About Greencell Mobility Private Limited
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Greencell Mobility Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Green Growth Equity Fund. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 09 September 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2019PTC330329. Its GSTIN is 27AAHCG9842J1Z2 (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹2,000 Cr and a paid-up capital of ₹1,023.67 Cr. It is led by directors including Devendra Chawla (Managing Director) and Prasanna Prakash Desai.
Its last annual general meeting (AGM) was held on 24 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 ₹676.8 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net loss of ₹125.24 Cr (net margin -18.5%) and EBITDA of ₹115.57 Cr (EBITDA margin 17.1%). Revenue has grown at a compounded annual rate (CAGR) of 120% over three years and 646% over five years.
The company has about 17 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 2 brands: NueGo and GreenCell Mobility. As per MCA filings, the company has open charges of ₹1,462.11 Cr and satisfied charges of ₹1,709.47 Cr on record. The company has 5 deals on record (2 funding rounds, 2 acquisitions, 1 rights issue), with disclosed funding of ₹818.95 Cr; the latest was in January 2026. The company has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 12 overdue payments to 5 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 greencellmobility.com.
Company details
Contact details
Greencell Mobility Private Limited's registered office is in Mumbai, Maharashtra. Its website is greencellmobility.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. 405 4th Floor E Wing Corporate Avenue New A K Link Road Chakala Andheri (Eas, T), Mumbai, Maharashtra, India – 400093
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
To see the full contact details of Greencell Mobility 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
Brands
Greencell Mobility operates two associated brands: NueGo and GreenCell Mobility. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates bus services for passenger transportation. | nuego.in | |
| Provider of e-mobility solutions for commercial transport | greencellmobility.com |
Business activity
The main business activity of Greencell Mobility is transportation and storage. In detail, this covers land transport and transport via pipelines.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transportation and storage | 49 | Land transport and transport via pipelines |
To see the full business activity and turnover split of Greencell Mobility Private Limited, buy the company report.
Financials of Greencell Mobility Private Limited
FY 2025 filings availableGreencell Mobility Private Limited reported revenue of ₹676.8 Cr (up 32% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 646% over five years, including 32% growth in the latest year. EBITDA rose 1% 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 | ₹676.8 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹115.57 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹125.24 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.1% | ||||
| Net Profit Margin | -18.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Greencell Mobility Private Limited, buy the company report.
Board of directors of Greencell Mobility Private Limited
Greencell Mobility has 5 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parthasarathy Vankipuram Srinivasa Also directs: Pennar Industries Limited, Niit Learning Systems Limited, Everenviro Resource Management Private Limited and 5 more | Additional Director | 01 Jan 2025 | 1 Years 10 Months | Current |
| Prasanna Prakash Desai Also directs: Radiance Renewables Private Limited | Director | 09 Sep 2019 | 7 Years 2 Months | Current |
| Shishir Maheshwari Also directs: Next Sedai Charge Private Limited, GC Smart MP Private Limited, GC Smart Puducherry Private Limited and 5 more | Director | 08 Dec 2021 | 4 Years 11 Months | Current |
| Devendra Chawla Also directs: GC Smart MP Private Limited, GC Smart Puducherry Private Limited | Managing Director | 23 Jan 2023 | 3 Years 9 Months | Current |
| Aditya Ghosh Also directs: Rudi Multi Trading Company Limited, Multiples Private Equity Fund II LLP, Homage Advisers LLP and 5 more | Director | 22 Jul 2022 | 4 Years 3 Months | Current |
Auditor
Greencell Mobility Private Limited is audited by BSR & Co. LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSR & Co. LLP | FY 2025 | 101248W/W-100022 |
Shareholding
The shareholding of Greencell Mobility Private 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 Greencell Mobility Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Dec 2025 | 101210349 | Sbicap Trustee Company Limited | ₹318 Cr | Open | |
| 30 Jul 2025 | 101142079 | Others | ₹174.75 Cr | Open | |
| 25 Jul 2025 | 101140055 | Others | ₹51 Cr | Open | |
| 07 May 2024 | 100923431 | Others | ₹153.77 Cr | Open | |
| 07 May 2024 | 100923433 | Others | ₹153.64 Cr | Open |
To see the full charge records of Greencell Mobility Private Limited, buy the company report.
