About Comet Auto India
Comet Auto India is a Transportation, Automotive & Logistics company based in Ludhiana (India) founded in 2002. It manufactures high-quality automotive components, including suspension bushes and spark plug spanners. It operates on a B2B model. The company has 39 employees. Its Indian entity Comet Auto India Private Limited reported revenue of ₹18.09 Cr. Its focus areas include Manufacturing, Automotive, Components and Parts Production. Its competitors include Cummins, Valeo, UNO Minda, Schaeffler and Faurecia and 4 more; 3 of its 9 listed competitors have raised funding.
Company details
Comet Auto India operates with a B2B model, focusing on producing manufactured goods, dealing with automotive parts, components, and parts production. Manufactures high-quality automotive components, including suspension bushes and spark plug spanners. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Ludhiana, India
- Employees 39
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website cometautoindia.com
- Legal Name Comet Auto India Private Limited
- Date of Incorporation 16 Oct, 2015
- Jurisdiction Dhandari Kalan, Punjab, India
- Annual Revenue₹18.09 Cr
FY 2024 · +22% YoY
- Net Profit₹29.5 Lakh
FY 2024 · 2% margin
- EBITDA₹62.7 Lakh
FY 2024 · 3% margin
- Employee Count39
Associated legal entities of Comet Auto India
Comet Auto India operates through Comet Auto India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Comet Auto India Private Limited CIN U35999PB2015PTC039828 | Active | 16 Oct 2015 | Dhandari Kalan, Punjab | ₹18.1 Cr | 39 | 2 | View details |
Board of directors of Comet Auto India Private Limited (Comet Auto India)
Comet Auto India Private Limited is the primary company behind Comet Auto India. The board of Comet Auto India Private Limited currently have 2 directors; the longest-serving is Nitish Kumar, appointed in 2015.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nitish Kumar DIN 07310210 | Director | 16 Oct 2015 | 11 yrs | Comet Auto India Private Limited |
| Harihar Parsad DIN 07310216 | Director | 16 Oct 2015 | 11 yrs | Comet Auto India Private Limited |
Financials of Comet Auto India
Figures of Comet Auto India Private Limited, the primary company behind Comet Auto India, for FY 2024. Revenue was ₹18.09 Cr (+22% year on year). Net profit was ₹29.5 Lakh (2% margin). EBITDA was ₹62.7 Lakh (3% margin). Revenue has grown at a compounded annual rate of +38% over three years and +18% over five years.
- ₹18.09 CrRevenue · FY 2024 · +22% YoY
- ₹29.5 LakhNet profit · 2% margin
- ₹62.7 LakhEBITDA · 3% margin
- ₹5 LakhPaid-up capital
- 39Employees (provident fund records)
- +38%Revenue CAGR, 3 years
- +18%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Comet Auto India Private Limited are on its company page.
Detailed financial statements for Comet Auto India
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Competitors of Comet Auto India
Comet Auto India has 9 listed competitors in our database, 3 of them funded. They include Cummins, Valeo, UNO Minda, Schaeffler and Faurecia, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cummins.com | 1919 | United States | – | 36,826 | Manufacturer of gas-powered construction equipment | |
| valeo.com | 1923 | Paris, France | – | 124 | Automotive products and services are supplied globally to automakers. | |
| unominda.com | 1958 | Gurugram, India | $259.53M | 2,509 | Manufacturer and supplier of major auto components to OEMs and tier 1 companies | |
| schaeffler.com | 1946 | Herzogenaurach, Germany | – | 90,151 | Manufacturer of bearings for the automotive industry | |
| faurecia.com | 1997 | Nanterre, France | – | – | Automotive components and systems are manufactured for vehicles. | |
| hutchinson.com | 1853 | Paris, France | – | 54 | Manufacturer and supplier of major auto components | |
| novaresteam.com | 1955 | Clamart, France | $32.95M | 167 | Major auto components are manufactured and supplied globally. | |
| zf.com | 1915 | Friedrichshafen, Germany | – | 168,700 | Mobility systems are developed for cars, vehicles, and industrial uses. | |
| endurancegroup.com | 1985 | Aurangabad, India | $104M | 4,070 | Auto components including suspension and braking systems are manufactured. |
Detailed competitors of Comet Auto India
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Verified entity values are shown only after access is granted.
Top companies in Automotive Manufacturing & Components
10 companies that operate in the same segment as Comet Auto India (Automotive Manufacturing & Components), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of infotainment and audio solutions for multiple sectors | 1980 | Stamford, Connecticut, United States | – | – | – | |
Manufacturer of gas-powered construction equipment | 1919 | United States | – | USD 1.21 B | 5,230 | |
Electrical and electronic parts for automobiles are provided by SEDEMAC. | 2007 | Pune, Maharashtra, India | USD 26.22 M | USD 32.69 M | 415 | |
Manufacturer of forklifts, warehouse equipment and other industrial trucks | 2006 | Germany | USD 587.14 M | USD 13.28 B | 42,720 | |
Automobiles and related products are manufactured by Volvo Cars. | 1927 | Goteborg, Vastra Gotaland, Sweden | USD 1.07 B | USD 38.79 B | 42,600 | |
Motor vehicles and parts are manufactured, imported, distributed, and sold. | 1994 | Irvine, California, United States | – | USD 79.03 B | 35,750 | |
Automotive manufacturing company | 1916 | Munchen, Bayern, Germany | – | USD 156.8 B | – | |
Rechargeable batteries are distributed globally by BYD. | 1994 | Los Angeles, California, United States | – | – | 269 | |
Automotive vehicles including cars, trucks, and SUVs are manufactured. | 1957 | Plano, Texas, United States | – | – | – | |
Motorcycles are manufactured, along with parts, apparel, and financial services. | 1903 | Milwaukee, Wisconsin, United States | – | USD 4.47 B | 5,900 |
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Frequently Asked Questions about Comet Auto India
Comet Auto India was founded in 2002.
Comet Auto India is headquartered in Ludhiana, India. It is registered at Ludhiana, Punjab, India.
Comet Auto India has 39 employees.
The primary company behind Comet Auto India, Comet Auto India Private Limited, reported revenue of ₹18.09 Cr for FY 2024, up 22% year on year.
Comet Auto India operates with a B2B model, focusing on producing manufactured goods, dealing with automotive parts, components, and parts production. Manufactures high-quality automotive components, including suspension bushes and spark plug spanners. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Comet Auto India operates through Comet Auto India Private Limited.
The legal entities of Comet Auto India currently have 2 directors, including Nitish Kumar, Harihar Parsad.