Jet Wheels Private Limited
About Jet Wheels Private Limited
Data last updated:
Jet Wheels Private Limited was a private limited company based in Hyderabad, Telangana, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the ride-hailing services segment of the transport and logistics sector. It was incorporated on 27 July 2016.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U74999TG2016PTC111158. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Rammohanreddy Kadira and Kadira Krishna Kanth Reddy.
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 was at Hyderabad, Telangana.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.21 Lakh, a decline of 97% compared to the previous year. For the same year it recorded a net loss of ₹1.05 Lakh (net margin -86.5%) and EBITDA of -₹70,786 (EBITDA margin -58.4%). Revenue has declined at a compounded annual rate (CAGR) of 42% over three years and 31% over five years.
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- Registered AddressH No 4 – 6 – 137/33/1 P No 89 Sai Nagar East Near Sai Baba Temple Allwyn Colony Kukat, Pally, Hyderabad, Telangana, India – 500072
- IndustryTransport and Logistics, Ride-Hailing Services
- 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
Financials of Jet Wheels Private Limited FY 2024 filings available
Jet Wheels Private Limited reported revenue of ₹1.21 Lakh (down 97% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Jet Wheels Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 31% over five years, including a 97% fall in the latest year. EBITDA rose 72% 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 Jet Wheels Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹70,786 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.05 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 Jet Wheels Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -58.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -86.5% | •••• | •••• | •••• | •••• |
| 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 Jet Wheels are in the company report.
Financial statements from FY 2017
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 Jet Wheels Private Limited
Jet Wheels Private Limited is compared with the companies closest to it by revenue in the Transport and Logistics industry (Call Taxi and Radio Cab Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ride Covenant Private Limited | ₹1.33 Lakh (FY 2022) | •••• | •••• | •••• | Gurugram, Haryana, India | |
| Aparajita Rental Services Private Limited | ₹1.32 Lakh (FY 2025) | •••• | •••• | 356.0% | •••• | Indore, Madhya Pradesh, India |
| Manor Travels Private Limited | ₹1.29 Lakh (FY 2025) | •••• | •••• | -41.0% | •••• | New Delhi, Delhi, India |
| Mukul Cab Private Limited | ₹1.28 Lakh (FY 2017) | •••• | •••• | •••• | Chandigarh, India | |
| Sicuro Cabs Private Limited | ₹1.25 Lakh (FY 2019) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Jet Wheels Private Limited this company | ₹1.21 Lakh (FY 2024) | •••• | •••• | -97.0% | •••• | Hyderabad, Telangana, India |
| Auto Quick Private Limited | ₹1.2 Lakh (FY 2019) | •••• | •••• | -77.0% | •••• | Mumbai, Maharashtra, India |
| Circle Asia(India) Private Limited | ₹1.2 Lakh (FY 2020) | •••• | •••• | -35.0% | •••• | Chennai, Tamil Nadu, India |
| Pinkline Cabs Private Limited | ₹1.13 Lakh (FY 2021) | •••• | •••• | 133.0% | •••• | Satna, Madhya Pradesh, India |
| Raykjavik Cabiocab Private Limited | ₹1.08 Lakh (FY 2023) | •••• | •••• | -22.0% | •••• | Lucknow, Uttar Pradesh, India |
| JK Elite Car Rental Private Limited | ₹1.05 Lakh (FY 2023) | •••• | •••• | -97.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Jet Wheels by revenue in the Transport and Logistics industry (Call Taxi and Radio Cab Services), 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 Jet Wheels Private Limited
Jet Wheels Private Limited is audited by C M T & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| C M T & ASSOCIATES | 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 Jet Wheels Private Limited
Jet Wheels has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rammohanreddy Kadira | Director | 27 Jul 2016 | 10 Years 2 Months | As last reported |
| Kadira Krishna Kanth Reddy Also directs: Connectify Solution Private Limited | Director | 27 Jul 2016 | 10 Years 2 Months | As last reported |
Ownership and Shareholding of Jet Wheels 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 Jet Wheels Private Limited
Jet Wheels Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Jet Wheels Private Limited
Employment history and EPFO contributions of people linked to Jet Wheels.
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 Jet Wheels Private Limited
Jet Wheels Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Kadira Krishna Kanth Reddy was appointed as Director on 27 Jul 2016.
Credit Ratings, Litigation & Regulatory Alerts for Jet Wheels 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.
MSME Payment Delays by Jet Wheels Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Jet Wheels 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 Jet Wheels Private Limited
Jet Wheels has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Jet Wheels 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 Jet Wheels Private Limited
Jet Wheels has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Jet Wheels was a private limited company based in Hyderabad, Telangana, India. The company worked in ride-hailing services, within the transport and logistics industry. It was incorporated on 27 July 2016 and is registered under CIN U74999TG2016PTC111158. The company has been struck off by the Registrar of Companies and is no longer operational.
Jet Wheels had 2 directors:
- Rammohanreddy Kadira - Director
- Kadira Krishna Kanth Reddy - Director
The CIN (Corporate Identification Number) of Jet Wheels is U74999TG2016PTC111158. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Jet Wheels is at H No 4 – 6 – 137331 P No 89 Sai Nagar East Near Sai Baba Temple Allwyn Colony Kukat, Pally, Hyderabad, Telangana, India – 500072.
Jet Wheels was incorporated on 27 July 2016. It is registered with the Registrar of Companies, Hyderabad.
Jet Wheels reported revenue of ₹1.21 Lakh for FY 2024 (down 97% YoY).
Jet Wheels has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.
Jet Wheels reported a net loss of ₹1.05 Lakh (net margin -86.5%) and EBITDA of -₹70,786 (EBITDA margin -58.4%) for FY 2024, as per its filed financial statements.
No. Jet Wheels has 1 GST registration on record and it is cancelled or inactive.
Jet Wheels operated in the transport and logistics industry, in the ride-hailing services segment. It worked in this industry before it was struck off.