About Upgrid Solutions Private Limited
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Upgrid Solutions Private Limited is a private limited company based in New Delhi, Delhi, India, recognised as a startup by DPIIT. It operates in the capital goods segment of the automobiles sector. It was incorporated on 19 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U31904DL2019PTC357706. Its GSTIN is 07AACCU5197R1ZF (Delhi). The company holds 15 GST registrations, of which 14 are active.
The company has an authorised share capital of ₹1.83 Cr and a paid-up capital of ₹72.77 Lakh. It is led by directors including Pulkit Khurana and Siddharth Sikka.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Innov8 Aerocity Asset – 5A Aerocity, Jw Marriott Hotel Hospitality District Near Igi Airport, New Delhi, Delhi, India – 110037.
As per the financials filed for FY 2025, the company reported a revenue of ₹278.83 Cr, a growth of 49% compared to the previous year. For the same year it recorded a net loss of ₹272.67 Cr (net margin -97.8%) and EBITDA of -₹26.19 Cr (EBITDA margin -9.4%). Revenue has grown at a compounded annual rate (CAGR) of 218% over three years.
The company has about 270 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Popular auto battery center and Battery Smart. As per MCA filings, the company has satisfied charges of ₹24 Cr on record. Court records list 94 cases involving the company, including 83 filed by the company and 11 filed against it; 53 cases are pending. The company has 12 deals on record (9 funding rounds, 1 rights issue, 1 convertible or debt financing), with disclosed funding of ₹1,521.26 Cr; the latest was in April 2026. Its 10 peer companies in the Infrastructure industry (Infrastructure Services) are compared by revenue, 5 larger and 5 smaller; the largest is Avp Infracon Limited with revenue of ₹294.97 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website batterysmart.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered AddressInnov8 Aerocity Asset – 5A Aerocity, Jw Marriott Hotel Hospitality District Near Igi Airport, New Delhi, Delhi, India – 110037
- IndustryAutomobile, Capital Goods, Machinery, Renting, Equipment, Motor Vehicles
- 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
- One PDF report, delivered after checkout
Business Activity of Upgrid Solutions Private Limited
The main business activity of Upgrid Solutions is support service to organizations. In detail, this covers 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 | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Upgrid Solutions Private Limited FY 2025 filings available
Upgrid Solutions Private Limited reported revenue of ₹278.83 Cr (up 49% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Upgrid Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 218% over three years, including 49% growth in the latest year. EBITDA fell 144% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Upgrid Solutions Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹26.19 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹272.67 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 of Upgrid Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -9.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -97.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Upgrid Solutions are in the company report.
Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Upgrid Solutions Private Limited
Upgrid Solutions Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Infrastructure Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Avp Infracon Limited | ₹294.97 Cr (FY 2025) | •••• | •••• | 83.0% | •••• | Chennai, Tamil Nadu, India |
| Maharashtra Industrial Township Limited | ₹287.32 Cr (FY 2023) | •••• | •••• | 123.0% | •••• | Mumbai, Maharashtra, India |
| Panchshil Techpark Private Limited | ₹287.15 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Pune, Maharashtra, India |
| Tamilnadu Waterresourcesconservation & Riversrestorationcorporation Limited | ₹285.94 Cr (FY 2025) | •••• | •••• | 61.0% | •••• | Chennai, Tamil Nadu, India |
| Kakinada Sez Limited | ₹281.87 Cr (FY 2025) | •••• | •••• | 619.0% | •••• | Hyderabad, Telangana, India |
| Upgrid Solutions Private Limited this company | ₹278.83 Cr (FY 2025) | •••• | •••• | 49.0% | •••• | New Delhi, Delhi, India |
| Orris Infrastructure Private Limited | ₹275.75 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | New Delhi, Delhi, India |
| Montecarlo Jabalpur Smart Metering Private Limited | ₹275.18 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Ahmedabad, Gujarat, India |
| Shreesomnidhi Infrasolutions Private Limited | ₹266.58 Cr (FY 2025) | •••• | •••• | 340.0% | •••• | Pune, Maharashtra, India |
| N G Gadhiya Private Limited | ₹265.33 Cr (FY 2025) | •••• | •••• | -51.0% | •••• | Jaipur, Rajasthan, India |
| Quadron Business Park Private Limited | ₹264.15 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Upgrid Solutions by revenue in the Infrastructure industry (Infrastructure Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Upgrid Solutions Private Limited
Upgrid Solutions Private Limited is audited by S. R BATLIBOI & CO. LLP for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S. R BATLIBOI & CO. LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Upgrid Solutions Private Limited
Upgrid Solutions has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nakul Nitin Zaveri Also directs: Coltrane Advisors LLP, Fratelli Vineyards Limited, Rising Inclusion Advisors Private Limited and 1 more | Nominee Director | 13 Jun 2024 | 2 Years 3 Months | Current |
| Pulkit Khurana Also directs: Indus Partners LLP, Upgrid Growth Capital Private Limited, Upgrid Financial Technologies Private Limited and 1 more | Director | 19 Nov 2019 | 6 Years 10 Months | Current |
