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Elon Motors Engineering Private Limited - automotive in Bhimavaram, Andhra Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹23.97 Lakh
▼ 84% YoY
Net loss · FY 2025
₹1.31 Cr
Latest filing
EBITDA · FY 2025
-₹1.3 Cr
Latest filing
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
6
As per MCA filings
Active GSTINs
1
GST registered
About Elon Motors Engineering Private Limited
Data last updated:
Elon Motors Engineering Private Limited is a private limited company based in Bhimavaram, Andhra Pradesh, India, recognised as a startup by DPIIT. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 05 July 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U34300AP2018PTC108766. Its GSTIN is 24AAFCE1071M1ZP (Gujarat).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Raghuveer Chadalavada and Raghunath Pondey Matta.
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 T – 2 Subhadra Residency Opp E Sava Sriramapuram Bhimavaram Westgodavari(Dt), Andhra Pradesh, India – 534202.
As per the financials filed for FY 2025, the company reported a revenue of ₹23.97 Lakh, a decline of 84% compared to the previous year. For the same year it recorded a net loss of ₹1.31 Cr and EBITDA of -₹1.3 Cr. Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 85% over five years.
The company is associated with 1 brand: Aurita Bikes. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.18 Cr; the latest was in December 2023.
For more details, the company can be reached via its website auritabikes.com.
Company details
CIN U34300AP2018PTC108766
Registration Number 108766
Incorporation Date 05 July 2018
ROC Vijayawada
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
Key People
Raghuveer Chadalavada Director Raghunath Pondey Matta Director Abhijit Mangesh Mane Director Recognitions & Rankings of Elon Motors Engineering
Contact details
Elon Motors Engineering Private Limited's registered office is in Bhimavaram, Andhra Pradesh. Its website is auritabikes.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressT – 2 Subhadra Residency Opp E Sava Sriramapuram Bhimavaram Westgodavari(Dt), Andhra Pradesh, India – 534202
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Elon Motors Engineering Private Limited, buy the company report.
Comprehensive company report
Elon Motors Engineering 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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Brands
Elon Motors Engineering operates one associated brand: Aurita Bikes. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electric cargo and folding bicycles are manufactured by Aurita Bikes. | auritabikes.com |
Business activity
The main business activity of Elon Motors Engineering 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 Elon Motors Engineering Private Limited, buy the company report.
Financials of Elon Motors Engineering Private Limited
FY 2024 filings availableElon Motors Engineering Private Limited reported revenue of ₹23.97 Lakh (down 84% YoY) for FY 2025.
Revenue · FY 2025
₹23.97 Lakh ▼ 84%
Net loss · FY 2025
₹1.31 Cr
EBITDA · FY 2025
-₹1.3 Cr
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 84%
3 years · compounded
▼ 4%
5 years · compounded
▲ 85%
EBITDA CAGR growth
1 year
▼ 72%
3 years · compounded
▼ 42%
5 years · compounded
▼ 263%
Revenue fell 84% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 85%. EBITDA fell 72% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | -₹1.3 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.31 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Elon Motors Engineering Private Limited, buy the company report.
Board of directors of Elon Motors Engineering Private Limited
Elon Motors Engineering has 6 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raghuveer Chadalavada | Director | 05 Jul 2018 | 8 Years 3 Months | Current |
| Raghunath Pondey Matta | Director | 08 Jul 2020 | 6 Years 3 Months | Current |
| Abhijit Mangesh Mane | Director | 08 Jul 2020 | 6 Years 3 Months | Current |
| Keshav Madnani Also directs: Madnani Chemdist Novatec LLP, Primary Healthtech Private Limited | Additional Director | 15 Feb 2024 | 2 Years 8 Months | Current |
| Gaurav Mehrotra Also directs: A2vm Tech Private Limited | Director | 24 Dec 2021 | 4 Years 10 Months | Current |
| Manish Kumar Madnani | Director | 21 Aug 2023 | 3 Years 2 Months | Current |
Auditor
Elon Motors Engineering Private Limited is audited by PRUDHVI R & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRUDHVI R & CO | FY 2023 | 242872 |
Shareholding
The shareholding of Elon Motors Engineering Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Elon Motors Engineering Private Limited, buy the company report.
Deals & funding
Elon Motors Engineering Private Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.18 Cr; the latest was in December 2023.
Total deals
5
Secondary share transfers
3
Funding rounds
2
Disclosed funding
₹1.18 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2023 | Funding round | ₹45.9 Lakh | Investors: 2 individuals |
| Apr 2022 | Funding round | ₹72 Lakh | Investors: Gujarat Foundation for Entrepreneurial Excellence , 3 individuals |
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Feb 2021 | Secondary share transfer | Undisclosed | Buyer: Gujarat Foundation for Entrepreneurial Excellence Seller: an individual |
| Jul 2020 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Elon Motors Engineering Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Elon Motors Engineering Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Elon Motors Engineering has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCE1071M1ZP | Gujarat | Active | 16 Jul 2020 |
To see the full GST registrations and return filing status of Elon Motors Engineering Private Limited, buy the company report.
Recent activity
Elon Motors Engineering Private Limited has 9 board changes on record since 2018: 6 appointments and 3 cessations. The latest: Keshav Madnani was appointed as Additional Director on 15 Feb 2024.
AGM
Elon Motors Engineering Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Elon Motors Engineering Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Vijayawada.
Appointed
Keshav Madnani was appointed as Additional Director.
Ceased
Balaji Prasad Chadalavada ceased to be Director.
Appointed
Manish Kumar Madnani was appointed as Director.
Ceased
Abhijit Mangesh Mane ceased to be Additional Director.
Ceased
Raghunath Pondey Matta ceased to be Additional Director.
Appointed
Gaurav Mehrotra was appointed as Director.
Appointed
Abhijit Mangesh Mane was appointed as Director.
Appointed
Raghunath Pondey Matta was appointed as Director.
Appointed
Raghuveer Chadalavada was appointed as Director.
Incorporation
05 Jul 2018
Elon Motors Engineering Private Limited was registered on 05 Jul 2018 with Roc Vijayawada & aged 8 years 4 months as per MCA records.
Frequently asked questions
Elon Motors Engineering is an active private limited company based in Bhimavaram, Andhra Pradesh, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 05 July 2018 (8+ years old) and is registered under CIN U34300AP2018PTC108766.
Elon Motors Engineering has 6 current directors:
- Raghuveer Chadalavada - Director
- Raghunath Pondey Matta - Director
- Abhijit Mangesh Mane - Director
- Keshav Madnani - Additional Director
- Gaurav Mehrotra - Director
- Manish Kumar Madnani - Director
The latest financial statements of Elon Motors Engineering 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 FY 2019 are in the company report.
The GSTIN of Elon Motors Engineering is 24AAFCE1071M1ZP, registered in Gujarat.
The CIN (Corporate Identification Number) of Elon Motors Engineering is U34300AP2018PTC108766. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elon Motors Engineering was incorporated on 05 July 2018, making it 8+ years old. It is registered with the Registrar of Companies, Vijayawada.
Elon Motors Engineering has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.18 Cr; the latest was in December 2023.
Keshav Madnani was appointed as Additional Director on 15 Feb 2024. Balaji Prasad Chadalavada ceased to be Director on 10 Feb 2024. Manish Kumar Madnani was appointed as Director on 21 Aug 2023. Elon Motors Engineering has 9 board changes on record in total.
Yes, Elon Motors Engineering is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Elon Motors Engineering can be reached through the website auritabikes.com. Its registered office is in Bhimavaram, Andhra Pradesh, India.
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