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Tecso Charge Zone Limited - automotive in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹58 Cr
▲ 5.85% YoY
Net loss · FY 2025
₹52.07 Cr
Net margin -89.8%
EBITDA · FY 2025
-₹12.1 Cr
EBITDA margin -20.9%
Authorised capital
₹15.02 Cr
Registered with MCA
Paid-up capital
₹10.4 Cr
Issued & subscribed
Open charges
₹250.86 Cr
Satisfied ₹12 Cr
Company age
8 yrs
Est. 2018
Employees · EPFO
181
Provident fund records
About Tecso Charge Zone Limited
Data last updated:
Tecso Charge Zone Limited is a public limited company based in Vadodara, Gujarat, India, recognised as a startup by DPIIT. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 23 July 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40108GJ2018PLC103380. Its GSTIN is 24AAGCT8628J1ZY (Gujarat). The company holds 26 GST registrations, of which 25 are active.
The company has an authorised share capital of ₹15.02 Cr and a paid-up capital of ₹10.4 Cr. It is led by directors including Kartikey Babubhai Hariyani (Whole-Time Director) and Solomon James Proops.
Its last annual general meeting (AGM) was held on 29 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Notus IT Park, Vadodara, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹58 Cr. For the same year it recorded a net loss of ₹52.07 Cr (net margin -89.8%) and EBITDA of -₹12.1 Cr (EBITDA margin -20.9%).
The company has about 181 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: ERM and Chargezone. As per MCA filings, the company has open charges of ₹250.86 Cr and satisfied charges of ₹12 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it; 1 case is pending. The company has 37 deals on record (19 funding rounds, 15 secondary share transfers, 2 rights issues), with disclosed funding of ₹422.21 Cr; the latest was in June 2024. The company has 2 MSME Form 1 returns on record between 2023 and 2024, listing 10 overdue payments to 10 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website chargezone.co.
Company details
CIN U40108GJ2018PLC103380
Registration Number 103380
Incorporation Date 23 July 2018
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
CIN history
Tecso Charge Zone has one previous CIN (Corporate Identification Number): U40108GJ2018PTC103380. The current CIN is U40108GJ2018PLC103380, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40108GJ2018PLC103380 | Current |
| U40108GJ2018PTC103380 | Previous |
Key People
Kartikey Babubhai Hariyani Whole-Time Director Solomon James Proops Director Kinnari Kartikey Hariyani Director Recognitions & Rankings of Tecso Charge Zone
Contact details
Tecso Charge Zone Limited's registered office is in Vadodara, Gujarat. Its website is chargezone.co. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressBlock – D 8th Floor, Notus IT Park Sarabhai Campus Vadiwadi, Vadodara, Gujarat, India – 390023
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
To see the full contact details of Tecso Charge Zone Limited, buy the company report.
Comprehensive company report
Tecso Charge Zone 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
Tecso Charge Zone operates two associated brands: ERM and Chargezone. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Low carbon energy analysis and consulting solutions are provided. | element-energy.co.uk | |
| EV charging services and network infrastructure are managed in India. | chargezone.co |
Business activity
The main business activity of Tecso Charge Zone is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Tecso Charge Zone Limited, buy the company report.
Financials of Tecso Charge Zone Limited
FY 2025 filings availableTecso Charge Zone Limited reported revenue of ₹58 Cr for FY 2025.
Revenue · FY 2025
₹58 Cr
Net loss · FY 2025
₹52.07 Cr margin -89.8%
EBITDA · FY 2025
-₹12.1 Cr margin -20.9%
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 | ₹58 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹12.1 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹52.07 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -20.9% | ||||
| Net Profit Margin | -89.8% | ||||
| 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 Tecso Charge Zone Limited, buy the company report.
