About Tunwal
Tunwal is a company based in Gandhinagar (India) founded in 2014 by Jhumarmal Tunwal and Amitkumar Mali. The company has 60 employees. Tunwal operates in a competitive market with competitors including Ola Electric, Ather Energy, Gogoro, Hero Electric and BGauss, among others.
- Annual Revenue₹185 Cr
FY 2025 · +75% YoY
- Net Profit₹11.86 Cr
FY 2025 · 6% margin
- EBITDA₹18.67 Cr
FY 2025 · 10% margin
- Employee Count60
Associated legal entities of Tunwal
Tunwal is associated with 2 registered companies on The Company Check; the primary company is Tunwal E-Motors Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Tunwal E-Motors Limited Listed CIN L34300PN2018PLC180950 | Active | 21 Dec 2018 | Pune, Maharashtra | ₹185 Cr | 51 | 10 | View details |
| Tunwal E-Vehicle India Private Limited CIN U34209PN2016PTC229376 | Active | 03 May 2016 | Pune, Maharashtra | ₹23.7 Cr | 1 | 2 | View details |
Board of directors of Tunwal E-Motors Limited (Tunwal)
Tunwal E-Motors Limited is the primary company behind Tunwal. The boards of the 2 registered companies of Tunwal currently have 8 directors; the longest-serving is Jhumarmal Pannaram Tunwal, appointed in 2016. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jhumarmal Pannaram Tunwal DIN 07486090 | Director | 03 May 2016 | 10 yrs 5 mo | Tunwal E-Vehicle India Private Limited, Tunwal E-Motors Limited |
| Amitkumar Pannaram Mali DIN 07683275 | Director | 19 Dec 2016 | 9 yrs 9 mo | Tunwal E-Vehicle India Private Limited, Tunwal E-Motors Limited |
| Karan Kumar Saini DIN 08810541 | Whole-time director | 28 Jul 2020 | 6 yrs 2 mo | Tunwal E-Motors Limited |
| Kush Gupta DIN 09077090 | Director | 01 Mar 2024 | 2 yrs 7 mo | Tunwal E-Motors Limited |
| Arshita Singh DIN 10440686 | Director | 01 Mar 2024 | 2 yrs 7 mo | Tunwal E-Motors Limited |
| Nagraj Naveenchandra Mujumdar DIN 10547800 | Director | 15 Mar 2024 | 2 yrs 6 mo | Tunwal E-Motors Limited |
| Vijay Kumar Garg DIN 03176814 | Additional Director | 13 May 2026 | 4 mo | Tunwal E-Motors Limited |
| Kiran Deora DIN 11712521 | Additional Director | 13 May 2026 | 4 mo | Tunwal E-Motors Limited |
People of Tunwal
2 people are tracked at Tunwal (2 in leadership); the tracked headcount is 60.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Tunwal
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IPO & Listings of Tunwal
Tunwal is a publicly listed company on the NSE with ticker symbol TUNWAL in India, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date23 Jul 2024
- Listed onNSE: TUNWAL
- Listed entityTunwal E-Motors Limited
- Exchange sectorConsumer durables
- ISININE0OXV01027
- Share price₹25.20 (-0.2% on the day) · 2026-10-09
- Market capitalisation₹146 Cr
- Price to earnings11.3
- EPS (diluted, trailing year)₹2.23
- Dividend yield0.4%
- Volume (last session)46,000
Financials of Tunwal
Figures of Tunwal E-Motors Limited, the primary company behind Tunwal, for FY 2025. Revenue was ₹185 Cr (+75% year on year). Net profit was ₹11.86 Cr (6% margin). EBITDA was ₹18.67 Cr (10% margin). Revenue has grown at a compounded annual rate of +35% over three years and +200% over five years.
- ₹185 CrRevenue · FY 2025 · +75% YoY
- ₹11.86 CrNet profit · 6% margin
- ₹18.67 CrEBITDA · 10% margin
- ₹11.54 CrPaid-up capital
- 51Employees (provident fund records)
- +35%Revenue CAGR, 3 years
- +200%Revenue CAGR, 5 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | ₹277 Cr | ₹12.8 Cr | ₹22.4 Cr |
| 2024 | ₹179 Cr | ₹11.8 Cr | ₹12.4 Cr |
| 2023 | ₹105 Cr | ₹11.8 Cr | ₹17.8 Cr |
| 2022 | ₹76.5 Cr | ₹3.7 Cr | ₹7.5 Cr |
| 2021 | ₹75.0 Cr | ₹2.3 Cr | ₹4.3 Cr |
Balance sheet, profit and loss, cash flow and ratios of Tunwal E-Motors Limited are on its company page.
