DPIIT recognised startup Government of India
Startup India
Igowise Mobility Private Limited - automotive in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹26.71 Lakh
▲ 33% YoY
Net loss · FY 2024
₹73.08 Lakh
Net margin -273.6%
EBITDA · FY 2024
-₹37.56 Lakh
EBITDA margin -140.6%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹20.45 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Employees · EPFO
24
Provident fund records
Directors on board
3
As per MCA filings
About Igowise Mobility Private Limited
Data last updated:
Igowise Mobility Private Limited is a private limited company based in Bangalore, Karnataka, 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 22 June 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U34300KA2020PTC135144. Its GSTIN is 29AAFCI6722F1ZI (Karnataka).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹20.45 Lakh. It is led by directors including Sravan Kumar Appana (Managing Director) and Sai Babu Devabhaktuni.
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 Unit – A 806 Brigade Signature Towers Kattamnallur Gate Old Madras Road, Bangalore, Karnataka, India – 560067.
As per the financials filed for FY 2024, the company reported a revenue of ₹26.71 Lakh, a growth of 33% compared to the previous year. For the same year it recorded a net loss of ₹73.08 Lakh (net margin -273.6%) and EBITDA of -₹37.56 Lakh (EBITDA margin -140.6%). Revenue has grown at a compounded annual rate (CAGR) of 126% over three years.
The company has about 24 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: iGowise Mobility. The company has 1 deal on record (1 funding round), with disclosed funding of ₹8.2 Cr; the latest was in September 2025. Its 3 peer companies in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles) are compared by revenue, 2 larger and 1 smaller; the largest is M.L.R.Motors Limited with revenue of ₹27.61 Lakh. The company has 1 MSME Form 1 return on record for the period ending Mar 2023, listing 13 overdue payments to 13 micro and small suppliers.
Igowise Mobility Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0002285). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website beigo.bike.
Company details
CIN U34300KA2020PTC135144
Registration Number 135144
Incorporation Date 22 June 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0002285
Key People
Sravan Kumar Appana Managing Director Sai Babu Devabhaktuni Director Sujith Surendran Director Recognitions & Rankings of Igowise Mobility
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0002285
Contact details
Igowise Mobility Private Limited's registered office is in Bangalore, Karnataka. Its website is beigo.bike. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit – A 806 Brigade Signature Towers Kattamnallur Gate Old Madras Road, Bangalore, Karnataka, India – 560067
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
To see the full contact details of Igowise Mobility Private Limited, buy the company report.
Comprehensive company report
Igowise Mobility 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
Igowise Mobility operates one associated brand: iGowise Mobility. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electric scooters provide high torque and safety for urban commuting. | igowise.com |
Business activity
The main business activity of Igowise Mobility 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 Igowise Mobility Private Limited, buy the company report.
Financials of Igowise Mobility Private Limited
FY 2025 filings availableIgowise Mobility Private Limited reported revenue of ₹26.71 Lakh (up 33% YoY) for FY 2024.
Revenue · FY 2024
₹26.71 Lakh ▲ 33%
Net loss · FY 2024
₹73.08 Lakh margin -273.6%
EBITDA · FY 2024
-₹37.56 Lakh margin -140.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 33%
3 years · compounded
▲ 126%
EBITDA CAGR growth
1 year
▲ 78%
3 years · compounded
▼ 205%
Revenue has grown at a compounded annual rate (CAGR) of 126% over three years, including 33% growth in the latest year. EBITDA rose 78% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | -₹37.56 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹73.08 Lakh | |||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -140.6% | |||
| Net Profit Margin | -273.6% | |||
| 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 Igowise Mobility Private Limited, buy the company report.
Board of directors of Igowise Mobility Private Limited
Igowise Mobility has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sravan Kumar Appana Also directs: Eccentric Commuting Solutions Private Limited | Managing Director | 19 Jan 2022 | 4 Years 9 Months | Current |
| Sai Babu Devabhaktuni Also directs: Primerail Infralabs Private Limited | Director | 20 Jul 2024 | 2 Years 3 Months | Current |
| Sujith Surendran Also directs: Energiaelectrica Private Limited | Director | 22 Jun 2020 | 6 Years 4 Months | Current |
Peer comparison
Igowise Mobility 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 |
|---|---|---|---|---|---|---|
| M.L.R.Motors Limited | ₹27.61 Lakh (FY 2025) | -74.0% | Telangana, India | |||
| Entuple E-Mobility Private Limited | ₹27.46 Lakh (FY 2024) | -5.0% | Bangalore, Karnataka, India | |||
| Igowise Mobility Private Limitedthis company | ₹26.71 Lakh (FY 2024) | -₹73.08 Lakh | -273.6% | 33.0% | 24 | Bangalore, Karnataka, India |
| Deva Motors Private Limited | ₹26.04 Lakh (FY 2024) | 124.0% | Anjar, Gujarat, India |
To see the full peer comparison of Igowise Mobility Private Limited, buy the company report.
