Greencell Surat Private Limited
About Greencell Surat Private Limited
Data last updated:
Greencell Surat 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 23 February 2022.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40106MH2022PTC377331. Its GSTIN is 24AAJCG6004C1Z5 (Gujarat).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.91 Cr. It is led by directors Arpit Agarwal and Sharadchandra Ishwar Kedare.
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 ₹36.45 Cr, a growth of 105% compared to the previous year. For the same year it recorded a net loss of ₹11.55 Cr (net margin -31.7%) and EBITDA of ₹11.53 Cr (EBITDA margin 31.6%).
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹132.7 Cr and satisfied charges of ₹232.55 Cr on record. Court records list 44 cases involving the company, including 44 filed against it; 7 cases are pending. The company has 2 deals on record (1 debt financing, 1 funding round), with disclosed funding of ₹79.22 Cr; the latest was in April 2022. Its 5 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 2 smaller; the largest is Kanker Roadways Private Limited with revenue of ₹43.61 Cr. The company has 3 MSME Form 1 returns on record between 2022 and 2023, listing 11 overdue payments to 7 micro and small suppliers.
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- 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
- 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
The main business activity of Greencell Surat is transport and storage. In detail, this covers land transport via road.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road | 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
Financials of Greencell Surat Private Limited
FY 2025 filings availableGreencell Surat Private Limited reported revenue of ₹36.45 Cr (up 105% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 105% in the latest year. EBITDA rose 100% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2021-22 to FY 2023-24in the company report |
|---|---|---|
| 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 | ₹11.53 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹11.55 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 2021-22 to FY 2023-24in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 31.6% | |
| Net Profit Margin | -31.7% | |
| 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, and every line for FY 2021-22 to FY 2023-24, 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 Greencell Surat are in the company report.
: available in the company report
Board of Directors of Greencell Surat Private Limited
Greencell Surat has 2 current directors and 2 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, GC Smart MP Private Limited, GC Smart Puducherry Private Limited and 2 more | Director | 23 Feb 2022 | 4 Years 7 Months | Current |
| Sharadchandra Ishwar Kedare Also directs: GC Smart MP Private Limited, Movez EV Bus (One) Private Limited, Delhi City Electric Bus Operations Private Limited and 4 more | Director | 23 Feb 2022 | 4 Years 7 Months | Current |
Peer Comparison
Greencell Surat Private Limited is compared with the 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). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kanker Roadways Private Limited | ₹43.61 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Raipur, Chhattisgarh, India |
| Shreekumar Logistics India Private Limited | ₹39.33 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | Honavar, Karnataka, India |
| Kabra Express Logistics Private Limited | ₹37.86 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Ahmedabad, Gujarat, India |
| Greencell Surat Private Limited this company | ₹36.45 Cr (FY 2025) | •••• | •••• | 105.0% | •••• | Mumbai, Maharashtra, India |
| Aman Bus Services Private Limited | ₹36.07 Cr (FY 2024) | •••• | •••• | 26.0% | •••• | Delhi, India |
| Hansa City Bus Services (Mumbai) Private Limited | ₹34.25 Cr (FY 2025) | •••• | •••• | -57.0% | •••• | Mumbai, Maharashtra, India |
Peers are the companies nearest to Greencell Surat by revenue, above and below it, 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. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
Greencell Surat Private Limited is audited by Suresh Surana & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Suresh Surana & Associates LLP | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Oct 2023 | Others | ₹132.7 Cr | Open |
| 27 Jun 2022 | Others | ₹50 Cr | Satisfied |
| 22 Jun 2022 | Others | ₹114.9 Cr | Satisfied |
| 21 Jun 2022 | Others | ₹67.65 Cr | Satisfied |
Total charge records: 4 View all charges
Deals & Funding
Greencell Surat Private Limited has 2 deals on record (1 debt financing, 1 funding round), with disclosed funding of ₹79.22 Cr; the latest was in April 2022.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2022 | Debt financing | ₹69.32 Cr | Investors: Greencell Mobility Private Limited |
| Apr 2022 | Funding round | ₹9.9 Cr | Investors: Greencell Mobility Private Limited , Pmi Electro Mobility Solutions Private Limited |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
Greencell Surat Private Limited has 44 court cases on record: 44 filed against it. 7 cases are pending and 37 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 44 | 44 | 7 |
Cases on record (5 of 44)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Motor accident claim | Filed against the company | Pending |
| District court, SURAT, Gujarat | Court case (MACMA) | Filed against the company | Disposed |
| District court, SURAT, Gujarat | Motor accident claim | Filed against the company | Disposed |
| District court, SURAT, Gujarat | Court case (MACMA) | Filed against the company by an individual | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
: available in 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
Greencell Surat Private Limited has 3 MSME Form 1 returns on record between 2022 and 2023, listing 11 overdue payments to 7 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 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| VTR Infotech Private Limited | •••• | •••• | •••• |
| Beamteam Safety Products Private Limited | •••• | •••• | •••• |
| Amnex Infotechnologies Private Limited | •••• | •••• | •••• |
| Pro SM Power Solutions Private Limited | •••• | •••• | •••• |
| Adh Labs Private Limited | •••• | •••• | •••• |
: available in the company report
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance
Greencell Surat Private Limited has a workforce of 6 employees as of Apr 07, 2024.
: available in the company report
Recent Activity
Greencell Surat Private Limited has 4 board changes on record since 2022: 2 appointments and 2 cessations. The latest: Sumit Mittal ceased to be Director on 19 Mar 2024.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Greencell Surat has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCG6004C1Z5 | Gujarat | Active | 04 Jul 2022 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Greencell Surat 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 23 February 2022 (4+ years old) and is registered under CIN U40106MH2022PTC377331.
Greencell Surat has 2 current directors:
- Arpit Agarwal - Director
- Sharadchandra Ishwar Kedare - Director
The latest financial statements of Greencell Surat 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 Surat is 24AAJCG6004C1Z5, registered in Gujarat.
The CIN (Corporate Identification Number) of Greencell Surat is U40106MH2022PTC377331. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Greencell Surat has 44 court cases on record: 44 filed against it. 7 are pending.
Greencell Surat was incorporated on 23 February 2022, making it 4+ years old. It is registered with the Registrar of Companies, Mumbai.
Greencell Surat has 2 deals on record (1 debt financing, 1 funding round), with disclosed funding of ₹79.22 Cr; the latest was in April 2022.
The peers of Greencell Surat by revenue are Kanker Roadways Private Limited, Shreekumar Logistics India Private Limited, Kabra Express Logistics Private Limited, Aman Bus Services Private Limited, Hansa City Bus Services (Mumbai) Private Limited, all in the Transport and Logistics industry (Private Bus Operators), with the same principal business activity (land transport via road).
Sumit Mittal ceased to be Director on 19 Mar 2024. Arpit Agarwal ceased to be Additional Director on 28 Sep 2023. Arpit Agarwal was appointed as Director on 23 Feb 2022. Greencell Surat has 4 board changes on record in total.
Greencell Surat has 3 MSME Form 1 returns on record between 2022 and 2023, listing 11 overdue payments to 7 micro and small suppliers. The latest return was filed on 29 Aug 2023.
The registered office of Greencell Surat is at Unit No. 405 4th Floor E Wing Corporate Avenue New A K Link Road Chakala Andheri Eas, T, Mumbai, Maharashtra, India – 400093.