About Neo Wheels Limited (CN)
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Neo Wheels Limited (CN) is a public limited company based in Mumbai, Maharashtra, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 08 April 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28920MH1987PLC043104. Its GSTIN is 27AAACV3769Q1ZI (Maharashtra).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.9 Cr. It was formerly known as Versatile Hitech Consultants and Engineers Ltd. It is led by directors including Sanjay Rashiklal Kacheria (Managing Director) and Satya Paresh Kacheria.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹119.52 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹11.1 Cr (net margin 9.3%) and EBITDA of ₹22.92 Cr (EBITDA margin 19.2%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 19% over five years.
The company is associated with 1 brand: Neo Wheels. As per MCA filings, the company has open charges of ₹70.88 Cr and satisfied charges of ₹62 Cr on record. Court records list 7 cases involving the company, including 4 filed by the company and 3 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website neowheels.com.
Company details
Contact details
Neo Wheels Limited (CN)'s registered office is in Mumbai, Maharashtra. Its website is neowheels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address14 Floor Unit No 3 E Wing A Block Trade Link Kamalcity Kamala Mills Compound Lower Pa, Rel (West), Mumbai, Maharashtra, India – 400013
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Neo Wheels Limited (CN), 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
Brands
Neo Wheels Limited (CN) operates one associated brand: Neo Wheels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Aluminum alloy wheels are manufactured for electric bikes and scooters. | neowheels.com |
Business activity
The main business activity of Neo Wheels Limited (CN) is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Neo Wheels Limited (CN), buy the company report.
Financials of Neo Wheels Limited (CN)
FY 2025 filings availableNeo Wheels Limited (CN) reported revenue of ₹119.52 Cr (up 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 17% growth in the latest year. EBITDA rose 31% 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 | ₹22.92 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.1 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 | 19.2% | ||||
| Net Profit Margin | 9.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Neo Wheels Limited (CN), buy the company report.
Board of directors of Neo Wheels Limited (CN)
Neo Wheels Limited (CN) has 6 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Rashiklal Kacheria Also directs: Sharda Wheels Private Limited | Managing Director | 23 Feb 1994 | 32 Years 8 Months | Current |
| Satya Paresh Kacheria | Director | 17 Jan 2021 | 5 Years 9 Months | Current |
| Paresh Rashiklal Kacheria Also directs: Sharda Wheels Private Limited | Director | 23 Feb 1994 | 32 Years 8 Months | Current |
| Ajay Pratapray Shanghavi Also directs: Select Global Solutions LLP, Foray Advisors LLP, Responsive Industries Limited and 5 more | Director | 21 Mar 2025 | 1 Years 7 Months | Current |
| Parvindar Singh Baldev Vedang | Director | 30 Apr 2024 | 2 Years 6 Months | Current |
| Rahil Sanjay Kacheria | Director | 12 Feb 2024 | 2 Years 8 Months | Current |
Peer comparison
Neo Wheels Limited (CN) is compared with the 3 companies closest to it by revenue in the Automobiles industry (Auto Ancillary), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kafila Forge Private Limited | ₹120.52 Cr (FY 2025) | 1.0% | Delhi, India | |||
| Globe Precision Industries Pvt Ltd | ₹119.86 Cr (FY 2025) | -6.0% | Solan, Himachal Pradesh, India | |||
| Neo Wheels Limited (CN)this company | ₹119.52 Cr (FY 2025) | ₹11.1 Cr | 9.3% | 17.0% | Mumbai, Maharashtra, India | |
| Umashakti Steels Private Limited | ₹119.17 Cr (FY 2025) | -11.0% | New Delhi, Delhi, India |
To see the full peer comparison of Neo Wheels Limited (CN), buy the company report.