Board of directors of Tecso Charge Zone Limited
Tecso Charge Zone has 7 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Solomon James Proops | Director | 11 Dec 2023 | 2 Years 11 Months | Current |
| Kartikey Babubhai Hariyani | Whole-Time Director | 23 Jul 2018 | 8 Years 3 Months | Current |
| Kinnari Kartikey Hariyani | Director | 23 Jul 2018 | 8 Years 3 Months | Current |
| Pawankumar Mittal Also directs: Aura Lifecare Private Limited | Director | 03 Jul 2024 | 2 Years 4 Months | Current |
| Kuldipkumar Dayaram Kaura Also directs: Radiance Renewables Private Limited, Satvik Karma Foundation | Director | 01 Jan 2024 | 2 Years 10 Months | Current |
| Maheep Jain Also directs: Excel Telesonic India Private Limited | Director | 11 Dec 2023 | 2 Years 11 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Tecso Charge Zone Limited is audited by B S R and Co for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R and Co | FY 2025 | 128510W |
Shareholding
The shareholding of Tecso Charge Zone 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 Tecso Charge Zone Limited, buy the company report.
Charges & borrowings
Open charges
₹250.86 Cr
Satisfied charges
₹12 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Apr 2026 | 101280401 | State Bank of India | ₹4.55 Cr | Open | |
| 03 Dec 2025 | 101206798 | State Bank of India | ₹6.79 Cr | Open | |
| 19 Nov 2024 | 101015568 | The Hongkong and Shanghai Banking Corporation Limited | ₹10 Cr | Open | |
| 07 Jun 2024 | 100935913 | Others | ₹150 Cr | Open | |
| 09 Oct 2023 | 100832672 | Hdfc Bank Limited | ₹30 Cr | Open |
To see the full charge records of Tecso Charge Zone Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Tecso Charge Zone Limited has 37 deals on record (19 funding rounds, 15 secondary share transfers, 2 rights issues), with disclosed funding of ₹422.21 Cr; the latest was in June 2024.
Total deals
37
Funding rounds
19
Secondary share transfers
15
Rights issues
2
Convertible or debt financing
1
Disclosed funding
₹422.21 Cr
Deals on record (5 of 37)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2023 | Funding round · Series B | ₹153.94 Cr | Investors: Macquarie Group, Capri Global, CD Equifinance Private Limited , an individual |
| Aug 2023 | Funding round | ₹5.81 Cr | Investors: Tecso Projects Limited |
| Oct 2022 | Funding round · Series A | ₹20.53 Cr | Investors: CD Equifinance Private Limited , 3 individuals |
| Oct 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Tecso Projects Limited |
| Sep 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Tecso Projects Limited |
To see the full deal history of Tecso Charge Zone Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Tecso Charge Zone Limited has 5 court cases on record: 3 filed by Tecso Charge Zone, 2 filed against it. 1 case is pending and 4 are disposed.
Total cases
5
Filed by the company
3
Filed against the company
2
Pending
1
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 2 | 1 |
Cases on record (3 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jaipur Metro II, Rajasthan | Civil miscellaneous application | Filed against the company by M/S Rajasthan Electronics and Instruments Ltd. | Disposed |
| District court, Jaipur Metro II, Rajasthan | Civil miscellaneous application | Filed by the company against M/S Rajasthan Electronics and Instruments Ltd. | Disposed |
| District court, Vadodara, Gujarat | Court case (SPCS) | Filed by the company against an individual | Pending |
To see the full case history of Tecso Charge Zone 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
Tecso Charge Zone Limited has 2 MSME Form 1 returns on record between 2023 and 2024, listing 10 overdue payments to 10 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 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Pruthvi Corporation | |||
| an individual supplier | |||
| S-Gen Energy and Infra Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Tecso Charge Zone Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Tecso Charge Zone Limited has a workforce of 181 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
181
Active EPFO establishments
1
Employee growth
27.5%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 181 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 |
To see the full employee and EPFO history of Tecso Charge Zone Limited, buy the company report.
