MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-13-0002756
Shodha Motors Private Limited - automotive in Hubli, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹402.81 Cr
▲ 61% YoY
Net profit · FY 2024
₹10.62 Cr
Net margin 2.6%
EBITDA · FY 2024
₹18.12 Cr
EBITDA margin 4.5%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹87.5 Lakh
Issued & subscribed
Open charges
₹70.05 Cr
Satisfied ₹48.35 Cr
Company age
26 yrs
Est. 2000
Employees · EPFO
440
Provident fund records
About Shodha Motors Private Limited
Data last updated:
Shodha Motors Private Limited is a private limited company based in Hubli, Karnataka, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 10 July 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U63090KA2000PTC027438. Its GSTIN is 29AAFCS9960F1ZU (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹87.5 Lakh. It is led by directors including Prasad Raghunath Deshpande (Managing Director) and Meghana Prasad Deshpande.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.188 Shodha Toyota P B Road Rayapur, Hubli, Karnataka, India – 580025.
As per the financials filed for FY 2024, the company reported a revenue of ₹402.81 Cr, a growth of 61% compared to the previous year. For the same year it recorded a net profit of ₹10.62 Cr (net margin 2.6%) and EBITDA of ₹18.12 Cr (EBITDA margin 4.5%). Revenue has grown at a compounded annual rate (CAGR) of 45% over three years and 23% over five years.
The company has about 440 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Shodha Toyota. As per MCA filings, the company has open charges of ₹70.05 Cr and satisfied charges of ₹48.35 Cr on record. Court records list 22 cases involving the company, including 4 filed by the company and 18 filed against it.
Shodha Motors Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-13-0002756). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shodhatoyota.com.
Company details
CIN U63090KA2000PTC027438
Registration Number 027438
Incorporation Date 10 July 2000
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-13-0002756
Key People
Prasad Raghunath Deshpande Managing Director Shanteri Prakash Nayak Additional Director Meghana Prasad Deshpande Director Recognitions & Rankings of Shodha Motors
Contact details
Shodha Motors Private Limited's registered office is in Hubli, Karnataka. Its website is shodhatoyota.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.188 Shodha Toyota P B Road Rayapur, Hubli, Karnataka, India – 580025
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Shodha Motors Private Limited, buy the company report.
Comprehensive company report
Shodha Motors 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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Brands
Shodha Motors operates one associated brand: Shodha Toyota. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates as a Toyota dealership, offering sales, test drives, price lists, and financing options. | shodhatoyota.com |
Business activity
The main business activity of Shodha Motors 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 Shodha Motors Private Limited, buy the company report.
Financials of Shodha Motors Private Limited
FY 2024 filings availableShodha Motors Private Limited reported revenue of ₹402.81 Cr (up 61% YoY) for FY 2024.
Revenue · FY 2024
₹402.81 Cr ▲ 61%
Net profit · FY 2024
₹10.62 Cr margin 2.6%
EBITDA · FY 2024
₹18.12 Cr margin 4.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 61%
3 years · compounded
▲ 45%
5 years · compounded
▲ 23%
EBITDA CAGR growth
1 year
▲ 81%
3 years · compounded
▲ 22%
5 years · compounded
▲ 40%
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 61% growth in the latest year. EBITDA rose 81% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹402.81 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹18.12 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.62 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.5% | ||||
| Net Profit Margin | 2.6% | ||||
| 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 Shodha Motors Private Limited, buy the company report.
Board of directors of Shodha Motors Private Limited
Shodha Motors has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shanteri Prakash Nayak Also directs: Staralliance Resorts LLP, The Nativetable Private Limited, PRN Infratech Private Limited and 1 more | Additional Director | 30 Jul 2025 | 1 Years 3 Months | Current |
| Meghana Prasad Deshpande Also directs: Dhruvdesh Infrastructure LLP, Dhruvdesh Ventures LLP, Silveride Mobility LLP and 5 more | Director | 10 Jul 2000 | 26 Years 4 Months | Current |
| Prasad Raghunath Deshpande Also directs: Dhruvdesh Infrastructure LLP, Dhruvdesh Ventures LLP, Silveride Mobility LLP and 5 more | Managing Director | 10 Jul 2000 | 26 Years 4 Months | Current |
| Dhruv Prasad Deshpande Also directs: D & V Green-Wheels Private Limited | Director | 26 Sep 2023 | 3 Years 1 Months | Current |
Peer comparison
Shodha Motors Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| MG Cars Private Limited | ₹406.99 Cr (FY 2024) | 32.0% | Delhi, India | |||
| VST Auto India Private Limited | ₹406.48 Cr (FY 2025) | 4.0% | Jaipur, Rajasthan, India | |||
| R B Cars Private Limited | ₹404.43 Cr (FY 2025) | 13.0% | Godhra, Gujarat, India | |||
| Shodha Motors Private Limitedthis company | ₹402.81 Cr (FY 2024) | ₹10.62 Cr | 2.6% | 61.0% | 440 | Hubli, Karnataka, India |
| Landmark Lifestyle Cars Private Limited | ₹401.18 Cr (FY 2025) | -20.0% | Ahmedabad, Gujarat, India | |||
| Sai Shreeja Cars Private Limited | ₹400.25 Cr (FY 2024) | 38.0% | New Delhi, Delhi, India | |||
| Landmark Automobiles Private Limited | ₹400.11 Cr (FY 2021) | -16.0% | Ahmedabad Gandhinagar, Gujarat, India | |||
| Kundan Cars Private Limited | ₹399.43 Cr (FY 2025) | 9.0% | Pune, Maharashtra, India |
To see the full peer comparison of Shodha Motors Private Limited, buy the company report.
