About Concept 2 Wheels Limited
Data last updated:
Concept 2 Wheels Limited is a public limited company based in Hardoi, Uttar Pradesh, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 31 May 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U50102UP2013PLC057344. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹24 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Yash Vardhan Agarwal (Managing Director) and Surya Vardhan Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Opposite Mandi Samiti Gate Lucknow Road, Hardoi, Uttar Pradesh, India – 241001.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.8 Lakh, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹41,728 (net margin 23.2%) and EBITDA of ₹41,728 (EBITDA margin 23.2%).
As per MCA filings, the company has open charges of ₹14 Cr and satisfied charges of ₹2.5 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website conceptcarspvtltd.com.
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- Registered AddressOpposite Mandi Samiti Gate Lucknow Road, Hardoi, Uttar Pradesh, India – 241001
- IndustryAutomotive, Auto Dealership & Trading
- 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
Financials of Concept 2 Wheels Limited FY 2024 filings available
Concept 2 Wheels Limited reported revenue of ₹1.8 Lakh (down 22% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Concept 2 Wheels Limited
Revenue fell 22% in the latest year. EBITDA rose 15% 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 of Concept 2 Wheels Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹41,728 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹41,728 | •••• | •••• | •••• | •••• |
| 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 Concept 2 Wheels Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 23.2% | •••• | •••• | •••• | •••• |
| 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 Concept 2 Wheels are in the company report.
Financial statements from 2015
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.
Board of Directors of Concept 2 Wheels Limited
Concept 2 Wheels has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surya Vardhan Agarwal Also directs: Yash Flour Mills Private Limited, Singhania Yarns Private Limited, Concept Cars Limited and 3 more | Director | 31 May 2013 | 13 Years 4 Months | Current |
| Radha Agarwal Also directs: Yash Flour Mills Private Limited | Director | 31 May 2013 | 13 Years 4 Months | Current |
| Yash Vardhan Agarwal Also directs: Yash Flour Mills Private Limited, Singhania Yarns Private Limited, Concept Cars Limited and 3 more | Managing Director | 31 May 2013 | 13 Years 4 Months | Current |
Peer Comparison of Concept 2 Wheels Limited
Concept 2 Wheels Limited is compared with the companies closest to it by revenue in the Automobiles industry (Auto and Components Dealers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rising Automobiles Private Limited | ₹1.81 Lakh (FY 2025) | •••• | •••• | 59.0% | •••• | Gurgaon, Haryana, India |
| Shyama Automobiles Private Limited | ₹1.81 Lakh (FY 2024) | •••• | •••• | -8.0% | •••• | Ranchi, Jharkhand, India |
| Gitansh Auto Sales Private Limited | ₹1.8 Lakh (FY 2024) | •••• | •••• | 116.0% | •••• | Ludhiana, Punjab, India |
| Dinco Motors Private Limited | ₹1.8 Lakh (FY 2024) | •••• | •••• | -75.0% | •••• | New Delhi, Delhi, India |
| Concept 2 Wheels Limited this company | ₹1.8 Lakh (FY 2024) | •••• | •••• | -22.0% | •••• | Hardoi, Uttar Pradesh, India |
| Dhanlaxmi Wheels Private Limited | ₹1.8 Lakh (FY 2023) | •••• | •••• | 205.0% | •••• | Gulbarga, Karnataka, India |
| Luxe Passion Private Limited | ₹1.8 Lakh (FY 2025) | •••• | •••• | -88.0% | •••• | New Delhi, Delhi, India |
| Varsha Vehicles Private Limited | ₹1.8 Lakh (FY 2023) | •••• | •••• | -92.0% | •••• | Telangana, India |
| Vasanth Solar Private Limited | ₹1.79 Lakh (FY 2015) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Bobnhari Smartech Private Limited | ₹1.79 Lakh (FY 2020) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Autozone Impex Private Limited | ₹1.78 Lakh (FY 2024) | •••• | •••• | 73.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Concept 2 Wheels by revenue in the Automobiles industry (Auto and Components Dealers), 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 Concept 2 Wheels Limited
Concept 2 Wheels Limited is audited by S.K. SAXENA & CO. for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.K. SAXENA & CO. | 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.
Ownership and Shareholding of Concept 2 Wheels 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 Concept 2 Wheels Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Oct 2024 | Bank of India | ₹4 Cr | Open |
| 07 Aug 2024 | Bank of India | ₹10 Cr | Open |
| 11 Dec 2013 | Bank of India | ₹1.5 Cr | Satisfied |
| 11 Dec 2013 | Bank of India | ₹1 Cr | Satisfied |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Concept 2 Wheels Limited
Employment history and EPFO contributions of people linked to Concept 2 Wheels.
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.
Recent Activity on Concept 2 Wheels Limited
Concept 2 Wheels Limited has 3 board changes on record since 2013: 3 appointments. The latest: Radha Agarwal was appointed as Director on 31 May 2013.
Credit Ratings, Litigation & Regulatory Alerts for Concept 2 Wheels 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 Concept 2 Wheels 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 Concept 2 Wheels 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 Concept 2 Wheels Limited
Concept 2 Wheels has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
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 Concept 2 Wheels 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.
Frequently Asked Questions about Concept 2 Wheels Limited
Concept 2 Wheels is an active public limited company based in Hardoi, Uttar Pradesh, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 31 May 2013 (13+ years old) and is registered under CIN U50102UP2013PLC057344.
Concept 2 Wheels reported revenue of ₹1.8 Lakh for FY 2024 (down 22% YoY).
Concept 2 Wheels has 3 current directors:
- Yash Vardhan Agarwal - Managing Director
- Surya Vardhan Agarwal - Director
- Radha Agarwal - Director
Concept 2 Wheels reported a net profit of ₹41,728 (net margin 23.2%) and EBITDA of ₹41,728 (EBITDA margin 23.2%) for FY 2024, as per its filed financial statements.
No. Concept 2 Wheels has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Concept 2 Wheels is U50102UP2013PLC057344. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Concept 2 Wheels was incorporated on 31 May 2013, making it 13+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
The peers of Concept 2 Wheels by revenue are Rising Automobiles Private Limited, Shyama Automobiles Private Limited, Gitansh Auto Sales Private Limited, Dinco Motors Private Limited, Dhanlaxmi Wheels Private Limited and 5 more, all in the Automobiles industry (Auto and Components Dealers).
Radha Agarwal was appointed as Director on 31 May 2013. Surya Vardhan Agarwal was appointed as Director on 31 May 2013. Yash Vardhan Agarwal was appointed as Managing Director on 31 May 2013.
Concept 2 Wheels can be reached through the website conceptcarspvtltd.com. Its registered office is in Hardoi, Uttar Pradesh, India.
The registered office of Concept 2 Wheels is at Opposite Mandi Samiti Gate Lucknow Road, Hardoi, Uttar Pradesh, India – 241001.