MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0029538
Karnavati Bikes Private Limited - automotive in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹49.11 Cr
▲ 31% YoY
Net profit · FY 2024
₹1.06 Cr
Net margin 2.2%
EBITDA · FY 2024
₹2.31 Cr
EBITDA margin 4.7%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹9.75 Cr
Secured borrowings
Company age
12 yrs
Est. 2014
Employees · EPFO
134
Provident fund records
About Karnavati Bikes Private Limited
Data last updated:
Karnavati Bikes Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 04 July 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U50500GJ2014PTC080013. Its GSTIN is 24AAFCK5539E1ZN (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Baljeetsingh Surjitsingh Bagga and Inderpreet Singh Saluja.
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 Shop No. 9 Swapneel – 5 Commerce Six Roads Navrangpura, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2024, the company reported a revenue of ₹49.11 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹1.06 Cr (net margin 2.2%) and EBITDA of ₹2.31 Cr (EBITDA margin 4.7%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 14% over five years.
The company has about 134 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹9.75 Cr on record.
Karnavati Bikes Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0029538). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website karnavati.co.
Company details
CIN U50500GJ2014PTC080013
Registration Number 080013
Incorporation Date 04 July 2014
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0029538
Recognitions & Rankings of Karnavati Bikes
Contact details
Karnavati Bikes Private Limited's registered office is in Ahmedabad, Gujarat. Its website is karnavati.co. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShop No. 9 Swapneel – 5 Commerce Six Roads Navrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Karnavati Bikes Private Limited, buy the company report.
Comprehensive company report
Karnavati Bikes 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 Karnavati Bikes is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Karnavati Bikes Private Limited, buy the company report.
Financials of Karnavati Bikes Private Limited
FY 2024 filings availableKarnavati Bikes Private Limited reported revenue of ₹49.11 Cr (up 31% YoY) for FY 2024.
Revenue · FY 2024
₹49.11 Cr ▲ 31%
Net profit · FY 2024
₹1.06 Cr margin 2.2%
EBITDA · FY 2024
₹2.31 Cr margin 4.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 31%
3 years · compounded
▲ 22%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▲ 496%
3 years · compounded
▲ 110%
5 years · compounded
▲ 58%
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 31% growth in the latest year. EBITDA rose 496% 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 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
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| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹2.31 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.06 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| 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 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.7% | ||||
| Net Profit Margin | 2.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Karnavati Bikes Private Limited, buy the company report.
Board of directors of Karnavati Bikes Private Limited
Karnavati Bikes has 2 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 |
|---|---|---|---|---|
| Baljeetsingh Surjitsingh Bagga Also directs: Kashpria Enterprises LLP, Param Automotive Private Limited, Karnavati Autowelt Private Limited and 5 more | Director | 04 Jul 2014 | 12 Years 4 Months | Current |
| Inderpreet Singh Saluja Also directs: Param Automotive Private Limited, West Coast Motors Private Limited, Karnavati Wheels Private Limited and 5 more | Director | 22 Aug 2014 | 12 Years 2 Months | Current |
Peer comparison
Karnavati Bikes Private Limited is compared with the 6 companies closest to it by revenue in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| R.S.Vehicles Private Limited | ₹49.31 Cr (FY 2025) | 21.0% | Aligarh, Uttar Pradesh, India | |||
| Harpreet Motors Private Limited | ₹49.28 Cr (FY 2025) | -5.0% | New Delhi, Delhi, India | |||
| Silpa Automech (Tiruchy) Private Limited | ₹49.18 Cr (FY 2025) | 0.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Karnavati Bikes Private Limitedthis company | ₹49.11 Cr (FY 2024) | ₹1.06 Cr | 2.2% | 31.0% | 134 | Ahmedabad, Gujarat, India |
| Gopinath Motor Private Limited | ₹49.03 Cr (FY 2025) | -16.0% | Surendranagar, Gujarat, India | |||
| Shanvi Automotives Private Limited | ₹49.01 Cr (FY 2025) | 78.0% | Kharagpur, West Bengal, India | |||
| Tirupati Motors Private Limited | ₹48.99 Cr (FY 2025) | 14.0% | Gwalior, Madhya Pradesh, India |
To see the full peer comparison of Karnavati Bikes Private Limited, buy the company report.
Auditor
Karnavati Bikes Private Limited is audited by GAURANG N. SHAH & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GAURANG N. SHAH & CO. | FY 2023 | 120843W |
Shareholding
The shareholding of Karnavati Bikes Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Karnavati Bikes Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.75 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 May 2025 | 101099361 | Hdfc Bank Limited | ₹1.75 Cr | Open | |
| 17 Feb 2020 | 100328072 | Others | ₹8 Cr | Open |
To see the full charge records of Karnavati Bikes Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Karnavati Bikes 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 Karnavati Bikes Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Karnavati Bikes Private Limited has a workforce of 134 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Employee count
134
Active EPFO establishments
2
Employee growth
18.6%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 134 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Karnavati Bikes Private Limited, buy the company report.
GST
Karnavati Bikes has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCK5539E1ZN | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karnavati Bikes Private Limited, buy the company report.
Recent activity
Karnavati Bikes Private Limited has 3 board changes on record since 2014: 2 appointments and 1 cessation. The latest: Surjitsingh Ravelsingh Bagga ceased to be Director on 23 Aug 2014.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 175.00 Lakh with Charge ID 101099361 was registered on 19 May 2025.
AGM
Karnavati Bikes Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Karnavati Bikes Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 800.00 Lakh registered on 17 Feb 2020 with Charge ID 100328072 was modified on 24 Mar 2023.
Charges
A charge with Others amounted to Rs. 800.00 Lakh with Charge ID 100328072 was registered on 17 Feb 2020.
Ceased
Surjitsingh Ravelsingh Bagga ceased to be Director.
Appointed
Inderpreet Singh Saluja was appointed as Director.
Appointed
Baljeetsingh Surjitsingh Bagga was appointed as Director.
Incorporation
04 Jul 2014
Karnavati Bikes Private Limited was registered on 04 Jul 2014 with Roc Ahmedabad & aged 12 years 4 months as per MCA records.
Frequently asked questions
Karnavati Bikes is an active private limited company based in Ahmedabad, Gujarat, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 04 July 2014 (12+ years old) and is registered under CIN U50500GJ2014PTC080013.
Karnavati Bikes has 2 current directors:
- Baljeetsingh Surjitsingh Bagga - Director
- Inderpreet Singh Saluja - Director
The latest financial statements of Karnavati Bikes on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Karnavati Bikes is 24AAFCK5539E1ZN, registered in Gujarat.
The CIN (Corporate Identification Number) of Karnavati Bikes is U50500GJ2014PTC080013. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karnavati Bikes was incorporated on 04 July 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Karnavati Bikes by revenue are R.S.Vehicles Private Limited, Harpreet Motors Private Limited, Silpa Automech (Tiruchy) Private Limited, Gopinath Motor Private Limited, Shanvi Automotives Private Limited and 1 more, all in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading).
Surjitsingh Ravelsingh Bagga ceased to be Director on 23 Aug 2014. Inderpreet Singh Saluja was appointed as Director on 22 Aug 2014. Baljeetsingh Surjitsingh Bagga was appointed as Director on 04 Jul 2014.
Yes, Karnavati Bikes is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0029538).
Karnavati Bikes can be reached through the website karnavati.co. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Karnavati Bikes is at Shop No. 9 Swapneel – 5 Commerce Six Roads Navrangpura, Ahmedabad, Gujarat, India – 380009.
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