About Fifth Gear Ventures Limited
Data last updated:
Fifth Gear Ventures Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Mahindra First Choice Wheels Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the advertising and market research segment of the business services sector. It was incorporated on 01 September 2015.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2015PLC357932. Its GSTIN is 27AACCF6404G1C6 (Maharashtra). The company held 3 GST registrations, all of them active.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹33.74 Lakh. It was led by directors including Amit Kumar Sinha and Anupam Thareja.
Its last annual general meeting (AGM) was held on 26 July 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹29.56 Cr, a decline of 53% compared to the previous year. For the same year it recorded a net loss of ₹13.98 Cr (net margin -47.3%) and EBITDA of -₹10.68 Cr (EBITDA margin -36.1%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 39% over five years.
The company had about 55 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Carandbike. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it. The company has 8 deals on record (4 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹16.6 Cr; the latest was in July 2024. The company has 4 MSME Form 1 returns on record between 2019 and 2023, listing 15 overdue payments to 4 micro and small suppliers.
The last known website on record is carandbike.com.
Company details
CIN history
Fifth Gear Ventures has one previous CIN (Corporate Identification Number): U74999DL2015PLC284756. The current CIN is U74999MH2015PLC357932, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH2015PLC357932 | Current |
| U74999DL2015PLC284756 | Previous |
Contact details
Fifth Gear Ventures Limited's registered office is in Mumbai, Maharashtra. Its website is carandbike.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMahindra Towers, P K Kurne Chowk Worli, Mumbai, Maharashtra, India – 400018
- IndustryBusiness Services, Advertising And Market Research
To see the full contact details of Fifth Gear Ventures Limited, buy the company report.
- 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
Brands
Fifth Gear Ventures operates one associated brand: Carandbike. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online auto portal for buying/selling and new car research | carandbike.com |
Business activity
The main business activities of Fifth Gear Ventures are professional, scientific and technical, information and communication and trade. 4 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M6 | Advertising and market research | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | |
| J | Information and communication | J3 | Motion picture, video and television programme production, sound recording and music publishing activities | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Fifth Gear Ventures Limited, buy the company report.
Financials of Fifth Gear Ventures Limited
FY 2024 filings availableFifth Gear Ventures Limited reported revenue of ₹29.56 Cr (down 53% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 53% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 39%. EBITDA rose 54% 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 |
|---|---|---|---|---|---|
| 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 | -₹10.68 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹13.98 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -36.1% | ||||
| Net Profit Margin | -47.3% | ||||
| 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 Fifth Gear Ventures Limited, buy the company report.
Board of directors of Fifth Gear Ventures Limited
Fifth Gear Ventures has 3 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Kumar Sinha Also directs: Mahindra First Choice Wheels Limited, Mahindra Lifespace Developers Limited, Mahindra Blossom Developers Limited and 5 more | Director | 01 May 2024 | 2 Years 6 Months | As last reported |
| Anupam Thareja Also directs: Phi Capital Solutions LLP, Phi Capital Management LLP, Phi Capital Services LLP and 5 more | Director | 24 Jan 2020 | 6 Years 9 Months | As last reported |
| Anita Anant Halbe | Director | 17 May 2024 | 2 Years 5 Months | As last reported |
Auditor
Fifth Gear Ventures Limited is audited by B S R & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Fifth Gear Ventures 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 Fifth Gear Ventures Limited, buy the company report.
Deals & funding
Fifth Gear Ventures Limited has 8 deals on record (4 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹16.6 Cr; the latest was in July 2024.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Rights issue | ₹66 Cr | Investors: Mahindra First Choice Wheels Limited |
| Oct 2020 | Rights issue | ₹5 Cr | Investors: Mahindra First Choice Wheels Limited |
| Jan 2020 | Secondary share transfer | Undisclosed | Buyer: Mahindra First Choice Wheels Limited , Mahindra First Choice Wheels Limited & Feroze Hoshang Baria, Mahindra First Choice Wheels Limited & Anita Anant Seller: Autobyte Private Limited , NDTV Convergence Limited , New Delhi Television Limited |
| Jul 2018 | Funding round | ₹2.07 Cr | Investors: Autobyte Private Limited , 2 individuals |
| Oct 2017 | Funding round | ₹2.48 Cr | Investors: Autobyte Private Limited |
To see the full deal history of Fifth Gear Ventures 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
Fifth Gear Ventures Limited has 3 court cases on record: 1 filed by Fifth Gear Ventures, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Execution petition | Filed against the company by Collegedunia Web Pvt Ltd | Disposed |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed against the company by Collegedunia Web Private Limited and 1 other | Disposed |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Fifth Gear Ventures 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
Fifth Gear Ventures Limited has 4 MSME Form 1 returns on record between 2019 and 2023, listing 15 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Hostin Services Private Limited | |||
| Talent Maximus India Private Limited | |||
| C-Quel Management Services Private Limited | |||
| Fifth Gear Ventures Limited |
To see the full MSME payment records of Fifth Gear Ventures Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Fifth Gear Ventures Limited has a workforce of 55 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Fifth Gear Ventures has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCF6404G1C6 | Maharashtra | Active | 19 Dec 2020 |
| 27AACCF6404G1ZV | Maharashtra | Active | 08 May 2021 |
| 07AACCF6404G1ZX | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Fifth Gear Ventures Limited, buy the company report.
Recent activity
Fifth Gear Ventures Limited has 21 board changes on record since 2016: 3 appointments and 18 cessations. The latest: Anita Anant Halbe ceased to be Additional Director on 25 Jul 2024.
12 earlier events are in the company report.
News
Frequently asked questions
Fifth Gear Ventures has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Fifth Gear Ventures was a public limited company based in Mumbai, Maharashtra, India. The company worked in advertising and market research, within the business services industry. It was incorporated on 01 September 2015 and is registered under CIN U74999MH2015PLC357932. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Fifth Gear Ventures was incorporated on 01 September 2015. It is registered with the Registrar of Companies, Mumbai.
Fifth Gear Ventures had 3 directors:
- Amit Kumar Sinha - Director
- Anupam Thareja - Director
- Anita Anant Halbe - Director
The CIN (Corporate Identification Number) of Fifth Gear Ventures is U74999MH2015PLC357932. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Fifth Gear Ventures is at Mahindra Towers, P K Kurne Chowk Worli, Mumbai, Maharashtra, India – 400018.
Fifth Gear Ventures can be reached through the website carandbike.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Fifth Gear Ventures on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 July 2024. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Fifth Gear Ventures is 27AACCF6404G1C6, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AACCF6404G1ZV (Maharashtra), 07AACCF6404G1ZX (Delhi).
Fifth Gear Ventures operated in the business services industry, in the advertising and market research segment.
Fifth Gear Ventures has 8 deals on record (4 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹16.6 Cr; the latest was in July 2024.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
