 | Maharashtra | Active | 01 Jul 2017 |
| 27AADCR9546E2Z4 | Maharashtra | Active | 01 Apr 2025 |
| 07AADCR9546E1Z7 | Delhi | Active | 01 Jul 2017 |
| 19AADCR9546E1Z2 | West Bengal | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Rac IT Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Rac IT Solutions Private Limited
Frequently Asked Questions about Rac IT Solutions Private Limited
Rac IT Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in equipment leasing and financing, within the financial services industry. It was incorporated on 08 April 2008 (18+ years old) and is registered under CIN U72900MH2008PTC180932.
Rac IT Solutions reported revenue of ₹127.49 Cr for FY 2025 (up 8% YoY).
Rac IT Solutions has 3 current directors:
- Asha Vipul Pandya - Director
- Vipul Jayantilal Pandya - Director
- Parth Vipul Pandya - Director
Rac IT Solutions reported a net profit of ₹14.16 Cr (net margin 11.1%) and EBITDA of ₹74.91 Cr (EBITDA margin 58.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Rac IT Solutions is 17% over three years and 66% over five years. In the latest year (FY 2025) revenue rose 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Rac IT Solutions is 27AADCR9546E1Z5, registered in Maharashtra. The company has 11 GST registrations in all, of which 11 are active. Other active GSTINs include 27AADCR9546E2Z4 (Maharashtra), 07AADCR9546E1Z7 (Delhi), 19AADCR9546E1Z2 (West Bengal).
The CIN (Corporate Identification Number) of Rac IT Solutions is U72900MH2008PTC180932. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rac IT Solutions has 7 court cases on record: 6 filed by the company and 1 filed against it. 4 are pending.
Rac IT Solutions was incorporated on 08 April 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Rac IT Solutions has 5 deals on record (4 secondary share transfers, 1 rights issue); the latest was in October 2014.
The peers of Rac IT Solutions by revenue are Riso India Private Limited, Paramatrix Info Solutions Private Limited, Empower India Limited, Ansata Computer Systems Private Limited, Arrow PC Network Private Limited and 5 more, all in the Information Technology industry (IT Products Retail and Distribution).
Parth Vipul Pandya ceased to be Additional Director on 29 Sep 2024. Parth Vipul Pandya was appointed as Director on 24 Nov 2023. Asha Vipul Pandya was appointed as Director on 08 Apr 2008. Rac IT Solutions has 4 board changes on record in total.