Race Time Cycles Private Limited

Race Time Cycles Private Limited - transportation in Ludhiana, Punjab, India. Directors, charges & compliance details.
CIN U35929PB2022PTC055245 Incorporated 14 February 2022 ROC Chandigarh HQ Ludhiana, Punjab, India
Active Private Limited Company transportation MSME · Micro
Data last updated
Revenue · FY 2024
₹2.61 Cr
▲ 168% YoY
Net profit · FY 2024
₹35,530
Net margin 0.1%
EBITDA · FY 2024
₹48,020
EBITDA margin 0.2%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
4 yrs
Est. 2022
Directors on board
2
As per MCA filings
Last financials
Mar 2025
Balance sheet date

About Race Time Cycles Private Limited

Data last updated:

Race Time Cycles Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the bicycle segment of the transportation sector. It was incorporated on 14 February 2022.

The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U35929PB2022PTC055245.

The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kapil Senghani and Hitenkumar Devshi Senghani.

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 St. No. 11 Keshav Nagar S.S Pro Lohara Colony, Ludhiana, Punjab, India – 141016.

As per the financials filed for FY 2024, the company reported a revenue of ₹2.61 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹35,530 (net margin 0.1%) and EBITDA of ₹48,020 (EBITDA margin 0.2%).

Race Time Cycles Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0125804).

Company details

CIN U35929PB2022PTC055245
Registration Number 055245
Incorporation Date 14 February 2022
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Micro
Udyam Registration UDYAM-PB-12-0125804
Key People
Kapil Senghani Director Hitenkumar Devshi Senghani Director

Recognitions & Rankings of Race Time Cycles

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-PB-12-0125804

Contact details

Race Time Cycles Private Limited's registered office is in Ludhiana, Punjab.

  • Registered Address
    St. No. 11 Keshav Nagar S.S Pro Lohara Colony, Ludhiana, Punjab, India – 141016
  • Industry
    Transportation, Bicycle, Manufacturing, Invalid Carriages Manufacturing, Transport Equipment
Comprehensive company report
Race Time Cycles Private Limited - one report that includes everything
  • 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
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Business activity

The main business activity of Race Time Cycles is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC11Motor vehicles, trailers, semi trailers and other Transport Vehicles

To see the full business activity and turnover split of Race Time Cycles Private Limited, buy the company report.

Financials of Race Time Cycles Private Limited

FY 2025 filings available

Race Time Cycles Private Limited reported revenue of ₹2.61 Cr (up 168% YoY) for FY 2024.

Revenue · FY 2024
₹2.61 Cr ▲ 168%
Net profit · FY 2024
₹35,530 margin 0.1%
EBITDA · FY 2024
₹48,020 margin 0.2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 168%
EBITDA CAGR growth
1 year
▲ 118%

Revenue rose 168% in the latest year. EBITDA rose 118% in the latest year. All are worked out from the filed statements.

Financial Statement Summary

MetricsFY 2023-24FY 2022-23FY 2021-22
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₹48,020
Profit Before Tax
Tax Expense
Net Profit (PAT)₹35,530
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

MetricsFY 2023-24FY 2022-23FY 2021-22
Profitability
EBITDA Margin0.2%
Net Profit Margin0.1%
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 Race Time Cycles Private Limited, buy the company report.

Board of directors of Race Time Cycles Private Limited

Race Time Cycles has 2 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Kapil SenghaniDirector14 Feb 20224 Years 8 MonthsCurrent
Hitenkumar Devshi SenghaniDirector14 Feb 20224 Years 8 MonthsCurrent
View all directors

Peer comparison

Race Time Cycles Private Limited is compared with the 4 companies closest to it by revenue in the Automobiles industry (Cycles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Dasan Cycles Private Limited₹3.21 Cr (FY 2025)73.0%Mumbai, Maharashtra, India
Vega Bikes Private Limited₹3.13 Cr (FY 2025)34.0%Ludhiana, Punjab, India
Race Time Cycles Private Limitedthis company₹2.61 Cr (FY 2024)₹35,5300.1%168.0%Ludhiana, Punjab, India
Satyam Cycles Pvt Ltd₹2.27 Cr (FY 2024)-2.0%Punjab, India
Gulhati Cycles Private Limited₹2.04 Cr (FY 2017)-37.0%Ludhiana, Punjab, India

To see the full peer comparison of Race Time Cycles Private Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Race Time Cycles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

No GST registration is on our record for Race Time Cycles Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.

Recent activity

Race Time Cycles Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Hitenkumar Devshi Senghani was appointed as Director on 14 Feb 2022.

AGM
Race Time Cycles Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Race Time Cycles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Appointed
Hitenkumar Devshi Senghani was appointed as Director.
Appointed
Kapil Senghani was appointed as Director.
Incorporation
14 Feb 2022
Race Time Cycles Private Limited was registered on 14 Feb 2022 with Roc Chandigarh & aged 4 years 8 months as per MCA records.

Frequently asked questions

Race Time Cycles is an active private limited company based in Ludhiana, Punjab, India. The company works in bicycle, within the transportation industry. It was incorporated on 14 February 2022 (4+ years old) and is registered under CIN U35929PB2022PTC055245.

Race Time Cycles has 2 current directors:

The latest financial statements of Race Time Cycles on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2022 are in the company report.

The CIN (Corporate Identification Number) of Race Time Cycles is U35929PB2022PTC055245. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Race Time Cycles was incorporated on 14 February 2022, making it 4+ years old. It is registered with the Registrar of Companies, Chandigarh.

The peers of Race Time Cycles by revenue are Dasan Cycles Private Limited, Vega Bikes Private Limited, Satyam Cycles Pvt Ltd, Gulhati Cycles Private Limited, all in the Automobiles industry (Cycles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles).

Hitenkumar Devshi Senghani was appointed as Director on 14 Feb 2022. Kapil Senghani was appointed as Director on 14 Feb 2022.

Yes, Race Time Cycles is registered as a micro enterprise under Udyam registration (number: UDYAM-PB-12-0125804).

The registered office of Race Time Cycles is at St. No. 11 Keshav Nagar S.S Pro Lohara Colony, Ludhiana, Punjab, India – 141016.

Race Time Cycles operates in the transportation industry, in the bicycle segment.

Race Time Cycles can be reached at its registered office: St. No. 11 Keshav Nagar S.S Pro Lohara Colony, Ludhiana, Punjab, India – 141016.