MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-17-0019066
Raft Motors Limited - automotive in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹102.12 Cr
▲ 5203% YoY
Net profit · FY 2025
₹16.2 Cr
Net margin 15.9%
EBITDA · FY 2025
₹22.03 Cr
EBITDA margin 21.6%
Authorised capital
₹24 Cr
Registered with MCA
Paid-up capital
₹15.06 Cr
Issued & subscribed
Open charges
₹20.4 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Employees · EPFO
7
Provident fund records
About Raft Motors Limited
Data last updated:
Raft Motors Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 16 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U52100MH2019PLC331701. Its GSTIN is 27AAJCR8596E1ZR (Maharashtra). The company holds 7 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹24 Cr and a paid-up capital of ₹15.06 Cr. It is led by directors including Kushal Choudhury (Whole-Time Director) and Amit Singhania.
Its last annual general meeting (AGM) was held on 10 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹102.12 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹16.2 Cr (net margin 15.9%) and EBITDA of ₹22.03 Cr (EBITDA margin 21.6%). Revenue has grown at a compounded annual rate (CAGR) of 106% over three years.
The company has about 7 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Raft Motors. As per MCA filings, the company has open charges of ₹20.4 Cr on record. Court records list 8 cases involving the company, including 4 filed by the company and 4 filed against it; 7 cases are pending.
Raft Motors Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-17-0019066). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website raftmotors.com.
Company details
CIN U52100MH2019PLC331701
Registration Number 331701
Incorporation Date 16 October 2019
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 10 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-17-0019066
CIN history
Raft Motors has one previous CIN (Corporate Identification Number): U52100MH2019PTC331701. The current CIN is U52100MH2019PLC331701, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U52100MH2019PLC331701 | Current |
| U52100MH2019PTC331701 | Previous |
Key People
Kushal Choudhury Whole-Time Director Biswashree Pati Company Secretary Amit Singhania Director Recognitions & Rankings of Raft Motors
Contact details
Raft Motors Limited's registered office is in Mumbai, Maharashtra. Its website is raftmotors.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressB/607 6th Floor, Kanakia Wall Street Andheri Kurla Road Chakala Andheri (East), Mumbai, Maharashtra, India – 400093
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
To see the full contact details of Raft Motors Limited, buy the company report.
Comprehensive company report
Raft Motors 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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Brands
Raft Motors operates one associated brand: Raft Motors. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Creates innovative technologies for electric scooters and efficient charging solutions. | raftmotors.com |
Business activity
The main business activity of Raft Motors 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 Raft Motors Limited, buy the company report.
Financials of Raft Motors Limited
FY 2025 filings availableRaft Motors Limited reported revenue of ₹102.12 Cr (up 5203% YoY) for FY 2025.
Revenue · FY 2025
₹102.12 Cr ▲ 5203%
Net profit · FY 2025
₹16.2 Cr margin 15.9%
EBITDA · FY 2025
₹22.03 Cr margin 21.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 106%
EBITDA CAGR growth
3 years · compounded
▲ 217%
Revenue has grown at a compounded annual rate (CAGR) of 106% over three years. 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹102.12 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹22.03 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹16.2 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.6% | ||||
| Net Profit Margin | 15.9% | ||||
| 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 Raft Motors Limited, buy the company report.
Board of directors and KMP of Raft Motors Limited
Raft Motors Limited currently reports 5 directors and 1 key managerial person. 10 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Biswashree Pati | Company Secretary | 05 Dec 2024 | 1 Years 10 Months | Current |
| Amit Singhania Also directs: Cosmic Energy & Motors Limited, Shashank Traders Limited, Sylvan Plyboard (India) Limited and 1 more | Director | 28 Nov 2024 | 1 Years 11 Months | Current |
| Nikita Rateria Also directs: Pansari Developers Limited | Director | 28 Nov 2024 | 1 Years 11 Months | Current |
| Kushal Choudhury | Whole-Time Director | 21 Nov 2024 | 1 Years 11 Months | Current |
| Aditya Vikram Birla Also directs: A & J Main & Co (Engineers) LLP, Cosmic CRF Limited, Cosmic Energy & Motors Limited and 5 more | Director | 21 Nov 2024 | 1 Years 11 Months | Current |
| Gayatri Birla Agrawal Also directs: N. S. Engineering Projects Private Limited | Director | 21 Nov 2024 | 1 Years 11 Months | Current |
Peer comparison
Raft Motors Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Hop Electric Manufacturing Private Limited | ₹104.13 Cr (FY 2025) | -37.0% | Jaipur, Rajasthan, India | |||
| River Mobility Private Limited | ₹103.77 Cr (FY 2025) | 1795.0% | Bangalore, Karnataka, India | |||
| Battreelectric Mobility Private Limited | ₹102.85 Cr (FY 2024) | 17.0% | Jaipur, Rajasthan, India | |||
| GK Rickshaw Limited | ₹102.14 Cr (FY 2024) | 2.0% | Baidyabati, West Bengal, India | |||
| Raft Motors Limitedthis company | ₹102.12 Cr (FY 2025) | ₹16.2 Cr | 15.9% | 5203.0% | 7 | Mumbai, Maharashtra, India |
To see the full peer comparison of Raft Motors Limited, buy the company report.
