MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0054101
Karnavati Wheels Private Limited - automotive in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹292.46 Cr
▼ 2% YoY
Net loss · FY 2025
₹1.02 Cr
Net margin -0.3%
EBITDA · FY 2025
₹5.48 Cr
EBITDA margin 1.9%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹93.05 Cr
Satisfied ₹10.86 Cr
Company age
7 yrs
Est. 2019
Employees · EPFO
70
Provident fund records
About Karnavati Wheels Private Limited
Data last updated:
Karnavati Wheels Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Punjab Automobiles (India) Private Limited. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 13 September 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U50401GJ2019PTC109912. Its GSTIN is 24AAHCK7978F1Z4 (Gujarat).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. 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 Next To Sola Fly – Over Nr. New High Court Sola, Ahmedabad, Gujarat, India – 380061.
As per the financials filed for FY 2025, the company reported a revenue of ₹292.46 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net loss of ₹1.02 Cr (net margin -0.3%) and EBITDA of ₹5.48 Cr (EBITDA margin 1.9%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 59% over five years.
The company has about 70 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹93.05 Cr and satisfied charges of ₹10.86 Cr on record. Court records list 3 cases involving the company, including 3 filed against it.
Karnavati Wheels Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0054101). For more details, the company can be reached via its website karnavati.co.
Company details
CIN U50401GJ2019PTC109912
Registration Number 109912
Incorporation Date 13 September 2019
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Punjab Automobiles (India) Private Limited
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0054101
Recognitions & Rankings of Karnavati Wheels
Contact details
Karnavati Wheels Private Limited's registered office is in Ahmedabad, Gujarat. Its website is karnavati.co. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressNext To Sola Fly – Over Nr. New High Court Sola, Ahmedabad, Gujarat, India – 380061
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Karnavati Wheels Private Limited, buy the company report.
Comprehensive company report
Karnavati Wheels 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 Wheels 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 Wheels Private Limited, buy the company report.
Financials of Karnavati Wheels Private Limited
FY 2024 filings availableKarnavati Wheels Private Limited reported revenue of ₹292.46 Cr (down 2% YoY) for FY 2025.
Revenue · FY 2025
₹292.46 Cr ▼ 2%
Net loss · FY 2025
₹1.02 Cr margin -0.3%
EBITDA · FY 2025
₹5.48 Cr margin 1.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 23%
5 years · compounded
▲ 59%
EBITDA CAGR growth
1 year
▼ 15%
3 years · compounded
▲ 13%
5 years · compounded
▲ 54%
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 59%. EBITDA fell 15% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Revenue from Operations | |||||
| Other Income | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹5.48 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.02 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.9% | ||||
| Net Profit Margin | -0.3% | ||||
| 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 Wheels Private Limited, buy the company report.
Board of directors of Karnavati Wheels Private Limited
Karnavati Wheels has 2 directors on record. No former directors are listed.
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 | 13 Sep 2019 | 7 Years 1 Months | Current |
| Inderpreet Singh Saluja Also directs: Param Automotive Private Limited, West Coast Motors Private Limited, Parklane Auto Private Limited and 5 more | Director | 13 Sep 2019 | 7 Years 1 Months | Current |
Peer comparison
Karnavati Wheels Private Limited is compared with the 10 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 |
|---|---|---|---|---|---|---|
| Wasan Motors Private Limited | ₹294.33 Cr (FY 2025) | -17.0% | Mumbai, Maharashtra, India | |||
| Nimar Motors Private Limited | ₹294.33 Cr (FY 2025) | 8.0% | Khargone, Madhya Pradesh, India | |||
| Commercial Auto Sales Private Limited | ₹293.33 Cr (FY 2025) | -1.0% | Allahabad, Uttar Pradesh, India | |||
| Shenbaka Cars Private Limited | ₹293.3 Cr (FY 2025) | 17.0% | Puducherry, India | |||
| V.S.T.Auto Ancillaries Private Limited | ₹292.66 Cr (FY 2024) | -14.0% | Bangalore, Karnataka, India | |||
| Karnavati Wheels Private Limitedthis company | ₹292.46 Cr (FY 2025) | -₹1.02 Cr | -0.3% | -2.0% | 70 | Ahmedabad, Gujarat, India |
| Shaan Cars Private Limited | ₹292.43 Cr (FY 2025) | 23.0% | Nashik, Maharashtra, India | |||
| Sanghi Cars (India) Private Limited | ₹292.08 Cr (FY 2025) | 10.0% | Jaipur, Rajasthan, India | |||
| Skuniverse Automobile Private Limited | ₹291.73 Cr (FY 2025) | 31.0% | Bulandshahr, Uttar Pradesh, India | |||
| Abhiyan Dealcomm Pvt Ltd | ₹289.11 Cr (FY 2025) | -35.0% | Kolkata, West Bengal, India | |||
| Jai Kumar Arun Kumar Private Limited | ₹289.03 Cr (FY 2025) | 17.0% | New Delhi, Delhi, India |
To see the full peer comparison of Karnavati Wheels Private Limited, buy the company report.
