About Lectrix E-Vehicles Private Limited
Data last updated:
Lectrix E-Vehicles Private Limited is a foreign private limited company based in Gurgaon, Haryana, India, a subsidiary of Lakshya E-Commerce Pte. Ltd. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 08 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U31100HR2017FTC101950. Its GSTIN is 06AADCL2575R1ZX (Haryana). The company holds 9 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹3.11 Cr and a paid-up capital of ₹3.08 Cr. It was formerly known as Livcredit India Private Limited and Livfincap India Private Limited. It is led by directors including Navneet Kapoor (Managing Director) and Paresh Chandra Pradhan.
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 Plot No.221 Udyog Vihar Phase 1, Gurgaon, Haryana, India – 122016.
As per the financials filed for FY 2025, the company reported a revenue of ₹128.13 Cr, a decline of 32% compared to the previous year. For the same year it recorded a net loss of ₹68.39 Cr (net margin -53.4%) and EBITDA of -₹48.06 Cr (EBITDA margin -37.5%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 301% over five years.
The company has about 186 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Lectrix and SAR Group. As per MCA filings, the company has open charges of ₹179.62 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company; 1 case is pending. The company has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹102.9 Cr; the latest was in March 2025. Its 10 peer companies in the Automobiles industry (Electric and Bio Fuel Vehicles) are compared by revenue, 5 larger and 5 smaller; the largest is Lectrix EV Private Limited with revenue of ₹144.16 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sar-group.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No.221 Udyog Vihar Phase 1, Gurgaon, Haryana, India – 122016
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
- 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 Lectrix E-Vehicles Private Limited
The main business activity of Lectrix E-Vehicles is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles | 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 Lectrix E-Vehicles Private Limited FY 2025 filings available
Lectrix E-Vehicles Private Limited reported revenue of ₹128.13 Cr (down 32% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Lectrix E-Vehicles Private Limited
Revenue fell 32% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 301%. EBITDA rose 4% 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 Lectrix E-Vehicles 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 | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹48.06 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹68.39 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Lectrix E-Vehicles Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -37.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -53.4% | •••• | •••• | •••• | •••• |
| 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 Lectrix E-Vehicles 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 Lectrix E-Vehicles Private Limited
Lectrix E-Vehicles Private Limited is compared with the companies closest to it by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Lectrix EV Private Limited | ₹144.16 Cr (FY 2023) | •••• | •••• | 183.0% | •••• | Gurgaon, Haryana, India |
| Eastman New Energy Private Limited | ₹142.73 Cr (FY 2025) | •••• | •••• | 357.0% | •••• | Delhi, India |
| Vani Electric Vehicles Private Limited | ₹142.1 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Kolkata, West Bengal, India |
| SKS Trade India Private Limited | ₹138.16 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Delhi, India |
| Pur Energy Limited | ₹137.38 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Sangareddy, Telangana, India |
| Lectrix E-Vehicles Private Limited this company | ₹128.13 Cr (FY 2025) | •••• | •••• | -32.0% | •••• | Gurgaon, Haryana, India |
| Urban Electric Mobility Private Limited | ₹125.2 Cr (FY 2025) | •••• | •••• | 69.0% | •••• | Delhi, India |
| Thukral Electric Bikes Private Limited | ₹124.13 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | New Delhi, Delhi, India |
| Tata Power EV Charging Solutions Limited | ₹122.78 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Carnac Bunder, Mumbai, Maharashtra, India |
| Fede Industries Private Limited | ₹122.08 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Kolkata, West Bengal, India |
| Awev Solutions Private Limited | ₹118.01 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Lectrix E-Vehicles by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles), 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 Lectrix E-Vehicles Private Limited
Lectrix E-Vehicles Private Limited is audited by Gupta Nyar & Co. for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Gupta Nyar & 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 Lectrix E-Vehicles Private Limited
Lectrix E-Vehicles has 5 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paresh Chandra Pradhan | Director | 18 Aug 2021 | 5 Years 1 Months | Current |
| Navneet Kapoor Also directs: Multiples Private Equity Fund II LLP, Navodhyam Holdings LLP, NK Family LLP and 5 more | Managing Director | 18 Aug 2021 | 5 Years 1 Months | Current |
| Rakesh Malhotra Also directs: Livpure Smart Homes Private Limited, Livpure Private Limited, Livguard Energy Technologies Private Limited and 3 more | Director | 16 Feb 2022 | 4 Years 7 Months | Current |
| Kamakshi Malhotra | Director | 29 Mar 2023 | 3 Years 6 Months | Current |
| Ajay Kumar Goswami Also directs: Mooving Smart Mobility and Energy Private Limited, Livguard Drivetrain Private Limited, Fly Mobiles Private Limited and 5 more | Director | 18 Aug 2021 | 5 Years 1 Months | Current |
Ownership and Shareholding of Lectrix E-Vehicles 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 Lectrix E-Vehicles Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Jun 2024 | Others | ₹16 Lakh | Open |
| 27 Oct 2021 | State Bank of India | ₹18 Cr | Open |
| 27 Oct 2021 | State Bank of India | ₹18 Cr | Open |
| 24 Aug 2021 | Tata Capital Financial Services Limited | ₹3 Cr | Open |
| 22 Dec 2020 | Others | ₹140.46 Cr | Open |
Total charge records: 5 View all charges
Deals & Funding of Lectrix E-Vehicles Private Limited
Lectrix E-Vehicles Private Limited has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹102.9 Cr; the latest was in March 2025.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Funding round | ₹32.91 Cr | Investors: Lakshya E-commerce Pte Limited |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Rm Investment Trust Seller: Lakshya E-commerce Pte Limited |
| Jul 2022 | Funding round | ₹44.45 Cr | Investors: Lakshya E-commerce Pte Limited, Ncubate Capital Partners |
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Ncubate Capital Partners |
| Aug 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Ncubate Capital Partners |
Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Lectrix E-Vehicles Private Limited
Lectrix E-Vehicles Private Limited has 4 court cases on record: 4 filed by Lectrix E-Vehicles. 1 case is pending and 3 are disposed. Status as checked on 21 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed by the company against Sitara Enterprises | Disposed |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed by the company against an individual | Disposed |
| Calcutta High Court | Writ petition | Filed by the company against State of West Bengal | 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.
