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M Glads E Power Private Limited - automobile in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹34.18 Lakh
▲ 20% YoY
Net profit · FY 2024
₹29,550
Net margin 0.9%
EBITDA · FY 2024
₹30,948
EBITDA margin 0.9%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About M Glads E Power Private Limited
Data last updated:
M Glads E Power Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the machinery repair and installation or automotive services segment of the automobiles sector. It was incorporated on 14 August 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31900GJ2021PTC124902. Its GSTIN is 24AAOCM8728N1ZO (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Chetan Suresh Sonawane and Gaurav Mandora.
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 Ff/34 Silver Triangle Opp Shivam Appartment Nava Vadaj, Ahmedabad, Gujarat, India – 380013.
As per the financials filed for FY 2024, the company reported a revenue of ₹34.18 Lakh, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹29,550 (net margin 0.9%) and EBITDA of ₹30,948 (EBITDA margin 0.9%).
The company is associated with 1 brand: M Glads. Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending.
M Glads E Power Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0271426). For more details, the company can be reached via its website mglads.com.
Company details
CIN U31900GJ2021PTC124902
Registration Number 124902
Incorporation Date 14 August 2021
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0271426
Recognitions & Rankings of M Glads E Power
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-01-0271426
Contact details
M Glads E Power Private Limited's registered office is in Ahmedabad, Gujarat. Its website is mglads.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFf/34 Silver Triangle Opp Shivam Appartment Nava Vadaj, Ahmedabad, Gujarat, India – 380013
- IndustryAutomobile, Machinery Repair & Installation Or Automotive Services
To see the full contact details of M Glads E Power Private Limited, buy the company report.
Comprehensive company report
M Glads E Power 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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Brands
M Glads E Power operates one associated brand: M GLADS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides electric vehicle charging stations and services across India. | mglads.com |
Business activity
The main business activity of M Glads E Power is manufacturing. In detail, this covers repair & installation of machinery & equipment, motor vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles |
To see the full business activity and turnover split of M Glads E Power Private Limited, buy the company report.
Financials of M Glads E Power Private Limited
FY 2025 filings availableM Glads E Power Private Limited reported revenue of ₹34.18 Lakh (up 20% YoY) for FY 2024.
Revenue · FY 2024
₹34.18 Lakh ▲ 20%
Net profit · FY 2024
₹29,550 margin 0.9%
EBITDA · FY 2024
₹30,948 margin 0.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 20%
EBITDA CAGR growth
1 year
▲ 178%
Revenue rose 20% in the latest year. EBITDA rose 178% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | 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 | ₹30,948 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹29,550 | ||
| 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 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 0.9% | ||
| Net Profit Margin | 0.9% | ||
| 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 M Glads E Power Private Limited, buy the company report.
Board of directors of M Glads E Power Private Limited
M Glads E Power has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chetan Suresh Sonawane Also directs: Oceanwaves MC LLP, Cocosprout Foods Private Limited, Bluwin Green Tech Private Limited and 3 more | Director | 14 Aug 2021 | 5 Years 2 Months | Current |
| Gaurav Mandora | Director | 14 Aug 2021 | 5 Years 2 Months | Current |
Peer comparison
M Glads E Power Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (repair & installation of machinery & equipment, motor vehicles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Andrew and Rayber Private Limited | ₹34.54 Lakh (FY 2024) | 83.0% | Nagercoil, Tamil Nadu, India | |||
| Saiko Matex Engineering Private Limited | ₹34.32 Lakh (FY 2025) | 13.0% | Mumbai, Maharashtra, India | |||
| City Automotive Services Private Limited | ₹34.31 Lakh (FY 2025) | 156.0% | Motihari, Bihar, India | |||
| Devicks Travels Private Limited | ₹34.22 Lakh (FY 2024) | -93.0% | North 24 Parganas, West Bengal, India | |||
| Cartonal Machines India Private Limited | ₹34.21 Lakh (FY 2025) | 14.0% | Bangalore, Karnataka, India | |||
| M Glads E Power Private Limitedthis company | ₹34.18 Lakh (FY 2024) | ₹29,550 | 0.9% | 20.0% | Ahmedabad, Gujarat, India | |
| Richam Eco Trading & Manufacturing Private Limited | ₹34.16 Lakh (FY 2024) | -39.0% | Kolar, Karnataka, India | |||
| Sabujshakti Energy Revolution Private Limited | ₹34.11 Lakh (FY 2018) | 24.0% | Hooghly, West Bengal, India | |||
| DSM Multi Car Services Private Limited | ₹33.94 Lakh (FY 2019) | 15.0% | Palghar, Maharashtra, India | |||
| Olive Agrotech Industries Private Limited | ₹33.88 Lakh (FY 2022) | 34.0% | Pune, Maharashtra, India | |||
| Liftex Vertical Automation System Private Limited | ₹33.72 Lakh (FY 2025) | -36.0% | Kolkata, West Bengal, India |
To see the full peer comparison of M Glads E Power Private Limited, buy the company report.
