MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-PB-12-0014182
Asian Bikes Private Limited - automotive in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹24.7 Cr
▲ 8% YoY
Net profit · FY 2024
₹8.24 Lakh
Net margin 0.3%
EBITDA · FY 2024
₹1.05 Cr
EBITDA margin 4.3%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹23.5 Lakh
Issued & subscribed
Open charges
₹5.4 Cr
Satisfied ₹4.3 Cr
Company age
27 yrs
Est. 1999
Employees · EPFO
17
Provident fund records
About Asian Bikes Private Limited
Data last updated:
Asian Bikes 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 01 November 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U29214PB1999PTC023048. Its GSTIN is 03AADCM2378R1Z1 (Punjab). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹23.5 Lakh. It was formerly known as Mitson Bikes Private Limited. It is led by directors including Vipan Mittal (Managing Director) and Daisy Mittal.
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 Near Eastman Impex Chowkindustrial Area Dhandari Kalan, Ludhiana, Punjab, India – 141010.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.7 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹8.24 Lakh (net margin 0.3%) and EBITDA of ₹1.05 Cr (EBITDA margin 4.3%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 7% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Asian Bikes. As per MCA filings, the company has open charges of ₹5.4 Cr and satisfied charges of ₹4.3 Cr on record. Court records list 121 cases involving the company, including 117 filed by the company and 4 filed against it; 2 cases are pending.
Asian Bikes Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0014182). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website asianbikes.co.in.
Company details
CIN U29214PB1999PTC023048
Registration Number 023048
Incorporation Date 01 November 1999
ROC Chandigarh
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 Small
Udyam Registration UDYAM-PB-12-0014182
Recognitions & Rankings of Asian Bikes
Contact details
Asian Bikes Private Limited's registered office is in Ludhiana, Punjab. Its website is asianbikes.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNear Eastman Impex Chowkindustrial Area Dhandari Kalan, Ludhiana, Punjab, India – 141010
- IndustryAutomotive, Bicycle Mfg & Retail
To see the full contact details of Asian Bikes Private Limited, buy the company report.
Comprehensive company report
Asian Bikes 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
Asian Bikes operates one associated brand: Asian Bikes. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Bicycle manufacturing, parts production, and auto parts supply in India. | asianbikes.co.in |
Business activity
The main business activity of Asian Bikes is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Asian Bikes Private Limited, buy the company report.
Financials of Asian Bikes Private Limited
FY 2025 filings availableAsian Bikes Private Limited reported revenue of ₹24.7 Cr (up 8% YoY) for FY 2024.
Revenue · FY 2024
₹24.7 Cr ▲ 8%
Net profit · FY 2024
₹8.24 Lakh margin 0.3%
EBITDA · FY 2024
₹1.05 Cr margin 4.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 16%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▼ 21%
3 years · compounded
▼ 20%
5 years · compounded
▼ 6%
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 8% growth in the latest year. EBITDA fell 21% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹1.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.24 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.3% | ||||
| Net Profit Margin | 0.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Asian Bikes Private Limited, buy the company report.
Board of directors of Asian Bikes Private Limited
Asian Bikes has 7 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Daisy Mittal Also directs: Asian Cast and Forgings Private Limited | Director | 26 Mar 2015 | 11 Years 7 Months | Current |
| Neeru Mittal Also directs: Asian Greentech Private Limited | Director | 26 Mar 2015 | 11 Years 7 Months | Current |
| Radha Mittal Also directs: Asian Cast and Forgings Private Limited | Director | 26 Mar 2015 | 11 Years 7 Months | Current |
| Vipan Mittal | Managing Director | 04 Jul 2002 | 24 Years 3 Months | Current |
| Pardeep Mittal Also directs: Asian Cast and Forgings Private Limited | Director | 04 Jul 2002 | 24 Years 3 Months | Current |
| Sandeep Mittal Also directs: Asian Cast and Forgings Private Limited | Director | 04 Jul 2002 | 24 Years 3 Months | Current |
Showing 6 of 7 current directors. View all directors
Peer comparison
Asian Bikes Private Limited is compared with the 5 companies closest to it by revenue in the Automobiles industry (Cycles), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Spur Technologies Private Limited | ₹25.56 Cr (FY 2025) | 97.0% | Gurugram, Haryana, India | |||
| Asian Bikes Private Limitedthis company | ₹24.7 Cr (FY 2024) | ₹8.24 Lakh | 0.3% | 8.0% | 17 | Ludhiana, Punjab, India |
| Ambika Wheels Private Limited | ₹23.98 Cr (FY 2025) | 1.0% | Ludhiana, Punjab, India | |||
| Bombay Metal Works Pvt Ltd | ₹23.88 Cr (FY 2025) | 9.0% | Punjab, India | |||
| Dhallson Cycles (India) Pvt Ltd | ₹23.39 Cr (FY 2024) | 35.0% | Ludhiana, Punjab, India | |||
| R.D. Steel Forging Private Limited | ₹22.62 Cr (FY 2025) | 40.0% | Ludhiana, Punjab, India |
To see the full peer comparison of Asian Bikes Private Limited, buy the company report.
