Ashvek Motors Private Limited
About Ashvek Motors Private Limited
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Ashvek Motors Private Limited is a private limited company based in Goa, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 16 May 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U50102GA2005PTC004032. Its GSTIN is 30AAFCA8481K1ZK (Goa).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors Pradeep Vassudev Naik and Siddharth Sudil Manerkar.
Its last annual general meeting (AGM) was held on 08 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gr. Floor Rosedel Enclave Old Market Circle Margao, Goa, India – 403601.
As per the financials filed for FY 2022, the company reported a revenue of ₹5.96 Lakh, a growth of 59% compared to the previous year. For the same year it recorded a net profit of ₹3.25 Lakh (net margin 54.4%) and EBITDA of -₹57,765 (EBITDA margin -9.7%). Revenue has declined at a compounded annual rate (CAGR) of 72% over three years and 60% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ashvek Motors Private Limited's registered office is in Goa. Its e-mail address is in the company report.
- Email
- Registered AddressGr. Floor Rosedel Enclave Old Market Circle Margao, Goa, India – 403601
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Ashvek Motors Private Limited, buy the company report.
- 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
Financials of Ashvek Motors Private Limited
FY 2025 filings availableAshvek Motors Private Limited reported revenue of ₹5.96 Lakh (up 59% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 59% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 60%. 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹5.96 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹57,765 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.25 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -9.7% | ||||
| Net Profit Margin | 54.4% | ||||
| 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 | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Ashvek Motors Private Limited, buy the company report.
Board of directors of Ashvek Motors Private Limited
Ashvek Motors has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradeep Vassudev Naik | Director | 16 May 2005 | 21 Years 5 Months | Current |
| Siddharth Sudil Manerkar Also directs: Agencia Ultramarina Private Limited | Director | 16 May 2005 | 21 Years 5 Months | Current |
Auditor
Ashvek Motors Private Limited is audited by LORENCE MALEKAR & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LORENCE MALEKAR & CO | FY 2022 | 114951W |
Shareholding
The shareholding of Ashvek Motors Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ashvek Motors Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ashvek Motors Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ashvek Motors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ashvek Motors has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAFCA8481K1ZK | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ashvek Motors Private Limited, buy the company report.
Recent activity
Ashvek Motors Private Limited has 2 board changes on record since 2005: 2 appointments. The latest: Pradeep Vassudev Naik was appointed as Director on 16 May 2005.
Frequently asked questions
Ashvek Motors is an active private limited company based in Goa, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 16 May 2005 (21+ years old) and is registered under CIN U50102GA2005PTC004032.
Ashvek Motors has 2 current directors:
- Pradeep Vassudev Naik - Director
- Siddharth Sudil Manerkar - Director
The latest financial statements of Ashvek Motors on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 08 December 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ashvek Motors is 30AAFCA8481K1ZK, registered in Goa.
The CIN (Corporate Identification Number) of Ashvek Motors is U50102GA2005PTC004032. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashvek Motors was incorporated on 16 May 2005, making it 21+ years old. It is registered with the Registrar of Companies, Goa.
Pradeep Vassudev Naik was appointed as Director on 16 May 2005. Siddharth Sudil Manerkar was appointed as Director on 16 May 2005.
The registered office of Ashvek Motors is at Gr. Floor Rosedel Enclave Old Market Circle Margao, Goa, India – 403601.
Ashvek Motors operates in the automotive industry, in the auto dealership and trading segment.
The compliance status of Ashvek Motors is compliant as of 08 September 2026. The company is actively filing with the Registrar of Companies.
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