GST
Tecso Charge Zone has 26 GST registrations: 25 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
26
Active
25
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCT8628J1ZY | Gujarat | Active | 31 Aug 2018 |
| 24AAGCT8628J2ZX | Gujarat | Active | 01 Apr 2025 |
| 27AAGCT8628J1ZS | Maharashtra | Active | 08 Sep 2021 |
| 07AAGCT8628J1ZU | Delhi | Active | 01 Feb 2022 |
To see the full GST registrations and return filing status of Tecso Charge Zone Limited, buy the company report.
Recent activity
Tecso Charge Zone Limited has 16 board changes on record since 2018: 8 appointments and 8 cessations. The latest: Manish Madhogaria was appointed as CFO on 02 Jun 2025.
Charges
A charge with State Bank Of India amounted to Rs. 4.55 Cr with Charge ID 101280401 was registered on 14 Apr 2026.
Charges
A charge with Hdfc Bank Limited of Rs. 30.00 Cr registered on 09 Oct 2023 with Charge ID 100832672 was modified on 02 Jan 2026.
Charges
A charge with State Bank Of India amounted to Rs. 6.79 Cr with Charge ID 101206798 was registered on 03 Dec 2025.
Charges
A charge registered on 12 Dec 2023 via Charge ID 100848319 with Others was fully satisfied on 02 Dec 2025.
AGM
Tecso Charge Zone Limited last Annual general meeting of members was held on 29 Nov 2025 as per latest MCA records.
Appointed
Manish Madhogaria was appointed as CFO.
Charges
A charge registered on 11 Mar 2022 via Charge ID 100560670 with Others was fully satisfied on 14 May 2025.
Filing
Tecso Charge Zone Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Priyadarshan Sureshchandra Bhatewara ceased to be CFO.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 10.00 Cr with Charge ID 101015568 was registered on 19 Nov 2024.
Ceased
Pawankumar Mittal ceased to be Additional Director.
Appointed
Pawankumar Mittal was appointed as Director.
18 earlier events are in the company report.
Frequently asked questions
Tecso Charge Zone is an active public limited company based in Vadodara, Gujarat, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 23 July 2018 (8+ years old) and is registered under CIN U40108GJ2018PLC103380.
Tecso Charge Zone has 7 current directors:
- Kartikey Babubhai Hariyani - Whole-Time Director
- Solomon James Proops - Director
- Kinnari Kartikey Hariyani - Director
- Pawankumar Mittal - Director
- Kuldipkumar Dayaram Kaura - Director
- Maheep Jain - Director
- Ravindra Mohan - Director
The latest financial statements of Tecso Charge Zone on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 November 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Tecso Charge Zone is 24AAGCT8628J1ZY, registered in Gujarat. The company has 26 GST registrations in all, of which 25 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAGCT8628J2ZX (Gujarat), 27AAGCT8628J1ZS (Maharashtra), 07AAGCT8628J1ZU (Delhi).
The CIN (Corporate Identification Number) of Tecso Charge Zone is U40108GJ2018PLC103380. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tecso Charge Zone has 5 court cases on record: 3 filed by the company and 2 filed against it. 1 is pending.
Tecso Charge Zone was incorporated on 23 July 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Tecso Charge Zone has 37 deals on record (19 funding rounds, 15 secondary share transfers, 2 rights issues), with disclosed funding of ₹422.21 Cr; the latest was in June 2024.
Manish Madhogaria was appointed as CFO on 02 Jun 2025. Priyadarshan Sureshchandra Bhatewara ceased to be CFO on 22 Feb 2025. Pawankumar Mittal ceased to be Additional Director on 29 Sep 2024. Tecso Charge Zone has 16 board changes on record in total.
Yes, Tecso Charge Zone is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Tecso Charge Zone has 2 MSME Form 1 returns on record between 2023 and 2024, listing 10 overdue payments to 10 micro and small suppliers. The latest return was filed on 29 Apr 2024.
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