About Greaves Electric Mobility Limited
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Greaves Electric Mobility Limited is a public limited company based in Ranipet, Tamil Nadu, India, a subsidiary of Greaves Cotton Limited. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 02 June 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U51900TN2008PLC151470. Its GSTIN is 33AAHCA0665K1ZQ (Tamil Nadu). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹125 Cr and a paid-up capital of ₹96.18 Cr. It was formerly known as Ampere Vehicles Private Limited. It is led by directors including Vikas Singh (Managing Director) and Mohammad Arshi Abrar Khan.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. 72 Ranipet Industrial Park, Tamil Nadu, India – 632403.
As per the financials filed for FY 2025, the company reported a revenue of ₹471.9 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net loss of ₹240.33 Cr (net margin -50.9%) and EBITDA of -₹184.68 Cr (EBITDA margin -39.1%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 50% over five years.
The company has about 351 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: Ampere Vehicles and Greaves Electric Mobility. As per MCA filings, the company has open charges of ₹95 Cr and satisfied charges of ₹39.56 Cr on record. Court records list 13 cases involving the company, including 10 filed by the company and 3 filed against it; 4 cases are pending. The company has 23 deals on record (13 funding rounds, 7 secondary share transfers, 2 rights issues), with disclosed funding of ₹1,242.88 Cr; the latest was in September 2024. Its 4 peer companies in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (manufacture of motor vehicles, trailers and semi-trailers) are compared by revenue, 2 larger and 2 smaller; the largest is JBM Electric Vehicles Private Limited with revenue of ₹1,652.32 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2024, listing 389 overdue payments to 58 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website greaveselectricmobility.com.
Company details
CIN history
Greaves Electric Mobility has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U51900TN2008PLC151470, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51900TN2008PLC151470 | Current |
| U51900TN2008PTC151470 | Previous |
| U51900TN2008PTC068004 | Previous |
| U51900TZ2008PTC017628 | Previous |
Contact details
Greaves Electric Mobility Limited's registered office is in Ranipet, Tamil Nadu. Its website is greaveselectricmobility.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 72 Ranipet Industrial Park, Tamil Nadu, India – 632403
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
To see the full contact details of Greaves Electric Mobility Limited, buy the company report.
- 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
Brands
Greaves Electric Mobility operates two associated brands: Ampere Vehicles and Greaves Electric Mobility. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Platform offering electric mobility solutions | amperevehicles.com | |
| Manufacturer of electric two and three-wheelers for personal and commercial use | greaveselectricmobility.com |
Business activity
The main business activity of Greaves Electric Mobility is manufacturing. In detail, this covers manufacture of motor vehicles, trailers and semi-trailers.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 29 | Manufacture of motor vehicles, trailers and semi-trailers |
To see the full business activity and turnover split of Greaves Electric Mobility Limited, buy the company report.
Financials of Greaves Electric Mobility Limited
FY 2025 filings availableGreaves Electric Mobility Limited reported revenue of ₹471.9 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 50% over five years, including 5% growth in the latest year. EBITDA rose 10% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹471.9 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹184.68 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹240.33 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -39.1% | ||||
| Net Profit Margin | -50.9% | ||||
| 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 Greaves Electric Mobility Limited, buy the company report.
