MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-PB-12-0006670
Amar Wheels Pvt Ltd - automotive in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹33.91 Cr
▲ 29% YoY
Net profit · FY 2025
₹2.42 Cr
Net margin 7.1%
EBITDA · FY 2025
₹4.86 Cr
EBITDA margin 14.3%
Authorised capital
₹80 Lakh
Registered with MCA
Paid-up capital
₹60 Lakh
Issued & subscribed
Open charges
₹12.02 Cr
Satisfied ₹7.45 Cr
Company age
38 yrs
Est. 1988
Employees · EPFO
165
Provident fund records
About Amar Wheels Pvt Ltd
Data last updated:
Amar Wheels Pvt Ltd is a private limited company based in Ludhiana, Punjab, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 15 September 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U35921PB1988PTC008684. Its GSTIN is 03AABCA4449H1Z0 (Punjab). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹80 Lakh and a paid-up capital of ₹60 Lakh. It is led by directors including Sanjay Aggarwal (Managing Director) and Karan Aggarwal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C 194 Phase Viifocal Point Ludhiana, Punjab, India – 141010.
As per the financials filed for FY 2025, the company reported a revenue of ₹33.91 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹2.42 Cr (net margin 7.1%) and EBITDA of ₹4.86 Cr (EBITDA margin 14.3%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 1% over five years.
The company has about 165 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Amar Wheels and Propel Metaltech. As per MCA filings, the company has open charges of ₹12.02 Cr and satisfied charges of ₹7.45 Cr on record. Court records list 8 cases involving the company, including 4 filed by the company and 4 filed against it; 4 cases are pending.
Amar Wheels Pvt Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0006670). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website amarindia.com.
Company Details of Amar Wheels Pvt Ltd
CIN U35921PB1988PTC008684
Registration Number 008684
Incorporation Date 15 September 1988
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-PB-12-0006670
Key People
Sanjay Aggarwal Managing Director Karan Aggarwal Whole-Time Director Sahil Aggarwal Whole-Time Director Recognitions & Rankings of Amar Wheels
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressC 194 Phase Viifocal Point Ludhiana, Punjab, India – 141010
- IndustryAutomotive, Auto Parts & Components
Comprehensive company report
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- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
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- Legal cases, compliance and MCA filings
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Associated Brands
Amar Wheels operates two associated brands: Amar Wheels and Propel Metaltech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces chainwheels, cranksets, and accessories for bicycles and e-bikes worldwide. | amarindia.com | |
| Produces chainwheels and cranksets for bicycles and e-bikes with innovative designs. | propelworld.com |
Business Activity
The main business activity of Amar Wheels is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles | Locked |
Premium access
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Amar Wheels Pvt Ltd
FY 2025 filings availableAmar Wheels Pvt Ltd reported revenue of ₹33.91 Cr (up 29% YoY) for FY 2025.
Revenue · FY 2025
₹33.91 Cr ▲ 29%
Net profit · FY 2025
₹2.42 Cr margin 7.1%
EBITDA · FY 2025
₹4.86 Cr margin 14.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 29%
3 years · compounded
▼ 17%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▼ 2%
3 years · compounded
▼ 12%
5 years · compounded
▲ 9%
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 29% growth in the latest year. EBITDA fell 2% 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 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | •••• | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | ₹4.86 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹2.42 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 2024-25 | FY 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 14.3% | |
| Net Profit Margin | 7.1% | |
| 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 | •••• | |
Paid data: the figures shown as dots, and every line for FY 2020-21 to FY 2023-24, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Amar Wheels are in the company report.
: available in the company report
Board of Directors of Amar Wheels Pvt Ltd
Amar Wheels has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karan Aggarwal | Whole-Time Director | 01 Apr 2021 | 5 Years 6 Months | Current |
| Sahil Aggarwal | Whole-Time Director | 31 Dec 2020 | 5 Years 9 Months | Current |
| Sanjay Aggarwal | Managing Director | 01 Apr 2021 | 5 Years 6 Months | Current |
Auditor Details
Amar Wheels Pvt Ltd is audited by SANJEEV BIMLA & ASSOCIATES for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SANJEEV BIMLA & ASSOCIATES | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Open charges
₹12.02 Cr
Satisfied charges
₹7.45 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Jan 2026 | Others | ₹86.87 Lakh | Open |
| 09 Mar 2016 | Axis Bank Limited | ₹11 Cr | Open |
| 03 Oct 1994 | Indian Bank | ₹15 Lakh | Open |
| 06 Oct 2008 | Small Industries Develpoment Bank of India | ₹60 Lakh | Satisfied |
| 13 May 1997 | State Bank of India | ₹60 Lakh | Satisfied |
Total charge records: 6 View all charges
Legal Cases
Amar Wheels Pvt Ltd has 8 court cases on record: 4 filed by Amar Wheels, 4 filed against it. 4 cases are pending and 4 are disposed.
