Prima Cycles Pvt Ltd
About Prima Cycles Pvt Ltd
Data last updated:
Prima Cycles Pvt Ltd is a private limited company based in Punjab, India. It operates in the bicycle mfg and retail segment of the automotive sector. It was incorporated on 13 March 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U35921PB1991PTC011174. Its GSTIN is 03AAACP9832E1ZN (Punjab). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹8.15 Lakh. It is led by directors including Harinder Singh Rai (Managing Director) and Surjit Kaur Rai (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 29 49/1G T Road Daba Road Ludhiana, Punjab, India – 141003.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.2 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹12.38 Lakh (net margin 1.2%) and EBITDA of ₹34.92 Lakh (EBITDA margin 3.4%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 12% over five years.
The company has about 15 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹15.94 Cr and satisfied charges of ₹66 Lakh on record. Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address29 49/1G T Road Daba Road Ludhiana, Punjab, India – 141003
- IndustryAutomotive, Bicycle Mfg & Retail
- 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 Prima Cycles Pvt Ltd
The main business activity of Prima Cycles is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | 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 Prima Cycles Pvt Ltd FY 2025 filings available
Prima Cycles Pvt Ltd reported revenue of ₹10.2 Cr (down 10% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Prima Cycles Pvt Ltd
Revenue fell 10% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA rose 5% 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 Prima Cycles Pvt Ltd
| 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 | ₹34.92 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹12.38 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 of Prima Cycles Pvt Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.2% | •••• | •••• | •••• | •••• |
| 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 Prima Cycles are in the company report.
Financial statements from 2015
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 Prima Cycles Pvt Ltd
Prima Cycles Pvt Ltd is compared with the companies closest to it by revenue in the Automobiles industry (Cycles). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Lci Cycles Private Limited | •••• | •••• | •••• | •••• | 12 | West Bengal, India |
| Master Lucky Bikes Private Limited | •••• | •••• | •••• | •••• | - | Ludhiana, Punjab, India |
| Duro Forge Pvt Ltd | •••• | •••• | •••• | •••• | - | Punjab, India |
| Aditya Cycles Pvt Ltd | •••• | •••• | •••• | •••• | - | Punjab, India |
| Asian Greentech Private Limited | •••• | •••• | •••• | •••• | - | Ludhiana, Punjab, India |
| Prima Cycles Pvt Ltd this company | •••• | •••• | •••• | •••• | - | Punjab, India |
| Raj Cycles India Pvt Ltd | •••• | •••• | •••• | •••• | - | Punjab, India |
| Cute Cycles Pvt Ltd | •••• | •••• | •••• | •••• | 50 | Punjab, India |
| Diamond Cycle Pvt Ltd | •••• | •••• | •••• | •••• | - | Hansi, Haryana, India |
| Searose Exim Private Limited | •••• | •••• | •••• | •••• | - | Ludhiana, Punjab, India |
| Dalmia Cycles Private Limited | •••• | •••• | •••• | •••• | - | Ludhiana, Punjab, India |
Peers are the five companies nearest above and the five nearest below Prima Cycles by revenue in the Automobiles industry (Cycles), 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 Prima Cycles Pvt Ltd
Prima Cycles Pvt Ltd is audited by 687 PREM NAGAR for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| 687 PREM NAGAR | 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 Prima Cycles Pvt Ltd
Prima Cycles has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manminder Kaur | Director | 03 Mar 2016 | 10 Years 7 Months | Current |
| Harmanjit Singh | Director | 03 Feb 2003 | 23 Years 8 Months | Current |
| Surjit Kaur Rai | Whole-Time Director | 30 Sep 2006 | 20 Years 0 Months | Current |
| Harinder Singh Rai | Managing Director | 13 Mar 1991 | 35 Years 6 Months | Current |
| Kirat Kaur Rai | Director | 01 Aug 2025 | 1 Years 2 Months | Current |
Ownership and Shareholding of Prima Cycles Pvt Ltd
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 Prima Cycles Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Aug 2024 | Sidbi | ₹21.17 Lakh | Open |
| 29 Jan 2019 | Hdfc Bank Limited | ₹1.25 Cr | Open |
| 29 Jan 2019 | Hdfc Bank Limited | ₹5.25 Cr | Open |
| 10 Jan 2014 | Hdfc Bank Limited | ₹9.23 Cr | Open |
| 16 Aug 2001 | State Bank of India | ₹60 Lakh | Satisfied |
Total charge records: 6 View all charges
Legal Cases of Prima Cycles Pvt Ltd
Prima Cycles Pvt Ltd has 2 court cases on record: 2 filed by Prima Cycles. All cases are disposed. Status as checked between 02 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against an individual | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against an individual | Disposed |
Full case history
All 2 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 Prima Cycles Pvt Ltd
Prima Cycles Pvt Ltd has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 19 overdue payments to 19 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 19)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Goodwill Chemicals Pvt Ltd | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Bhavya Industries | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 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.
Employees and EPFO Compliance at Prima Cycles Pvt Ltd
Prima Cycles Pvt Ltd has a workforce of 15 employees as of Apr 06, 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.
Recent Activity on Prima Cycles Pvt Ltd
Prima Cycles Pvt Ltd has 7 board changes on record since 1991: 5 appointments and 2 cessations. The latest: Kirat Kaur Rai ceased to be Additional Director on 29 Sep 2025.
10 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Prima Cycles Pvt Ltd
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 Prima Cycles Pvt Ltd
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 Prima Cycles Pvt Ltd
Prima Cycles has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACP9832E1ZN | Punjab | Active | 01 Jul 2017 |
| 03AAACP9832E1DW | Punjab | Active | 07 Mar 2025 |
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 Prima Cycles Pvt Ltd
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 Prima Cycles Pvt Ltd
Prima Cycles is an active private limited company based in Punjab, India. The company works in bicycle mfg and retail, within the automotive industry. It was incorporated on 13 March 1991 (35+ years old) and is registered under CIN U35921PB1991PTC011174.
Prima Cycles reported revenue of ₹10.2 Cr for FY 2024 (down 10% YoY).
Prima Cycles has 5 current directors:
- Harinder Singh Rai - Managing Director
- Surjit Kaur Rai - Whole-Time Director
- Manminder Kaur - Director
- Harmanjit Singh - Director
- Kirat Kaur Rai - Director
Prima Cycles reported a net profit of ₹12.38 Lakh (net margin 1.2%) and EBITDA of ₹34.92 Lakh (EBITDA margin 3.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Prima Cycles is 4% over three years and 12% over five years. In the latest year (FY 2024) revenue fell 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Prima Cycles is 03AAACP9832E1ZN, registered in Punjab. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 03AAACP9832E1DW (Punjab).
The CIN (Corporate Identification Number) of Prima Cycles is U35921PB1991PTC011174. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prima Cycles has 2 court cases on record: 2 filed by the company.
Prima Cycles was incorporated on 13 March 1991, making it 35+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Prima Cycles by revenue are Lci Cycles Private Limited, Master Lucky Bikes Private Limited, Duro Forge Pvt Ltd, Aditya Cycles Pvt Ltd, Asian Greentech Private Limited and 5 more, all in the Automobiles industry (Cycles).
Kirat Kaur Rai ceased to be Additional Director on 29 Sep 2025. Manminder Kaur ceased to be Additional Director on 29 Sep 2025. Kirat Kaur Rai was appointed as Director on 01 Aug 2025. Prima Cycles has 7 board changes on record in total.
Prima Cycles has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 19 overdue payments to 19 micro and small suppliers. The latest return was filed on 30 May 2019.