Auditor
Raft Motors Limited is audited by BAID AGARWAL SINGHI & CO. for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BAID AGARWAL SINGHI & CO. | FY 2025 | 328671E |
Shareholding
The shareholding of Raft Motors Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Raft Motors Limited, buy the company report.
Charges & borrowings
Open charges
₹20.4 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jan 2025 | 101029690 | State Bank of India | ₹20.4 Cr | Open |
To see the full charge records of Raft Motors Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Raft Motors Limited has 8 court cases on record: 4 filed by Raft Motors, 4 filed against it. 7 cases are pending and 1 is disposed.
Total cases
8
Filed by the company
4
Filed against the company
4
Pending
7
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 4 | 7 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Shukla and Salve Services Private Limited and 2 others | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Aditya Birla Finance Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
To see the full case history of Raft Motors 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 Raft Motors Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Raft Motors Limited has a workforce of 7 employees on its EPFO records as of Oct 09, 2025, across 1 active EPFO establishment.
Employee count
7
Active EPFO establishments
1
Employee growth
-70.83%
GST
Raft Motors has 7 GST registrations: 4 active and 3 cancelled or inactive.
Total GSTINs
7
Active
4
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCR8596E1ZR | Maharashtra | Active | 12 Nov 2020 |
| 21AAJCR8596E1Z3 | Odisha | Active | 21 Oct 2021 |
| 23AAJCR8596E1ZZ | Madhya Pradesh | Active | 16 Oct 2023 |
| 19AAJCR8596E1ZO | West Bengal | Active | 20 May 2024 |
To see the full GST registrations and return filing status of Raft Motors Limited, buy the company report.
Recent activity
Raft Motors Limited has 16 board changes on record since 2022: 6 appointments and 10 cessations. The latest: Biswashree Pati was appointed as Company Secretary on 05 Dec 2024.
Charges
A charge with State Bank Of India of Rs. 20.40 Cr registered on 08 Jan 2025 with Charge ID 101029690 was modified on 25 Sep 2025.
AGM
Raft Motors Limited last Annual general meeting of members was held on 10 Sep 2025 as per latest MCA records.
Filing
Raft Motors Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with State Bank Of India amounted to Rs. 20.40 Cr with Charge ID 101029690 was registered on 08 Jan 2025.
Appointed
Biswashree Pati was appointed as Company Secretary.
Appointed
Amit Singhania was appointed as Director.
Appointed
Nikita Rateria was appointed as Director.
Ceased
Gayatri Birla Agrawal ceased to be Additional Director.
Ceased
Kushal Choudhury ceased to be Additional Director.
Ceased
Rohit Kumar Tibrewal ceased to be Additional Director.
Appointed
Aditya Vikram Birla was appointed as Director.
Appointed
Gayatri Birla Agrawal was appointed as Director.
9 earlier events are in the company report.
Frequently asked questions
Raft Motors is an active public limited company based in Mumbai, Maharashtra, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 16 October 2019 (7+ years old) and is registered under CIN U52100MH2019PLC331701.
Raft Motors has 6 current directors and KMP:
- Kushal Choudhury - Whole-Time Director
- Amit Singhania - Director
- Nikita Rateria - Director
- Aditya Vikram Birla - Director
- Gayatri Birla Agrawal - Director
- Biswashree Pati - Company Secretary
The latest financial statements of Raft Motors on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Raft Motors is 27AAJCR8596E1ZR, registered in Maharashtra. The company has 7 GST registrations in all, of which 4 are active and 3 are cancelled or inactive. Other active GSTINs include 21AAJCR8596E1Z3 (Odisha), 23AAJCR8596E1ZZ (Madhya Pradesh), 19AAJCR8596E1ZO (West Bengal).
The CIN (Corporate Identification Number) of Raft Motors is U52100MH2019PLC331701. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raft Motors has 8 court cases on record: 4 filed by the company and 4 filed against it. 7 are pending.
Raft Motors was incorporated on 16 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Raft Motors by revenue are Hop Electric Manufacturing Private Limited, River Mobility Private Limited, Battreelectric Mobility Private Limited, GK Rickshaw 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).
Biswashree Pati was appointed as Company Secretary on 05 Dec 2024. Amit Singhania was appointed as Director on 28 Nov 2024. Nikita Rateria was appointed as Director on 28 Nov 2024. Raft Motors has 16 board changes on record in total.
Yes, Raft Motors is registered as an MSME under Udyam registration (number: UDYAM-MH-17-0019066).
Raft Motors can be reached through the website raftmotors.com. Its registered office is in Mumbai, Maharashtra, India.
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