Auditor
Shodha Motors Private Limited is audited by Y P K & Associates LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Y P K & Associates LLP | FY 2024 | 129532W |
Shareholding
The shareholding of Shodha Motors Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shodha Motors Private Limited, buy the company report.
Charges & borrowings
Open charges
₹70.05 Cr
Satisfied charges
₹48.35 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Mar 2013 | 10423381 | State Bank of India | ₹41 Cr | Open | |
| 22 Mar 2010 | 10210944 | Hdfc Bank Limited | ₹29.05 Cr | Open | |
| 27 Oct 2020 | 100383499 | Others | ₹2.6 Cr | Satisfied | |
| 14 Jan 2019 | 100237339 | Others | ₹1.27 Cr | Satisfied | |
| 30 Dec 2017 | 100146010 | Hdfc Bank Limited | ₹20.05 Cr | Satisfied |
To see the full charge records of Shodha Motors Private Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Shodha Motors Private Limited has 22 court cases on record: 4 filed by Shodha Motors, 18 filed against it. All cases are disposed.
Total cases
22
Filed by the company
4
Filed against the company
18
Disposed
22
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 15 | 0 |
| High courts | 7 | 3 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Writ petition | Filed by the company against Hubli Dharwad BRTS Company Ltd., and 3 others | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by Akshara Motors Pvt Ltd | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by Akshara Motors Pvt Ltd | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against The Government of Karnataka | Disposed |
| District court, DHARWAD, Karnataka | Motor accident claim | Filed against the company by an individual | Disposed |
To see the full case history of Shodha Motors Private 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.
Credit ratings & regulatory alerts
Shodha Motors Private Limited was last rated by Brickwork on 19 Sep 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 19 Sep 2018 |
To see the full credit ratings and regulatory alerts of Shodha Motors Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Shodha Motors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shodha Motors Private Limited has a workforce of 440 employees on its EPFO records as of May 2026, across 3 active EPFO establishments.
Employee count
440
Active EPFO establishments
3
Employee growth
9.5%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 440 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Shodha Motors Private Limited, buy the company report.
GST
Shodha Motors has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCS9960F1ZU | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shodha Motors Private Limited, buy the company report.
Recent activity
Shodha Motors Private Limited has 8 board changes on record since 2000: 5 appointments and 3 cessations. The latest: Kalpana Prakash Nayak ceased to be Director on 05 Aug 2025.
Ceased
Kalpana Prakash Nayak ceased to be Director.
Appointed
Shanteri Prakash Nayak was appointed as Additional Director.
Charges
A charge with Hdfc Bank Limited of Rs. 29.05 Cr registered on 22 Mar 2010 with Charge ID 10210944 was modified on 26 Mar 2025.
Charges
A charge with State Bank Of India of Rs. 41.00 Cr registered on 06 Mar 2013 with Charge ID 10423381 was modified on 25 Mar 2025.
Ceased
Karthik Prakash Nayak ceased to be Director.
AGM
Shodha Motors Private Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.
Filing
Shodha Motors Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge registered on 30 Dec 2017 via Charge ID 100146010 with Hdfc Bank Limited was fully satisfied on 06 Mar 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 20.05 Cr registered on 30 Dec 2017 with Charge ID 100146010 was modified on 03 Feb 2024.
Appointed
Dhruv Prasad Deshpande was appointed as Director.
Charges
A charge registered on 27 Oct 2020 via Charge ID 100383499 with Others was fully satisfied on 26 May 2023.
Charges
A charge registered on 14 Jan 2019 via Charge ID 100237339 with Others was fully satisfied on 26 May 2023.
30 earlier events are in the company report.
Frequently asked questions
Shodha Motors is an active private limited company based in Hubli, Karnataka, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 10 July 2000 (26+ years old) and is registered under CIN U63090KA2000PTC027438.
Shodha Motors has 4 current directors:
- Prasad Raghunath Deshpande - Managing Director
- Shanteri Prakash Nayak - Additional Director
- Meghana Prasad Deshpande - Director
- Dhruv Prasad Deshpande - Director
The latest financial statements of Shodha Motors on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Shodha Motors is 29AAFCS9960F1ZU, registered in Karnataka.
The CIN (Corporate Identification Number) of Shodha Motors is U63090KA2000PTC027438. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shodha Motors has 22 court cases on record: 4 filed by the company and 18 filed against it. Most are in the district courts.
Shodha Motors was incorporated on 10 July 2000, making it 26+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Shodha Motors by revenue are MG Cars Private Limited, VST Auto India Private Limited, R B Cars Private Limited, Landmark Lifestyle Cars Private Limited, Sai Shreeja Cars Private Limited and 2 more, all in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading).
Kalpana Prakash Nayak ceased to be Director on 05 Aug 2025. Shanteri Prakash Nayak was appointed as Additional Director on 30 Jul 2025. Karthik Prakash Nayak ceased to be Director on 13 Jan 2025. Shodha Motors has 8 board changes on record in total.
Yes, Shodha Motors is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-13-0002756).
Shodha Motors can be reached through the website shodhatoyota.com. Its registered office is in Hubli, Karnataka, India.
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