GRG Smart Vehicle Private Limited

GRG Smart Vehicle Private Limited - automotive in Delhi, India. FY 2026 financials & compliance.
CIN U35990DL2018PTC329698 Incorporated 20 February 2018 ROC Delhi HQ Delhi, India
Active Private Limited Company automotive DPIIT Startup
Data last updated
Revenue · FY 2025
₹5.13 Lakh
▼ 99% YoY
Net profit · FY 2025
₹2.59 Cr
Latest filing
EBITDA · FY 2025
₹4.53 Lakh
EBITDA margin 88.2%
Authorised capital
₹10.01 Cr
Registered with MCA
Paid-up capital
₹10 Cr
Issued & subscribed
Satisfied charges
₹5 Cr
No open charges
Company age
8 yrs
Est. 2018
Employees · EPFO
3
Provident fund records

About GRG Smart Vehicle Private Limited

Data last updated:

GRG Smart Vehicle Private Limited is a private limited company based in Delhi, India, recognised as a startup by DPIIT. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 20 February 2018 and has been in existence for over 8 years.

The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U35990DL2018PTC329698. Its GSTIN is 07AAHCG1880G1ZL (Delhi). The company holds 3 GST registrations, all of them active.

The company has an authorised share capital of ₹10.01 Cr and a paid-up capital of ₹10 Cr. It is led by directors Jai Prakash Mishra and Ghanshyambhai Mukundbhai Kachhia.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 805 Aggarwal Millennium Tower – 1 Netaji Subhash Place Pitampura Delhi – 1, 10034, Delhi, India – 110034.

As per the financials filed for FY 2025, the company reported a revenue of ₹5.13 Lakh, a decline of 99% compared to the previous year. For the same year it recorded a net profit of ₹2.59 Cr and EBITDA of ₹4.53 Lakh (EBITDA margin 88.2%). Revenue has declined at a compounded annual rate (CAGR) of 60% over three years and 59% over five years.

The company has about 3 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 1 brand: GOWEL. As per MCA filings, the company has satisfied charges of ₹5 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹9 Cr; the latest was in March 2021.

For more details, the company can be reached via its website gowel.in.

Company details

CIN U35990DL2018PTC329698
Registration Number 329698
Incorporation Date 20 February 2018
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
Key People
Jai Prakash Mishra Director Ghanshyambhai Mukundbhai Kachhia Director

Recognitions & Rankings of GRG Smart Vehicle

DPIIT recognised startup Government of India
Startup India

Contact details

GRG Smart Vehicle Private Limited's registered office is in Delhi, Delhi. Its website is gowel.in. Its e-mail address is in the company report.

  • Email
  • Website
    gowel.in
  • Social Media
  • Apps
  • Registered Address
    805 Aggarwal Millennium Tower – 1 Netaji Subhash Place Pitampura Delhi – 1, 10034, Delhi, India – 110034
  • Industry
    Automotive, Electrical and Bio Fuel Vehicles

To see the full contact details of GRG Smart Vehicle Private Limited, buy the company report.

Comprehensive company report
GRG Smart Vehicle 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

GRG Smart Vehicle operates one associated brand: GOWEL. Each brand links to its own profile.

BrandDescriptionWebsite
GOWEL
Produces high-quality multi-category electric vehicles.gowel.in

Business activity

The main business activity of GRG Smart Vehicle is trade. In detail, this covers wholesale trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG1Wholesale Trading

To see the full business activity and turnover split of GRG Smart Vehicle Private Limited, buy the company report.

Financials of GRG Smart Vehicle Private Limited

FY 2025 filings available

GRG Smart Vehicle Private Limited reported revenue of ₹5.13 Lakh (down 99% YoY) for FY 2025.

Revenue · FY 2025
₹5.13 Lakh ▼ 99%
Net profit · FY 2025
₹2.59 Cr
EBITDA · FY 2025
₹4.53 Lakh margin 88.2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 99%
3 years · compounded
▼ 60%
5 years · compounded
▼ 59%
EBITDA CAGR growth
1 year
▼ 81%
3 years · compounded
▲ 27%
5 years · compounded
▲ 15%

Revenue has declined at a compounded annual rate (CAGR) of 59% over five years, including a 99% fall in the latest year. EBITDA fell 81% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
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₹4.53 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹2.59 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin88.2%
Net Profit Margin
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 GRG Smart Vehicle Private Limited, buy the company report.

Board of directors of GRG Smart Vehicle Private Limited

GRG Smart Vehicle has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Jai Prakash Mishra
Also directs: GRG Cotspin Limited, GRG Accessories Limited, GRG Cosmetics Private Limited and 5 more
Director19 Jun 20233 Years 4 MonthsCurrent
Ghanshyambhai Mukundbhai Kachhia
Also directs: GRG Cosmetics Private Limited, Rightgrowth Trading Private Limited, Aamantra Senior Living Private Limited and 3 more
Director30 Sep 20242 Years 1 MonthsCurrent
View all directors

Auditor

GRG Smart Vehicle Private Limited is audited by B A S K & ASSOCIATES for the financial year 2021.