Auditor
Asian Bikes Private Limited is audited by S HSP & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S HSP & Associates | FY 2023 | 0004267N |
Shareholding
The shareholding of Asian Bikes 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 Asian Bikes Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5.4 Cr
Satisfied charges
₹4.3 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Feb 2023 | 100709541 | Hdfc Bank Limited | ₹5 Cr | Open | |
| 11 Jan 2022 | 100531988 | Canara Bank | ₹1,800 | Open | |
| 03 Dec 2020 | 100397953 | Canara Bank | ₹40 Lakh | Open | |
| 03 Jul 2003 | 90310393 | Canara Bank | ₹30 Lakh | Satisfied | |
| 02 Jul 2003 | 90171293 | Canara Bank | ₹4 Cr | Satisfied |
To see the full charge records of Asian Bikes Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Asian Bikes Private Limited has 121 court cases on record: 117 filed by Asian Bikes, 4 filed against it. 2 cases are pending and 119 are disposed.
Total cases
121
Filed by the company
117
Filed against the company
4
Pending
2
Disposed
119
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 115 | 3 | 1 |
| High courts | 5 | 0 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 121)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Writ petition | Filed by the company against Punjab State Power Corporation Ltd and Anr and 1 other | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by Avon Ispat and Power Ltd | Disposed |
| District court, South East, Delhi | Civil suit | Filed against the company by M/S Govind Rubber Ltd | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against State of Punjab and Others | Pending |
| District court, Ludhiana, Punjab | Appeal | Filed by the company against M/S Bhawani Cycles Store and 1 other | Disposed |
To see the full case history of Asian Bikes 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
No delayed payments to MSME suppliers are on our record for Asian Bikes Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Asian Bikes Private Limited has a workforce of 17 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
17
Active EPFO establishments
1
Employee growth
6.25%
GST
Asian Bikes has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AADCM2378R1Z1 | Punjab | Active | 01 Jul 2017 |
| 32AADCM2378R1Z0 | Kerala | Active | 26 Apr 2022 |
To see the full GST registrations and return filing status of Asian Bikes Private Limited, buy the company report.
Recent activity
Asian Bikes Private Limited has 16 board changes on record since 2002: 8 appointments and 8 cessations. The latest: Pardeep Mittal ceased to be Whole-Time Director on 26 Mar 2019.
AGM
Asian Bikes Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Asian Bikes Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 5.00 Cr with Charge ID 100709541 was registered on 13 Feb 2023.
Charges
A charge registered on 03 Jul 2003 via Charge ID 90310393 with Canara Bank was fully satisfied on 01 Feb 2022.
Charges
A charge registered on 02 Jul 2003 via Charge ID 90171293 with Canara Bank was fully satisfied on 01 Feb 2022.
Charges
A charge with Canara Bank amounted to Rs. 0.00 Cr with Charge ID 100531988 was registered on 11 Jan 2022.
Charges
A charge with Canara Bank amounted to Rs. 0.40 Cr with Charge ID 100397953 was registered on 03 Dec 2020.
Ceased
Pardeep Mittal ceased to be Whole-Time Director.
Ceased
Prem Nath Mittal ceased to be Whole-Time Director.
Ceased
Sandeep Mittal ceased to be Whole-Time Director.
Ceased
Vipan Mittal ceased to be Whole-Time Director.
Ceased
Daisy Mittal ceased to be Additional Director.
15 earlier events are in the company report.
Frequently asked questions
Asian Bikes 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 01 November 1999 (27+ years old) and is registered under CIN U29214PB1999PTC023048.
Asian Bikes has 7 current directors:
- Vipan Mittal - Managing Director
- Daisy Mittal - Director
- Neeru Mittal - Director
- Radha Mittal - Director
- Pardeep Mittal - Director
- Sandeep Mittal - Director
- Prem Nath Mittal - Director
The latest financial statements of Asian Bikes 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 Asian Bikes is 03AADCM2378R1Z1, registered in Punjab. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 32AADCM2378R1Z0 (Kerala).
The CIN (Corporate Identification Number) of Asian Bikes is U29214PB1999PTC023048. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asian Bikes has 121 court cases on record: 117 filed by the company and 4 filed against it. 2 are pending. Most are in the district courts.
Asian Bikes was incorporated on 01 November 1999, making it 27+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Asian Bikes by revenue are Spur Technologies Private Limited, Ambika Wheels Private Limited, Bombay Metal Works Pvt Ltd, Dhallson Cycles (India) Pvt Ltd, R.D. Steel Forging Private Limited, all in the Automobiles industry (Cycles), with the same principal business activity (metal and metal products).
Pardeep Mittal ceased to be Whole-Time Director on 26 Mar 2019. Prem Nath Mittal ceased to be Whole-Time Director on 26 Mar 2019. Sandeep Mittal ceased to be Whole-Time Director on 26 Mar 2019. Asian Bikes has 16 board changes on record in total.
Yes, Asian Bikes is registered as a small enterprise under Udyam registration (number: UDYAM-PB-12-0014182).
Asian Bikes can be reached through the website asianbikes.co.in. Its registered office is in Ludhiana, Punjab, India.