About Rapid Canvas India Private Limited
Data last updated:
Rapid Canvas India Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of Rapid Canvas Inc. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 18 April 2022.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2022FTC380654. Its GSTIN is 27AALCR7925F1Z0 (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Vinit Vijay Phalnikar and Rahul Suhas Pangam.
Its last annual general meeting (AGM) was held on 09 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.63 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹1.76 Cr (net margin 10.6%) and EBITDA of ₹2.5 Cr (EBITDA margin 15%).
The company has about 17 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: RapidCanvas.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rapidcanvas.ai.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered AddressWework Vaswani Chambers 1st Floor 264 – 265, Dr Annie Besant Road Municipal Colony Shivaji Nagar, Mumbai, Maharashtra, India – 400030
- IndustryInformation Technology, Application Development & Software Solutions
- 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 Rapid Canvas India Private Limited
The main business activity of Rapid Canvas India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Rapid Canvas India Private Limited FY 2025 filings available
Rapid Canvas India Private Limited reported revenue of ₹16.63 Cr (up 29% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Rapid Canvas India Private Limited
Revenue rose 29% in the latest year. EBITDA rose 32% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Rapid Canvas India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | ₹2.5 Cr | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.76 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 of Rapid Canvas India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 15% | •••• | •••• |
| Net Profit Margin | 10.6% | •••• | •••• |
| 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 Rapid Canvas India are in the company report.
Financial statements from FY 2023
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 Rapid Canvas India Private Limited
Rapid Canvas India Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| QRC Assurance and Solutions Private Limited | ₹16.7 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Navi Mumbai, Maharashtra, India |
| Ranchhill Software Solutions Private Limited | ₹16.69 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Hyderabad, Telangana, India |
| Chimera Technologies Private Limited | ₹16.67 Cr (FY 2025) | •••• | •••• | -53.0% | •••• | Bangalore, Karnataka, India |
| Palnar Transmedia Private Limited | ₹16.65 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Thiruvananthapuram, Kerala, India |
| Portware India Private Limited | ₹16.64 Cr (FY 2017) | •••• | •••• | 3.0% | •••• | Hyderabad, Telangana, India |
| Rapid Canvas India Private Limited this company | ₹16.63 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Mumbai, Maharashtra, India |
| Shubham Audio Video Private Limited | ₹16.63 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Delhi, India |
| Ql2 Software (India) Private Limited. | ₹16.63 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Gurgaon, Haryana, India |
| Fourthsquare Global Solutions Private Limited | ₹16.61 Cr (FY 2025) | •••• | •••• | 54.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| Dbi Infomatics Private Limited | ₹16.61 Cr (FY 2025) | •••• | •••• | 144.0% | •••• | Thane, Maharashtra, India |
| Nexsus Business Solutions Private Limited | ₹16.6 Cr (FY 2023) | •••• | •••• | 42.0% | •••• | Navi Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Rapid Canvas India by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Rapid Canvas India Private Limited
Rapid Canvas India Private Limited is audited by MDA & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MDA & Co | 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 Rapid Canvas India Private Limited
Rapid Canvas India has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinit Vijay Phalnikar | Director | 18 Apr 2022 | 4 Years 5 Months | Current |
| Rahul Suhas Pangam | Director | 18 Apr 2022 | 4 Years 5 Months | Current |
Ownership and Shareholding of Rapid Canvas India 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 Rapid Canvas India Private Limited
Rapid Canvas India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Rapid Canvas India Private Limited
Rapid Canvas India operates one associated brand: RapidCanvas. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| An artificial intelligence-based platform for data science is provided. | rapidcanvas.ai |
Employees and EPFO Compliance at Rapid Canvas India Private Limited
Rapid Canvas India Private Limited has a workforce of 17 employees as of Apr 08, 2024.
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 Rapid Canvas India Private Limited
Rapid Canvas India Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Rahul Suhas Pangam was appointed as Director on 18 Apr 2022.
Credit Ratings, Litigation & Regulatory Alerts for Rapid Canvas India 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 Rapid Canvas India 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 Rapid Canvas India 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 Rapid Canvas India Private Limited
Rapid Canvas India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCR7925F1Z0 | Maharashtra | Active | 22 Aug 2022 |
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 Rapid Canvas India 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.
Related news about Rapid Canvas India Private Limited
Frequently Asked Questions about Rapid Canvas India Private Limited
Rapid Canvas India is an active foreign 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 18 April 2022 (4+ years old) and is registered under CIN U72200MH2022FTC380654.
Rapid Canvas India reported revenue of ₹16.63 Cr for FY 2025 (up 29% YoY).
Rapid Canvas India has 2 current directors:
- Vinit Vijay Phalnikar - Director
- Rahul Suhas Pangam - Director
Rapid Canvas India reported a net profit of ₹1.76 Cr (net margin 10.6%) and EBITDA of ₹2.5 Cr (EBITDA margin 15%) for FY 2025, as per its filed financial statements.
The GSTIN of Rapid Canvas India is 27AALCR7925F1Z0, registered in Maharashtra.
The CIN (Corporate Identification Number) of Rapid Canvas India is U72200MH2022FTC380654. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rapid Canvas India was incorporated on 18 April 2022, making it 4+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Rapid Canvas India by revenue are QRC Assurance and Solutions Private Limited, Ranchhill Software Solutions Private Limited, Chimera Technologies Private Limited, Palnar Transmedia Private Limited, Portware India Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Rahul Suhas Pangam was appointed as Director on 18 Apr 2022. Vinit Vijay Phalnikar was appointed as Director on 18 Apr 2022.
Rapid Canvas India can be reached through the website rapidcanvas.ai. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Rapid Canvas India is at Wework Vaswani Chambers 1st Floor 264 – 265, Dr Annie Besant Road Municipal Colony Shivaji Nagar, Mumbai, Maharashtra, India – 400030.