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Carverse Mobility Solutions Private Limited - automotive in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹44.5 Cr
▼ 16% YoY
Net loss · FY 2024
₹4.15 Cr
Net margin -9.3%
EBITDA · FY 2024
-₹2.87 Cr
EBITDA margin -6.5%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹26.6 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Employees · EPFO
9
Provident fund records
Directors on board
2
As per MCA filings
About Carverse Mobility Solutions Private Limited
Data last updated:
Carverse Mobility Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 11 February 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020PTC132527. Its GSTIN is 29AAICC6348J1Z6 (Karnataka).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹26.6 Lakh. It is led by directors Nidhi Sarawgi and Naveen Kumar Sarawgi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sonnappanahalli International Airport Road Jala Hobli, Bangalore, Karnataka, India – 562157.
As per the financials filed for FY 2024, the company reported a revenue of ₹44.5 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net loss of ₹4.15 Cr (net margin -9.3%) and EBITDA of -₹2.87 Cr (EBITDA margin -6.5%). Revenue has grown at a compounded annual rate (CAGR) of 144% over three years.
The company has about 9 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Giga Cars.
Carverse Mobility Solutions Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KR-03-0060593). For more details, the company can be reached via its website gigacars.com.
Company details
CIN U72900KA2020PTC132527
Registration Number 132527
Incorporation Date 11 February 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-KR-03-0060593
Recognitions & Rankings of Carverse Mobility Solutions
MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-KR-03-0060593
Contact details
Carverse Mobility Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is gigacars.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSonnappanahalli International Airport Road Jala Hobli, Bangalore, Karnataka, India – 562157
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Carverse Mobility Solutions Private Limited, buy the company report.
Comprehensive company report
Carverse Mobility Solutions 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
Carverse Mobility Solutions operates one associated brand: Giga Cars. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A digital marketplace for buying and selling used cars. | gigacars.com |
Business activity
The main business activity of Carverse Mobility Solutions 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 Carverse Mobility Solutions Private Limited, buy the company report.
Financials of Carverse Mobility Solutions Private Limited
FY 2025 filings availableCarverse Mobility Solutions Private Limited reported revenue of ₹44.5 Cr (down 16% YoY) for FY 2024.
Revenue · FY 2024
₹44.5 Cr ▼ 16%
Net loss · FY 2024
₹4.15 Cr margin -9.3%
EBITDA · FY 2024
-₹2.87 Cr margin -6.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 16%
3 years · compounded
▲ 144%
EBITDA CAGR growth
1 year
▲ 24%
3 years · compounded
▼ 70%
Revenue fell 16% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 144%. EBITDA rose 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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| Total Expenses | |||||
| EBITDA | -₹2.87 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.15 Cr | ||||
| Balance Sheet | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -6.5% | ||||
| Net Profit Margin | -9.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Carverse Mobility Solutions Private Limited, buy the company report.
Board of directors of Carverse Mobility Solutions Private Limited
Carverse Mobility Solutions has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nidhi Sarawgi | Director | 11 Feb 2020 | 6 Years 9 Months | Current |
| Naveen Kumar Sarawgi | Director | 11 Feb 2020 | 6 Years 9 Months | Current |
Auditor
Carverse Mobility Solutions Private Limited is audited by Aditya Maheshwari & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Aditya Maheshwari & Co. | FY 2023 | 324917E |
Shareholding
The shareholding of Carverse Mobility Solutions Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Carverse Mobility Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Carverse Mobility Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Carverse Mobility Solutions Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 6 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Crystal Smart Solutions | |||
| Blue Ribbon Beverages LLP | |||
| an individual supplier |
To see the full MSME payment records of Carverse Mobility Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Carverse Mobility Solutions Private Limited has a workforce of 9 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
9
Active EPFO establishments
1
Employee growth
28.6%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 9 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 |
To see the full employee and EPFO history of Carverse Mobility Solutions Private Limited, buy the company report.
GST
Carverse Mobility Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICC6348J1Z6 | Karnataka | Active | 12 May 2020 |
To see the full GST registrations and return filing status of Carverse Mobility Solutions Private Limited, buy the company report.
Recent activity
Carverse Mobility Solutions Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Naveen Kumar Sarawgi was appointed as Director on 11 Feb 2020.
AGM
Carverse Mobility Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Carverse Mobility Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Naveen Kumar Sarawgi was appointed as Director.
Appointed
Nidhi Sarawgi was appointed as Director.
Incorporation
11 Feb 2020
Carverse Mobility Solutions Private Limited was registered on 11 Feb 2020 with Roc Bangalore & aged 6 years 9 months as per MCA records.
Frequently asked questions
Carverse Mobility Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 11 February 2020 (6+ years old) and is registered under CIN U72900KA2020PTC132527.
Carverse Mobility Solutions has 2 current directors:
- Nidhi Sarawgi - Director
- Naveen Kumar Sarawgi - Director
The latest financial statements of Carverse Mobility Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Carverse Mobility Solutions is 29AAICC6348J1Z6, registered in Karnataka.
The CIN (Corporate Identification Number) of Carverse Mobility Solutions is U72900KA2020PTC132527. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Carverse Mobility Solutions was incorporated on 11 February 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Naveen Kumar Sarawgi was appointed as Director on 11 Feb 2020. Nidhi Sarawgi was appointed as Director on 11 Feb 2020.
Yes, Carverse Mobility Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Carverse Mobility Solutions is registered as an MSME under Udyam registration (number: UDYAM-KR-03-0060593).
Carverse Mobility Solutions has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 6 overdue payments to 3 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Carverse Mobility Solutions can be reached through the website gigacars.com. Its registered office is in Bangalore, Karnataka, India.
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