About Firstgear Technologies Private Limited
Data last updated:
Firstgear Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the online automotive platforms segment of the e-commerce sector. It was incorporated on 30 June 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2016PTC283114.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Akhilesh Rajan Sarma and Bharadwaj Sridhar.
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 203 Ashok Kumar Towers 47 Union Park Chembur., Mumbai, Maharashtra, India – 400071.
As per the financials filed for FY 2025, the company reported a revenue of ₹18 Lakh, a decline of 51% compared to the previous year. For the same year it recorded a net profit of ₹1.58 Lakh (net margin 8.8%) and EBITDA of ₹6.01 Lakh (EBITDA margin 33.4%). Revenue has declined at a compounded annual rate (CAGR) of 35% over three years and 22% over five years.
The company is associated with 1 brand: MotoFyx.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website motofyx.com.
Company details
Contact details
Firstgear Technologies Private Limited's registered office is in Mumbai, Maharashtra. Its website is motofyx.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address203 Ashok Kumar Towers 47 Union Park Chembur., Mumbai, Maharashtra, India – 400071
- IndustryE-Commerce, Online Automotive Platforms
To see the full contact details of Firstgear Technologies Private 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
Firstgear Technologies operates one associated brand: MotoFyx. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers car servicing, repair, and detailing for customers in India. | motofyx.com |
Business activity
The main business activity of Firstgear Technologies is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Firstgear Technologies Private Limited, buy the company report.
Financials of Firstgear Technologies Private Limited
FY 2025 filings availableFirstgear Technologies Private Limited reported revenue of ₹18 Lakh (down 51% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 22% over five years, including a 51% fall in the latest year. EBITDA fell 53% 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 |
|---|---|---|---|---|---|
| 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 | ₹6.01 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.58 Lakh | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 33.4% | ||||
| Net Profit Margin | 8.8% | ||||
| 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 Firstgear Technologies Private Limited, buy the company report.
Board of directors of Firstgear Technologies Private Limited
Firstgear Technologies has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akhilesh Rajan Sarma Also directs: Firstgear Auto Technologies Private Limited | Director | 30 Jun 2016 | 10 Years 4 Months | Current |
| Bharadwaj Sridhar Also directs: Firstgear Auto Technologies Private Limited | Director | 30 Jun 2016 | 10 Years 4 Months | Current |
Auditor
Firstgear Technologies Private Limited is audited by T D K & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T D K & CO | FY 2023 | 109804W |
Shareholding
The shareholding of Firstgear Technologies 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 Firstgear Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Firstgear Technologies 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 Firstgear Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Firstgear Technologies Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Firstgear Technologies Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Akhilesh Rajan Sarma was appointed as Director on 30 Jun 2016.
Frequently asked questions
Firstgear Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in online automotive platforms, within the e-commerce industry. It was incorporated on 30 June 2016 (10+ years old) and is registered under CIN U74999MH2016PTC283114.
Firstgear Technologies has 2 current directors:
- Akhilesh Rajan Sarma - Director
- Bharadwaj Sridhar - Director
The latest financial statements of Firstgear Technologies 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 FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Firstgear Technologies is U74999MH2016PTC283114. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Firstgear Technologies was incorporated on 30 June 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Akhilesh Rajan Sarma was appointed as Director on 30 Jun 2016. Bharadwaj Sridhar was appointed as Director on 30 Jun 2016.
Firstgear Technologies can be reached through the website motofyx.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Firstgear Technologies is at 203 Ashok Kumar Towers 47 Union Park Chembur., Mumbai, Maharashtra, India – 400071.
Firstgear Technologies operates in the e-commerce industry, in the online automotive platforms segment.
The compliance status of Firstgear Technologies is compliant as of 23 July 2026. The company is actively filing with the Registrar of Companies.
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.
