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Sheerdrive Private Limited - e-commerce in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹47.77 Cr
▼ 67% YoY
Net loss · FY 2025
₹3.87 Cr
Net margin -8.1%
EBITDA · FY 2025
-₹3.65 Cr
EBITDA margin -7.6%
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹1.08 Cr
Issued & subscribed
Company age
7 yrs
Est. 2019
Employees · EPFO
118
Provident fund records
Directors on board
4
As per MCA filings
About Sheerdrive Private Limited
Data last updated:
Sheerdrive Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the online automotive platforms segment of the e-commerce sector. It was incorporated on 13 August 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2019PTC329255. Its GSTIN is 27ABCCS4931N1ZX (Maharashtra).
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹1.08 Cr. It is led by directors including Ravisen Manmohan Mehra (Managing Director) and Siddharth Vijay Panikar.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹47.77 Cr, a decline of 67% compared to the previous year. For the same year it recorded a net loss of ₹3.87 Cr (net margin -8.1%) and EBITDA of -₹3.65 Cr (EBITDA margin -7.6%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years.
The company has about 118 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sheerdrive. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹19.35 Cr; the latest was in December 2022. Its 10 peer companies in the Ecommerce and Internet industry (Auto) are compared by revenue, 5 larger and 5 smaller; the largest is Sharp Auto Private Limited with revenue of ₹48.88 Cr.
Sheerdrive Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0014485). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sheerdrive.in.
Company Details of Sheerdrive Private Limited
CIN U74999MH2019PTC329255
Registration Number 329255
Incorporation Date 13 August 2019
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0014485
Key People
Ravisen Manmohan Mehra Managing Director Siddharth Vijay Panikar Director Harshal Manojkumar Desai Director Recognitions & Rankings of Sheerdrive
MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0014485
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address15 Floor – 2 Plot – 30/34 Nanik Niwas Dr D Sathe Marg, Prarthana Samaj, Mumbai, Maharashtra, India – 400004
- IndustryE-Commerce, Online Automotive Platforms
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Associated Brands with Sheerdrive Private Limited
Sheerdrive operates one associated brand: Sheerdrive. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of B2B auction based marketplace for pre owned vehicles | sheerdrive.in |
Business Activity of Sheerdrive Private Limited
The main business activity of Sheerdrive is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Sheerdrive Private Limited FY 2025 filings available
Sheerdrive Private Limited reported revenue of ₹47.77 Cr (down 67% YoY) for FY 2025.
Revenue · FY 2025
₹47.77 Cr ▼ 67%
Net loss · FY 2025
₹3.87 Cr margin -8.1%
EBITDA · FY 2025
-₹3.65 Cr margin -7.6%
Compounded Annual Growth Rate (CAGR) of Sheerdrive Private Limited
Revenue CAGR growth
1 year
▼ 67%
3 years · compounded
▼ 28%
EBITDA CAGR growth
1 year
▲ 45%
3 years · compounded
▼ 4%
5 years · compounded
▼ 84%
Revenue has declined at a compounded annual rate (CAGR) of 28% over three years, including a 67% fall in the latest year. EBITDA rose 45% 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 Sheerdrive Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹3.65 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.87 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 of Sheerdrive Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -7.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -8.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Sheerdrive are in the company report.
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Financial statements from FY 2020
Earlier years and trend charts are in the company report.
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Board of Directors of Sheerdrive Private Limited
Sheerdrive has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Siddharth Vijay Panikar Also directs: Mitoch Pharma Private Limited, Mccoy Pharma Private Limited, Vaks Pharma Private Limited and 1 more | Director | 12 Nov 2020 | 5 Years 11 Months | Current |
| Harshal Manojkumar Desai Also directs: Aeromark Cars Private Limited, Landmark Automobiles Limited, Motorone India Private Limited and 2 more | Director | 12 Nov 2020 | 5 Years 11 Months | Current |
| Ravisen Manmohan Mehra Also directs: Ampspace Developers LLP, Treyst Treasury Solutions Private Limited | Managing Director | 13 Aug 2019 | 7 Years 2 Months | Current |
| Minakkshi Mehraa Also directs: Ampspace Developers LLP | Director | 13 Aug 2019 | 7 Years 2 Months | Current |
Peer Comparison of Sheerdrive Private Limited
Sheerdrive Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Auto). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sharp Auto Private Limited | ₹48.88 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Pune, Maharashtra, India |
| Shareen Auto Private Limited | ₹48.66 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Nashik, Maharashtra, India |
| Aaress Auto Pvt Ltd | ₹48.05 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Haryana, India |
| Kasuma Auto Engineering Private Limited | ₹48.05 Cr (FY 2025) | •••• | •••• | 48.0% | •••• | Rajkot, Gujarat, India |
| Goldsun Auto Private Limited | ₹47.81 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Coimbatore, Tamil Nadu, India |
| Sheerdrive Private Limited this company | ₹47.77 Cr (FY 2025) | •••• | •••• | -67.0% | •••• | Mumbai, Maharashtra, India |
| Mijo Auto Gas Pvt. Ltd. | ₹47.76 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | New Delhi, Delhi, India |
| Elan Auto India Private Limited | ₹47.7 Cr (FY 2024) | •••• | •••• | 26.0% | •••• | Faridabad, Haryana, India |
| Etna Auto Components Private Limited | ₹47.44 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Indore, Madhya Pradesh, India |
| Gaurang Auto Wheels Private Limited | ₹47.27 Cr (FY 2025) | •••• | •••• | 79.0% | •••• | Satana, Maharashtra, India |
| Kaar Auto Private Limited | ₹47.17 Cr (FY 2024) | •••• | •••• | 41.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Sheerdrive by revenue in the Ecommerce and Internet industry (Auto), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Sheerdrive Private Limited
Sheerdrive Private Limited is audited by P D M S AND CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P D M S AND CO | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Sheerdrive Private Limited
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Charges & Borrowings of Sheerdrive Private Limited
Sheerdrive Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Sheerdrive Private Limited
Sheerdrive Private Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹19.35 Cr; the latest was in December 2022.
