- Udyam number
- UDYAM-HR-05-0002778

About Ipltech Electric Private Limited
Data last updated:
Ipltech Electric Private Limited is a private limited company based in Gurgaon, Haryana, India, a subsidiary of Ti Clean Mobility Private Limited. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 06 August 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U73100HR2019PTC081891. Its GSTIN is 06AAECI4718E1ZT (Haryana). The company holds 6 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹3.42 Lakh. It was formerly known as Iplt Tech Electric Private Limited. It is led by directors including Suresh Swaminathan and Mukesh Ahuja.
Its last annual general meeting (AGM) was held on 18 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Industrial Building At Shed No. 2 Plot No. 2, Haryana.
As per the financials filed for FY 2025, the company reported a revenue of ₹182.73 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹179.88 Cr (net margin -98.4%) and EBITDA of -₹136.37 Cr (EBITDA margin -74.6%). Revenue has grown at a compounded annual rate (CAGR) of 170% over three years.
The company has about 100 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: IPLTech Electric and Infraprime Logistics Technologies. As per MCA filings, the company has open charges of ₹290 Cr and satisfied charges of ₹4 Cr on record. Court records list 4 cases involving the company, including 4 filed against it; 1 case is pending. The company has 16 deals on record (10 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹156.67 Cr; the latest was in March 2025. Its 10 peer companies in the Automobiles industry (Electric and Bio Fuel Vehicles) are compared by revenue, 5 larger and 5 smaller; the largest is Kinetic Green Energy and Power Solutions Limited with revenue of ₹220.32 Cr. The company has 4 MSME Form 1 returns on record between 2020 and 2024, listing 30 overdue payments to 14 micro and small suppliers.
Ipltech Electric Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-HR-05-0002778). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website infraprimelogistics.com.
Recognitions & Rankings of Ipltech Electric
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressIndustrial Building At Shed No. 2 Plot No. 2, Sector M – 11 Transport Hub Imt Manesar Haryana, Gurgaon, Haryana, India – 122051
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
- 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
Associated Brands with Ipltech Electric Private Limited
Ipltech Electric operates two associated brands: IPLTech Electric and Infraprime Logistics Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electric trucks with advanced battery and tracking features are developed. | ipltelectric.com | |
| Electric heavy-duty trucks are developed for logistics and construction sectors. | infraprimelogistics.com |
Business Activity of Ipltech Electric Private Limited
The main business activity of Ipltech Electric is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles | 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
Verified entity values are shown only after access is granted.
Financials of Ipltech Electric Private Limited FY 2025 filings available
Ipltech Electric Private Limited reported revenue of ₹182.73 Cr (up 432% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ipltech Electric Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 170% over three years, including 432% growth in the latest year. EBITDA fell 88% 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 of Ipltech Electric Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹136.37 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹179.88 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 of Ipltech Electric Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -74.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -98.4% | •••• | •••• | •••• | •••• |
| 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 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 Ipltech Electric are in the company report.
Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Ipltech Electric Private Limited
Ipltech Electric has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Swaminathan Also directs: G.G. Tronics India Private Limited, Ti Medical Private Limited, Moshine Electronics Private Limited and 1 more | Director | 21 Sep 2022 | 4 Years 0 Months | Current |
| Mukesh Ahuja Also directs: Ti Medical Private Limited, Moshine Electronics Private Limited, Shanthi Gears Limited and 5 more | Director | 21 Sep 2022 | 4 Years 0 Months | Current |
| Jalaj Gupta | Director | 06 Dec 2024 | 1 Years 10 Months | Current |
Peer Comparison of Ipltech Electric Private Limited
Ipltech Electric Private Limited is compared with the companies closest to it by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kinetic Green Energy and Power Solutions Limited | ₹220.32 Cr (FY 2025) | •••• | •••• | -25.0% | •••• | Pune, Maharashtra, India |
| Daulat Ram Engineering Services Limited | ₹209.71 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Mandideep, Madhya Pradesh, India |
| Euler Motors Private Limited | ₹206 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | New Delhi, Delhi, India |
| Zeniak Innovation India Limited | ₹186.07 Cr (FY 2024) | •••• | •••• | 25.0% | •••• | Kolkata, West Bengal, India |
| Tunwal E-Motors Limited | ₹184.87 Cr (FY 2025) | •••• | •••• | 75.0% | •••• | Pune, Maharashtra, India |
| Ipltech Electric Private Limited this company | ₹182.73 Cr (FY 2025) | •••• | •••• | 432.0% | •••• | Gurgaon, Haryana, India |
| Zelio E-Mobility Limited | ₹173.8 Cr (FY 2025) | •••• | •••• | 83.0% | •••• | Hisar, Haryana, India |
| Maks Eco-Mobility Private Limited | ₹173 Cr (FY 2024) | •••• | •••• | 950.0% | •••• | Pune, Maharashtra, India |
| Virya Electric Powertrains Private Limited | ₹168.51 Cr (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Terra Motors India Private Limited | ₹161.95 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Kolkata, West Bengal, India |
