Euler Motors Private Limited

Euler Motors Private Limited - automotive in New Delhi, Delhi, India. FY 2026 financials & compliance.
CIN U72900DL2015PTC275513 Incorporated 15 January 2015 ROC Delhi HQ New Delhi, Delhi, India
Active Private Limited Company automotive MSME · Medium
Data last updated
Revenue · FY 2026
₹432.96 Cr
▲ 101% YoY
Net loss · FY 2026
₹314.75 Cr
Net margin -72.7%
EBITDA · FY 2026
-₹227.6 Cr
EBITDA margin -52.6%
Authorised capital
₹30.51 Cr
Registered with MCA
Paid-up capital
₹20.09 Cr
Issued & subscribed
Open charges
₹474 Cr
Satisfied ₹195 Cr
Company age
11 yrs
Est. 2015
Employees · EPFO
447
Provident fund records

About Euler Motors Private Limited

Data last updated:

Euler Motors Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 15 January 2015 and has been in existence for over 11 years.

The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72900DL2015PTC275513. Its GSTIN is 07AAFCC9003K1ZN (Delhi). The company holds 21 GST registrations, of which 20 are active.

The company has an authorised share capital of ₹30.51 Cr and a paid-up capital of ₹20.09 Cr. It was formerly known as Greyradar Private Limited and Cube26 Automotive Research Private Limited. It is led by directors including Saurav Kumar and Gaurav Kumar.

Its last annual general meeting (AGM) was held on 01 May 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at B – 99 Second Floor Panchsheel Vihar, New Delhi, Delhi, India – 110017.

As per the financials filed for FY 2026, the company reported a revenue of ₹432.96 Cr, a growth of 101% compared to the previous year. For the same year it recorded a net loss of ₹314.75 Cr (net margin -72.7%) and EBITDA of -₹227.6 Cr (EBITDA margin -52.6%). Revenue has grown at a compounded annual rate (CAGR) of 88% over three years and 108% over five years.

The company has about 447 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 1 brand: Euler Motors. As per MCA filings, the company has open charges of ₹474 Cr and satisfied charges of ₹195 Cr on record. Court records list 34 cases involving the company, including 5 filed by the company and 29 filed against it; 12 cases are pending. The company has 35 deals on record (21 funding rounds, 10 debt financings, 4 convertible or debt financings), with disclosed funding of ₹2,302.79 Cr; the latest was in April 2026. Its 6 peer companies in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles) are compared by revenue, 3 larger and 3 smaller; the largest is Pinnacle Mobility Solutions Private Limited with revenue of ₹242.22 Cr. The company has 17 MSME Form 1 returns on record between 2020 and 2024, listing 428 overdue payments to 115 micro and small suppliers.

Euler Motors Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-08-0016618). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website eulermotors.com.

Company details

CIN U72900DL2015PTC275513
Registration Number 275513
Incorporation Date 15 January 2015
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 01 May 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-DL-08-0016618

Name history

Euler Motors has undergone 2 name changes throughout its history. The company was previously known as Greyradar Private Limited, and Cube26 Automotive Research Private Limited. The current legal name is Euler Motors Private Limited.

Company NameStatus
Euler Motors Private LimitedCurrent
Greyradar Private LimitedPrevious
Cube26 Automotive Research Private LimitedPrevious
Key People
Saurav Kumar Director Gaurav Kumar Director Kausalya Nandakumar Nominee Director

Recognitions & Rankings of Euler Motors

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-DL-08-0016618

Contact details

Euler Motors Private Limited's registered office is in New Delhi, Delhi. Its website is eulermotors.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    eulermotors.com
  • Social Media
  • Registered Address
    B – 99 Second Floor Panchsheel Vihar, New Delhi, Delhi, India – 110017
  • Industry
    Automotive, Electrical and Bio Fuel Vehicles

To see the full contact details of Euler Motors Private Limited, buy the company report.

Comprehensive company report
Euler Motors 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

Euler Motors operates one associated brand: Euler Motors. Each brand links to its own profile.

BrandDescriptionWebsite
Euler Motors
All-electric commercial vehicles and fleet management tools are offered.eulermotors.com

Business activity

The main business activities of Euler Motors are manufacturing and support service to organizations. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles and rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC11Motor vehicles, trailers, semi trailers and other Transport Vehicles
NSupport service to OrganizationsN1Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities

To see the full business activity and turnover split of Euler Motors Private Limited, buy the company report.

Financials of Euler Motors Private Limited

FY 2026 filings available

Euler Motors Private Limited reported revenue of ₹432.96 Cr (up 101% YoY) for FY 2026.

