Jaswal Cycles Private Limited
About Jaswal Cycles Private Limited
Data last updated:
Jaswal Cycles Private Limited is a private limited company based in Punjab, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 30 August 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U35929PB1995PTC016978. Its GSTIN is 03AAACJ4164H1ZW (Punjab).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹28.23 Lakh. It is led by directors including Harvinder Singh Jaswal and Jatinder Kaur Jaswal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at C 100 Phase Vfocal Point Ludhiana, Punjab, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.92 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹68.09 Lakh (net margin 9.8%) and EBITDA of ₹95.98 Lakh (EBITDA margin 13.9%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 14% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹2.35 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressC 100 Phase Vfocal Point Ludhiana, Punjab, India
- IndustryAutomotive, Auto Parts & Components
- 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 of Jaswal Cycles Private Limited
The main business activity of Jaswal Cycles is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | 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 Jaswal Cycles Private Limited FY 2024 filings available
Jaswal Cycles Private Limited reported revenue of ₹6.92 Cr (down 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Jaswal Cycles Private Limited
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA fell 47% 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 Jaswal Cycles 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 | ₹95.98 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹68.09 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 of Jaswal Cycles Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.8% | •••• | •••• | •••• | •••• |
| 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 Jaswal Cycles are in the company report.
Financial statements from 2015
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.
Peer Comparison of Jaswal Cycles Private Limited
Jaswal Cycles Private Limited is compared with the companies closest to it by revenue in the Automobiles industry (Cycles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| JJ Cycles Private Limited | ₹7.89 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Delhi, India |
| Kgamigos Impex Private Limited | ₹7.79 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | Ludhiana, Punjab, India |
| P.J.Cycles Private Limited | ₹7.74 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Ludhiana, Punjab, India |
| Eastern Bicycle Private Limited | ₹7.44 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Ludhiana, Punjab, India |
| Rothman Cycles Pvt Ltd | ₹6.94 Cr (FY 2024) | •••• | •••• | -2.0% | •••• | Punjab, India |
| Jaswal Cycles Private Limited this company | ₹6.92 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Punjab, India |
| Arihant Wheels & Cycles Private Limited | ₹6.74 Cr (FY 2018) | •••• | •••• | -63.0% | •••• | Gorakhpur, Uttar Pradesh, India |
| Magma Impex Private Limited | ₹6.18 Cr (FY 2025) | •••• | •••• | 990.0% | •••• | Ludhiana, Punjab, India |
| Highstar Cycles Private Limited | ₹6.08 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Ludhiana, Punjab, India |
| Kwality Cycles Private Limited | ₹6.05 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | Punjab, India |
| Leader Cycles Limited | ₹5.43 Cr (FY 2020) | •••• | •••• | -49.0% | •••• | Ludhiana, Punjab, India |
Peers are the five companies nearest above and the five nearest below Jaswal Cycles by revenue in the Automobiles industry (Cycles), 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 Jaswal Cycles Private Limited
Jaswal Cycles Private Limited is audited by GUPTA VIGG & CO. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GUPTA VIGG & CO. | 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.
Board of Directors of Jaswal Cycles Private Limited
Jaswal Cycles has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harvinder Singh Jaswal | Director | 11 Sep 2017 | 9 Years 0 Months | Current |
| Jatinder Kaur Jaswal | Director | 21 Mar 2016 | 10 Years 6 Months | Current |
| Tarvinder Singh | Director | 30 Aug 1995 | 31 Years 1 Months | Current |
Ownership and Shareholding of Jaswal Cycles 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 Jaswal Cycles Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Jul 2009 | Union Bank of India | ₹6 Lakh | Satisfied |
| 21 Jan 1999 | Union Bank of India | ₹2 Lakh | Satisfied |
| 17 Dec 1997 | Union Bank of India | ₹3.8 Lakh | Satisfied |
| 14 Nov 1996 | Union Bank of India | ₹10 Lakh | Satisfied |
| 08 Jan 1996 | Union Bank of India | ₹2 Lakh | Satisfied |
Total charge records: 7 View all charges
Legal Cases of Jaswal Cycles Private Limited
Jaswal Cycles Private Limited has 4 court cases on record: 4 filed by Jaswal Cycles. All cases are disposed. Status as checked between 30 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against Safari Bikes Limited | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against Cute Products India | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against an individual | Disposed |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against State of PB | 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 Jaswal Cycles Private Limited
Jaswal Cycles Private Limited has 8 MSME Form 1 returns on record between 2019 and 2022, listing 86 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 |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 8 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 Jaswal Cycles Private Limited
Jaswal Cycles Private Limited has a workforce of 17 employees as of Apr 06, 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 Jaswal Cycles Private Limited
Jaswal Cycles Private Limited has 5 board changes on record since 1995: 3 appointments and 2 cessations. The latest: Harvinder Singh Jaswal ceased to be Additional Director on 29 Sep 2018.
13 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Jaswal Cycles 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 Jaswal Cycles 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 Jaswal Cycles Private Limited
Jaswal Cycles has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACJ4164H1ZW | Punjab | 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 Jaswal Cycles 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.
Frequently Asked Questions about Jaswal Cycles Private Limited
Jaswal Cycles is an active private limited company based in Punjab, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 30 August 1995 (31+ years old) and is registered under CIN U35929PB1995PTC016978.
Jaswal Cycles reported revenue of ₹6.92 Cr for FY 2025 (down 12% YoY).
Jaswal Cycles has 3 current directors:
- Harvinder Singh Jaswal - Director
- Jatinder Kaur Jaswal - Director
- Tarvinder Singh - Director
Jaswal Cycles reported a net profit of ₹68.09 Lakh (net margin 9.8%) and EBITDA of ₹95.98 Lakh (EBITDA margin 13.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Jaswal Cycles is -5% over three years and 14% over five years. In the latest year (FY 2025) revenue fell 12%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Jaswal Cycles is 03AAACJ4164H1ZW, registered in Punjab.
The CIN (Corporate Identification Number) of Jaswal Cycles is U35929PB1995PTC016978. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jaswal Cycles has 4 court cases on record: 4 filed by the company. Most are in the district courts.
Jaswal Cycles was incorporated on 30 August 1995, making it 31+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Jaswal Cycles by revenue are JJ Cycles Private Limited, Kgamigos Impex Private Limited, P.J.Cycles Private Limited, Eastern Bicycle Private Limited, Rothman Cycles Pvt Ltd and 5 more, all in the Automobiles industry (Cycles).
Harvinder Singh Jaswal ceased to be Additional Director on 29 Sep 2018. Prem Kaur Jaswal ceased to be Director on 25 Sep 2017. Harvinder Singh Jaswal was appointed as Director on 11 Sep 2017. Jaswal Cycles has 5 board changes on record in total.
Jaswal Cycles has 8 MSME Form 1 returns on record between 2019 and 2022, listing 86 overdue payments to 14 micro and small suppliers. The latest return was filed on 23 Oct 2022.