Element5 Racing (India) Private Limited
About Element5 Racing (India) Private Limited
Data last updated:
Element5 Racing (India) Private Limited is a private limited company based in Mysore, Karnataka, India. It operates in the passenger vehicles segment of the automotive sector. It was incorporated on 29 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U34202KA2020PTC140412. Its GSTIN is 29AAGCE1679L1Z2 (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors Venugopal Avinash and Bharathi Nagaraj Urs.
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 #922 New Kantharaj Urs Road Lakshmipuram, Mysore, Karnataka, India – 570004.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.84 Lakh, a decline of 85% compared to the previous year. For the same year it recorded a net loss of ₹35.4 Lakh (net margin -187.9%) and EBITDA of -₹36.24 Lakh (EBITDA margin -192.4%). Revenue has declined at a compounded annual rate (CAGR) of 63% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Element5 Racing (India) Private Limited's registered office is in Mysore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered Address#922 New Kantharaj Urs Road Lakshmipuram, Mysore, Karnataka, India – 570004
- IndustryAutomotive, Passenger Vehicles
To see the full contact details of Element5 Racing (India) 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 Element5 Racing (India) is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Element5 Racing (India) Private Limited, buy the company report.
Financials of Element5 Racing (India) Private Limited
FY 2025 filings availableElement5 Racing (India) Private Limited reported revenue of ₹18.84 Lakh (down 85% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 63% over three years, including a 85% fall in the latest year. EBITDA rose 85% 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 | -₹36.24 Lakh | ||||
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| Net Profit (PAT) | -₹35.4 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -192.4% | ||||
| Net Profit Margin | -187.9% | ||||
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To see the full financial statements and ratios of Element5 Racing (India) Private Limited, buy the company report.
Board of directors of Element5 Racing (India) Private Limited
Element5 Racing (India) 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 |
|---|---|---|---|---|
| Venugopal Avinash | Director | 13 Mar 2023 | 3 Years 7 Months | Current |
| Bharathi Nagaraj Urs | Director | 02 Dec 2025 | 0 Years 10 Months | Current |
Auditor
Element5 Racing (India) Private Limited is audited by E S & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| E S & ASSOCIATES | FY 2021 | 011236S |
Shareholding
The shareholding of Element5 Racing (India) Private Limited is on record for FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Element5 Racing (India) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Element5 Racing (India) 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 Element5 Racing (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Element5 Racing (India) Private Limited has 1 active EPFO establishment as of Apr 07, 2024.
GST
Element5 Racing (India) has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCE1679L1Z2 | Karnataka | Active | 01 Mar 2021 |
| 27AAGCE1679L1Z6 | Maharashtra | Active | 14 Oct 2021 |
To see the full GST registrations and return filing status of Element5 Racing (India) Private Limited, buy the company report.
Recent activity
Element5 Racing (India) Private Limited has 4 board changes on record since 2020: 3 appointments and 1 cessation. The latest: Bharathi Nagaraj Urs was appointed as Director on 02 Dec 2025.
Frequently asked questions
Element5 Racing (India) is an active private limited company based in Mysore, Karnataka, India. The company works in passenger vehicles, within the automotive industry. It was incorporated on 29 October 2020 (6+ years old) and is registered under CIN U34202KA2020PTC140412.
Element5 Racing (India) has 2 current directors:
- Venugopal Avinash - Director
- Bharathi Nagaraj Urs - Director
The latest financial statements of Element5 Racing (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Element5 Racing (India) is 29AAGCE1679L1Z2, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAGCE1679L1Z6 (Maharashtra).
The CIN (Corporate Identification Number) of Element5 Racing (India) is U34202KA2020PTC140412. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Element5 Racing (India) was incorporated on 29 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Bharathi Nagaraj Urs was appointed as Director on 02 Dec 2025. Raghuchaitanya Yashodhar Nayak ceased to be Director on 03 Apr 2023. Venugopal Avinash was appointed as Director on 13 Mar 2023. Element5 Racing (India) has 4 board changes on record in total.
The registered office of Element5 Racing (India) is at #922 New Kantharaj Urs Road Lakshmipuram, Mysore, Karnataka, India – 570004.
Element5 Racing (India) operates in the automotive industry, in the passenger vehicles segment.
The compliance status of Element5 Racing (India) is compliant as of 22 July 2026. The company is actively filing with the Registrar of Companies.