Auditor firmFinancial yearFirm registration number
B A S K & ASSOCIATESFY 2021013552N

Shareholding

The shareholding of GRG Smart Vehicle Private Limited is on record for 2 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.

Shareholder categoryFY 2021FY 2019
Promoters
Domestic institutional investors (DII)
Public
Others

To see the full shareholding pattern of GRG Smart Vehicle Private Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹5 Cr
Breakdown by lending institutions
State Bank of India₹5.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
18 Jun 2019100271134State Bank of India₹5 CrSatisfied

To see the full charge records of GRG Smart Vehicle Private Limited, buy the company report.

Total charge records: 1 View all charges

Deals & funding

GRG Smart Vehicle Private Limited has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹9 Cr; the latest was in March 2021.

Total deals
4
Secondary share transfers
2
Rights issue
1
Funding round
1
Disclosed funding
₹9 Cr

Deals on record (4 of 4)

WhenDealAmountParties
Mar 2021Secondary share transferUndisclosedBuyer: an individual
Seller: MGN Agro Properties Private Limited
Jun 2019Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Mar 2019Funding round₹9 CrInvestors: Rightgrowth Trading Private Limited
Jun 2018Rights issue₹99 LakhInvestors: MGN Agro Properties Private Limited , Rightgrowth Trading Private Limited

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

GRG Smart Vehicle Private Limited was last rated by Care on 07 Apr 2020.

Rating agencyRated onRating
Care07 Apr 2020

To see the full credit ratings and regulatory alerts of GRG Smart Vehicle Private Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for GRG Smart Vehicle Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

GRG Smart Vehicle has 1 subsidiary company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
GRG Global Textiles LimitedU17299DL2020PLC372257

To see the full group structure of GRG Smart Vehicle Private Limited, buy the company report.

Employees & EPFO

GRG Smart Vehicle Private Limited has a workforce of 3 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.

Employee count
3
Active EPFO establishments
1
Employee growth
-84.21%

GST

GRG Smart Vehicle has 3 GST registrations: 3 active.

Total GSTINs
3
Active
3
GSTINStateStatusRegistered on
07AAHCG1880G1ZLDelhiActive03 May 2019
24AAHCG1880G1ZPGujaratActive29 May 2018
06AAHCG1880G1ZNHaryanaActive10 Jul 2018

To see the full GST registrations and return filing status of GRG Smart Vehicle Private Limited, buy the company report.

Recent activity

GRG Smart Vehicle Private Limited has 10 board changes on record since 2019: 2 appointments and 8 cessations. The latest: Ghanshyambhai Mukundbhai Kachhia was appointed as Director on 30 Sep 2024.

AGM
Grg Smart Vehicle Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Grg Smart Vehicle Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi Ii.
Appointed
Ghanshyambhai Mukundbhai Kachhia was appointed as Director.
Ceased
Vikas Bansal ceased to be Additional Director.
Ceased
Jai Prakash Mishra ceased to be Additional Director.
Appointed
Jai Prakash Mishra was appointed as Director.
Ceased
Arvind Kumar Tuteja ceased to be Additional Director.
Ceased
Yuvraj Goenka ceased to be Director.
Ceased
Yogesh Chander ceased to be Additional Director.
Charges
A charge registered on 18 Jun 2019 via Charge ID 100271134 with State Bank Of India was fully satisfied on 29 Oct 2020.
Ceased
Suresh Kumar Sharma ceased to be Director.
Ceased
Shashi Kant Goenka ceased to be Director.

4 earlier events are in the company report.

Frequently asked questions

GRG Smart Vehicle is an active private limited company based in Delhi, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 20 February 2018 (8+ years old) and is registered under CIN U35990DL2018PTC329698.

GRG Smart Vehicle has 2 current directors:

The latest financial statements of GRG Smart Vehicle on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2018 are in the company report.

The GSTIN of GRG Smart Vehicle is 07AAHCG1880G1ZL, registered in Delhi. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 24AAHCG1880G1ZP (Gujarat), 06AAHCG1880G1ZN (Haryana).

The CIN (Corporate Identification Number) of GRG Smart Vehicle is U35990DL2018PTC329698. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

GRG Smart Vehicle has 1 court case on record: 1 filed by the company.

GRG Smart Vehicle was incorporated on 20 February 2018, making it 8+ years old. It is registered with the Registrar of Companies, Delhi.

GRG Smart Vehicle has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹9 Cr; the latest was in March 2021.

Ghanshyambhai Mukundbhai Kachhia was appointed as Director on 30 Sep 2024. Vikas Bansal ceased to be Additional Director on 30 Sep 2024. Jai Prakash Mishra ceased to be Additional Director on 29 Sep 2023. GRG Smart Vehicle has 10 board changes on record in total.

Yes, GRG Smart Vehicle is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).