About Moto Drive Private Limited
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Moto Drive Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 07 October 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U50403PN1994PTC081828. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Mangal Warehousing Private Limited and U Motors Private Limited. It is led by directors Ashish Satish Mittal and Preeti Ashish Mittal.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at 40/25 Royal Classics Bhonde Colony Karve Road Erandwana, Pune, Maharashtra, India – 411004.
As per the financials filed for FY 2016, the company reported a revenue of ₹32.99 Cr, a growth of 105% compared to the previous year. For the same year it recorded a net loss of ₹1.56 Cr (net margin -4.7%) and EBITDA of -₹18.58 Lakh (EBITDA margin -0.6%).
The company has about 219 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10.5 Cr and satisfied charges of ₹11 Cr on record. Court records list 17 cases involving the company, including 2 filed by the company and 15 filed against it; 4 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website motodrive.in.
Company details
Name history
Moto Drive has undergone 2 name changes throughout its history. The company was previously known as Mangal Warehousing Private Limited, and U Motors Private Limited. The current legal name is Moto Drive Private Limited.
| Company Name | Status |
|---|---|
| Moto Drive Private Limited | Current |
| Mangal Warehousing Private Limited | Previous |
| U Motors Private Limited | Previous |
CIN history
Moto Drive has one previous CIN (Corporate Identification Number): U63023PN1994PTC081828. The current CIN is U50403PN1994PTC081828, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U50403PN1994PTC081828 | Current |
| U63023PN1994PTC081828 | Previous |
Contact details
Moto Drive Private Limited's registered office is in Pune, Maharashtra. Its website is motodrive.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address40/25 Royal Classics Bhonde Colony Karve Road Erandwana, Pune, Maharashtra, India – 411004
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Moto Drive 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 Moto Drive 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 Moto Drive Private Limited, buy the company report.
Financials of Moto Drive Private Limited
FY 2016 filings availableMoto Drive Private Limited reported revenue of ₹32.99 Cr (up 105% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 105% in the latest year. EBITDA rose 25% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹32.99 Cr | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹18.58 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹1.56 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -0.6% | |
| Net Profit Margin | -4.7% | |
| 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 Moto Drive Private Limited, buy the company report.
Board of directors of Moto Drive Private Limited
Moto Drive has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Preeti Ashish Mittal Also directs: Evica Online Services LLP, Aries Jewels LLP | Additional Director | 19 Jan 2017 | 9 Years 9 Months | Current |
| Ashish Satish Mittal | Director | 30 Jan 2016 | 10 Years 9 Months | Current |
Peer comparison
Moto Drive Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Jamkash Biking Private Limited | ₹33.02 Cr (FY 2024) | 589.0% | Jammu, Jammu and Kashmir, India | |||
| Moto Drive Private Limitedthis company | ₹32.99 Cr (FY 2016) | -₹1.56 Cr | -4.7% | 105.0% | 219 | Pune, Maharashtra, India |
| Narayani Auto Centre Pvt Ltd | ₹32.94 Cr (FY 2024) | -1.0% | Malda, West Bengal, India | |||
| Palal Mobility Private Limited | ₹32.91 Cr (FY 2025) | -1.0% | Kochi, Kerala, India | |||
| Rolta Credit Private Limited | ₹32.91 Cr (FY 2025) | 9.0% | Kolkata, West Bengal, India | |||
| Aparnaa Vahan Private Limited | ₹32.9 Cr (FY 2024) | 2074.0% | Jharsuguda, Odisha, India | |||
| Purwanchal Motors Private Limited | ₹32.85 Cr (FY 2024) | 267.0% | Deoria, Uttar Pradesh, India |
To see the full peer comparison of Moto Drive Private Limited, buy the company report.
Auditor
Moto Drive Private Limited is audited by DHIRAJ P CHORDIA & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DHIRAJ P CHORDIA & CO | FY 2016 | 129885W |
Shareholding
The shareholding of Moto Drive Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Moto Drive Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Feb 2017 | 100085044 | Tata Capital Financial Services Limited | ₹3.5 Cr | Open | |
| 22 Mar 2016 | 100035469 | Others | ₹7 Cr | Open | |
| 11 Mar 2015 | 10606371 | State Bank of India Deccan Gymkhana Branch | ₹11 Cr | Satisfied |
To see the full charge records of Moto Drive Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Moto Drive Private Limited has 17 court cases on record: 2 filed by Moto Drive, 15 filed against it. 4 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 14 | 4 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Execution petition | Filed against the company by M/S Maruti Suzuki India Limited Through Lokesh Pandey | Pending |
| District court, Pune, Maharashtra | Execution petition | Filed against the company by Tata Capital Financial Services Ltd. | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by HDFC Bank Ltd., Through Anantharaman Ramanathan | Pending |
| District court, Pune, Maharashtra | Execution petition | Filed against the company by M/S Maruti Suzuki India Limited Through Lokesh Pandey | Disposed |
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Ltd - Vinod Ramvani | Disposed |
To see the full case history of Moto Drive 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 Moto Drive Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Moto Drive Private Limited has a workforce of 219 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Moto Drive has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Moto Drive Private Limited, buy the company report.
Recent activity
Moto Drive Private Limited has 7 board changes on record since 2014: 2 appointments and 5 cessations. The latest: Rakesh Satyanarayan Mittal ceased to be Director on 20 Jan 2017.
3 earlier events are in the company report.
Frequently asked questions
Moto Drive is an active private limited company based in Pune, Maharashtra, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 07 October 1994 (32+ years old) and is registered under CIN U50403PN1994PTC081828.
Moto Drive has 2 current directors:
- Preeti Ashish Mittal - Additional Director
- Ashish Satish Mittal - Director
The latest financial statements of Moto Drive on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Moto Drive has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Moto Drive is U50403PN1994PTC081828. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Moto Drive has 17 court cases on record: 2 filed by the company and 15 filed against it. 4 are pending. Most are in the district courts.
Moto Drive was incorporated on 07 October 1994, making it 32+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Moto Drive by revenue are Jamkash Biking Private Limited, Narayani Auto Centre Pvt Ltd, Palal Mobility Private Limited, Rolta Credit Private Limited, Aparnaa Vahan Private Limited and 1 more, all in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading).
Rakesh Satyanarayan Mittal ceased to be Director on 20 Jan 2017. Preeti Ashish Mittal was appointed as Additional Director on 19 Jan 2017. Ashish Satish Mittal ceased to be Additional Director on 30 Sep 2016. Moto Drive has 7 board changes on record in total.
Moto Drive can be reached through the website motodrive.in. Its registered office is in Pune, Maharashtra, India.
The registered office of Moto Drive is at 4025 Royal Classics Bhonde Colony Karve Road Erandwana, Pune, Maharashtra, India – 411004.
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