MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2023-24)
- Udyam number
- UDYAM-UP-28-0013035
Bestway Agencies Private Limited - automotive in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹72.76 Cr
▼ 23% YoY
Net loss · FY 2025
₹20.86 Cr
Net margin -28.7%
EBITDA · FY 2025
-₹9.57 Cr
EBITDA margin -13.2%
Authorised capital
₹26 Lakh
Registered with MCA
Paid-up capital
₹2.68 Lakh
Issued & subscribed
Open charges
₹10 Cr
Satisfied ₹5.5 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
2
Provident fund records
About Bestway Agencies Private Limited
Data last updated:
Bestway Agencies Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Greaves Electric Mobility Limited. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 15 January 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U51909DL2004PTC124090. Its GSTIN is 10AACCB3847K1ZW (Bihar). The company holds 15 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹26 Lakh and a paid-up capital of ₹2.68 Lakh. It is led by directors including Naveen Sharma (Whole-Time Director) and Mohammad Arshi Abrar Khan.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Building No.17 – 18 3rd Level Wolk, Punj Essen House Nehru Place, New Delhi, Delhi, India – 110019.
As per the financials filed for FY 2025, the company reported a revenue of ₹72.76 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net loss of ₹20.86 Cr (net margin -28.7%) and EBITDA of -₹9.57 Cr (EBITDA margin -13.2%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 15% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Bestway Agencies. As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹5.5 Cr on record. Court records list 16 cases involving the company, including 8 filed by the company and 8 filed against it; 4 cases are pending. The company has 6 deals on record (3 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹94.86 Cr; the latest was in June 2025. Its 4 peer companies in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles) are compared by revenue, 2 larger and 2 smaller; the largest is Interglobe Energy Private Limited with revenue of ₹80.2 Cr. The company has 9 MSME Form 1 returns on record between 2021 and 2024, listing 352 overdue payments to 33 micro and small suppliers.
Bestway Agencies Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-28-0013035). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website elemotors.com.
Company details
CIN U51909DL2004PTC124090
Registration Number 124090
Incorporation Date 15 January 2004
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Greaves Electric Mobility Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-UP-28-0013035
Key People
Naveen Sharma Whole-Time Director Mohammad Arshi Abrar Khan Director Vikas Singh Nominee Director Recognitions & Rankings of Bestway Agencies
Contact details
Bestway Agencies Private Limited's registered office is in New Delhi, Delhi. Its website is elemotors.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBuilding No.17 – 18 3rd Level Wolk, Punj Essen House Nehru Place, New Delhi, Delhi, India – 110019
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
To see the full contact details of Bestway Agencies Private Limited, buy the company report.
Comprehensive company report
Bestway Agencies Private Limited - one report that includes everything
- 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
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Brands
Bestway Agencies operates one associated brand: Bestway Agencies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electric rickshaws are manufactured for passenger and cargo applications. | elerickshaw.co.in |
Business activity
The main business activity of Bestway Agencies is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles |
To see the full business activity and turnover split of Bestway Agencies Private Limited, buy the company report.
Financials of Bestway Agencies Private Limited
FY 2025 filings availableBestway Agencies Private Limited reported revenue of ₹72.76 Cr (down 23% YoY) for FY 2025.
Revenue · FY 2025
₹72.76 Cr ▼ 23%
Net loss · FY 2025
₹20.86 Cr margin -28.7%
EBITDA · FY 2025
-₹9.57 Cr margin -13.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 23%
3 years · compounded
▼ 9%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 16%
3 years · compounded
▼ 43%
5 years · compounded
▲ 7%
Revenue fell 23% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA rose 16% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹9.57 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹20.86 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -13.2% | ||||
| Net Profit Margin | -28.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Bestway Agencies Private Limited, buy the company report.
Board of directors of Bestway Agencies Private Limited
Bestway Agencies has 3 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naveen Sharma | Whole-Time Director | 26 Dec 2023 | 2 Years 10 Months | Current |
| Mohammad Arshi Abrar Khan Also directs: Greaves Electric Mobility Limited | Director | 03 Aug 2022 | 4 Years 2 Months | Current |
| Vikas Singh | Nominee Director | 23 Jul 2025 | 1 Years 3 Months | Current |
Peer comparison
Bestway Agencies Private Limited is compared with the 4 companies closest to it by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Interglobe Energy Private Limited | ₹80.2 Cr (FY 2025) | -17.0% | New Delhi, Delhi, India | |||
| Quantum Energy Limited | ₹73.59 Cr (FY 2025) | 28.0% | Hyderabad, Telangana, India | |||
| Bestway Agencies Private Limitedthis company | ₹72.76 Cr (FY 2025) | -₹20.86 Cr | -28.7% | -23.0% | 2 | New Delhi, Delhi, India |
| Engtian Electric Bike Private Limited | ₹72.36 Cr (FY 2025) | 102.0% | Kalyan, Maharashtra, India | |||
| Allfine Industries Private Limited | ₹65.59 Cr (FY 2025) | -60.0% | New Delhi, Delhi, India |
To see the full peer comparison of Bestway Agencies Private Limited, buy the company report.
Auditor
Bestway Agencies Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2024 | 117366W/W-100018 |
Shareholding
The shareholding of Bestway Agencies Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bestway Agencies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10 Cr
Satisfied charges
₹5.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Feb 2022 | 100562074 | Others | ₹10 Cr | Open | |
| 13 Jun 2019 | 100268999 | Others | ₹5.5 Cr | Satisfied |
To see the full charge records of Bestway Agencies Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Bestway Agencies Private Limited has 6 deals on record (3 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹94.86 Cr; the latest was in June 2025.
