MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-WB-09-0000756
Ashish Wheels Limited - automotive in Siliguri, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹10.47 Lakh
▼ 47% YoY
Net loss · FY 2025
₹5.34 Lakh
Net margin -51%
EBITDA · FY 2025
-₹1.04 Lakh
EBITDA margin -9.9%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹25 Lakh
Issued & subscribed
Open charges
₹25.9 Lakh
Secured borrowings
Company age
21 yrs
Est. 2005
Directors on board
3
As per MCA filings
About Ashish Wheels Limited
Data last updated:
Ashish Wheels Limited is a public limited company based in Siliguri, West Bengal, India. It operates in the motorcycles and scooters segment of the automotive sector. It was incorporated on 03 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U50102WB2005PLC104538. Its GSTIN is 19AAFCA3059F1ZR (West Bengal).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors including Bidya Devi Agarwal and Sangita Agarwal.
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 Pratap Marketsevoke Road, Siliguri, West Bengal, India – 734401.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.47 Lakh, a decline of 47% compared to the previous year. For the same year it recorded a net loss of ₹5.34 Lakh (net margin -51%) and EBITDA of -₹1.04 Lakh (EBITDA margin -9.9%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 22% over five years.
The company is associated with 1 brand: Ashish Wheels. As per MCA filings, the company has open charges of ₹25.9 Lakh on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
Ashish Wheels Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-09-0000756). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashishwheels.com.
Company details
CIN U50102WB2005PLC104538
Registration Number 104538
Incorporation Date 03 August 2005
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-WB-09-0000756
Recognitions & Rankings of Ashish Wheels
Contact details
Ashish Wheels Limited's registered office is in Siliguri, West Bengal. Its website is ashishwheels.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPratap Marketsevoke Road, Siliguri, West Bengal, India – 734401
- IndustryAutomotive, Motorcycles & Scooters
To see the full contact details of Ashish Wheels Limited, buy the company report.
Comprehensive company report
Ashish Wheels 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
Ashish Wheels operates one associated brand: Ashish Wheels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures electric two-wheelers to promote sustainable urban transportation. | ashishwheels.com |
Business activity
The main business activity of Ashish Wheels 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 Ashish Wheels Limited, buy the company report.
Financials of Ashish Wheels Limited
FY 2025 filings availableAshish Wheels Limited reported revenue of ₹10.47 Lakh (down 47% YoY) for FY 2025.
Revenue · FY 2025
₹10.47 Lakh ▼ 47%
Net loss · FY 2025
₹5.34 Lakh margin -51%
EBITDA · FY 2025
-₹1.04 Lakh margin -9.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 47%
3 years · compounded
▼ 27%
5 years · compounded
▼ 22%
EBITDA CAGR growth
1 year
▼ 173%
3 years · compounded
▼ 32%
5 years · compounded
▼ 18%
Revenue has declined at a compounded annual rate (CAGR) of 22% over five years, including a 47% fall in the latest year. EBITDA fell 173% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹1.04 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.34 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -9.9% | ||||
| Net Profit Margin | -51% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
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To see the full financial statements and ratios of Ashish Wheels Limited, buy the company report.
Board of directors of Ashish Wheels Limited
Ashish Wheels has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bidya Devi Agarwal | Director | 03 Aug 2005 | 21 Years 2 Months | Current |
| Sangita Agarwal | Director | 27 Jul 2022 | 4 Years 2 Months | Current |
| Ashish Agarwal | Director | 03 Aug 2005 | 21 Years 2 Months | Current |
Peer comparison
Ashish Wheels Limited is compared with the 4 companies closest to it by revenue in the Automobiles industry (Two and Three Wheelers), 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 |
|---|---|---|---|---|---|---|
| Kurukshetra Automobiles Private Limited | ₹18.79 Lakh (FY 2021) | -33.0% | Himachal Pradesh, India | |||
| Acriolis India Motors Private Limited | ₹17.71 Lakh (FY 2024) | 12087.0% | Aligarh, Uttar Pradesh, India | |||
| Ashish Wheels Limitedthis company | ₹10.47 Lakh (FY 2025) | -₹5.34 Lakh | -51% | -47.0% | Siliguri, West Bengal, India | |
| Mahabharat Motors Manufacturing Company Private Limited | ₹3.72 Lakh (FY 2025) | 14.0% | West Bengal, India | |||
| Kumar Motors Private Limited | ₹92,062 (FY 2019) | -98.0% | Pune, Maharashtra, India |
To see the full peer comparison of Ashish Wheels Limited, buy the company report.