Auditor
Karnavati Wheels Private Limited is audited by R. R. S. & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. R. S. & Associates | FY 2023 | 118336W |
Shareholding
The shareholding of Karnavati Wheels Private Limited is on record for 4 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 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Karnavati Wheels Private Limited, buy the company report.
Charges & borrowings
Open charges
₹93.05 Cr
Satisfied charges
₹10.86 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jan 2022 | 100526620 | Others | ₹12 Cr | Open | |
| 22 Nov 2019 | 100302382 | Others | ₹81.05 Cr | Open | |
| 05 Apr 2023 | 100713871 | Axis Bank Limited | ₹10.86 Cr | Satisfied |
To see the full charge records of Karnavati Wheels Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Karnavati Wheels Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Total cases
3
Filed against the company
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| High Court, GUJARAT | Court case (CR.MA) | Filed against the company by an individual | Disposed |
| High Court, GUJARAT | Court case (SCR.A) | Filed against the company by individuals | Disposed |
To see the full case history of Karnavati Wheels Private Limited, buy the company report.
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
No delayed payments to MSME suppliers are on our record for Karnavati Wheels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Karnavati Wheels Private Limited has a workforce of 70 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
Employee count
70
Active EPFO establishments
1
Employee growth
-21.35%
GST
Karnavati Wheels has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCK7978F1Z4 | Gujarat | Active | 21 Sep 2019 |
To see the full GST registrations and return filing status of Karnavati Wheels Private Limited, buy the company report.
Recent activity
Karnavati Wheels Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Baljeetsingh Surjitsingh Bagga was appointed as Director on 13 Sep 2019.
Charges
A charge with Others of Rs. 81.05 Cr registered on 22 Nov 2019 with Charge ID 100302382 was modified on 13 Oct 2025.
AGM
Karnavati Wheels Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Karnavati Wheels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge registered on 05 Apr 2023 via Charge ID 100713871 with Axis Bank Limited was fully satisfied on 13 Dec 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 10.86 Cr with Charge ID 100713871 was registered on 05 Apr 2023.
Charges
A charge with Others of Rs. 12.00 Cr registered on 18 Jan 2022 with Charge ID 100526620 was modified on 04 Mar 2022.
Charges
A charge with Others amounted to Rs. 12.00 Cr with Charge ID 100526620 was registered on 18 Jan 2022.
Charges
A charge with Others amounted to Rs. 81.05 Cr with Charge ID 100302382 was registered on 22 Nov 2019.
Appointed
Baljeetsingh Surjitsingh Bagga was appointed as Director.
Appointed
Inderpreet Singh Saluja was appointed as Director.
Incorporation
13 Sep 2019
Karnavati Wheels Private Limited was registered on 13 Sep 2019 with Roc Ahmedabad & aged 7 years 1 month as per MCA records.
Frequently asked questions
Karnavati Wheels 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 13 September 2019 (7+ years old) and is registered under CIN U50401GJ2019PTC109912.
Karnavati Wheels has 2 current directors:
- Baljeetsingh Surjitsingh Bagga - Director
- Inderpreet Singh Saluja - Director
The latest financial statements of Karnavati Wheels 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 FY 2020 are in the company report.
The GSTIN of Karnavati Wheels is 24AAHCK7978F1Z4, registered in Gujarat.
The CIN (Corporate Identification Number) of Karnavati Wheels is U50401GJ2019PTC109912. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karnavati Wheels has 3 court cases on record: 3 filed against it. Most are in the high courts.
Karnavati Wheels was incorporated on 13 September 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Karnavati Wheels by revenue are Wasan Motors Private Limited, Nimar Motors Private Limited, Commercial Auto Sales Private Limited, Shenbaka Cars Private Limited, V.S.T.Auto Ancillaries Private Limited and 5 more, all in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading).
Baljeetsingh Surjitsingh Bagga was appointed as Director on 13 Sep 2019. Inderpreet Singh Saluja was appointed as Director on 13 Sep 2019.
Yes, Karnavati Wheels is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0054101).
Karnavati Wheels can be reached through the website karnavati.co. Its registered office is in Ahmedabad, Gujarat, India.
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