About Omjay EV Limited
Data last updated:
Omjay EV Limited is a public limited company based in Bhubaneswar, Orissa, India, recognised as a startup by DPIIT. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 18 July 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U34300OR2018PLC029190. Its GSTIN is 21AACCO7477Q1ZU (Odisha). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹9.9 Cr. It is led by directors including Harsh Vardhan Didwania (Managing Director) and Jay Prakash Didwania.
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 S3/45 Sector A, Mancheswar Industrial Estate, Bhubaneswar, Orissa, India – 751010.
As per the financials filed for FY 2024, the company reported a revenue of ₹92.63 Lakh, a decline of 88% compared to the previous year. For the same year it recorded a net loss of ₹5.02 Cr and EBITDA of -₹2.41 Cr (EBITDA margin -260%). Revenue has declined at a compounded annual rate (CAGR) of 66% over three years.
The company has about 25 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: EeVe. As per MCA filings, the company has open charges of ₹31 Cr and satisfied charges of ₹20.1 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it; 2 cases are pending.
For more details, the company can be reached via its website eeveindia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressS3/45 Sector A, Mancheswar Industrial Estate, Bhubaneswar, Orissa, India – 751010
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
- 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
- One PDF report, delivered after checkout
Business Activity of Omjay EV Limited
The main business activity of Omjay EV is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Omjay EV Limited FY 2024 filings available
Omjay EV Limited reported revenue of ₹92.63 Lakh (down 88% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Omjay EV Limited
Revenue has declined at a compounded annual rate (CAGR) of 66% over three years, including a 88% fall in the latest year. EBITDA fell 17% 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 of Omjay EV Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹2.41 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹5.02 Cr | •••• | •••• | •••• | •••• |
| 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 of Omjay EV Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -260% | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Omjay EV are in the company report.
Financial statements from FY 2019
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Omjay EV Limited
Omjay EV Limited is compared with the companies closest to it by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Evoride Motors Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Yoshino Energy Private Limited | •••• | •••• | •••• | •••• | - | Rourkela, Orissa, India |
| Six Senses Automotive Private Limited | •••• | •••• | •••• | •••• | - | Gurugram, Haryana, India |
| Illicium Motors Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| EV Techo Electra Motors Private Limited | •••• | •••• | •••• | •••• | - | Pune City, Maharashtra, India |
| Omjay EV Limited this company | •••• | •••• | •••• | •••• | - | Bhubaneswar, Orissa, India |
| Gozero Mobility Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Attron Automotive Private Limited | •••• | •••• | •••• | •••• | 16 | Pune, Maharashtra, India |
| Bserail Engineering Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Voltx EV Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Avera New and Renewable Energy Motocorptech Private Limited | •••• | •••• | •••• | •••• | - | Vijayawada, Andhra Pradesh, India |
Peers are the five companies nearest above and the five nearest below Omjay EV by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Omjay EV Limited
Omjay EV Limited is audited by K.C. SETHIA & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K.C. SETHIA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Omjay EV Limited
Omjay EV has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jay Prakash Didwania Also directs: Octogence Technologies Private Limited, Bharat Navnirman Limited, Bharat Infra Home Private Limited and 1 more | Director | 20 Feb 2025 | 1 Years 7 Months | Current |
| Om Prakash Didwania | Director | 11 Apr 2023 | 3 Years 5 Months | Current |
| Harsh Vardhan Didwania Also directs: Octogence Technologies Private Limited, Bharat Infra Home Private Limited, Unideal (India) Pvt. Ltd. and 4 more | Managing Director | 05 May 2020 | 6 Years 5 Months | Current |
| Anita Didwania Also directs: Shree Bharat Motors Limited, Twin City Commercials Private Limited | Director | 26 May 2022 | 4 Years 4 Months | Current |
Ownership and Shareholding of Omjay EV Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Omjay EV Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Sep 2021 | Others | ₹6 Cr | Open |
| 16 Aug 2021 | Canara Bank | ₹25 Cr | Open |
| 16 Mar 2024 | Others | ₹20.1 Cr | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Omjay EV Limited
Omjay EV Limited has 5 court cases on record: 3 filed by Omjay EV, 2 filed against it. 2 cases are pending and 3 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 0 |
| District courts | 2 | 1 | 2 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by Ralson (India) Limited | Pending |
| District court, New Delhi, Delhi | Court case (OMP (COMM.)) | Filed by the company against Aeries Communication India Private Limited | Pending |
| High Court of Delhi | Arbitration matter | Filed against the company by Aeris Communication India Private Limited | Disposed |
| High Court of Orissa | Writ petition | Filed by the company against Dy. Commnr. of State Tax, CT and GST, BBSR I | Disposed |
| High Court of Orissa | Writ petition | Filed by the company against Dy. Commnr. of State Tax, CT and GST, Circle, BBSR I | Disposed |
Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Omjay EV Limited
Omjay EV Limited has 3 MSME Form 1 returns on record between 2020 and 2021, listing 34 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 |
|---|---|---|---|
| Omjay EV Limited | •••• | •••• | •••• |
| Bharat Caarriers Limited | •••• | •••• | •••• |
| Bharat Motors Limited | •••• | •••• | •••• |
| Moonlight Tools Private Limited | •••• | •••• | •••• |
| Pawan Kumar Raj Kumar | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Omjay EV Limited
Omjay EV operates one associated brand: EeVe. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces electric scooters with swappable batteries for eco-friendly transportation. | eeveindia.com |
Employees and EPFO Compliance at Omjay EV Limited
Omjay EV Limited has a workforce of 25 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
News related to Omjay EV Limited
Recent Activity on Omjay EV Limited
Omjay EV Limited has 11 board changes on record since 2018: 4 appointments and 7 cessations. The latest: Jay Prakash Didwania was appointed as Director on 20 Feb 2025.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Omjay EV Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Omjay EV Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Omjay EV Limited
Omjay EV has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AACCO7477Q1ZU | Odisha | Active | 18 Sep 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Omjay EV Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Omjay EV Limited
Omjay EV is an active public limited company based in Bhubaneswar, Orissa, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 18 July 2018 (8+ years old) and is registered under CIN U34300OR2018PLC029190.
Omjay EV reported revenue of ₹92.63 Lakh for FY 2024 (down 88% YoY).
Omjay EV has 4 current directors:
- Harsh Vardhan Didwania - Managing Director
- Jay Prakash Didwania - Director
- Om Prakash Didwania - Director
- Anita Didwania - Director
Omjay EV reported a net loss of ₹5.02 Cr and EBITDA of -₹2.41 Cr (EBITDA margin -260%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Omjay EV is -66% over three years. In the latest year (FY 2024) revenue fell 88%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Omjay EV is 21AACCO7477Q1ZU, registered in Odisha. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Omjay EV is U34300OR2018PLC029190. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Omjay EV has 5 court cases on record: 3 filed by the company and 2 filed against it. 2 are pending. Most are in the high courts.
Omjay EV was incorporated on 18 July 2018, making it 8+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Omjay EV by revenue are Evoride Motors Private Limited, Yoshino Energy Private Limited, Six Senses Automotive Private Limited, Illicium Motors Private Limited, EV Techo Electra Motors Private Limited and 5 more, all in the Automobiles industry (Electric and Bio Fuel Vehicles).
Jay Prakash Didwania was appointed as Director on 20 Feb 2025. Om Prakash Didwania was appointed as Director on 11 Apr 2023. Anita Didwania ceased to be Additional Director on 05 Sep 2022. Omjay EV has 11 board changes on record in total.
Yes, Omjay EV is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).