DPIIT recognised startup Government of India
Startup India
Physics Motors Technology Private Limited - automotive in Hubli, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.68 Cr
▲ 33% YoY
Net loss · FY 2024
₹3.64 Cr
Net margin -215.8%
EBITDA · FY 2024
-₹2.71 Cr
EBITDA margin -160.6%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹2.59 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Employees · EPFO
48
Provident fund records
Directors on board
4
As per MCA filings
About Physics Motors Technology Private Limited
Data last updated:
Physics Motors Technology Private Limited is a private limited company based in Hubli, Karnataka, India, recognised as a startup by DPIIT. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 26 February 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U34100KA2019PTC121912. Its GSTIN is 29AAKCP3992P1ZB (Karnataka). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹2.59 Lakh. It is led by directors including Deepak Jadhav Ganapatrao (Managing Director) and Shivaprakash Bhairappa.
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 D – 192 First Gate Industrial Estate Gokul Road, Hubli, Karnataka, India – 580030.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.68 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net loss of ₹3.64 Cr (net margin -215.8%) and EBITDA of -₹2.71 Cr (EBITDA margin -160.6%).
The company has about 48 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Physics Motors. The company has 9 deals on record (4 funding rounds, 3 secondary share transfers, 2 rights issues), with disclosed funding of ₹26.38 Cr; the latest was in December 2024. Its 10 peer companies in the Automobiles industry (Electric and Bio Fuel Vehicles) are compared by revenue, 5 larger and 5 smaller; the largest is Sglline Motors Private Limited with revenue of ₹1.75 Cr.
Physics Motors Technology Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-13-0008556). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website physicsmotors.com.
Company Details of Physics Motors Technology Private Limited
CIN U34100KA2019PTC121912
Registration Number 121912
Incorporation Date 26 February 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-13-0008556
Key People
Deepak Jadhav Ganapatrao Managing Director Shivaprakash Bhairappa Director Sundeep Ganapathrao Jadhav Director Recognitions & Rankings of Physics Motors Technology
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-13-0008556
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressD – 192 First Gate Industrial Estate Gokul Road, Hubli, Karnataka, India – 580030
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
Comprehensive company report
Physics Motors Technology 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
- One PDF report, delivered after checkout
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Associated Brands with Physics Motors Technology Private Limited
Physics Motors Technology operates one associated brand: Physics Motors. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electric vehicle drive train systems are designed and manufactured. | physicsmotors.com |
Business Activity of Physics Motors Technology Private Limited
The main business activity of Physics Motors Technology is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles | Locked |
Premium access
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Physics Motors Technology Private Limited FY 2025 filings available
Physics Motors Technology Private Limited reported revenue of ₹1.68 Cr (up 33% YoY) for FY 2024.
Revenue · FY 2024
₹1.68 Cr ▲ 33%
Net loss · FY 2024
₹3.64 Cr margin -215.8%
EBITDA · FY 2024
-₹2.71 Cr margin -160.6%
Compounded Annual Growth Rate (CAGR) of Physics Motors Technology Private Limited
Revenue CAGR growth
1 year
▲ 33%
EBITDA CAGR growth
1 year
▼ 20%
3 years · compounded
▼ 285%
Revenue rose 33% in the latest year. EBITDA fell 20% 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 of Physics Motors Technology Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹2.71 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.64 Cr | •••• | •••• | •••• | •••• |
| 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 of Physics Motors Technology Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -160.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -215.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Physics Motors Technology are in the company report.
Premium access
Financial statements from FY 2019
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Physics Motors Technology Private Limited
Physics Motors Technology has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shivaprakash Bhairappa | Director | 27 Dec 2019 | 6 Years 9 Months | Current |
| Sundeep Ganapathrao Jadhav | Director | 26 Feb 2019 | 7 Years 7 Months | Current |
| Deepak Jadhav Ganapatrao | Managing Director | 26 Feb 2019 | 7 Years 7 Months | Current |
| Santosh Huralikoppi | Director | 13 May 2024 | 2 Years 5 Months | Current |
Peer Comparison of Physics Motors Technology Private Limited
Physics Motors Technology Private Limited is compared with the companies closest to it by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sglline Motors Private Limited | ₹1.75 Cr (FY 2022) | •••• | •••• | 67.0% | •••• | Patna, Bihar, India |
| Abzo Motors Private Limited | ₹1.73 Cr (FY 2025) | •••• | •••• | 269.0% | •••• | Kadi, Gujarat, India |
| VSS Vinco Private Limited | ₹1.71 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | Thiruvananthapuram, Kerala, India |
| Dao Evtech Private Limited | ₹1.71 Cr (FY 2022) | •••• | •••• | 1066.0% | •••• | Hyderabad, Telangana, India |
| Gdrive Motors Private Limited | ₹1.69 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Panchkula, Haryana, India |
| Physics Motors Technology Private Limited this company | ₹1.68 Cr (FY 2024) | •••• | •••• | 33.0% | •••• | Hubli, Karnataka, India |
| Minder EV Logistics Private Limited | ₹1.66 Cr (FY 2024) | •••• | •••• | 453.0% | •••• | Gurgaon, Haryana, India |
| Raftaar Electric Green Vehicles Private Limited | ₹1.66 Cr (FY 2024) | •••• | •••• | -68.0% | •••• | Sirhind, Punjab, India |
| Neotrend EV Systems Private Limited | ₹1.62 Cr (FY 2024) | •••• | •••• | 145.0% | •••• | Hyderabad, Telangana, India |
| Ingo Electric Private Limited | ₹1.62 Cr (FY 2025) | •••• | •••• | -25.0% | •••• | Bengaluru, Karnataka, India |
| Mag9 Energies Private Limited | ₹1.61 Cr (FY 2024) | •••• | •••• | -27.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Physics Motors Technology by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Physics Motors Technology Private Limited
Physics Motors Technology Private Limited is audited by S R K C& CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S R K C& CO | Locked | Locked | Locked |
Premium access
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Physics Motors Technology Private Limited
Premium access
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Physics Motors Technology Private Limited
Physics Motors Technology Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Physics Motors Technology Private Limited
Physics Motors Technology Private Limited has 9 deals on record (4 funding rounds, 3 secondary share transfers, 2 rights issues), with disclosed funding of ₹26.38 Cr; the latest was in December 2024.
