About Raft Media Systems Private Limited
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Raft Media Systems Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 13 July 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72300GJ2015PTC083836. Its GSTIN is 24AADCI8687D2ZD (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Intellimedia Solutions Private Limited. It is led by directors Ashit Kantilal Vora and Nirav Vikrambhai Vasa.
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 703/A Safal Parivesh Uthopia Restaurant Gali 100Ft Road, Nr. Prahaladnagar Garden Ahmedabad Gujarat, Gujarat, India – 380051.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.81 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹6.77 Lakh (net margin 1.8%) and EBITDA of ₹16.69 Lakh (EBITDA margin 4.4%). Revenue has grown at a compounded annual rate (CAGR) of 135% over three years.
The company has about 16 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: eventRAFT, RaftLabs and Raft Labs.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website raftlabs.co.
Company details
Name history
Raft Media Systems has undergone 2 name changes throughout its history. The company was previously known as Intellimedia Solutions Private Limited, and Raft Media Systems Private Limited. The current legal name is Raft Media Systems Private Limited.
| Company Name | Status |
|---|---|
| Raft Media Systems Private Limited | Current |
| Intellimedia Solutions Private Limited | Previous |
Contact details
Raft Media Systems Private Limited's registered office is in Ahmedabad, Gujarat. Its website is raftlabs.co. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address703/A Safal Parivesh Uthopia Restaurant Gali 100Ft Road, Nr. Prahaladnagar Garden Ahmedabad Gujarat, Gujarat, India – 380051
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Raft Media Systems Private Limited, buy the company report.
- 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
Brands
Raft Media Systems operates multiple associated brands including eventRAFT, RaftLabs, and Raft Labs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| An event management application that streamlines planning and organization of events. | eventraft.com | |
| Software development agency for web, mobile, and AI app creation. | raftlabs.co | |
| Provides software development services for web, mobile, AI apps, and rapid prototyping. | raftlabs.com |
Business activity
The main business activity of Raft Media Systems is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Raft Media Systems Private Limited, buy the company report.
Financials of Raft Media Systems Private Limited
FY 2024 filings availableRaft Media Systems Private Limited reported revenue of ₹3.81 Cr (down 3% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 135%. EBITDA fell 81% 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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| EBITDA | ₹16.69 Lakh | ||||
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| Net Profit (PAT) | ₹6.77 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 4.4% | ||||
| Net Profit Margin | 1.8% | ||||
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To see the full financial statements and ratios of Raft Media Systems Private Limited, buy the company report.
Board of directors of Raft Media Systems Private Limited
Raft Media Systems has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashit Kantilal Vora | Director | 27 Jul 2020 | 6 Years 3 Months | Current |
| Nirav Vikrambhai Vasa | Director | 27 Jul 2020 | 6 Years 3 Months | Current |
Peer comparison
Raft Media Systems Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (data processing, hosting and related activities; web portal), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Webcrunch Technology Private Limited | ₹3.84 Cr (FY 2025) | 183.0% | Bhubaneswar, Odisha, India | |||
| Team Tweaks Technologies Private Limited | ₹3.83 Cr (FY 2024) | 23.0% | Kanchipuram, Tamil Nadu, India | |||
| Onestore India Private Limited | ₹3.82 Cr (FY 2025) | -5.0% | New Delhi, Delhi, India | |||
| Webworld Experts India Private Limited | ₹3.81 Cr (FY 2024) | -12.0% | Chandigarh, India | |||
| Memat Digi Private Limited | ₹3.81 Cr (FY 2024) | 467.0% | Delhi, India | |||
| Raft Media Systems Private Limitedthis company | ₹3.81 Cr (FY 2024) | ₹6.77 Lakh | 1.8% | -3.0% | Ahmedabad, Gujarat, India | |
| Glamanand Entertainment Private Limited | ₹3.8 Cr (FY 2024) | 11.0% | New Delhi, Delhi, India | |||
| Impa Infotech Private Limited | ₹3.8 Cr (FY 2022) | 10.0% | Delhi, India | |||
| Avl Big Data India Private Limited | ₹3.8 Cr (FY 2025) | 73.0% | New Delhi, Delhi, India | |||
| Zenithsoft Systems Private Limited | ₹3.79 Cr (FY 2025) | 49.0% | Bangalore, Karnataka, India | |||
| Xcellhost Cloud Services Private Limited | ₹3.78 Cr (FY 2023) | -24.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Raft Media Systems Private Limited, buy the company report.
Auditor
Raft Media Systems Private Limited is audited by DHARMENDRA B SHAH & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DHARMENDRA B SHAH & ASSOCIATES | FY 2023 | 126248W |
Shareholding
The shareholding of Raft Media Systems Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
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| Others |
To see the full shareholding pattern of Raft Media Systems Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Raft Media Systems 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 Raft Media Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Raft Media Systems has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCI8687D2ZD | Gujarat | Active | 18 Jan 2021 |
To see the full GST registrations and return filing status of Raft Media Systems Private Limited, buy the company report.
Recent activity
Raft Media Systems Private Limited has 5 board changes on record since 2016: 2 appointments and 3 cessations. The latest: Joy Suryakantbhai Shah ceased to be Director on 30 Jul 2020.
Frequently asked questions
Raft Media Systems is an active private limited company based in Ahmedabad, Gujarat, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 13 July 2015 (11+ years old) and is registered under CIN U72300GJ2015PTC083836.
Raft Media Systems has 2 current directors:
- Ashit Kantilal Vora - Director
- Nirav Vikrambhai Vasa - Director
The latest financial statements of Raft Media Systems on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Raft Media Systems is 24AADCI8687D2ZD, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Raft Media Systems is U72300GJ2015PTC083836. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raft Media Systems was incorporated on 13 July 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Raft Media Systems by revenue are Webcrunch Technology Private Limited, Team Tweaks Technologies Private Limited, Onestore India Private Limited, Webworld Experts India Private Limited, Memat Digi Private Limited and 5 more, all in the same principal business activity (data processing, hosting and related activities; web portal).
Joy Suryakantbhai Shah ceased to be Director on 30 Jul 2020. Manushi Joy Shah ceased to be Director on 30 Jul 2020. Ashit Kantilal Vora was appointed as Director on 27 Jul 2020. Raft Media Systems has 5 board changes on record in total.
Raft Media Systems can be reached through the website raftlabs.co. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Raft Media Systems is at 703A Safal Parivesh Uthopia Restaurant Gali 100Ft Road, Nr. Prahaladnagar Garden Ahmedabad Gujarat, Gujarat, India – 380051.
Raft Media Systems operates in the information technology industry, in the IT consulting and support services segment.
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