About Graand Prix Elevators India Private Limited
Data last updated:
Graand Prix Elevators India Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 24 February 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2004PTC144672. Its GSTIN is 27AACCG1284F1ZS (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Graand Prix Aircon Services Private Limited. It is led by directors including Hariprasad Waman Nargund and Krishna Poojary Narayan.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹18.66 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net loss of ₹13.45 Cr (net margin -72.1%) and EBITDA of -₹12.44 Cr (EBITDA margin -66.7%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 5% over five years.
The company has about 56 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹8.03 Cr on record. Court records list 8 cases involving the company, including 2 filed by the company and 6 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website graandprix.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressB – 1/1101 Lok Everast, J.S.D Road Mulund – W, Mumbai, Maharashtra, India – 400080
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
- 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
- One PDF report, delivered after checkout
Business Activity of Graand Prix Elevators India Private Limited
The main business activity of Graand Prix Elevators India is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | 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 Graand Prix Elevators India Private Limited FY 2023 filings available
Graand Prix Elevators India Private Limited reported revenue of ₹18.66 Cr (down 6% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Graand Prix Elevators India Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 6% fall 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 Graand Prix Elevators India Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹18.66 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹12.44 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹13.45 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 of Graand Prix Elevators India Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -66.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -72.1% | •••• | •••• | •••• | •••• |
| 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 Graand Prix Elevators India 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.
Auditor Details of Graand Prix Elevators India Private Limited
Graand Prix Elevators India Private Limited is audited by Sane Garg& Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sane Garg& Associates LLP | 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.
Board of Directors of Graand Prix Elevators India Private Limited
Graand Prix Elevators India has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hariprasad Waman Nargund | Director | 24 Feb 2004 | 22 Years 7 Months | Current |
| Krishna Poojary Narayan | Director | 24 Feb 2004 | 22 Years 7 Months | Current |
| Ramkiron Lakshman Karkera | Director | 24 Feb 2004 | 22 Years 7 Months | Current |
Ownership and Shareholding of Graand Prix Elevators India 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 Graand Prix Elevators India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Mar 2016 | Others | ₹3.7 Cr | Satisfied |
| 31 Jan 2014 | Fullerton India Credit Company Limited | ₹2.52 Cr | Satisfied |
| 16 Mar 2011 | Edelweiss Housing Finance Limited | ₹1.15 Cr | Satisfied |
| 17 Jul 2009 | Bank of Maharashtra | ₹40 Lakh | Satisfied |
| 05 Oct 2005 | Bank of Maharashtra | ₹25 Lakh | Satisfied |
Total charge records: 6 View all charges
Legal Cases of Graand Prix Elevators India Private Limited
Graand Prix Elevators India Private Limited has 8 court cases on record: 2 filed by Graand Prix Elevators India, 6 filed against it. 4 cases are pending and 4 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 4 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jaipur Metro II, Rajasthan | Criminal case | Filed against the company by Indusind Bank Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Devise Properties Private Limited | Pending |
| District court, South East, Delhi | Criminal case | Filed against the company by W.H. Targett India Ltd. | Pending |
| District court, South East, Delhi | Execution petition | Filed against the company by Vadehra Builders Private Limited | Disposed |
| District court, South East, Delhi | Commercial suit | Filed against the company by Vadehra Builders Private Limited | Disposed |
Full case history
All 8 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Graand Prix Elevators India Private Limited
Graand Prix Elevators India Private Limited has a workforce of 56 employees as of May 27, 2025.
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.
CIN History of Graand Prix Elevators India Private Limited
Graand Prix Elevators India has one previous CIN (Corporate Identification Number): U52603MH2004PTC144672. The current CIN is U74999MH2004PTC144672, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH2004PTC144672 | Current |
| U52603MH2004PTC144672 | Previous |
Recent Activity on Graand Prix Elevators India Private Limited
Credit Ratings, Litigation & Regulatory Alerts for Graand Prix Elevators India 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 Graand Prix Elevators India 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 Graand Prix Elevators India 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 Graand Prix Elevators India Private Limited
Graand Prix Elevators India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCG1284F1ZS | Maharashtra | Active | 01 Jul 2017 |
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 Graand Prix Elevators India 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 Graand Prix Elevators India Private Limited
Graand Prix Elevators India is an active private limited company based in Mumbai, Maharashtra, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 24 February 2004 (22+ years old) and is registered under CIN U74999MH2004PTC144672.
Graand Prix Elevators India reported revenue of ₹18.66 Cr for FY 2023 (down 6% YoY).
Graand Prix Elevators India has 3 current directors:
- Hariprasad Waman Nargund - Director
- Krishna Poojary Narayan - Director
- Ramkiron Lakshman Karkera - Director
Graand Prix Elevators India reported a net loss of ₹13.45 Cr (net margin -72.1%) and EBITDA of -₹12.44 Cr (EBITDA margin -66.7%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Graand Prix Elevators India is -7% over three years and -5% over five years. In the latest year (FY 2023) revenue fell 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Graand Prix Elevators India is 27AACCG1284F1ZS, registered in Maharashtra.
The CIN (Corporate Identification Number) of Graand Prix Elevators India is U74999MH2004PTC144672. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Graand Prix Elevators India has 8 court cases on record: 2 filed by the company and 6 filed against it. 4 are pending. Most are in the district courts.
Graand Prix Elevators India was incorporated on 24 February 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.