India's Richest People 2026 edition · 1 director · Source: Hurun India
- #182 Shrikant Shankar Badve & family ₹19,700 Cr
Revenue · FY 2024
₹270.46 Cr
▲ 11% YoY
Net profit · FY 2024
₹19.52 Cr
Net margin 7.2%
EBITDA · FY 2024
₹59.22 Cr
EBITDA margin 21.9%
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹15.39 Cr
Issued & subscribed
Open charges
₹376.54 Cr
Satisfied ₹977.75 Cr
Company age
16 yrs
Est. 2010
Directors on board
7
As per MCA filings
About Fenace Auto Limited
Data last updated:
Fenace Auto Limited is a public limited company based in Pune, Maharashtra, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 23 November 2010 and has been in existence for over 16 years.
Its director Shrikant Shankar Badve and family are #182 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74900PN2010PLC189092. Its GSTIN is 27AABCF6526G1ZP (Maharashtra). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹15.39 Cr. It is led by directors including Deepak Narayan Mahajan (Managing Director) and Vitthal Jadhav.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Pune, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹270.46 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹19.52 Cr (net margin 7.2%) and EBITDA of ₹59.22 Cr (EBITDA margin 21.9%). Revenue has grown at a compounded annual rate (CAGR) of 43% over three years and 136% over five years.
The company is associated with 2 brands: Belrise Industries and The Badve Group. As per MCA filings, the company has open charges of ₹376.54 Cr and satisfied charges of ₹977.75 Cr on record. Court records list 11 cases involving the company, including 11 filed against it; 3 cases are pending. The company has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹217.79 Cr; the latest was in March 2024. The company has 7 MSME Form 1 returns on record between 2019 and 2023, listing 136 overdue payments to 80 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website badvegroup.com.
Company details
CIN U74900PN2010PLC189092
Registration Number 189092
Incorporation Date 23 November 2010
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
CIN history
Fenace Auto has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74900PN2010PLC189092, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900PN2010PLC189092 | Current |
| U74900DL2010PLC210687 | Previous |
| U29253DL2010PLC210687 | Previous |
Key People
Deepak Narayan Mahajan Managing Director Vitthal Jadhav Director Bhagwantrao Dattajirao More Director Recognitions & Rankings of Fenace Auto
Contact details
Fenace Auto Limited's registered office is in Pune, Maharashtra. Its website is badvegroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOff 201 Tps 1 2nd Floor, Pride Kumar Senate Fp 402, Pune, Maharashtra, India – 411016
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Fenace Auto Limited, buy the company report.
Comprehensive company report
Fenace Auto 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
Fenace Auto operates two associated brands: Belrise Industries and The Badve Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Components for automotive and white goods sectors are manufactured. | belriseindustries.com | |
| Manufacturing of automotive components and white goods in India. | badvegroup.com |
Business activity
The main business activity of Fenace Auto is manufacturing. In detail, this covers repair & installation of machinery & equipment, motor vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles |
To see the full business activity and turnover split of Fenace Auto Limited, buy the company report.
Financials of Fenace Auto Limited
FY 2024 filings availableFenace Auto Limited reported revenue of ₹270.46 Cr (up 11% YoY) for FY 2024.
Revenue · FY 2024
₹270.46 Cr ▲ 11%
Net profit · FY 2024
₹19.52 Cr margin 7.2%
EBITDA · FY 2024
₹59.22 Cr margin 21.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 11%
3 years · compounded
▲ 43%
5 years · compounded
▲ 136%
EBITDA CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 35%
5 years · compounded
▲ 58%
Revenue has grown at a compounded annual rate (CAGR) of 136% over five years, including 11% growth in the latest year. EBITDA rose 10% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹59.22 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹19.52 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.9% | ||||
| Net Profit Margin | 7.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Fenace Auto Limited, buy the company report.
Board of directors of Fenace Auto Limited
Fenace Auto has 7 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Narayan Mahajan | Managing Director | 25 Mar 2021 | 5 Years 7 Months | Current |
| Vitthal Jadhav Also directs: Blazex Global Supply Chain Private Limited | Director | 16 Mar 2020 | 6 Years 7 Months | Current |
| Bhagwantrao Dattajirao More | Director | 04 May 2020 | 6 Years 5 Months | Current |
| Shrikant Shankar Badve Also directs: Belrise Industries Limited, Shreepriya Stamping and Tooling Private Limited, Swastid Engineering Private Limited and 5 more | Director | 27 Feb 2019 | 7 Years 8 Months | Current |
| Ashok Vishnu Tagare Also directs: Belrise Industries Limited | Director | 27 Feb 2019 | 7 Years 8 Months | Current |
| Deepak Vasudeo Shikarpur Also directs: Kinetic Communications Limited, Shikarpur Social Foundation | Director | 23 May 2022 | 4 Years 5 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Fenace Auto Limited is audited by M/s. Ashok Patil & Associates., Chartered Accountants for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s. Ashok Patil & Associates., Chartered Accountants | FY 2023 | 122045W |
Shareholding
The shareholding of Fenace Auto 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 Fenace Auto Limited, buy the company report.
Charges & borrowings
Open charges
₹376.54 Cr
Satisfied charges
₹977.75 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Mar 2022 | 100549307 | Others | ₹49.25 Cr | Open | |
| 17 Sep 2019 | 100290966 | Others | ₹177.29 Cr | Open | |
| 31 May 2019 | 100268189 | Others | ₹130 Cr | Open | |
| 13 Mar 2019 | 100267513 | Idbi Trusteeship Services Limited | ₹20 Cr | Open | |
| 11 Mar 2019 | 100259868 | Others | ₹75 Cr | Satisfied |
To see the full charge records of Fenace Auto Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Fenace Auto Limited has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹217.79 Cr; the latest was in March 2024.
