MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0048701
Graand Prix Elevators India Private Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹18.66 Cr
▼ 6% YoY
Net loss · FY 2023
₹13.45 Cr
Net margin -72.1%
EBITDA · FY 2023
-₹12.44 Cr
EBITDA margin -66.7%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Satisfied charges
₹8.03 Cr
No open charges
Company age
22 yrs
Est. 2004
Employees · EPFO
56
Provident fund records
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.
Graand Prix Elevators India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0048701). 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.
Company details
CIN U74999MH2004PTC144672
Registration Number 144672
Incorporation Date 24 February 2004
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0048701
CIN history
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 |
Key People
Hariprasad Waman Nargund Director Krishna Poojary Narayan Director Ramkiron Lakshman Karkera Director Recognitions & Rankings of Graand Prix Elevators India
Contact details
Graand Prix Elevators India Private Limited's registered office is in Mumbai, Maharashtra. Its website is graandprix.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – 1/1101 Lok Everast, J.S.D Road Mulund – W, Mumbai, Maharashtra, India – 400080
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
To see the full contact details of Graand Prix Elevators India Private Limited, buy the company report.
Comprehensive company report
Graand Prix Elevators India 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 Graand Prix Elevators India is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Graand Prix Elevators India Private Limited, buy the company report.
Financials of Graand Prix Elevators India Private Limited
FY 2023 filings availableGraand Prix Elevators India Private Limited reported revenue of ₹18.66 Cr (down 6% YoY) for FY 2023.
Revenue · FY 2023
₹18.66 Cr ▼ 6%
Net loss · FY 2023
₹13.45 Cr margin -72.1%
EBITDA · FY 2023
-₹12.44 Cr margin -66.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 6%
3 years · compounded
▼ 7%
5 years · compounded
▼ 5%
EBITDA CAGR growth
3 years · compounded
▼ 132%
5 years · compounded
▼ 65%
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
| 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
| 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 | |||||
To see the full financial statements and ratios of Graand Prix Elevators India Private Limited, buy the company report.
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.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hariprasad Waman Nargund | Director | 24 Feb 2004 | 22 Years 8 Months | Current |
| Krishna Poojary Narayan | Director | 24 Feb 2004 | 22 Years 8 Months | Current |
| Ramkiron Lakshman Karkera | Director | 24 Feb 2004 | 22 Years 8 Months | Current |
Auditor
Graand Prix Elevators India Private Limited is audited by Sane Garg& Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sane Garg& Associates LLP | FY 2023 | 140552W/ W100688 |
Shareholding
The shareholding of Graand Prix Elevators India 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 Graand Prix Elevators India Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹8.03 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Mar 2016 | 100041469 | Others | ₹3.7 Cr | Satisfied | |
| 31 Jan 2014 | 10476238 | Fullerton India Credit Company Limited | ₹2.52 Cr | Satisfied | |
| 16 Mar 2011 | 10275236 | Edelweiss Housing Finance Limited | ₹1.15 Cr | Satisfied | |
| 17 Jul 2009 | 10216196 | Bank of Maharashtra | ₹40 Lakh | Satisfied | |
| 05 Oct 2005 | 80065816 | Bank of Maharashtra | ₹25 Lakh | Satisfied |
To see the full charge records of Graand Prix Elevators India Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
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.
Total cases
8
Filed by the company
2
Filed against the company
6
Pending
4
Disposed
4
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 | 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 WH Targett India Ltd | Pending |
| District court, South East, Delhi | Execution petition | Filed against the company by Vadehra Builders Pvt. Ltd. | Disposed |
| District court, South East, Delhi | Commercial suit | Filed against the company by Vadehra Builders Pvt. Ltd. | Disposed |
To see the full case history of Graand Prix Elevators India Private Limited, 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
Graand Prix Elevators India Private Limited has 3 MSME Form 1 returns on record between 2018 and 2019, listing 4 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Makarand M Joshi & Co. |
To see the full MSME payment records of Graand Prix Elevators India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Graand Prix Elevators India Private Limited has a workforce of 56 employees on its EPFO records as of May 27, 2025, across 1 active EPFO establishment.
Employee count
56
Active EPFO establishments
1
Employee growth
-28.21%
GST
Graand Prix Elevators India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCG1284F1ZS | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Graand Prix Elevators India Private Limited, buy the company report.
Recent activity
Graand Prix Elevators India Private Limited has 7 board changes on record since 2004: 3 appointments and 4 cessations. The latest: Purnima Hariprasad Nargund ceased to be Director on 01 Feb 2024.
Charges
A charge registered on 17 Mar 2016 via Charge ID 100041469 with Others was fully satisfied on 09 Jul 2024.
Ceased
Purnima Hariprasad Nargund ceased to be Director.
Ceased
Sandhya Narayan Poojary ceased to be Director.
Ceased
Shaila Ramkiron Karkera ceased to be Director.
AGM
Graand Prix Elevators India Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Graand Prix Elevators India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
Charges
A charge with Others of Rs. 369.80 Lakh registered on 17 Mar 2016 with Charge ID 100041469 was modified on 21 Jul 2020.
Ceased
Sanjay Krishna Bhatkar ceased to be Director.
Charges
A charge registered on 31 Jan 2014 via Charge ID 10476238 with Fullerton India Credit Company Limited was fully satisfied on 29 Apr 2016.
Charges
A charge with Others amounted to Rs. 369.80 Lakh with Charge ID 100041469 was registered on 17 Mar 2016.
Charges
A charge registered on 17 Jul 2009 via Charge ID 10216196 with Bank Of Maharashtra was fully satisfied on 03 Feb 2014.
Charges
A charge registered on 05 Oct 2005 via Charge ID 80065816 with Bank Of Maharashtra was fully satisfied on 03 Feb 2014.
11 earlier events are in the company report.
Frequently asked questions
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 has 3 current directors:
- Hariprasad Waman Nargund - Director
- Krishna Poojary Narayan - Director
- Ramkiron Lakshman Karkera - Director
The latest financial statements of Graand Prix Elevators India on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
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.
Purnima Hariprasad Nargund ceased to be Director on 01 Feb 2024. Sandhya Narayan Poojary ceased to be Director on 01 Feb 2024. Shaila Ramkiron Karkera ceased to be Director on 01 Feb 2024. Graand Prix Elevators India has 7 board changes on record in total.
Yes, Graand Prix Elevators India is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0048701).
Graand Prix Elevators India has 3 MSME Form 1 returns on record between 2018 and 2019, listing 4 overdue payments to 1 micro and small supplier. The latest return was filed on 02 Jun 2019.
Graand Prix Elevators India can be reached through the website graandprix.com. Its registered office is in Mumbai, Maharashtra, India.