About MFC Auto Parts Private Limited
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MFC Auto Parts Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Ki Mobility Solutions Private Limited. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 24 March 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U35999TN2008PTC175282. Its GSTIN is 33AAFCM4835P1Z2 (Tamil Nadu). The company holds 27 GST registrations, of which 18 are active.
The company has an authorised share capital of ₹350 Cr and a paid-up capital of ₹330 Cr. It is led by directors including Coimbatore Srinivasan Natarajan (Managing Director) and Pallavi Kizhakkevellat Nair.
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 Chennai, Tamil Nadu.
As per the financials filed for FY 2022, the company reported a revenue of ₹60.7 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net loss of ₹35.54 Cr (net margin -58.6%) and EBITDA of -₹5.57 Cr (EBITDA margin -9.2%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years.
The company is associated with 1 brand: Mahindra First Choice Services. As per MCA filings, the company has satisfied charges of ₹15.06 Cr on record. The company has 14 deals on record (6 rights issues, 4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹56.95 Cr; the latest was in February 2021. The company has 4 MSME Form 1 returns on record between 2019 and 2021, listing 31 overdue payments to 8 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahindrafirstchoiceservices.com.
Company details
CIN history
MFC Auto Parts has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U35999TN2008PTC175282, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35999TN2008PTC175282 | Current |
| U35999MH2008PTC180385 | Previous |
| U35999MH2008PLC180385 | Previous |
Contact details
MFC Auto Parts Private Limited's registered office is in Chennai, Tamil Nadu.
- Social Media
- Registered AddressKochar Bliss 9th Floor Plot No. Super A8 & 9, Thiru.VI.Ka Industrial Estate Guindy, Chennai, Tamil Nadu, India – 600032
- IndustryAutomotive, Auto Dealership & Trading
- 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
Brands
MFC Auto Parts operates one associated brand: Mahindra First Choice Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Repair and maintenance services for cars are provided nationwide. | mahindrafirstchoiceservices.com |
Financials of MFC Auto Parts Private Limited
FY 2024 filings availableMFC Auto Parts Private Limited reported revenue of ₹60.7 Cr (down 13% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 19% over three years, including a 13% fall in the latest year. EBITDA rose 62% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹60.7 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.57 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹35.54 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -9.2% | ||||
| Net Profit Margin | -58.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
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| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of MFC Auto Parts Private Limited, buy the company report.
Board of directors of MFC Auto Parts Private Limited
MFC Auto Parts has 5 current directors and 35 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pallavi Kizhakkevellat Nair | Director | 31 Oct 2023 | 3 Years 0 Months | Current |
| Coimbatore Srinivasan Natarajan | Managing Director | 22 Sep 2021 | 5 Years 1 Months | Current |
| Padmapriya | Director | 31 Mar 2022 | 4 Years 7 Months | Current |
| Sathyanarayan Achutha Rowvey Also directs: Marketparts India Private Limited, Mytvs Parts Mart Private Limited, Nexus Aftermarket India Private Limited and 1 more | Director | 19 Oct 2023 | 3 Years 0 Months | Current |
| Tharuvai Ramasubramanian Srinivasan Also directs: Marketparts India Private Limited, Mytvs Parts Mart Private Limited, Myers Tyre Supply (India) Limited and 4 more | Director | 19 Oct 2023 | 3 Years 0 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jun 2021 | 100457829 | Others | ₹15 Cr | Satisfied | |
| 15 Jul 2016 | 100046823 | Hdfc Bank Limited | ₹2 Lakh | Satisfied | |
| 27 May 2016 | 100046819 | Hdfc Bank Limited | ₹1 Lakh | Satisfied | |
| 21 Jan 2016 | 100045029 | Hdfc Bank Limited | ₹3 Lakh | Satisfied |
To see the full charge records of MFC Auto Parts Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