Total deals
5
Funding rounds
3
Secondary share transfers
2
Disclosed funding
₹19.35 Cr
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Funding round · Pre-Series A | ₹11.79 Cr | Investors: Landmark Cars Limited , 3 individuals |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Nov 2020 | Funding round · Seed | ₹5.06 Cr | Investors: Landmark Cars Limited |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
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Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Sheerdrive Private Limited
Sheerdrive Private Limited has 1 court case on record: 1 filed by Sheerdrive. All case is pending. Status as checked on 03 Oct 2026.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Shahdara, Delhi | Criminal case | Filed by the company against State of NCT of Delhi | Pending |
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Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Employees and EPFO Compliance at Sheerdrive Private Limited
Sheerdrive Private Limited has a workforce of 118 employees as of Apr 11, 2024.
Employee count
118
Active EPFO establishments
1
Employee growth
2.61%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Sheerdrive Private Limited
Sheerdrive Private Limited has 4 board changes on record since 2019: 4 appointments. The latest: Harshal Manojkumar Desai was appointed as Director on 12 Nov 2020.
AGM
Sheerdrive Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Sheerdrive Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Appointed
Harshal Manojkumar Desai was appointed as Director.
Appointed
Siddharth Vijay Panikar was appointed as Director.
Appointed
Minakkshi Mehraa was appointed as Director.
Appointed
Ravisen Manmohan Mehra was appointed as Managing Director.
Incorporation
13 Aug 2019
Sheerdrive Private Limited was registered on 13 Aug 2019 with Roc Mumbai I & aged 7 years 2 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Sheerdrive Private Limited
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Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Sheerdrive Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Sheerdrive Private Limited
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Corporate group structure
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GST Compliance of Sheerdrive Private Limited
Sheerdrive has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27ABCCS4931N1ZX | Maharashtra | Active | 12 Dec 2019 |
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MCA Filings & Documents of Sheerdrive Private Limited
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MCA filings and documents
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Frequently Asked Questions about Sheerdrive Private Limited
Sheerdrive is an active private limited company based in Mumbai, Maharashtra, India. The company works in online automotive platforms, within the e-commerce industry. It was incorporated on 13 August 2019 (7+ years old) and is registered under CIN U74999MH2019PTC329255.
Sheerdrive reported revenue of ₹47.77 Cr for FY 2025 (down 67% YoY).
Sheerdrive has 4 current directors:
- Ravisen Manmohan Mehra - Managing Director
- Siddharth Vijay Panikar - Director
- Harshal Manojkumar Desai - Director
- Minakkshi Mehraa - Director
Sheerdrive reported a net loss of ₹3.87 Cr (net margin -8.1%) and EBITDA of -₹3.65 Cr (EBITDA margin -7.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sheerdrive is -28% over three years. In the latest year (FY 2025) revenue fell 67%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sheerdrive is 27ABCCS4931N1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Sheerdrive is U74999MH2019PTC329255. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sheerdrive has 1 court case on record: 1 filed by the company. 1 is pending.
Sheerdrive was incorporated on 13 August 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Sheerdrive has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹19.35 Cr; the latest was in December 2022.
The peers of Sheerdrive by revenue are Sharp Auto Private Limited, Shareen Auto Private Limited, Aaress Auto Pvt Ltd, Kasuma Auto Engineering Private Limited, Goldsun Auto Private Limited and 5 more, all in the Ecommerce and Internet industry (Auto).