About Targetone Innovations Private Limited
Data last updated: 06 January 2026
Targetone Innovations Private Limited is a private limited company based in Delhi, Delhi, India. It specialises in auto parts and components, a part of the broader automotive sector. Incorporated on 23 May 2016, the company has been in operation for over 10 years.
Registered with ROC Delhi under CIN U74999DL2016PTC300195.
Capital: an authorised share capital of ₹3.31 Cr and a paid-up capital of ₹3.28 Cr. It is led by directors including Rishabh Shailesh Karwa and Kushal Shailesh Karwa.
Last AGM: 30 September 2023. Financial statements filed for year ended 31 March 2023. Office: Shop No 8 Ramesh Market Dayanand Colony Lajpat Nagar, Delhi, Delhi, India – 110024.
As per the financials filed for FY 2023, the company reported a revenue of ₹309.79 Cr, reflecting significant growth compared to the previous year.
The company has a workforce of approximately 551 employees as per the latest available data.
The company is associated with 3 brands - Smart Parts Exports, Gomechanic Spares, Gomechanic. As per MCA filings, the company has open charges of ₹100 Cr and satisfied charges of ₹146.05 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gomechanic.in.
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Registered AddressShop No 8 Ramesh Market Dayanand Colony Lajpat Nagar, Delhi, Delhi, India – 110024
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IndustryAutomotive, Auto Parts & Components, Auto Dealership & Trading
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
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Associated Brands with Targetone Innovations Private Limited
Targetone Innovations Private Limited operates multiple associated brands including Smart Parts Exports, GoMechanic Spares, and GoMechanic. These brands represent Targetone Innovations Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Exports genuine and aftermarket automotive spare parts for vehicles worldwide from India. | smartpartsexports.com | |
| Functions as an app-based retailer of auto parts and accessories. | gomechanicspares.com | |
| Provider of car service and repair network | gomechanic.in |
Competitors & Alternatives of Targetone Innovations Private Limited
Brands and companies operating in the same space as Targetone Innovations Private Limited include MyTVS, VehicleCare, GoBumpr and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
MyTVS
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Online platform for booking automotive repair and maintenance services | Chennai, India, India | 2003 |
VehicleCare
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AI-based car repair and maintenance services are delivered. | Gurugram, India, India | 2019 |
GoBumpr
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App-based garage aggregation for auto repair and maintenance is offered. | Chennai, India, India | 2015 |
Hoopy Services
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Online platform for news articles on sports, entertainment, and current events worldwide. | Bengaluru, India, India | 2016 |
Ki Mobility Solutions
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Digital automotive marketplace platform | Chennai, India, India | 2020 |
Autodukan
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Car washing, battery, and windshield cleaning products are provided. | Pune, India, India | 2017 |
AutoPortal
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Automobile news, research, comparisons, and second-hand car listings are provided. | Gurugram, India, India | 2013 |
Carcrew
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Online portal for car servicing | Mumbai, India, India | 2015 |
honc
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App-based onsite car service, wash and detailing service booking platform | Hyderabad, India, India | 2020 |
GrandPitstop
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Aftermarket automotive parts and accessories are dealt online by GrandPitstop. | Delhi, India, India | 2015 |
Business Activity of Targetone Innovations Private Limited
Targetone Innovations Private Limited is engaged in the principal business activity of transport and storage, with detailed activities including services incidental to land, water & air transportation.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation | Locked |
Business activity turnover details for Targetone Innovations Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
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Auditor Details of Targetone Innovations Private Limited
Targetone Innovations Private Limited is audited by C A M & Co for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| C A M & Co | Locked | Locked | Locked |
Complete auditor history for Targetone Innovations Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
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Board of Directors of Targetone Innovations Private Limited
Targetone Innovations Private Limited is currently managed by 4 directors, with 1 former director having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rishabh Shailesh Karwa | Director | 14 Jun 2021 | 5 Years 1 Months | Current |
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Kushal Shailesh Karwa
Also directs:
Ikshana General Insurance Limited
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Director | 23 May 2016 | 10 Years 1 Months | Current |
| Amit Bhasin | Director | 23 May 2016 | 10 Years 1 Months | Current |
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Nitin Rana
Also directs:
Ikshana General Insurance Limited
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Director | 14 Jun 2021 | 5 Years 1 Months | Current |
Financials of Targetone Innovations Private Limited FY 2023 filings available
Targetone Innovations Private Limited reported revenue of ₹309.79 Cr (up 220.00% YoY) for FY 2023.
Ten-year financial statements for Targetone Innovations Private Limited
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Ownership and Shareholding of Targetone Innovations Private Limited
Shareholding and ownership data for Targetone Innovations Private Limited
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Charges & Borrowings of Targetone Innovations Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Jan 2023 | Others | ₹100 Cr | Open |
| 11 Jan 2023 | Others | ₹75 Cr | Satisfied |
| 18 Jun 2022 | The Hongkong and Shanghai Banking Corporation Limited | ₹5.38 Cr | Satisfied |
| 18 Jun 2022 | The Hongkong and Shanghai Banking Corporation Limited | ₹9.5 Cr | Satisfied |
| 17 Nov 2021 | Axis Bank Limited | ₹10 Cr | Satisfied |
Total charge records: 10 View all charges
Employees and EPFO Compliance at Targetone Innovations Private Limited
Targetone Innovations Private Limited has a workforce of 551 employees as of Apr 06, 2024.
Employee and EPFO history for Targetone Innovations Private Limited
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GST Compliance of Targetone Innovations Private Limited
GST registrations and filing compliance for Targetone Innovations Private Limited
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Credit Ratings, Litigation & Regulatory Alerts for Targetone Innovations Private Limited
Credit ratings, litigation, and regulatory alerts for Targetone Innovations Private Limited
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MSME Payment Delays by Targetone Innovations Private Limited
MSME payment history for Targetone Innovations Private Limited
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Subsidiaries & Group Companies of Targetone Innovations Private Limited
Corporate group structure for Targetone Innovations Private Limited
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MCA Filings & Documents of Targetone Innovations Private Limited
MCA filings and documents for Targetone Innovations Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
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Recent Activity on Targetone Innovations Private Limited
Recent News on Targetone Innovations Private Limited
Frequently Asked Questions about Targetone Innovations Private Limited
Targetone Innovations Private Limited is an active private limited company in the automotive sector based in Delhi, Delhi, India. It was incorporated on 23 May 2016 (10+ years old) and is registered under CIN U74999DL2016PTC300195. The company has 551 employees.
Targetone Innovations Private Limited reported revenue of ₹309.79 Cr for FY 2023 (up 220.00% YoY).
The current directors of Targetone Innovations Private Limited are:
- Rishabh Shailesh Karwa - Director
- Kushal Shailesh Karwa - Director
- Amit Bhasin - Director
- Nitin Rana - Director
The primary industry of Targetone Innovations Private Limited is automotive. The company specifically operates in auto parts and components. The company is currently active in this sector.
Targetone Innovations Private Limited can be reached at the registered office: Shop No 8 Ramesh Market Dayanand Colony Lajpat Nagar, Delhi, Delhi, India – 110024, or through the website gomechanic.in.
The authorised capital is ₹3.31 Cr, and the paid-up capital is ₹3.28 Cr.