Auditor
Neo Wheels Limited (CN) is audited by P.M. DHARIA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P.M. DHARIA & CO. | FY 2023 | 102462W |
Shareholding
The shareholding of Neo Wheels Limited (CN) is on record for 5 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 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Neo Wheels Limited (CN), buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 May 2024 | 100920497 | Bank of India | ₹15.57 Cr | Open | |
| 29 Mar 2023 | 100693817 | Others | ₹5.9 Cr | Open | |
| 05 Oct 2021 | 100494508 | Hdfc Bank Limited | ₹39 Cr | Open | |
| 09 Jul 2020 | 100355881 | Others | ₹5.71 Lakh | Open | |
| 24 Sep 2019 | 100293827 | Others | ₹8.35 Cr | Open |
To see the full charge records of Neo Wheels Limited (CN), buy the company report.
Total charge records: 18 View all charges
Legal cases
Neo Wheels Limited (CN) has 7 court cases on record: 4 filed by Neo Wheels Limited (CN), 3 filed against it. 1 case is pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 2 | 0 |
| High courts | 2 | 1 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CUAPP) | Filed against the company by The Commissioner of Customs Nhava Sheva V Mumbai 2 | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP) | Filed against the company by an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Comp. ULP) | Filed against the company by an individual | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Union of India and Anr | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP) | Filed by the company against an individual | Disposed |
To see the full case history of Neo Wheels Limited (CN), 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
Neo Wheels Limited (CN) was last rated by Crisil on 03 Jul 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 03 Jul 2019 |
To see the full credit ratings and regulatory alerts of Neo Wheels Limited (CN), buy the company report.
MSME payment delays
Neo Wheels Limited (CN) has 6 MSME Form 1 returns on record between 2019 and 2021, listing 221 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 |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Aeroaid Corporation | |||
| Scottish Chemical Industries | |||
| an individual supplier |
To see the full MSME payment records of Neo Wheels Limited (CN), buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Neo Wheels Limited (CN) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV3769Q1ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Neo Wheels Limited (CN), buy the company report.
Recent activity
Neo Wheels Limited (CN) has 10 board changes on record since 1994: 8 appointments and 2 cessations. The latest: Ajay Pratapray Shanghavi was appointed as Director on 21 Mar 2025.
37 earlier events are in the company report.
Frequently asked questions
Neo Wheels Limited (CN) is an active public limited company based in Mumbai, Maharashtra, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 08 April 1987 (39+ years old) and is registered under CIN U28920MH1987PLC043104.
Neo Wheels Limited (CN) has 6 current directors:
- Sanjay Rashiklal Kacheria - Managing Director
- Satya Paresh Kacheria - Director
- Paresh Rashiklal Kacheria - Director
- Ajay Pratapray Shanghavi - Director
- Parvindar Singh Baldev Vedang - Director
- Rahil Sanjay Kacheria - Director
The latest financial statements of Neo Wheels Limited (CN) 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 Neo Wheels Limited (CN) is 27AAACV3769Q1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Neo Wheels Limited (CN) is U28920MH1987PLC043104. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neo Wheels Limited (CN) has 7 court cases on record: 4 filed by the company and 3 filed against it. 1 is pending. Most are in the district courts.
Neo Wheels Limited (CN) was incorporated on 08 April 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Neo Wheels Limited (CN) by revenue are Kafila Forge Private Limited, Globe Precision Industries Pvt Ltd, Umashakti Steels Private Limited, all in the Automobiles industry (Auto Ancillary), with the same principal business activity (metal and metal products).
Ajay Pratapray Shanghavi was appointed as Director on 21 Mar 2025. Mayur Dinesh Parmar ceased to be Director on 11 Mar 2025. Mayur Dinesh Parmar was appointed as Director on 30 Apr 2024. Neo Wheels Limited (CN) has 10 board changes on record in total.
Neo Wheels Limited (CN) has 6 MSME Form 1 returns on record between 2019 and 2021, listing 221 overdue payments to 25 micro and small suppliers. The latest return was filed on 02 Nov 2021.
Neo Wheels Limited (CN) can be reached through the website neowheels.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Neo Wheels Limited (CN) is at 14 Floor Unit No 3 E Wing A Block Trade Link Kamalcity Kamala Mills Compound Lower Pa, Rel West, Mumbai, Maharashtra, India – 400013.
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