Startup India Government of India
Omjay EV Limited - automotive in Bhubaneswar, Odisha, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹92.63 Lakh
▼ 88% YoY
Net loss · FY 2024
₹5.02 Cr
Latest filing
EBITDA · FY 2024
-₹2.41 Cr
EBITDA margin -260%
Authorised capital
₹15 Cr
Registered with MCA
Paid-up capital
₹9.9 Cr
Issued & subscribed
Open charges
₹31 Cr
Satisfied ₹20.1 Cr
Company age
8 yrs
Est. 2018
Employees · EPFO
11
Provident fund records
About Omjay EV Limited
Data last updated:
Omjay EV Limited is a public limited company based in Bhubaneswar, Odisha, India, recognised as a startup by DPIIT. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 18 July 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U34300OR2018PLC029190. Its GSTIN is 21AACCO7477Q1ZU (Odisha). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹9.9 Cr. It is led by directors including Harsh Vardhan Didwania (Managing Director) and Jay Prakash Didwania.
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 Bhubaneswar, Odisha.
As per the financials filed for FY 2024, the company reported a revenue of ₹92.63 Lakh, a decline of 88% compared to the previous year. For the same year it recorded a net loss of ₹5.02 Cr and EBITDA of -₹2.41 Cr (EBITDA margin -260%). Revenue has declined at a compounded annual rate (CAGR) of 66% over three years.
The company has about 11 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: EeVe. As per MCA filings, the company has open charges of ₹31 Cr and satisfied charges of ₹20.1 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it; 2 cases are pending.
Omjay EV Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-OD-19-0003116). For more details, the company can be reached via its website eeveindia.com.
Company details
CIN U34300OR2018PLC029190
Registration Number 029190
Incorporation Date 18 July 2018
ROC Cuttack
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-OD-19-0003116
Key People
Harsh Vardhan Didwania Managing Director Jay Prakash Didwania Director Om Prakash Didwania Director Recognitions & Rankings of Omjay EV
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-OD-19-0003116
Contact details
Omjay EV Limited's registered office is in Bhubaneswar, Odisha. Its website is eeveindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressS3/45 Sector A, Mancheswar Industrial Estate, Bhubaneswar, Odisha, India – 751010
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
To see the full contact details of Omjay EV Limited, buy the company report.
Comprehensive company report
Omjay EV 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
Omjay EV operates one associated brand: EeVe. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces electric scooters with swappable batteries for eco-friendly transportation. | eeveindia.com |
Business activity
The main business activity of Omjay EV 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 Omjay EV Limited, buy the company report.
Financials of Omjay EV Limited
FY 2024 filings availableOmjay EV Limited reported revenue of ₹92.63 Lakh (down 88% YoY) for FY 2024.
Revenue · FY 2024
₹92.63 Lakh ▼ 88%
Net loss · FY 2024
₹5.02 Cr
EBITDA · FY 2024
-₹2.41 Cr margin -260%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 88%
3 years · compounded
▼ 66%
EBITDA CAGR growth
1 year
▼ 17%
3 years · compounded
▼ 97%
5 years · compounded
▼ 41%
Revenue has declined at a compounded annual rate (CAGR) of 66% over three years, including a 88% fall in the latest year. EBITDA fell 17% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹2.41 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.02 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -260% | ||||
| Net Profit Margin | |||||
| 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 Omjay EV Limited, buy the company report.
Board of directors of Omjay EV Limited
Omjay EV has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jay Prakash Didwania Also directs: Octogence Technologies Private Limited, Bharat Navnirman Limited, Bharat Infra Home Private Limited and 1 more | Director | 20 Feb 2025 | 1 Years 8 Months | Current |
| Om Prakash Didwania | Director | 11 Apr 2023 | 3 Years 7 Months | Current |
| Harsh Vardhan Didwania Also directs: Octogence Technologies Private Limited, Bharat Infra Home Private Limited, Unideal (India) Pvt. Ltd. and 4 more | Managing Director | 05 May 2020 | 6 Years 6 Months | Current |
| Anita Didwania Also directs: Shree Bharat Motors Limited, Twin City Commercials Private Limited | Director | 26 May 2022 | 4 Years 5 Months | Current |
Peer comparison
Omjay EV 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 |
|---|---|---|---|---|---|---|
| Yoshino Energy Private Limited | ₹96.66 Lakh (FY 2025) | 31.0% | Rourkela, Odisha, India | |||
| Six Senses Automotive Private Limited | ₹95.73 Lakh (FY 2025) | 18.0% | Gurugram, Haryana, India | |||
| Omjay EV Limitedthis company | ₹92.63 Lakh (FY 2024) | -₹5.02 Cr | -88.0% | 11 | Bhubaneswar, Odisha, India | |
| Attron Automotive Private Limited | ₹86.98 Lakh (FY 2025) | 286.0% | Pune, Maharashtra, India | |||
| Voltx EV Private Limited | ₹85.59 Lakh (FY 2025) | 4.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Omjay EV Limited, buy the company report.
