About Neon Motors Private Limited
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Neon Motors Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 27 June 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U34100AP2012PTC081685. Its GSTIN is 37AAECN0650N1Z9 (Andhra Pradesh). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹2.86 Cr and a paid-up capital of ₹2.86 Cr. It is led by directors Harsha Hanumara (Managing Director) and Chandrasekhar Bulusu (Whole-Time Director).
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 Visakhapatnam, Andhra Pradesh.
As per the financials filed for FY 2024, the company reported a revenue of ₹948.02 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net profit of ₹2.1 Cr (net margin 0.2%) and EBITDA of ₹19.89 Cr (EBITDA margin 2.1%). Revenue has grown at a compounded annual rate (CAGR) of 88% over three years and 37% over five years.
The company has about 1,116 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹230.58 Cr and satisfied charges of ₹11.16 Cr on record. Court records list 12 cases involving the company, including 7 filed by the company and 5 filed against it; 6 cases are 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 neonmotors.in.
Company details
Contact details
Neon Motors Private Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its website is neonmotors.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGround Floor Mbr Land Mark NH – 16, Opp. Bpcl Petrol Bunk Gajuwaka, Visakhapatnam, Andhra Pradesh, India – 530012
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Neon Motors 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 Neon Motors 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 Neon Motors Private Limited, buy the company report.
Financials of Neon Motors Private Limited
FY 2024 filings availableNeon Motors Private Limited reported revenue of ₹948.02 Cr (up 34% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 37% over five years, including 34% growth in the latest year. EBITDA rose 53% 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 |
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| EBITDA | ₹19.89 Cr | ||||
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| Net Profit (PAT) | ₹2.1 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.1% | ||||
| Net Profit Margin | 0.2% | ||||
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To see the full financial statements and ratios of Neon Motors Private Limited, buy the company report.
Board of directors of Neon Motors Private Limited
Neon Motors has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandrasekhar Bulusu Also directs: Apple Cars Private Limited, Neon Auto Private Limited, Neon Cars Private Limited and 1 more | Whole-Time Director | 30 Jun 2015 | 11 Years 3 Months | Current |
| Harsha Hanumara Also directs: Apple Cars Private Limited, Neon Auto Private Limited, Neon Cars Private Limited and 2 more | Managing Director | 27 Jun 2012 | 14 Years 3 Months | Current |
Peer comparison
Neon Motors Private Limited is compared with the 10 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 |
|---|---|---|---|---|---|---|
| Infinium Motors Private Limited | ₹962.67 Cr (FY 2025) | -9.0% | Gandhinagar, Gujarat, India | |||
| Param Automotive Private Limited | ₹958.74 Cr (FY 2025) | -5.0% | Ahmedabad, Gujarat, India | |||
| Perfect Retreads Private Limited | ₹958.62 Cr (FY 2025) | 12.0% | Rajkot, Gujarat, India | |||
| Trident Automobiles (Bangalore) Private Limited | ₹957.9 Cr (FY 2025) | -9.0% | Bangalore, Karnataka, India | |||
| Kun United Car Trax Private Limited | ₹952.73 Cr (FY 2024) | 15.0% | Hyderabad, Telangana, India | |||
| Neon Motors Private Limitedthis company | ₹948.02 Cr (FY 2024) | ₹2.1 Cr | 0.2% | 34.0% | 1,116 | Visakhapatnam, Andhra Pradesh, India |
| Gallops Motors Private Limited | ₹945.68 Cr (FY 2025) | 10.0% | Ahmedabad, Gujarat, India | |||
| Go Auto Private Limited | ₹942.39 Cr (FY 2024) | -83.0% | New Delhi, Delhi, India | |||
| Deutsche Cars Private Limited | ₹934.17 Cr (FY 2024) | 38.0% | New Delhi, Delhi, India | |||
| Bright 4 Wheel Sales Private Limited | ₹921.1 Cr (FY 2025) | 10.0% | Lucknow, Uttar Pradesh, India | |||
| Amp Motors Private Limited | ₹918.61 Cr (FY 2025) | 33.0% | New Delhi, Delhi, India |
To see the full peer comparison of Neon Motors Private Limited, buy the company report.
