Readiact Technology Consulting Private Limited
About Readiact Technology Consulting Private Limited
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Readiact Technology Consulting Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 15 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2018PTC117575. Its GSTIN is 29AAJCR2034H2ZB (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Karur Rangarajan Bharath and Karur Seshachar Rangarajan.
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 No 753 The Summit 29th Main 29 Cross Poornaprajna Lyt Uttarhalli, Bangalore, Karnataka, India – 560061.
As per the financials filed for FY 2023, the company reported a revenue of ₹46.89 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹10 Lakh (net margin -21.3%) and EBITDA of -₹9.39 Lakh (EBITDA margin -20%). Revenue has grown at a compounded annual rate (CAGR) of 152% over three years.
Company details
Contact details
Readiact Technology Consulting Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressNo 753 The Summit 29th Main 29 Cross Poornaprajna Lyt Uttarhalli, Bangalore, Karnataka, India – 560061
- IndustryInformation Technology, Other Computer Related Activities
To see the full contact details of Readiact Technology Consulting 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 Readiact Technology Consulting is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Readiact Technology Consulting Private Limited, buy the company report.
Financials of Readiact Technology Consulting Private Limited
FY 2023 filings availableReadiact Technology Consulting Private Limited reported revenue of ₹46.89 Lakh (up 195% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 152% over three years, including 195% growth in the latest year. EBITDA fell 522% 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
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| EBITDA | -₹9.39 Lakh | ||||
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| Net Profit (PAT) | -₹10 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 | -20% | ||||
| Net Profit Margin | -21.3% | ||||
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To see the full financial statements and ratios of Readiact Technology Consulting Private Limited, buy the company report.
Board of directors of Readiact Technology Consulting Private Limited
Readiact Technology Consulting has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karur Rangarajan Bharath Also directs: Kloudhealth Technologies Private Limited | Director | 08 Sep 2023 | 3 Years 1 Months | Current |
| Karur Seshachar Rangarajan | Director | 15 Oct 2018 | 8 Years 0 Months | Current |
Peer comparison
Readiact Technology Consulting Private Limited is compared with the 6 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Marketforever Private Limited | ₹46.96 Lakh (FY 2024) | 2.0% | Hyderabad, Telangana, India | |||
| Rempute Systems (OPC) Private Limited | ₹46.94 Lakh (FY 2025) | 64.0% | Noida, Uttar Pradesh, India | |||
| Optidesk Solutions Private Limited | ₹46.93 Lakh (FY 2021) | -34.0% | Bangalore, Karnataka, India | |||
| Creasophere Tech Private Limited | ₹46.93 Lakh (FY 2024) | 165.0% | Pune, Maharashtra, India | |||
| Readiact Technology Consulting Private Limitedthis company | ₹46.89 Lakh (FY 2023) | -₹10 Lakh | -21.3% | 195.0% | Bangalore, Karnataka, India | |
| Microui Digital Private Limited | ₹46.86 Lakh (FY 2025) | -30.0% | Pune, Maharashtra, India | |||
| Phybusol Computer Solutions Private Limited | ₹46.85 Lakh (FY 2023) | 7.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Readiact Technology Consulting Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Readiact Technology Consulting Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Readiact Technology Consulting Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Readiact Technology Consulting Private Limited has 1 active EPFO establishment as of Mar 30, 2024.
GST
Readiact Technology Consulting has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCR2034H2ZB | Karnataka | Active | 01 Aug 2022 |
To see the full GST registrations and return filing status of Readiact Technology Consulting Private Limited, buy the company report.
Recent activity
Readiact Technology Consulting Private Limited has 4 board changes on record since 2018: 2 appointments and 2 cessations. The latest: Pranothi Banwasi ceased to be Director on 15 Sep 2023.
Frequently asked questions
Readiact Technology Consulting is an active private limited company based in Bangalore, Karnataka, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 15 October 2018 (8+ years old) and is registered under CIN U72900KA2018PTC117575.
Readiact Technology Consulting has 2 current directors:
- Karur Rangarajan Bharath - Director
- Karur Seshachar Rangarajan - Director
The latest financial statements of Readiact Technology Consulting 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 FY 2019 are in the company report.
The GSTIN of Readiact Technology Consulting is 29AAJCR2034H2ZB, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Readiact Technology Consulting is U72900KA2018PTC117575. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Readiact Technology Consulting was incorporated on 15 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Readiact Technology Consulting by revenue are Marketforever Private Limited, Rempute Systems (OPC) Private Limited, Optidesk Solutions Private Limited, Creasophere Tech Private Limited, Microui Digital Private Limited and 1 more, all in the same principal business activity (computer programming, consultancy and related activities).
Pranothi Banwasi ceased to be Director on 15 Sep 2023. Karur Rangarajan Bharath was appointed as Director on 08 Sep 2023. Karur Rangarajan Bharath ceased to be Director on 25 Aug 2022. Readiact Technology Consulting has 4 board changes on record in total.
The registered office of Readiact Technology Consulting is at No 753 The Summit 29th Main 29 Cross Poornaprajna Lyt Uttarhalli, Bangalore, Karnataka, India – 560061.
Readiact Technology Consulting operates in the information technology industry, in the other computer related activities segment.
Readiact Technology Consulting can be reached at its registered office: No 753 The Summit 29th Main 29 Cross Poornaprajna Lyt Uttarhalli, Bangalore, Karnataka, India – 560061.