MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-PB-12-0027232
Tag Motors Limited - automotive in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹5.95 Cr
▼ 25% YoY
Net loss · FY 2023
₹16.56 Lakh
Net margin -2.8%
EBITDA · FY 2023
₹16.31 Lakh
EBITDA margin 2.7%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
₹46 Lakh
Secured borrowings
Company age
24 yrs
Est. 2002
Employees · EPFO
12
Provident fund records
About Tag Motors Limited
Data last updated:
Tag Motors Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 15 May 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U34300PB2002PLC025136. Its GSTIN is 03AABCT6450F1ZO (Punjab). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Inder Preet Singh and Manraj Singh.
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 is at 269 – D Phase – VIII Focal Point, Ludhiana, Punjab, India – 141010.
As per the financials filed for FY 2023, the company reported a revenue of ₹5.95 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net loss of ₹16.56 Lakh (net margin -2.8%) and EBITDA of ₹16.31 Lakh (EBITDA margin 2.7%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 4% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Tag Motors. As per MCA filings, the company has open charges of ₹46 Lakh on record. Court records list 33 cases involving the company, including 27 filed by the company and 6 filed against it; 2 cases are pending.
Tag Motors Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0027232). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tagmotors.in.
Company details
CIN U34300PB2002PLC025136
Registration Number 025136
Incorporation Date 15 May 2002
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-PB-12-0027232
CIN history
Tag Motors has one previous CIN (Corporate Identification Number): L34300PB2002PLC025136. The current CIN is U34300PB2002PLC025136, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U34300PB2002PLC025136 | Current |
| L34300PB2002PLC025136 | Previous |
Recognitions & Rankings of Tag Motors
Contact details
Tag Motors Limited's registered office is in Ludhiana, Punjab. Its website is tagmotors.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address269 – D Phase – VIII Focal Point, Ludhiana, Punjab, India – 141010
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Tag Motors Limited, buy the company report.
Comprehensive company report
Tag Motors 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
Tag Motors operates one associated brand: Tag Motors. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of automotive components, inner tubes, and rubber for two and three wheeler vehicles. | tagmotors.in |
Business activity
The main business activity of Tag Motors is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.
| 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 |
To see the full business activity and turnover split of Tag Motors Limited, buy the company report.
Financials of Tag Motors Limited
FY 2023 filings availableTag Motors Limited reported revenue of ₹5.95 Cr (down 25% YoY) for FY 2023.
Revenue · FY 2023
₹5.95 Cr ▼ 25%
Net loss · FY 2023
₹16.56 Lakh margin -2.8%
EBITDA · FY 2023
₹16.31 Lakh margin 2.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 25%
3 years · compounded
▲ 3%
5 years · compounded
▼ 4%
EBITDA CAGR growth
1 year
▲ 133%
3 years · compounded
▼ 39%
5 years · compounded
▼ 29%
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 25% fall in the latest year. EBITDA rose 133% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | ₹16.31 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹16.56 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.7% | ||||
| Net Profit Margin | -2.8% | ||||
| 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 Tag Motors Limited, buy the company report.
Board of directors of Tag Motors Limited
Tag Motors has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Inder Preet Singh | Director | 01 Jun 2022 | 4 Years 5 Months | Current |
| Manraj Singh | Director | 01 Jun 2022 | 4 Years 5 Months | Current |
| Ajmer Singh Also directs: Vulcan Lubricants (India) Limited, Synergy Motors Limited | Director | 15 May 2002 | 24 Years 5 Months | Current |
Auditor
Tag Motors Limited is audited by GOYAL SANJAY & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOYAL SANJAY & ASSOCIATES | FY 2021 | 010083N |
Shareholding
The shareholding of Tag Motors Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Tag Motors Limited, buy the company report.
Charges & borrowings
Open charges
₹46 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Nov 2014 | 10535688 | Others | ₹46 Lakh | Open |
To see the full charge records of Tag Motors Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Tag Motors Limited has 33 court cases on record: 27 filed by Tag Motors, 6 filed against it. 2 cases are pending and 31 are disposed.
Total cases
33
Filed by the company
27
Filed against the company
6
Pending
2
Disposed
31
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 33 | 6 | 2 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Arbitration matter | Filed against the company by Idfc First Bank Limited | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by an individual | Pending |
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against an individual | Pending |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against an individual | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by M/S Seth Steels | Disposed |
To see the full case history of Tag Motors 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
No delayed payments to MSME suppliers are on our record for Tag Motors Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Tag Motors Limited has a workforce of 12 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
Employee count
12
Active EPFO establishments
1
Employee growth
-33.33%
GST
Tag Motors has 4 GST registrations: 1 active and 3 cancelled or inactive.
Total GSTINs
4
Active
1
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCT6450F1ZO | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tag Motors Limited, buy the company report.
Recent activity
Tag Motors Limited has 8 board changes on record since 2002: 3 appointments and 5 cessations. The latest: Inder Preet Singh ceased to be Additional Director on 30 Sep 2022.
AGM
Tag Motors Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Tag Motors Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chandigarh.
Ceased
Inder Preet Singh ceased to be Additional Director.
Ceased
Manraj Singh ceased to be Additional Director.
Ceased
Amrik Singh ceased to be Director.
Appointed
Inder Preet Singh was appointed as Director.
Appointed
Manraj Singh was appointed as Director.
Charges
A charge with Others of Rs. 46.00 Lakh registered on 05 Nov 2014 with Charge ID 10535688 was modified on 28 Jul 2019.
Ceased
Kanwaljit Singh ceased to be Additional Director.
Ceased
Iqbal Singh ceased to be Director.
Charges
A charge with Others amounted to Rs. 46.00 Lakh with Charge ID 10535688 was registered on 05 Nov 2014.
Appointed
Ajmer Singh was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Tag Motors is an active public limited company based in Ludhiana, Punjab, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 15 May 2002 (24+ years old) and is registered under CIN U34300PB2002PLC025136.
Tag Motors has 3 current directors:
- Inder Preet Singh - Director
- Manraj Singh - Director
- Ajmer Singh - Director
The latest financial statements of Tag Motors 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 2015 are in the company report.
The GSTIN of Tag Motors is 03AABCT6450F1ZO, registered in Punjab. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Tag Motors is U34300PB2002PLC025136. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tag Motors has 33 court cases on record: 27 filed by the company and 6 filed against it. 2 are pending.
Tag Motors was incorporated on 15 May 2002, making it 24+ years old. It is registered with the Registrar of Companies, Chandigarh.
Inder Preet Singh ceased to be Additional Director on 30 Sep 2022. Manraj Singh ceased to be Additional Director on 30 Sep 2022. Amrik Singh ceased to be Director on 01 Jun 2022. Tag Motors has 8 board changes on record in total.
Yes, Tag Motors is registered as a small enterprise under Udyam registration (number: UDYAM-PB-12-0027232).
Tag Motors can be reached through the website tagmotors.in. Its registered office is in Ludhiana, Punjab, India.
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