Auditor
Omjay EV Limited is audited by K.C. SETHIA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K.C. SETHIA & ASSOCIATES | FY 2023 | 316081E |
Shareholding
The shareholding of Omjay EV Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Omjay EV Limited, buy the company report.
Charges & borrowings
Open charges
₹31 Cr
Satisfied charges
₹20.1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2021 | 100486071 | Others | ₹6 Cr | Open | |
| 16 Aug 2021 | 100479240 | Canara Bank | ₹25 Cr | Open | |
| 16 Mar 2024 | 100895870 | Others | ₹20.1 Cr | Satisfied |
To see the full charge records of Omjay EV Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Omjay EV Limited has 5 court cases on record: 3 filed by Omjay EV, 2 filed against it. 2 cases are pending and 3 are disposed.
Total cases
5
Filed by the company
3
Filed against the company
2
Pending
2
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 0 |
| District courts | 2 | 1 | 2 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by M/S Ralson India Ltd | Pending |
| District court, New Delhi, Delhi | Court case (OMP (COMM.)) | Filed by the company against Aeries Communication India Private Limited | Pending |
| High Court of Delhi | Arbitration matter | Filed against the company by Aeris Communication India Private Limited | Disposed |
| High Court, ORISSA | Writ petition | Filed by the company against The Dy. Commnr. of State Tax, CT and GST, Circle, BBSR I and 2 others | Disposed |
| High Court, ORISSA | Writ petition | Filed by the company against The Dy. Commnr. of State Tax, CT and GST, BBSR I and 2 others | Disposed |
To see the full case history of Omjay EV 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
Omjay EV Limited has 3 MSME Form 1 returns on record between 2020 and 2021, listing 34 overdue payments to 25 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 25)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Omjay EV Limited | |||
| Bharat Caarriers Limited | |||
| Bharat Motors Limited | |||
| Moonlight Tools Private Limited | |||
| Pawan Kumar Raj Kumar |
To see the full MSME payment records of Omjay EV Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Omjay EV Limited has a workforce of 11 employees on its EPFO records as of Mar 2026, across 1 active EPFO establishment.
Employee count
11
Active EPFO establishments
1
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2025-26 | 11 |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 |
To see the full employee and EPFO history of Omjay EV Limited, buy the company report.
GST
Omjay EV has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AACCO7477Q1ZU | Odisha | Active | 18 Sep 2018 |
To see the full GST registrations and return filing status of Omjay EV Limited, buy the company report.
Recent activity
Omjay EV Limited has 11 board changes on record since 2018: 4 appointments and 7 cessations. The latest: Jay Prakash Didwania was appointed as Director on 20 Feb 2025.
Appointed
Jay Prakash Didwania was appointed as Director.
Charges
A charge registered on 16 Mar 2024 via Charge ID 100895870 with Others was fully satisfied on 04 Nov 2024.
AGM
Omjay Ev Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Omjay Ev Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Cuttack.
Charges
A charge with Others amounted to Rs. 20.10 Cr with Charge ID 100895870 was registered on 16 Mar 2024.
Appointed
Om Prakash Didwania was appointed as Director.
Ceased
Anita Didwania ceased to be Additional Director.
Appointed
Anita Didwania was appointed as Director.
Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 100486071 was registered on 29 Sep 2021.
Charges
A charge with Canara Bank amounted to Rs. 25.00 Cr with Charge ID 100479240 was registered on 16 Aug 2021.
Ceased
Harsh Vardhan Didwania ceased to be Director.
Appointed
Harsh Vardhan Didwania was appointed as Managing Director.
6 earlier events are in the company report.
News
Frequently asked questions
Omjay EV is an active public limited company based in Bhubaneswar, Odisha, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 18 July 2018 (8+ years old) and is registered under CIN U34300OR2018PLC029190.
Omjay EV has 4 current directors:
- Harsh Vardhan Didwania - Managing Director
- Jay Prakash Didwania - Director
- Om Prakash Didwania - Director
- Anita Didwania - Director
The latest financial statements of Omjay EV 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 2019 are in the company report.
The GSTIN of Omjay EV is 21AACCO7477Q1ZU, registered in Odisha. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Omjay EV is U34300OR2018PLC029190. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Omjay EV has 5 court cases on record: 3 filed by the company and 2 filed against it. 2 are pending. Most are in the high courts.
Omjay EV was incorporated on 18 July 2018, making it 8+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Omjay EV by revenue are Yoshino Energy Private Limited, Six Senses Automotive Private Limited, Attron Automotive Private Limited, Voltx EV 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).
Jay Prakash Didwania was appointed as Director on 20 Feb 2025. Om Prakash Didwania was appointed as Director on 11 Apr 2023. Anita Didwania ceased to be Additional Director on 05 Sep 2022. Omjay EV has 11 board changes on record in total.
Yes, Omjay EV is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Omjay EV is registered as a small enterprise under Udyam registration (number: UDYAM-OD-19-0003116).
Omjay EV has 3 MSME Form 1 returns on record between 2020 and 2021, listing 34 overdue payments to 25 micro and small suppliers. The latest return was filed on 29 Jun 2021.
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