About Manickbag Automobiles Private Limited
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Manickbag Automobiles Private Limited is a private limited company based in Belgaum, Karnataka, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 01 April 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U50300KA2002PTC030302. Its GSTIN is 29AADCM6259K1ZX (Karnataka).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.88 Cr. It is led by directors including Bhushan Balasaheb Mirji (Managing Director) and Ramesh Manickchand Shah (Managing Director).
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 Sy No.47/1 2 3 Halaga NH – 4 Highway Opp Suvarna Soudha, Belgaum, Karnataka, India – 590020.
As per the financials filed for FY 2025, the company reported a revenue of ₹746.68 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹7.79 Cr (net margin 1%) and EBITDA of ₹20.69 Cr (EBITDA margin 2.8%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 17% over five years.
The company has about 357 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹88.1 Cr and satisfied charges of ₹55.29 Cr on record. Court records list 76 cases involving the company, including 59 filed by the company and 17 filed against it; 9 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website manickbag.com.
Company details
Contact details
Manickbag Automobiles Private Limited's registered office is in Belgaum, Karnataka. Its website is manickbag.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSy No.47/1 2 3 Halaga NH – 4 Highway Opp Suvarna Soudha, Belgaum, Karnataka, India – 590020
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Manickbag Automobiles Private Limited, buy the company report.
- 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
Business activity
The main business activity of Manickbag Automobiles 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 Manickbag Automobiles Private Limited, buy the company report.
Financials of Manickbag Automobiles Private Limited
FY 2024 filings availableManickbag Automobiles Private Limited reported revenue of ₹746.68 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA rose 9% 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 | ₹20.69 Cr | ||||
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| Net Profit (PAT) | ₹7.79 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 | 2.8% | ||||
| Net Profit Margin | 1% | ||||
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To see the full financial statements and ratios of Manickbag Automobiles Private Limited, buy the company report.
Board of directors of Manickbag Automobiles Private Limited
Manickbag Automobiles has 7 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Swapneil Shah Ashok Also directs: Manickbag Motors Private Limited, Mirji Shah Associates LLP | Director | 09 Mar 2020 | 6 Years 7 Months | Current |
| Shailesh Shantilal Shah | Whole-Time Director | 03 Apr 2002 | 24 Years 7 Months | Current |
| Sarang Vasantarao Shah Also directs: Manickbag Motors Private Limited | Whole-Time Director | 01 Apr 2002 | 24 Years 7 Months | Current |
| Bhushan Balasaheb Mirji Also directs: Dharma Auto Private Limited, Manickbag Motors Private Limited | Managing Director | 01 Apr 2002 | 24 Years 7 Months | Current |
| Sheel Shashikant Mirji Also directs: Dharma Auto Private Limited, Manickbag Motors Private Limited | Whole-Time Director | 03 Apr 2002 | 24 Years 7 Months | Current |
| Ramesh Manickchand Shah Also directs: Manickbag Motors Private Limited, Vega Auto Accessories Limited | Managing Director | 01 Apr 2002 | 24 Years 7 Months | Current |
Peer comparison
Manickbag Automobiles Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| VSN Commercials Private Limited | ₹762.49 Cr (FY 2025) | -4.0% | Hyderabad, Telangana, India | |||
| Rajesh Motors (Auto) Private Limited | ₹755.44 Cr (FY 2025) | -6.0% | Jaipur, Rajasthan, India | |||
| Ramlal Durgadutt Motors Private Limited | ₹749.13 Cr (FY 2025) | -13.0% | Assam, India | |||
| Manickbag Automobiles Private Limitedthis company | ₹746.68 Cr (FY 2025) | ₹7.79 Cr | 1% | -1.0% | 357 | Belgaum, Karnataka, India |
| Bhatia Corporation Private Limited (Part IX) | ₹721.04 Cr (FY 2024) | 11.0% | Kota, Rajasthan, India |
To see the full peer comparison of Manickbag Automobiles Private Limited, buy the company report.
Shareholding
The shareholding of Manickbag Automobiles 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Manickbag Automobiles Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jun 2022 | 100595144 | Others | ₹33.5 Cr | Open | |
| 14 Mar 2018 | 100169112 | Others | ₹48.8 Cr | Open | |
| 26 Apr 2016 | 100024928 | State Bank of India | ₹5.5 Cr | Open | |
| 25 Mar 2003 | 90195694 | Kotak Mahindra Bank Ltd. | ₹30 Lakh | Open | |
| 03 Feb 2021 | 100421403 | Others | ₹3.89 Cr | Satisfied |
To see the full charge records of Manickbag Automobiles Private Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Manickbag Automobiles Private Limited has 76 court cases on record: 59 filed by Manickbag Automobiles, 17 filed against it. 9 cases are pending and 67 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 65 | 9 | 8 |
| High courts | 11 | 8 | 1 |
Cases on record (5 of 76)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Appeal | Filed against the company by Prerana Motors Pvt Ltd., | Pending |
| District court, BELAGAVI, Karnataka | Criminal case | Filed by the company against Sahyadri Starch and Industries Ltd R/By A/P Plot No. A/6-7-8,Midc, Miraj TQ Miraj Dist Sangli, MH | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by Akshara Motors Pvt Ltd | Disposed |
| District court, DHARWAD, Karnataka | Criminal complaint | Filed by the company against U K Rent A Cars India Pvt. Ltd., | Disposed |
| District court, DHARWAD, Karnataka | Court case (R.A.) | Filed against the company by Oriental Insurance Co.Ltd., | Disposed |
To see the full case history of Manickbag Automobiles 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.
Credit ratings & regulatory alerts
Manickbag Automobiles Private Limited was last rated by Icra on 31 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 31 Dec 2021 |
To see the full credit ratings and regulatory alerts of Manickbag Automobiles Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Manickbag Automobiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Manickbag Automobiles Private Limited has a workforce of 357 employees on its EPFO records as of Apr 07, 2024, across 2 active EPFO establishments.
GST
Manickbag Automobiles has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCM6259K1ZX | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Manickbag Automobiles Private Limited, buy the company report.
Recent activity
Manickbag Automobiles Private Limited has 18 board changes on record since 2002: 7 appointments and 11 cessations. The latest: Swapneil Shah Ashok ceased to be Additional Director on 30 Dec 2020.
35 earlier events are in the company report.
Frequently asked questions
Manickbag Automobiles is an active private limited company based in Belgaum, Karnataka, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 01 April 2002 (24+ years old) and is registered under CIN U50300KA2002PTC030302.
Manickbag Automobiles has 7 current directors:
- Bhushan Balasaheb Mirji - Managing Director
- Ramesh Manickchand Shah - Managing Director
- Shailesh Shantilal Shah - Whole-Time Director
- Sarang Vasantarao Shah - Whole-Time Director
- Sheel Shashikant Mirji - Whole-Time Director
- Sanjot Rajakumar Shah - Whole-Time Director
- Swapneil Shah Ashok - Director
The latest financial statements of Manickbag Automobiles 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 Manickbag Automobiles is 29AADCM6259K1ZX, registered in Karnataka.
The CIN (Corporate Identification Number) of Manickbag Automobiles is U50300KA2002PTC030302. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Manickbag Automobiles has 76 court cases on record: 59 filed by the company and 17 filed against it. 9 are pending. Most are in the district courts.
Manickbag Automobiles was incorporated on 01 April 2002, making it 24+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Manickbag Automobiles by revenue are VSN Commercials Private Limited, Rajesh Motors (Auto) Private Limited, Ramlal Durgadutt Motors Private Limited, Bhatia Corporation Private Limited (Part IX), all in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading).
Swapneil Shah Ashok ceased to be Additional Director on 30 Dec 2020. Swapneil Shah Ashok was appointed as Director on 09 Mar 2020. Ashok Sakalchand Shah ceased to be Whole-Time Director on 02 Feb 2020. Manickbag Automobiles has 18 board changes on record in total.
Manickbag Automobiles can be reached through the website manickbag.com. Its registered office is in Belgaum, Karnataka, India.
The registered office of Manickbag Automobiles is at Sy No.471 2 3 Halaga NH – 4 Highway Opp Suvarna Soudha, Belgaum, Karnataka, India – 590020.
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