Revenue · FY 2026
₹432.96 Cr ▲ 101%
Net loss · FY 2026
₹314.75 Cr margin -72.7%
EBITDA · FY 2026
-₹227.6 Cr margin -52.6%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 101%
3 years · compounded
▲ 88%
5 years · compounded
▲ 108%
EBITDA CAGR growth
1 year
▼ 15%
3 years · compounded
▼ 15%
5 years · compounded
▼ 75%

Revenue has grown at a compounded annual rate (CAGR) of 108% over five years, including 101% growth in the latest year. EBITDA fell 15% 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 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
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-₹227.6 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹314.75 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

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Profitability
EBITDA Margin-52.6%
Net Profit Margin-72.7%
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 Euler Motors Private Limited, buy the company report.

Board of directors of Euler Motors Private Limited

Euler Motors has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Saurav KumarDirector15 Jan 201511 Years 9 MonthsCurrent
Gaurav KumarDirector15 Jan 201511 Years 9 MonthsCurrent
Kausalya NandakumarNominee Director31 Oct 20251 Years 0 MonthsCurrent
Aayush ParwalNominee Director29 Apr 20260 Years 6 MonthsCurrent
View all directors

Peer comparison

Euler Motors Private Limited is compared with the 6 companies closest to it by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles), 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
Euler Motors Private Limitedthis company₹432.96 Cr (FY 2026)-₹314.75 Cr-72.7%101.0%447New Delhi, Delhi, India
Pinnacle Mobility Solutions Private Limited₹242.22 Cr (FY 2025)335.0%Pune, Maharashtra, India
Bgauss Auto Private Limited₹238.88 Cr (FY 2025)34.0%Mumbai, Maharashtra, India
Kinetic Green Energy and Power Solutions Limited₹220.32 Cr (FY 2025)-25.0%Pune, Maharashtra, India
Tunwal E-Motors Limited₹184.87 Cr (FY 2025)75.0%Pune, Maharashtra, India
Ipltech Electric Private Limited₹182.73 Cr (FY 2025)432.0%Gurgaon, Haryana, India
Zelio E-Mobility Limited₹173.8 Cr (FY 2025)83.0%Hisar, Haryana, India

To see the full peer comparison of Euler Motors Private Limited, buy the company report.

Auditor

Euler Motors Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2025.

Auditor firmFinancial yearFirm registration number
Walker Chandiok & Co LLPFY 2025001076N/N500013

Shareholding

The shareholding of Euler Motors Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2025FY 2024FY 2023FY 2022FY 2021
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Euler Motors Private Limited, buy the company report.

Charges & borrowings

Open charges
₹474 Cr
Satisfied charges
₹195 Cr
Breakdown by lending institutions
Others₹462.00 Cr
Hdfc Bank Limited₹12.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Sep 2026101411348Others₹30 CrOpen
20 Feb 2026101262720Others₹70 CrOpen
20 Feb 2026101385627Others₹75 CrOpen
18 Feb 2026101264576Others₹30 CrOpen
18 Feb 2026101264577Others₹75 CrOpen

To see the full charge records of Euler Motors Private Limited, buy the company report.

Total charge records: 27 View all charges

Deals & funding

Euler Motors Private Limited has 35 deals on record (21 funding rounds, 10 debt financings, 4 convertible or debt financings), with disclosed funding of ₹2,302.79 Cr; the latest was in April 2026.

Total deals
35
Funding rounds
21
Debt financings
10
Convertible or debt financings
4
Disclosed funding
₹2,302.79 Cr

Deals on record (5 of 35)

WhenDealAmountParties
Apr 2026Debt financing₹40 CrInvestors: Trifecta Capital
Mar 2026Funding round · Series E₹437.5 CrInvestors: Lightrock India (LGT Lightstone Aspada), Hero Motocorp Limited , Blume Ventures
Feb 2026Debt financing₹210 CrInvestors: InnoVen Capital, Blacksoil Group, Alteria Capital
May 2025Funding round · Series D₹638 CrInvestors: Hero Motocorp Limited , British International Investment (CDC Group), GIC Singapore
Oct 2022Funding round · Series C₹238.3 CrInvestors: GIC Singapore, Havells Family Office, ADB Ventures

To see the full deal history of Euler Motors Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Euler Motors Private Limited has 17 MSME Form 1 returns on record between 2020 and 2024, listing 428 overdue payments to 115 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 115)

SupplierAmount dueDue sinceReported on
Mangla Tubes Private Limited
Sai Associates
D M Auto Industries
Arvindo Fabnoplast Pvt Ltd
D & S Component

To see the full MSME payment records of Euler Motors Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Euler Motors has 1 subsidiary company. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Evongo Mobility Private LimitedU63030HR2021PTC095806

To see the full group structure of Euler Motors Private Limited, buy the company report.

