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Buymyev Technology Private Limited - automotive in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.22 Lakh
▼ 79% YoY
Net loss · FY 2024
₹1.98 Cr
Latest filing
EBITDA · FY 2024
-₹1.49 Cr
Latest filing
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1.79 Lakh
Issued & subscribed
Open charges
₹6.5 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Employees · EPFO
20
Provident fund records
About Buymyev Technology Private Limited
Data last updated:
Buymyev Technology Private Limited is a private limited company based in Bengaluru, Karnataka, India, recognised as a startup by DPIIT. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 21 February 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U34203KA2019PTC121703. Its GSTIN is 29AAICB2947E1ZL (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.79 Lakh. It is led by directors including Varsha Vasudeva and Vivek Sharanappa Hebbal.
Its last annual general meeting (AGM) was held on 15 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 157 4th Main 3rd Block 3rd Stage Basaveshwaranagar, Bengaluru, Karnataka, India – 560079.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.22 Lakh, a decline of 79% compared to the previous year. For the same year it recorded a net loss of ₹1.98 Cr and EBITDA of -₹1.49 Cr. Revenue has declined at a compounded annual rate (CAGR) of 39% over three years.
The company has about 20 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Indibike and buymyEV. As per MCA filings, the company has open charges of ₹6.5 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 4 deals on record (2 rights issues, 2 secondary share transfers); the latest was in March 2023.
Buymyev Technology Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0215034). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website buymyev.in.
Company details
CIN U34203KA2019PTC121703
Registration Number 121703
Incorporation Date 21 February 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 15 November 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0215034
Recognitions & Rankings of Buymyev Technology
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0215034
Contact details
Buymyev Technology Private Limited's registered office is in Bengaluru, Karnataka. Its website is buymyev.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 157 4th Main 3rd Block 3rd Stage Basaveshwaranagar, Bengaluru, Karnataka, India – 560079
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Buymyev Technology Private Limited, buy the company report.
Comprehensive company report
Buymyev Technology Private Limited - one report that includes everything
- 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
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Brands
Buymyev Technology operates two associated brands: Indibike and buymyEV. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures high-quality electric scooters for urban mobility. | indibike.in | |
| Express services and welcome platform offerings. | buymyev.in |
Business activity
The main business activities of Buymyev Technology are manufacturing and support service to organizations. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles and rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles | |
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities |
To see the full business activity and turnover split of Buymyev Technology Private Limited, buy the company report.
Financials of Buymyev Technology Private Limited
FY 2024 filings availableBuymyev Technology Private Limited reported revenue of ₹1.22 Lakh (down 79% YoY) for FY 2024.
Revenue · FY 2024
₹1.22 Lakh ▼ 79%
Net loss · FY 2024
₹1.98 Cr
EBITDA · FY 2024
-₹1.49 Cr
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 79%
3 years · compounded
▼ 39%
EBITDA CAGR growth
1 year
▼ 24%
3 years · compounded
▼ 247%
Revenue has declined at a compounded annual rate (CAGR) of 39% over three years, including a 79% fall in the latest year. EBITDA fell 24% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹1.49 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.98 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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To see the full financial statements and ratios of Buymyev Technology Private Limited, buy the company report.
Board of directors of Buymyev Technology Private Limited
Buymyev Technology has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bobby Mohanty | Nominee Director | 25 Oct 2021 | 5 Years 0 Months | Current |
| Varsha Vasudeva | Director | 21 Feb 2019 | 7 Years 8 Months | Current |
| Vivek Sharanappa Hebbal | Director | 21 Feb 2019 | 7 Years 8 Months | Current |
Auditor
Buymyev Technology Private Limited is audited by RVS & Co Chartered Accountants for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RVS & Co Chartered Accountants | FY 2023 | 010444S |
Shareholding
The shareholding of Buymyev Technology Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Buymyev Technology Private Limited, buy the company report.
Charges & borrowings
Open charges
₹6.5 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 May 2023 | 100729294 | State Bank of India | ₹6.5 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Buymyev Technology Private Limited has 4 deals on record (2 rights issues, 2 secondary share transfers); the latest was in March 2023.
Total deals
4
Rights issues
2
Secondary share transfers
2
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2022 | Rights issue | ₹5 Cr | Investors: PNR Infracon Private Limited , Techengg Project Services & Equipments Private Limited, 2 individuals |
| Oct 2021 | Rights issue | ₹3 Cr | Investors: PNR Infracon Private Limited , Techengg Project Services & Equipments Private Limited |
| Sep 2021 | Secondary share transfer | Undisclosed | Buyer: Empoise Designs Studios Private Limited, 2 individuals Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Buymyev Technology Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Interim or miscellaneous application | Filed against the company by M/S United Sales Enterprises | Disposed |
To see the full case history of Buymyev Technology 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 Buymyev Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Buymyev Technology Private Limited has a workforce of 20 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
Employee count
20
Active EPFO establishments
1
Employee growth
33.33%
GST
Buymyev Technology has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICB2947E1ZL | Karnataka | Active | 24 Apr 2019 |
| 21AAICB2947E1Z1 | Odisha | Active | 27 Jan 2023 |
To see the full GST registrations and return filing status of Buymyev Technology Private Limited, buy the company report.
Recent activity
Buymyev Technology Private Limited has 4 board changes on record since 2019: 3 appointments and 1 cessation. The latest: Rajiv Dubey ceased to be Nominee Director on 19 Feb 2024.
AGM
Buymyev Technology Private Limited last Annual general meeting of members was held on 15 Nov 2024 as per latest MCA records.
Filing
Buymyev Technology Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Rajiv Dubey ceased to be Nominee Director.
Charges
A charge with State Bank Of India amounted to Rs. 650.00 Lakh with Charge ID 100729294 was registered on 20 May 2023.
Appointed
Bobby Mohanty was appointed as Nominee Director.
Appointed
Varsha Vasudeva was appointed as Director.
Appointed
Vivek Sharanappa Hebbal was appointed as Director.
Incorporation
21 Feb 2019
Buymyev Technology Private Limited was registered on 21 Feb 2019 with Roc Bangalore & aged 7 years 8 months as per MCA records.
Frequently asked questions
Buymyev Technology is an active private limited company based in Bengaluru, Karnataka, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 21 February 2019 (7+ years old) and is registered under CIN U34203KA2019PTC121703.
Buymyev Technology has 3 current directors:
- Bobby Mohanty - Nominee Director
- Varsha Vasudeva - Director
- Vivek Sharanappa Hebbal - Director
The latest financial statements of Buymyev Technology on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 15 November 2024. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Buymyev Technology is 29AAICB2947E1ZL, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 21AAICB2947E1Z1 (Odisha).
The CIN (Corporate Identification Number) of Buymyev Technology is U34203KA2019PTC121703. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Buymyev Technology has 1 court case on record: 1 filed against it.
Buymyev Technology was incorporated on 21 February 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Buymyev Technology has 4 deals on record (2 rights issues, 2 secondary share transfers); the latest was in March 2023.
Rajiv Dubey ceased to be Nominee Director on 19 Feb 2024. Bobby Mohanty was appointed as Nominee Director on 25 Oct 2021. Varsha Vasudeva was appointed as Director on 21 Feb 2019. Buymyev Technology has 4 board changes on record in total.
Yes, Buymyev Technology is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
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