About Billion Electric Mobility Private Limited
Data last updated:
Billion Electric Mobility Private Limited is a private limited company based in Vadodara, Gujarat, India, a subsidiary of Tecso Projects Limited and recognised as a startup by DPIIT. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 09 November 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74110GJ2016PTC094316. Its GSTIN is 24AAGCT0200J1ZU (Gujarat). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹19.76 Cr. It was formerly known as Tecso Energy One Private Limited. It is led by directors including Kartikey Babubhai Hariyani and Kinnari Kartikey Hariyani.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at D 8th Floor Notus IT Park, Vadodara, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.22 Cr, a decline of 41% compared to the previous year. For the same year it recorded a net loss of ₹6.19 Cr (net margin -146.5%) and EBITDA of -₹21.66 Lakh (EBITDA margin -5.1%). Revenue has grown at a compounded annual rate (CAGR) of 75% over three years.
The company is associated with 2 brands: BillionE Mobility and Tecso Global. As per MCA filings, the company has open charges of ₹100.81 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending. The company has 7 deals on record (6 funding rounds, 1 secondary share transfer), with disclosed funding of ₹311.91 Cr; the latest was in January 2026. Its 10 peer companies in the Automobiles industry (Electric and Bio Fuel Vehicles) are compared by revenue, 5 larger and 5 smaller; the largest is Glowialed Private Limited with revenue of ₹4.51 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tecsoglobal.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressBlock – D 8th Floor Notus IT Park, Sarabhai Campus Vadiwadi, Vadodara, Gujarat, India – 390023
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
- 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
- One PDF report, delivered after checkout
Business Activity of Billion Electric Mobility Private Limited
The main business activity of Billion Electric Mobility is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Billion Electric Mobility Private Limited FY 2025 filings available
Billion Electric Mobility Private Limited reported revenue of ₹4.22 Cr (down 41% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Billion Electric Mobility Private Limited
Revenue fell 41% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 75%. 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 of Billion Electric Mobility Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹4.22 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹21.66 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹6.19 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Billion Electric Mobility Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -5.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -146.5% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Billion Electric Mobility are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Billion Electric Mobility Private Limited
Billion Electric Mobility Private Limited is compared with the companies closest to it by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Glowialed Private Limited | ₹4.51 Cr (FY 2024) | •••• | •••• | 12.0% | •••• | Noida, Uttar Pradesh, India |
| Richford Allianz Private Limited | ₹4.46 Cr (FY 2024) | •••• | •••• | 86.0% | •••• | Kolkata, West Bengal, India |
| Saera Keto EV Private Limited | ₹4.44 Cr (FY 2025) | •••• | •••• | -83.0% | •••• | Delhi, India |
| Hunda EV Private Limited | ₹4.42 Cr (FY 2024) | •••• | •••• | 1036.0% | •••• | Jaipur, Rajasthan, India |
| Ngage Wheel Private Limited | ₹4.22 Cr (FY 2025) | •••• | •••• | 543.0% | •••• | Kolkata, West Bengal, India |
| Billion Electric Mobility Private Limited this company | ₹4.22 Cr (FY 2025) | •••• | •••• | -41.0% | •••• | Vadodara, Gujarat, India |
| Xidaa Moto Private Limited | ₹4.19 Cr (FY 2024) | •••• | •••• | 19.0% | •••• | New Delhi, Delhi, India |
| Zero 21 Renewable Energy Solutions Private Limited | ₹4.13 Cr (FY 2024) | •••• | •••• | 86.0% | •••• | Hyderabad, Telangana, India |
| Comptech Motocorp Private Limited | ₹4.13 Cr (FY 2025) | •••• | •••• | •••• | Dehgam, Gujarat, India | |
| Evage Ventures Private Limited | ₹4.09 Cr (FY 2024) | •••• | •••• | 27.0% | •••• | Chandigarh, India |
| Jessun Techno Private Limited | ₹4.08 Cr (FY 2022) | •••• | •••• | 396.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Billion Electric Mobility by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Billion Electric Mobility Private Limited
Billion Electric Mobility Private Limited is audited by Sanjay Modi and Associates for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sanjay Modi and Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Billion Electric Mobility Private Limited
Billion Electric Mobility has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kartikey Babubhai Hariyani Also directs: Billion Energy and Mobility Private Limited, Tecso Charge Zone Limited, Tecso Charge Zone One Private Limited and 5 more | Director | 09 Nov 2016 | 9 Years 11 Months | Current |
| Kinnari Kartikey Hariyani Also directs: Billion Energy and Mobility Private Limited, Tecso Charge Zone Limited, Tecso Charge Zone One Private Limited and 5 more | Director | 09 Nov 2016 | 9 Years 11 Months | Current |
| Ramkisan Amirchand Devidayal | Additional Director | 17 Nov 2025 | 0 Years 10 Months | Current |
| Sanjeev Ramachandra Kulkarni Also directs: Anubhaavi Technodrive LLP | Additional Director | 17 Nov 2025 | 0 Years 10 Months | Current |
