Adhunik Cycles Private Limited

Adhunik Cycles Private Limited - automotive in Ludhiana, Punjab, India. FY 2026 financials & compliance.
CIN U35920PB2014PTC038673 Incorporated 13 June 2014 ROC Chandigarh HQ Ludhiana, Punjab, India
Active Private Limited Company automotive MSME · Micro
Data last updated
Revenue · FY 2023
₹36.93 Lakh
▼ 78% YoY
Net loss · FY 2023
₹31.8 Lakh
Net margin -86.1%
EBITDA · FY 2023
-₹8.07 Lakh
EBITDA margin -21.9%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹20 Lakh
Issued & subscribed
Open charges
₹1.29 Cr
Secured borrowings
Company age
12 yrs
Est. 2014
Directors on board
2
As per MCA filings

About Adhunik Cycles Private Limited

Data last updated:

Adhunik Cycles 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 13 June 2014 and has been in existence for over 12 years.

The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U35920PB2014PTC038673. Its GSTIN is 03AAMCA6973H1ZG (Punjab).

The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors Mukesh Kumar and Amit Kumar.

Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Ludhiana, Punjab.

As per the financials filed for FY 2023, the company reported a revenue of ₹36.93 Lakh, a decline of 78% compared to the previous year. For the same year it recorded a net loss of ₹31.8 Lakh (net margin -86.1%) and EBITDA of -₹8.07 Lakh (EBITDA margin -21.9%). Revenue has declined at a compounded annual rate (CAGR) of 60% over three years and 47% over five years.

As per MCA filings, the company has open charges of ₹1.29 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.

Adhunik Cycles Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0012157). The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U35920PB2014PTC038673
Registration Number 038673
Incorporation Date 13 June 2014
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-PB-12-0012157
Key People
Amit Kumar Additional Director Mukesh Kumar Director

Recognitions & Rankings of Adhunik Cycles

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-PB-12-0012157

Contact details

Adhunik Cycles Private Limited's registered office is in Ludhiana, Punjab. Its e-mail address is in the company report.

  • Email
  • Registered Address
    F – 29 Phase – VII Focal Point, Near S K Bike, Ludhiana, Punjab, India – 141010
  • Industry
    Automotive, Bicycle Mfg & Retail

To see the full contact details of Adhunik Cycles Private Limited, buy the company report.

Comprehensive company report
Adhunik Cycles 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 Adhunik Cycles is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities

To see the full business activity and turnover split of Adhunik Cycles Private Limited, buy the company report.

Financials of Adhunik Cycles Private Limited

FY 2023 filings available

Adhunik Cycles Private Limited reported revenue of ₹36.93 Lakh (down 78% YoY) for FY 2023.

Revenue · FY 2023
₹36.93 Lakh ▼ 78%
Net loss · FY 2023
₹31.8 Lakh margin -86.1%
EBITDA · FY 2023
-₹8.07 Lakh margin -21.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 78%
3 years · compounded
▼ 60%
5 years · compounded
▼ 47%
EBITDA CAGR growth
1 year
▼ 136%
3 years · compounded
▼ 31%
5 years · compounded
▼ 18%

Revenue has declined at a compounded annual rate (CAGR) of 47% over five years, including a 78% fall in the latest year. EBITDA fell 136% 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
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-₹8.07 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹31.8 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin-21.9%
Net Profit Margin-86.1%
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 Adhunik Cycles Private Limited, buy the company report.

Board of directors of Adhunik Cycles Private Limited

Adhunik Cycles has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Amit KumarAdditional Director12 Jul 20242 Years 3 MonthsCurrent
Mukesh KumarDirector13 Jun 201412 Years 4 MonthsCurrent
View all directors

Auditor

Adhunik Cycles Private Limited is audited by NARESH K GOYAL & CO for the financial year 2021.

Auditor firmFinancial yearFirm registration number
NARESH K GOYAL & COFY 2021002657N

Shareholding

The shareholding of Adhunik Cycles Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2021FY 2020FY 2018FY 2017FY 2016
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Adhunik Cycles Private Limited, buy the company report.

Charges & borrowings

Open charges
₹1.29 Cr
Satisfied charges
None
Breakdown by lending institutions
Karnataka Bank Ltd.₹1.29 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
17 Mar 201510560938Karnataka Bank Ltd.₹80 LakhOpen
14 Feb 201510554139Karnataka Bank Ltd.₹49 LakhOpen

Total charge records: 2 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Adhunik Cycles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Adhunik Cycles has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
03AAMCA6973H1ZGPunjabActive01 Jul 2017

To see the full GST registrations and return filing status of Adhunik Cycles Private Limited, buy the company report.

Recent activity

Adhunik Cycles Private Limited has 5 board changes on record since 2014: 2 appointments and 3 cessations. The latest: Rajesh Kumar Tantia ceased to be Director on 27 Jul 2024.

Ceased
Rajesh Kumar Tantia ceased to be Director.
Appointed
Amit Kumar was appointed as Additional Director.
AGM
Adhunik Cycles Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Adhunik Cycles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chandigarh.
Ceased
Saurabh Goyal ceased to be Director.
Ceased
Sanjib Tantia ceased to be Director.
Charges
A charge with Karnataka Bank Ltd. amounted to Rs. 80.00 Lakh with Charge ID 10560938 was registered on 17 Mar 2015.
Charges
A charge with Karnataka Bank Ltd. amounted to Rs. 49.00 Lakh with Charge ID 10554139 was registered on 14 Feb 2015.
Appointed
Mukesh Kumar was appointed as Director.
Incorporation
13 Jun 2014
Adhunik Cycles Private Limited was registered on 13 Jun 2014 with Roc Chandigarh & aged 12 years 4 months as per MCA records.

Frequently asked questions

Adhunik Cycles 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 13 June 2014 (12+ years old) and is registered under CIN U35920PB2014PTC038673.

Adhunik Cycles has 2 current directors:

The latest financial statements of Adhunik Cycles on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.

The GSTIN of Adhunik Cycles is 03AAMCA6973H1ZG, registered in Punjab.

The CIN (Corporate Identification Number) of Adhunik Cycles is U35920PB2014PTC038673. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Adhunik Cycles has 2 court cases on record: 2 filed by the company.

Adhunik Cycles was incorporated on 13 June 2014, making it 12+ years old. It is registered with the Registrar of Companies, Chandigarh.

Rajesh Kumar Tantia ceased to be Director on 27 Jul 2024. Amit Kumar was appointed as Additional Director on 12 Jul 2024. Saurabh Goyal ceased to be Director on 27 Feb 2023. Adhunik Cycles has 5 board changes on record in total.

Yes, Adhunik Cycles is registered as a micro enterprise under Udyam registration (number: UDYAM-PB-12-0012157).

The registered office of Adhunik Cycles is at F – 29 Phase – VII Focal Point, Near S K Bike, Ludhiana, Punjab, India – 141010.