MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MP-23-0035802
Techracers Private Limited - information technology in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹47.68 Cr
▼ 7% YoY
Net profit · FY 2025
₹4.92 Cr
Net margin 10.3%
EBITDA · FY 2025
₹7.51 Cr
EBITDA margin 15.8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹6.23 Cr
Secured borrowings
Company age
9 yrs
Est. 2017
Employees · EPFO
189
Provident fund records
About Techracers Private Limited
Data last updated:
Techracers Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 16 February 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U74999MP2017PTC042752. Its GSTIN is 23AAGCT1388P1ZT (Madhya Pradesh). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Jyoti Maheshwari and Ankur Maheshwari.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 78 Ahilya Nagar Ext. Near Gopur Square, Indore, Madhya Pradesh, India – 452009.
As per the financials filed for FY 2025, the company reported a revenue of ₹47.68 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹4.92 Cr (net margin 10.3%) and EBITDA of ₹7.51 Cr (EBITDA margin 15.8%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 32% over five years.
The company has about 189 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Deqode. As per MCA filings, the company has open charges of ₹6.23 Cr on record.
Techracers Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0035802). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website deqode.com.
Company details
CIN U74999MP2017PTC042752
Registration Number 042752
Incorporation Date 16 February 2017
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MP-23-0035802
Recognitions & Rankings of Techracers
Contact details
Techracers Private Limited's registered office is in Indore, Madhya Pradesh. Its website is deqode.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address78 Ahilya Nagar Ext. Near Gopur Square, Indore, Madhya Pradesh, India – 452009
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Techracers Private Limited, buy the company report.
Comprehensive company report
Techracers Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Techracers operates one associated brand: deqode. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers IT consulting, development, and support for software and blockchain needs. | deqode.com |
Business activity
The main business activity of Techracers 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 Techracers Private Limited, buy the company report.
Financials of Techracers Private Limited
FY 2024 filings availableTechracers Private Limited reported revenue of ₹47.68 Cr (down 7% YoY) for FY 2025.
Revenue · FY 2025
₹47.68 Cr ▼ 7%
Net profit · FY 2025
₹4.92 Cr margin 10.3%
EBITDA · FY 2025
₹7.51 Cr margin 15.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 28%
5 years · compounded
▲ 32%
EBITDA CAGR growth
1 year
▼ 26%
3 years · compounded
▲ 26%
5 years · compounded
▲ 34%
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 32%. EBITDA fell 26% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹7.51 Cr | ||||
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| Net Profit (PAT) | ₹4.92 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.8% | ||||
| Net Profit Margin | 10.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Techracers Private Limited, buy the company report.
Board of directors of Techracers Private Limited
Techracers has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jyoti Maheshwari | Director | 04 Jan 2019 | 7 Years 9 Months | Current |
| Ankur Maheshwari Also directs: Bluevanta Technologies Private Limited, Aahna Systech Private Limited, Deqode Softtech Private Limited and 5 more | Director | 16 Feb 2017 | 9 Years 8 Months | Current |
Peer comparison
Techracers Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Qualtech Consultants Private Limited | ₹47.99 Cr (FY 2025) | -2.0% | New Delhi, Delhi, India | |||
| Tyfone Communications Development (India) Private Limited | ₹47.98 Cr (FY 2025) | -2.0% | Bangalore, Karnataka, India | |||
| In2it Technologies Private Limited | ₹47.88 Cr (FY 2020) | -72.0% | Bhubaneswar, Odisha, India | |||
| Vertisystem Global Private Limited | ₹47.7 Cr (FY 2025) | -11.0% | Indore, Madhya Pradesh, India | |||
| Techracers Private Limitedthis company | ₹47.68 Cr (FY 2025) | ₹4.92 Cr | 10.3% | -7.0% | 189 | Indore, Madhya Pradesh, India |
| Brightstar Solutions India Private Limited | ₹47.62 Cr (FY 2025) | 10.0% | Hyderabad, Telangana, India | |||
| Fydox Technologies Private Limited | ₹47.6 Cr (FY 2025) | 4.0% | Chandrapur, Maharashtra, India | |||
| Citrus Informatics (India) Private Limited | ₹47.55 Cr (FY 2025) | 9.0% | Ernakulam, Kerala, India | |||
| Nextuple India Private Limited | ₹47.55 Cr (FY 2024) | 39.0% | Bangalore, Karnataka, India | |||
| Brane Enterprises Private Limited | ₹47.5 Cr (FY 2023) | 495.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Techracers Private Limited, buy the company report.
