About Race2cloud Technologies Private Limited
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Race2cloud Technologies Private Limited is a private limited company based in Bengaluru, Karnataka, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 28 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2016PTC095367. Its GSTIN is 29AAHCR8978G1ZJ (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹9 Lakh. It is led by directors including Raju Gangaikondan Kulathu and Gomathi Raju.
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 Ginserv Site No. 1 Hal 3rd Stage Behind Hotel Leela Palace Kodihalli, Bengaluru, Karnataka, India – 560008.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.04 Cr, a growth of 38% compared to the previous year. For the same year it recorded a net profit of ₹1.42 Cr (net margin 14.1%) and EBITDA of ₹1.86 Cr (EBITDA margin 18.5%). Revenue has grown at a compounded annual rate (CAGR) of 53% over three years and 60% over five years.
The company has about 52 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Race2Cloud Technologies.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website race2cloudtech.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressGinserv Site No. 1 Hal 3rd Stage Behind Hotel Leela Palace Kodihalli, Bengaluru, Karnataka, India – 560008
- IndustryInformation Technology, Application Development & Software Solutions, Cloud Computing & Cloud Services
- 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 Race2cloud Technologies Private Limited
The main business activity of Race2cloud Technologies is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical 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 Race2cloud Technologies Private Limited FY 2024 filings available
Race2cloud Technologies Private Limited reported revenue of ₹10.04 Cr (up 38% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Race2cloud Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 60% over five years, including 38% growth in the latest year. EBITDA rose 57% 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 Race2cloud Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.86 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.42 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Race2cloud Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 14.1% | •••• | •••• | •••• | •••• |
| 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 Race2cloud Technologies are in the company report.
Financial statements from FY 2017
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.
Peer Comparison of Race2cloud Technologies Private Limited
Race2cloud Technologies Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other professional, scientific and technical activities). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Electrolux Professional India Private Limited | •••• | •••• | •••• | •••• | - | Gurgaon, Haryana, India |
| Brickwork Ratings India Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Veganflare India Private Limited | •••• | •••• | •••• | •••• | - | Bhiwandi, Maharashtra, India |
| Siddhakala Renewable Energy System Private Limited | •••• | •••• | •••• | •••• | 27 | Pune City, Maharashtra, India |
| Growthpond Technology Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Race2cloud Technologies Private Limited this company | •••• | •••• | •••• | •••• | - | Bengaluru, Karnataka, India |
| Nutech Graphics Private Limited | •••• | •••• | •••• | •••• | - | Bhubaneswar, Orissa, India |
| Arhan Power Private Limited | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Samatrix Consulting Private Limited | •••• | •••• | •••• | •••• | - | Gurugram, Haryana, India |
| Madras Radiography Engineers Private Limited | •••• | •••• | •••• | •••• | 69 | Vellore, Tamil Nadu, India |
| Zamco Apparel Private Limited | •••• | •••• | •••• | •••• | - | Vasundhra Enclave, Delhi, India |
Peers are the five companies nearest above and the five nearest below Race2cloud Technologies by revenue in the same principal business activity (Other professional, scientific and technical activities), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Race2cloud Technologies Private Limited
Race2cloud Technologies Private Limited is audited by Nisha Deepak & Associates for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Nisha Deepak & 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.
Board of Directors of Race2cloud Technologies Private Limited
Race2cloud Technologies has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raju Gangaikondan Kulathu | Director | 08 Apr 2019 | 7 Years 5 Months | Current |
| Gomathi Raju | Director | 28 Jul 2016 | 10 Years 2 Months | Current |
| Mitradutta Mohapatra Also directs: Care4sign Safetec Limited | Director | 28 Aug 2021 | 5 Years 1 Months | Current |
Ownership and Shareholding of Race2cloud Technologies 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 Race2cloud Technologies Private Limited
Race2cloud Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Race2cloud Technologies Private Limited
Race2cloud Technologies operates one associated brand: Race2Cloud Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of web development, IT cloud, data migration, and other services | race2cloud.com |
Employees and EPFO Compliance at Race2cloud Technologies Private Limited
Race2cloud Technologies Private Limited has a workforce of 52 employees as of Aug 29, 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 Race2cloud Technologies Private Limited
Race2cloud Technologies Private Limited has 5 board changes on record since 2016: 3 appointments and 2 cessations. The latest: Hiranmayi Raju ceased to be Director on 31 Oct 2022.
Credit Ratings, Litigation & Regulatory Alerts for Race2cloud Technologies 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.
MSME Payment Delays by Race2cloud Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Race2cloud Technologies 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 Race2cloud Technologies Private Limited
Race2cloud Technologies has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCR8978G1ZJ | Karnataka | Active | 01 Jul 2017 |
| 33AAHCR8978G1ZU | Tamil Nadu | Active | 22 Apr 2024 |
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 Race2cloud Technologies 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.
Frequently Asked Questions about Race2cloud Technologies Private Limited
Race2cloud Technologies is an active private limited company based in Bengaluru, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 28 July 2016 (10+ years old) and is registered under CIN U72200KA2016PTC095367.
Race2cloud Technologies reported revenue of ₹10.04 Cr for FY 2025 (up 38% YoY).
Race2cloud Technologies has 3 current directors:
- Raju Gangaikondan Kulathu - Director
- Gomathi Raju - Director
- Mitradutta Mohapatra - Director
Race2cloud Technologies reported a net profit of ₹1.42 Cr (net margin 14.1%) and EBITDA of ₹1.86 Cr (EBITDA margin 18.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Race2cloud Technologies is 53% over three years and 60% over five years. In the latest year (FY 2025) revenue rose 38%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Race2cloud Technologies is 29AAHCR8978G1ZJ, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAHCR8978G1ZU (Tamil Nadu).
The CIN (Corporate Identification Number) of Race2cloud Technologies is U72200KA2016PTC095367. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Race2cloud Technologies was incorporated on 28 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Race2cloud Technologies by revenue are Electrolux Professional India Private Limited, Brickwork Ratings India Private Limited, Veganflare India Private Limited, Siddhakala Renewable Energy System Private Limited, Growthpond Technology Private Limited and 5 more, all in the same principal business activity (Other professional, scientific and technical activities).
Hiranmayi Raju ceased to be Director on 31 Oct 2022. Mitradutta Mohapatra ceased to be Additional Director on 30 Nov 2021. Mitradutta Mohapatra was appointed as Director on 28 Aug 2021. Race2cloud Technologies has 5 board changes on record in total.
Yes, Race2cloud Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).