First Cars Private Limited

First Cars Private Limited - transport and logistics in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U63040MH2008PTC182955 Incorporated 31 May 2008 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company transport and logistics MSME · Medium
Data last updated
Revenue · FY 2025
₹85.15 Cr
▲ 15% YoY
Net profit · FY 2025
₹4.63 Cr
Net margin 5.4%
EBITDA · FY 2025
₹9.46 Cr
EBITDA margin 11.1%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹22.5 Lakh
Issued & subscribed
Open charges
₹22.48 Cr
Satisfied ₹17.06 Cr
Company age
18 yrs
Est. 2008
Employees · EPFO
87
Provident fund records

About First Cars Private Limited

Data last updated:

First Cars Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the ride-hailing services segment of the transport and logistics sector. It was incorporated on 31 May 2008 and has been in existence for over 18 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63040MH2008PTC182955. Its GSTIN is 27AADCC3845K1ZH (Maharashtra). The company holds 7 GST registrations, of which 6 are active.

The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹22.5 Lakh. It was formerly known as Ct Travel Solutions Private Limited. It is led by directors Vikas Satyadeo Banka and Amit Omprakash Hiremath.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 302 Balaji Business Centre Ram Milan Chs Subhas Road Vile Parle (East), Mumbai, Maharashtra, India – 400057.

As per the financials filed for FY 2025, the company reported a revenue of ₹85.15 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹4.63 Cr (net margin 5.4%) and EBITDA of ₹9.46 Cr (EBITDA margin 11.1%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years and 24% over five years.

The company has about 87 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 1 brand: First Cars. As per MCA filings, the company has open charges of ₹22.48 Cr and satisfied charges of ₹17.06 Cr on record. Court records list 18 cases involving the company, including 2 filed by the company and 16 filed against it; 6 cases are pending. The company has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹20 Lakh; the latest was in May 2023. The company has 10 MSME Form 1 returns on record between 2019 and 2022, listing 24 overdue payments to 10 micro and small suppliers.

First Cars Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0005686). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website firstcars.in.

Company details

CIN U63040MH2008PTC182955
Registration Number 182955
Incorporation Date 31 May 2008
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0005686
Key People
Vikas Satyadeo Banka Director Amit Omprakash Hiremath Director

Recognitions & Rankings of First Cars

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-18-0005686

Contact details

First Cars Private Limited's registered office is in Mumbai, Maharashtra. Its website is firstcars.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    firstcars.in
  • Social Media
  • Registered Address
    302 Balaji Business Centre Ram Milan Chs Subhas Road Vile Parle (East), Mumbai, Maharashtra, India – 400057
  • Industry
    Transport and Logistics, Ride-Hailing Services

To see the full contact details of First Cars Private Limited, buy the company report.

Comprehensive company report
First Cars 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

Brands

First Cars operates one associated brand: First Cars. Each brand links to its own profile.

BrandDescriptionWebsite
First Cars
Car rental services for corporate and personal transportation needs in India.firstcars.in

Business activity

The main business activity of First Cars is administrative and support service activities. In detail, this covers rental and leasing activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
NAdministrative and support service activities77Rental and leasing activities

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

Financials of First Cars Private Limited

FY 2025 filings available

First Cars Private Limited reported revenue of ₹85.15 Cr (up 15% YoY) for FY 2025.

Revenue · FY 2025
₹85.15 Cr ▲ 15%
Net profit · FY 2025
₹4.63 Cr margin 5.4%
EBITDA · FY 2025
₹9.46 Cr margin 11.1%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 15%
3 years · compounded
▲ 33%
5 years · compounded
▲ 24%
EBITDA CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 54%
5 years · compounded
▲ 21%

Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 15% growth in the latest year. EBITDA rose 13% 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 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
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₹9.46 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹4.63 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 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin11.1%
Net Profit Margin5.4%
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 First Cars Private Limited, buy the company report.

Board of directors of First Cars Private Limited

First Cars has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Vikas Satyadeo Banka
Also directs: First Residences Private Limited
Director20 Dec 200817 Years 10 MonthsCurrent
Amit Omprakash Hiremath
Also directs: First Residences Private Limited
Director31 May 200818 Years 5 MonthsCurrent
View all directors

Auditor

First Cars Private Limited is audited by S Dayma & Co for the financial year 2024.

Auditor firmFinancial yearFirm registration number
S Dayma & CoFY 2024129986W

Shareholding

The shareholding of First Cars Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2024FY 2023FY 2022FY 2021FY 2020
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of First Cars Private Limited, buy the company report.

Charges & borrowings

Open charges
₹22.48 Cr
Satisfied charges
₹17.06 Cr
Breakdown by lending institutions
Others₹8.80 Cr
The Hongkong and Shanghai Banking Corporation Limited₹5.55 Cr
Bank of India₹4.14 Cr
Axis Bank Limited₹2.10 Cr
Yes Bank Limited₹1.89 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
11 Aug 2025101145574Others₹5.11 CrOpen
27 Mar 2025101076518Axis Bank Limited₹25.01 LakhOpen
25 Mar 2025101075544Axis Bank Limited₹25.01 LakhOpen
24 Mar 2025101075543Axis Bank Limited₹25.01 LakhOpen
20 Mar 2025101075542Axis Bank Limited₹25.01 LakhOpen

To see the full charge records of First Cars Private Limited, buy the company report.

