About Cargo Motors
Cargo Motors is a Financial Services company based in Delhi (India) founded in 1959. It sells and services commercial vehicles, buses, and trucks across India. It operates on a B2B and D2C model in Financial Services and Transportation, Automotive & Logistics sectors. The company has 1,047 employees. Its Indian entity Cargo Motors Private Limited reported revenue of ₹1,523 Cr. Cargo Motors offers products and services including Buses, Trucks, Finance Services, and Maintenance Services. Its focus areas include FinTech, Finance Services, Vehicle Financing and Insurance and AMC. Similar companies include Mahindra, Eicher Motors and Motovolt; 1 of its 3 listed similar companies has raised funding.
Company details
Cargo Motors Operates As A Dealership For Tata Motors Commercial Vehicles, Including Buses And Trucks. They Provide Sales, Financing, Insurance, Maintenance, And Fleet Management Services. Based In India With Outlets In Delhi, Gujarat, Punjab, And Rajasthan, They Serve Businesses In Transportation Sectors, Emphasizing Safety, Efficiency, And Customer Support Through Innovative Solutions.
- Headquarters Delhi, India
- Employees 1,047
- SectorsFinancial ServicesTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website cargomotors.com
- Social X Facebook Instagram
- Legal Name Cargo Motors Pvt Ltd
- Date of Incorporation 03 Sep, 1959
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹1,523 Cr
FY 2024 · +4% YoY
- Net Profit₹8.30 Cr
FY 2024 · 1% margin
- EBITDA₹56.12 Cr
FY 2024 · 4% margin
- Employee Count1,047
Associated legal entities of Cargo Motors
Cargo Motors is associated with 7 registered companies on The Company Check; the primary company is Cargo Motors Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Cargo Motors Private Limited CIN U50101DL1959PTC003124 | Active | 03 Sep 1959 | New Delhi, Delhi | ₹1,523 Cr | 1,047 | 7 | View details |
| Cargo Motors (Delhi) Private Limited CIN U34102DL2013PTC261544 | Active | 03 Dec 2013 | New Delhi, Delhi | ₹463 Cr | 351 | 4 | View details |
| Cargo Motors (Kutch) Private Limited CIN U34102DL2005PTC134888 | Active | 08 Apr 2005 | New Delhi, Delhi | ₹459 Cr | 217 | 5 | View details |
| Cargo Motors Ahmedabad Private Limited CIN U50200DL2020PTC367383 | Active | 03 Aug 2020 | Delhi, Delhi | ₹348 Cr | 70 | 4 | View details |
| Cargo Motors (Rajasthan) Private Limited CIN U50101DL2004PTC126082 | Active | 27 Apr 2004 | New Delhi, Delhi | ₹458 Cr | 131 | 4 | View details |
| Cargo Motors (Gujrat) Private Limited CIN U50100DL1985PTC022168 | Active | 04 Oct 1985 | New Delhi, Delhi | ₹43.2 Cr | 129 | 4 | View details |
| Cargo Motors Punjab Private Limited CIN U74899DL1983PTC015801 | Active | 25 May 1983 | New Delhi, Delhi, India | View details |
Products & Services of Cargo Motors
Cargo Motors offers a comprehensive portfolio of products and services, including Buses, Trucks, Finance Services, and Maintenance Services.
Range of buses for intercity and school transport needs
Trucks for logistics and heavy-duty operations
Options for vehicle financing and insurance
AMC and onsite services for vehicle upkeep
Board of directors of Cargo Motors Private Limited (Cargo Motors)
Cargo Motors Private Limited is the primary company behind Cargo Motors. The boards of the 6 registered companies of Cargo Motors currently have 12 directors; the longest-serving is Pravesh Nanda, appointed in 1985. 24 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pravesh Nanda DIN 00063679 | Managing Director | 04 Oct 1985 | 41 yrs | Cargo Motors (Gujrat) Private Limited, Cargo Motors Ahmedabad Private Limited |
| Mukkul Nanda DIN 00061807 | Managing Director | 18 Aug 1988 | 38 yrs 2 mo | Cargo Motors (Gujrat) Private Limited, Cargo Motors Ahmedabad Private Limited |
| Anita Nanda DIN 00035231 | Director | 27 Apr 2004 | 22 yrs 6 mo | Cargo Motors (Rajasthan) Private Limited, Cargo Motors Private Limited, Cargo Motors (Delhi) Private Limited, Cargo Motors (Kutch) Private Limited |
| Jayant Nanda DIN 00056740 | Director | 27 Apr 2004 | 22 yrs 6 mo | Cargo Motors (Rajasthan) Private Limited, Cargo Motors Private Limited, Cargo Motors (Delhi) Private Limited, Cargo Motors (Kutch) Private Limited |
