Rideasy Electromotors Private Limited
About Rideasy Electromotors Private Limited
Data last updated:
Rideasy Electromotors Private Limited was a private limited company based in Pune, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the automobile dealership and trading segment of the automotive sector. It was incorporated on 09 October 2020.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U50400PN2020PTC194813. Its GSTIN is 27AAKCR5053R1ZL (Maharashtra).
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Rohit Mohanbabu Sawant and Nitesh Narendra Kuhikar.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at B/1 Karmyogi Hsg Soc Shop – 2 Pimpri, Pune, Maharashtra, India – 411018.
As per the financials filed for FY 2023, the company reported a revenue of ₹99,990, a decline of 83% compared to the previous year. For the same year it recorded a net loss of ₹1.02 Lakh (net margin -102.2%) and EBITDA of -₹1.02 Lakh (EBITDA margin -102.2%).
Company details
Contact details
Rideasy Electromotors Private Limited's registered office is in Pune, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressB/1 Karmyogi Hsg Soc Shop – 2 Pimpri, Pune, Maharashtra, India – 411018
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Rideasy Electromotors 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
Business activity
The main business activity of Rideasy Electromotors is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Rideasy Electromotors Private Limited, buy the company report.
Financials of Rideasy Electromotors Private Limited
FY 2023 filings availableRideasy Electromotors Private Limited reported revenue of ₹99,990 (down 83% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 83% in the latest year. EBITDA rose 13% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| 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 | -₹1.02 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹1.02 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -102.2% | ||
| Net Profit Margin | -102.2% | ||
| 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 | |||
To see the full financial statements and ratios of Rideasy Electromotors Private Limited, buy the company report.
Board of directors of Rideasy Electromotors Private Limited
Rideasy Electromotors has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohit Mohanbabu Sawant | Director | 09 Oct 2020 | 6 Years 1 Months | As last reported |
| Nitesh Narendra Kuhikar Also directs: Secact HR Services Private Limited | Director | 25 Mar 2022 | 4 Years 7 Months | As last reported |
Peer comparison
Rideasy Electromotors Private Limited is compared with the 4 companies closest to it by revenue in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chennai Happy Bikes Private Limited | ₹1.01 Lakh (FY 2021) | -92.0% | Chennai, Tamil Nadu, India | |||
| Rideasy Electromotors Private Limitedthis company | ₹99,990 (FY 2023) | -₹1.02 Lakh | -102.2% | -83.0% | Pune, Maharashtra, India | |
| Abi & Abi Industries Private Limited | ₹96,060 (FY 2025) | -66.0% | Chennai, Tamil Nadu, India | |||
| Mithranexa Automobiles Private Limited | ₹96,000 (FY 2024) | -96.0% | Hyderabad, Telangana, India | |||
| Galactric Overseas Private Limited | ₹95,870 (FY 2021) | 6.0% | Delhi, India |
To see the full peer comparison of Rideasy Electromotors Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Rideasy Electromotors Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Rideasy Electromotors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rideasy Electromotors has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCR5053R1ZL | Maharashtra | Active | 19 Nov 2020 |
To see the full GST registrations and return filing status of Rideasy Electromotors Private Limited, buy the company report.
Recent activity
Rideasy Electromotors Private Limited has 4 board changes on record since 2020: 2 appointments and 2 cessations. The latest: Nitesh Narendra Kuhikar ceased to be Additional Director on 30 Sep 2022.
Frequently asked questions
Rideasy Electromotors has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Rideasy Electromotors was a private limited company based in Pune, Maharashtra, India. The company worked in auto dealership and trading, within the automotive industry. It was incorporated on 09 October 2020 and is registered under CIN U50400PN2020PTC194813. The company has been struck off by the Registrar of Companies and is no longer operational.
Rideasy Electromotors had 2 directors:
- Rohit Mohanbabu Sawant - Director
- Nitesh Narendra Kuhikar - Director
The CIN (Corporate Identification Number) of Rideasy Electromotors is U50400PN2020PTC194813. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Rideasy Electromotors is at B1 Karmyogi Hsg Soc Shop – 2 Pimpri, Pune, Maharashtra, India – 411018.
Rideasy Electromotors was incorporated on 09 October 2020. It is registered with the Registrar of Companies, Pune.
The latest financial statements of Rideasy Electromotors on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Rideasy Electromotors is 27AAKCR5053R1ZL, registered in Maharashtra.
Rideasy Electromotors operated in the automotive industry, in the auto dealership and trading segment. It worked in this industry before it was struck off.
The peers of Rideasy Electromotors by revenue are Chennai Happy Bikes Private Limited, Abi & Abi Industries Private Limited, Mithranexa Automobiles Private Limited, Galactric Overseas Private Limited, all in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading).
Nitesh Narendra Kuhikar ceased to be Additional Director on 30 Sep 2022. Juzar Saifuddin Vohra ceased to be Director on 25 Mar 2022. Nitesh Narendra Kuhikar was appointed as Director on 25 Mar 2022. Rideasy Electromotors has 4 board changes on record in total.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
