Rare IT Solutions Private Limited
About Rare IT Solutions Private Limited
Data last updated:
Rare IT Solutions Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the corporate training and development segment of the education sector. It was incorporated on 19 January 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U52100TG2015PTC097308. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Vava E Commerce Private Limited. It is led by directors Praveen Kolipyaka and Pentam Swapna.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Hyderabad, Telangana.
As per the financials filed for FY 2022, the company reported a revenue of ₹9.65 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹45,133 (net margin 4.7%) and EBITDA of ₹67,311 (EBITDA margin 7%). Revenue has grown at a compounded annual rate (CAGR) of 70% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressFlatno:406 – A Murari Giridhari Homes Bharat Nagar Colony Sy No:29/2 Abhyudaya Nagar Bandla, Guda Jagir, Hyderabad, Telangana, India – 500086
- IndustryEducation, Corporate Training & Development
- 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 Rare IT Solutions Private Limited
The main business activity of Rare IT Solutions is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical 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 Rare IT Solutions Private Limited FY 2022 filings available
Rare IT Solutions Private Limited reported revenue of ₹9.65 Lakh (up 1106% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Rare IT Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 70% over five years. 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 Rare IT Solutions Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| 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 | ₹67,311 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹45,133 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Rare IT Solutions Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.7% | •••• | •••• | •••• | •••• |
| 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 Rare IT Solutions 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.
Auditor Details of Rare IT Solutions Private Limited
Rare IT Solutions Private Limited is audited by THIRUPATHI & ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| THIRUPATHI & ASSOCIATES | 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 Rare IT Solutions Private Limited
Rare IT Solutions has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Praveen Kolipyaka Also directs: KP Techskills Private Limited, Right Mentor Private Limited | Director | 01 Apr 2021 | 5 Years 6 Months | Current |
| Pentam Swapna Also directs: KP Techskills Private Limited, Right Mentor Private Limited | Director | 23 Jun 2023 | 3 Years 3 Months | Current |
Ownership and Shareholding of Rare IT Solutions 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 Rare IT Solutions Private Limited
Rare IT Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Rare IT Solutions Private Limited
Rare IT Solutions Private Limited has a workforce of 0 employees as of Mar 29, 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 Rare IT Solutions Private Limited
Rare IT Solutions Private Limited has 8 board changes on record since 2018: 2 appointments and 6 cessations. The latest: Kuthadi Satyanarayana ceased to be Director on 24 Jun 2023.
Credit Ratings, Litigation & Regulatory Alerts for Rare IT Solutions 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 Rare IT Solutions 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 Rare IT Solutions 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 Rare IT Solutions Private Limited
Rare IT Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Rare IT Solutions 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 Rare IT Solutions Private Limited
Rare IT Solutions is an active private limited company based in Hyderabad, Telangana, India. The company works in corporate training and development, within the education industry. It was incorporated on 19 January 2015 (11+ years old) and is registered under CIN U52100TG2015PTC097308.
Rare IT Solutions reported revenue of ₹9.65 Lakh for FY 2022 (up 1106% YoY).
Rare IT Solutions has 2 current directors:
- Praveen Kolipyaka - Director
- Pentam Swapna - Director
Rare IT Solutions reported a net profit of ₹45,133 (net margin 4.7%) and EBITDA of ₹67,311 (EBITDA margin 7%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Rare IT Solutions is 70% over five years. CAGR is the steady yearly rate that links the first and the last year.
No. Rare IT Solutions has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Rare IT Solutions is U52100TG2015PTC097308. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rare IT Solutions was incorporated on 19 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Hyderabad.
Kuthadi Satyanarayana ceased to be Director on 24 Jun 2023. Pentam Swapna was appointed as Director on 23 Jun 2023. Harika Mittapalli ceased to be Director on 22 Nov 2022. Rare IT Solutions has 8 board changes on record in total.
The registered office of Rare IT Solutions is at Flatno:406 – A Murari Giridhari Homes Bharat Nagar Colony Sy No:292 Abhyudaya Nagar Bandla, Guda Jagir, Hyderabad, Telangana, India – 500086.