About Automotive Exchange Private Limited
Data last updated:
Automotive Exchange Private Limited was a private limited company based in Navi Mumbai, Maharashtra, India, operated as a subsidiary of Mxc Solutions India Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the online automotive platforms segment of the e-commerce sector. It was incorporated on 16 January 2003.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2003PTC244158. Its GSTIN is 27AACCV3039P1ZV (Maharashtra).
The company had an authorised share capital of ₹1.53 Cr and a paid-up capital of ₹1.53 Cr. It was formerly known as Veracious Solutions Private Limited. It was led by directors including Vinay Vinod Sanghi and Rajeev Kumar.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 12th Floor Vishwaroop IT Park Sector 30A Vashi, Navi Mumbai, Maharashtra, India – 400705.
As per the financials filed for FY 2019, the company reported a revenue of ₹72.34 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹3.54 Cr (net margin 4.9%) and EBITDA of ₹4.74 Cr (EBITDA margin 6.5%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 19% over five years.
The company had about 451 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 1 subsidiary.
The company was associated with 2 brands: Sellov and CarWale. As per MCA filings, the company had satisfied charges of ₹3.5 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company. The company has 12 deals on record (8 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹287.39 Cr; the latest was in October 2017.
The last known website on record is carwale.com.
Company details
CIN history
Automotive Exchange has one previous CIN (Corporate Identification Number): U72200MP2003PTC015509. The current CIN is U72200MH2003PTC244158, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200MH2003PTC244158 | Current |
| U72200MP2003PTC015509 | Previous |
Contact details
Automotive Exchange Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is carwale.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Apps
- Registered Address12th Floor Vishwaroop IT Park Sector 30A Vashi, Navi Mumbai, Maharashtra, India – 400705
- IndustryE-Commerce, Online Automotive Platforms
To see the full contact details of Automotive Exchange 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
Brands
Automotive Exchange operates two associated brands: Sellov and CarWale. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers an online platform for listing and selling used and new vehicles across categories. | sellov.com | |
| Second-hand cars are listed online to connect buyers and sellers. | carwale.com |
Business activity
The main business activities of Automotive Exchange are professional, scientific and technical and support service to organizations. In detail, this covers advertising and market research and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M6 | Advertising and market research | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Automotive Exchange Private Limited, buy the company report.
Financials of Automotive Exchange Private Limited
FY 2018 filings availableAutomotive Exchange Private Limited reported revenue of ₹72.34 Cr (up 23% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 23% growth in the latest year. EBITDA rose 144% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹4.74 Cr | ||||
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| Net Profit (PAT) | ₹3.54 Cr | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | |||||
| EBITDA Margin | 6.5% | ||||
| Net Profit Margin | 4.9% | ||||
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To see the full financial statements and ratios of Automotive Exchange Private Limited, buy the company report.
Board of directors and KMP of Automotive Exchange Private Limited
Automotive Exchange Private Limited currently reports 3 directors and 2 key managerial personnel. 22 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinay Vinod Sanghi Also directs: Cartrade Tech Limited, Shriram Automall India Limited, Sobek Auto India Private Limited and 2 more | Director | 15 Jan 2016 | 10 Years 9 Months | As last reported |
| Banwari Lal Sharma | Ceo | 01 Apr 2018 | 8 Years 7 Months | As last reported |
| Rajeev Kumar Also directs: Cartradeexchange Solutions Private Limited | Director | 05 Oct 2017 | 9 Years 0 Months | As last reported |
| Siddharth Narayan Also directs: Aegean India Advisors LLP, Permira Advisers India Private Limited | Director | 21 Dec 2017 | 8 Years 10 Months | As last reported |
| Aneesha Menon Also directs: Cartrade Tech Limited, Shriram Automall India Limited, Sobek Auto India Private Limited and 2 more | Cfo | 01 Apr 2018 | 8 Years 7 Months | As last reported |
Auditor
Automotive Exchange Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2018 | 117366W/W100018 |
Shareholding
The shareholding of Automotive Exchange Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Automotive Exchange Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jul 2009 | 10168937 | Svb India Finance Private Limited | ₹3.5 Cr | Satisfied |
To see the full charge records of Automotive Exchange Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Automotive Exchange Private Limited has 12 deals on record (8 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹287.39 Cr; the latest was in October 2017.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2017 | Funding round | ₹178.83 Cr | Investors: Cartrade Tech Limited |
| Jan 2016 | Secondary share transfer | Undisclosed | Buyer: Cartrade Tech Limited , an individual Seller: Axel Springer, an individual |
| Mar 2015 | Rights issue | ₹1.54 Cr | Investors: an individual |
| Jan 2014 | Secondary share transfer | Undisclosed | Buyer: Axel Springer Seller: Living Media India Limited |
| Mar 2012 | Funding round | ₹5.14 Cr | Investors: Axel Springer |
To see the full deal history of Automotive Exchange Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Automotive Exchange Private Limited has 3 court cases on record: 3 filed by Automotive Exchange. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Arbitration matter | Filed by the company against Micro Retail Limited | Disposed |
| Bombay High Court | Arbitration matter | Filed by the company against Micro Retail Limited | Disposed |
| Bombay High Court | Company petition | Filed by the company against M/S. Interactive Media and Communications Solutions Pvt. Ltd. | Disposed |
To see the full case history of Automotive Exchange 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 Automotive Exchange Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Automotive Exchange has 1 subsidiary company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Cartradeexchange Solutions Private Limited | U74120MH2012PTC237037 |
To see the full group structure of Automotive Exchange Private Limited, buy the company report.
Employees & EPFO
Automotive Exchange Private Limited has a workforce of 451 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Automotive Exchange has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCV3039P1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Automotive Exchange Private Limited, buy the company report.
Recent activity
Automotive Exchange Private Limited has 27 board changes on record since 2007: 5 appointments and 22 cessations. The latest: Aneesha Menon ceased to be Additional Director on 29 Sep 2018.
20 earlier events are in the company report.
News
Frequently asked questions
Automotive Exchange has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Automotive Exchange was a private limited company based in Navi Mumbai, Maharashtra, India. The company worked in online automotive platforms, within the e-commerce industry. It was incorporated on 16 January 2003 and is registered under CIN U72200MH2003PTC244158. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Automotive Exchange was incorporated on 16 January 2003. It is registered with the Registrar of Companies, Mumbai.
Automotive Exchange had 5 directors and KMP:
- Vinay Vinod Sanghi - Director
- Rajeev Kumar - Director
- Siddharth Narayan - Director
- Banwari Lal Sharma - Ceo
- Aneesha Menon - Cfo
The CIN (Corporate Identification Number) of Automotive Exchange is U72200MH2003PTC244158. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Automotive Exchange is at 12th Floor Vishwaroop IT Park Sector 30A Vashi, Navi Mumbai, Maharashtra, India – 400705.
Automotive Exchange can be reached through the website carwale.com. Its registered office is in Navi Mumbai, Maharashtra, India.
The latest financial statements of Automotive Exchange on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Automotive Exchange is 27AACCV3039P1ZV, registered in Maharashtra.
Automotive Exchange operated in the e-commerce industry, in the online automotive platforms segment.
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