About Greencell Express Private Limited
Data last updated:
Greencell Express Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Greencell Mobility Private Limited. It operates in the private bus transportation services segment of the transport and logistics sector. It was incorporated on 16 June 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U60232MH2021PTC362198. Its GSTIN is 27AAJCG0837H1ZK (Maharashtra). The company holds 15 GST registrations, all of them active.
The company has an authorised share capital of ₹2,000 Cr and a paid-up capital of ₹592 Cr. It is led by directors Arpit Agarwal and Ashish Goyal.
Its last annual general meeting (AGM) was held on 10 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹290.61 Cr, a growth of 82% compared to the previous year. For the same year it recorded a net loss of ₹92.78 Cr (net margin -31.9%) and EBITDA of ₹26.47 Cr (EBITDA margin 9.1%).
The company has about 207 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: NueGo. As per MCA filings, the company has open charges of ₹318 Cr and satisfied charges of ₹317.29 Cr on record. Court records list 132 cases involving the company, including 2 filed by the company and 130 filed against it; 49 cases are pending. The company has 6 deals on record (3 rights issues, 3 funding rounds), with disclosed funding of ₹185 Cr; the latest was in December 2024. Its 8 peer companies in the Transport and Logistics industry (Private Bus Operators), with the same principal business activity (land transport via road) are compared by revenue, 3 larger and 5 smaller; the largest is TML CV Mobility Solutions Limited with revenue of ₹1,040.5 Cr. The company has 5 MSME Form 1 returns on record between 2022 and 2024, listing 371 overdue payments to 64 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 nuego.in.
Company details
Contact details
Greencell Express Private Limited's registered office is in Mumbai, Maharashtra. Its website is nuego.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No. 405 4th Floor E Wing Corporate Avenue New A K Link Road Chakala Andheri (Eas, T), Mumbai, Maharashtra, India – 400093
- IndustryTransport and Logistics, Private Bus Transportation Services
To see the full contact details of Greencell Express Private 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
Business activity
The main business activity of Greencell Express is transport and storage. In detail, this covers land transport via road.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road |
To see the full business activity and turnover split of Greencell Express Private Limited, buy the company report.
Financials of Greencell Express Private Limited
FY 2025 filings availableGreencell Express Private Limited reported revenue of ₹290.61 Cr (up 82% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 82% in the latest year. EBITDA rose 196% 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 |
|---|---|---|---|---|
| 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 | ₹26.47 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹92.78 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 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 9.1% | |||
| Net Profit Margin | -31.9% | |||
| 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 Greencell Express Private Limited, buy the company report.
Board of directors of Greencell Express Private Limited
Greencell Express has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arpit Agarwal Also directs: Greencell Express Aggregator Private Limited, Greencell Surat Private Limited, GC Smart MP Private Limited and 2 more | Director | 16 Jun 2021 | 5 Years 4 Months | Current |
| Ashish Goyal Also directs: Greencell Express Aggregator Private Limited, GC Smart MP Private Limited, GC Smart Puducherry Private Limited and 5 more | Director | 19 Mar 2024 | 2 Years 7 Months | Current |
Peer comparison
Greencell Express Private Limited is compared with the 8 companies closest to it by revenue in the Transport and Logistics industry (Private Bus Operators), with the same principal business activity (land transport via road), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| TML CV Mobility Solutions Limited | ₹1,040.5 Cr (FY 2025) | -27.0% | Mumbai, Maharashtra, India | |||
| TML Smart City Mobility Solutions Limited | ₹947.17 Cr (FY 2025) | 319.0% | Mumbai, Maharashtra, India | |||
| S.R.S. Travels and Logistics Private Limited | ₹373.97 Cr (FY 2023) | 44.0% | Bangalore, Karnataka, India | |||
| Greencell Express Private Limitedthis company | ₹290.61 Cr (FY 2025) | -₹92.78 Cr | -31.9% | 82.0% | 207 | Mumbai, Maharashtra, India |
| Mateshwari Urban Transport Solutions Private Limited | ₹251.27 Cr (FY 2024) | 14.0% | Jaipur, Rajasthan, India | |||
| Gozing Technology Private Limited | ₹161.06 Cr (FY 2025) | 84.0% | Gurgaon, Haryana, India | |||
| Urban Paribahan Services Private Limited | ₹141.9 Cr (FY 2025) | 7.0% | Kolkata, West Bengal, India | |||
| Capital Region Urban Transport | ₹141.42 Cr (FY 2024) | 53.0% | Bhubaneswar, Odisha, India | |||
| Metro Eco Green Resorts Limited | ₹139.72 Cr (FY 2023) | 5.0% | Chndigarh, Chandigarh, India |
To see the full peer comparison of Greencell Express Private Limited, buy the company report.
