About Muktar Automobiles Private Limited
Data last updated:
Muktar Automobiles Private Limited is a private limited company based in Bardez, Goa, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 19 May 2011.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U50103GA2011PTC006675. Its GSTIN is 30AAHCM1932D1Z3 (Goa). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It is led by directors including Garima Diggiwal (Irp/Rp/Liquidator) and Maheed Xec.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at House No Plot No 92/93/94 Pilerne Industrial Estate, Bardez, Goa, India – 403511.
As per the financials filed for FY 2019, the company reported a revenue of ₹96.07 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹1.57 Cr (net margin -1.6%) and EBITDA of ₹1.24 Cr (EBITDA margin 1.3%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 1% over five years.
The company has about 93 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹30.42 Cr and satisfied charges of ₹2 Cr on record. Court records list 11 cases involving the company, including 4 filed by the company and 7 filed against it; 2 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2.99 Cr; the latest was in March 2019. Its 4 peer companies in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading) are compared by revenue, 2 larger and 2 smaller; the largest is Kusumnath Automobiles Private Limited with revenue of ₹96.7 Cr.
The last known website on record is smgworld.in.
Company details
Contact details
Muktar Automobiles Private Limited's registered office is in Bardez, Goa. Its website is smgworld.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressHouse No Plot No 92/93/94 Pilerne Industrial Estate, Bardez, Goa, India – 403511
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Muktar Automobiles 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 Muktar Automobiles 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 Muktar Automobiles Private Limited, buy the company report.
Financials of Muktar Automobiles Private Limited
FY 2019 filings availableMuktar Automobiles Private Limited reported revenue of ₹96.07 Cr (down 7% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 69% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹96.07 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹1.24 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.57 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.3% | ||||
| Net Profit Margin | -1.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Muktar Automobiles Private Limited, buy the company report.
Board of directors of Muktar Automobiles Private Limited
Muktar Automobiles has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muktar Shamshuddin Shaikh Also directs: Integrated Mineral Resources Private Limited, Vagha Minerals Private Limited, Muktar Power (India) Private Limited and 2 more | Additional Director | 13 Jul 2020 | 6 Years 3 Months | As last reported |
| Garima Diggiwal | Irp/Rp/Liquidator | 19 Jun 2024 | 2 Years 4 Months | As last reported |
| Maheed Xec | Director | 21 Jul 2011 | 15 Years 3 Months | As last reported |
Peer comparison
Muktar Automobiles Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Kusumnath Automobiles Private Limited | ₹96.7 Cr (FY 2025) | 25.0% | Gaya, Bihar, India | |||
| Neo Automotives Private Limited | ₹96.47 Cr (FY 2025) | 5.0% | Jamnagar, Gujarat, India | |||
| Muktar Automobiles Private Limitedthis company | ₹96.07 Cr (FY 2019) | -₹1.57 Cr | -1.6% | -7.0% | 93 | Bardez, Goa, India |
| Banerjee Automobiles Private Limited | ₹96.01 Cr (FY 2024) | -2.0% | Durgapur, West Bengal, India | |||
| Fortune Malayalam Vehicles Private Limited | ₹95.97 Cr (FY 2025) | 8.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Muktar Automobiles Private Limited, buy the company report.
Auditor
Muktar Automobiles Private Limited is audited by R L B & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R L B & CO | FY 2019 | 116413W |
Shareholding
The shareholding of Muktar Automobiles Private Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Muktar Automobiles Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Mar 2019 | 100253310 | Tata Capital Financial Services Limited | ₹2 Cr | Open | |
| 22 Jul 2015 | 10586641 | Others | ₹2 Cr | Open | |
| 28 Nov 2012 | 10398179 | Corporation Bank | ₹2.88 Cr | Open | |
| 14 Sep 2012 | 10380181 | Central Bank of India | ₹17 Cr | Open | |
| 01 Jun 2012 | 10361958 | Central Bank of India | ₹54 Lakh | Open |
To see the full charge records of Muktar Automobiles Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Muktar Automobiles Private Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2.99 Cr; the latest was in March 2019.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Muktar Minerals Private Limited |
| Mar 2014 | Funding round | ₹50 Lakh | Investors: an individual |
| Oct 2011 | Funding round | ₹2.49 Cr | Investors: Muktar Minerals Private Limited , 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Muktar Automobiles Private Limited has 11 court cases on record: 4 filed by Muktar Automobiles, 7 filed against it. 2 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 7 | 2 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by Mahindra and Mahindra Ltd Through Rakesh Jain | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Mahindra and Mahindra Ltd Through Rakesh Jain | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Tata Capital Financial Service Ltd | Pending |
| District court, Kolhapur, Maharashtra | Civil suit | Filed against the company by M/S Gomatesh Enterprises Through Sunil Vilas Nille | Disposed |
| District court, South Goa, Goa | Arbitration matter | Filed by the company against M/S Naik Motors | Disposed |
To see the full case history of Muktar Automobiles 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.
Credit ratings & regulatory alerts
Muktar Automobiles Private Limited was last rated by Care on 10 Aug 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 10 Aug 2026 |
To see the full credit ratings and regulatory alerts of Muktar Automobiles Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Muktar Automobiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Muktar Automobiles Private Limited has a workforce of 93 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Muktar Automobiles has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAHCM1932D1Z3 | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Muktar Automobiles Private Limited, buy the company report.
Recent activity
Muktar Automobiles Private Limited has 7 board changes on record since 2011: 3 appointments and 4 cessations. The latest: Garima Diggiwal was appointed as Irp/Rp/Liquidator on 19 Jun 2024.
9 earlier events are in the company report.
Frequently asked questions
Muktar Automobiles is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Muktar Automobiles is a company under insolvency, formerly operating as a private limited company based in Bardez, Goa, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 19 May 2011 and is registered under CIN U50103GA2011PTC006675. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Muktar Automobiles has 3 current directors:
- Muktar Shamshuddin Shaikh - Additional Director
- Maheed Xec - Director
- Garima Diggiwal - Irp/Rp/Liquidator
The latest financial statements of Muktar Automobiles on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Muktar Automobiles is U50103GA2011PTC006675. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Muktar Automobiles has open charges of ₹30.42 Cr and satisfied charges of ₹2 Cr as per latest MCA filings.
Muktar Automobiles has 11 court cases on record: 4 filed by the company and 7 filed against it. 2 are pending.
Muktar Automobiles was incorporated on 19 May 2011. It is registered with the Registrar of Companies, Goa.
Muktar Automobiles has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2.99 Cr; the latest was in March 2019.
The peers of Muktar Automobiles by revenue are Kusumnath Automobiles Private Limited, Neo Automotives Private Limited, Banerjee Automobiles Private Limited, Fortune Malayalam Vehicles Private Limited, all in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading).
Garima Diggiwal was appointed as Irp/Rp/Liquidator on 19 Jun 2024. Custodio Sabastiao Fernandes ceased to be Director on 13 Jul 2020. Muktar Shamshuddin Shaikh was appointed as Additional Director on 13 Jul 2020. Muktar Automobiles has 7 board changes on record in total.
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