Discover Axles India Private Limited

Discover Axles India Private Limited - automotive in Pune, Maharashtra, India. FY 2026 financials & compliance.
CIN U35999PN2011PTC141295 Incorporated 09 November 2011 ROC Pune HQ Pune, Maharashtra, India
Active Private Limited Company automotive MSME · Micro
Data last updated
Revenue · FY 2024
₹5.07 Lakh
▼ 99% YoY
Net loss · FY 2024
₹2.96 Lakh
Net margin -58.4%
EBITDA · FY 2024
-₹1.17 Lakh
EBITDA margin -23.1%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹95.8 Lakh
Issued & subscribed
Satisfied charges
₹5.72 Cr
No open charges
Company age
15 yrs
Est. 2011
Directors on board
2
As per MCA filings

About Discover Axles India Private Limited

Data last updated:

Discover Axles India Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the commercial vehicles and fleet segment of the automotive sector. It was incorporated on 09 November 2011 and has been in existence for over 15 years.

The company is registered with the Registrar of Companies (ROC), Pune, under CIN U35999PN2011PTC141295. Its GSTIN is 27AAECD0203B1ZK (Maharashtra).

The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹95.8 Lakh. It is led by directors Vijaykumar Bhalchandra Shete and Sneha Vijaykumar Shete.

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 228 Camron Industrial Park, Pune, Maharashtra.

As per the financials filed for FY 2024, the company reported a revenue of ₹5.07 Lakh, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹2.96 Lakh (net margin -58.4%) and EBITDA of -₹1.17 Lakh (EBITDA margin -23.1%). Revenue has declined at a compounded annual rate (CAGR) of 79% over three years and 54% over five years.

As per MCA filings, the company has satisfied charges of ₹5.72 Cr on record. Court records list 6 cases involving the company, including 6 filed against it; 1 case is pending.

Discover Axles India Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-27-0005520). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website discover-axles-india-private-limited.business.site.

Company details

CIN U35999PN2011PTC141295
Registration Number 141295
Incorporation Date 09 November 2011
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-27-0005520
Key People
Vijaykumar Bhalchandra Shete Director Sneha Vijaykumar Shete Director

Recognitions & Rankings of Discover Axles India

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-MH-27-0005520

Contact details

Discover Axles India Private Limited's registered office is in Pune, Maharashtra. Its website is discover-axles-india-private-limited.business.site. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    discover-axles-india-private-limited.business.site
  • Registered Address
    Plot No. – E – 2 Gat No. – 228 Camron Industrial Park2 Near Dwarka City Mahalunge Ambethan Roa, D Chakan, Pune, Maharashtra, India – 410501
  • Industry
    Automotive, Commercial Vehicles & Fleet

To see the full contact details of Discover Axles India Private Limited, buy the company report.

Comprehensive company report
Discover Axles India 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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Financials of Discover Axles India Private Limited

FY 2024 filings available

Discover Axles India Private Limited reported revenue of ₹5.07 Lakh (down 99% YoY) for FY 2024.

Revenue · FY 2024
₹5.07 Lakh ▼ 99%
Net loss · FY 2024
₹2.96 Lakh margin -58.4%
EBITDA · FY 2024
-₹1.17 Lakh margin -23.1%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 99%
3 years · compounded
▼ 79%
5 years · compounded
▼ 54%
EBITDA CAGR growth
1 year
▼ 143%
3 years · compounded
▼ 26%
5 years · compounded
▼ 15%

Revenue has declined at a compounded annual rate (CAGR) of 54% over five years, including a 99% fall in the latest year. EBITDA fell 143% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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-₹1.17 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹2.96 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin-23.1%
Net Profit Margin-58.4%
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

To see the full financial statements and ratios of Discover Axles India Private Limited, buy the company report.