Total deals
6
Secondary share transfers
3
Rights issue
1
Funding round
1
Acquisition
1
Disclosed funding
₹94.86 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2025 | Funding round | ₹94.86 Cr | Investors: Greaves Electric Mobility Limited |
| Oct 2021 | Secondary share transfer | Undisclosed | Buyer: Greaves Electric Mobility Limited Seller: an individual |
| Jul 2020 | Acquisition | ₹6.76 Cr | Buyer: Greaves Electric Mobility Limited Seller: 2 individuals |
| Jul 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Nov 2017 | Rights issue | ₹10 Lakh | Investors: an individual |
To see the full deal history of Bestway Agencies 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
Bestway Agencies Private Limited has 16 court cases on record: 8 filed by Bestway Agencies, 8 filed against it. 4 cases are pending and 12 are disposed.
Total cases
16
Filed by the company
8
Filed against the company
8
Pending
4
Disposed
12
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 6 | 3 |
| High courts | 5 | 1 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Principal Bench | Insolvency matter | Filed against the company by Vedika Fincorp Private Limited | Disposed |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Okaya Power Pvt Ltd | Disposed |
| District court, Gurugram, Haryana | Execution petition | Filed against the company by M/S Harinder Industries Pvt Ltd | Disposed |
| High Court of Punjab and Haryana | Revision petition | Filed against the company by M/S Ram Ria Associates Pvt. Ltd. | Disposed |
| Allahabad High Court | Court case (NA528) | Filed by the company against State of Up and Another | Pending |
To see the full case history of Bestway Agencies 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
Bestway Agencies Private Limited has 9 MSME Form 1 returns on record between 2021 and 2024, listing 352 overdue payments to 33 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 33)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Gomti Steel Industries | |||
| Super Star Axles Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Bestway Agencies Private Limited |
To see the full MSME payment records of Bestway Agencies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Bestway Agencies Private Limited has a workforce of 2 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
2
Active EPFO establishments
1
Employee growth
-33.33%
GST
Bestway Agencies has 15 GST registrations: 7 active and 8 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
15
Active
7
Cancelled / inactive
8
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 10AACCB3847K1ZW | Bihar | Active | 07 Apr 2018 |
| 09AACCB3847K2ZE | Uttar Pradesh | Active | 20 Jan 2019 |
| 19AACCB3847K1ZE | West Bengal | Active | 21 Nov 2019 |
| 27AACCB3847K1ZH | Maharashtra | Active | 01 Mar 2021 |
To see the full GST registrations and return filing status of Bestway Agencies Private Limited, buy the company report.
Recent activity
Bestway Agencies Private Limited has 21 board changes on record since 2013: 3 appointments and 18 cessations. The latest: Vikas Singh was appointed as Nominee Director on 23 Jul 2025.
AGM
Bestway Agencies Private Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Appointed
Vikas Singh was appointed as Nominee Director.
Ceased
Kunnakavil Vijayakumar Kesavannair ceased to be Nominee Director.
Filing
Bestway Agencies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Ceased
Nirmal Nottamkandath Rajanarayanan ceased to be Nominee Director.
Ceased
Sanjay Kumar Behl ceased to be Nominee Director.
Appointed
Naveen Sharma was appointed as Whole-Time Director.
Ceased
Naveen Sharma ceased to be Additional Director.
Ceased
Alok Kapoor ceased to be Additional Director.
Ceased
Mohammad Arshi Abrar Khan ceased to be Additional Director.
Ceased
Dalpatraj Gajraj Jain ceased to be Nominee Director.
Appointed
Mohammad Arshi Abrar Khan was appointed as Director.
15 earlier events are in the company report.
Frequently asked questions
Bestway Agencies is an active private limited company based in New Delhi, Delhi, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 15 January 2004 (22+ years old) and is registered under CIN U51909DL2004PTC124090.
Bestway Agencies has 3 current directors:
- Naveen Sharma - Whole-Time Director
- Mohammad Arshi Abrar Khan - Director
- Vikas Singh - Nominee Director
The latest financial statements of Bestway Agencies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bestway Agencies is 10AACCB3847K1ZW, registered in Bihar. The company has 15 GST registrations in all, of which 7 are active and 8 are cancelled or inactive. Other active GSTINs include 09AACCB3847K2ZE (Uttar Pradesh), 19AACCB3847K1ZE (West Bengal), 27AACCB3847K1ZH (Maharashtra).
The CIN (Corporate Identification Number) of Bestway Agencies is U51909DL2004PTC124090. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bestway Agencies has 16 court cases on record: 8 filed by the company and 8 filed against it. 4 are pending. Most are in the district courts.
Bestway Agencies was incorporated on 15 January 2004, making it 22+ years old. It is registered with the Registrar of Companies, Delhi.
Bestway Agencies has 6 deals on record (3 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹94.86 Cr; the latest was in June 2025.
The peers of Bestway Agencies by revenue are Interglobe Energy Private Limited, Quantum Energy Limited, Engtian Electric Bike Private Limited, Allfine Industries Private Limited, all in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles).
Vikas Singh was appointed as Nominee Director on 23 Jul 2025. Kunnakavil Vijayakumar Kesavannair ceased to be Nominee Director on 14 Jul 2025. Nirmal Nottamkandath Rajanarayanan ceased to be Nominee Director on 31 May 2024. Bestway Agencies has 21 board changes on record in total.
Yes, Bestway Agencies is registered as a medium enterprise under Udyam registration (number: UDYAM-UP-28-0013035).
Bestway Agencies has 9 MSME Form 1 returns on record between 2021 and 2024, listing 352 overdue payments to 33 micro and small suppliers. The latest return was filed on 26 Apr 2024.