MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-DL-08-0001705
Shigan Evoltz Limited - automotive in Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹11.42 Cr
▲ 38% YoY
Net profit · FY 2025
₹25.99 Lakh
Net margin 2.3%
EBITDA · FY 2025
₹63.19 Lakh
EBITDA margin 5.5%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹5 Cr
Issued & subscribed
Open charges
₹2 Cr
Secured borrowings
Company age
9 yrs
Est. 2017
Employees · EPFO
34
Provident fund records
About Shigan Evoltz Limited
Data last updated:
Shigan Evoltz Limited is a public limited company based in Delhi, India. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 19 September 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U35999DL2017PLC323864. Its GSTIN is 06AAZCS2420C1ZF (Haryana). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Santosh Agrawal and Gagan Agrawal.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 183A/3 Western Avenue Sainik Farm Opposite Gardian Pharmecy, Delhi, India – 110062.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.42 Cr, a growth of 38% compared to the previous year. For the same year it recorded a net profit of ₹25.99 Lakh (net margin 2.3%) and EBITDA of ₹63.19 Lakh (EBITDA margin 5.5%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 8% over five years.
The company has about 34 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Shigan eVoltz. As per MCA filings, the company has open charges of ₹2 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2018. Its 4 peer companies in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles) are compared by revenue, 1 larger and 3 smaller; the largest is Electrifuel Private Limited with revenue of ₹12.11 Cr. The company has 9 MSME Form 1 returns on record between 2019 and 2022, listing 926 overdue payments to 55 micro and small suppliers.
Shigan Evoltz Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-08-0001705). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website greenrick.com.
Company details
CIN U35999DL2017PLC323864
Registration Number 323864
Incorporation Date 19 September 2017
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-DL-08-0001705
Recognitions & Rankings of Shigan Evoltz
Contact details
Shigan Evoltz Limited's registered office is in Delhi, Delhi. Its website is greenrick.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address183A/3 Western Avenue Sainik Farm Opposite Gardian Pharmecy, Delhi, India – 110062
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
To see the full contact details of Shigan Evoltz Limited, buy the company report.
Comprehensive company report
Shigan Evoltz 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Shigan Evoltz operates one associated brand: Shigan eVoltz. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electric vehicle manufacturing and sales for passenger and cargo segments in India. | greenrick.com |
Business activity
The main business activities of Shigan Evoltz are manufacturing and professional, scientific and technical. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles and architecture, engineering activities, technical testing and analysis activities. 2 activity segments are registered with the MCA.
| 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 | |
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities |
To see the full business activity and turnover split of Shigan Evoltz Limited, buy the company report.
Financials of Shigan Evoltz Limited
FY 2025 filings availableShigan Evoltz Limited reported revenue of ₹11.42 Cr (up 38% YoY) for FY 2025.
Revenue · FY 2025
₹11.42 Cr ▲ 38%
Net profit · FY 2025
₹25.99 Lakh margin 2.3%
EBITDA · FY 2025
₹63.19 Lakh margin 5.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 38%
3 years · compounded
▼ 14%
5 years · compounded
▼ 8%
EBITDA CAGR growth
1 year
▲ 118%
3 years · compounded
▼ 9%
5 years · compounded
▲ 21%
Revenue rose 38% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 8%. EBITDA rose 118% 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
| 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 | ₹63.19 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹25.99 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.5% | ||||
| Net Profit Margin | 2.3% | ||||
| 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 Shigan Evoltz Limited, buy the company report.
Board of directors of Shigan Evoltz Limited
Shigan Evoltz has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Santosh Agrawal | Director | 19 Sep 2017 | 9 Years 1 Months | Current |
| Gagan Agrawal Also directs: Shigan Quantum Technologies Limited, Shigan Electronics Private Limited, Shigan Techsolutions Private Limited and 5 more | Director | 19 Sep 2017 | 9 Years 1 Months | Current |
| Shishir Agrawal Also directs: Shigan Quantum Technologies Limited, Shigan Electronics Private Limited, Shigan Techsolutions Private Limited and 5 more | Director | 19 Sep 2017 | 9 Years 1 Months | Current |
Peer comparison
Shigan Evoltz 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 |
|---|---|---|---|---|---|---|
| Electrifuel Private Limited | ₹12.11 Cr (FY 2025) | 54.0% | Haryana, India | |||
| Shigan Evoltz Limitedthis company | ₹11.42 Cr (FY 2025) | ₹25.99 Lakh | 2.3% | 38.0% | 34 | Delhi, India |
| Citygreen Auto and Petrochemicals Private Limited | ₹11.06 Cr (FY 2024) | -36.0% | Delhi, India | |||
| Tri Electric Private Limited | ₹11.02 Cr (FY 2022) | 125.0% | Thiruvallur, Tamil Nadu, India | |||
| BNC Motors Private Limited | ₹10.98 Cr (FY 2024) | 49.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Shigan Evoltz Limited, buy the company report.