Auditor
Neon Motors Private Limited is audited by J. Sreenivasa Rao & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J. Sreenivasa Rao & Co. | FY 2023 | 009386S |
Shareholding
The shareholding of Neon Motors Private Limited 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Neon Motors Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Oct 2025 | 101181722 | The Hongkong and Shanghai Banking Corporation Limited | ₹12 Cr | Open | |
| 06 Oct 2025 | 101181725 | The Hongkong and Shanghai Banking Corporation Limited | ₹10 Lakh | Open | |
| 30 Nov 2024 | 101020313 | Others | ₹10 Cr | Open | |
| 28 Oct 2024 | 101004882 | Others | ₹30 Cr | Open | |
| 28 Oct 2024 | 101004959 | Others | ₹19 Cr | Open |
To see the full charge records of Neon Motors Private Limited, buy the company report.
Total charge records: 16 View all charges
Legal cases
Neon Motors Private Limited has 12 court cases on record: 7 filed by Neon Motors, 5 filed against it. 6 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 2 | 5 |
| District courts | 5 | 3 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (COMIP) | Filed against the company by Novex Communications Pvt.Ltd. | Pending |
| High Court of Andhra Pradesh | Court case (MACMA) | Filed against the company by United India Insurance Co. Ltd., | Pending |
| High Court, TELANGANA | Writ petition | Filed by the company against M/S Star Motors and Cars India Pvt. Ltd. and 3 others | Disposed |
| High Court, TELANGANA | Writ petition | Filed by the company against The State of Telangana and 2 others | Pending |
| High Court, TELANGANA | Writ petition | Filed by the company against Central Power Distribution Company of T.S. Ltd and 5 others | Pending |
To see the full case history of Neon Motors 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
No delayed payments to MSME suppliers are on our record for Neon Motors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Neon Motors Private Limited has a workforce of 1,116 employees on its EPFO records as of Apr 10, 2024, across 2 active EPFO establishments.
GST
Neon Motors has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAECN0650N1Z9 | Andhra Pradesh | Active | 01 Jul 2017 |
| 36AAECN0650N1ZB | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Neon Motors Private Limited, buy the company report.
Recent activity
Neon Motors Private Limited has 8 board changes on record since 2012: 5 appointments and 3 cessations. The latest: Gottumukkala Vara Prasad Raju ceased to be Director on 27 Sep 2019.
27 earlier events are in the company report.
Frequently asked questions
Neon Motors is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 27 June 2012 (14+ years old) and is registered under CIN U34100AP2012PTC081685.
Neon Motors has 2 current directors:
- Harsha Hanumara - Managing Director
- Chandrasekhar Bulusu - Whole-Time Director
The latest financial statements of Neon Motors 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 2015 are in the company report.
The GSTIN of Neon Motors is 37AAECN0650N1Z9, registered in Andhra Pradesh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 36AAECN0650N1ZB (Telangana).
The CIN (Corporate Identification Number) of Neon Motors is U34100AP2012PTC081685. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neon Motors has 12 court cases on record: 7 filed by the company and 5 filed against it. 6 are pending. Most are in the high courts.
Neon Motors was incorporated on 27 June 2012, making it 14+ years old. It is registered with the Registrar of Companies, Vijayawada.
The peers of Neon Motors by revenue are Infinium Motors Private Limited, Param Automotive Private Limited, Perfect Retreads Private Limited, Trident Automobiles (Bangalore) Private Limited, Kun United Car Trax Private Limited and 5 more, all in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading).
Gottumukkala Vara Prasad Raju ceased to be Director on 27 Sep 2019. Gottumukkala Vara Prasad Raju was appointed as Director on 18 Feb 2018. Himabindu Kommana ceased to be Director on 22 Aug 2015. Neon Motors has 8 board changes on record in total.
Neon Motors can be reached through the website neonmotors.in. Its registered office is in Visakhapatnam, Andhra Pradesh, India.
The registered office of Neon Motors is at Ground Floor Mbr Land Mark NH – 16, Opp. Bpcl Petrol Bunk Gajuwaka, Visakhapatnam, Andhra Pradesh, India – 530012.