Detailed financial statements for Tunwal
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Competitors of Tunwal
Tunwal operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ola Electric, Ather Energy, Gogoro, Hero Electric and BGauss, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| olaelectric.com | 2017 | Bengaluru, India | $1B | 3,520 | Electric scooters and motorcycles are manufactured with related accessories. | |
| atherenergy.com | 2013 | Bengaluru, India | $502.15M | 1,755 | Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | |
| gogoro.com | 2011 | Taipei, Taiwan | $480M | 1,892 | Electric scooters are developed and battery swapping networks are operated. | |
| heroelectric.in | 2007 | Gurugram, India | $129.6M | 122 | Manufacturer offering electric scooters and mobility solutions | |
| bgauss.com | 2020 | Mumbai, India | $24.37M | 633 | Retailer of electric scooters offering test rides, maintenance, and financing | |
| rideriver.com | 2020 | Bengaluru, India | $66M | 396 | Electric scooters are designed and produced for urban mobility. | |
| motovolt.co | 2019 | Kolkata, India | $1.92M | 315 | Electric bicycles with advanced features are developed by Motovolt. | |
| bncmotors.in | 2020 | Coimbatore, India | $8.66M | – | Electric two-wheelers with removable batteries and hub motors are manufactured. | |
| greaveselectricmobility.com | 2008 | Bengaluru, India | $226.32M | 1,551 | Manufacturer of electric two and three-wheelers for personal and commercial use |
Detailed competitors of Tunwal
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Tunwal
The website of Tunwal (tunwal.com) receives about 34K visits a month.
- Monthly visits34K
▲ 19.1% vs previous month
Websites whose visitors overlap most with Tunwal. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
automaxx.in | automaxx.in | 100% | – | #2,904,695 | – |
| bgauss.com | 92% | 58.3K | #734,712 | View details | |
| lectrixev.com | 91% | – | #652,402 | View details | |
| zelioebikes.com | 90% | 680.7K | #706,071 | View details | |
shop.atherenergy.com | shop.atherenergy.com | 88% | – | #128,368 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for Tunwal
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- 11 similar websites
- Audience overlap
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Latest news on Tunwal
Complete news archive for Tunwal
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Similar companies to Tunwal
10 companies that operate in the same segment as Tunwal (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765.74 M | – | – | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.71 B | – | – | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.15 M | USD 391.37 M | 1,620 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 1,247 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – | |
Autonomous aerial vehicles are provided for consumer and commercial uses. | 2014 | Guangzhou, Guangdong, China | USD 94 M | USD 58.15 M | 483 |
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Frequently Asked Questions about Tunwal
Tunwal was founded in 2014.
Tunwal is headquartered in Gandhinagar, India. It is registered at Gandhinagar, Gujarat, India.
Tunwal has 60 employees.
The primary company behind Tunwal, Tunwal E-Motors Limited, reported revenue of ₹185 Cr for FY 2025, up 75% year on year.
Tunwal was established in 2014 in Gandhinagar, India, within the electric vehicle sector. Battery-powered scooters are produced, featuring Lead Acid or Li-ion batteries, anti-theft alarms, digital displays, and tubeless tires. Operations focus on varied designs and technical specifications for urban mobility. The company is led by founder Jhumarmal Tunwal and co-founder Amitkumar Mali.
Tunwal's top competitors include Ather Energy, Ola Electric and BGauss.
Yes, Tunwal is publicly traded on NSE under the ticker symbol TUNWAL.
Tunwal is associated with 2 legal entities: Tunwal E-Motors Limited, Tunwal E-Vehicle India Private Limited.
The legal entities of Tunwal currently have 10 directors, including Amitkumar Pannaram Mali, Jhumarmal Pannaram Tunwal, Kush Gupta and others.