| Devki Anita Nanda DIN 00081333 | Director | 16 Aug 2005 | 21 yrs 2 mo | Cargo Motors (Rajasthan) Private Limited, Cargo Motors Private Limited, Cargo Motors (Delhi) Private Limited, Cargo Motors (Kutch) Private Limited |
| Abhishek Vimal Gujral DIN 01267577 | Director | 12 Feb 2007 | 19 yrs 8 mo | Cargo Motors (Kutch) Private Limited |
| Pranav Nanda DIN 00167700 | Director | 20 Nov 2007 | 18 yrs 11 mo | Cargo Motors (Gujrat) Private Limited, Cargo Motors Ahmedabad Private Limited |
| Vimal Chunilal Gujral DIN 00040201 | Director | 16 Nov 2009 | 16 yrs 11 mo | Cargo Motors (Rajasthan) Private Limited, Cargo Motors Private Limited, Cargo Motors (Kutch) Private Limited |
| Sandeep Kumar Agarwal DIN 00040116 | Whole-time director | 29 Mar 2017 | 9 yrs 7 mo | Cargo Motors Private Limited |
| Ravinder Suri DIN 07617240 | Director | 15 Feb 2018 | 8 yrs 8 mo | Cargo Motors (Delhi) Private Limited |
| Chetna Dhruv Batra DIN 00713218 | Director | 12 Jul 2024 | 2 yrs 3 mo | Cargo Motors Private Limited |
| Pratham Pramukh Nanda DIN 10008126 | Director | 15 Jun 2025 | 1 yr 4 mo | Cargo Motors (Gujrat) Private Limited, Cargo Motors Ahmedabad Private Limited |
Financials of Cargo Motors
Figures of Cargo Motors Private Limited, the primary company behind Cargo Motors, for FY 2024. Revenue was ₹1,523 Cr (+4% year on year). Net profit was ₹8.30 Cr (1% margin). EBITDA was ₹56.12 Cr (4% margin). Revenue has grown at a compounded annual rate of +26% over three years and -4% over five years.
- ₹1,523 CrRevenue · FY 2024 · +4% YoY
- ₹8.30 CrNet profit · 1% margin
- ₹56.12 CrEBITDA · 4% margin
- ₹116 CrPaid-up capital
- 1,047Employees (provident fund records)
- +26%Revenue CAGR, 3 years
- -4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Cargo Motors Private Limited are on its company page.
Detailed financial statements for Cargo Motors
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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Verified entity values are shown only after access is granted.
Similar companies to Cargo Motors
Cargo Motors has 3 listed similar companies in our database, 1 of them funded. They include Mahindra, Eicher Motors and Motovolt.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mahindra.com | 1945 | Mumbai, India | 3,779 | Diversified operations span automotive, agriculture, and financial services. | ||
| eicher.in | 1948 | Gurugram, India | 5,101 | Commercial vehicles and two-wheelers are manufactured by Eicher Motors. | ||
| motovolt.co | 2019 | Kolkata, India | $1.92M | 315 | Electric bicycles with advanced features are developed by Motovolt. |
Detailed similar companies of Cargo Motors
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Web traffic of Cargo Motors
The website of Cargo Motors (cargomotors.com) receives about 1.2K visits a month.
- Monthly visits1.2K
▼ 8.5% vs previous month
Top companies in Insurance Technology & Support Services
2 companies that operate in the same segment as Cargo Motors (Insurance Technology & Support Services) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M |
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Frequently Asked Questions about Cargo Motors
Cargo Motors was founded in 1959.
Cargo Motors is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Cargo Motors has 1,047 employees.
The primary company behind Cargo Motors, Cargo Motors Private Limited, reported revenue of ₹1,523 Cr for FY 2024, up 4% year on year.
Cargo Motors Operates As A Dealership For Tata Motors Commercial Vehicles, Including Buses And Trucks. They Provide Sales, Financing, Insurance, Maintenance, And Fleet Management Services. Based In India With Outlets In Delhi, Gujarat, Punjab, And Rajasthan, They Serve Businesses In Transportation Sectors, Emphasizing Safety, Efficiency, And Customer Support Through Innovative Solutions.
Cargo Motors's top competitors include Mahindra, Eicher Motors and Motovolt.
Cargo Motors offers Buses, Trucks, Finance Services, and Maintenance Services.
Cargo Motors is associated with 6 legal entities: Cargo Motors Private Limited, Cargo Motors (Rajasthan) Private Limited, Cargo Motors (Gujrat) Private Limited and others.
The legal entities of Cargo Motors currently have 14 directors, including Vimal Chunilal Gujral, Anita Nanda, Jayant Nanda and others.