Nik Motors Private Limited

Nik Motors Private Limited - automotive in Rajkot, Gujarat, India. FY 2026 financials & compliance.
CIN U25209GJ2016PTC094491 Incorporated 25 November 2016 ROC Ahmedabad HQ Rajkot, Gujarat, India
Active Private Limited Company automotive MSME · Micro
Revenue · FY 2022
₹7.03 Cr
▲ 72% YoY
Net profit · FY 2022
₹1.04 Lakh
Net margin 0.1%
EBITDA · FY 2022
₹23.85 Lakh
EBITDA margin 3.4%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹1.24 Cr
Satisfied ₹24 Lakh
Company age
10 yrs
Est. 2016
Directors on board
2
As per MCA filings

About Nik Motors Private Limited

Data last updated:

Nik Motors Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 25 November 2016 and has been in existence for over 10 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25209GJ2016PTC094491. Its GSTIN is 24AAFCN4248M1Z7 (Gujarat).

The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Pravinbhai Dhirajlal Viradia and Shobhanaben Lalitbhai Viradiya.

Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Rajkot, Gujarat.

As per the financials filed for FY 2022, the company reported a revenue of ₹7.03 Cr, a growth of 72% compared to the previous year. For the same year it recorded a net profit of ₹1.04 Lakh (net margin 0.1%) and EBITDA of ₹23.85 Lakh (EBITDA margin 3.4%). Revenue has grown at a compounded annual rate (CAGR) of 49% over three years.

As per MCA filings, the company has open charges of ₹1.24 Cr and satisfied charges of ₹24 Lakh on record. Court records list 1 case involving the company, including 1 filed against it.

Nik Motors Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0017758). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nikmotors.in.

Company details

CIN U25209GJ2016PTC094491
Registration Number 094491
Incorporation Date 25 November 2016
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-20-0017758
Key People
Pravinbhai Dhirajlal Viradia Director Shobhanaben Lalitbhai Viradiya Director

Recognitions & Rankings of Nik Motors

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-GJ-20-0017758

Contact details

Nik Motors Private Limited's registered office is in Rajkot, Gujarat. Its website is nikmotors.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    nikmotors.in
  • Registered Address
    Plot No.70 Virani Aghat B/H. Sun Raise Polymars Dhebar Road (So, Uth), Rajkot, Gujarat, India – 360002
  • Industry
    Automotive, Auto Parts & Components

To see the full contact details of Nik Motors Private Limited, buy the company report.

Comprehensive company report
Nik Motors Private 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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Secure checkout · GST invoice included

Business activity

The main business activity of Nik Motors is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment

To see the full business activity and turnover split of Nik Motors Private Limited, buy the company report.

Financials of Nik Motors Private Limited

FY 2022 filings available

Nik Motors Private Limited reported revenue of ₹7.03 Cr (up 72% YoY) for FY 2022.

Revenue · FY 2022
₹7.03 Cr ▲ 72%
Net profit · FY 2022
₹1.04 Lakh margin 0.1%
EBITDA · FY 2022
₹23.85 Lakh margin 3.4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 72%
3 years · compounded
▲ 49%
EBITDA CAGR growth
1 year
▲ 95%
3 years · compounded
▲ 290%
5 years · compounded
▲ 200%

Revenue has grown at a compounded annual rate (CAGR) of 49% over three years, including 72% growth in the latest year. EBITDA rose 95% 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

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profit and Loss Statement
Revenue from Operations₹7.03 Cr
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹23.85 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.04 Lakh
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

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profitability
EBITDA Margin3.4%
Net Profit Margin0.1%
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 Nik Motors Private Limited, buy the company report.

Board of directors of Nik Motors Private Limited

Nik Motors has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Pravinbhai Dhirajlal Viradia
Also directs: Palthan Overseas LLP, Joybizz Community LLP, 7 Scents Lifestyle Private Limited
Director25 Nov 20169 Years 11 MonthsCurrent
Shobhanaben Lalitbhai ViradiyaDirector28 Dec 20187 Years 10 MonthsCurrent
View all directors

Auditor

Nik Motors Private Limited is audited by H B HIRAPARA & CO for the financial year 2022.

Auditor firmFinancial yearFirm registration number
H B HIRAPARA & COFY 2022122123W

Shareholding

The shareholding of Nik Motors Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.

Shareholder categoryFY 2022FY 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Public
Others

To see the full shareholding pattern of Nik Motors Private Limited, buy the company report.

Charges & borrowings

Open charges
₹1.24 Cr
Satisfied charges
₹24 Lakh
Breakdown by lending institutions
Axis Bank Limited₹1.24 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
26 Aug 2020100364934Axis Bank Limited₹83.1 LakhOpen
26 Aug 2020100364936Axis Bank Limited₹40.9 LakhOpen
28 Mar 2019100252124The South Indian Bank Limited₹24 LakhSatisfied

To see the full charge records of Nik Motors Private Limited, buy the company report.

Total charge records: 3 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Nik Motors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Nik Motors has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAFCN4248M1Z7GujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Nik Motors Private Limited, buy the company report.

Recent activity

Nik Motors Private Limited has 4 board changes on record since 2016: 2 appointments and 2 cessations. The latest: Shobhanaben Lalitbhai Viradiya ceased to be Additional Director on 30 Sep 2019.

AGM
Nik Motors Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Nik Motors Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Ahmedabad.
Charges
A charge registered on 28 Mar 2019 via Charge ID 100252124 with The South Indian Bank Limited was fully satisfied on 12 Aug 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 83.10 Lakh with Charge ID 100364934 was registered on 26 Aug 2020.
Charges
A charge with Axis Bank Limited amounted to Rs. 40.90 Lakh with Charge ID 100364936 was registered on 26 Aug 2020.
Ceased
Shobhanaben Lalitbhai Viradiya ceased to be Additional Director.
Charges
A charge with The South Indian Bank Limited amounted to Rs. 24.00 Lakh with Charge ID 100252124 was registered on 28 Mar 2019.
Ceased
Lalitbhai Jadavbhai Viradiya ceased to be Director.
Appointed
Shobhanaben Lalitbhai Viradiya was appointed as Director.
Appointed
Pravinbhai Dhirajlal Viradia was appointed as Director.
Incorporation
25 Nov 2016
Nik Motors Private Limited was registered on 25 Nov 2016 with Roc Ahmedabad & aged 9 years 11 months as per MCA records.

Frequently asked questions

Nik Motors is an active private limited company based in Rajkot, Gujarat, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 25 November 2016 (10+ years old) and is registered under CIN U25209GJ2016PTC094491.

Nik Motors has 2 current directors:

The latest financial statements of Nik Motors on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2017 are in the company report.

The GSTIN of Nik Motors is 24AAFCN4248M1Z7, registered in Gujarat.

The CIN (Corporate Identification Number) of Nik Motors is U25209GJ2016PTC094491. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Nik Motors has 1 court case on record: 1 filed against it.

Nik Motors was incorporated on 25 November 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Shobhanaben Lalitbhai Viradiya ceased to be Additional Director on 30 Sep 2019. Lalitbhai Jadavbhai Viradiya ceased to be Director on 29 Dec 2018. Shobhanaben Lalitbhai Viradiya was appointed as Director on 28 Dec 2018. Nik Motors has 4 board changes on record in total.

Yes, Nik Motors is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-20-0017758).

Nik Motors can be reached through the website nikmotors.in. Its registered office is in Rajkot, Gujarat, India.