Board of directors of Greaves Electric Mobility Limited
Greaves Electric Mobility has 6 current directors and 35 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohammad Arshi Abrar Khan Also directs: Bestway Agencies Private Limited | Director | 23 Jun 2022 | 4 Years 4 Months | Current |
| Raja Venkataraman | Director | 20 Apr 2023 | 3 Years 6 Months | Current |
| Vikas Singh | Managing Director | 02 Jun 2025 | 1 Years 5 Months | Current |
| Arvind Kumar Singhal Also directs: The Knowledge Company LLP, Amrylis Farmworks Private Limited, Avensa Chemical Solutions Private Limited and 4 more | Director | 01 Nov 2024 | 2 Years 0 Months | Current |
| Sandhya Vasudevan | Director | 06 Nov 2024 | 2 Years 0 Months | Current |
| Nagesh Basavanhalli Also directs: Peak 15 Advisors LLP, JK Maini Precision Technology Limited | Additional Director | 16 Oct 2025 | 1 Years 0 Months | Current |
Peer comparison
Greaves Electric Mobility Limited is compared with the 4 companies closest to it by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (manufacture of motor vehicles, trailers and semi-trailers), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| JBM Electric Vehicles Private Limited | ₹1,652.32 Cr (FY 2025) | 17.0% | New Delhi, Delhi, India | |||
| Switch Mobility Automotive Limited | ₹929.34 Cr (FY 2025) | 117.0% | Chennai, Tamil Nadu, India | |||
| Ti Clean Mobility Private Limited | ₹660.19 Cr (FY 2025) | 151.0% | Chennai, Tamil Nadu, India | |||
| Greaves Electric Mobility Limitedthis company | ₹471.9 Cr (FY 2025) | -₹240.33 Cr | -50.9% | 5.0% | 351 | Ranipet, Tamil Nadu, India |
| Dilli Electric Auto Private Limited | ₹374.37 Cr (FY 2024) | 41.0% | Sonipat, Haryana, India |
To see the full peer comparison of Greaves Electric Mobility Limited, buy the company report.
Auditor
Greaves Electric Mobility Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2025 | 117366W/W-100018 |
Shareholding
The shareholding of Greaves Electric Mobility Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Greaves Electric Mobility Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 May 2025 | 101097611 | Others | ₹60 Cr | Open | |
| 05 Nov 2020 | 100395612 | Others | ₹35 Cr | Open | |
| 28 Dec 2020 | 100404156 | Others | ₹89 Lakh | Satisfied | |
| 23 Dec 2019 | 100311030 | Yes Bank Limited | ₹24 Cr | Satisfied | |
| 21 Jul 2018 | 100196699 | Others | ₹5 Cr | Satisfied |
To see the full charge records of Greaves Electric Mobility Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Greaves Electric Mobility Limited has 23 deals on record (13 funding rounds, 7 secondary share transfers, 2 rights issues), with disclosed funding of ₹1,242.88 Cr; the latest was in September 2024.
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Rights issue | ₹80 Cr | Investors: Greaves Cotton Limited , Abdul Lateef Jameel Green Mobility Solutions Dmcc |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Greaves Cotton Limited Seller: Ampere Vehicles Pte Ltd, 2 individuals |
| Jul 2019 | Funding round · Series F | ₹21 Cr | Investors: Greaves Cotton Limited |
| Oct 2018 | Rights issue | ₹25 Cr | Investors: Greaves Cotton Limited |
| Oct 2018 | Secondary share transfer | Undisclosed | Buyer: Greaves Cotton Limited Seller: Pratithi Investments, Forum Synergies, A.R. Foundations Private Limited |
To see the full deal history of Greaves Electric Mobility Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Greaves Electric Mobility Limited has 13 court cases on record: 10 filed by Greaves Electric Mobility, 3 filed against it. 4 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 3 | 1 |
| High courts | 6 | 0 | 3 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed by the company against Megnus Electrovision Private Limited & Anr. | Disposed |
| Madras High Court | Writ petition | Filed by the company against Commissioner of Customs, | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Commissioner of Customs, | Pending |
| District court, Ahmednagar, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| Madras High Court | Writ petition | Filed by the company against The Assistant Commissioner of Income Tax | Disposed |
To see the full case history of Greaves Electric Mobility 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.
Credit ratings & regulatory alerts
Greaves Electric Mobility Limited was last rated by Indiarating on 20 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 20 Jul 2021 |
To see the full credit ratings and regulatory alerts of Greaves Electric Mobility Limited, buy the company report.
