About Ashish Wheels
Ashish Wheels is a Transportation, Automotive & Logistics company based in Siliguri (India). It manufactures electric two-wheelers to promote sustainable urban transportation. It operates on a B2C model. Its Indian entity Ashish Wheels Limited reported revenue of ₹10.5 Lakh. Its focus areas include Manufacturing, Automotive, Electric Vehicles and Two-Wheeler Production. Similar companies include Ola Electric, Ather Energy and Hero Electric; 3 of its 3 listed similar companies have raised funding.
Company details
Ashish Wheels, based in Siliguri, focuses on producing manufactured goods, dealing with automotive parts, developing electric vehicles, and two-wheeler production. Manufactures electric two-wheelers to promote sustainable urban transportation. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Siliguri, India
- SectorsTransportation, Automotive & Logistics
- Website ashishwheels.com
- Social Facebook
- Legal Name Ashish Wheels Limited
- Date of Incorporation 03 Aug, 2005
- Jurisdiction Siliguri, West Bengal, India
- Annual Revenue₹10.5 Lakh
FY 2025 · -47% YoY
- Net Loss-₹5.3 Lakh
FY 2025 · -51% margin
- EBITDA-₹1 Lakh
FY 2025 · -10% margin
Associated legal entities of Ashish Wheels
Ashish Wheels operates through Ashish Wheels Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ashish Wheels Limited CIN U50102WB2005PLC104538 | Active | 03 Aug 2005 | Siliguri, West Bengal | ₹0.1 Cr | 3 | View details |
Board of directors of Ashish Wheels Limited (Ashish Wheels)
Ashish Wheels Limited is the primary company behind Ashish Wheels. The board of Ashish Wheels Limited currently have 3 directors; the longest-serving is Bidya Devi Agarwal, appointed in 2005. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bidya Devi Agarwal DIN 00871214 | Director | 03 Aug 2005 | 21 yrs 2 mo | Ashish Wheels Limited |
| Ashish Agarwal DIN 00871256 | Director | 03 Aug 2005 | 21 yrs 2 mo | Ashish Wheels Limited |
| Sangita Agarwal DIN 06709102 | Director | 27 Jul 2022 | 4 yrs 2 mo | Ashish Wheels Limited |
Financials of Ashish Wheels
Figures of Ashish Wheels Limited, the primary company behind Ashish Wheels, for FY 2025. Revenue was ₹10.5 Lakh (-47% year on year). Net loss was -₹5.3 Lakh (-51% margin). EBITDA was -₹1 Lakh (-10% margin). Revenue has grown at a compounded annual rate of -27% over three years and -22% over five years.
- ₹10.5 LakhRevenue · FY 2025 · -47% YoY
- -₹5.3 LakhNet loss · -51% margin
- -₹1 LakhEBITDA · -10% margin
- ₹25 LakhPaid-up capital
- -27%Revenue CAGR, 3 years
- -22%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ashish Wheels Limited are on its company page.
Detailed financial statements for Ashish Wheels
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- Statement rows
- Financial ratios
- Five-year trends
- Downloads
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Similar companies to Ashish Wheels
Ashish Wheels has 3 listed similar companies in our database, 3 of them funded. They include Ola Electric, Ather Energy and Hero Electric.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| olaelectric.com | 2017 | Bengaluru, India | $999.91M | 3,520 | Electric scooters and motorcycles are manufactured with related accessories. | |
| atherenergy.com | 2013 | Bengaluru, India | $502.02M | 1,755 | Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | |
| heroelectric.in | 2007 | Gurugram, India | $129.6M | 122 | Manufacturer offering electric scooters and mobility solutions |
Detailed similar companies of Ashish Wheels
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Top companies in Two Wheeler Rental Services
3 companies that operate in the same segment as Ashish Wheels (Two Wheeler Rental Services) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Financial services encompassing loans, investments, and insurance are delivered in India. | 1979 | Mumbai, Maharashtra, India | USD 1.94 B | |||
Manufactures and markets retro-inspired motorcycles with modern features. | 1929 | Pune, Maharashtra, India | USD 83.25 M | 100 | ||
Offers bike listings, prices, reviews, and comparisons for consumers. | 2012 | Mumbai, Maharashtra, India |
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Frequently Asked Questions about Ashish Wheels
Ashish Wheels is headquartered in Siliguri, India. It is registered at Siliguri, West Bengal, India.
The primary company behind Ashish Wheels, Ashish Wheels Limited, reported revenue of ₹10.5 Lakh for FY 2025, down 47% year on year.
Ashish Wheels, based in Siliguri, focuses on producing manufactured goods, dealing with automotive parts, developing electric vehicles, and two-wheeler production. Manufactures electric two-wheelers to promote sustainable urban transportation. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Ashish Wheels's top competitors include Ather Energy, Ola Electric and Hero Electric.
Ashish Wheels operates through Ashish Wheels Limited.
The legal entities of Ashish Wheels currently have 3 directors, including Bidya Devi Agarwal, Sangita Agarwal, Ashish Agarwal.