About Pmi Electro Mobility Solutions Private Limited
Data last updated:
Pmi Electro Mobility Solutions Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Pmi Coaches Private Limited. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 28 June 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45100DL2017PTC319899. Its GSTIN is 07AAECJ0153A1Z9 (Delhi). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹251 Cr and a paid-up capital of ₹234.73 Cr. It was formerly known as Pmi City Energy Vehicles Private Limited. It is led by directors including Satish Kumar Jain (Managing Director) and Anurag Agarwal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bb – 11 – E P Railway Colony G.K.Enclave – II G.K. Enclave, New Delhi, Delhi, India – 110048.
As per the financials filed for FY 2024, the company reported a revenue of ₹436.96 Cr, a decline of 20% compared to the previous year. For the same year it recorded a net profit of ₹20.32 Cr (net margin 4.7%) and EBITDA of ₹86.82 Cr (EBITDA margin 19.9%). Revenue has grown at a compounded annual rate (CAGR) of 115% over three years and 83% over five years.
The company has about 373 employees on its provident fund (EPFO) records. Its group structure includes 9 subsidiaries.
The company is associated with 2 brands: Foton PMI and PMI Electro Mobility. As per MCA filings, the company has open charges of ₹3,838.35 Cr and satisfied charges of ₹875.42 Cr on record. Court records list 15 cases involving the company, including 5 filed by the company and 10 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pmielectro.com.
Company details
Name history
Pmi Electro Mobility Solutions has undergone 6 name changes throughout its history. The current legal name is Pmi Electro Mobility Solutions Private Limited.
| Company Name | Status |
|---|---|
| Pmi Electro Mobility Solutions Private Limited | Current |
| Pmi City Energy Vehicles Private Limited | Previous |
| Pmi Energy Vehicles Private Limited | Previous |
| Pmi Electric Vehicles Private Limited | Previous |
| Pmi Urban Electrical Motors Private Limited | Previous |
| Jass Electro Mobility Solutions Private Limited | Previous |
CIN history
Pmi Electro Mobility Solutions has one previous CIN (Corporate Identification Number): U74999DL2017PTC319899. The current CIN is U45100DL2017PTC319899, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45100DL2017PTC319899 | Current |
| U74999DL2017PTC319899 | Previous |
Contact details
Pmi Electro Mobility Solutions Private Limited's registered office is in New Delhi, Delhi. Its website is pmielectro.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBb – 11 – E P Railway Colony G.K.Enclave – II G.K. Enclave, New Delhi, Delhi, India – 110048
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
To see the full contact details of Pmi Electro Mobility Solutions 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
Pmi Electro Mobility Solutions operates two associated brands: Foton PMI and PMI Electro Mobility. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality electric buses for commercial use. | fotonpmi.com | |
| Electric mobility solutions are delivered via an eBus platform. | pmielectro.com |
Business activity
The main business activity of Pmi Electro Mobility Solutions is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles |
To see the full business activity and turnover split of Pmi Electro Mobility Solutions Private Limited, buy the company report.
Financials of Pmi Electro Mobility Solutions Private Limited
FY 2024 filings availablePmi Electro Mobility Solutions Private Limited reported revenue of ₹436.96 Cr (down 20% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 20% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 83%. EBITDA rose 73% 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 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 | ₹86.82 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹20.32 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.9% | ||||
| Net Profit Margin | 4.7% | ||||
| 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 Pmi Electro Mobility Solutions Private Limited, buy the company report.
Board of directors of Pmi Electro Mobility Solutions Private Limited
Pmi Electro Mobility Solutions has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anurag Agarwal | Whole-Time Director | 28 Jun 2017 | 9 Years 3 Months | Current |
| Renu Yadav Also directs: Elecgreen Transit Solutions Private Limited, Progressive Odisha Private Limited, Ariyah Electric Vehicles LLP and 3 more | Director | 01 Oct 2024 | 2 Years 0 Months | Current |
| Aanchal Jain | Whole-Time Director | 05 Apr 2023 | 3 Years 6 Months | Current |
| Satish Kumar Jain | Managing Director | 28 Jun 2017 | 9 Years 3 Months | Current |
Peer comparison
Pmi Electro Mobility Solutions Private Limited is compared with the 5 companies closest to it by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hero Electric Vehicles Private Limited | ₹993.51 Cr (FY 2023) | 17.0% | New Delhi, Delhi, India | |||
| Switch Mobility Automotive Limited | ₹929.34 Cr (FY 2025) | 117.0% | Chennai, Tamil Nadu, India | |||
| Greaves Electric Mobility Limited | ₹674.82 Cr (FY 2025) | 5.0% | Ranipet, Tamil Nadu, India | |||
| Pmi Electro Mobility Solutions Private Limitedthis company | ₹436.96 Cr (FY 2024) | ₹20.32 Cr | 4.7% | -20.0% | 373 | New Delhi, Delhi, India |
| Dilli Electric Auto Private Limited | ₹374.37 Cr (FY 2024) | 41.0% | Sonipat, Haryana, India | |||
| Maa Luxmi E-Vehicles Private Limited | ₹309.08 Cr (FY 2025) | 75.0% | Sirsa, Haryana, India |
To see the full peer comparison of Pmi Electro Mobility Solutions Private Limited, buy the company report.