Auditor
Igowise Mobility Private Limited is audited by N G R & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N G R & CO | FY 2023 | 021188S |
Shareholding
The shareholding of Igowise Mobility Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Igowise Mobility Private Limited, buy the company report.
Deals & funding
Igowise Mobility Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹8.2 Cr; the latest was in September 2025.
Total deals
1
Funding round
1
Disclosed funding
₹8.2 Cr
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2025 | Funding round · Pre-seed | ₹8.2 Cr | Investors: 888vc, Guptaji Invests, an individual |
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 Igowise 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.
MSME payment delays
Igowise Mobility Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2023, listing 13 overdue payments to 13 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 13)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ivyclique AI Private Limited | |||
| Hilux Auto Electric Private Limited | |||
| Sri Ram Laser | |||
| an individual supplier | |||
| Surya Comoponents |
To see the full MSME payment records of Igowise Mobility Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Igowise Mobility Private Limited has a workforce of 24 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
24
Active EPFO establishments
1
Employee growth
4.35%
GST
Igowise Mobility has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCI6722F1ZI | Karnataka | Active | 06 Jul 2020 |
To see the full GST registrations and return filing status of Igowise Mobility Private Limited, buy the company report.
Recent activity
Igowise Mobility Private Limited has 7 board changes on record since 2020: 3 appointments and 4 cessations. The latest: Suresh Babu Salla ceased to be Managing Director on 08 Jun 2025.
AGM
Igowise Mobility Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Suresh Babu Salla ceased to be Managing Director.
Filing
Igowise Mobility Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Sai Babu Devabhaktuni was appointed as Director.
Ceased
Sravan Kumar Appana ceased to be Additional Director.
Ceased
Balamurugan Kavravam Gnaneswari Seenichamy ceased to be Additional Director.
Ceased
Laxminarasimha Swamy Penumancha ceased to be Director.
Appointed
Sravan Kumar Appana was appointed as Managing Director.
Appointed
Sujith Surendran was appointed as Director.
Incorporation
22 Jun 2020
Igowise Mobility Private Limited was registered on 22 Jun 2020 with Roc Bangalore & aged 6 years 4 months as per MCA records.
News
Frequently asked questions
Igowise Mobility is an active private limited company based in Bangalore, Karnataka, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 22 June 2020 (6+ years old) and is registered under CIN U34300KA2020PTC135144.
Igowise Mobility has 3 current directors:
- Sravan Kumar Appana - Managing Director
- Sai Babu Devabhaktuni - Director
- Sujith Surendran - Director
The latest financial statements of Igowise Mobility 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 2021 are in the company report.
The GSTIN of Igowise Mobility is 29AAFCI6722F1ZI, registered in Karnataka.
The CIN (Corporate Identification Number) of Igowise Mobility is U34300KA2020PTC135144. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Igowise Mobility was incorporated on 22 June 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Igowise Mobility has 1 deal on record (1 funding round), with disclosed funding of ₹8.2 Cr; the latest was in September 2025.
The peers of Igowise Mobility by revenue are M.L.R.Motors Limited, Entuple E-Mobility Private Limited, Deva Motors Private 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).
Suresh Babu Salla ceased to be Managing Director on 08 Jun 2025. Sai Babu Devabhaktuni was appointed as Director on 20 Jul 2024. Sravan Kumar Appana ceased to be Additional Director on 24 Sep 2022. Igowise Mobility has 7 board changes on record in total.
Yes, Igowise Mobility is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Igowise Mobility is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0002285).
Igowise Mobility has 1 MSME Form 1 return on record for the period ending Mar 2023, listing 13 overdue payments to 13 micro and small suppliers. The latest return was filed on 30 Apr 2023.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages