Thrust Motors Private Limited
About Thrust Motors Private Limited
Data last updated:
Thrust Motors Private Limited is a private limited company based in Amritsar, Punjab, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 30 December 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U34100PB2011PTC035806. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹99.89 Lakh. It is led by directors Harjit Singh Chadha and Jaswinder Singh.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at Chadha Group Near Veer Bhan Shivala Inside Ghee Mandi, Amritsar, Punjab, India – 143001.
As per the financials filed for FY 2015, the company reported a revenue of ₹10.73 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net loss of ₹21.83 Lakh (net margin -2%) and EBITDA of -₹2.05 Cr (EBITDA margin -19.1%).
As per MCA filings, the company has open charges of ₹6.25 Cr on record. Court records list 3 cases involving the company, including 3 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Thrust Motors Private Limited's registered office is in Amritsar, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressChadha Group Near Veer Bhan Shivala Inside Ghee Mandi, Amritsar, Punjab, India – 143001
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Thrust Motors Private Limited, 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
Financials of Thrust Motors Private Limited
FY 2015 filings availableThrust Motors Private Limited reported revenue of ₹10.73 Cr (down 5% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹10.73 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹2.05 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹21.83 Lakh |
| 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | -19.1% |
| Net Profit Margin | -2% |
| 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 Thrust Motors Private Limited, buy the company report.
Board of directors of Thrust Motors Private Limited
Thrust Motors has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harjit Singh Chadha Also directs: Isd Management Solutions LLP, Torque Cars Private Limited, Wavess Cars Private Limited and 1 more | Director | 30 Dec 2011 | 14 Years 9 Months | Current |
| Jaswinder Singh Also directs: Wavess Cars Private Limited, Torque Motor Cars Private Limited, CMT Super Bikes LLP and 1 more | Director | 24 Apr 2018 | 8 Years 5 Months | Current |
Auditor
Thrust Motors Private Limited is audited by V K UMAT & CO for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V K UMAT & CO | FY 2015 | 005017N |
Shareholding
The shareholding of Thrust Motors Private Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Thrust Motors Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Sep 2013 | 10454527 | State Bank of India | ₹5 Cr | Open | |
| 31 Aug 2013 | 10449657 | Punjab & Sind Bank | ₹1.25 Cr | Open |
To see the full charge records of Thrust Motors Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Thrust Motors Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Arbitration matter | Filed against the company by Fca India Automobiles Pvt. Ltd. | Disposed |
| District court, West, Delhi | Criminal case | Filed against the company by Punjab and Sind Bank | Disposed |
| District court, West, Delhi | Court case (Civ DJ) | Filed against the company by Rakesh Kapoor (HUF) | Disposed |
To see the full case history of Thrust 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Thrust Motors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Thrust Motors Private Limited has 1 active EPFO establishment as of Mar 30, 2024.
GST
Thrust Motors 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 Thrust Motors Private Limited, buy the company report.
Recent activity
Thrust Motors Private Limited has 4 board changes on record since 2011: 2 appointments and 2 cessations. The latest: Diljot Singh Chadha ceased to be Director on 24 Apr 2018.
Frequently asked questions
Thrust Motors is an active private limited company based in Amritsar, Punjab, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 30 December 2011 (15+ years old) and is registered under CIN U34100PB2011PTC035806.
Thrust Motors has 2 current directors:
- Harjit Singh Chadha - Director
- Jaswinder Singh - Director
The latest financial statements of Thrust Motors on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
No. Thrust Motors has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Thrust Motors is U34100PB2011PTC035806. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thrust Motors has 3 court cases on record: 3 filed against it. Most are in the district courts.
Thrust Motors was incorporated on 30 December 2011, making it 15+ years old. It is registered with the Registrar of Companies, Chandigarh.
Diljot Singh Chadha ceased to be Director on 24 Apr 2018. Jaswinder Singh was appointed as Director on 24 Apr 2018. Simran Kaur Chadha ceased to be Director on 06 Aug 2016. Thrust Motors has 4 board changes on record in total.
The registered office of Thrust Motors is at Chadha Group Near Veer Bhan Shivala Inside Ghee Mandi, Amritsar, Punjab, India – 143001.
Thrust Motors operates in the automotive industry, in the auto dealership and trading segment.