MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-PB-12-0032962
Lotus Cycles Limited - automotive in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹30.32 Cr
▲ 7% YoY
Net profit · FY 2024
₹5.13 Cr
Net margin 16.9%
EBITDA · FY 2024
₹6.33 Cr
EBITDA margin 20.9%
Authorised capital
₹2.1 Cr
Registered with MCA
Paid-up capital
₹2.06 Cr
Issued & subscribed
Open charges
₹11.71 Cr
Secured borrowings
Company age
13 yrs
Est. 2013
Directors on board
4
As per MCA filings
About Lotus Cycles Limited
Data last updated:
Lotus Cycles Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the bicycle mfg and retail segment of the automotive sector. It was incorporated on 12 April 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U35921PB2013PLC037330. Its GSTIN is 03AACCL4635P1ZB (Punjab).
The company has an authorised share capital of ₹2.1 Cr and a paid-up capital of ₹2.06 Cr. It was formerly known as Lotus Cycles Private Limited. It is led by directors including Sushma Batta and Suresh Kumar Batta.
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 Industrial Area – C Sua Road Near Ravi Dharam Kanda, Ludhiana, Punjab, India – 141003.
As per the financials filed for FY 2024, the company reported a revenue of ₹30.32 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹5.13 Cr (net margin 16.9%) and EBITDA of ₹6.33 Cr (EBITDA margin 20.9%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 10% over five years.
As per MCA filings, the company has open charges of ₹11.71 Cr on record. Court records list 5 cases involving the company, including 5 filed by the company; 1 case is pending.
Lotus Cycles Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0032962). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lotuscycles.in.
Company details
CIN U35921PB2013PLC037330
Registration Number 037330
Incorporation Date 12 April 2013
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-PB-12-0032962
CIN history
Lotus Cycles has one previous CIN (Corporate Identification Number): U35921PB2013PTC037330. The current CIN is U35921PB2013PLC037330, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35921PB2013PLC037330 | Current |
| U35921PB2013PTC037330 | Previous |
Recognitions & Rankings of Lotus Cycles
Contact details
Lotus Cycles Limited's registered office is in Ludhiana, Punjab.
- Registered AddressIndustrial Area – C Sua Road Near Ravi Dharam Kanda, Ludhiana, Punjab, India – 141003
- IndustryAutomotive, Bicycle Mfg & Retail
Comprehensive company report
Lotus Cycles 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Lotus Cycles is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Lotus Cycles Limited, buy the company report.
Financials of Lotus Cycles Limited
FY 2024 filings availableLotus Cycles Limited reported revenue of ₹30.32 Cr (up 7% YoY) for FY 2024.
Revenue · FY 2024
₹30.32 Cr ▲ 7%
Net profit · FY 2024
₹5.13 Cr margin 16.9%
EBITDA · FY 2024
₹6.33 Cr margin 20.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 9%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 63%
5 years · compounded
▲ 38%
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 7% growth in the latest year. 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
| 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 | ₹30.32 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.33 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.13 Cr | ||||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.9% | ||||
| Net Profit Margin | 16.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of Lotus Cycles Limited, buy the company report.
Board of directors of Lotus Cycles Limited
Lotus Cycles has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sushma Batta | Director | 12 Apr 2013 | 13 Years 6 Months | Current |
| Suresh Kumar Batta | Director | 12 Apr 2013 | 13 Years 6 Months | Current |
| Tarun Batta | Director | 12 Apr 2013 | 13 Years 6 Months | Current |
| Nitin Batta | Director | 12 Apr 2013 | 13 Years 6 Months | Current |
Peer comparison
Lotus Cycles Limited is compared with the 3 companies closest to it by revenue in the Automobiles industry (Cycles), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Lotus Cycles Limitedthis company | ₹30.32 Cr (FY 2024) | ₹5.13 Cr | 16.9% | 7.0% | Ludhiana, Punjab, India | |
| Milton Cycle Industries Limited | ₹29.9 Cr (FY 2025) | 516.0% | Haryana, India | |||
| NH Wheels Private Limited | ₹29.42 Cr (FY 2024) | 3.0% | Ludhiana, Punjab, India | |||
| Ramsons Cycles Private Limited | ₹28.41 Cr (FY 2024) | 6.0% | Ludhiana, Punjab, India |
To see the full peer comparison of Lotus Cycles Limited, buy the company report.
Charges & borrowings
Open charges
₹11.71 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jun 2020 | 100374308 | Others | ₹90 Lakh | Open | |
| 14 Aug 2018 | 100200842 | Others | ₹10.81 Cr | Open |
To see the full charge records of Lotus Cycles Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Lotus Cycles Limited has 5 court cases on record: 5 filed by Lotus Cycles. 1 case is pending and 4 are disposed.
Total cases
5
Filed by the company
5
Pending
1
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 1 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Court case (INCOMP) | Filed by the company against Commissioner of Customs | Pending |
| High Court, PUNJAB | Court case (RA-CW) | Filed by the company against Commissioner of Customs | Disposed |
| High Court, PUNJAB | Writ petition | Filed by the company against Commissioner of Customs Ludhiana | Disposed |
| High Court, PUNJAB | Court case (INCOMP) | Filed by the company against an individual | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against M/S Anand Cycles and 1 other | Disposed |
To see the full case history of Lotus Cycles 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.
Credit ratings & regulatory alerts
Lotus Cycles Limited was last rated by Crisil on 30 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 30 Apr 2021 |
To see the full credit ratings and regulatory alerts of Lotus Cycles Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Lotus Cycles Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Lotus Cycles has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AACCL4635P1ZB | Punjab | Active | 01 Apr 2018 |
To see the full GST registrations and return filing status of Lotus Cycles Limited, buy the company report.
Recent activity
Lotus Cycles Limited has 4 board changes on record since 2013: 4 appointments. The latest: Nitin Batta was appointed as Director on 12 Apr 2013.
Charges
A charge with Others of Rs. 10.81 Cr registered on 14 Aug 2018 with Charge ID 100200842 was modified on 07 Oct 2025.
AGM
Lotus Cycles Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Lotus Cycles Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
Charges
A charge with Others amounted to Rs. 0.90 Cr with Charge ID 100374308 was registered on 25 Jun 2020.
Charges
A charge with Others amounted to Rs. 10.81 Cr with Charge ID 100200842 was registered on 14 Aug 2018.
Appointed
Nitin Batta was appointed as Director.
Appointed
Suresh Kumar Batta was appointed as Director.
Appointed
Sushma Batta was appointed as Director.
Appointed
Tarun Batta was appointed as Director.
Incorporation
12 Apr 2013
Lotus Cycles Limited was registered on 12 Apr 2013 with Roc Chandigarh & aged 13 years 6 months as per MCA records.
Frequently asked questions
Lotus Cycles is an active public limited company based in Ludhiana, Punjab, India. The company works in bicycle mfg and retail, within the automotive industry. It was incorporated on 12 April 2013 (13+ years old) and is registered under CIN U35921PB2013PLC037330.
Lotus Cycles has 4 current directors:
- Sushma Batta - Director
- Suresh Kumar Batta - Director
- Tarun Batta - Director
- Nitin Batta - Director
The latest financial statements of Lotus Cycles 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 Lotus Cycles is 03AACCL4635P1ZB, registered in Punjab.
The CIN (Corporate Identification Number) of Lotus Cycles is U35921PB2013PLC037330. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lotus Cycles has 5 court cases on record: 5 filed by the company. 1 is pending. Most are in the high courts.
Lotus Cycles was incorporated on 12 April 2013, making it 13+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Lotus Cycles by revenue are Milton Cycle Industries Limited, NH Wheels Private Limited, Ramsons Cycles Private Limited, all in the Automobiles industry (Cycles), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Nitin Batta was appointed as Director on 12 Apr 2013. Suresh Kumar Batta was appointed as Director on 12 Apr 2013. Sushma Batta was appointed as Director on 12 Apr 2013. Lotus Cycles has 4 board changes on record in total.
Yes, Lotus Cycles is registered as a small enterprise under Udyam registration (number: UDYAM-PB-12-0032962).
Lotus Cycles can be reached through the website lotuscycles.in. Its registered office is in Ludhiana, Punjab, India.