MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-KR-03-0039655
Elite Vehicles Private Limited - automotive in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹2.7 Cr
▼ 76% YoY
Net loss · FY 2023
₹21.81 Lakh
Net margin -8.1%
EBITDA · FY 2023
-₹19.75 Lakh
EBITDA margin -7.3%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹8.9 Cr
Issued & subscribed
Satisfied charges
₹37 Cr
No open charges
Company age
16 yrs
Est. 2010
Employees · EPFO
47
Provident fund records
About Elite Vehicles Private Limited
Data last updated:
Elite Vehicles Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 03 December 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U50400KA2010PTC056126. Its GSTIN is 29AACCE7777P2ZM (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹8.9 Cr. It is led by directors Sonia Singh and Gurjit Singh.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No.40 Prestige Tudor Court Lavelle Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.7 Cr, a decline of 76% compared to the previous year. For the same year it recorded a net loss of ₹21.81 Lakh (net margin -8.1%) and EBITDA of -₹19.75 Lakh (EBITDA margin -7.3%). Revenue has declined at a compounded annual rate (CAGR) of 61% over three years and 44% over five years.
The company has about 47 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹37 Cr on record. Court records list 7 cases involving the company, including 1 filed by the company and 6 filed against it.
Elite Vehicles Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0039655). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website eliteford.co.in.
Company details
CIN U50400KA2010PTC056126
Registration Number 056126
Incorporation Date 03 December 2010
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0039655
Key People
Sonia Singh Director Gurjit Singh Director Recognitions & Rankings of Elite Vehicles
Contact details
Elite Vehicles Private Limited's registered office is in Bangalore, Karnataka. Its website is eliteford.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.40 Prestige Tudor Court Lavelle Road, Bangalore, Karnataka, India – 560001
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Elite Vehicles Private Limited, buy the company report.
Comprehensive company report
Elite Vehicles 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Elite Vehicles 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 Elite Vehicles Private Limited, buy the company report.
Financials of Elite Vehicles Private Limited
FY 2023 filings availableElite Vehicles Private Limited reported revenue of ₹2.7 Cr (down 76% YoY) for FY 2023.
Revenue · FY 2023
₹2.7 Cr ▼ 76%
Net loss · FY 2023
₹21.81 Lakh margin -8.1%
EBITDA · FY 2023
-₹19.75 Lakh margin -7.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 76%
3 years · compounded
▼ 61%
5 years · compounded
▼ 44%
EBITDA CAGR growth
1 year
▼ 116%
3 years · compounded
▼ 28%
5 years · compounded
▼ 16%
Revenue has declined at a compounded annual rate (CAGR) of 44% over five years, including a 76% fall in the latest year. EBITDA fell 116% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | -₹19.75 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹21.81 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -7.3% | ||||
| Net Profit Margin | -8.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
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To see the full financial statements and ratios of Elite Vehicles Private Limited, buy the company report.
Board of directors of Elite Vehicles Private Limited
Elite Vehicles has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sonia Singh Also directs: Elite Motors Private Limited, Elite Automobiles Private Limited | Director | 03 Dec 2010 | 15 Years 10 Months | Current |
| Gurjit Singh Also directs: Aiconic Automobiles Private Limited, Elite Motocraft Private Limited, Elite Motors Private Limited and 1 more | Director | 03 Dec 2010 | 15 Years 10 Months | Current |
Shareholding
The shareholding of Elite Vehicles Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Elite Vehicles Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹37 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Jun 2015 | 10574557 | Others | ₹23 Cr | Satisfied | |
| 16 Mar 2011 | 10284474 | Bank of India | ₹14 Cr | Satisfied |
To see the full charge records of Elite Vehicles Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Elite Vehicles Private Limited has 7 court cases on record: 1 filed by Elite Vehicles, 6 filed against it. All cases are disposed.
Total cases
7
Filed by the company
1
Filed against the company
6
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed against the company by M/S Yes Group | Disposed |
| High Court | Interim or miscellaneous application | Filed by the company against individuals | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M/S Yes Group | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S Yes Group | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Elite Vehicles Private Limited, buy the company report.
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.
Credit ratings & regulatory alerts
Elite Vehicles Private Limited was last rated by Crisil on 15 Nov 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 15 Nov 2019 |
To see the full credit ratings and regulatory alerts of Elite Vehicles Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Elite Vehicles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Elite Vehicles Private Limited has a workforce of 47 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
47
Active EPFO establishments
1
Employee growth
-18.97%
GST
Elite Vehicles has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCE7777P2ZM | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Elite Vehicles Private Limited, buy the company report.
Recent activity
Elite Vehicles Private Limited has 2 board changes on record since 2010: 2 appointments. The latest: Gurjit Singh was appointed as Director on 03 Dec 2010.
AGM
Elite Vehicles Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Elite Vehicles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Charges
A charge registered on 17 Jun 2015 via Charge ID 10574557 with Others was fully satisfied on 10 Nov 2021.
Charges
A charge with Others of Rs. 23.00 Cr registered on 17 Jun 2015 with Charge ID 10574557 was modified on 02 May 2016.
Charges
A charge registered on 16 Mar 2011 via Charge ID 10284474 with Bank Of India was fully satisfied on 12 Aug 2015.
Charges
A charge with Others amounted to Rs. 23.00 Cr with Charge ID 10574557 was registered on 17 Jun 2015.
Charges
A charge with Bank Of India amounted to Rs. 14.00 Cr with Charge ID 10284474 was registered on 16 Mar 2011.
Appointed
Gurjit Singh was appointed as Director.
Appointed
Sonia Singh was appointed as Director.
Incorporation
03 Dec 2010
Elite Vehicles Private Limited was registered on 03 Dec 2010 with Roc Bangalore & aged 15 years 10 months as per MCA records.
Frequently asked questions
Elite Vehicles 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 03 December 2010 (16+ years old) and is registered under CIN U50400KA2010PTC056126.
Elite Vehicles has 2 current directors:
- Sonia Singh - Director
- Gurjit Singh - Director
The latest financial statements of Elite Vehicles on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Elite Vehicles is 29AACCE7777P2ZM, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Elite Vehicles is U50400KA2010PTC056126. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elite Vehicles has 7 court cases on record: 1 filed by the company and 6 filed against it. Most are in the district courts.
Elite Vehicles was incorporated on 03 December 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
Gurjit Singh was appointed as Director on 03 Dec 2010. Sonia Singh was appointed as Director on 03 Dec 2010.
Yes, Elite Vehicles is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0039655).
Elite Vehicles can be reached through the website eliteford.co.in. Its registered office is in Bangalore, Karnataka, India.