Total cases
8
Filed by the company
4
Filed against the company
4
Pending
4
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 1 | 2 |
| High courts | 4 | 3 | 2 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Appeal | Filed against the company by M/S Surya Cast and Forge Pvt Ltd and Anr | Pending |
| District court, Ludhiana, Punjab | Civil miscellaneous application | Filed by the company against Ms Surya Cast and Forge Pvt Limited | Pending |
| District court, Ludhiana, Punjab | Appeal | Filed by the company against Ms Surya Cast and Forge Pvt Ltd | Disposed |
| District court, Ludhiana, Punjab | Civil miscellaneous application | Filed by the company against Ms Surya Cast and Forge Pvt Ltd | Disposed |
| High Court of Punjab and Haryana | Appeal | Filed against the company by Office of Banking Ombudsman Reserve Bank of India | Pending |
: available in 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
Amar Wheels Pvt Ltd has 4 MSME Form 1 returns on record between 2019 and 2021, listing 125 overdue payments to 18 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 18)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Rockwell Vacuum & Allied Technologies | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Pacific Auto Industries | •••• | •••• | •••• |
| Pearl Polymers | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
: available in the company report
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance
Amar Wheels Pvt Ltd has a workforce of 165 employees as of Jan 06, 2026.
Employee count
165
Active EPFO establishments
1
Employee growth
15.38%
: available in the company report
Recent Activity
Amar Wheels Pvt Ltd has 4 board changes on record since 2020: 3 appointments and 1 cessation. The latest: Karan Aggarwal was appointed as Whole-Time Director on 01 Apr 2021.
Charges
A charge with Others amounted to Rs. 86.87 Lakh with Charge ID 101259919 was registered on 31 Jan 2026.
AGM
Amar Wheels Pvt Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Amar Wheels Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge with Axis Bank Limited of Rs. 1,100.00 Lakh registered on 09 Mar 2016 with Charge ID 100029784 was modified on 20 Apr 2021.
Appointed
Karan Aggarwal was appointed as Whole-Time Director.
Appointed
Sanjay Aggarwal was appointed as Managing Director.
Appointed
Sahil Aggarwal was appointed as Whole-Time Director.
Ceased
Raj Kumar Aggarwal ceased to be Whole-Time Director.
Charges
A charge registered on 13 May 1997 via Charge ID 90179888 with State Bank Of India was fully satisfied on 20 Feb 2018.
Charges
A charge registered on 13 Mar 1997 via Charge ID 90179862 with State Bank Of India was fully satisfied on 20 Feb 2018.
Charges
A charge with Axis Bank Limited amounted to Rs. 1,100.00 Lakh with Charge ID 100029784 was registered on 09 Mar 2016.
Charges
A charge with State Bank Of India of Rs. 625.00 Lakh registered on 13 Mar 1997 with Charge ID 90179862 was modified on 23 Feb 2013.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Amar Wheels has 4 GST registrations: 1 active and 3 cancelled or inactive.
Total GSTINs
4
Active
1
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCA4449H1Z0 | Punjab | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Amar Wheels is an active private limited company based in Ludhiana, Punjab, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 15 September 1988 (38+ years old) and is registered under CIN U35921PB1988PTC008684.
Amar Wheels has 3 current directors:
- Sanjay Aggarwal - Managing Director
- Karan Aggarwal - Whole-Time Director
- Sahil Aggarwal - Whole-Time Director
The latest financial statements of Amar Wheels on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Amar Wheels is 03AABCA4449H1Z0, registered in Punjab. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Amar Wheels is U35921PB1988PTC008684. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Amar Wheels has 8 court cases on record: 4 filed by the company and 4 filed against it. 4 are pending. Most are in the district courts.
Amar Wheels was incorporated on 15 September 1988, making it 38+ years old. It is registered with the Registrar of Companies, Chandigarh.
Karan Aggarwal was appointed as Whole-Time Director on 01 Apr 2021. Sanjay Aggarwal was appointed as Managing Director on 01 Apr 2021. Sahil Aggarwal was appointed as Whole-Time Director on 31 Dec 2020. Amar Wheels has 4 board changes on record in total.
Yes, Amar Wheels is registered as a small enterprise under Udyam registration (number: UDYAM-PB-12-0006670).
Amar Wheels has 4 MSME Form 1 returns on record between 2019 and 2021, listing 125 overdue payments to 18 micro and small suppliers. The latest return was filed on 06 May 2021.
Amar Wheels can be reached through the website amarindia.com. Its registered office is in Ludhiana, Punjab, India.