MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-33-0269765
Virtus Motors Private Limited - automotive in Kalyan East, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹39.69 Lakh
▼ 5% YoY
Net loss · FY 2023
₹45.35 Lakh
Net margin -114.3%
EBITDA · FY 2023
-₹44.99 Lakh
EBITDA margin -113.4%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1.18 Lakh
Issued & subscribed
Company age
10 yrs
Est. 2016
Directors on board
4
As per MCA filings
Active GSTINs
3
GST registered
About Virtus Motors Private Limited
Data last updated:
Virtus Motors Private Limited is a private limited company based in Kalyan East, Maharashtra, India. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 14 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2016PTC283663. Its GSTIN is 27AAFCV5359P1ZH (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.18 Lakh. It is led by directors including Rishi Raaj Gupta and Vivek Obi Shettigar.
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 Kalyan East, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹39.69 Lakh, a decline of 5% compared to the previous year. For the same year it recorded a net loss of ₹45.35 Lakh (net margin -114.3%) and EBITDA of -₹44.99 Lakh (EBITDA margin -113.4%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years.
The company is associated with 1 brand: Virtus Motors. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 2 cases are pending.
Virtus Motors Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0269765). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website virtusmotors.in.
Company details
CIN U74999MH2016PTC283663
Registration Number 283663
Incorporation Date 14 July 2016
ROC Mumbai
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 Micro
Udyam Registration UDYAM-MH-33-0269765
Recognitions & Rankings of Virtus Motors
Contact details
Virtus Motors Private Limited's registered office is in Kalyan East, Maharashtra. Its website is virtusmotors.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressRm – 003 Grd Flr Ravi Bldg – A1Lokgram Colonynr Kalyan Janta Sahakari Bank Nr Lok Kalyan Public, School, Kalyan East, Maharashtra, India – 421306
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
To see the full contact details of Virtus Motors Private Limited, buy the company report.
Comprehensive company report
Virtus Motors 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
Virtus Motors operates one associated brand: Virtus Motors. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electric two-wheelers are manufactured with lithium batteries and advanced features. | virtusmotors.in |
Business activity
The main business activity of Virtus Motors 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 Virtus Motors Private Limited, buy the company report.
Financials of Virtus Motors Private Limited
FY 2024 filings availableVirtus Motors Private Limited reported revenue of ₹39.69 Lakh (down 5% YoY) for FY 2023.
Revenue · FY 2023
₹39.69 Lakh ▼ 5%
Net loss · FY 2023
₹45.35 Lakh margin -114.3%
EBITDA · FY 2023
-₹44.99 Lakh margin -113.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 31%
EBITDA CAGR growth
3 years · compounded
▼ 211%
5 years · compounded
▼ 106%
Revenue fell 5% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 31%. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹39.69 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹44.99 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹45.35 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -113.4% | ||||
| Net Profit Margin | -114.3% | ||||
| 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 Virtus Motors Private Limited, buy the company report.
Board of directors of Virtus Motors Private Limited
Virtus Motors has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rishi Raaj Gupta | Director | 10 Aug 2022 | 4 Years 2 Months | Current |
| Vivek Obi Shettigar | Director | 14 Jul 2016 | 10 Years 3 Months | Current |
| Siddhartha Kumar Gupta | Director | 30 Mar 2024 | 2 Years 6 Months | Current |
| Tushaar Bajaj | Director | 14 Jul 2016 | 10 Years 3 Months | Current |
Peer comparison
Virtus Motors Private Limited is compared with the 3 companies closest to it by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles), 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 |
|---|---|---|---|---|---|---|
| Causis E-Mobility Private Limited | ₹43.01 Lakh (FY 2023) | -97.0% | Delhi, India | |||
| Volta Automotive India Private Limited | ₹41.38 Lakh (FY 2021) | 39.0% | Bangalore, Karnataka, India | |||
| Virtus Motors Private Limitedthis company | ₹39.69 Lakh (FY 2023) | -₹45.35 Lakh | -114.3% | -5.0% | Kalyan East, Maharashtra, India | |
| Devam Electric Vehicles Private Limited | ₹37.77 Lakh (FY 2024) | -7.0% | Pardi, Gujarat, India |
To see the full peer comparison of Virtus Motors Private Limited, buy the company report.