MFC Auto Parts Private Limited has 14 deals on record (6 rights issues, 4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹56.95 Cr; the latest was in February 2021.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2021 | Secondary share transfer | Undisclosed | Buyer: TVS Automobile Solutions Private Limited & Saravanan B, TVS Automobile Solutions Private Limited & N Krishnmoorthy, TVS Automobile Solutions Private Limited & Majety Koteswara Rama Krishna Seller: Mahindra Holdings Limited , 3 individuals |
| Nov 2020 | Acquisition | ₹21.5 Cr | Buyer: TVS Automobile Solutions Private Limited Seller: Mahindra Holdings Limited |
| Dec 2018 | Acquisition | Undisclosed | Buyer: Mahindra Holdings Limited Seller: Mahindra and Mahindra Limited |
| Sep 2018 | Rights issue | ₹54 Cr | Investors: Mahindra Holdings Limited , Mahindra and Mahindra Limited |
| Jul 2017 | Secondary share transfer | Undisclosed | Buyer: Mahindra and Mahindra Limited , M&ML & S.Durgashankar Seller: Mahindra Holdings Limited , M&ML & S Venkatraman |
To see the full deal history of MFC Auto Parts Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving MFC Auto Parts Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
MFC Auto Parts Private Limited has 4 MSME Form 1 returns on record between 2019 and 2021, listing 31 overdue payments to 8 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| M L Automobiles | |||
| an individual supplier | |||
| Gulf Oil Lubricants India Limited | |||
| Om DP Marketing | |||
| an individual supplier |
To see the full MSME payment records of MFC Auto Parts Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
MFC Auto Parts has 27 GST registrations: 18 active and 9 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCM4835P1Z2 | Tamil Nadu | Active | 01 Jul 2017 |
| 03AAFCM4835P1Z5 | Punjab | Active | 01 Jul 2017 |
| 07AAFCM4835P1ZX | Delhi | Active | 01 Jul 2017 |
| 08AAFCM4835P1ZV | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of MFC Auto Parts Private Limited, buy the company report.
Recent activity
MFC Auto Parts Private Limited has 37 board changes on record since 2009: 5 appointments and 32 cessations. The latest: Pallavi Kizhakkevellat Nair ceased to be Additional Director on 29 Sep 2024.
36 earlier events are in the company report.
News
Frequently asked questions
MFC Auto Parts is an active private limited company based in Chennai, Tamil Nadu, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 24 March 2008 (18+ years old) and is registered under CIN U35999TN2008PTC175282.
MFC Auto Parts has 5 current directors:
- Coimbatore Srinivasan Natarajan - Managing Director
- Pallavi Kizhakkevellat Nair - Director
- Padmapriya - Director
- Sathyanarayan Achutha Rowvey - Director
- Tharuvai Ramasubramanian Srinivasan - Director
The latest financial statements of MFC Auto Parts 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 MFC Auto Parts is 33AAFCM4835P1Z2, registered in Tamil Nadu. The company has 27 GST registrations in all, of which 18 are active and 9 are cancelled or inactive. Other active GSTINs include 03AAFCM4835P1Z5 (Punjab), 07AAFCM4835P1ZX (Delhi), 08AAFCM4835P1ZV (Rajasthan).
The CIN (Corporate Identification Number) of MFC Auto Parts is U35999TN2008PTC175282. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MFC Auto Parts was incorporated on 24 March 2008, making it 18+ years old. It is registered with the Registrar of Companies, Chennai.
MFC Auto Parts has 14 deals on record (6 rights issues, 4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹56.95 Cr; the latest was in February 2021.
Pallavi Kizhakkevellat Nair ceased to be Additional Director on 29 Sep 2024. Sathyanarayan Achutha Rowvey ceased to be Additional Director on 29 Sep 2024. Tharuvai Ramasubramanian Srinivasan ceased to be Additional Director on 29 Sep 2024. MFC Auto Parts has 37 board changes on record in total.
MFC Auto Parts has 4 MSME Form 1 returns on record between 2019 and 2021, listing 31 overdue payments to 8 micro and small suppliers. The latest return was filed on 13 May 2021.
MFC Auto Parts can be reached through the website mahindrafirstchoiceservices.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of MFC Auto Parts is at Kochar Bliss 9th Floor Plot No. Super A8 & 9, Thiru.VI.Ka Industrial Estate Guindy, Chennai, Tamil Nadu, India – 600032.
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