MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-PB-12-0011246
Flying Stag Bikes Pvt Ltd - automotive in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹12.14 Cr
▲ 13% YoY
Net profit · FY 2024
₹1.34 Lakh
Net margin 0.1%
EBITDA · FY 2024
₹51.27 Lakh
EBITDA margin 4.2%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹9.65 Lakh
Issued & subscribed
Open charges
₹3.6 Cr
Satisfied ₹8.06 Cr
Company age
33 yrs
Est. 1993
Employees · EPFO
16
Provident fund records
About Flying Stag Bikes Pvt Ltd
Data last updated:
Flying Stag Bikes Pvt Ltd is a private limited company based in Ludhiana, Punjab, India. It operates in the bicycle mfg and retail segment of the automotive sector. It was incorporated on 07 June 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U35921PB1993PTC013417. Its GSTIN is 03AAACF2535N1ZS (Punjab).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.65 Lakh. It is led by directors including Ravinder Nath Mahajan (Whole-Time Director) and Indu Mahajan (Whole-Time Director).
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 Plot No F 93 & 102 Phase VII Focal Point Ludhiana, Punjab, India – 141010.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.14 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹1.34 Lakh (net margin 0.1%) and EBITDA of ₹51.27 Lakh (EBITDA margin 4.2%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years and 1% over five years.
The company has about 16 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3.6 Cr and satisfied charges of ₹8.06 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
Flying Stag Bikes Pvt Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0011246). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website goyalgroup.net.
Company details
CIN U35921PB1993PTC013417
Registration Number 013417
Incorporation Date 07 June 1993
ROC Chandigarh
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 Small
Udyam Registration UDYAM-PB-12-0011246
Key People
Ravinder Nath Mahajan Whole-Time Director Indu Mahajan Whole-Time Director Nalin Mahajan Whole-Time Director Recognitions & Rankings of Flying Stag Bikes
Contact details
Flying Stag Bikes Pvt Ltd's registered office is in Ludhiana, Punjab. Its website is goyalgroup.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No F 93 & 102 Phase VII Focal Point Ludhiana, Punjab, India – 141010
- IndustryAutomotive, Bicycle Mfg & Retail
To see the full contact details of Flying Stag Bikes Pvt Ltd, buy the company report.
Comprehensive company report
Flying Stag Bikes Pvt Ltd - 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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Business activity
The main business activity of Flying Stag Bikes is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Flying Stag Bikes Pvt Ltd, buy the company report.
Financials of Flying Stag Bikes Pvt Ltd
FY 2025 filings availableFlying Stag Bikes Pvt Ltd reported revenue of ₹12.14 Cr (up 13% YoY) for FY 2024.
Revenue · FY 2024
₹12.14 Cr ▲ 13%
Net profit · FY 2024
₹1.34 Lakh margin 0.1%
EBITDA · FY 2024
₹51.27 Lakh margin 4.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 28%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▼ 1%
3 years · compounded
▲ 2%
5 years · compounded
▼ 9%
Revenue rose 13% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA fell 1% 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 | ₹51.27 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.34 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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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 | 4.2% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Flying Stag Bikes Pvt Ltd, buy the company report.
Board of directors of Flying Stag Bikes Pvt Ltd
Flying Stag Bikes has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravinder Nath Mahajan Also directs: Mahajan Wires Pvt Ltd, Hippo Bikes Private Limited | Whole-Time Director | 07 Jun 1993 | 33 Years 4 Months | Current |
| Indu Mahajan | Whole-Time Director | 30 Sep 2018 | 8 Years 0 Months | Current |
| Nalin Mahajan Also directs: Mahajan Wires Pvt Ltd | Whole-Time Director | 30 Sep 2018 | 8 Years 0 Months | Current |
Auditor
Flying Stag Bikes Pvt Ltd is audited by NARESHKGOYAL& CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NARESHKGOYAL& CO | FY 2023 | 002657N |
Shareholding
The shareholding of Flying Stag Bikes Pvt Ltd 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 Flying Stag Bikes Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹3.6 Cr
Satisfied charges
₹8.06 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Dec 2019 | 100327029 | Hdfc Bank Limited | ₹3.6 Cr | Open | |
| 09 Feb 2017 | 100116499 | Yes Bank Limited | ₹3.54 Cr | Satisfied | |
| 19 Dec 2012 | 10394630 | The Karnataka Bank Limited | ₹1.27 Cr | Satisfied | |
| 01 Feb 2002 | 90178297 | Karnataka Bank Ltd. | ₹3.25 Cr | Satisfied |
To see the full charge records of Flying Stag Bikes Pvt Ltd, buy the company report.