Employees & EPFO

Euler Motors Private Limited has a workforce of 447 employees on its EPFO records as of Sep 25, 2025, across 1 active EPFO establishment.

Employee count
447
Active EPFO establishments
1
Employee growth
10.64%

GST

Euler Motors has 21 GST registrations: 20 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
21
Active
20
Cancelled / inactive
1
GSTINStateStatusRegistered on
07AAFCC9003K1ZNDelhiActive01 Jul 2017
07AAFCC9003K2ZMDelhiActive01 Dec 2022
06AAFCC9003K1ZPHaryanaActive01 Nov 2018
27AAFCC9003K1ZLMaharashtraActive24 Aug 2020

To see the full GST registrations and return filing status of Euler Motors Private Limited, buy the company report.

Recent activity

Euler Motors Private Limited has 8 board changes on record since 2015: 5 appointments and 3 cessations. The latest: Aayush Parwal was appointed as Nominee Director on 29 Apr 2026.

Charges
A charge with Others amounted to Rs. 30.00 Cr with Charge ID 101411348 was registered on 30 Sep 2026.
AGM
Euler Motors Private Limited last Annual general meeting of members was held on 01 May 2026 as per latest MCA records.
Appointed
Aayush Parwal was appointed as Nominee Director.
Charges
A charge registered on 28 Feb 2024 via Charge ID 100942980 with Others was fully satisfied on 17 Apr 2026.
Charges
A charge with Others of Rs. 70.00 Cr registered on 20 Feb 2026 with Charge ID 101262720 was modified on 07 Apr 2026.
Filing
Euler Motors Private Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Delhi I.
Charges
A charge registered on 14 Feb 2023 via Charge ID 100677021 with Others was fully satisfied on 06 Mar 2026.
Charges
A charge registered on 31 Jan 2024 via Charge ID 100911689 with Others was fully satisfied on 27 Feb 2026.
Charges
A charge with Others amounted to Rs. 75.00 Cr with Charge ID 101385627 was registered on 20 Feb 2026.
Charges
A charge with Others amounted to Rs. 70.00 Cr with Charge ID 101262720 was registered on 20 Feb 2026.
Charges
A charge with Others amounted to Rs. 30.00 Cr with Charge ID 101264576 was registered on 18 Feb 2026.
Charges
A charge with Others amounted to Rs. 75.00 Cr with Charge ID 101264577 was registered on 18 Feb 2026.

52 earlier events are in the company report.

News

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Frequently asked questions

Euler Motors is an active private limited company based in New Delhi, Delhi, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 15 January 2015 (11+ years old) and is registered under CIN U72900DL2015PTC275513.

Euler Motors has 4 current directors:

The latest financial statements of Euler Motors on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 01 May 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Euler Motors is 07AAFCC9003K1ZN, registered in Delhi. The company has 21 GST registrations in all, of which 20 are active and 1 is cancelled or inactive. Other active GSTINs include 07AAFCC9003K2ZM (Delhi), 06AAFCC9003K1ZP (Haryana), 27AAFCC9003K1ZL (Maharashtra).

The CIN (Corporate Identification Number) of Euler Motors is U72900DL2015PTC275513. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Euler Motors has 34 court cases on record: 5 filed by the company and 29 filed against it. 12 are pending. Most are in the district courts.

Euler Motors was incorporated on 15 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Delhi.

Euler Motors has 35 deals on record (21 funding rounds, 10 debt financings, 4 convertible or debt financings), with disclosed funding of ₹2,302.79 Cr; the latest was in April 2026.

The peers of Euler Motors by revenue are Pinnacle Mobility Solutions Private Limited, Bgauss Auto Private Limited, Kinetic Green Energy and Power Solutions Limited, Tunwal E-Motors Limited, Ipltech Electric Private Limited and 1 more, all in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles).

Aayush Parwal was appointed as Nominee Director on 29 Apr 2026. Kausalya Nandakumar was appointed as Nominee Director on 31 Oct 2025. Ashish Agarwal ceased to be Nominee Director on 18 Sep 2025. Euler Motors has 8 board changes on record in total.

Yes, Euler Motors is registered as a medium enterprise under Udyam registration (number: UDYAM-DL-08-0016618).

Euler Motors has 17 MSME Form 1 returns on record between 2020 and 2024, listing 428 overdue payments to 115 micro and small suppliers. The latest return was filed on 29 Apr 2024.