About GoMechanic Spares
GoMechanic Spares was a Transportation, Automotive & Logistics company based in Gurugram (India) founded in 2020. Functions as an app-based retailer of auto parts and accessories. It operates on a B2C model. The company has 551 employees. Its Indian entity Targetone Innovations Private Limited reported revenue of ₹310 Cr. The company is recorded as dissolved. Its focus areas include Automotive, Auto Parts, Retail and App-Based Sales. Its competitors include myTVS, Autodukan and GrandPitstop; 3 of its 3 listed competitors have raised funding.
Company details
GoMechanic Spares, based in Gurugram, focuses on dealing with automotive parts, auto parts, engaging in retail operations, and app-based sales. Functions as an app-based retailer of auto parts and accessories. The company prioritizes operational excellence, innovation, and customer-centric approaches for success.
- Headquarters Gurugram, India
- Employees 551
- SectorsTransportation, Automotive & Logistics
- Website gomechanicspares.com
- Social X Facebook
- Legal Name Targetone Innovations Private Limited
- Date of Incorporation 23 May, 2016
- Jurisdiction Delhi, India
- Annual Revenue₹310 Cr
FY 2023 · +220% YoY
- Net Loss-₹147 Cr
FY 2023 · -48% margin
- EBITDA-₹143 Cr
FY 2023 · -46% margin
- Employee Count551
Associated legal entities of GoMechanic Spares
GoMechanic Spares operates through Targetone Innovations Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Targetone Innovations Private Limited CIN U74999DL2016PTC300195 | Active | 23 May 2016 | Delhi, Delhi | ₹310 Cr | 551 | 4 | View details |
Board of directors of Targetone Innovations Private Limited (GoMechanic Spares)
Targetone Innovations Private Limited is the primary company behind GoMechanic Spares. The board of Targetone Innovations Private Limited currently have 4 directors; the longest-serving is Kushal Shailesh Karwa, appointed in 2016. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kushal Shailesh Karwa DIN 07188125 | Director | 23 May 2016 | 10 yrs 5 mo | Targetone Innovations Private Limited |
| Amit Bhasin DIN 07188078 | Director | 23 May 2016 | 10 yrs 5 mo | Targetone Innovations Private Limited |
| Rishabh Shailesh Karwa DIN 09202620 | Director | 14 Jun 2021 | 5 yrs 4 mo | Targetone Innovations Private Limited |
| Nitin Rana DIN 07624297 | Director | 14 Jun 2021 | 5 yrs 4 mo | Targetone Innovations Private Limited |
Financials of GoMechanic Spares
Figures of Targetone Innovations Private Limited, the primary company behind GoMechanic Spares, for FY 2023. Revenue was ₹310 Cr (+220% year on year). Net loss was -₹147 Cr (-48% margin). EBITDA was -₹143 Cr (-46% margin). Revenue has grown at a compounded annual rate of +131% over three years and +105% over five years.
- ₹310 CrRevenue · FY 2023 · +220% YoY
- -₹147 CrNet loss · -48% margin
- -₹143 CrEBITDA · -46% margin
- ₹3.28 CrPaid-up capital
- 551Employees (provident fund records)
- +131%Revenue CAGR, 3 years
- +105%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Targetone Innovations Private Limited are on its company page.
Detailed financial statements for GoMechanic Spares
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Competitors of GoMechanic Spares
GoMechanic Spares has 3 listed competitors in our database, 3 of them funded. They include myTVS, Autodukan and GrandPitstop.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mytvs.com | 2011 | Panchkula, India | $84.54M | 27 | Automotive parts and accessories are retailed by myTVS. | |
| autodukan.com | 2017 | Pune, India | $1M | 41 | Car washing, battery, and windshield cleaning products are provided. | |
| grandpitstop.com | 2015 | Delhi, India | $785,068 | 1 | Aftermarket automotive parts and accessories are dealt online by GrandPitstop. |
Detailed competitors of GoMechanic Spares
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Top companies in Automotive Retail & Aftersales
3 companies that operate in the same segment as GoMechanic Spares (Automotive Retail & Aftersales) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 741.46 M | USD 446.48 M | 5,812 |
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Related news about Gomechanic Spares
Complete news archive for GoMechanic Spares
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Frequently Asked Questions about GoMechanic Spares
GoMechanic Spares was founded in 2020.
GoMechanic Spares is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
GoMechanic Spares has 551 employees.
The primary company behind GoMechanic Spares, Targetone Innovations Private Limited, reported revenue of ₹310 Cr for FY 2023, up 220% year on year.
GoMechanic Spares, based in Gurugram, focuses on dealing with automotive parts, auto parts, engaging in retail operations, and app-based sales. Functions as an app-based retailer of auto parts and accessories. The company prioritizes operational excellence, innovation, and customer-centric approaches for success.
GoMechanic Spares's top competitors include Autodukan, myTVS and GrandPitstop.
GoMechanic Spares operates through Targetone Innovations Private Limited.
The legal entities of GoMechanic Spares currently have 4 directors, including Rishabh Shailesh Karwa, Kushal Shailesh Karwa, Amit Bhasin and others.