Total charge records: 26 View all charges

Deals & funding

First Cars Private Limited has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹20 Lakh; the latest was in May 2023.

Total deals
4
Secondary share transfers
3
Funding round
1
Disclosed funding
₹20 Lakh

Deals on record (4 of 4)

WhenDealAmountParties
May 2023Secondary share transferUndisclosedBuyer: Vikas Banka
Seller: an individual
Mar 2011Secondary share transferUndisclosedBuyer: 2 individuals
Seller: Vikas Banka
Sep 2010Funding round₹20 LakhInvestors: Vikas Banka, 2 individuals
Mar 2009Secondary share transferUndisclosedBuyer: Vikas Banka, an individual
Seller: 2 individuals

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

MSME payment delays

First Cars Private Limited has 10 MSME Form 1 returns on record between 2019 and 2022, listing 24 overdue payments to 10 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 10)

SupplierAmount dueDue sinceReported on
Premji Sales Company Private Ltd
Smas Auto Leasing India Private Limited
an individual supplier
R K Enterprises
an individual supplier

To see the full MSME payment records of First Cars Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

First Cars has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
First Residences Private LimitedU55101MH2010PTC203423

To see the full group structure of First Cars Private Limited, buy the company report.

Employees & EPFO

First Cars Private Limited has a workforce of 87 employees on its EPFO records as of Sep 14, 2025, across 1 active EPFO establishment.

Employee count
87
Active EPFO establishments
1

GST

First Cars has 7 GST registrations: 6 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
7
Active
6
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AADCC3845K1ZHMaharashtraActive01 Jul 2017
27AADCC3845K2ZGMaharashtraActive27 Mar 2025
29AADCC3845K1ZDKarnatakaActive05 Aug 2017
33AADCC3845K1ZOTamil NaduActive05 Aug 2017

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

Recent activity

First Cars Private Limited has 4 board changes on record since 2008: 2 appointments and 2 cessations. The latest: Ashutosh Sudhir Chitnis ceased to be Director on 04 May 2023.

Charges
A charge with Others of Rs. 511.00 Lakh registered on 11 Aug 2025 with Charge ID 101145574 was modified on 27 Oct 2025.
AGM
First Cars Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 511.00 Lakh with Charge ID 101145574 was registered on 11 Aug 2025.
Filing
First Cars Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Axis Bank Limited amounted to Rs. 25.01 Lakh with Charge ID 101076518 was registered on 27 Mar 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 25.01 Lakh with Charge ID 101075544 was registered on 25 Mar 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 25.01 Lakh with Charge ID 101075543 was registered on 24 Mar 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 25.01 Lakh with Charge ID 101075542 was registered on 20 Mar 2025.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 490.00 Lakh registered on 31 Jan 2023 with Charge ID 100673850 was modified on 20 Mar 2025.
Charges
A charge with Bank Of India amounted to Rs. 175.50 Lakh with Charge ID 101101441 was registered on 05 Mar 2025.
Charges
A charge with Bank Of India amounted to Rs. 238.50 Lakh with Charge ID 101101446 was registered on 14 Feb 2025.
Charges
A charge with Others amounted to Rs. 129.00 Lakh with Charge ID 100999205 was registered on 24 Oct 2024.

37 earlier events are in the company report.

Frequently asked questions

First Cars is an active private limited company based in Mumbai, Maharashtra, India. The company works in ride-hailing services, within the transport and logistics industry. It was incorporated on 31 May 2008 (18+ years old) and is registered under CIN U63040MH2008PTC182955.

First Cars has 2 current directors:

The latest financial statements of First Cars on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of First Cars is 27AADCC3845K1ZH, registered in Maharashtra. The company has 7 GST registrations in all, of which 6 are active and 1 is cancelled or inactive. Other active GSTINs include 27AADCC3845K2ZG (Maharashtra), 29AADCC3845K1ZD (Karnataka), 33AADCC3845K1ZO (Tamil Nadu).

The CIN (Corporate Identification Number) of First Cars is U63040MH2008PTC182955. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

First Cars has 18 court cases on record: 2 filed by the company and 16 filed against it. 6 are pending. Most are in the district courts.

First Cars was incorporated on 31 May 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.

First Cars has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹20 Lakh; the latest was in May 2023.

Ashutosh Sudhir Chitnis ceased to be Director on 04 May 2023. Sudhir Anant Chitnis ceased to be Director on 01 Mar 2010. Vikas Satyadeo Banka was appointed as Director on 20 Dec 2008. First Cars has 4 board changes on record in total.

Yes, First Cars is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0005686).

First Cars has 10 MSME Form 1 returns on record between 2019 and 2022, listing 24 overdue payments to 10 micro and small suppliers. The latest return was filed on 29 Aug 2023.