About Bafna Motorcycles Private Limited
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Bafna Motorcycles Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 01 April 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U50400MH2010PTC201547. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.02 Lakh. It is led by directors Nirav Vipul Talsania and Phiroza Sohel Chimbaiwala.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2021, the company reported a revenue of ₹5.16 Cr, a decline of 69% compared to the previous year. For the same year it recorded a net loss of ₹1.88 Cr (net margin -36.5%) and EBITDA of -₹16.53 Lakh (EBITDA margin -3.2%). Revenue has declined at a compounded annual rate (CAGR) of 44% over three years and 37% over five years.
As per MCA filings, the company has open charges of ₹14.61 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bafnamotors.in.
Company details
Contact details
Bafna Motorcycles Private Limited's registered office is in Mumbai, Maharashtra. Its website is bafnamotors.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressUnit No. 712 7th Floor Centre One World Trade Centre Cuffe Pa, Rade, Mumbai, Maharashtra, India – 400005
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Bafna Motorcycles Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Bafna Motorcycles is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Bafna Motorcycles Private Limited, buy the company report.
Financials of Bafna Motorcycles Private Limited
FY 2021 filings availableBafna Motorcycles Private Limited reported revenue of ₹5.16 Cr (down 69% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years, including a 69% fall in the latest year. EBITDA rose 86% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | -₹16.53 Lakh | ||||
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| Net Profit (PAT) | -₹1.88 Cr | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| Profitability | |||||
| EBITDA Margin | -3.2% | ||||
| Net Profit Margin | -36.5% | ||||
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To see the full financial statements and ratios of Bafna Motorcycles Private Limited, buy the company report.
Board of directors of Bafna Motorcycles Private Limited
Bafna Motorcycles has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nirav Vipul Talsania Also directs: Avm Freight Solutions LLP, Abcn Technologies Private Limited, Bafna Motors (Pune) Private Limited and 1 more | Director | 31 Aug 2020 | 6 Years 1 Months | Current |
| Phiroza Sohel Chimbaiwala | Additional Director | 30 Sep 2022 | 4 Years 0 Months | Current |
Peer comparison
Bafna Motorcycles Private Limited is compared with the 5 companies closest to it by revenue in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| New Rajesh Agencies Private Limited | ₹5.18 Cr (FY 2024) | 6.0% | Hajipur, Bihar, India | |||
| Hindustaan Autolink Private Limited | ₹5.18 Cr (FY 2024) | 42.0% | Mumbai, Maharashtra, India | |||
| Bhagvati Bikes Private Limited | ₹5.16 Cr (FY 2024) | 3.0% | Himatnagar, Gujarat, India | |||
| Bafna Motorcycles Private Limitedthis company | ₹5.16 Cr (FY 2021) | -₹1.88 Cr | -36.5% | -69.0% | Mumbai, Maharashtra, India | |
| Sunrise Earthmovers Private Limited | ₹5.15 Cr (FY 2025) | 11.0% | Delhi, India | |||
| GGP Auto Solutions India Private Limited | ₹5.15 Cr (FY 2025) | 18.0% | Pune, Maharashtra, India |
To see the full peer comparison of Bafna Motorcycles Private Limited, buy the company report.
Auditor
Bafna Motorcycles Private Limited is audited by LALIT & SURENDRA for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LALIT & SURENDRA | FY 2020 | 114731W |
Shareholding
The shareholding of Bafna Motorcycles Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bafna Motorcycles Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Jul 2017 | 100124346 | Yes Bank Limited | ₹2.61 Cr | Open | |
| 09 Aug 2013 | 10442837 | Icici Bank Limited | ₹2 Cr | Open | |
| 08 Jun 2013 | 10434226 | Yes Bank Limited | ₹5 Cr | Open | |
| 31 Jan 2013 | 10409822 | Yes Bank Limited | ₹5 Cr | Open |
To see the full charge records of Bafna Motorcycles Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Bafna Motorcycles Private Limited has 4 court cases on record: 3 filed by Bafna Motorcycles, 1 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
| High courts | 1 | 1 | 1 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Civil suit | Filed against the company by Jia Properties Pvt. Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against individuals | Disposed |
To see the full case history of Bafna Motorcycles Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bafna Motorcycles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bafna Motorcycles has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Bafna Motorcycles Private Limited, buy the company report.
Recent activity
Bafna Motorcycles Private Limited has 7 board changes on record since 2012: 2 appointments and 5 cessations. The latest: Arjun Bafna Sumatiprasad ceased to be Director on 01 Oct 2022.
3 earlier events are in the company report.
Frequently asked questions
Bafna Motorcycles is an active private limited company based in Mumbai, Maharashtra, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 01 April 2010 (16+ years old) and is registered under CIN U50400MH2010PTC201547.
Bafna Motorcycles has 2 current directors:
- Nirav Vipul Talsania - Director
- Phiroza Sohel Chimbaiwala - Additional Director
The latest financial statements of Bafna Motorcycles on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
No. Bafna Motorcycles has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Bafna Motorcycles is U50400MH2010PTC201547. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bafna Motorcycles has 4 court cases on record: 3 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Bafna Motorcycles was incorporated on 01 April 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Bafna Motorcycles by revenue are New Rajesh Agencies Private Limited, Hindustaan Autolink Private Limited, Bhagvati Bikes Private Limited, Sunrise Earthmovers Private Limited, GGP Auto Solutions India Private Limited, all in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (wholesale trading).
Arjun Bafna Sumatiprasad ceased to be Director on 01 Oct 2022. Phiroza Sohel Chimbaiwala was appointed as Additional Director on 30 Sep 2022. Nirav Vipul Talsania ceased to be Additional Director on 15 Jan 2021. Bafna Motorcycles has 7 board changes on record in total.
Bafna Motorcycles can be reached through the website bafnamotors.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Bafna Motorcycles is at Unit No. 712 7th Floor Centre One World Trade Centre Cuffe Pa, Rade, Mumbai, Maharashtra, India – 400005.