Auditor
Ashish Wheels Limited is audited by C K BAGARIA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C K BAGARIA & CO | FY 2017 | 326716E |
Shareholding
The shareholding of Ashish Wheels Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ashish Wheels Limited, buy the company report.
Charges & borrowings
Open charges
₹25.9 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Oct 2020 | 100381460 | Karnataka Bank Ltd. | ₹4.9 Lakh | Open | |
| 22 Jul 2009 | 10169657 | Karnataka Bank Ltd. | ₹21 Lakh | Open |
To see the full charge records of Ashish Wheels Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Ashish Wheels Limited has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Criminal case | Filed against the company by M/S Surya Roshni Ltd. | Pending |
To see the full case history of Ashish Wheels 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 Ashish Wheels Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ashish Wheels has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAFCA3059F1ZR | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ashish Wheels Limited, buy the company report.
Recent activity
Ashish Wheels Limited has 10 board changes on record since 2005: 3 appointments and 7 cessations. The latest: Sangita Agarwal ceased to be Additional Director on 30 Sep 2022.
AGM
Ashish Wheels Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ashish Wheels Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata Ii.
Ceased
Sangita Agarwal ceased to be Additional Director.
Appointed
Sangita Agarwal was appointed as Director.
Ceased
Purushottam Agarwal ceased to be Director.
Charges
A charge with Karnataka Bank Ltd. of Rs. 21.00 Lakh registered on 22 Jul 2009 with Charge ID 10169657 was modified on 30 Jun 2022.
Ceased
Bikash Agarwal ceased to be Director.
Ceased
Manish Agarwal ceased to be Director.
Ceased
Shital Agarwal ceased to be Director.
Ceased
Sweta Agarwal ceased to be Director.
Charges
A charge with Karnataka Bank Ltd. amounted to Rs. 4.90 Lakh with Charge ID 100381460 was registered on 16 Oct 2020.
Ceased
Rajesh Agarwal ceased to be Director.
4 earlier events are in the company report.
Frequently asked questions
Ashish Wheels is an active public limited company based in Siliguri, West Bengal, India. The company works in motorcycles and scooters, within the automotive industry. It was incorporated on 03 August 2005 (21+ years old) and is registered under CIN U50102WB2005PLC104538.
Ashish Wheels has 3 current directors:
- Bidya Devi Agarwal - Director
- Sangita Agarwal - Director
- Ashish Agarwal - Director
The latest financial statements of Ashish Wheels 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 2015 are in the company report.
The GSTIN of Ashish Wheels is 19AAFCA3059F1ZR, registered in West Bengal.
The CIN (Corporate Identification Number) of Ashish Wheels is U50102WB2005PLC104538. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashish Wheels has 1 court case on record: 1 filed against it. 1 is pending.
Ashish Wheels was incorporated on 03 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Ashish Wheels by revenue are Kurukshetra Automobiles Private Limited, Acriolis India Motors Private Limited, Mahabharat Motors Manufacturing Company Private Limited, Kumar Motors Private Limited, all in the Automobiles industry (Two and Three Wheelers), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles).
Sangita Agarwal ceased to be Additional Director on 30 Sep 2022. Sangita Agarwal was appointed as Director on 27 Jul 2022. Purushottam Agarwal ceased to be Director on 15 Jul 2022. Ashish Wheels has 10 board changes on record in total.
Yes, Ashish Wheels is registered as a micro enterprise under Udyam registration (number: UDYAM-WB-09-0000756).
Ashish Wheels can be reached through the website ashishwheels.com. Its registered office is in Siliguri, West Bengal, India.