Auditor
M Glads E Power Private Limited is audited by NIKITA SONI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NIKITA SONI & CO. | FY 2023 | 146316W |
Shareholding
The shareholding of M Glads E Power 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 M Glads E Power Private Limited, buy the company report.
Legal cases
M Glads E Power Private Limited has 2 court cases on record: 2 filed by M Glads E Power. 1 case is pending and 1 is disposed.
Total cases
2
Filed by the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Capital Cabs and Texi Services Private Limited Authorised Person Sanjaykumar Rameshbhai Patel and 3 others | Pending |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed by the company against Capital Cabs and Texi Services Private Limited Authorised Person Sanjaykumar Rameshbhai Patel and 3 others | Disposed |
To see the full case history of M Glads E Power Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for M Glads E Power Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
M Glads E Power Private Limited has 1 active EPFO establishment as of Apr 08, 2024.
Active EPFO establishments
1
GST
M Glads E Power has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAOCM8728N1ZO | Gujarat | Active | 14 Aug 2021 |
To see the full GST registrations and return filing status of M Glads E Power Private Limited, buy the company report.
Recent activity
M Glads E Power Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Chetan Suresh Sonawane was appointed as Director on 14 Aug 2021.
AGM
M Glads E Power Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
M Glads E Power Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Chetan Suresh Sonawane was appointed as Director.
Appointed
Gaurav Mandora was appointed as Director.
Incorporation
14 Aug 2021
M Glads E Power Private Limited was registered on 14 Aug 2021 with Roc Ahmedabad & aged 5 years 2 months as per MCA records.
Frequently asked questions
M Glads E Power is an active private limited company based in Ahmedabad, Gujarat, India. The company works in machinery repair and installation or automotive services, within the automobile industry. It was incorporated on 14 August 2021 (5+ years old) and is registered under CIN U31900GJ2021PTC124902.
M Glads E Power has 2 current directors:
- Chetan Suresh Sonawane - Director
- Gaurav Mandora - Director
The latest financial statements of M Glads E Power 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 M Glads E Power is 24AAOCM8728N1ZO, registered in Gujarat.
The CIN (Corporate Identification Number) of M Glads E Power is U31900GJ2021PTC124902. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
M Glads E Power has 2 court cases on record: 2 filed by the company. 1 is pending.
M Glads E Power was incorporated on 14 August 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of M Glads E Power by revenue are Andrew and Rayber Private Limited, Saiko Matex Engineering Private Limited, City Automotive Services Private Limited, Devicks Travels Private Limited, Cartonal Machines India Private Limited and 5 more, all in the same principal business activity (repair & installation of machinery & equipment, motor vehicles).
Chetan Suresh Sonawane was appointed as Director on 14 Aug 2021. Gaurav Mandora was appointed as Director on 14 Aug 2021.
Yes, M Glads E Power is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, M Glads E Power is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0271426).