About Paramount Wheels Private Limited
Data last updated:
Paramount Wheels Private Limited is a private limited company based in Thane, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 08 December 2010.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U50102MH2010PTC210802. Its GSTIN is 27AAFCP7673Q1ZG (Maharashtra).
The company has an authorised share capital of ₹6.5 Cr and a paid-up capital of ₹6.2 Cr. It is led by directors Rajeev Jagmohan Arora and Nandkishor Shravan Dhamane.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Thane, Maharashtra.
As per the financials filed for FY 2018, the company reported a revenue of ₹174.31 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹6.21 Lakh (net margin 0%) and EBITDA of ₹6.15 Cr (EBITDA margin 3.5%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years.
The company has about 90 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Paramount Wheels. As per MCA filings, the company has open charges of ₹33.5 Cr on record. Court records list 14 cases involving the company, including 2 filed by the company and 12 filed against it; 9 cases are pending. The company has 5 deals on record (3 funding rounds, 2 acquisitions), with disclosed funding of ₹3.99 Cr; the latest was in February 2018. Its 7 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 4 smaller; the largest is Tashya Autocorp Private Limited with revenue of ₹175.07 Cr.
The last known website on record is paramountwheels.in.
Company details
Contact details
Paramount Wheels Private Limited's registered office is in Thane, Maharashtra. Its website is paramountwheels.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBhanji Udyog Nagar Next To Ajit Palace Hotel Penkar Pada Opp Golden Chemical Mira Ro, Ad(E), Thane, Maharashtra, India – 401104
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Paramount Wheels 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
Brands
Paramount Wheels operates one associated brand: Paramount Wheels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers comprehensive automotive vehicle dealership services. | paramountwheels.in |
Business activity
The main business activity of Paramount Wheels 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 Paramount Wheels Private Limited, buy the company report.
Financials of Paramount Wheels Private Limited
FY 2018 filings availableParamount Wheels Private Limited reported revenue of ₹174.31 Cr (up 14% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 20% over three years, including 14% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹174.31 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹6.15 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹6.21 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 3.5% | |||
| Net Profit Margin | 0% | |||
| 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 Paramount Wheels Private Limited, buy the company report.
Board of directors of Paramount Wheels Private Limited
Paramount Wheels 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 |
|---|---|---|---|---|
| Rajeev Jagmohan Arora Also directs: Luxomoda Private Limited, Yellow Drive Technologies Private Limited, Pennyperword Private Limited and 1 more | Director | 01 Mar 2012 | 14 Years 7 Months | As last reported |
| Nandkishor Shravan Dhamane | Additional Director | 03 Apr 2019 | 7 Years 6 Months | As last reported |
Peer comparison
Paramount Wheels Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Tashya Autocorp Private Limited | ₹175.07 Cr (FY 2024) | -8.0% | Hyderabad, Telangana, India | |||
| Akoya Motors Private Limited | ₹175.02 Cr (FY 2024) | -11.0% | Pune, Maharashtra, India | |||
| Lala Kashi Nath Seth Jewellers Private Limited | ₹174.99 Cr (FY 2024) | 20.0% | Uttar Pradesh, India | |||
| Paramount Wheels Private Limitedthis company | ₹174.31 Cr (FY 2018) | ₹6.21 Lakh | 0% | 14.0% | 90 | Thane, Maharashtra, India |
| Lankeswari Motors Private Limited | ₹174.14 Cr (FY 2025) | 5.0% | Kalahandi, Odisha, India | |||
| Khivraj Vahan Private Limited | ₹174.1 Cr (FY 2025) | -14.0% | Chennai, Tamil Nadu, India | |||
| Abhinandan Motors Private Limited | ₹173.59 Cr (FY 2024) | 59.0% | Hyderabad, Telangana, India | |||
| Hisar Motors Private Limited | ₹173.48 Cr (FY 2025) | 9.0% | Hisar, Haryana, India |
To see the full peer comparison of Paramount Wheels Private Limited, buy the company report.
Auditor
Paramount Wheels Private Limited is audited by Y K C & COMPANY for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Y K C & COMPANY | FY 2018 | 136640W |
Shareholding
The shareholding of Paramount Wheels Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Paramount Wheels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Mar 2018 | 100186526 | Others | ₹7 Cr | Open | |
| 25 Mar 2011 | 10369284 | State Bank of India | ₹26.5 Cr | Open |
To see the full charge records of Paramount Wheels Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Paramount Wheels Private Limited has 5 deals on record (3 funding rounds, 2 acquisitions), with disclosed funding of ₹3.99 Cr; the latest was in February 2018.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2018 | Funding round | ₹2 Cr | Investors: an individual |
| Nov 2015 | Acquisition | ₹2.2 Cr | Buyer: an individual |
| Mar 2014 | Funding round | ₹1 Cr | Investors: an individual |
| Mar 2012 | Funding round | ₹99 Lakh | Investors: an individual |
| Mar 2012 | Acquisition | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Paramount Wheels Private Limited has 14 court cases on record: 2 filed by Paramount Wheels, 12 filed against it. 9 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 8 | 7 |
| NCLAT | 3 | 3 | 2 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jaipur Metro II, Rajasthan | Criminal case | Filed against the company by Yes Bank Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against M/S. S K. Wheels Pvt. Ltd and 2 others | Pending |
| District court, North West, Delhi | Civil suit | Filed against the company by M/S Swift Securitas (P) Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Carzonrent India Pvt.Ltd. and 1 other | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Pending |
To see the full case history of Paramount Wheels 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 Paramount Wheels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Paramount Wheels Private Limited has a workforce of 90 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Paramount Wheels has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCP7673Q1ZG | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Paramount Wheels Private Limited, buy the company report.
Recent activity
Paramount Wheels Private Limited has 5 board changes on record since 2011: 2 appointments and 3 cessations. The latest: Nandkishor Shravan Dhamane was appointed as Additional Director on 03 Apr 2019.
Frequently asked questions
Paramount Wheels is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Paramount Wheels is a company under liquidation, formerly operating as a private limited company based in Thane, Maharashtra, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 08 December 2010 and is registered under CIN U50102MH2010PTC210802. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Paramount Wheels has 2 current directors:
- Rajeev Jagmohan Arora - Director
- Nandkishor Shravan Dhamane - Additional Director
The latest financial statements of Paramount Wheels on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Paramount Wheels is U50102MH2010PTC210802. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Paramount Wheels has open charges of ₹33.5 Cr and no satisfied charges on record as per latest MCA filings.
Paramount Wheels has 14 court cases on record: 2 filed by the company and 12 filed against it. 9 are pending. Most are in the district courts.
Paramount Wheels was incorporated on 08 December 2010. It is registered with the Registrar of Companies, Mumbai.
Paramount Wheels has 5 deals on record (3 funding rounds, 2 acquisitions), with disclosed funding of ₹3.99 Cr; the latest was in February 2018.
The peers of Paramount Wheels by revenue are Tashya Autocorp Private Limited, Akoya Motors Private Limited, Lala Kashi Nath Seth Jewellers Private Limited, Lankeswari Motors Private Limited, Khivraj Vahan Private Limited and 2 more, all in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading).
Nandkishor Shravan Dhamane was appointed as Additional Director on 03 Apr 2019. Sanjeev Jagmohan Arora ceased to be Director on 27 Mar 2019. Sakshi Sanjeev Arora ceased to be Director on 05 Mar 2012. Paramount Wheels has 5 board changes on record in total.