Auditor
Pmi Electro Mobility Solutions Private Limited is audited by SERVA ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SERVA ASSOCIATES | FY 2023 | 000272N |
Shareholding
The shareholding of Pmi Electro Mobility Solutions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Pmi Electro Mobility Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2025 | 101167852 | Others | ₹100 Cr | Open | |
| 09 Sep 2025 | 101153964 | Others | ₹174.75 Cr | Open | |
| 28 Aug 2025 | 101146224 | Others | ₹50 Cr | Open | |
| 30 Jun 2025 | 101128600 | Others | ₹7 Cr | Open | |
| 30 May 2025 | 101101918 | Axis Bank Limited | ₹60 Cr | Open |
To see the full charge records of Pmi Electro Mobility Solutions Private Limited, buy the company report.
Total charge records: 49 View all charges
Legal cases
Pmi Electro Mobility Solutions Private Limited has 15 court cases on record: 5 filed by Pmi Electro Mobility Solutions, 10 filed against it. 2 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 9 | 2 |
| High courts | 5 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad CCC, Telangana | Court case (COS) | Filed against the company by M/S. Cadfem India Private Limited | Pending |
| High Court of Delhi | Writ petition | Filed by the company against Convergence Energy Services Limited & Anr. | Disposed |
| NCLT, New Delhi Bench Court-II | Insolvency matter | Filed against the company by Air India Sats Airport Services Privatelimited | Disposed |
| District court, Central, Delhi | Cheque dishonour complaint | Filed against the company by Shyama Shyam VSK Bus Operations Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Keynote Financial Services Ltd. Th Rajguru B. Undage | Disposed |
To see the full case history of Pmi Electro Mobility Solutions 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 Pmi Electro Mobility Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Pmi Electro Mobility Solutions has 9 subsidiary companies and 6 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Foton Pmi Electro Bus India Private Limited | U34300DL2020PTC371811 | |
| Urban Paribahan City Bus Services Private Limited | U60200WB2020PTC236744 | |
| Jagannathji City Bus Services Private Limited | U60210DL2020PTC360145 | |
| Narayanana City Bus Operations Private Limited | U60220DL2020PTC405384 | |
| Vyagrah City Bus Operations Private Limited | U60220DL2022PTC394965 | |
| Vishvam City Bus Operations Private Limited | U60220DL2022PTC398012 |
To see the full group structure of Pmi Electro Mobility Solutions Private Limited, buy the company report.
Employees & EPFO
Pmi Electro Mobility Solutions Private Limited has a workforce of 373 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Pmi Electro Mobility Solutions has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAECJ0153A1Z9 | Delhi | Active | 10 Nov 2021 |
| 06AAECJ0153A1ZB | Haryana | Active | 09 Aug 2017 |
| 09AAECJ0153A1Z5 | Uttar Pradesh | Active | 16 Mar 2022 |
| 38AAECJ0153A1Z4 | Ladakh | Active | 21 Jun 2023 |
To see the full GST registrations and return filing status of Pmi Electro Mobility Solutions Private Limited, buy the company report.
Recent activity
Pmi Electro Mobility Solutions Private Limited has 12 board changes on record since 2017: 4 appointments and 8 cessations. The latest: Hemanth Kundavaram ceased to be CFO on 13 Mar 2025.
76 earlier events are in the company report.
News
Frequently asked questions
Pmi Electro Mobility Solutions is an active private limited company based in New Delhi, Delhi, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 28 June 2017 (9+ years old) and is registered under CIN U45100DL2017PTC319899.
Pmi Electro Mobility Solutions has 4 current directors:
- Satish Kumar Jain - Managing Director
- Anurag Agarwal - Whole-Time Director
- Aanchal Jain - Whole-Time Director
- Renu Yadav - Director
The latest financial statements of Pmi Electro Mobility Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 December 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Pmi Electro Mobility Solutions is 07AAECJ0153A1Z9, registered in Delhi. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 06AAECJ0153A1ZB (Haryana), 09AAECJ0153A1Z5 (Uttar Pradesh), 38AAECJ0153A1Z4 (Ladakh).
The CIN (Corporate Identification Number) of Pmi Electro Mobility Solutions is U45100DL2017PTC319899. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pmi Electro Mobility Solutions has 15 court cases on record: 5 filed by the company and 10 filed against it. 2 are pending. Most are in the district courts.
Pmi Electro Mobility Solutions was incorporated on 28 June 2017, making it 9+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Pmi Electro Mobility Solutions by revenue are Hero Electric Vehicles Private Limited, Switch Mobility Automotive Limited, Greaves Electric Mobility Limited, Dilli Electric Auto Private Limited, Maa Luxmi E-Vehicles Private Limited, all in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles).
Hemanth Kundavaram ceased to be CFO on 13 Mar 2025. Renu Yadav was appointed as Director on 01 Oct 2024. Aanchal Jain ceased to be Additional Director on 25 Dec 2023. Pmi Electro Mobility Solutions has 12 board changes on record in total.
Pmi Electro Mobility Solutions can be reached through the website pmielectro.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Pmi Electro Mobility Solutions is at Bb – 11 – E P Railway Colony G.K.Enclave – II G.K. Enclave, New Delhi, Delhi, India – 110048.