Auditor
Virtus Motors Private Limited is audited by Gollapelly & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Gollapelly & Co | FY 2023 | 015698S |
Shareholding
The shareholding of Virtus Motors 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 Virtus Motors Private Limited, buy the company report.
Legal cases
Virtus Motors Private Limited has 2 court cases on record: 1 filed by Virtus Motors, 1 filed against it. All cases are pending.
Total cases
2
Filed by the company
1
Filed against the company
1
Pending
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (COMMP) | Filed against the company by Skoda Auto Volkswagen India Private Limited and 1 other | Pending |
| High Court, MAHARASHTRA | Court case (COMIP) | Filed by the company against Skoda Auto Volkswagen India Private Limited and 4 others | Pending |
To see the full case history of Virtus Motors 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
Virtus Motors Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Venus Legal Services Private Limited |
To see the full MSME payment records of Virtus Motors Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Virtus Motors has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCV5359P1ZH | Maharashtra | Active | 15 Aug 2018 |
| 36AAFCV5359P1ZI | Telangana | Active | 21 Dec 2018 |
| 06AAFCV5359P1ZL | Haryana | Active | 10 Mar 2022 |
To see the full GST registrations and return filing status of Virtus Motors Private Limited, buy the company report.
Recent activity
Virtus Motors Private Limited has 7 board changes on record since 2016: 4 appointments and 3 cessations. The latest: Siddhartha Kumar Gupta ceased to be Additional Director on 29 Sep 2024.
AGM
Virtus Motors Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Siddhartha Kumar Gupta ceased to be Additional Director.
Filing
Virtus Motors Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Appointed
Siddhartha Kumar Gupta was appointed as Director.
Appointed
Rishi Raaj Gupta was appointed as Director.
Ceased
Pravat Kumar Nahak ceased to be Director.
Ceased
Kapil Kumar Saraswat ceased to be Additional Director.
Appointed
Tushaar Bajaj was appointed as Director.
Appointed
Vivek Obi Shettigar was appointed as Director.
Incorporation
14 Jul 2016
Virtus Motors Private Limited was registered on 14 Jul 2016 with Roc Mumbai & aged 10 years 3 months as per MCA records.
Frequently asked questions
Virtus Motors is an active private limited company based in Kalyan East, Maharashtra, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 14 July 2016 (10+ years old) and is registered under CIN U74999MH2016PTC283663.
Virtus Motors has 4 current directors:
- Rishi Raaj Gupta - Director
- Vivek Obi Shettigar - Director
- Siddhartha Kumar Gupta - Director
- Tushaar Bajaj - Director
The latest financial statements of Virtus Motors 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 Virtus Motors is 27AAFCV5359P1ZH, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 36AAFCV5359P1ZI (Telangana), 06AAFCV5359P1ZL (Haryana).
The CIN (Corporate Identification Number) of Virtus Motors is U74999MH2016PTC283663. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Virtus Motors has 2 court cases on record: 1 filed by the company and 1 filed against it. 2 are pending.
Virtus Motors was incorporated on 14 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Virtus Motors by revenue are Causis E-Mobility Private Limited, Volta Automotive India Private Limited, Devam Electric Vehicles Private Limited, all in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles).
Siddhartha Kumar Gupta ceased to be Additional Director on 29 Sep 2024. Siddhartha Kumar Gupta was appointed as Director on 30 Mar 2024. Rishi Raaj Gupta was appointed as Director on 10 Aug 2022. Virtus Motors has 7 board changes on record in total.
Yes, Virtus Motors is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-33-0269765).
Virtus Motors has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 08 Jun 2019.
Virtus Motors can be reached through the website virtusmotors.in. Its registered office is in Kalyan East, Maharashtra, India.