Next2new Vehicles Private Limited
About Next2new Vehicles Private Limited
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Next2new Vehicles Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 14 June 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U50400DL2019PTC351362.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1,000. It is led by directors Krishnan Narayanswamy and Reddappa.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A – 54 Basement Gulmohar Park, New Delhi, Delhi, India – 110049.
As per the financials filed for FY 2025, the company reported a revenue of ₹27,000, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹4.84 Lakh and EBITDA of -₹4.84 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 98% over three years and 80% over five years.
As per MCA filings, the company has satisfied charges of ₹177 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 2 cases are pending. The company has 2 deals on record (2 debt financings), with disclosed funding of ₹23.5 Cr; the latest was in April 2021. Its 4 peer companies in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading) are compared by revenue, 3 larger and 1 smaller; the largest is Prabha Devi Enterprises Private Limited with revenue of ₹27,850. The company has 7 MSME Form 1 returns on record between 2021 and 2023, listing 16 overdue payments to 4 micro and small suppliers.
Company details
Contact details
Next2new Vehicles Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressA – 54 Basement Gulmohar Park, New Delhi, Delhi, India – 110049
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Next2new Vehicles 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
Financials of Next2new Vehicles Private Limited
FY 2025 filings availableNext2new Vehicles Private Limited reported revenue of ₹27,000 (down 98% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 80% over five years, including a 98% fall in the latest year. EBITDA rose 50% 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 | -₹4.84 Lakh | ||||
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| Net Profit (PAT) | -₹4.84 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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To see the full financial statements and ratios of Next2new Vehicles Private Limited, buy the company report.
Board of directors of Next2new Vehicles Private Limited
Next2new Vehicles has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishnan Narayanswamy Also directs: SDX Partners LLP, Fungised Solutions Private Limited, Zivanti Clothing Private Limited and 5 more | Director | 06 Nov 2023 | 2 Years 11 Months | Current |
| Reddappa Also directs: Trustnride Vehicles Private Limited, Herbaceous Retail Private Limited, Fingerprints Fashions Private Limited and 5 more | Director | 06 Nov 2023 | 2 Years 11 Months | Current |
Peer comparison
Next2new Vehicles 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 |
|---|---|---|---|---|---|---|
| Prabha Devi Enterprises Private Limited | ₹27,850 (FY 2024) | 8.0% | Khalilabad, Uttar Pradesh, India | |||
| Tiaan Wheels Private Limited | ₹27,422 (FY 2024) | -100.0% | Thane, Maharashtra, India | |||
| Ramani Automotives Private Limited | ₹27,141 (FY 2024) | 25.0% | Salem, Tamil Nadu, India | |||
| Next2new Vehicles Private Limitedthis company | ₹27,000 (FY 2025) | -₹4.84 Lakh | -98.0% | New Delhi, Delhi, India | ||
| Bansi Dhar Ganga Prasad Private Limited | ₹26,200 (FY 2024) | New Delhi, Delhi, India |
To see the full peer comparison of Next2new Vehicles Private Limited, buy the company report.
Auditor
Next2new Vehicles Private Limited is audited by Barwal and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Barwal and Associates | FY 2023 | 022378N |
Shareholding
The shareholding of Next2new Vehicles Private 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 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Next2new Vehicles Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Aug 2022 | 100608246 | Hdfc Bank Limited | ₹17 Cr | Satisfied | |
| 10 Jun 2022 | 100588330 | Others | ₹20 Cr | Satisfied | |
| 25 Mar 2022 | 100562467 | Yes Bank Limited | ₹10 Cr | Satisfied | |
| 09 Mar 2022 | 100555141 | Axis Bank Limited | ₹12.5 Cr | Satisfied | |
| 07 Dec 2021 | 100519780 | Others | ₹25 Cr | Satisfied |
To see the full charge records of Next2new Vehicles Private Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Next2new Vehicles Private Limited has 2 deals on record (2 debt financings), with disclosed funding of ₹23.5 Cr; the latest was in April 2021.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2021 | Debt financing | ₹8.5 Cr | Investors: InnoVen Capital |
| Apr 2021 | Debt financing | ₹15 Cr | Investors: InnoVen Capital |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Next2new Vehicles Private Limited has 2 court cases on record: 2 filed by Next2new Vehicles. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Writ petition | Filed by the company against The Joint Commissioner Ae CGST Gurugram Commissionerate | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against The Additional Commissioner CGST Gurugram Commissionerate and Another | Pending |
To see the full case history of Next2new Vehicles 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
Next2new Vehicles Private Limited has 7 MSME Form 1 returns on record between 2021 and 2023, listing 16 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Trinity Auto Industries LLP | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Next2new Vehicles Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
No GST registration is on our record for Next2new Vehicles Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Next2new Vehicles Private Limited has 6 board changes on record since 2023: 2 appointments and 4 cessations. The latest: Krishnan Narayanswamy ceased to be Additional Director on 29 Sep 2024.
27 earlier events are in the company report.
Frequently asked questions
Next2new Vehicles is an active private limited company based in New Delhi, Delhi, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 14 June 2019 (7+ years old) and is registered under CIN U50400DL2019PTC351362.
Next2new Vehicles has 2 current directors:
- Krishnan Narayanswamy - Director
- Reddappa - Director
The latest financial statements of Next2new Vehicles on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2020 are in the company report.
The CIN (Corporate Identification Number) of Next2new Vehicles is U50400DL2019PTC351362. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Next2new Vehicles has 2 court cases on record: 2 filed by the company. 2 are pending.
Next2new Vehicles was incorporated on 14 June 2019, making it 7+ years old. It is registered with the Registrar of Companies, Delhi.
Next2new Vehicles has 2 deals on record (2 debt financings), with disclosed funding of ₹23.5 Cr; the latest was in April 2021.
The peers of Next2new Vehicles by revenue are Prabha Devi Enterprises Private Limited, Tiaan Wheels Private Limited, Ramani Automotives Private Limited, Bansi Dhar Ganga Prasad Private Limited, all in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading).
Krishnan Narayanswamy ceased to be Additional Director on 29 Sep 2024. Reddappa ceased to be Additional Director on 29 Sep 2024. Arjun Grover Singh ceased to be Director on 06 Nov 2023. Next2new Vehicles has 6 board changes on record in total.
Next2new Vehicles has 7 MSME Form 1 returns on record between 2021 and 2023, listing 16 overdue payments to 4 micro and small suppliers. The latest return was filed on 13 Nov 2023.
The registered office of Next2new Vehicles is at A – 54 Basement Gulmohar Park, New Delhi, Delhi, India – 110049.
Next2new Vehicles operates in the automotive industry, in the auto dealership and trading segment.