Associated Brands with Lectrix E-Vehicles Private Limited
Lectrix E-Vehicles operates two associated brands: Lectrix and SAR Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified conglomerate operating in energy storage and power electronics | sar-group.com | |
| Electric rickshaws are developed and manufactured by Lectrix in India. | lectrixev.com |
Employees and EPFO Compliance at Lectrix E-Vehicles Private Limited
Employment history and EPFO contributions of people linked to Lectrix E-Vehicles.
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.
Group Structure of Lectrix E-Vehicles Private Limited
Lectrix E-Vehicles has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Lectrix Technologies Private Limited | U31100DL2019PTC349551 | Locked |
Showing major subsidiaries. Total: 1.
Name History of Lectrix E-Vehicles Private Limited
Lectrix E-Vehicles has undergone 3 name changes throughout its history. The company was previously known as Livcredit India Private Limited, Livfincap India Private Limited, and Lectrix E-Vehicles Private Limited. The current legal name is Lectrix E-Vehicles Private Limited.
| Company Name | Status |
|---|---|
| Lectrix E-Vehicles Private Limited | Current |
| Livcredit India Private Limited | Previous |
| Livfincap India Private Limited | Previous |
CIN History of Lectrix E-Vehicles Private Limited
Lectrix E-Vehicles has 4 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U31100HR2017FTC101950, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31100HR2017FTC101950 | Current |
| U65929DL2017FTC314110 | Previous |
| U31100DL2017FTC314110 | Previous |
| U65100DL2017FTC314110 | Previous |
| U74110DL2017FTC314110 | Previous |
News related to Lectrix E-Vehicles Private Limited
Recent Activity on Lectrix E-Vehicles Private Limited
Lectrix E-Vehicles Private Limited has 19 board changes on record since 2017: 5 appointments and 14 cessations. The latest: Gayatri Varma ceased to be Additional Director on 29 Dec 2023.
17 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Lectrix E-Vehicles 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 Lectrix E-Vehicles 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 Lectrix E-Vehicles 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 Lectrix E-Vehicles Private Limited
Lectrix E-Vehicles has 9 GST registrations: 8 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AADCL2575R1ZX | Haryana | Active | 14 Feb 2023 |
| 06AADCL2575R2ZW | Haryana | Active | 16 Sep 2024 |
| 06AADCL2575R3ZV | Haryana | Active | 17 Oct 2024 |
| 07AADCL2575R1ZV | Delhi | Active | 19 Sep 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 Lectrix E-Vehicles 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 Lectrix E-Vehicles Private Limited
Lectrix E-Vehicles is an active foreign private limited company based in Gurgaon, Haryana, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 08 March 2017 (9+ years old) and is registered under CIN U31100HR2017FTC101950.
Lectrix E-Vehicles reported revenue of ₹128.13 Cr for FY 2025 (down 32% YoY).
Lectrix E-Vehicles has 5 current directors:
- Navneet Kapoor - Managing Director
- Paresh Chandra Pradhan - Director
- Rakesh Malhotra - Director
- Kamakshi Malhotra - Director
- Ajay Kumar Goswami - Director
Lectrix E-Vehicles reported a net loss of ₹68.39 Cr (net margin -53.4%) and EBITDA of -₹48.06 Cr (EBITDA margin -37.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Lectrix E-Vehicles is 36% over three years and 301% over five years. In the latest year (FY 2025) revenue fell 32%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Lectrix E-Vehicles is 06AADCL2575R1ZX, registered in Haryana. The company has 9 GST registrations in all, of which 8 are active and 1 is cancelled or inactive. Other active GSTINs include 06AADCL2575R2ZW (Haryana), 06AADCL2575R3ZV (Haryana), 07AADCL2575R1ZV (Delhi).
The CIN (Corporate Identification Number) of Lectrix E-Vehicles is U31100HR2017FTC101950. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lectrix E-Vehicles has 4 court cases on record: 4 filed by the company. 1 is pending. Most are in the district courts.
Lectrix E-Vehicles was incorporated on 08 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Delhi.
Lectrix E-Vehicles has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹102.9 Cr; the latest was in March 2025.
The peers of Lectrix E-Vehicles by revenue are Lectrix EV Private Limited, Eastman New Energy Private Limited, Vani Electric Vehicles Private Limited, SKS Trade India Private Limited, Pur Energy Limited and 5 more, all in the Automobiles industry (Electric and Bio Fuel Vehicles).