Startup India Government of India
Hym Drive Systems Private Limited - automotive in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹3.09 Cr
▲ 229% YoY
Net loss · FY 2025
₹6.49 Cr
Net margin -209.9%
EBITDA · FY 2025
-₹2.89 Cr
EBITDA margin -93.6%
Authorised capital
₹32 Cr
Registered with MCA
Paid-up capital
₹32 Cr
Issued & subscribed
Company age
4 yrs
Est. 2022
Employees · EPFO
34
Provident fund records
Directors on board
3
As per MCA filings
About Hym Drive Systems Private Limited
Data last updated:
Hym Drive Systems Private Limited is a private limited company based in Ludhiana, Punjab, India, a subsidiary of Hero Motors Limited and recognised as a startup by DPIIT. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 18 February 2022.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U35999PB2022PTC055274. Its GSTIN is 03AAGCH1816C1Z9 (Punjab).
The company has an authorised share capital of ₹32 Cr and a paid-up capital of ₹32 Cr. It is led by directors including Amit Gupta and Anil Rathi.
Its last annual general meeting (AGM) was held on 23 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Hero Nagar G.T. Road, Ludhiana, Punjab, India – 141003.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.09 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹6.49 Cr (net margin -209.9%) and EBITDA of -₹2.89 Cr (EBITDA margin -93.6%).
The company has about 34 employees on its provident fund (EPFO) records.
Hym Drive Systems Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0079422). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hymdrivesystems.com.
Company details
CIN U35999PB2022PTC055274
Registration Number 055274
Incorporation Date 18 February 2022
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 23 July 2025
Date of Balance Sheet 31 March 2025
Parent Company Hero Motors Limited
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-PB-12-0079422
Recognitions & Rankings of Hym Drive Systems
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-PB-12-0079422
Contact details
Hym Drive Systems Private Limited's registered office is in Ludhiana, Punjab. Its website is hymdrivesystems.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressHero Nagar G.T. Road, Ludhiana, Punjab, India – 141003
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
To see the full contact details of Hym Drive Systems Private Limited, buy the company report.
Comprehensive company report
Hym Drive Systems 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
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Business activity
The main business activity of Hym Drive Systems is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles |
To see the full business activity and turnover split of Hym Drive Systems Private Limited, buy the company report.
Financials of Hym Drive Systems Private Limited
FY 2025 filings availableHym Drive Systems Private Limited reported revenue of ₹3.09 Cr (up 229% YoY) for FY 2025.
Revenue · FY 2025
₹3.09 Cr ▲ 229%
Net loss · FY 2025
₹6.49 Cr margin -209.9%
EBITDA · FY 2025
-₹2.89 Cr margin -93.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 229%
EBITDA CAGR growth
1 year
▼ 47%
Revenue rose 229% in the latest year. EBITDA fell 47% in the latest 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 | -₹2.89 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹6.49 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 | -93.6% | |||
| Net Profit Margin | -209.9% | |||
| 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 Hym Drive Systems Private Limited, buy the company report.
Board of directors of Hym Drive Systems Private Limited
Hym Drive Systems has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Gupta Also directs: Munjal STP Industries Private Limited, Hero Motors Limited, Hero Edu Systems Private Limited and 5 more | Director | 18 Feb 2022 | 4 Years 8 Months | Current |
| Anil Rathi Also directs: Hero Edu Systems Private Limited | Director | 18 Feb 2022 | 4 Years 8 Months | Current |
| Abhishek Munjal Also directs: Munjal STP Industries Private Limited, Hero Motors Limited, Hero Edu Systems Private Limited and 5 more | Director | 18 Feb 2022 | 4 Years 8 Months | Current |
Peer comparison
Hym Drive Systems Private Limited is compared with the 3 companies closest to it by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hym Drive Systems Private Limitedthis company | ₹3.09 Cr (FY 2025) | -₹6.49 Cr | -209.9% | 229.0% | 34 | Ludhiana, Punjab, India |
| E-Vishwa Electobike Private Limited | ₹3.03 Cr (FY 2023) | 44.0% | Thane, Maharashtra, India | |||
| Roarleo Motor Private Limited | ₹3.02 Cr (FY 2024) | 57.0% | Muzaffarnagar, Uttar Pradesh, India | |||
| Rissala Electric Motors Limited | ₹3 Cr (FY 2024) | -67.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Hym Drive Systems Private Limited, buy the company report.
Auditor
Hym Drive Systems Private Limited is audited by B D Bansal & Co for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B D Bansal & Co | FY 2024 | 000621N |
Shareholding
The shareholding of Hym Drive Systems Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Hym Drive Systems Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Hym Drive Systems Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hym Drive Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Hym Drive Systems Private Limited has a workforce of 34 employees on its EPFO records as of Mar 25, 2024, across 1 active EPFO establishment.
Employee count
34
Active EPFO establishments
1
Employee growth
13.33%
GST
Hym Drive Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAGCH1816C1Z9 | Punjab | Active | 16 May 2022 |
To see the full GST registrations and return filing status of Hym Drive Systems Private Limited, buy the company report.
Recent activity
Hym Drive Systems Private Limited has 3 board changes on record since 2022: 3 appointments. The latest: Abhishek Munjal was appointed as Director on 18 Feb 2022.
AGM
Hym Drive Systems Private Limited last Annual general meeting of members was held on 23 Jul 2025 as per latest MCA records.
Filing
Hym Drive Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Appointed
Abhishek Munjal was appointed as Director.
Appointed
Amit Gupta was appointed as Director.
Appointed
Anil Rathi was appointed as Director.
Incorporation
18 Feb 2022
Hym Drive Systems Private Limited was registered on 18 Feb 2022 with Roc Chandigarh & aged 4 years 8 months as per MCA records.
Frequently asked questions
Hym Drive Systems is an active private limited company based in Ludhiana, Punjab, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 18 February 2022 (4+ years old) and is registered under CIN U35999PB2022PTC055274.
Hym Drive Systems has 3 current directors:
- Amit Gupta - Director
- Anil Rathi - Director
- Abhishek Munjal - Director
The latest financial statements of Hym Drive Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 July 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Hym Drive Systems is 03AAGCH1816C1Z9, registered in Punjab.
The CIN (Corporate Identification Number) of Hym Drive Systems is U35999PB2022PTC055274. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hym Drive Systems was incorporated on 18 February 2022, making it 4+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Hym Drive Systems by revenue are E-Vishwa Electobike Private Limited, Roarleo Motor Private Limited, Rissala Electric Motors Limited, all in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles).
Abhishek Munjal was appointed as Director on 18 Feb 2022. Amit Gupta was appointed as Director on 18 Feb 2022. Anil Rathi was appointed as Director on 18 Feb 2022.
Yes, Hym Drive Systems is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Hym Drive Systems is registered as a small enterprise under Udyam registration (number: UDYAM-PB-12-0079422).
Hym Drive Systems can be reached through the website hymdrivesystems.com. Its registered office is in Ludhiana, Punjab, India.
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