Piaggio Vehicles Private Limited - Company Profile

It is a automotive private limited company based in Pune, Maharashtra, India, established in 1998.

1998 Pune, Maharashtra, India Active

Last Updated: December 23, 2025

About Piaggio Vehicles Private Limited

Piaggio Vehicles Private Limited, a active private limited company, was established on 17 February 1998 in Pune, Maharashtra, India. Engaging in motorcycles & scooters within the manufacturing sector, it holds CIN: U34102MH1998PTC113606. Registered under ROC Roc Pune. it is unlisted. It has an authorized capital of ₹40.00 Cr and a paid-up capital of ₹34.00 Cr.

Formerly known as Piaggio Greaves Vehicles Private Limited, Piaggio Greaves Vehicles Limited. It upholds a compliant status. Employing 1,483 professional, Its leadership includes Fabio Grimaldi (Director), Mauro Prignoli (Director), Stefano Mascagni (Whole-Time Director). Past directors included Michele Pallottini, Daniele Bandiera, Michele Colaninno. It holds ₹5.00 Cr open charges and ₹251.80 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at E 2 Midc Industrial Areabaramati, Pune, Maharashtra, 413133.

Company Details

CIN/LLPIN
U34102MH1998PTC113606
Registration Number
113606
Incorporation Date
17 February 1998
Authorized Capital
₹40.00 Cr
Paid-Up Capital
₹34.00 Cr
ROC Code
Roc Pune
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 40.00 Cr as on 23-12-2025
Paid Up Capital ₹ 34.00 Cr as on 23-12-2025
Company Age 28 Year, 27 Days
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 5.00 Cr as on 23-12-2025
Satisfied Charges ₹ 251.80 Cr as on 23-12-2025
Revenue Growth **** 11.16% (FY 2024)
Profit Growth **** 669.43% (FY 2024)
Ebitda **** 167.93% (FY 2024)
Net Worth 6.69% (FY 2024)
Total Assets **** 17.75% (FY 2024)

Comprehensive Company Insights

Explore comprehensive insights into Piaggio Vehicles Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Piaggio Vehicles Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Fabio Grimaldi	Director	26 Apr 2021	Current
Mauro Prignoli	Director	27 Apr 2015	Current
Stefano Mascagni	Whole-Time Director	16 Dec 2021	Current
Diego Graffi	Managing Director	09 Jun 2017	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	19 Sep 2011	Past
Pramod Abcsdd	Director	05 Nov 2009	Past
Pramod Abcsdd	Director	20 Sep 2014	Past
Pramod Abcsdd	Additional Director	30 Sep 2021	Past
Pramod Abcsdd	Additional Director	30 Sep 2015	Past
Pramod Abcsdd	Company Secretary	03 Sep 2018	Past

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Financial Performance of Piaggio Vehicles.

Piaggio Vehicles Private Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 11.16% increase. The company also saw a substantial improvement in profitability, with a 669.43% increase in profit. The company's net worth moved up by a moderate rise of 6.69%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

11.16%

*******

Revenue from Operations

*******

11.10%

*******

Total Assets

*******

17.75%

*******

Profit or Loss

*******

669.43%

*******

Net Worth

*******

6.69%

*******

EBITDA

*******

167.93%

*******

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What is the Ownership and Shareholding Structure of Piaggio Vehicles?

In 2023, Piaggio Vehicles had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹50,000,000.00

Satisfied Charges

₹2,518,000,000.00

Charges Breakdown by Lending Institutions

Others : 5.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
30 Jun 2022	Others	₹5.00 Cr	Open
06 May 2014	Icici Bank Limited	₹65.00 Cr	Satisfied
07 Oct 1998	Credit Agricole And Corporate & Investment Bank	₹50.00 Cr	Satisfied
07 Sep 1998	State Bank Of India	₹28.80 Cr	Satisfied
23 Jul 1998	State Bank Of India	₹95.00 Cr	Satisfied

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How Many Employees Work at Piaggio Vehicles?

Piaggio Vehicles has a workforce of 1483 employees as of Mar 30, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Piaggio Vehicles, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Piaggio Vehicles's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Piaggio Vehicles

Recent Activity within the Organization

Annual General Meeting

Progress on Piaggio Vehicles Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was documented.
30 Sep 2024
Balance Sheet

Progress on Piaggio Vehicles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune. was documented.
31 Mar 2024
Director Appointment

Shailesh Suresh Shinde was appointed as a Company Secretary was appointed as a Company Secretary on 11 Jan 2023 & has been associated with this company since 3 years 2 months . was recorded as a recent event.
11 Jan 2023
Charges

The activity A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100592967 was registered on 30 Jun 2022. was completed.
30 Jun 2022
Charges

A charge registered on 06 May 2014 via Charge ID 10490814 with Icici Bank Limited was fully satisfied on 22 Mar 2022. was recorded as a recent event.
22 Mar 2022
Director Appointment

Stefano Mascagni was appointed as a Whole-time director was appointed as a Whole-time director on 16 Dec 2021 & has been associated with this company since 4 years 3 months . was recorded as a recent event.
16 Dec 2021

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