About Drivex Mobility Private Limited
Data last updated:
Drivex Mobility Private Limited is a private limited company based in Coimbatore, Tamil Nadu, India, recognised as a startup by DPIIT. It operates in the online automotive platforms segment of the e-commerce sector. It was incorporated on 01 April 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U63040TZ2020PTC033680. Its GSTIN is 33AAGCN9242A1ZS (Tamil Nadu). The company holds 9 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹1.6 Cr and a paid-up capital of ₹2.94 Lakh. It was formerly known as Nkars Mobility Millennial Solutions Private Limited. It is led by directors including Seeplaputhur Ganapathiramaswamy Murali and Hormazd Soli Sorabjee.
Its last annual general meeting (AGM) was held on 28 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 484 Kamaraj Road Uppilipalayam, Coimbatore, Tamil Nadu, India – 641015.
As per the financials filed for FY 2025, the company reported a revenue of ₹60.81 Cr, a growth of 66% compared to the previous year. For the same year it recorded a net loss of ₹46.33 Cr (net margin -76.2%) and EBITDA of -₹51.18 Cr (EBITDA margin -84.2%). Revenue has grown at a compounded annual rate (CAGR) of 92% over three years.
The company has about 139 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: DriveX. As per MCA filings, the company has open charges of ₹91 Cr and satisfied charges of ₹20 Cr on record. Court records list 5 cases involving the company, including 5 filed by the company; 2 cases are pending. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹88.58 Cr; the latest was in December 2024.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website drivex.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address484 Kamaraj Road Uppilipalayam, Coimbatore, Tamil Nadu, India – 641015
- IndustryE-Commerce, Online Automotive Platforms
- 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
Business Activity of Drivex Mobility Private Limited
The main business activities of Drivex Mobility are trade, support service to organizations and manufacturing. In detail, this covers retail trading, other support services to organizations and repair & installation of machinery & equipment, motor vehicles. 3 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Drivex Mobility Private Limited FY 2025 filings available
Drivex Mobility Private Limited reported revenue of ₹60.81 Cr (up 66% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Drivex Mobility Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 92% over three years, including 66% growth in the latest year. EBITDA fell 26% 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 Drivex Mobility Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹51.18 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹46.33 Cr | •••• | •••• | •••• | •••• |
| 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 Drivex Mobility Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -84.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -76.2% | •••• | •••• | •••• | •••• |
| 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 Drivex Mobility are in the company report.
Financial statements from FY 2021
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.
Auditor Details of Drivex Mobility Private Limited
Drivex Mobility Private Limited is audited by Sasirekha Vengatesh for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sasirekha Vengatesh | 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.
Board of Directors of Drivex Mobility Private Limited
Drivex Mobility has 6 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Seeplaputhur Ganapathiramaswamy Murali Also directs: Kaynes Technology India Limited, Sundaram Auto Components Limited, Green Infra BTV Limited and 5 more | Director | 30 Apr 2024 | 2 Years 5 Months | Current |
| Hormazd Soli Sorabjee Also directs: Motowalks Technologies Private Limited, Aditi Mody Family Private Limited, Anjali Mody Family Private Limited and 2 more | Director | 24 Feb 2023 | 3 Years 7 Months | Current |
| Gopalan Parthasarathy | Director | 15 Oct 2022 | 3 Years 11 Months | Current |
| Anuraag Agarwal | Director | 15 Oct 2022 | 3 Years 11 Months | Current |
| Kumarramnarain Also directs: Nkars Online Private Limited | Director | 09 Sep 2020 | 6 Years 0 Months | Current |
| Sharad Mohan Mishra | Director | 28 Oct 2022 | 3 Years 11 Months | Current |
Ownership and Shareholding of Drivex Mobility Private 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 Drivex Mobility Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Apr 2025 | Others | ₹25 Cr | Open |
| 29 Apr 2025 | Others | ₹1 Cr | Open |
| 18 Dec 2023 | Others | ₹45 Cr | Open |
| 11 Aug 2023 | Others | ₹20 Cr | Open |
| 12 Aug 2024 | Axis Bank Limited | ₹5 Cr | Satisfied |
Total charge records: 6 View all charges
Deals & Funding of Drivex Mobility Private Limited
Drivex Mobility Private Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹88.58 Cr; the latest was in December 2024.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2024 | Secondary share transfer | Undisclosed | Buyer: TVS Motor Company Limited |
| Oct 2022 | Funding round | ₹87.08 Cr | Investors: TVS Motor Company Limited , TVS Motor Foundation, Harulika Ventures LLP |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2022 | Funding round | ₹1.5 Cr | Investors: 4 individuals |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Nkars Online Private Limited |
Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Drivex Mobility Private Limited
Drivex Mobility Private Limited has 5 court cases on record: 5 filed by Drivex Mobility. 2 cases are pending and 3 are disposed. Status as checked on 21 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 2 |
Cases on record (3 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Keerthan Ventures | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Keerthan Ventures | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Drivex Mobility Private Limited
Drivex Mobility Private Limited has a workforce of 139 employees as of Apr 04, 2024.
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 Drivex Mobility Private Limited
Drivex Mobility Private Limited has 19 board changes on record since 2020: 7 appointments and 12 cessations. The latest: Anurag Malempati ceased to be Additional Director on 31 Jul 2024.
20 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Drivex Mobility Private 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 Drivex Mobility Private 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 Drivex Mobility Private 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 Drivex Mobility Private Limited
Drivex Mobility has 9 GST registrations: 3 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCN9242A1ZS | Tamil Nadu | Active | 26 May 2020 |
| 29AAGCN9242A1ZH | Karnataka | Active | 17 Mar 2021 |
| 34AAGCN9242A1ZQ | Puducherry | Active | 15 Apr 2024 |
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 Drivex Mobility Private 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 Drivex Mobility Private Limited
Drivex Mobility is an active private limited company based in Coimbatore, Tamil Nadu, India. The company works in online automotive platforms, within the e-commerce industry. It was incorporated on 01 April 2020 (6+ years old) and is registered under CIN U63040TZ2020PTC033680.
Drivex Mobility reported revenue of ₹60.81 Cr for FY 2025 (up 66% YoY).
Drivex Mobility has 6 current directors:
- Seeplaputhur Ganapathiramaswamy Murali - Director
- Hormazd Soli Sorabjee - Director
- Gopalan Parthasarathy - Director
- Anuraag Agarwal - Director
- Kumarramnarain - Director
- Sharad Mohan Mishra - Director
Drivex Mobility reported a net loss of ₹46.33 Cr (net margin -76.2%) and EBITDA of -₹51.18 Cr (EBITDA margin -84.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Drivex Mobility is 92% over three years. In the latest year (FY 2025) revenue rose 66%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Drivex Mobility is 33AAGCN9242A1ZS, registered in Tamil Nadu. The company has 9 GST registrations in all, of which 3 are active and 6 are cancelled or inactive. Other active GSTINs include 29AAGCN9242A1ZH (Karnataka), 34AAGCN9242A1ZQ (Puducherry).
The CIN (Corporate Identification Number) of Drivex Mobility is U63040TZ2020PTC033680. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Drivex Mobility has 5 court cases on record: 5 filed by the company. 2 are pending.
Drivex Mobility was incorporated on 01 April 2020, making it 6+ years old. It is registered with the Registrar of Companies, Coimbatore.
Drivex Mobility has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹88.58 Cr; the latest was in December 2024.