| Lectrix Motors Private Limited | ₹158.64 Cr (FY 2016) | •••• | •••• | 255.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Ipltech Electric by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ipltech Electric Private Limited
Ipltech Electric Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Walker Chandiok & Co LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Ipltech Electric Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ipltech Electric Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Dec 2025 | State Bank of India | ₹100 Cr | Open |
| 13 Sep 2023 | The Hongkong and Shanghai Banking Corporation Limited | ₹100 Cr | Open |
| 07 Oct 2022 | Axis Bank Limited | ₹90 Cr | Open |
| 19 Mar 2021 | Others | ₹4 Cr | Satisfied |
Total charge records: 4 View all charges
Deals & Funding of Ipltech Electric Private Limited
Ipltech Electric Private Limited has 16 deals on record (10 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹156.67 Cr; the latest was in March 2025.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Secondary share transfer | Undisclosed | Buyer: Ti Clean Mobility Private Limited Seller: Dis Ventures Private Limited , 3 individuals |
| Nov 2024 | Rights issue | ₹199.73 Cr | Investors: Ti Clean Mobility Private Limited , Shambho Trust, 2 individuals |
| May 2023 | Secondary share transfer | Undisclosed | Buyer: Ti Clean Mobility Private Limited Seller: 2 individuals |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Ti Clean Mobility Private Limited , Dis Ventures Private Limited Seller: 4 individuals |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Ti Clean Mobility Private Limited Seller: an individual |
Full deal history
All 16 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Ipltech Electric Private Limited
Ipltech Electric Private Limited has 4 court cases on record: 4 filed against it. 1 case is pending and 3 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ghaziabad, Uttar Pradesh | Criminal case | Filed against the company by State Government | Pending |
| District court, Ghaziabad, Uttar Pradesh | Criminal case | Filed against the company by State Government | Disposed |
| High Court of Punjab and Haryana | Arbitration matter | Filed against the company by an individual | Disposed |
| District court, Sundargarh, Odisha | Court case (U.I. Rural) | Filed against the company by State of Odisha | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Ipltech Electric Private Limited
Ipltech Electric Private Limited has 4 MSME Form 1 returns on record between 2020 and 2024, listing 30 overdue payments to 14 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 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| JSK Engineering Industries | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Gir Movers Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 4 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
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 at Ipltech Electric Private Limited
Ipltech Electric Private Limited has a workforce of 100 employees as of Apr 01, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Ipltech Electric Private Limited
Ipltech Electric Private Limited has 10 board changes on record since 2022: 3 appointments and 7 cessations. The latest: Jalaj Gupta ceased to be Additional Director on 17 Jul 2025.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ipltech Electric Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ipltech Electric Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ipltech Electric Private Limited
Ipltech Electric has 6 GST registrations: 3 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAECI4718E1ZT | Haryana | Active | 01 Jul 2017 |
| 06AAFCI3629B1ZY | Haryana | Active | 10 Dec 2019 |
| 09AAECI4718E1ZN | Uttar Pradesh | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ipltech Electric Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Ipltech Electric Private Limited
Frequently Asked Questions about Ipltech Electric Private Limited
Ipltech Electric is an active private limited company based in Gurgaon, Haryana, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 06 August 2019 (7+ years old) and is registered under CIN U73100HR2019PTC081891.
Ipltech Electric reported revenue of ₹182.73 Cr for FY 2025 (up 432% YoY).
Ipltech Electric has 3 current directors:
- Suresh Swaminathan - Director
- Mukesh Ahuja - Director
- Jalaj Gupta - Director
Ipltech Electric reported a net loss of ₹179.88 Cr (net margin -98.4%) and EBITDA of -₹136.37 Cr (EBITDA margin -74.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ipltech Electric is 170% over three years. In the latest year (FY 2025) revenue rose 432%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ipltech Electric is 06AAECI4718E1ZT, registered in Haryana. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 06AAFCI3629B1ZY (Haryana), 09AAECI4718E1ZN (Uttar Pradesh).
The CIN (Corporate Identification Number) of Ipltech Electric is U73100HR2019PTC081891. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ipltech Electric has 4 court cases on record: 4 filed against it. 1 is pending. Most are in the district courts.
Ipltech Electric was incorporated on 06 August 2019, making it 7+ years old. It is registered with the Registrar of Companies, Delhi.
Ipltech Electric has 16 deals on record (10 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹156.67 Cr; the latest was in March 2025.
The peers of Ipltech Electric by revenue are Kinetic Green Energy and Power Solutions Limited, Daulat Ram Engineering Services Limited, Euler Motors Private Limited, Zeniak Innovation India Limited, Tunwal E-Motors Limited and 5 more, all in the Automobiles industry (Electric and Bio Fuel Vehicles).
Jalaj Gupta ceased to be Additional Director on 17 Jul 2025. Kalyan Kumar Paul ceased to be Director on 20 Dec 2024. Jalaj Gupta was appointed as Director on 06 Dec 2024. Ipltech Electric has 10 board changes on record in total.