MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-20-0104253
Garnet Motors (EV) Private Limited
Garnet Motors (EV) Private Limited - automotive in Nagpur, Maharashtra, India. Directors, charges & compliance details.
Revenue · FY 2024
₹14.5 Cr
▼ 7% YoY
Net loss · FY 2024
₹2.41 Cr
Net margin -16.6%
EBITDA · FY 2024
-₹1.92 Cr
EBITDA margin -13.2%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹5 Cr
Secured borrowings
Company age
4 yrs
Est. 2022
Employees · EPFO
51
Provident fund records
About Garnet Motors (EV) Private Limited
Data last updated:
Garnet Motors (EV) Private Limited is a private limited company based in Nagpur, Maharashtra, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 23 June 2022.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U50400MH2022PTC385200.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Ankur Singh Cheema and Karnailsingh Gurbachansingh Cheema.
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 104 – 105/2 Flat No 902 Happy Heights Farmland Ramdaspeth, Nagpur, Maharashtra, India – 440010.
As per the financials filed for FY 2024, the company reported a revenue of ₹14.5 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹2.41 Cr (net margin -16.6%) and EBITDA of -₹1.92 Cr (EBITDA margin -13.2%).
The company has about 51 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5 Cr on record.
Garnet Motors (EV) Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-20-0104253).
Company details
CIN U50400MH2022PTC385200
Registration Number 385200
Incorporation Date 23 June 2022
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification MSME
Udyam Registration UDYAM-MH-20-0104253
Recognitions & Rankings of Garnet Motors (EV)
Contact details
Garnet Motors (EV) Private Limited's registered office is in Nagpur, Maharashtra.
- Registered AddressPlot No 104 – 105/2 Flat No 902 Happy Heights Farmland Ramdaspeth, Nagpur, Maharashtra, India – 440010
- IndustryAutomotive, Auto Dealership & Trading
Comprehensive company report
Garnet Motors (EV) 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
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Business activity
The main business activity of Garnet Motors (EV) is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Garnet Motors (EV) Private Limited, buy the company report.
Financials of Garnet Motors (EV) Private Limited
FY 2025 filings availableGarnet Motors (EV) Private Limited reported revenue of ₹14.5 Cr (down 7% YoY) for FY 2024.
Revenue · FY 2024
₹14.5 Cr ▼ 7%
Net loss · FY 2024
₹2.41 Cr margin -16.6%
EBITDA · FY 2024
-₹1.92 Cr margin -13.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 7%
EBITDA CAGR growth
1 year
▼ 131%
Revenue fell 7% in the latest year. EBITDA fell 131% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| 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 | -₹1.92 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹2.41 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 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -13.2% | |
| Net Profit Margin | -16.6% | |
| 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 Garnet Motors (EV) Private Limited, buy the company report.
Board of directors of Garnet Motors (EV) Private Limited
Garnet Motors (EV) has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankur Singh Cheema Also directs: Garnet Motors (A) Private Limited, Garnet Motors (B) Private Limited, Garnet Motors (C) Private Limited and 5 more | Director | 23 Jun 2022 | 4 Years 4 Months | Current |
| Karnailsingh Gurbachansingh Cheema Also directs: KS Metals & Mining Industries Private Limited, Dthrust Aerospace Private Limited, Garnet Motors (A) Private Limited and 5 more | Director | 23 Jun 2022 | 4 Years 4 Months | Current |
Peer comparison
Garnet Motors (EV) Private Limited is compared with the 4 companies closest to it by revenue in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Success Cars Private Limited | ₹14.52 Cr (FY 2025) | -22.0% | Indore, Madhya Pradesh, India | |||
| Pratishtha Automotive Private Limited | ₹14.51 Cr (FY 2024) | -4.0% | Sanawad, Madhya Pradesh, India | |||
| Garnet Motors (EV) Private Limitedthis company | ₹14.5 Cr (FY 2024) | -₹2.41 Cr | -16.6% | -7.0% | Nagpur, Maharashtra, India | |
| Royal Ridentity Private Limited | ₹14.47 Cr (FY 2025) | 13.0% | Vithal Udyognagar, Gujarat, India | |||
| TDF Motowerks and Services Private Limited | ₹14.46 Cr (FY 2025) | 11.0% | Indore, Madhya Pradesh, India |
To see the full peer comparison of Garnet Motors (EV) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Oct 2022 | 100643242 | Hdfc Bank Limited | ₹5 Cr | Open |
To see the full charge records of Garnet Motors (EV) Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Garnet Motors (EV) 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 Garnet Motors (EV) 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 Garnet Motors (EV) Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Garnet Motors (EV) Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Ankur Singh Cheema was appointed as Director on 23 Jun 2022.
AGM
Garnet Motors (Ev) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Garnet Motors (Ev) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Hdfc Bank Limited of Rs. 499.50 Lakh registered on 12 Oct 2022 with Charge ID 100643242 was modified on 12 Dec 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 499.50 Lakh with Charge ID 100643242 was registered on 12 Oct 2022.
Appointed
Ankur Singh Cheema was appointed as Director.
Appointed
Karnailsingh Gurbachansingh Cheema was appointed as Director.
Incorporation
23 Jun 2022
Garnet Motors (Ev) Private Limited was registered on 23 Jun 2022 with Roc Mumbai & aged 4 years 4 months as per MCA records.
Frequently asked questions
Garnet Motors (EV) is an active private limited company based in Nagpur, Maharashtra, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 23 June 2022 (4+ years old) and is registered under CIN U50400MH2022PTC385200.
Garnet Motors (EV) has 2 current directors:
- Ankur Singh Cheema - Director
- Karnailsingh Gurbachansingh Cheema - Director
The latest financial statements of Garnet Motors (EV) 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 2023 are in the company report.
The CIN (Corporate Identification Number) of Garnet Motors (EV) is U50400MH2022PTC385200. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Garnet Motors (EV) was incorporated on 23 June 2022, making it 4+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Garnet Motors (EV) by revenue are Success Cars Private Limited, Pratishtha Automotive Private Limited, Royal Ridentity Private Limited, TDF Motowerks and Services Private Limited, all in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading).
Ankur Singh Cheema was appointed as Director on 23 Jun 2022. Karnailsingh Gurbachansingh Cheema was appointed as Director on 23 Jun 2022.
Yes, Garnet Motors (EV) is registered as an MSME under Udyam registration (number: UDYAM-MH-20-0104253).
The registered office of Garnet Motors (EV) is at Plot No 104 – 1052 Flat No 902 Happy Heights Farmland Ramdaspeth, Nagpur, Maharashtra, India – 440010.
Garnet Motors (EV) operates in the automotive industry, in the auto dealership and trading segment.
Garnet Motors (EV) has open charges of ₹5 Cr and no satisfied charges on record as per latest MCA filings.
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