Speed Sales Pvt Ltd
About Speed Sales Pvt Ltd
Data last updated:
Speed Sales Pvt Ltd is a private limited company based in Guwahati, Assam, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 06 October 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Guwahati, under CIN U50401AS1988PTC003092. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹41.25 Lakh. It is led by directors Tushar Jalan and Tulika Jalan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Rd Enclave 3rd Floor Christian Basti G.S. Road, Guwahati, Assam, India – 781005.
As per the financials filed for FY 2024, the company reported a revenue of ₹13.76 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹79,846 (net margin -5.8%) and EBITDA of ₹13.36 Lakh (EBITDA margin 97.1%). Revenue has declined at a compounded annual rate (CAGR) of 19% over five years.
As per MCA filings, the company has open charges of ₹1 Cr and satisfied charges of ₹2.88 Cr on record. Court records list 22 cases involving the company, including 12 filed by the company and 10 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Speed Sales Pvt Ltd's registered office is in Guwahati, Assam. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressRd Enclave 3rd Floor Christian Basti G.S. Road, Guwahati, Assam, India – 781005
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Speed Sales Pvt Ltd, 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 Speed Sales is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Speed Sales Pvt Ltd, buy the company report.
Financials of Speed Sales Pvt Ltd
FY 2024 filings availableSpeed Sales Pvt Ltd reported revenue of ₹13.76 Lakh (up 1925% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 19% over five 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹13.36 Lakh | ||||
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| Net Profit (PAT) | -₹79,846 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 97.1% | ||||
| Net Profit Margin | -5.8% | ||||
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To see the full financial statements and ratios of Speed Sales Pvt Ltd, buy the company report.
Board of directors of Speed Sales Pvt Ltd
Speed Sales has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tushar Jalan | Director | 30 Sep 2005 | 21 Years 0 Months | Current |
| Tulika Jalan | Director | 27 Aug 2018 | 8 Years 1 Months | Current |
Auditor
Speed Sales Pvt Ltd is audited by S. K. JAJODIA & CO. for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. K. JAJODIA & CO. | FY 2016 | 050582 |
Shareholding
The shareholding of Speed Sales Pvt Ltd is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Speed Sales Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Feb 2003 | 90265026 | State Bank of India | ₹50 Lakh | Open | |
| 25 Feb 2003 | 90265912 | State Bank of India | ₹50 Lakh | Open | |
| 08 Jan 2010 | 10196001 | Standard Chartered Bank | ₹1.75 Cr | Satisfied | |
| 25 Sep 2008 | 10129435 | Axis Bank Limited | ₹70 Lakh | Satisfied | |
| 24 Apr 2007 | 10054484 | Uco Bank | ₹43 Lakh | Satisfied |
To see the full charge records of Speed Sales Pvt Ltd, buy the company report.
Total charge records: 5 View all charges
Legal cases
Speed Sales Pvt Ltd has 22 court cases on record: 12 filed by Speed Sales, 10 filed against it. 2 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 10 | 2 |
| High courts | 5 | 0 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Execution petition | Filed against the company by Refop India Company | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S A O Smith India Water Products Pvt. Ltd., | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S A O Smith India Water Products Pvt. Ltd., | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Ms Federal Brands Limited | Disposed |
| District court, New Delhi, Delhi | Civil suit | Filed against the company by Reebok India Company | Disposed |
To see the full case history of Speed Sales Pvt Ltd, 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 Speed Sales Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Speed Sales has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Speed Sales Pvt Ltd, buy the company report.
Recent activity
Speed Sales Pvt Ltd has 4 board changes on record since 1990: 3 appointments and 1 cessation. The latest: Tulika Jalan was appointed as Director on 27 Aug 2018.
4 earlier events are in the company report.
Frequently asked questions
Speed Sales is an active private limited company based in Guwahati, Assam, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 06 October 1988 (38+ years old) and is registered under CIN U50401AS1988PTC003092.
Speed Sales has 2 current directors:
- Tushar Jalan - Director
- Tulika Jalan - Director
The latest financial statements of Speed Sales on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
No. Speed Sales has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Speed Sales is U50401AS1988PTC003092. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Speed Sales has 22 court cases on record: 12 filed by the company and 10 filed against it. 2 are pending. Most are in the district courts.
Speed Sales was incorporated on 06 October 1988, making it 38+ years old. It is registered with the Registrar of Companies, Guwahati.
Tulika Jalan was appointed as Director on 27 Aug 2018. Babulal Agarwalla ceased to be Managing Director on 26 Jul 2018. Tushar Jalan was appointed as Director on 30 Sep 2005. Speed Sales has 4 board changes on record in total.
The registered office of Speed Sales is at Rd Enclave 3rd Floor Christian Basti G.S. Road, Guwahati, Assam, India – 781005.
Speed Sales operates in the automotive industry, in the auto dealership and trading segment.