MSME payment delays
Greaves Electric Mobility Limited has 10 MSME Form 1 returns on record between 2019 and 2024, listing 389 overdue payments to 58 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 58)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Efiltek Private Limited | |||
| an individual supplier | |||
| G.I.Auto Private Limited | |||
| Simmonds Marshall Ltd. | |||
| Rohtas Fastners Private Limited |
To see the full MSME payment records of Greaves Electric Mobility Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Greaves Electric Mobility has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| MLR Auto Limited | U34103TG2009PLC062790 | |
| Bestway Agencies Private Limited | U51909DL2004PTC124090 |
To see the full group structure of Greaves Electric Mobility Limited, buy the company report.
Employees & EPFO
Greaves Electric Mobility Limited has a workforce of 351 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 351 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Greaves Electric Mobility Limited, buy the company report.
GST
Greaves Electric Mobility has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAHCA0665K1ZQ | Tamil Nadu | Active | 01 Jul 2017 |
| 06AAHCA0665K1ZN | Haryana | Active | 30 Dec 2020 |
| 29AAHCA0665K1ZF | Karnataka | Active | 13 May 2022 |
| 07AAHCA0665K1ZL | Delhi | Active | 27 Jan 2023 |
To see the full GST registrations and return filing status of Greaves Electric Mobility Limited, buy the company report.
Recent activity
Greaves Electric Mobility Limited has 42 board changes on record since 2014: 8 appointments and 34 cessations. The latest: Nagesh Basavanhalli was appointed as Additional Director on 16 Oct 2025.
53 earlier events are in the company report.
News
Frequently asked questions
Greaves Electric Mobility is an active public limited company based in Ranipet, Tamil Nadu, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 02 June 2008 (18+ years old) and is registered under CIN U51900TN2008PLC151470.
Greaves Electric Mobility has 6 current directors:
- Vikas Singh - Managing Director
- Mohammad Arshi Abrar Khan - Director
- Raja Venkataraman - Director
- Arvind Kumar Singhal - Director
- Sandhya Vasudevan - Director
- Nagesh Basavanhalli - Additional Director
The latest financial statements of Greaves Electric Mobility on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Greaves Electric Mobility is 33AAHCA0665K1ZQ, registered in Tamil Nadu. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 06AAHCA0665K1ZN (Haryana), 29AAHCA0665K1ZF (Karnataka), 07AAHCA0665K1ZL (Delhi).
The CIN (Corporate Identification Number) of Greaves Electric Mobility is U51900TN2008PLC151470. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Greaves Electric Mobility has 13 court cases on record: 10 filed by the company and 3 filed against it. 4 are pending. Most are in the district courts.
Greaves Electric Mobility was incorporated on 02 June 2008, making it 18+ years old. It is registered with the Registrar of Companies, Chennai.
Greaves Electric Mobility has 23 deals on record (13 funding rounds, 7 secondary share transfers, 2 rights issues), with disclosed funding of ₹1,242.88 Cr; the latest was in September 2024.
The peers of Greaves Electric Mobility by revenue are JBM Electric Vehicles Private Limited, Switch Mobility Automotive Limited, Ti Clean Mobility Private Limited, Dilli Electric Auto Private Limited, all in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (manufacture of motor vehicles, trailers and semi-trailers).
Nagesh Basavanhalli was appointed as Additional Director on 16 Oct 2025. Chandrasekar Thyagarajan ceased to be CFO on 10 Jun 2025. Vikas Singh was appointed as Managing Director on 02 Jun 2025. Greaves Electric Mobility has 42 board changes on record in total.
Greaves Electric Mobility has 10 MSME Form 1 returns on record between 2019 and 2024, listing 389 overdue payments to 58 micro and small suppliers. The latest return was filed on 01 May 2024.
Greaves Electric Mobility can be reached through the website greaveselectricmobility.com. Its registered office is in Ranipet, Tamil Nadu, India.
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