MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-PB-12-0020707
Cute Cycles Pvt Ltd - automotive in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹9.29 Cr
▼ 14% YoY
Net profit · FY 2024
₹10.04 Lakh
Net margin 1.1%
EBITDA · FY 2024
₹32.86 Lakh
EBITDA margin 3.5%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹11.6 Lakh
Issued & subscribed
Open charges
₹1.5 Cr
Satisfied ₹3 Cr
Company age
33 yrs
Est. 1993
Employees · EPFO
53
Provident fund records
About Cute Cycles Pvt Ltd
Data last updated:
Cute Cycles Pvt Ltd is a private limited company based in Ludhiana, Punjab, India. It operates in the bicycle mfg and retail segment of the automotive sector. It was incorporated on 07 June 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U35921PB1993PTC013418. Its GSTIN is 03AAACC7229E1Z5 (Punjab). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹11.6 Lakh. It is led by directors including Ashwani Kumar Goyal (Managing Director) and Deepak Goyal (Whole-Time Director).
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 K 41 42 Phase Viifocal Point Ludhiana, Punjab, India – 141010.
As per the financials filed for FY 2024, the company reported a revenue of ₹9.29 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹10.04 Lakh (net margin 1.1%) and EBITDA of ₹32.86 Lakh (EBITDA margin 3.5%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 4% over five years.
The company has about 53 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Cute Cycles. As per MCA filings, the company has open charges of ₹1.5 Cr and satisfied charges of ₹3 Cr on record.
Cute Cycles Pvt Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0020707). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cutecycles.com.
Company Details of Cute Cycles Pvt Ltd
CIN U35921PB1993PTC013418
Registration Number 013418
Incorporation Date 07 June 1993
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-PB-12-0020707
Key People
Ashwani Kumar Goyal Managing Director Deepak Goyal Whole-Time Director Anita Gupta Director Recognitions & Rankings of Cute Cycles
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressK 41 42 Phase Viifocal Point Ludhiana, Punjab, India – 141010
- IndustryAutomotive, Bicycle Mfg & Retail
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Associated Brands with Cute Cycles Pvt Ltd
Cute Cycles operates one associated brand: Cute Cycles. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and supplying bicycles and parts globally. | cutecycles.com |
Business Activity of Cute Cycles Pvt Ltd
The main business activity of Cute Cycles is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Cute Cycles Pvt Ltd FY 2025 filings available
Cute Cycles Pvt Ltd reported revenue of ₹9.29 Cr (down 14% YoY) for FY 2024.
Revenue · FY 2024
₹9.29 Cr ▼ 14%
Net profit · FY 2024
₹10.04 Lakh margin 1.1%
EBITDA · FY 2024
₹32.86 Lakh margin 3.5%
Compounded Annual Growth Rate (CAGR) of Cute Cycles Pvt Ltd
Revenue CAGR growth
1 year
▼ 14%
3 years · compounded
▼ 9%
5 years · compounded
▼ 4%
EBITDA CAGR growth
1 year
▼ 13%
3 years · compounded
▼ 14%
5 years · compounded
▼ 8%
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 14% fall in the latest year. EBITDA fell 13% 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 Cute Cycles Pvt Ltd
| 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 | ₹32.86 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10.04 Lakh | •••• | •••• | •••• | •••• |
| 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 Cute Cycles Pvt Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.1% | •••• | •••• | •••• | •••• |
| 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 Cute Cycles are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Cute Cycles Pvt Ltd
Cute Cycles has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anita Gupta | Director | 07 Jun 1993 | 33 Years 4 Months | Current |
| Ashwani Kumar Goyal | Managing Director | 07 Jun 1993 | 33 Years 4 Months | Current |
| Deepak Goyal | Whole-Time Director | 07 Jun 1993 | 33 Years 4 Months | Current |
Peer Comparison of Cute Cycles Pvt Ltd
Cute Cycles Pvt Ltd is compared with the companies closest to it by revenue in the Automobiles industry (Cycles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Duro Forge Pvt Ltd | ₹10.64 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Punjab, India |
| Aditya Cycles Pvt Ltd | ₹10.56 Cr (FY 2024) | •••• | •••• | 54.0% | •••• | Punjab, India |
| Asian Greentech Private Limited | ₹10.41 Cr (FY 2025) | •••• | •••• | •••• | Ludhiana, Punjab, India | |
| Prima Cycles Pvt Ltd | ₹10.2 Cr (FY 2024) | •••• | •••• | -10.0% | •••• | Punjab, India |
| Raj Cycles India Pvt Ltd | ₹10.17 Cr (FY 2024) | •••• | •••• | -34.0% | •••• | Punjab, India |
| Cute Cycles Pvt Ltd this company | ₹9.29 Cr (FY 2024) | •••• | •••• | -14.0% | •••• | Ludhiana, Punjab, India |
| Diamond Cycle Pvt Ltd | ₹9.12 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Hansi, Haryana, India |
| Searose Exim Private Limited | ₹9.03 Cr (FY 2022) | •••• | •••• | 0.0% | •••• | Ludhiana, Punjab, India |
| Dalmia Cycles Private Limited | ₹8.84 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | Ludhiana, Punjab, India |
| Acropolis Industries Private Limited | ₹8.7 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Ludhiana, Punjab, India |
| Accurate Bycycle Parts Private Limited | ₹8.21 Cr (FY 2024) | •••• | •••• | -4.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Cute Cycles by revenue in the Automobiles industry (Cycles), 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 Cute Cycles Pvt Ltd
Cute Cycles Pvt Ltd is audited by NARESH K GOYAL & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NARESH K GOYAL & CO | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Cute Cycles Pvt Ltd
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Cute Cycles Pvt Ltd
Open charges
₹1.5 Cr
Satisfied charges
₹3 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Oct 2017 | Karnataka Bank Ltd. | ₹1.5 Cr | Open |
| 09 Sep 2014 | Karnataka Bank Ltd. | ₹70 Lakh | Satisfied |
| 15 Apr 2014 | Karnataka Bank Ltd. | ₹80 Lakh | Satisfied |
| 02 Feb 2012 | Karnataka Bank Ltd. | ₹25 Lakh | Satisfied |
| 14 Sep 2001 | Karnataka Bank Ltd. | ₹15 Lakh | Satisfied |
Total charge records: 7 View all charges
Employees and EPFO Compliance at Cute Cycles Pvt Ltd
Cute Cycles Pvt Ltd has a workforce of 53 employees as of Apr 07, 2024.
