MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0289432
Ragaai Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.59 Cr
▼ 35% YoY
Net loss · FY 2024
₹5.32 Cr
Net margin -205.2%
EBITDA · FY 2024
-₹5.16 Cr
EBITDA margin -199.2%
Authorised capital
₹65.25 Lakh
Registered with MCA
Paid-up capital
₹64.87 Lakh
Issued & subscribed
Company age
4 yrs
Est. 2022
Employees · EPFO
20
Provident fund records
Directors on board
2
As per MCA filings
About Ragaai Private Limited
Data last updated:
Ragaai Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Ragaai Inc.. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 24 January 2022.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72501KA2022FTC181471. Its GSTIN is 29AALCR5910Q1ZK (Karnataka).
The company has an authorised share capital of ₹65.25 Lakh and a paid-up capital of ₹64.87 Lakh. It is led by directors Gaurav Agarwal and Baleshwar Dayal Gupta.
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 Sector 2, Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.59 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net loss of ₹5.32 Cr (net margin -205.2%) and EBITDA of -₹5.16 Cr (EBITDA margin -199.2%).
The company has about 20 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: RagaAI.
Ragaai Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0289432). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website raga.ai.
Company details
CIN U72501KA2022FTC181471
Registration Number 181471
Incorporation Date 24 January 2022
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Ragaai Inc.
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0289432
CIN history
Ragaai has one previous CIN (Corporate Identification Number): U72501UP2022FTC158520. The current CIN is U72501KA2022FTC181471, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72501KA2022FTC181471 | Current |
| U72501UP2022FTC158520 | Previous |
Recognitions & Rankings of Ragaai
Contact details
Ragaai Private Limited's registered office is in Bangalore, Karnataka. Its website is raga.ai. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUrbanvault Hsr Layout 762 Ground Floor 19th Main Road, Garden Layout Sector 2, Bangalore, Karnataka, India – 560102
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Ragaai Private Limited, buy the company report.
Comprehensive company report
Ragaai 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
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Business activity
The main business activity of Ragaai is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Ragaai Private Limited, buy the company report.
Financials of Ragaai Private Limited
FY 2024 filings availableRagaai Private Limited reported revenue of ₹2.59 Cr (down 35% YoY) for FY 2024.
Revenue · FY 2024
₹2.59 Cr ▼ 35%
Net loss · FY 2024
₹5.32 Cr margin -205.2%
EBITDA · FY 2024
-₹5.16 Cr margin -199.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 35%
EBITDA CAGR growth
1 year
▼ 950%
Revenue fell 35% in the latest year. EBITDA fell 950% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹2.59 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹5.16 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹5.32 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -199.2% | ||
| Net Profit Margin | -205.2% | ||
| 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 Ragaai Private Limited, buy the company report.
Board of directors of Ragaai Private Limited
Ragaai has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gaurav Agarwal | Director | 24 Jan 2022 | 4 Years 9 Months | Current |
| Baleshwar Dayal Gupta | Director | 24 Jan 2022 | 4 Years 9 Months | Current |
Peer comparison
Ragaai Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tagjoy Consultants Private Limited | ₹2.6 Cr (FY 2025) | -77.0% | Greater Noida West, Uttar Pradesh, India | |||
| Zedvals Solutions Private Limited | ₹2.6 Cr (FY 2025) | 1411.0% | Delhi, India | |||
| Pistos Iot Solutions Private Limited | ₹2.6 Cr (FY 2025) | 73.0% | Chennai, Tamil Nadu, India | |||
| Jajambe Offset Private Limited | ₹2.59 Cr (FY 2024) | 21.0% | New Delhi, Delhi, India | |||
| Lana Technologies Private Limited | ₹2.59 Cr (FY 2024) | 124.0% | Ernakulam, Kerala, India | |||
| Ragaai Private Limitedthis company | ₹2.59 Cr (FY 2024) | -₹5.32 Cr | -205.2% | -35.0% | 20 | Bangalore, Karnataka, India |
| Someshwra Tech Consultants Private Limited | ₹2.59 Cr (FY 2024) | 20.0% | Delhi, India | |||
| RVS Quality Certifications Private Limited | ₹2.59 Cr (FY 2024) | 59.0% | Hyderabad, Telangana, India | |||
| Sciencefox Technologies Private Limited | ₹2.59 Cr (FY 2024) | 6.0% | New Delhi, Delhi, India | |||
| Uniqrr Technologies Private Limited | ₹2.59 Cr (FY 2025) | 17.0% | Aligarh, Uttar Pradesh, India | |||
| Frontdotpage Private Limited | ₹2.59 Cr (FY 2025) | -60.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Ragaai Private Limited, buy the company report.
Auditor
Ragaai Private Limited is audited by M. Rohit & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M. Rohit & Associates | FY 2024 | 021380S |
Shareholding
The shareholding of Ragaai Private Limited is on record for 2 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ragaai Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ragaai 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 Ragaai Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ragaai Private Limited has a workforce of 20 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
20
Active EPFO establishments
1
Employee growth
185.71%
GST
Ragaai has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALCR5910Q1ZK | Karnataka | Active | 25 Feb 2022 |
To see the full GST registrations and return filing status of Ragaai Private Limited, buy the company report.
Recent activity
Ragaai Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Baleshwar Dayal Gupta was appointed as Director on 24 Jan 2022.
AGM
Ragaai Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Ragaai Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Baleshwar Dayal Gupta was appointed as Director.
Appointed
Gaurav Agarwal was appointed as Director.
Incorporation
24 Jan 2022
Ragaai Private Limited was registered on 24 Jan 2022 with Roc Bangalore & aged 4 years 9 months as per MCA records.
News
Frequently asked questions
Ragaai is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 24 January 2022 (4+ years old) and is registered under CIN U72501KA2022FTC181471.
Ragaai has 2 current directors:
- Gaurav Agarwal - Director
- Baleshwar Dayal Gupta - Director
The latest financial statements of Ragaai 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 2022 are in the company report.
The GSTIN of Ragaai is 29AALCR5910Q1ZK, registered in Karnataka.
The CIN (Corporate Identification Number) of Ragaai is U72501KA2022FTC181471. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ragaai was incorporated on 24 January 2022, making it 4+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Ragaai by revenue are Tagjoy Consultants Private Limited, Zedvals Solutions Private Limited, Pistos Iot Solutions Private Limited, Jajambe Offset Private Limited, Lana Technologies Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Baleshwar Dayal Gupta was appointed as Director on 24 Jan 2022. Gaurav Agarwal was appointed as Director on 24 Jan 2022.
Yes, Ragaai is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0289432).
Ragaai can be reached through the website raga.ai. Its registered office is in Bangalore, Karnataka, India.
The registered office of Ragaai is at Urbanvault Hsr Layout 762 Ground Floor 19th Main Road, Garden Layout Sector 2, Bangalore, Karnataka, India – 560102.
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