MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-UP-58-0000081
Khalsae-Vehicles Private Limited - automotive in Muzaffarnagar, Uttar Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹115.54 Cr
▼ 3% YoY
Net profit · FY 2025
₹3.32 Cr
Net margin 2.9%
EBITDA · FY 2025
₹6.53 Cr
EBITDA margin 5.6%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹3 Lakh
Issued & subscribed
Open charges
₹30.78 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
175
Provident fund records
About Khalsae-Vehicles Private Limited
Data last updated:
Khalsae-Vehicles Private Limited is a private limited company based in Muzaffarnagar, Uttar Pradesh, India. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 06 June 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U35999UP2020PTC129211. Its GSTIN is 09AAICK1054H1ZK (Uttar Pradesh).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹3 Lakh. It is led by directors Shivam Narang and Satyam Narang.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 366 Rampuri Roorkee Road, Muzaffarnagar, Uttar Pradesh, India – 251001.
As per the financials filed for FY 2025, the company reported a revenue of ₹115.54 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹3.32 Cr (net margin 2.9%) and EBITDA of ₹6.53 Cr (EBITDA margin 5.6%). Revenue has grown at a compounded annual rate (CAGR) of 57% over three years.
The company has about 175 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Khalsa. As per MCA filings, the company has open charges of ₹30.78 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 1 deal on record (1 funding round), with disclosed funding of ₹18 Lakh; the latest was in September 2021. Its 3 peer companies in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles) are compared by revenue, 1 larger and 2 smaller; the largest is Aeroeagle Automobiles Private Limited with revenue of ₹117.75 Cr.
Khalsae-Vehicles Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-UP-58-0000081). For more details, the company can be reached via its website khalsaev.com.
Company details
CIN U35999UP2020PTC129211
Registration Number 129211
Incorporation Date 06 June 2020
ROC Uttar Pradesh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification MSME
Udyam Registration UDYAM-UP-58-0000081
Key People
Shivam Narang Director Satyam Narang Director Recognitions & Rankings of Khalsae-Vehicles
Contact details
Khalsae-Vehicles Private Limited's registered office is in Muzaffarnagar, Uttar Pradesh. Its website is khalsaev.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address366 Rampuri Roorkee Road, Muzaffarnagar, Uttar Pradesh, India – 251001
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
To see the full contact details of Khalsae-Vehicles Private Limited, buy the company report.
Comprehensive company report
Khalsae-Vehicles 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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Brands
Khalsae-Vehicles operates one associated brand: Khalsa. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures high-quality electric rickshaws for commercial use. | khalsaev.com |
Business activity
The main business activity of Khalsae-Vehicles is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles |
To see the full business activity and turnover split of Khalsae-Vehicles Private Limited, buy the company report.
Financials of Khalsae-Vehicles Private Limited
FY 2025 filings availableKhalsae-Vehicles Private Limited reported revenue of ₹115.54 Cr (down 3% YoY) for FY 2025.
Revenue · FY 2025
₹115.54 Cr ▼ 3%
Net profit · FY 2025
₹3.32 Cr margin 2.9%
EBITDA · FY 2025
₹6.53 Cr margin 5.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 57%
EBITDA CAGR growth
1 year
▲ 11%
3 years · compounded
▲ 77%
Revenue fell 3% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 57%. EBITDA rose 11% 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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| EBITDA | ₹6.53 Cr | ||||
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| Net Profit (PAT) | ₹3.32 Cr | ||||
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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 | 5.6% | ||||
| Net Profit Margin | 2.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Khalsae-Vehicles Private Limited, buy the company report.
Board of directors of Khalsae-Vehicles Private Limited
Khalsae-Vehicles has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shivam Narang | Director | 06 Jun 2020 | 6 Years 4 Months | Current |
| Satyam Narang | Director | 06 Jun 2020 | 6 Years 4 Months | Current |
Peer comparison
Khalsae-Vehicles Private Limited is compared with the 3 companies closest to it by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aeroeagle Automobiles Private Limited | ₹117.75 Cr (FY 2025) | 668907.0% | Kalyan, Maharashtra, India | |||
| Khalsae-Vehicles Private Limitedthis company | ₹115.54 Cr (FY 2025) | ₹3.32 Cr | 2.9% | -3.0% | 175 | Muzaffarnagar, Uttar Pradesh, India |
| Milyf Automotive Private Limited | ₹114.38 Cr (FY 2025) | 55.0% | Kolkata, West Bengal, India | |||
| Big Bull Trader Private Limited | ₹110.86 Cr (FY 2025) | 7.0% | Howrah, West Bengal, India |
To see the full peer comparison of Khalsae-Vehicles Private Limited, buy the company report.