Auditor
Techracers Private Limited is audited by G MODI & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G MODI & ASSOCIATES | FY 2023 | 025302C |
Shareholding
The shareholding of Techracers Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Techracers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹6.23 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Sep 2025 | 101171186 | Others | ₹52.6 Lakh | Open | |
| 04 Nov 2024 | 101004906 | Axis Bank Limited | ₹20 Lakh | Open | |
| 07 Mar 2024 | 100893310 | Axis Bank Limited | ₹4 Cr | Open | |
| 23 Jan 2023 | 100676244 | Others | ₹1.5 Cr | Open |
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Techracers 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 Techracers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Techracers Private Limited has a workforce of 189 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
189
Active EPFO establishments
1
Employee growth
22.73%
GST
Techracers has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAGCT1388P1ZT | Madhya Pradesh | Active | 10 Jan 2019 |
| 27AAGCT1388P1ZL | Maharashtra | Active | 01 Feb 2019 |
To see the full GST registrations and return filing status of Techracers Private Limited, buy the company report.
Recent activity
Techracers Private Limited has 7 board changes on record since 2017: 2 appointments and 5 cessations. The latest: Jyoti Maheshwari ceased to be Additional Director on 31 Dec 2020.
Charges
A charge with Others amounted to Rs. 52.60 Lakh with Charge ID 101171186 was registered on 23 Sep 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 20.00 Lakh with Charge ID 101004906 was registered on 04 Nov 2024.
AGM
Techracers Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Techracers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Gwalior.
Charges
A charge with Axis Bank Limited amounted to Rs. 400.00 Lakh with Charge ID 100893310 was registered on 07 Mar 2024.
Charges
A charge with Others amounted to Rs. 150.00 Lakh with Charge ID 100676244 was registered on 23 Jan 2023.
Ceased
Jyoti Maheshwari ceased to be Additional Director.
Ceased
Dilip Chouhan ceased to be Director.
Ceased
Dinesh Atoliya ceased to be Director.
Ceased
Gaurav Soni ceased to be Director.
Ceased
Mayank Kumar Jaimini ceased to be Director.
Appointed
Jyoti Maheshwari was appointed as Director.
2 earlier events are in the company report.
Frequently asked questions
Techracers is an active private limited company based in Indore, Madhya Pradesh, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 16 February 2017 (9+ years old) and is registered under CIN U74999MP2017PTC042752.
Techracers has 2 current directors:
- Jyoti Maheshwari - Director
- Ankur Maheshwari - Director
The latest financial statements of Techracers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Techracers is 23AAGCT1388P1ZT, registered in Madhya Pradesh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAGCT1388P1ZL (Maharashtra).
The CIN (Corporate Identification Number) of Techracers is U74999MP2017PTC042752. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Techracers was incorporated on 16 February 2017, making it 9+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Techracers by revenue are Qualtech Consultants Private Limited, Tyfone Communications Development (India) Private Limited, In2it Technologies Private Limited, Vertisystem Global Private Limited, Brightstar Solutions India Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
Jyoti Maheshwari ceased to be Additional Director on 31 Dec 2020. Dilip Chouhan ceased to be Director on 05 Jan 2019. Dinesh Atoliya ceased to be Director on 05 Jan 2019. Techracers has 7 board changes on record in total.
Yes, Techracers is registered as a small enterprise under Udyam registration (number: UDYAM-MP-23-0035802).
Techracers can be reached through the website deqode.com. Its registered office is in Indore, Madhya Pradesh, India.
The registered office of Techracers is at 78 Ahilya Nagar Ext. Near Gopur Square, Indore, Madhya Pradesh, India – 452009.