About Piaggio Vehicles Private Limited
Data last updated: 23 December 2025
Piaggio Vehicles Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Piaggio & C. Spa. It specialises in motorcycles and scooters, a part of the broader automotive sector. Incorporated on 17 February 1998, the company has been in operation for over 28 years.
Registered with ROC Pune under CIN U34102MH1998PTC113606.
Capital: an authorised share capital of ₹40 Cr and a paid-up capital of ₹34 Cr. Formerly known as Piaggio Greaves Vehicles Private Limited and Piaggio Greaves Vehicles Limited. It is led by directors including Fabio Grimaldi and Mauro Prignoli.
Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: E 2 Midc Industrial Areabaramati, Pune, Maharashtra, India – 413133.
As per the financials filed for FY 2024, the company reported a revenue of ₹3,584.16 Cr, a growth of 11% compared to the previous year.
The company has a workforce of approximately 1,483 employees as per the latest available data. It operates as a subsidiary of Piaggio & C. Spa.
The company is associated with 1 brand - Piaggio Apé. As per MCA filings, the company has open charges of ₹5 Cr and satisfied charges of ₹251.8 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website piaggio-cv.co.in.
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Registered AddressE 2 Midc Industrial Areabaramati, Pune, Maharashtra, India – 413133
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IndustryAutomotive, Motorcycles & Scooters
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Piaggio Vehicles Private Limited
Piaggio Vehicles Private Limited has undergone 2 name changes throughout its history. The company was previously known as Piaggio Greaves Vehicles Private Limited, and Piaggio Greaves Vehicles Limited. The current legal name is Piaggio Vehicles Private Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Piaggio Vehicles Private Limited | Current |
| Piaggio Greaves Vehicles Private Limited | Previous |
| Piaggio Greaves Vehicles Limited | Previous |
Associated Brands with Piaggio Vehicles Private Limited
Piaggio Vehicles Private Limited operates one associated brand: Piaggio Apé. These brands represent Piaggio Vehicles Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Motor and three-wheeler vehicles are manufactured and marketed. | piaggio-cv.co.in |
Competitors & Alternatives of Piaggio Vehicles Private Limited
Brands and companies operating in the same space as Piaggio Vehicles Private Limited include Mahindra Last Mile Mobility, Ashok Leyland, SML Isuzu and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Mahindra Last Mile Mobility
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Manufacturer of petrol, CNG, diesel and electric last mile mobility 3 & 4 wheelers, passenger, and cargo vehicles | Mumbai, India, India | 1994 |
Ashok Leyland
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Commercial buses and trucks are manufactured by Ashok Leyland. | Chennai, India, India | 1948 |
SML Isuzu
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Commercial vehicles including buses, trucks, and ambulances are manufactured. | Chandigarh, India, India | 1983 |
Altigreen
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Electric mobility solutions are offered via indigenous three-wheelers. | Bengaluru, India, India | 2013 |
ETO Motors
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Online platform offering electric vehicles and fleet management solutions | Hyderabad, India, India | 2018 |
Montra Electric
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Electric three-wheelers are manufactured by Montra Electric in India. | Chennai, India, India | 2020 |
3evi
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Three-wheel electric vehicles are manufactured along with hyper-local connectivity services. | Bengaluru, India, India | 2019 |
MLR Auto
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Manufacturer of electric three-wheelers | Hyderabad, India, India | 2009 |
TI Clean Mobility
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Electric three-wheelers are designed, manufactured, and marketed for passenger transport. | Chennai, India, India | 2022 |
Business Activity of Piaggio Vehicles Private Limited
Piaggio Vehicles Private Limited is engaged in the principal business activity of manufacturing, with detailed activities including 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 for Piaggio Vehicles Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Auditor Details of Piaggio Vehicles Private Limited
Piaggio Vehicles Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2024. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Deloitte Haskins & Sells LLP | Locked | Locked | Locked |
Complete auditor history for Piaggio Vehicles Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors of Piaggio Vehicles Private Limited
Piaggio Vehicles Private Limited is currently managed by 4 directors, with 17 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Fabio Grimaldi | Director | 26 Apr 2021 | 5 Years 2 Months | Current |
| Mauro Prignoli | Director | 27 Apr 2015 | 11 Years 2 Months | Current |
| Stefano Mascagni | Whole-Time Director | 16 Dec 2021 | 4 Years 7 Months | Current |
| Diego Graffi | Managing Director | 09 Jun 2017 | 9 Years 1 Months | Current |
Financials of Piaggio Vehicles Private Limited FY 2024 filings available
Piaggio Vehicles Private Limited reported revenue of ₹3,584.16 Cr (up 11.00% YoY) for FY 2024.
Ten-year financial statements for Piaggio Vehicles Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
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Ownership and Shareholding of Piaggio Vehicles Private Limited
Shareholding and ownership data for Piaggio Vehicles Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Piaggio Vehicles Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jun 2022 | Others | ₹5 Cr | Open |
| 06 May 2014 | Icici Bank Limited | ₹65 Cr | Satisfied |
| 07 Oct 1998 | Credit Agricole and Corporate & Investment Bank | ₹50 Cr | Satisfied |
| 07 Sep 1998 | State Bank of India | ₹28.8 Cr | Satisfied |
| 23 Jul 1998 | State Bank of India | ₹95 Cr | Satisfied |
Total charge records: 6 View all charges
Employees and EPFO Compliance at Piaggio Vehicles Private Limited
Piaggio Vehicles Private Limited has a workforce of 1,483 employees as of Mar 30, 2024.
Employee and EPFO history for Piaggio Vehicles Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Piaggio Vehicles Private Limited
GST registrations and filing compliance for Piaggio Vehicles Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Piaggio Vehicles Private Limited
Credit ratings, litigation, and regulatory alerts for Piaggio Vehicles Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Piaggio Vehicles Private Limited
MSME payment history for Piaggio Vehicles Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Piaggio Vehicles Private Limited
Corporate group structure for Piaggio Vehicles Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Piaggio Vehicles Private Limited
MCA filings and documents for Piaggio Vehicles Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Piaggio Vehicles Private Limited
Recent News on Piaggio Vehicles Private Limited
Frequently Asked Questions about Piaggio Vehicles Private Limited
Piaggio Vehicles Private Limited is an active private limited company in the automotive sector based in Pune, Maharashtra, India. It was incorporated on 17 February 1998 (28+ years old) and is registered under CIN U34102MH1998PTC113606. The company has 1,483 employees.
Piaggio Vehicles Private Limited reported revenue of ₹3,584.16 Cr for FY 2024 (up 11.00% YoY).
The current directors of Piaggio Vehicles Private Limited are:
- Fabio Grimaldi - Director
- Mauro Prignoli - Director
- Stefano Mascagni - Whole-Time Director
- Diego Graffi - Managing Director
The primary industry of Piaggio Vehicles Private Limited is automotive. The company specifically operates in motorcycles and scooters. The company is currently active in this sector.
Piaggio Vehicles Private Limited can be reached at the registered office: E 2 Midc Industrial Areabaramati, Pune, Maharashtra, India – 413133, or through the website piaggio-cv.co.in.
The authorised capital is ₹40 Cr, and the paid-up capital is ₹34 Cr.