Total deals
8
Secondary share transfers
5
Funding rounds
3
Disclosed funding
₹217.79 Cr
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Badve Autotech Private Limited , 3 individuals Seller: V S Ispat Private Limited , Hindkush Leasing and Finance Private Limited , Singham Iron and Steel Private Limited , an individual |
| Mar 2014 | Funding round | ₹93 Cr | Investors: Hindkush Leasing and Finance Private Limited , Active Advertising & Multimedia Private Limited , Dwarka Buildcon Private Limited. |
| Sep 2013 | Secondary share transfer | Undisclosed | Buyer: V S Ispat Private Limited , Hindkush Leasing and Finance Private Limited , 2 individuals Seller: 4 individuals |
| Nov 2011 | Funding round | ₹113 Cr | Investors: Lotus Auto Engineering Limited , Reformss Industries Private Limited |
To see the full deal history of Fenace Auto Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Fenace Auto Limited has 11 court cases on record: 11 filed against it. 3 cases are pending and 8 are disposed.
Total cases
11
Filed against the company
11
Pending
3
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 9 | 3 |
| NCLAT | 2 | 2 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Lalwani Metallics Pvt. Ltd. Throughhrishikesh Kapre | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Vesuvius India Ltd and 7 others | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by Elkem South Asia Pvt. Ltd. | Disposed |
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed against the company by Ask Chemicals India Pvt Ltd Through Ghanshaym Yashwant Dhumal | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by M/S Oriental Rubber Industries Pvt. Ltd. Through Deepak Chakre | Disposed |
To see the full case history of Fenace Auto 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.
MSME payment delays
Fenace Auto Limited has 7 MSME Form 1 returns on record between 2019 and 2023, listing 136 overdue payments to 80 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 80)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| New India Electricals | |||
| an individual supplier | |||
| an individual supplier | |||
| Apex Enterprises | |||
| an individual supplier |
To see the full MSME payment records of Fenace Auto Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Fenace Auto has 4 GST registrations: 2 active and 2 cancelled or inactive.
Total GSTINs
4
Active
2
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCF6526G1ZP | Maharashtra | Active | 01 Jul 2017 |
| 27AABCF6526G1DY | Maharashtra | Active | 09 Dec 2024 |
To see the full GST registrations and return filing status of Fenace Auto Limited, buy the company report.
Recent activity
Fenace Auto Limited has 25 board changes on record since 2013: 7 appointments and 18 cessations. The latest: Krishna Ramchandra Bheed ceased to be CFO on 30 Sep 2022.
Charges
A charge with Others of Rs. 177.29 Cr registered on 17 Sep 2019 with Charge ID 100290966 was modified on 24 Oct 2024.
Charges
A charge registered on 11 Mar 2019 via Charge ID 100259868 with Others was fully satisfied on 04 Oct 2024.
AGM
Fenace Auto Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
Filing
Fenace Auto Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Ceased
Krishna Ramchandra Bheed ceased to be CFO.
Charges
A charge with Others of Rs. 49.25 Cr registered on 25 Mar 2022 with Charge ID 100549307 was modified on 28 Sep 2022.
Charges
A charge with Idbi Trusteeship Services Limited of Rs. 20.00 Cr registered on 13 Mar 2019 with Charge ID 100267513 was modified on 14 Sep 2022.
Appointed
Deepak Vasudeo Shikarpur was appointed as Director.
Charges
A charge with Others amounted to Rs. 49.25 Cr with Charge ID 100549307 was registered on 25 Mar 2022.
Appointed
Deepak Narayan Mahajan was appointed as Managing Director.
Ceased
Deepak Narayan Mahajan ceased to be Additional Director.
Ceased
Bhagwantrao Dattajirao More ceased to be Additional Director.
47 earlier events are in the company report.
Frequently asked questions
Fenace Auto is an active public limited company based in Pune, Maharashtra, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 23 November 2010 (16+ years old) and is registered under CIN U74900PN2010PLC189092.
Fenace Auto has 7 current directors:
- Deepak Narayan Mahajan - Managing Director
- Vitthal Jadhav - Director
- Bhagwantrao Dattajirao More - Director
- Shrikant Shankar Badve - Director
- Ashok Vishnu Tagare - Director
- Deepak Vasudeo Shikarpur - Director
- Supriya Shrikant Badve - Director
The latest financial statements of Fenace Auto on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Fenace Auto is 27AABCF6526G1ZP, registered in Maharashtra. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 27AABCF6526G1DY (Maharashtra).
The CIN (Corporate Identification Number) of Fenace Auto is U74900PN2010PLC189092. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fenace Auto has 11 court cases on record: 11 filed against it. 3 are pending. Most are in the district courts.
Fenace Auto was incorporated on 23 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Pune.
Fenace Auto has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹217.79 Cr; the latest was in March 2024.
Krishna Ramchandra Bheed ceased to be CFO on 30 Sep 2022. Deepak Vasudeo Shikarpur was appointed as Director on 23 May 2022. Deepak Narayan Mahajan was appointed as Managing Director on 25 Mar 2021. Fenace Auto has 25 board changes on record in total.
Fenace Auto has 7 MSME Form 1 returns on record between 2019 and 2023, listing 136 overdue payments to 80 micro and small suppliers. The latest return was filed on 04 Oct 2023.
Fenace Auto can be reached through the website badvegroup.com. Its registered office is in Pune, Maharashtra, India.