About Millennium Motors Private Limited
Data last updated:
Millennium Motors Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the automobile dealership and trading segment of the automotive sector. It was incorporated on 11 June 1999.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U50102KA1999PTC025330. Its GSTIN is 29AABCM9064A1ZJ (Karnataka).
The company had an authorised share capital of ₹4.75 Cr and a paid-up capital of ₹4.75 Cr. It was led by directors Surendra Ghosh and Arigevarigutta Suresh Ramasubbareddy.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at No.139/26 Amarjyothi Layoutring Road Domlur Bangalore, Karnataka, India – 560071.
As per the financials filed for FY 2021, the company reported a revenue of ₹79,223, a decline of 97% compared to the previous year. For the same year it recorded a net loss of ₹3.58 Lakh (net margin -451.9%) and EBITDA of -₹1.09 Lakh (EBITDA margin -137.1%). Revenue has declined at a compounded annual rate (CAGR) of 92% over three years and 80% over five years.
As per MCA filings, the company had satisfied charges of ₹17.85 Cr on record. Court records list 14 cases involving the company, including 6 filed by the company and 8 filed against it; 2 cases are pending.
The last known website on record is millennium-motors.in.
Company details
Contact details
Millennium Motors Private Limited's registered office is in Bangalore, Karnataka. Its website is millennium-motors.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressNo.139/26 Amarjyothi Layoutring Road Domlur Bangalore, Karnataka, India – 560071
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Millennium Motors 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
Financials of Millennium Motors Private Limited
FY 2022 filings availableMillennium Motors Private Limited reported revenue of ₹79,223 (down 97% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 80% over five years, including a 97% fall 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹79,223 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.09 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.58 Lakh | ||||
| 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -137.1% | ||||
| Net Profit Margin | -451.9% | ||||
| 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 Millennium Motors Private Limited, buy the company report.
Board of directors of Millennium Motors Private Limited
Millennium Motors has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surendra Ghosh Also directs: DTDC 3Pl and Fulfilment Limited | Director | 24 Feb 2021 | 5 Years 8 Months | As last reported |
| Arigevarigutta Suresh Ramasubbareddy | Director | 22 Dec 2014 | 11 Years 10 Months | As last reported |
Auditor
Millennium Motors Private Limited is audited by VARMA & VARMA for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VARMA & VARMA | FY 2021 | 004532S |
Shareholding
The shareholding of Millennium Motors Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Millennium Motors Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Aug 2014 | 10528433 | Yes Bank Limited | ₹4.5 Cr | Satisfied | |
| 20 Dec 2011 | 10335923 | Punjab National Bank | ₹4 Cr | Satisfied | |
| 31 Aug 2009 | 10177661 | State Bank of India | ₹4 Cr | Satisfied | |
| 17 Jul 2008 | 10111408 | 3I Infotech Trusteeship Services Limited | ₹2.6 Cr | Satisfied | |
| 13 Feb 2007 | 10037418 | Icici Bank Limited | ₹50 Lakh | Satisfied |
To see the full charge records of Millennium Motors Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Millennium Motors Private Limited has 14 court cases on record: 6 filed by Millennium Motors, 8 filed against it. 2 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 7 | 2 |
| Supreme Court | 2 | 0 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Tci Telenet Solutions P Ltd | Pending |
| High Court, MAHARASHTRA | Court case (CAN) | Filed against the company by Tci Telenet Solutions Private Limited | Disposed |
| District court, Pune, Maharashtra | Execution petition | Filed against the company by M/S Kotak Mahindra Bank Ltd. | Disposed |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed by the company against Tci Telenet Solutions P Ltd | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Global Car Concepts Pvt. Ltd. Etc 2 and 2 others | Disposed |
To see the full case history of Millennium Motors 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 Millennium Motors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Millennium Motors has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCM9064A1ZJ | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Millennium Motors Private Limited, buy the company report.
Recent activity
Millennium Motors Private Limited has 8 board changes on record since 2014: 2 appointments and 6 cessations. The latest: Lucky Nandy ceased to be Director on 19 Jun 2023.
13 earlier events are in the company report.
Frequently asked questions
Millennium Motors has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Millennium Motors was a private limited company based in Bangalore, Karnataka, India. The company worked in auto dealership and trading, within the automotive industry. It was incorporated on 11 June 1999 and is registered under CIN U50102KA1999PTC025330. The company has been struck off by the Registrar of Companies and is no longer operational.
Millennium Motors had 2 directors:
- Surendra Ghosh - Director
- Arigevarigutta Suresh Ramasubbareddy - Director
The CIN (Corporate Identification Number) of Millennium Motors is U50102KA1999PTC025330. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Millennium Motors is at No.13926 Amarjyothi Layoutring Road Domlur Bangalore, Karnataka, India – 560071.
Millennium Motors was incorporated on 11 June 1999. It is registered with the Registrar of Companies, Bangalore.
Millennium Motors can be reached through the website millennium-motors.in. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Millennium Motors on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Millennium Motors is 29AABCM9064A1ZJ, registered in Karnataka.
Millennium Motors operated in the automotive industry, in the auto dealership and trading segment. It worked in this industry before it was struck off.
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