Total charge records: 24 View all charges
Deals & funding
Greencell Mobility Private Limited has 5 deals on record (2 funding rounds, 2 acquisitions, 1 rights issue), with disclosed funding of ₹818.95 Cr; the latest was in January 2026.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2026 | Funding round | ₹815.95 Cr | Investors: International Finance Corporation, British International Investment (CDC Group), Tata Capital |
| Jan 2025 | Funding round | ₹3 Cr | Investors: Homage Ventures, an individual |
| Oct 2022 | Rights issue | ₹460 Cr | Investors: EverSource Capital |
| Jan 2021 | Acquisition | ₹512 Cr | Buyer: EverSource Capital |
| Oct 2019 | Acquisition | ₹49.96 Cr | Buyer: EverSource Capital |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Greencell Mobility Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Greencell Mobility Private Limited was last rated by Icra on 27 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 27 Oct 2021 |
To see the full credit ratings and regulatory alerts of Greencell Mobility Private Limited, buy the company report.
MSME payment delays
Greencell Mobility Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 12 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Cholamandalam Ms Risk Services Limited | |||
| Handy Online Solutions Private Limited | |||
| Au Enterprises LLP | |||
| an individual supplier | |||
| Netlogic Systems (India) Private Limited |
To see the full MSME payment records of Greencell Mobility Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Greencell Mobility has 4 subsidiary companies and 4 associated companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Greencell Express Aggregator Private Limited | U37200MH2020PTC336394 | |
| Greencell Surat Private Limited | U40106MH2022PTC377331 | |
| Greencell Express Private Limited | U60232MH2021PTC362198 | |
| Greencell EV Private Limited | U74995HR2017PTC070465 |
To see the full group structure of Greencell Mobility Private Limited, buy the company report.
Employees & EPFO
Greencell Mobility Private Limited has a workforce of 17 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 17 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 |
To see the full employee and EPFO history of Greencell Mobility Private Limited, buy the company report.
GST
Greencell Mobility has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCG9842J1Z2 | Maharashtra | Active | 24 Sep 2019 |
| 29AAHCG9842J1ZY | Karnataka | Active | 04 Sep 2021 |
| 08AAHCG9842J1Z2 | Rajasthan | Active | 24 Dec 2021 |
To see the full GST registrations and return filing status of Greencell Mobility Private Limited, buy the company report.
Recent activity
Greencell Mobility Private Limited has 16 board changes on record since 2019: 6 appointments and 10 cessations. The latest: Manish Poddar was appointed as CFO on 10 Feb 2025.
55 earlier events are in the company report.
News
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Frequently asked questions
Greencell Mobility is an active private limited company based in Mumbai, Maharashtra, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 09 September 2019 (7+ years old) and is registered under CIN U74999MH2019PTC330329.
Greencell Mobility has 5 current directors:
- Devendra Chawla - Managing Director
- Parthasarathy Vankipuram Srinivasa - Additional Director
- Prasanna Prakash Desai - Director
- Shishir Maheshwari - Director
- Aditya Ghosh - Director
The latest financial statements of Greencell Mobility on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Greencell Mobility is 27AAHCG9842J1Z2, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AAHCG9842J1ZY (Karnataka), 08AAHCG9842J1Z2 (Rajasthan).
The CIN (Corporate Identification Number) of Greencell Mobility is U74999MH2019PTC330329. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Greencell Mobility was incorporated on 09 September 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Greencell Mobility has 5 deals on record (2 funding rounds, 2 acquisitions, 1 rights issue), with disclosed funding of ₹818.95 Cr; the latest was in January 2026.
Manish Poddar was appointed as CFO on 10 Feb 2025. Parthasarathy Vankipuram Srinivasa was appointed as Additional Director on 01 Jan 2025. Parthasarathy Vankipuram Srinivasa ceased to be Director on 31 Dec 2024. Greencell Mobility has 16 board changes on record in total.
Greencell Mobility has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 12 overdue payments to 5 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Greencell Mobility can be reached through the website greencellmobility.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Greencell Mobility is at Unit No. 405 4th Floor E Wing Corporate Avenue New A K Link Road Chakala Andheri Eas, T, Mumbai, Maharashtra, India – 400093.
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