Auditor
Greencell Express Private Limited is audited by SURESH SURANA & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SURESH SURANA & ASSOCIATES LLP | FY 2023 | 121750W/W-100010 |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Nov 2025 | 101193248 | Sbicap Trustee Company Limited | ₹318 Cr | Open | |
| 07 Jan 2022 | 100521081 | Sbicap Trustee Company Limited | ₹317.29 Cr | Satisfied |
To see the full charge records of Greencell Express Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Greencell Express Private Limited has 6 deals on record (3 rights issues, 3 funding rounds), with disclosed funding of ₹185 Cr; the latest was in December 2024.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2024 | Rights issue | ₹50 Cr | Investors: Greencell Mobility Private Limited |
| Feb 2023 | Rights issue | ₹255 Cr | Investors: Greencell Mobility Private Limited |
| Sep 2022 | Funding round | ₹100 Cr | Investors: Greencell Mobility Private Limited |
| Dec 2021 | Funding round | ₹70 Cr | Investors: Greencell Mobility Private Limited |
| Dec 2021 | Funding round | ₹15 Cr | Investors: Greencell Mobility Private Limited |
To see the full deal history of Greencell Express Private 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
Greencell Express Private Limited has 132 court cases on record: 2 filed by Greencell Express, 130 filed against it. 49 cases are pending and 83 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 132 | 130 | 49 |
Cases on record (5 of 132)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Motor accident claim | Filed against the company | Pending |
| District court, BENGALURU, Karnataka | Court case (ECA) | Filed against the company by an individual | Pending |
| District court, Guntur, Andhra Pradesh | Petition | Filed against the company | Pending |
| District court, Sehore, Madhya Pradesh | Court case (MACC) | Filed against the company | Pending |
| District court, Guntur, Andhra Pradesh | Petition | Filed against the company by an individual | Pending |
To see the full case history of Greencell Express 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.
Credit ratings & regulatory alerts
Greencell Express Private Limited was last rated by Icra on 28 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 28 Sep 2021 |
To see the full credit ratings and regulatory alerts of Greencell Express Private Limited, buy the company report.
MSME payment delays
Greencell Express Private Limited has 5 MSME Form 1 returns on record between 2022 and 2024, listing 371 overdue payments to 64 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 64)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Innovic Energy LLP | |||
| Veera Vahana Udyog Private Limited | |||
| Holmium Technologies Private Limited | |||
| an individual supplier | |||
| Infinity Transoft Solution Private Limited |
To see the full MSME payment records of Greencell Express Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Greencell Express Private Limited has a workforce of 207 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Greencell Express has 15 GST registrations: 15 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCG0837H1ZK | Maharashtra | Active | 29 Jul 2021 |
| 29AAJCG0837H1ZG | Karnataka | Active | 01 Jan 2022 |
| 07AAJCG0837H1ZM | Delhi | Active | 17 Jan 2022 |
| 23AAJCG0837H1ZS | Madhya Pradesh | Active | 03 Feb 2022 |
To see the full GST registrations and return filing status of Greencell Express Private Limited, buy the company report.
Recent activity
Greencell Express Private Limited has 5 board changes on record since 2021: 2 appointments and 3 cessations. The latest: Ashish Goyal ceased to be Additional Director on 29 Sep 2024.
News
Frequently asked questions
Greencell Express is an active private limited company based in Mumbai, Maharashtra, India. The company works in private bus transportation services, within the transport and logistics industry. It was incorporated on 16 June 2021 (5+ years old) and is registered under CIN U60232MH2021PTC362198.
Greencell Express has 2 current directors:
- Arpit Agarwal - Director
- Ashish Goyal - Director
The latest financial statements of Greencell Express on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 September 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Greencell Express is 27AAJCG0837H1ZK, registered in Maharashtra. The company has 15 GST registrations in all, of which 15 are active. Other active GSTINs include 29AAJCG0837H1ZG (Karnataka), 07AAJCG0837H1ZM (Delhi), 23AAJCG0837H1ZS (Madhya Pradesh).
The CIN (Corporate Identification Number) of Greencell Express is U60232MH2021PTC362198. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Greencell Express has 132 court cases on record: 2 filed by the company and 130 filed against it. 49 are pending.
Greencell Express was incorporated on 16 June 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
Greencell Express has 6 deals on record (3 rights issues, 3 funding rounds), with disclosed funding of ₹185 Cr; the latest was in December 2024.
The peers of Greencell Express by revenue are TML CV Mobility Solutions Limited, TML Smart City Mobility Solutions Limited, S.R.S. Travels and Logistics Private Limited, Mateshwari Urban Transport Solutions Private Limited, Gozing Technology Private Limited and 3 more, all in the Transport and Logistics industry (Private Bus Operators), with the same principal business activity (land transport via road).
Ashish Goyal ceased to be Additional Director on 29 Sep 2024. Ashish Goyal was appointed as Director on 19 Mar 2024. Sumit Mittal ceased to be Director on 19 Mar 2024. Greencell Express has 5 board changes on record in total.
Greencell Express has 5 MSME Form 1 returns on record between 2022 and 2024, listing 371 overdue payments to 64 micro and small suppliers. The latest return was filed on 23 Apr 2024.
Greencell Express can be reached through the website nuego.in. Its registered office is in Mumbai, Maharashtra, India.