Auditor
Khalsae-Vehicles Private Limited is audited by SANJAY SANGAL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANJAY SANGAL & ASSOCIATES | FY 2023 | 0006932C |
Shareholding
The shareholding of Khalsae-Vehicles Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Khalsae-Vehicles Private Limited, buy the company report.
Charges & borrowings
Open charges
₹30.78 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 May 2025 | 101123732 | Hdfc Bank Limited | ₹16 Lakh | Open | |
| 14 May 2024 | 100927909 | Axis Bank Limited | ₹2.5 Cr | Open | |
| 28 Jul 2023 | 100761440 | Hdfc Bank Limited | ₹37.77 Lakh | Open | |
| 10 May 2023 | 100726596 | Hdfc Bank Limited | ₹11.9 Lakh | Open | |
| 22 Aug 2022 | 100683667 | Hdfc Bank Limited | ₹14.85 Lakh | Open |
To see the full charge records of Khalsae-Vehicles Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Khalsae-Vehicles Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹18 Lakh; the latest was in September 2021.
Total deals
1
Funding round
1
Disclosed funding
₹18 Lakh
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2021 | Funding round | ₹18 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Khalsae-Vehicles Private Limited has 2 court cases on record: 1 filed by Khalsae-Vehicles, 1 filed against it. All cases are disposed.
Total cases
2
Filed by the company
1
Filed against the company
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State of U.P. | Disposed |
| High Court, West Bengal | Writ petition | Filed by the company against State of West Bengal and Ors. | Disposed |
To see the full case history of Khalsae-Vehicles 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 Khalsae-Vehicles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Khalsae-Vehicles Private Limited has a workforce of 175 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
175
Active EPFO establishments
1
Employee growth
96.63%
GST
Khalsae-Vehicles has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAICK1054H1ZK | Uttar Pradesh | Active | 23 Jun 2020 |
To see the full GST registrations and return filing status of Khalsae-Vehicles Private Limited, buy the company report.
Recent activity
Khalsae-Vehicles Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Satyam Narang was appointed as Director on 06 Jun 2020.
AGM
Khalsae-Vehicles Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Axis Bank Limited of Rs. 2,727.00 Lakh registered on 02 Dec 2021 with Charge ID 100511047 was modified on 11 Jun 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 16.00 Lakh with Charge ID 101123732 was registered on 27 May 2025.
Filing
Khalsae-Vehicles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Uttar Pradesh Ii.
Charges
A charge with Axis Bank Limited amounted to Rs. 250.00 Lakh with Charge ID 100927909 was registered on 14 May 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 37.77 Lakh with Charge ID 100761440 was registered on 28 Jul 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 11.90 Lakh with Charge ID 100726596 was registered on 10 May 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 14.85 Lakh with Charge ID 100683667 was registered on 22 Aug 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 7.00 Lakh with Charge ID 100577881 was registered on 09 May 2022.
Charges
A charge with Axis Bank Limited amounted to Rs. 2,727.00 Lakh with Charge ID 100511047 was registered on 02 Dec 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 13.80 Lakh with Charge ID 100458752 was registered on 14 Jun 2021.
Appointed
Satyam Narang was appointed as Director.
2 earlier events are in the company report.
News
Frequently asked questions
Khalsae-Vehicles is an active private limited company based in Muzaffarnagar, Uttar Pradesh, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 06 June 2020 (6+ years old) and is registered under CIN U35999UP2020PTC129211.
Khalsae-Vehicles has 2 current directors:
- Shivam Narang - Director
- Satyam Narang - Director
The latest financial statements of Khalsae-Vehicles on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Khalsae-Vehicles is 09AAICK1054H1ZK, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of Khalsae-Vehicles is U35999UP2020PTC129211. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Khalsae-Vehicles has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the district courts.
Khalsae-Vehicles was incorporated on 06 June 2020, making it 6+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
Khalsae-Vehicles has 1 deal on record (1 funding round), with disclosed funding of ₹18 Lakh; the latest was in September 2021.
The peers of Khalsae-Vehicles by revenue are Aeroeagle Automobiles Private Limited, Milyf Automotive Private Limited, Big Bull Trader Private Limited, all in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles).
Satyam Narang was appointed as Director on 06 Jun 2020. Shivam Narang was appointed as Director on 06 Jun 2020.
Yes, Khalsae-Vehicles is registered as an MSME under Udyam registration (number: UDYAM-UP-58-0000081).