Board of directors of Discover Axles India Private Limited

Discover Axles India has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Vijaykumar Bhalchandra Shete
Also directs: VM Vinegaon Infraedge Private Limited
Director09 Nov 201115 Years 0 MonthsCurrent
Sneha Vijaykumar SheteDirector22 Jul 20215 Years 3 MonthsCurrent
View all directors

Peer comparison

Discover Axles India Private Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Hydraulic Equipment), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Fluisys Hydraulics Private Limited₹6.04 Lakh (FY 2018)-86.0%Delhi, India
Discover Axles India Private Limitedthis company₹5.07 Lakh (FY 2024)-₹2.96 Lakh-58.4%-99.0%Pune, Maharashtra, India
Deva Fabricators Ltd.₹4.92 Lakh (FY 2025)249.0%Mumbai, Maharashtra, India
Fluid Powersystems Private Limited₹3.96 Lakh (FY 2025)10.0%Hyderabad, Telangana, India

To see the full peer comparison of Discover Axles India Private Limited, buy the company report.

Auditor

Discover Axles India Private Limited is audited by S.C. SANCHETI & ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
S.C. SANCHETI & ASSOCIATESFY 2023129394W

Shareholding

The shareholding of Discover Axles India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.

Shareholder categoryFY 2022FY 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Public
Others

To see the full shareholding pattern of Discover Axles India Private Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹5.72 Cr
Breakdown by lending institutions
Indian Bank₹5.72 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
27 Aug 2018100220950Indian Bank₹5.72 CrSatisfied

To see the full charge records of Discover Axles India Private Limited, buy the company report.

Total charge records: 1 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Discover Axles India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Discover Axles India has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AAECD0203B1ZKMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Discover Axles India Private Limited, buy the company report.

Recent activity

Discover Axles India Private Limited has 7 board changes on record since 2011: 2 appointments and 5 cessations. The latest: Sachin Raosaheb Shinde ceased to be Director on 01 Apr 2022.

AGM
Discover Axles India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Discover Axles India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Charges
A charge registered on 27 Aug 2018 via Charge ID 100220950 with Indian Bank was fully satisfied on 07 Apr 2022.
Ceased
Sachin Raosaheb Shinde ceased to be Director.
Ceased
Sneha Vijaykumar Shete ceased to be Additional Director.
Ceased
Rajendra Vilas Kadam ceased to be Director.
Appointed
Sneha Vijaykumar Shete was appointed as Director.
Charges
A charge with Indian Bank of Rs. 5.72 Cr registered on 27 Aug 2018 with Charge ID 100220950 was modified on 10 Jun 2020.
Charges
A charge with Indian Bank amounted to Rs. 5.72 Cr with Charge ID 100220950 was registered on 27 Aug 2018.
Ceased
Sanjay Anant Torkhade ceased to be Director.
Ceased
Yashwant Vishnu Deshmukh ceased to be Director.
Appointed
Vijaykumar Bhalchandra Shete was appointed as Director.

1 earlier event is in the company report.

Frequently asked questions

Discover Axles India is an active private limited company based in Pune, Maharashtra, India. The company works in commercial vehicles and fleet, within the automotive industry. It was incorporated on 09 November 2011 (15+ years old) and is registered under CIN U35999PN2011PTC141295.

Discover Axles India has 2 current directors:

The latest financial statements of Discover Axles India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Discover Axles India is 27AAECD0203B1ZK, registered in Maharashtra.

The CIN (Corporate Identification Number) of Discover Axles India is U35999PN2011PTC141295. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Discover Axles India has 6 court cases on record: 6 filed against it. 1 is pending.

Discover Axles India was incorporated on 09 November 2011, making it 15+ years old. It is registered with the Registrar of Companies, Pune.

The peers of Discover Axles India by revenue are Fluisys Hydraulics Private Limited, Deva Fabricators Ltd, Fluid Powersystems Private Limited, all in the Machinery and Equipment industry (Hydraulic Equipment), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles).

Sachin Raosaheb Shinde ceased to be Director on 01 Apr 2022. Sneha Vijaykumar Shete ceased to be Additional Director on 30 Nov 2021. Rajendra Vilas Kadam ceased to be Director on 22 Jul 2021. Discover Axles India has 7 board changes on record in total.

Yes, Discover Axles India is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-27-0005520).

Discover Axles India can be reached through the website discover-axles-india-private-limited.business.site. Its registered office is in Pune, Maharashtra, India.