MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-PB-12-0083327
Ishwar Cycle Industries Private Limited
Ishwar Cycle Industries Private Limited - automotive in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹20.93 Cr
▲ 42% YoY
Net profit · FY 2025
₹35.65 Lakh
Net margin 1.7%
EBITDA · FY 2025
₹1.04 Cr
EBITDA margin 5%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Ishwar Cycle Industries Private Limited
Data last updated:
Ishwar Cycle Industries Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the bicycle mfg and retail segment of the automotive sector. It was incorporated on 23 June 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U35929PB2021PTC053663. Its GSTIN is 03AAGCI1889J1ZC (Punjab).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Narinder Handa and Meenakshi.
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 Ishwar Cycle Industries Pvt. Ltd. Gobindgarh Sua Road, Ludhiana, Punjab, India – 141001.
As per the financials filed for FY 2025, the company reported a revenue of ₹20.93 Cr, a growth of 42% compared to the previous year. For the same year it recorded a net profit of ₹35.65 Lakh (net margin 1.7%) and EBITDA of ₹1.04 Cr (EBITDA margin 5%).
Ishwar Cycle Industries Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0083327).
Company details
CIN U35929PB2021PTC053663
Registration Number 053663
Incorporation Date 23 June 2021
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Small
Udyam Registration UDYAM-PB-12-0083327
Key People
Narinder Handa Director Meenakshi Director Recognitions & Rankings of Ishwar Cycle Industries
Contact details
Ishwar Cycle Industries Private Limited's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressIshwar Cycle Industries Pvt. Ltd. Gobindgarh Sua Road, Ludhiana, Punjab, India – 141001
- IndustryAutomotive, Bicycle Mfg & Retail
To see the full contact details of Ishwar Cycle Industries Private Limited, buy the company report.
Comprehensive company report
Ishwar Cycle Industries 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
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Business activity
The main business activity of Ishwar Cycle Industries is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles |
To see the full business activity and turnover split of Ishwar Cycle Industries Private Limited, buy the company report.
Financials of Ishwar Cycle Industries Private Limited
FY 2025 filings availableIshwar Cycle Industries Private Limited reported revenue of ₹20.93 Cr (up 42% YoY) for FY 2025.
Revenue · FY 2025
₹20.93 Cr ▲ 42%
Net profit · FY 2025
₹35.65 Lakh margin 1.7%
EBITDA · FY 2025
₹1.04 Cr margin 5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 42%
EBITDA CAGR growth
1 year
▲ 60%
Revenue rose 42% in the latest year. EBITDA rose 60% in the latest 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 |
|---|---|---|---|---|
| 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 | ₹1.04 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹35.65 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 5% | |||
| Net Profit Margin | 1.7% | |||
| 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 | ||||
To see the full financial statements and ratios of Ishwar Cycle Industries Private Limited, buy the company report.
Board of directors of Ishwar Cycle Industries Private Limited
Ishwar Cycle Industries has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narinder Handa | Director | 23 Jun 2021 | 5 Years 4 Months | Current |
| Meenakshi | Director | 23 Jun 2021 | 5 Years 4 Months | Current |
Peer comparison
Ishwar Cycle Industries Private Limited is compared with the 3 companies closest to it by revenue in the Automobiles industry (Cycles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ishwar Cycle Industries Private Limitedthis company | ₹20.93 Cr (FY 2025) | ₹35.65 Lakh | 1.7% | 42.0% | Ludhiana, Punjab, India | |
| Mitras Bikes Private Limited | ₹19.76 Cr (FY 2025) | -11.0% | New Delhi, Delhi, India | |||
| Vishivkarma Industries Pvt Ltd | ₹19.33 Cr (FY 2024) | 8.0% | Punjab, India | |||
| Gemko Thermo Mechaniks Private Limited | ₹18.81 Cr (FY 2025) | -1.0% | Punjab, India |
To see the full peer comparison of Ishwar Cycle Industries Private Limited, buy the company report.
Auditor
Ishwar Cycle Industries Private Limited is audited by Sanieev Bimla & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sanieev Bimla & Associates | FY 2023 | 008840N |
Shareholding
The shareholding of Ishwar Cycle Industries Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ishwar Cycle Industries Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ishwar Cycle Industries 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 Ishwar Cycle Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ishwar Cycle Industries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAGCI1889J1ZC | Punjab | Active | 12 Aug 2021 |
To see the full GST registrations and return filing status of Ishwar Cycle Industries Private Limited, buy the company report.
Recent activity
Ishwar Cycle Industries Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Meenakshi was appointed as Director on 23 Jun 2021.
AGM
Ishwar Cycle Industries Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ishwar Cycle Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Appointed
Meenakshi was appointed as Director.
Appointed
Narinder Handa was appointed as Director.
Incorporation
23 Jun 2021
Ishwar Cycle Industries Private Limited was registered on 23 Jun 2021 with Roc Chandigarh & aged 5 years 4 months as per MCA records.
Frequently asked questions
Ishwar Cycle Industries is an active private limited company based in Ludhiana, Punjab, India. The company works in bicycle mfg and retail, within the automotive industry. It was incorporated on 23 June 2021 (5+ years old) and is registered under CIN U35929PB2021PTC053663.
Ishwar Cycle Industries has 2 current directors:
- Narinder Handa - Director
- Meenakshi - Director
The latest financial statements of Ishwar Cycle Industries 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 2022 are in the company report.
The GSTIN of Ishwar Cycle Industries is 03AAGCI1889J1ZC, registered in Punjab.
The CIN (Corporate Identification Number) of Ishwar Cycle Industries is U35929PB2021PTC053663. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ishwar Cycle Industries was incorporated on 23 June 2021, making it 5+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Ishwar Cycle Industries by revenue are Mitras Bikes Private Limited, Vishivkarma Industries Pvt Ltd, Gemko Thermo Mechaniks Private Limited, all in the Automobiles industry (Cycles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles).
Meenakshi was appointed as Director on 23 Jun 2021. Narinder Handa was appointed as Director on 23 Jun 2021.
Yes, Ishwar Cycle Industries is registered as a small enterprise under Udyam registration (number: UDYAM-PB-12-0083327).
The registered office of Ishwar Cycle Industries is at Ishwar Cycle Industries Pvt. Ltd. Gobindgarh Sua Road, Ludhiana, Punjab, India – 141001.
Ishwar Cycle Industries operates in the automotive industry, in the bicycle mfg and retail segment.
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