Employee count
53
Active EPFO establishments
1
Employee growth
-20.9%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Cute Cycles Pvt Ltd
Cute Cycles Pvt Ltd has 3 board changes on record since 1993: 3 appointments. The latest: Anita Gupta was appointed as Director on 07 Jun 1993.
AGM
Cute Cycles Pvt Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Cute Cycles Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge registered on 09 Sep 2014 via Charge ID 10521146 with Karnataka Bank Ltd. was fully satisfied on 25 Jun 2020.
Charges
A charge registered on 15 Apr 2014 via Charge ID 10494147 with Karnataka Bank Ltd. was fully satisfied on 25 Jun 2020.
Charges
A charge registered on 14 Sep 2001 via Charge ID 90182886 with Karnataka Bank Ltd. was fully satisfied on 25 Jun 2020.
Charges
A charge registered on 23 Feb 2000 via Charge ID 90182678 with Karnataka Bank Ltd. was fully satisfied on 25 Jun 2020.
Charges
A charge with Karnataka Bank Ltd. amounted to Rs. 150.00 Lakh with Charge ID 100144561 was registered on 27 Oct 2017.
Charges
A charge registered on 02 Feb 2012 via Charge ID 10338380 with Karnataka Bank Ltd. was fully satisfied on 03 Sep 2015.
Charges
A charge with Karnataka Bank Ltd. amounted to Rs. 70.00 Lakh with Charge ID 10521146 was registered on 09 Sep 2014.
Charges
A charge with Karnataka Bank Ltd. amounted to Rs. 80.00 Lakh with Charge ID 10494147 was registered on 15 Apr 2014.
Charges
A charge with Karnataka Bank Ltd. of Rs. 100.00 Lakh registered on 23 Feb 2000 with Charge ID 90182678 was modified on 28 Oct 2013.
Charges
A charge registered on 05 Feb 1994 via Charge ID 90181891 with State Bank Of Patiala was fully satisfied on 21 Nov 2012.
10 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Cute Cycles Pvt Ltd
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MSME Payment Delays by Cute Cycles Pvt Ltd
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Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Cute Cycles Pvt Ltd
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Cute Cycles Pvt Ltd
Cute Cycles has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACC7229E1Z5 | Punjab | Active | 01 Jul 2017 |
| 33AAACC7229E1Z2 | Tamil Nadu | Active | 27 Feb 2022 |
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State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Cute Cycles Pvt Ltd
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Frequently Asked Questions about Cute Cycles Pvt Ltd
Cute Cycles is an active private limited company based in Ludhiana, Punjab, India. The company works in bicycle mfg and retail, within the automotive industry. It was incorporated on 07 June 1993 (33+ years old) and is registered under CIN U35921PB1993PTC013418.
Cute Cycles reported revenue of ₹9.29 Cr for FY 2024 (down 14% YoY).
Cute Cycles has 3 current directors:
- Ashwani Kumar Goyal - Managing Director
- Deepak Goyal - Whole-Time Director
- Anita Gupta - Director
Cute Cycles reported a net profit of ₹10.04 Lakh (net margin 1.1%) and EBITDA of ₹32.86 Lakh (EBITDA margin 3.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Cute Cycles is -9% over three years and -4% over five years. In the latest year (FY 2024) revenue fell 14%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Cute Cycles is 03AAACC7229E1Z5, registered in Punjab. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 33AAACC7229E1Z2 (Tamil Nadu).
The CIN (Corporate Identification Number) of Cute Cycles is U35921PB1993PTC013418. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cute Cycles was incorporated on 07 June 1993, making it 33+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Cute Cycles by revenue are Duro Forge Pvt Ltd, Aditya Cycles Pvt Ltd, Asian Greentech Private Limited, Prima Cycles Pvt Ltd, Raj Cycles India Pvt Ltd and 5 more, all in the Automobiles industry (Cycles).
Anita Gupta was appointed as Director on 07 Jun 1993. Ashwani Kumar Goyal was appointed as Managing Director on 07 Jun 1993. Deepak Goyal was appointed as Whole-Time Director on 07 Jun 1993.
Yes, Cute Cycles is registered as a small enterprise under Udyam registration (number: UDYAM-PB-12-0020707).