About Upgrid Electrilease Private Limited
Data last updated: 18 February 2026
Upgrid Electrilease Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Upgrid Solutions Private Limited and recognised as a startup by DPIIT. It specialises in equipment leasing and financing, a part of the broader financial services sector. Incorporated on 06 December 2021, the company has been in operation for over 5 years.
Registered with ROC Delhi under CIN U71290DL2021PTC390888.
Capital: an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Pulkit Khurana and Siddharth Sikka.
Last AGM: 29 August 2025. Financial statements filed for year ended 31 March 2025. Office: Innov8 Aerocity Asset – 5A, Jw Marriott Hotel Hospitality, New Delhi, Delhi, India – 110037.
As per the financials filed for FY 2025, the company reported a revenue of ₹234.57 Cr, a growth of 53% compared to the previous year.
It operates as a subsidiary of Upgrid Solutions Private Limited.
The company is associated with 1 brand - Battery Smart. As per MCA filings, the company has open charges of ₹1,716.84 Cr and satisfied charges of ₹283 Cr on record.
For more details, the company can be reached via its website batterysmart.in.
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Email*****@*****.com
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Telephone+91-****-******
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Website**************
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Social Media
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Registered AddressInnov8 Aerocity Asset – 5A, Jw Marriott Hotel Hospitality, New Delhi, Delhi, India – 110037
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IndustryFinancial Services, Equipment Leasing & Financing
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Upgrid Electrilease Private Limited
Upgrid Electrilease Private Limited operates one associated brand: Battery Smart. These brands represent Upgrid Electrilease Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Provider of EV battery-swapping network | batterysmart.in |
Competitors & Alternatives of Upgrid Electrilease Private Limited
Brands and companies operating in the same space as Upgrid Electrilease Private Limited include SUN Mobility, Batterypool, Esmito and 4 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
SUN Mobility
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Online platform for battery swapping solutions | Bengaluru, India, India | 2017 |
Batterypool
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Battery rental and swapping services for electric vehicles are offered. | Pune, India, India | 2018 |
Esmito
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Saas & IoT enabled battery management products and solutions for electric vehicles | Chennai, India, India | 2018 |
Mooving
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Battery swapping solutions are provided for electric vehicles in India. | Delhi, India, India | 2020 |
Enerjazz
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Battery swapping networks for commercial electric vehicles are operated. | Noida, India, India | 2018 |
Swapp Design
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Battery swapping solutions for EV charging station operators | Bengaluru, India, India | 2022 |
Electica
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AI-powered EV battery swapping infrastructure is provided. | Mandi, India, India | 2022 |
Business Activity of Upgrid Electrilease Private Limited
Upgrid Electrilease Private Limited is engaged in the principal business activity of support service to organizations, with detailed activities including rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities | ********* |
Auditor Details of Upgrid Electrilease Private Limited
Upgrid Electrilease Private Limited is audited by S. R BATLIBOI & CO. LLP 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 |
|---|---|---|---|
| S. R BATLIBOI & CO. LLP | blur-value | blur-value | blur-value |
Board of Directors of Upgrid Electrilease Private Limited
Upgrid Electrilease Private Limited is governed by 2 directors who oversee the company's operations and strategic decisions.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pulkit Khurana | Director | 06 Dec 2021 | 4 Years 7 Months | Current |
| Siddharth Sikka | Director | 06 Dec 2021 | 4 Years 7 Months | Current |
Financials of Upgrid Electrilease Private Limited FY 2025 filings available
Upgrid Electrilease Private Limited reported revenue of ₹234.57 Cr (up 53% YoY) for FY 2025. Profit growth despite declining revenue indicates effective cost management and margin discipline.
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Consolidated Statements
Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.
Shareholding Pattern of Upgrid Electrilease Private Limited
As of FY 2023, Upgrid Electrilease Private Limited's shareholding pattern shows 100.00% by promoters. The promoters hold a majority stake, indicating strong promoter control.
| Year | 2025 |
|---|---|
| Promoters | 33.19% |
| DII | 23.22% |
| FII | 18.28% |
| Public | 22.89% |
| Others | 2.42% |
Charges & Borrowings of Upgrid Electrilease Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Dec 2025 | Others | ₹669.39 Cr | Open |
| 24 Dec 2025 | Others | ₹20 Cr | Open |
| 18 Dec 2025 | Others | ₹20 Cr | Open |
| 27 Nov 2025 | Others | ₹35 Cr | Open |
| 31 Oct 2025 | Others | ₹40 Cr | Open |
Total charge records: 58 View all charges
Employees and EPFO Compliance at Upgrid Electrilease Private Limited
Upgrid Electrilease Private Limited has a workforce of 0 employees as of Apr 05, 2024.
Employee Count & EPFO Data of Upgrid Electrilease Private Limited
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GST Compliance of Upgrid Electrilease Private Limited
GSTIN & GST Filing Data of Upgrid Electrilease Private Limited
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Credit Ratings, Litigation & Regulatory Alerts for Upgrid Electrilease Private Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Upgrid Electrilease Private Limited
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MSME Payment Delays by Upgrid Electrilease Private Limited
MSME Payment Delays by Upgrid Electrilease Private Limited
Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.
Subsidiaries & Group Companies of Upgrid Electrilease Private Limited
Subsidiaries & Group Companies of Upgrid Electrilease Private Limited
See the full corporate group - holding company, subsidiaries, associates and joint ventures of Upgrid Electrilease Private Limited with ownership details.
MCA Filings & Documents of Upgrid Electrilease Private Limited
MCA Filings & Documents of Upgrid Electrilease Private Limited
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Recent Activity on Upgrid Electrilease Private Limited
Frequently Asked Questions about Upgrid Electrilease Private Limited
Upgrid Electrilease Private Limited is an active private limited company in the financial services sector based in New Delhi, Delhi, India. It was incorporated on 06 December 2021 (5+ years old) and is registered under CIN U71290DL2021PTC390888.
Upgrid Electrilease Private Limited reported revenue of ₹234.57 Cr for FY 2025 (up 53.00% YoY).
The current directors of Upgrid Electrilease Private Limited are:
The primary industry of Upgrid Electrilease Private Limited is financial services. The company specifically operates in equipment leasing and financing. The company is currently active in this sector.
Yes, Upgrid Electrilease Private Limited is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Upgrid Electrilease Private Limited can be reached at the registered office: Innov8 Aerocity Asset – 5A, Jw Marriott Hotel Hospitality, New Delhi, Delhi, India – 110037, or through the website batterysmart.in.