Gati Cycles Private Limited
About Gati Cycles Private Limited
Data last updated:
Gati Cycles Private Limited was a private limited company based in Ludhiana, Punjab, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the bicycle mfg and retail segment of the automotive sector. It was incorporated on 24 August 2012.
The company was registered with the Registrar of Companies (ROC), Chandigarh, under CIN U35921PB2012PTC036590. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Renu Narang and Bharat Narang.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at H.No.100 Atam Nagar Ward No. 34, Ludhiana, Punjab, India – 141003.
As per the financials filed for FY 2018, the company reported a revenue of ₹2.95 Lakh, a decline of 71% compared to the previous year. For the same year it recorded a net loss of ₹1.29 Lakh (net margin -43.6%) and EBITDA of -₹1.17 Lakh (EBITDA margin -39.7%). Revenue has declined at a compounded annual rate (CAGR) of 63% over three years.
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- Registered AddressH.No.100 Atam Nagar Ward No. 34, Ludhiana, Punjab, India – 141003
- IndustryAutomotive, Bicycle Mfg & Retail
- 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 of Gati Cycles Private Limited
The main business activity of Gati Cycles is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Gati Cycles Private Limited FY 2018 filings available
Gati Cycles Private Limited reported revenue of ₹2.95 Lakh (down 71% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR) of Gati Cycles Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 63% over three years, including a 71% fall in the latest year. EBITDA fell 573% 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 of Gati Cycles Private Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| 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 | -₹1.17 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.29 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 of Gati Cycles Private Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -39.7% | •••• | •••• | •••• |
| Net Profit Margin | -43.6% | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Gati Cycles are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Gati Cycles Private Limited
Gati Cycles has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Renu Narang | Director | 24 Aug 2012 | 14 Years 1 Months | As last reported |
| Bharat Narang Also directs: Arpan International Limited | Director | 24 Aug 2012 | 14 Years 1 Months | As last reported |
Peer Comparison of Gati Cycles Private Limited
Gati Cycles Private Limited is compared with the companies closest to it by revenue in the Automobiles industry (Cycles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bajaj Mechanicals Private Limited | ₹10.4 Lakh (FY 2025) | •••• | •••• | 13461.0% | •••• | New Delhi, Delhi, India |
| Molto Megacorp Private Limited | ₹8.82 Lakh (FY 2024) | •••• | •••• | •••• | Ludhiana, Punjab, India | |
| Care Invalids Private Limited | ₹6.45 Lakh (FY 2024) | •••• | •••• | -36.0% | •••• | Kanpur, Uttar Pradesh, India |
| Wontr (OPC) Private Limited | ₹4.59 Lakh (FY 2023) | •••• | •••• | 41.0% | •••• | Gurugram, Haryana, India |
| Tobu Cycles and Toys Pvt. Ltd | ₹4.17 Lakh (FY 2024) | •••• | •••• | 309.0% | •••• | Delhi, India |
| Gati Cycles Private Limited this company | ₹2.95 Lakh (FY 2018) | •••• | •••• | -71.0% | •••• | Ludhiana, Punjab, India |
| Psynyde Bikes Private Limited | ₹2.74 Lakh (FY 2021) | •••• | •••• | -53.0% | •••• | Pune, Maharashtra, India |
| Chandan Cycles Pvt Ltd | ₹1.8 Lakh (FY 2022) | •••• | •••• | •••• | Punjab, India | |
| Aurega Cycles Private Limited | ₹1.27 Lakh (FY 2023) | •••• | •••• | •••• | Pullikanakku, Kerala, India | |
| Jindal Cycles Private Limited | ₹1.1 Lakh (FY 2025) | •••• | •••• | •••• | Khanna, Punjab, India | |
| Frontier Cycles Pvt Ltd | ₹1.05 Lakh (FY 2025) | •••• | •••• | -24.0% | •••• | Ludhiana, Punjab, India |
Peers are the five companies nearest above and the five nearest below Gati Cycles by revenue in the Automobiles industry (Cycles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Gati Cycles Private Limited
Gati Cycles Private Limited is audited by GOYAL SANJAY & ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GOYAL SANJAY & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Gati Cycles Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Gati Cycles Private Limited
Gati Cycles Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Gati Cycles Private Limited
Employment history and EPFO contributions of people linked to Gati Cycles.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Gati Cycles Private Limited
Gati Cycles Private Limited has 2 board changes on record since 2012: 2 appointments. The latest: Bharat Narang was appointed as Director on 24 Aug 2012.
Credit Ratings, Litigation & Regulatory Alerts for Gati Cycles Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Gati Cycles Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Gati Cycles Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Gati Cycles Private Limited
Gati Cycles has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Gati Cycles Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Gati Cycles Private Limited
Gati Cycles has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Gati Cycles was a private limited company based in Ludhiana, Punjab, India. The company worked in bicycle mfg and retail, within the automotive industry. It was incorporated on 24 August 2012 and is registered under CIN U35921PB2012PTC036590. The company has been struck off by the Registrar of Companies and is no longer operational.
Gati Cycles had 2 directors:
- Renu Narang - Director
- Bharat Narang - Director
The CIN (Corporate Identification Number) of Gati Cycles is U35921PB2012PTC036590. 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 Gati Cycles is at H.No.100 Atam Nagar Ward No. 34, Ludhiana, Punjab, India – 141003.
Gati Cycles was incorporated on 24 August 2012. It is registered with the Registrar of Companies, Chandigarh.
Gati Cycles reported revenue of ₹2.95 Lakh for FY 2018 (down 71% YoY).
Gati Cycles has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh.
Gati Cycles reported a net loss of ₹1.29 Lakh (net margin -43.6%) and EBITDA of -₹1.17 Lakh (EBITDA margin -39.7%) for FY 2018, as per its filed financial statements.
No. Gati Cycles has 1 GST registration on record and it is cancelled or inactive.
Gati Cycles operated in the automotive industry, in the bicycle mfg and retail segment. It worked in this industry before it was struck off.