Total deals
9
Funding rounds
4
Secondary share transfers
3
Rights issues
2
Disclosed funding
₹26.38 Cr
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2024 | Rights issue | ₹1.2 Cr | Investors: an individual |
| Sep 2024 | Rights issue | ₹5 Cr | Investors: an individual |
| Aug 2024 | Funding round | ₹8.3 Lakh | Investors: KPI Physics Motors LLC |
| Jan 2024 | Funding round | ₹6 Cr | Investors: KPI Physics Motors LLC |
| Feb 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Premium access
Full deal history
All 9 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Physics Motors Technology Private Limited
Physics Motors Technology Private Limited has a workforce of 48 employees as of Apr 08, 2024.
Employee count
48
Active EPFO establishments
1
Employee growth
54.84%
Premium access
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Physics Motors Technology Private Limited
Physics Motors Technology Private Limited has 4 board changes on record since 2019: 4 appointments. The latest: Santosh Huralikoppi was appointed as Director on 13 May 2024.
AGM
Physics Motors Technology Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Physics Motors Technology Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Santosh Huralikoppi was appointed as Director.
Appointed
Shivaprakash Bhairappa was appointed as Director.
Appointed
Deepak Jadhav Ganapatrao was appointed as Managing Director.
Appointed
Sundeep Ganapathrao Jadhav was appointed as Director.
Incorporation
26 Feb 2019
Physics Motors Technology Private Limited was registered on 26 Feb 2019 with Roc Bangalore & aged 7 years 7 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Physics Motors Technology Private Limited
Premium access
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Physics Motors Technology Private Limited
Premium access
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Physics Motors Technology Private Limited
Premium access
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Physics Motors Technology Private Limited
Physics Motors Technology has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCP3992P1ZB | Karnataka | Active | 19 Jun 2019 |
| 07AAKCP3992P1ZH | Delhi | Active | 23 Apr 2024 |
| 09AAKCP3992P1ZD | Uttar Pradesh | Active | 10 Jun 2025 |
Premium access
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Physics Motors Technology Private Limited
Premium access
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Physics Motors Technology Private Limited
Frequently Asked Questions about Physics Motors Technology Private Limited
Physics Motors Technology is an active private limited company based in Hubli, Karnataka, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 26 February 2019 (7+ years old) and is registered under CIN U34100KA2019PTC121912.
Physics Motors Technology reported revenue of ₹1.68 Cr for FY 2024 (up 33% YoY).
Physics Motors Technology has 4 current directors:
- Deepak Jadhav Ganapatrao - Managing Director
- Shivaprakash Bhairappa - Director
- Sundeep Ganapathrao Jadhav - Director
- Santosh Huralikoppi - Director
Physics Motors Technology reported a net loss of ₹3.64 Cr (net margin -215.8%) and EBITDA of -₹2.71 Cr (EBITDA margin -160.6%) for FY 2024, as per its filed financial statements.
The GSTIN of Physics Motors Technology is 29AAKCP3992P1ZB, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 07AAKCP3992P1ZH (Delhi), 09AAKCP3992P1ZD (Uttar Pradesh).
The CIN (Corporate Identification Number) of Physics Motors Technology is U34100KA2019PTC121912. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Physics Motors Technology was incorporated on 26 February 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Physics Motors Technology has 9 deals on record (4 funding rounds, 3 secondary share transfers, 2 rights issues), with disclosed funding of ₹26.38 Cr; the latest was in December 2024.
The peers of Physics Motors Technology by revenue are Sglline Motors Private Limited, Abzo Motors Private Limited, VSS Vinco Private Limited, Dao Evtech Private Limited, Gdrive Motors Private Limited and 5 more, all in the Automobiles industry (Electric and Bio Fuel Vehicles).
Santosh Huralikoppi was appointed as Director on 13 May 2024. Shivaprakash Bhairappa was appointed as Director on 27 Dec 2019. Deepak Jadhav Ganapatrao was appointed as Managing Director on 26 Feb 2019. Physics Motors Technology has 4 board changes on record in total.
Yes, Physics Motors Technology is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).