About Motocruizer Technologies India Private Limited
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Motocruizer Technologies India Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the online rental platforms segment of the e-commerce sector. It was incorporated on 26 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2015PTC269558. Its GSTIN is 27AAKCM0011E2Z0 (Maharashtra). The company holds 8 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹25.5 Lakh and a paid-up capital of ₹10.78 Lakh. It is led by directors including Namit Jain and Nitish Naresh Seth.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹3 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹92.51 Lakh (net margin -30.8%) and EBITDA of -₹38.69 Lakh (EBITDA margin -12.9%). Revenue has declined at a compounded annual rate (CAGR) of 33% over three years and 15% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: ONN Bikes. As per MCA filings, the company has open charges of ₹43.63 Lakh on record. Court records list 6 cases involving the company, including 1 filed by the company and 5 filed against it; 1 case is pending. The company has 8 deals on record (5 rights issues, 2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹7.61 Cr; the latest was in September 2019.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website onnbikes.com.
Company details
Contact details
Motocruizer Technologies India Private Limited's registered office is in Mumbai, Maharashtra. Its website is onnbikes.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressOffice No. 8 Floor – 3 Plot – 422 Nav Bhavna Swatantrya Veer Savarkar Road Prabhadev, I, Mumbai, Maharashtra, India – 400025
- IndustryE-Commerce, Online Rental Platforms
To see the full contact details of Motocruizer Technologies India 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
Brands
Motocruizer Technologies India operates one associated brand: ONN Bikes. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| On-demand two-wheeler rentals and rent-to-own options are provided. | onnbikes.com |
Financials of Motocruizer Technologies India Private Limited
FY 2024 filings availableMotocruizer Technologies India Private Limited reported revenue of ₹3 Cr (down 12% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 12% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profit and Loss Statement | |||||
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| Total Revenue | ₹3 Cr | ||||
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| Total Expenses | |||||
| EBITDA | -₹38.69 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹92.51 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -12.9% | ||||
| Net Profit Margin | -30.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Motocruizer Technologies India Private Limited, buy the company report.
Board of directors of Motocruizer Technologies India Private Limited
Motocruizer Technologies India has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akshay Jain Also directs: Nanesh Ventures LLP, Autofin Ltd | Nominee Director | 03 Jun 2024 | 2 Years 4 Months | Current |
| Namit Jain Also directs: Motocruizer Rental LLP, Bike Rejuvenation Services LLP, Moving Strodesters Private Limited and 2 more | Director | 26 Oct 2015 | 11 Years 0 Months | Current |
| Nitish Naresh Seth Also directs: Bike Rejuvenation Services LLP | Director | 04 Jan 2024 | 2 Years 9 Months | Current |
| Nitesh Ramesh Aggarwal Also directs: Topcentile School Private Limited | Nominee Director | 03 Jun 2024 | 2 Years 4 Months | Current |
Auditor
Motocruizer Technologies India Private Limited is audited by MAYUR M JAIN & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAYUR M JAIN & CO. | FY 2023 | 144649W |
Shareholding
The shareholding of Motocruizer Technologies India 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) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Motocruizer Technologies India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jul 2024 | 100960645 | Others | ₹6.13 Lakh | Open | |
| 31 Jul 2019 | 100283538 | Others | ₹37.5 Lakh | Open |
Total charge records: 2 View all charges
Deals & funding
Motocruizer Technologies India Private Limited has 8 deals on record (5 rights issues, 2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹7.61 Cr; the latest was in September 2019.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2017 | Rights issue | ₹4.52 Cr | Investors: Sunidhi Group's Family Office, Metaform Ventures, 2 individuals |
| Sep 2017 | Funding round | ₹19.2 Lakh | Investors: an individual |
| Oct 2016 | Rights issue | ₹30 Lakh | Investors: Z Nation Lab, Aurus Advisors |
| Oct 2016 | Rights issue | ₹19.9 Lakh | Investors: an individual |
| Oct 2016 | Rights issue | ₹5.1 Lakh | Investors: an individual |
To see the full deal history of Motocruizer Technologies India 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
Motocruizer Technologies India Private Limited has 6 court cases on record: 1 filed by Motocruizer Technologies India, 5 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 5 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Xplore Tech Services Pvt.Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by KJMC Financial Services Ltd | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by 3Ev Industries Private Limited | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by M/S Cplore-Tech Services Private Limited | Disposed |
To see the full case history of Motocruizer Technologies India 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 Motocruizer Technologies India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Motocruizer Technologies India Private Limited has a workforce of 6 employees on its EPFO records as of Mar 24, 2024, across 1 active EPFO establishment.
GST
Motocruizer Technologies India has 8 GST registrations: 4 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCM0011E2Z0 | Maharashtra | Active | 04 Jun 2018 |
| 27AAKCM0011E1CC | Maharashtra | Active | 13 Jan 2025 |
| 29AAKCM0011E1ZX | Karnataka | Active | 01 Jul 2017 |
| 36AAKCM0011E1Z2 | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Motocruizer Technologies India Private Limited, buy the company report.
Recent activity
Motocruizer Technologies India Private Limited has 12 board changes on record since 2015: 4 appointments and 8 cessations. The latest: Nitish Naresh Seth ceased to be Additional Director on 29 Sep 2024.
5 earlier events are in the company report.
News
Frequently asked questions
Motocruizer Technologies India is an active private limited company based in Mumbai, Maharashtra, India. The company works in online rental platforms, within the e-commerce industry. It was incorporated on 26 October 2015 (11+ years old) and is registered under CIN U74999MH2015PTC269558.
Motocruizer Technologies India has 4 current directors:
- Akshay Jain - Nominee Director
- Namit Jain - Director
- Nitish Naresh Seth - Director
- Nitesh Ramesh Aggarwal - Nominee Director
The latest financial statements of Motocruizer Technologies India 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 FY 2016 are in the company report.
The GSTIN of Motocruizer Technologies India is 27AAKCM0011E2Z0, registered in Maharashtra. The company has 8 GST registrations in all, of which 4 are active and 4 are cancelled or inactive. Other active GSTINs include 27AAKCM0011E1CC (Maharashtra), 29AAKCM0011E1ZX (Karnataka), 36AAKCM0011E1Z2 (Telangana).
The CIN (Corporate Identification Number) of Motocruizer Technologies India is U74999MH2015PTC269558. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Motocruizer Technologies India has 6 court cases on record: 1 filed by the company and 5 filed against it. 1 is pending.
Motocruizer Technologies India was incorporated on 26 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
Motocruizer Technologies India has 8 deals on record (5 rights issues, 2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹7.61 Cr; the latest was in September 2019.
Nitish Naresh Seth ceased to be Additional Director on 29 Sep 2024. Akshay Jain was appointed as Nominee Director on 03 Jun 2024. Nitesh Ramesh Aggarwal was appointed as Nominee Director on 03 Jun 2024. Motocruizer Technologies India has 12 board changes on record in total.
Motocruizer Technologies India can be reached through the website onnbikes.com. Its registered office is in Mumbai, Maharashtra, India.