About Ra-Source Private Limited
Data last updated:
Ra-Source Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the clean energy solutions segment of the environmental services sector. It was incorporated on 03 December 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74900TN2012PTC088763. Its GSTIN is 33AAGCR2689K1ZY (Tamil Nadu).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹52.96 Lakh. It is led by directors Heera Jayachandran and Harishankar Balaji.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 8/28 Ranga Villa Flat 6 Cit Colony 2nd Main Road, Mylapore Chennai Tamil Nadu., Tamil Nadu, India – 600004.
As per the financials filed for FY 2025, the company reported a revenue of ₹59.03 Lakh, a decline of 85% compared to the previous year. For the same year it recorded a net loss of ₹57.6 Lakh (net margin -97.6%) and EBITDA of -₹40.17 Lakh (EBITDA margin -68.1%). Revenue has declined at a compounded annual rate (CAGR) of 51% over three years and 10% over five years.
The company is associated with 1 brand: Ra-Source. As per MCA filings, the company has open charges of ₹61.86 Lakh and satisfied charges of ₹25.7 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ra-source.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address8/28 Ranga Villa Flat 6 Cit Colony 2nd Main Road, Mylapore Chennai Tamil Nadu., Tamil Nadu, India – 600004
- IndustryEnvironment, Clean Energy 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 Ra-Source Private Limited
The main business activity of Ra-Source is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | 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 Ra-Source Private Limited FY 2025 filings available
Ra-Source Private Limited reported revenue of ₹59.03 Lakh (down 85% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ra-Source Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 85% fall in the latest year. EBITDA fell 451% 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 Ra-Source Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹40.17 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹57.6 Lakh | •••• | •••• | •••• | •••• |
| 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 Ra-Source Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -68.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -97.6% | •••• | •••• | •••• | •••• |
| 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 Ra-Source 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.
Peer Comparison of Ra-Source Private Limited
Ra-Source Private Limited is compared with the companies closest to it by revenue in the Cleantech industry (Energy Solutions). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bright Power Solutions Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Thermax Sustainable Energy Solutions Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Sahastrakiran Energy (OPC) Private Limited | •••• | •••• | •••• | •••• | - | Ayodhya, Uttar Pradesh, India |
| Taqanal Energy Private Limited | •••• | •••• | •••• | •••• | - | Bengaluru, Karnataka, India |
| Finbird Technologies Private Limited | •••• | •••• | •••• | •••• | - | Bengaluru, Karnataka, India |
| Ra-Source Private Limited this company | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Leoes Energy Solutions Private Limited | •••• | •••• | •••• | •••• | - | Chitradurga, Karnataka, India |
| Baliram Technologies (OPC) Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Operative Energy Solutions (I) Private Limited | •••• | •••• | •••• | •••• | - | Ghazibhad, Uttar Pradesh, India |
| Subhapradha Power Private Limited | •••• | •••• | •••• | •••• | - | Vizianagaram, Andhra Pradesh, India |
| Lightning India Energy Solutions Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Ra-Source by revenue in the Cleantech industry (Energy Solutions), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Ra-Source Private Limited
Ra-Source Private Limited is audited by KRISHAAN AND COMPANY for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KRISHAAN AND COMPANY | 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 Ra-Source Private Limited
Ra-Source 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 |
|---|---|---|---|---|
| Heera Jayachandran | Director | 03 Dec 2012 | 13 Years 10 Months | Current |
| Harishankar Balaji | Director | 03 Dec 2012 | 13 Years 10 Months | Current |
Ownership and Shareholding of Ra-Source 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 Ra-Source Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Aug 2024 | Hdfc Bank Limited | ₹11.86 Lakh | Open |
| 27 Jun 2022 | Others | ₹50 Lakh | Open |
| 07 Jun 2013 | New Link Overseas Finance Limited | ₹25.7 Lakh | Satisfied |
Total charge records: 3 View all charges
Associated Brands with Ra-Source Private Limited
Ra-Source operates one associated brand: Ra-Source. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides solar photovoltaic systems, E-mobility for boats, and electric fishing solutions. | ra-source.com |
Employees and EPFO Compliance at Ra-Source Private Limited
Employment history and EPFO contributions of people linked to Ra-Source.
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 Ra-Source Private Limited
Ra-Source Private Limited has 3 board changes on record since 2012: 2 appointments and 1 cessation. The latest: Vijayshankar Balaji ceased to be Director on 30 Apr 2022.
Credit Ratings, Litigation & Regulatory Alerts for Ra-Source 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 Ra-Source 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 Ra-Source 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 Ra-Source Private Limited
Ra-Source has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCR2689K1ZY | Tamil Nadu | Active | 20 Jul 2017 |
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 Ra-Source 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 Ra-Source Private Limited
Ra-Source is an active private limited company based in Chennai, Tamil Nadu, India. The company works in clean energy solutions, within the environment industry. It was incorporated on 03 December 2012 (14+ years old) and is registered under CIN U74900TN2012PTC088763.
Ra-Source reported revenue of ₹59.03 Lakh for FY 2025 (down 85% YoY).
Ra-Source has 2 current directors:
- Heera Jayachandran - Director
- Harishankar Balaji - Director
Ra-Source reported a net loss of ₹57.6 Lakh (net margin -97.6%) and EBITDA of -₹40.17 Lakh (EBITDA margin -68.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ra-Source is -51% over three years and -10% over five years. In the latest year (FY 2025) revenue fell 85%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ra-Source is 33AAGCR2689K1ZY, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Ra-Source is U74900TN2012PTC088763. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ra-Source was incorporated on 03 December 2012, making it 14+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Ra-Source by revenue are Bright Power Solutions Private Limited, Thermax Sustainable Energy Solutions Limited, Sahastrakiran Energy (OPC) Private Limited, Taqanal Energy Private Limited, Finbird Technologies Private Limited and 5 more, all in the Cleantech industry (Energy Solutions).
Vijayshankar Balaji ceased to be Director on 30 Apr 2022. Harishankar Balaji was appointed as Director on 03 Dec 2012. Heera Jayachandran was appointed as Director on 03 Dec 2012.
Ra-Source can be reached through the website ra-source.com. Its registered office is in Chennai, Tamil Nadu, India.