Total charge records: 4 View all charges
Legal cases
Flying Stag Bikes Pvt Ltd has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Writ petition | Filed against the company by Punjab State Power Corporation Limited | Pending |
To see the full case history of Flying Stag Bikes Pvt Ltd, 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
Flying Stag Bikes Pvt Ltd has 3 MSME Form 1 returns on record for the period ending Sep 2019, listing 96 overdue payments to 53 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 53)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Flying Stag Bikes Pvt Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Flying Stag Bikes Pvt Ltd has a workforce of 16 employees on its EPFO records as of Oct 10, 2025, across 1 active EPFO establishment.
Employee count
16
Active EPFO establishments
1
Employee growth
-5.88%
GST
Flying Stag Bikes has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACF2535N1ZS | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Flying Stag Bikes Pvt Ltd, buy the company report.
Recent activity
Flying Stag Bikes Pvt Ltd has 9 board changes on record since 1993: 6 appointments and 3 cessations. The latest: Indu Mahajan was appointed as Whole-Time Director on 30 Sep 2018.
AGM
Flying Stag Bikes Pvt Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Flying Stag Bikes Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge registered on 09 Feb 2017 via Charge ID 100116499 with Yes Bank Limited was fully satisfied on 12 Jun 2020.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 360.00 Lakh with Charge ID 100327029 was registered on 26 Dec 2019.
Appointed
Indu Mahajan was appointed as Whole-Time Director.
Appointed
Nalin Mahajan was appointed as Whole-Time Director.
Ceased
Narinder Nath ceased to be Whole-Time Director.
Charges
A charge with Yes Bank Limited of Rs. 353.70 Lakh registered on 09 Feb 2017 with Charge ID 100116499 was modified on 14 Jun 2017.
Charges
A charge registered on 19 Dec 2012 via Charge ID 10394630 with The Karnataka Bank Limited was fully satisfied on 05 May 2017.
Charges
A charge registered on 01 Feb 2002 via Charge ID 90178297 with Karnataka Bank Ltd. was fully satisfied on 05 May 2017.
Charges
A charge with Yes Bank Limited amounted to Rs. 353.70 Lakh with Charge ID 100116499 was registered on 09 Feb 2017.
Charges
A charge with Karnataka Bank Ltd. of Rs. 325.00 Lakh registered on 01 Feb 2002 with Charge ID 90178297 was modified on 02 Mar 2016.
9 earlier events are in the company report.
Frequently asked questions
Flying Stag Bikes is an active private limited company based in Ludhiana, Punjab, India. The company works in bicycle mfg and retail, within the automotive industry. It was incorporated on 07 June 1993 (33+ years old) and is registered under CIN U35921PB1993PTC013417.
Flying Stag Bikes has 3 current directors:
- Ravinder Nath Mahajan - Whole-Time Director
- Indu Mahajan - Whole-Time Director
- Nalin Mahajan - Whole-Time Director
The latest financial statements of Flying Stag Bikes 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 Flying Stag Bikes is 03AAACF2535N1ZS, registered in Punjab.
The CIN (Corporate Identification Number) of Flying Stag Bikes is U35921PB1993PTC013417. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Flying Stag Bikes has 1 court case on record: 1 filed against it. 1 is pending.
Flying Stag Bikes was incorporated on 07 June 1993, making it 33+ years old. It is registered with the Registrar of Companies, Chandigarh.
Indu Mahajan was appointed as Whole-Time Director on 30 Sep 2018. Nalin Mahajan was appointed as Whole-Time Director on 30 Sep 2018. Narinder Nath ceased to be Whole-Time Director on 29 Sep 2018. Flying Stag Bikes has 9 board changes on record in total.
Yes, Flying Stag Bikes is registered as a small enterprise under Udyam registration (number: UDYAM-PB-12-0011246).
Flying Stag Bikes has 3 MSME Form 1 returns on record for the period ending Sep 2019, listing 96 overdue payments to 53 micro and small suppliers. The latest return was filed on 17 Nov 2019.
Flying Stag Bikes can be reached through the website goyalgroup.net. Its registered office is in Ludhiana, Punjab, India.