Ownership and Shareholding of Billion Electric Mobility Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Billion Electric Mobility Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Mar 2026 | Others | ₹24.75 Cr | Open |
| 30 Jan 2026 | Others | ₹15 Cr | Open |
| 25 Jul 2025 | Others | ₹21.7 Cr | Open |
| 22 Jul 2025 | Others | ₹21.7 Cr | Open |
| 28 May 2025 | Others | ₹5.13 Cr | Open |
Total charge records: 8 View all charges
Deals & Funding of Billion Electric Mobility Private Limited
Billion Electric Mobility Private Limited has 7 deals on record (6 funding rounds, 1 secondary share transfer), with disclosed funding of ₹311.91 Cr; the latest was in January 2026.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2026 | Funding round | ₹225.55 Cr | Investors: State Bank of India |
| Jun 2023 | Funding round | ₹81.96 Cr | |
| Dec 2022 | Funding round | ₹93 Lakh | Investors: Transition VC, 3 individuals |
| Apr 2022 | Funding round | ₹57.5 Lakh | Investors: Visun Solutions LLP , 2 individuals |
| Mar 2022 | Funding round | ₹2.33 Cr | Investors: Tecso Projects Limited , 3 individuals |
Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Billion Electric Mobility Private Limited
Billion Electric Mobility Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BELAGAVI, Karnataka | Motor accident claim | Filed against the company by an individual | Pending |
| District court, BELAGAVI, Karnataka | Motor accident claim | Filed against the company by an individual | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Billion Electric Mobility Private Limited
Billion Electric Mobility operates two associated brands: BillionE Mobility and Tecso Global. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multi-category electric two-wheeler rentals are provided via an online platform. | billionmobility.com | |
| Solar energy projects for industrial and utility scales are developed. | tecsoglobal.com |
Employees and EPFO Compliance at Billion Electric Mobility Private Limited
Employment history and EPFO contributions of people linked to Billion Electric Mobility.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Billion Electric Mobility Private Limited
Billion Electric Mobility has 1 associated company. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
CIN History of Billion Electric Mobility Private Limited
Billion Electric Mobility has one previous CIN (Corporate Identification Number): U74999GJ2016PTC094316. The current CIN is U74110GJ2016PTC094316, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110GJ2016PTC094316 | Current |
| U74999GJ2016PTC094316 | Previous |
Recent Activity on Billion Electric Mobility Private Limited
Billion Electric Mobility Private Limited has 7 board changes on record since 2016: 5 appointments and 2 cessations. The latest: Ramkisan Amirchand Devidayal was appointed as Additional Director on 17 Nov 2025.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Billion Electric Mobility Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Billion Electric Mobility Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Billion Electric Mobility Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Billion Electric Mobility Private Limited
Billion Electric Mobility has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCT0200J1ZU | Gujarat | Active | 08 Oct 2021 |
| 06AAGCT0200J1ZS | Haryana | Active | 26 May 2021 |
| 29AAGCT0200J1ZK | Karnataka | Active | 04 Jul 2023 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Billion Electric Mobility Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Billion Electric Mobility Private Limited
Frequently Asked Questions about Billion Electric Mobility Private Limited
Billion Electric Mobility is an active private limited company based in Vadodara, Gujarat, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 09 November 2016 (10+ years old) and is registered under CIN U74110GJ2016PTC094316.
Billion Electric Mobility reported revenue of ₹4.22 Cr for FY 2025 (down 41% YoY).
Billion Electric Mobility has 4 current directors:
- Kartikey Babubhai Hariyani - Director
- Kinnari Kartikey Hariyani - Director
- Ramkisan Amirchand Devidayal - Additional Director
- Sanjeev Ramachandra Kulkarni - Additional Director
Billion Electric Mobility reported a net loss of ₹6.19 Cr (net margin -146.5%) and EBITDA of -₹21.66 Lakh (EBITDA margin -5.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Billion Electric Mobility is 75% over three years. In the latest year (FY 2025) revenue fell 41%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Billion Electric Mobility is 24AAGCT0200J1ZU, registered in Gujarat. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 06AAGCT0200J1ZS (Haryana), 29AAGCT0200J1ZK (Karnataka).
The CIN (Corporate Identification Number) of Billion Electric Mobility is U74110GJ2016PTC094316. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Billion Electric Mobility has 2 court cases on record: 2 filed against it. 1 is pending.
Billion Electric Mobility was incorporated on 09 November 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Billion Electric Mobility has 7 deals on record (6 funding rounds, 1 secondary share transfer), with disclosed funding of ₹311.91 Cr; the latest was in January 2026.
The peers of Billion Electric Mobility by revenue are Glowialed Private Limited, Richford Allianz Private Limited, Saera Keto EV Private Limited, Hunda EV Private Limited, Ngage Wheel Private Limited and 5 more, all in the Automobiles industry (Electric and Bio Fuel Vehicles).