| Siddharth Sikka Also directs: Indus Partners LLP, Upgrid Growth Capital Private Limited, Upgrid Financial Technologies Private Limited and 1 more | Director | 19 Nov 2019 | 6 Years 10 Months | Current |
Ownership and Shareholding of Upgrid Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Upgrid Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Jun 2021 | Others | ₹24 Cr | Satisfied |
Total charge records: 1 View all charges
Deals & Funding of Upgrid Solutions Private Limited
Upgrid Solutions Private Limited has 12 deals on record (9 funding rounds, 1 rights issue, 1 convertible or debt financing), with disclosed funding of ₹1,521.26 Cr; the latest was in April 2026.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2026 | Debt financing | ₹141.63 Cr | Investors: Mirova Natural Capital (Althelia Ecosphere) |
| Mar 2026 | Funding round · Pre-Series C | Undisclosed | Investors: LeapFrog Investments, Blume Ventures, Panasonic Kurashi Visionary Fund |
| May 2025 | Funding round | ₹178.53 Cr | Investors: Rising Tide, responsAbility Investments, Ecosystem Integrity Fund |
| Jun 2024 | Funding round · Series B | ₹441.22 Cr | Investors: LeapFrog Investments, MUFG Ganesha Fund, British International Investment (CDC Group) |
| Nov 2021 | Funding round · Pre-Series A | ₹24.4 Cr | Investors: Blume Ventures, Orios Venture Partners, Shimshon Advisory Private Limited |
Full deal history
All 12 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Upgrid Solutions Private Limited
Upgrid Solutions Private Limited has 94 court cases on record: 83 filed by Upgrid Solutions, 11 filed against it. 53 cases are pending and 41 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 87 | 10 | 50 |
| High courts | 7 | 1 | 3 |
Cases on record (5 of 94)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, West, Delhi | Commercial suit | Filed by the company against Hybrid Fleet Management Private Limited | Disposed |
| District court, South, Delhi | Commercial suit | Filed against the company by an individual | Pending |
| District court, Jaipur Metro I, Rajasthan | Court case (Complaint) | Filed by the company against an individual | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed by the company against an individual | Pending |
Full case history
All 94 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Upgrid Solutions Private Limited
Upgrid Solutions operates two associated brands: Popular auto battery center and Battery Smart. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manages an e-commerce store specializing in automotive spare parts. | popularautobatterycenter.co.in | |
| Provider of EV battery-swapping network | batterysmart.in |
Employees and EPFO Compliance at Upgrid Solutions Private Limited
Upgrid Solutions Private Limited has a workforce of 270 employees as of Aug 07, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Upgrid Solutions Private Limited
Upgrid Solutions has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Upgrid Electrilease Private Limited | U71290DL2021PTC390888 | Locked |
Showing major subsidiaries. Total: 1.
News related to Upgrid Solutions Private Limited
Recent Activity on Upgrid Solutions Private Limited
Upgrid Solutions Private Limited has 4 board changes on record since 2019: 3 appointments and 1 cessation. The latest: Nakul Nitin Zaveri was appointed as Nominee Director on 13 Jun 2024.
Credit Ratings, Litigation & Regulatory Alerts for Upgrid Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Upgrid Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Upgrid Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Upgrid Solutions Private Limited
Upgrid Solutions has 15 GST registrations: 14 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCU5197R1ZF | Delhi | Active | 01 Dec 2019 |
| 06AACCU5197R1ZH | Haryana | Active | 24 Jun 2021 |
| 09AACCU5197R1ZB | Uttar Pradesh | Active | 24 Aug 2022 |
| 08AACCU5197R1ZD | Rajasthan | Active | 01 Oct 2022 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Upgrid Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Upgrid Solutions Private Limited
Upgrid Solutions is an active private limited company based in New Delhi, Delhi, India. The company works in capital goods, within the automobile industry. It was incorporated on 19 November 2019 (7+ years old) and is registered under CIN U31904DL2019PTC357706.
Upgrid Solutions reported revenue of ₹278.83 Cr for FY 2025 (up 49% YoY).
Upgrid Solutions has 3 current directors:
- Nakul Nitin Zaveri - Nominee Director
- Pulkit Khurana - Director
- Siddharth Sikka - Director
Upgrid Solutions reported a net loss of ₹272.67 Cr (net margin -97.8%) and EBITDA of -₹26.19 Cr (EBITDA margin -9.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Upgrid Solutions is 218% over three years. In the latest year (FY 2025) revenue rose 49%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Upgrid Solutions is 07AACCU5197R1ZF, registered in Delhi. The company has 15 GST registrations in all, of which 14 are active and 1 is cancelled or inactive. Other active GSTINs include 06AACCU5197R1ZH (Haryana), 09AACCU5197R1ZB (Uttar Pradesh), 08AACCU5197R1ZD (Rajasthan).
The CIN (Corporate Identification Number) of Upgrid Solutions is U31904DL2019PTC357706. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Upgrid Solutions has 94 court cases on record: 83 filed by the company and 11 filed against it. 53 are pending. Most are in the district courts.
Upgrid Solutions was incorporated on 19 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Delhi.
Upgrid Solutions has 12 deals on record (9 funding rounds, 1 rights issue, 1 convertible or debt financing), with disclosed funding of ₹1,521.26 Cr; the latest was in April 2026.
The peers of Upgrid Solutions by revenue are Avp Infracon Limited, Maharashtra Industrial Township Limited, Panchshil Techpark Private Limited, Tamilnadu Waterresourcesconservation & Riversrestorationcorporation Limited, Kakinada Sez Limited and 5 more, all in the Infrastructure industry (Infrastructure Services).