Auditor
Shigan Evoltz Limited is audited by Saria Gupta & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Saria Gupta & Co | FY 2022 | 003168N |
Shareholding
The shareholding of Shigan Evoltz Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shigan Evoltz Limited, buy the company report.
Charges & borrowings
Open charges
₹2 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Feb 2021 | 100420601 | Hdfc Bank Limited | ₹2 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Shigan Evoltz Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2018.
Total deals
1
Secondary share transfer
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shigan Evoltz Limited has 1 court case on record: 1 filed by Shigan Evoltz. All case is pending.
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, Gurugram, Haryana | Cheque dishonour complaint | Filed by the company against M/S Mahalaxmi Enterprises and 2 others | Pending |
To see the full case history of Shigan Evoltz 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
Shigan Evoltz Limited has 9 MSME Form 1 returns on record between 2019 and 2022, listing 926 overdue payments to 55 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 55)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Prakant Electronics Private Limited |
To see the full MSME payment records of Shigan Evoltz Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Shigan Evoltz Limited has a workforce of 34 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
Employee count
34
Active EPFO establishments
1
Employee growth
-5.56%
GST
Shigan Evoltz has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAZCS2420C1ZF | Haryana | Active | 05 Dec 2017 |
| 09AAZCS2420C1Z9 | Uttar Pradesh | Active | 31 Jan 2018 |
To see the full GST registrations and return filing status of Shigan Evoltz Limited, buy the company report.
Recent activity
Shigan Evoltz Limited has 5 board changes on record since 2017: 3 appointments and 2 cessations. The latest: Swati ceased to be Company Secretary on 01 Nov 2021.
AGM
Shigan Evoltz Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Shigan Evoltz Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi I.
Ceased
Swati ceased to be Company Secretary.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2.00 Cr with Charge ID 100420601 was registered on 04 Feb 2021.
Ceased
Basant Kumar Sinha ceased to be Ceo(Kmp).
Appointed
Gagan Agrawal was appointed as Director.
Appointed
Santosh Agrawal was appointed as Director.
Appointed
Shishir Agrawal was appointed as Director.
Incorporation
19 Sep 2017
Shigan Evoltz Limited was registered on 19 Sep 2017 with Roc Delhi I & aged 9 years 1 month as per MCA records.
Frequently asked questions
Shigan Evoltz is an active public limited company based in Delhi, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 19 September 2017 (9+ years old) and is registered under CIN U35999DL2017PLC323864.
Shigan Evoltz has 3 current directors:
- Santosh Agrawal - Director
- Gagan Agrawal - Director
- Shishir Agrawal - Director
The latest financial statements of Shigan Evoltz on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Shigan Evoltz is 06AAZCS2420C1ZF, registered in Haryana. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 09AAZCS2420C1Z9 (Uttar Pradesh).
The CIN (Corporate Identification Number) of Shigan Evoltz is U35999DL2017PLC323864. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shigan Evoltz has 1 court case on record: 1 filed by the company. 1 is pending.
Shigan Evoltz was incorporated on 19 September 2017, making it 9+ years old. It is registered with the Registrar of Companies, Delhi.
Shigan Evoltz has 1 deal on record (1 secondary share transfer); the latest was in March 2018.
The peers of Shigan Evoltz by revenue are Electrifuel Private Limited, Citygreen Auto and Petrochemicals Private Limited, Tri Electric Private Limited, BNC Motors Private 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).
Swati ceased to be Company Secretary on 01 Nov 2021. Basant Kumar Sinha ceased to be Ceo(Kmp) on 11 May 2020. Gagan Agrawal was appointed as Director on 19 Sep 2017. Shigan Evoltz has 5 board changes on record in total.
Yes, Shigan Evoltz is registered as a small enterprise under Udyam registration (number: UDYAM-DL-08-0001705).
Shigan Evoltz has 9 MSME Form 1 returns on record between 2019 and 2022, listing 926 overdue payments to 55 micro and small suppliers. The latest return was filed on 01 Nov 2022.
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.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages