Racing Promotions Private Limited - Company Profile

It is a events and entertainment private limited company based in Chennai, Tamil Nadu, India, established in 2018.
2018 Chennai, Tamil Nadu, India Active
Last Updated:
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About Racing Promotions Private Limited

Racing Promotions Private Limited, a active private limited company, was established on 11 May 2018 in Chennai, Tamil Nadu, India. Engaging in entertainment venues & properties within the arts, entertainment and recreation sector, it holds CIN: U74999TN2018PTC122628. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹2.00 M and a paid-up capital of ₹0.25 M.

Its leadership includes Navjeet Singh Gadhoke (Director), Viresh Reddy (Director), Akhilesh Reddy Nandaluri (Managing Director). Past directors included Jamuna Selvaraj, Armaan Ebrahim, Viresh Reddy. Its latest AGM occurred on 29 November 2021, with the balance sheet filed on 31 March 2021. It is based at No.8/20 Rutland Gate, 4Th Street, Nungambakkam, Chennai, Tamil Nadu, 600006.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U74999TN2018PTC122628

  • Registration Number

    122628

  • Incorporation Date

    11 May 2018

  • Authorized Capital

    ₹2.00 M

  • Paid-Up Capital

    ₹0.25 M

  • ROC Code

    Roc Chennai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 2.00 M
  • Paid Up Capital ₹ 0.25 M
  • Company Age 7 Year, 9 Months
  • Last Filing with ROC 31 Mar 2021
  • Revenue Growth **** -44.31%
  • Profit Growth **** 123.06%
  • Ebitda **** 115.29%
  • Net Worth 137.90%
  • Total Assets **** 327.64%
Company report

Racing Promotions Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Racing Promotions Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Racing Promotions Private Limited?
Current Directors
Name Designation Appointment Date Status
Navjeet Singh Gadhoke Director 12 Aug 2021 Current
Viresh Reddy Director 12 Sep 2018 Current
Akhilesh Reddy Nandaluri Managing Director 15 Jun 2021 Current
Aditya Kamlesh Patel Director 11 May 2018 Current
Harshitha Gottipati Additional Director 03 Oct 2025 Current
Losari Naveen Kumar Additional Director 03 Oct 2025 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 17 Oct 2025 Past
Pramod Abcsdd Director 17 Oct 2025 Past
Pramod Abcsdd Additional Director 30 Sep 2019 Past
Pramod Abcsdd Additional Director 27 Oct 2022 Past
Pramod Abcsdd Director 17 Oct 2025 Past

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Financial Performance of Racing Promotions.

Racing Promotions Private Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 44.31% decrease. The company also saw a substantial improvement in profitability, with a 123.06% increase in profit. The company's net worth Soared by an impressive increase of 137.9%.

Racing Promotions revenue growth over time
Racing Promotions profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 -44.31%
*******
*******
*******
*******
Revenue from Operations
*******
 -51.29%
*******
*******
*******
*******
Total Assets
*******
 327.64%
*******
*******
*******
*******
Profit or Loss
*******
 123.06%
*******
*******
*******
*******
Net Worth
*******
 137.90%
*******
*******
*******
*******
EBITDA
*******
 115.29%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Racing Promotions?

In 2021, Racing Promotions had a public holding of 79.90%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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How Many Employees Work at Racing Promotions?

Unlock and access historical data on people associated with Racing Promotions, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Racing Promotions, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Racing Promotions's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Racing Promotions
Recent Activity within the Organization
  • Director Appointment

    The activity Harshitha Gottipati was appointed as a Additional Director was appointed as a Additional Director on 03 Oct 2025 & has been associated with this company since 4 months 22 days . was completed.

  • Director Appointment

    Progress on Losari Naveen Kumar was appointed as a Additional Director was appointed as a Additional Director on 03 Oct 2025 & has been associated with this company since 4 months 22 days . was documented.

  • Annual General Meeting

    The activity Racing Promotions Private Limited last Annual general meeting of members was held on 29 Nov 2021 as per latest MCA records. was completed.

  • Director Appointment

    Progress on Navjeet Singh Gadhoke was appointed as a Director was appointed as a Director on 12 Aug 2021 & has been associated with this company since 4 years 6 months . was documented.

  • Director Appointment

    Progress on Akhilesh Reddy Nandaluri was appointed as a Managing Director was appointed as a Managing Director on 15 Jun 2021 & has been associated with this company since 4 years 8 months . was documented.

  • Balance Sheet

    The activity Racing Promotions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Chennai. was completed.

Explore recent activity and updates - View Recent Activity

Frequently Asked Questions
What is the CIN of Racing Promotions Private Limited?

The CIN of Racing Promotions Private Limited is U74999TN2018PTC122628.

Where is Racing Promotions Private Limited headquartered?

Racing Promotions Private Limited is headquartered at No.8/20 Rutland Gate, 4Th Street, Nungambakkam, Chennai, Tamil Nadu, 600006.

When was Racing Promotions Private Limited incorporated?

Racing Promotions Private Limited was incorporated on 11 May 2018.

Who are the current directors of Racing Promotions Private Limited?

The current directors of Racing Promotions Private Limited are

What is the primary industry of Racing Promotions Private Limited?

The primary industry of Racing Promotions Private Limited is Arts, Entertainment And Recreation.

Is Racing Promotions Private Limited a listed company?

Racing Promotions Private Limited is unlisted.

What is the capital structure of Racing Promotions Private Limited?

The authorized capital of Racing Promotions Private Limited is ₹2.00 M, and the paid-up capital is ₹0.25 M.

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