Torque Bikes Private Limited
About Torque Bikes Private Limited
Data last updated:
Torque Bikes 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 08 January 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U50100PB2013PTC037018. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹24 Lakh and a paid-up capital of ₹1.5 Lakh. It is led by directors including Jaswinder Singh and Diljot Singh Chadha.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. 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 2016, the company reported a revenue of ₹3.73 Cr, a growth of 115% compared to the previous year. For the same year it recorded a net loss of ₹17.6 Lakh (net margin -4.7%) and EBITDA of -₹4.05 Lakh (EBITDA margin -1.1%).
As per MCA filings, the company has satisfied charges of ₹75 Lakh on record. Court records list 13 cases involving the company, including 7 filed by the company and 6 filed against it; 2 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Torque Bikes Private Limited's registered office is in Amritsar, Punjab. Its e-mail address is in the company report.
- Email
- 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 Torque Bikes 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
Business activity
The main business activity of Torque Bikes is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Torque Bikes Private Limited, buy the company report.
Financials of Torque Bikes Private Limited
FY 2016 filings availableTorque Bikes Private Limited reported revenue of ₹3.73 Cr (up 115% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 115% in the latest year. EBITDA fell 190% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹3.73 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹4.05 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹17.6 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -1.1% | |
| Net Profit Margin | -4.7% | |
| 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 Torque Bikes Private Limited, buy the company report.
Board of directors of Torque Bikes Private Limited
Torque Bikes has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jaswinder Singh Also directs: CMT Super Bikes LLP, Thrust Motors Private Limited, Wavess Cars Private Limited and 1 more | Director | 13 Apr 2017 | 9 Years 6 Months | Current |
| Diljot Singh Chadha Also directs: Will-O-The-Wisp Cafe LLP, Isd Infrastructure LLP, Das Automotive Services LLP and 3 more | Director | 08 Jan 2013 | 13 Years 9 Months | Current |
| Gurvansh Singh Chadha | Director | 08 Jul 2017 | 9 Years 3 Months | Current |
Peer comparison
Torque Bikes Private Limited is compared with the 3 companies closest to it by revenue in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Alen Axom Private Limited | ₹3.73 Cr (FY 2024) | 30.0% | Jogighopa, Assam, India | |||
| Torque Bikes Private Limitedthis company | ₹3.73 Cr (FY 2016) | -₹17.6 Lakh | -4.7% | 115.0% | Amritsar, Punjab, India | |
| Patel Auto Services Private Ltd | ₹3.73 Cr (FY 2025) | -14.0% | Delhi, India | |||
| Shree Ambica Technotech Private Limited | ₹3.72 Cr (FY 2023) | -62.0% | Ankleshwar, Gujarat, India |
To see the full peer comparison of Torque Bikes Private Limited, buy the company report.
Auditor
Torque Bikes Private Limited is audited by Agrawal Chadha & Associates for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Agrawal Chadha & Associates | FY 2016 | 080515 |
Shareholding
The shareholding of Torque Bikes Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Torque Bikes Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jul 2015 | 10615331 | Yes Bank Limited | ₹75 Lakh | Satisfied |
To see the full charge records of Torque Bikes Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Torque Bikes Private Limited has 13 court cases on record: 7 filed by Torque Bikes, 6 filed against it. 2 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 5 | 2 |
| High courts | 4 | 1 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed against the company by Cepco Industries Pvt Ltd | Disposed |
| District court, Amritsar, Punjab | Civil suit | Filed by the company against an individual | Pending |
| District court, Central, Delhi | Criminal case | Filed against the company by an individual | Pending |
| District court, West, Delhi | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| High Court, PUNJAB | Revision petition | Filed by the company against India Yamaha Motors P Limited | Disposed |
To see the full case history of Torque Bikes 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 Torque Bikes Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Torque Bikes 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 Torque Bikes Private Limited, buy the company report.
Recent activity
Torque Bikes Private Limited has 6 board changes on record since 2013: 3 appointments and 3 cessations. The latest: Gurvansh Singh Chadha was appointed as Director on 08 Jul 2017.
Frequently asked questions
Torque Bikes 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 08 January 2013 (13+ years old) and is registered under CIN U50100PB2013PTC037018.
Torque Bikes has 3 current directors:
- Jaswinder Singh - Director
- Diljot Singh Chadha - Director
- Gurvansh Singh Chadha - Director
The latest financial statements of Torque Bikes on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Torque Bikes has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Torque Bikes is U50100PB2013PTC037018. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Torque Bikes has 13 court cases on record: 7 filed by the company and 6 filed against it. 2 are pending. Most are in the district courts.
Torque Bikes was incorporated on 08 January 2013, making it 13+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Torque Bikes by revenue are Alen Axom Private Limited, Patel Auto Services Private Ltd, Shree Ambica Technotech Private Limited, all in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading).
Gurvansh Singh Chadha was appointed as Director on 08 Jul 2017. Harjit Singh Chadha ceased to be Director on 13 Apr 2017. Jaswinder Singh was appointed as Director on 13 Apr 2017. Torque Bikes has 6 board changes on record in total.
The registered office of Torque Bikes is at Chadha Group Near Veer Bhan Shivala Inside Ghee Mandi, Amritsar, Punjab, India – 143001.
Torque Bikes operates in the automotive industry, in the auto dealership and trading segment.