About Raincheck Networks Private Limited
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Raincheck Networks Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 15 December 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2011PTC224971. Its GSTIN is 27AAFCR6064F1ZA (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Bhavna Ramesh Gandhi and Ashish Ramesh Gandhi.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹8.23 Lakh, a decline of 54% compared to the previous year. For the same year it recorded a net profit of ₹2.05 Lakh (net margin 25%) and EBITDA of ₹4.46 Lakh (EBITDA margin 54.2%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years and 46% over five years.
The company has about 15 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹28 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rainchecknetworks.com.
Company details
Contact details
Raincheck Networks Private Limited's registered office is in Mumbai, Maharashtra. Its website is rainchecknetworks.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressWework Spectrum Tower 4th Floor Mindspace, Chincholi Bunder Road Off Link Road, Mumbai, Maharashtra, India – 400064
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Raincheck Networks 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
Business activity
The main business activity of Raincheck Networks is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Raincheck Networks Private Limited, buy the company report.
Financials of Raincheck Networks Private Limited
FY 2023 filings availableRaincheck Networks Private Limited reported revenue of ₹8.23 Lakh (down 54% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 46% over five years, including a 54% fall in the latest year. EBITDA rose 44% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹4.46 Lakh | ||||
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| Net Profit (PAT) | ₹2.05 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | 54.2% | ||||
| Net Profit Margin | 25% | ||||
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To see the full financial statements and ratios of Raincheck Networks Private Limited, buy the company report.
Board of directors of Raincheck Networks Private Limited
Raincheck Networks has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhavna Ramesh Gandhi | Director | 29 Mar 2022 | 4 Years 7 Months | Current |
| Ashish Ramesh Gandhi Also directs: Rootree Analytic LLP, Sadhrta Retail Limited | Director | 15 Dec 2011 | 14 Years 10 Months | Current |
Peer comparison
Raincheck Networks Private Limited is compared with the 3 companies closest to it by revenue in the Information Technology industry (Application Development), with the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| SVL Infotech Private Limited | ₹8.28 Lakh (FY 2020) | 26.0% | Chennai, Tamil Nadu, India | |||
| Litmass Analytics Private Limited | ₹8.23 Lakh (FY 2022) | -93.0% | Bangalore, Karnataka, India | |||
| Raincheck Networks Private Limitedthis company | ₹8.23 Lakh (FY 2023) | ₹2.05 Lakh | 25% | -54.0% | 15 | Mumbai, Maharashtra, India |
| Rockyou India Private Limited | ₹8.21 Lakh (FY 2021) | -98.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Raincheck Networks Private Limited, buy the company report.
Auditor
Raincheck Networks Private Limited is audited by S V BHAT & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S V BHAT & CO | FY 2018 | 101298W |
Shareholding
The shareholding of Raincheck Networks Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Raincheck Networks Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Sep 2017 | 100132822 | Others | ₹18 Lakh | Open | |
| 10 Feb 2016 | 10619981 | Hdfc Bank Limited | ₹10 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Raincheck Networks Private Limited has 1 court case on record: 1 filed by Raincheck Networks. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Raincheck Networks Private Limited, buy the company report.
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
No delayed payments to MSME suppliers are on our record for Raincheck Networks Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Raincheck Networks Private Limited has a workforce of 15 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Raincheck Networks has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCR6064F1ZA | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Raincheck Networks Private Limited, buy the company report.
Recent activity
Raincheck Networks Private Limited has 3 board changes on record since 2011: 2 appointments and 1 cessation. The latest: Rakesh Navin Shah ceased to be Director on 31 Mar 2022.
Frequently asked questions
Raincheck Networks is an active private limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 15 December 2011 (15+ years old) and is registered under CIN U74900MH2011PTC224971.
Raincheck Networks has 2 current directors:
- Bhavna Ramesh Gandhi - Director
- Ashish Ramesh Gandhi - Director
The latest financial statements of Raincheck Networks on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Raincheck Networks is 27AAFCR6064F1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of Raincheck Networks is U74900MH2011PTC224971. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raincheck Networks has 1 court case on record: 1 filed by the company.
Raincheck Networks was incorporated on 15 December 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Raincheck Networks by revenue are SVL Infotech Private Limited, Litmass Analytics Private Limited, Rockyou India Private Limited, all in the Information Technology industry (Application Development), with the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Rakesh Navin Shah ceased to be Director on 31 Mar 2022. Bhavna Ramesh Gandhi was appointed as Director on 29 Mar 2022. Ashish Ramesh Gandhi was appointed as Director on 15 Dec 2011.
Raincheck Networks can be reached through the website rainchecknetworks.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Raincheck Networks is at Wework Spectrum Tower 4th Floor Mindspace, Chincholi Bunder Road Off Link Road, Mumbai, Maharashtra, India – 400064.
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