Rapid IT Solutions India Private Limited
About Rapid IT Solutions India Private Limited
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Rapid IT Solutions India Private Limited is a private limited company based in Coimbatore, Tamil Nadu, India. The company is currently under process of striking off by the Registrar of Companies. The removal process has been initiated but is not yet final, and the company may be struck off soon. It operates in the hosting and related activities segment of the technology and IT services sector. It was incorporated on 04 February 2004.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U72200TZ2004PTC010955.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Mathi Reddi Palayam Palanisamy Prem Anand (Managing Director) and Venkitareddi Muthuswamy.
Its last annual general meeting (AGM) was held on 29 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 69 Lakshmi Nagar Ganapathy, Coimbatore, Tamil Nadu, India – 641006.
As per the financials filed for FY 2019, the company reported a revenue of ₹2 Lakh, a decline of 67% compared to the previous year. For the same year it recorded a net loss of ₹75,000 (net margin -37.5%) and EBITDA of -₹75,000 (EBITDA margin -37.5%). Revenue has declined at a compounded annual rate (CAGR) of 41% over three years.
As per MCA filings, the company has satisfied charges of ₹7.5 Lakh on record.
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- Registered Address69 Lakshmi Nagar Ganapathy, Coimbatore, Tamil Nadu, India – 641006
- IndustryInformation Technology, Hosting And Related Activities, Data Processing
- 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
Financials of Rapid IT Solutions India Private Limited FY 2021 filings available
Rapid IT Solutions India Private Limited reported revenue of ₹2 Lakh (down 67% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Rapid IT Solutions India Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 41% over three years, including a 67% fall in the latest year. EBITDA fell 257% 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 of Rapid IT Solutions India Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| 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 | -₹75,000 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹75,000 | •••• | •••• | •••• | •••• |
| 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 IT Solutions India Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -37.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -37.5% | •••• | •••• | •••• | •••• |
| 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 IT Solutions India are in the company report.
Financial statements from 2015
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.
Board of Directors of Rapid IT Solutions India Private Limited
Rapid IT Solutions India has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mathi Reddi Palayam Palanisamy Prem Anand Also directs: Aatral Ventures Private Limited | Managing Director | 04 Feb 2004 | 22 Years 8 Months | Current |
| Venkitareddi Muthuswamy | Director | 04 Feb 2004 | 22 Years 8 Months | Current |
Peer Comparison of Rapid IT Solutions India Private Limited
Rapid IT Solutions India Private Limited is compared with the companies closest to it by revenue in the Education industry (Office and School Supplies). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Lindfield Ventures Private Limited | ₹2.2 Lakh (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Slickfoods (India) (OPC) Private Limited | ₹2.06 Lakh (FY 2018) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Medicus Eduserv Private Limited | ₹2.02 Lakh (FY 2022) | •••• | •••• | -18.0% | •••• | Delhi, India |
| Shri Krishna Prints and Outsourcing Private Limited | ₹2.01 Lakh (FY 2024) | •••• | •••• | -86.0% | •••• | Mumbai, Maharashtra, India |
| Hitecc Prints (India ) Private Limited | ₹2.01 Lakh (FY 2018) | •••• | •••• | 11.0% | •••• | Bangalore, Karnataka, India |
| Rapid IT Solutions India Private Limited this company | ₹2 Lakh (FY 2019) | •••• | •••• | -67.0% | •••• | Coimbatore, Tamil Nadu, India |
| VHM Impex Private Limited | ₹1.99 Lakh (FY 2017) | •••• | •••• | 301.0% | •••• | Thane, Maharashtra, India |
| Pristine Packers Private Limited | ₹1.98 Lakh (FY 2025) | •••• | •••• | 2.0% | •••• | Nelamangala, Karnataka, India |
| Spark Writing Aids (India) Pvt.Ltd. | ₹1.93 Lakh (FY 2025) | •••• | •••• | -51.0% | •••• | Kolkata, West Bengal, India |
| PTC 33 Trading Private Limited | ₹1.88 Lakh (FY 2022) | •••• | •••• | -96.0% | •••• | Mumbai, Maharashtra, India |
| SSR Innovations Private Limited | ₹1.85 Lakh (FY 2024) | •••• | •••• | -65.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Rapid IT Solutions India by revenue in the Education industry (Office and School Supplies), 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 IT Solutions India Private Limited
Rapid IT Solutions India Private Limited is audited by S.P.Paramasivam for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.P.Paramasivam | 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.
Ownership and Shareholding of Rapid IT Solutions 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 IT Solutions India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Aug 2004 | State Bank of India | ₹7.5 Lakh | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Rapid IT Solutions India Private Limited
Employment history and EPFO contributions of people linked to Rapid IT Solutions India.
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 IT Solutions India Private Limited
Rapid IT Solutions India Private Limited has 2 board changes on record since 2004: 2 appointments. The latest: Mathi Reddi Palayam Palanisamy Prem Anand was appointed as Managing Director on 04 Feb 2004.
Credit Ratings, Litigation & Regulatory Alerts for Rapid IT Solutions 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 IT Solutions 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 IT Solutions 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 IT Solutions India Private Limited
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 IT Solutions 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.
Frequently Asked Questions about Rapid IT Solutions India Private Limited
Rapid IT Solutions India is currently "Under Process of Striking Off" as per MCA records. The Registrar of Companies has initiated the process to remove the company from the register, typically due to non-filing of statutory returns. This process is not yet final, but the company may be struck off soon. Caution is advised before entering into any agreements with this entity.
Rapid IT Solutions India is a company pending strike off, currently registered as a private limited company based in Coimbatore, Tamil Nadu, India. The company works in hosting and related activities, within the information technology industry. It was incorporated on 04 February 2004 and is registered under CIN U72200TZ2004PTC010955. The company may be struck off soon - caution is advised.
The compliance status of Rapid IT Solutions India is compliant as of 11 August 2026.
Rapid IT Solutions India has 2 current directors:
- Mathi Reddi Palayam Palanisamy Prem Anand - Managing Director
- Venkitareddi Muthuswamy - Director
The CIN (Corporate Identification Number) of Rapid IT Solutions India is U72200TZ2004PTC010955. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rapid IT Solutions India was incorporated on 04 February 2004. It is registered with the Registrar of Companies, Coimbatore.
The registered office of Rapid IT Solutions India is at 69 Lakshmi Nagar Ganapathy, Coimbatore, Tamil Nadu, India – 641006.
Rapid IT Solutions India reported revenue of ₹2 Lakh for FY 2019 (down 67% YoY).
Rapid IT Solutions India has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh.
Rapid IT Solutions India reported a net loss of ₹75,000 (net margin -37.5%) and EBITDA of -₹75,000 (EBITDA margin -37.5%) for FY 2019, as per its filed financial statements.
Rapid IT Solutions India operates in the information technology industry, in the hosting and related activities segment.