India's Richest People 2026 edition · 1 director · Source: Hurun India
- #793 Pankaj Munjal & family ₹3,900 Cr
Ut Bikes Private Limited
Ut Bikes Private Limited - transportation in Punjab, India. FY 2026 financials & compliance.
Active Private Limited Company transportation
Revenue · FY 2025
₹25.74 Lakh
▲ 15% YoY
Net loss · FY 2025
₹4.32 Lakh
Net margin -16.8%
EBITDA · FY 2025
-₹4.31 Lakh
EBITDA margin -16.8%
Authorised capital
₹8.1 Cr
Registered with MCA
Paid-up capital
₹8.06 Cr
Issued & subscribed
Satisfied charges
₹6.5 Cr
No open charges
Company age
38 yrs
Est. 1988
Directors on board
3
As per MCA filings
About Ut Bikes Private Limited
Data last updated:
Ut Bikes Private Limited is a private limited company based in Punjab, India, a subsidiary of Hero Cycles Limited. It operates in the bicycle segment of the transportation sector. It was incorporated on 03 August 1988 and has been in existence for over 38 years.
Its director Pankaj Munjal and family are #793 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U35920PB1988PTC008589. Its GSTIN is 03AACCR5429F1ZO (Punjab). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹8.1 Cr and a paid-up capital of ₹8.06 Cr. It was formerly known as Roma Investments P Ltd and Roma Investments Ltd. It is led by directors including Pawan Puri and Pankaj Munjal.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Hero Nagarg T Road Ludhiana, Punjab, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹25.74 Lakh, a growth of 15% compared to the previous year. For the same year it recorded a net loss of ₹4.32 Lakh (net margin -16.8%) and EBITDA of -₹4.31 Lakh (EBITDA margin -16.8%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years and 7% over five years.
As per MCA filings, the company has satisfied charges of ₹6.5 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 2 cases are pending. The company has 5 deals on record (3 secondary share transfers, 1 rights issue, 1 acquisition); the latest was in November 2015. Its 10 peer companies in the Automobiles industry (Auto and Components Dealers) are compared by revenue, 5 larger and 5 smaller; the largest is Autocesta India Private Limited with revenue of ₹26.01 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U35920PB1988PTC008589
Registration Number 008589
Incorporation Date 03 August 1988
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Hero Cycles Limited
Compliance Status Active Compliant
Name history
Ut Bikes has undergone 4 name changes throughout its history. The current legal name is Ut Bikes Private Limited.
| Company Name | Status |
|---|---|
| Ut Bikes Private Limited | Current |
| Roma Investments P Ltd | Previous |
| Roma Investments Ltd | Previous |
| Roma Cycle Manufacturing Company Private Limited | Previous |
| Urban Trail Cycles Limited | Previous |
CIN history
Ut Bikes has one previous CIN (Corporate Identification Number): U35920PB1988PLC008589. The current CIN is U35920PB1988PTC008589, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35920PB1988PTC008589 | Current |
| U35920PB1988PLC008589 | Previous |
Recognitions & Rankings of Ut Bikes
Contact details
Ut Bikes Private Limited's registered office is in Punjab. Its e-mail address is in the company report.
- Email
- Registered AddressHero Nagarg T Road Ludhiana, Punjab, India
- IndustryTransportation, Bicycle, Manufacturing, Invalid Carriages Manufacturing, Transport Equipment
To see the full contact details of Ut Bikes Private Limited, buy the company report.
Comprehensive company report
Ut Bikes Private 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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Financials of Ut Bikes Private Limited
FY 2025 filings availableUt Bikes Private Limited reported revenue of ₹25.74 Lakh (up 15% YoY) for FY 2025.
Revenue · FY 2025
₹25.74 Lakh ▲ 15%
Net loss · FY 2025
₹4.32 Lakh margin -16.8%
EBITDA · FY 2025
-₹4.31 Lakh margin -16.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 15%
3 years · compounded
▲ 22%
5 years · compounded
▼ 7%
EBITDA CAGR growth
1 year
▼ 122%
3 years · compounded
▲ 38%
5 years · compounded
▼ 19%
Revenue rose 15% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA fell 122% 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
| 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 | -₹4.31 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.32 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -16.8% | ||||
| Net Profit Margin | -16.8% | ||||
| 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 Ut Bikes Private Limited, buy the company report.
Board of directors of Ut Bikes Private Limited
Ut Bikes has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pawan Puri | Director | 05 May 2017 | 9 Years 5 Months | Current |
| Pankaj Munjal Also directs: Hero Motors Limited, Munjal Kiriu Industries Private Limited, ZF Hero Chassis Systems Private Limited and 5 more | Director | 15 May 2010 | 16 Years 5 Months | Current |
| Aditya Munjal Also directs: Hero Cycles Limited, HMC E-Valley Private Limited, Firefox Bikes Private Limited and 5 more | Director | 25 Jun 2012 | 14 Years 3 Months | Current |
Peer comparison
Ut Bikes Private Limited is compared with the 10 companies closest to it by revenue in the Automobiles industry (Auto and Components Dealers), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Autocesta India Private Limited | ₹26.01 Lakh (FY 2025) | -9.0% | Pune, Maharashtra, India | |||
| Marvelous Fleet Services Private Limited | ₹25.98 Lakh (FY 2024) | -36.0% | Thane, Maharashtra, India | |||
| Goodwill Automobiles Private Limited | ₹25.88 Lakh (FY 2024) | -23.0% | C Scheme Jaipur, Rajasthan, India | |||
| HK Auto World Private Limited | ₹25.83 Lakh (FY 2024) | -78.0% | Srinagar, Jammu and Kashmir, India | |||
| Indian Auto Rayons Pvt Ltd. | ₹25.76 Lakh (FY 2025) | 18.0% | Howrah, West Bengal, India | |||
| Ut Bikes Private Limitedthis company | ₹25.74 Lakh (FY 2025) | -₹4.32 Lakh | -16.8% | 15.0% | Punjab, India | |
| Rajdeep Autowheels Private Limited | ₹25.67 Lakh (FY 2024) | -40.0% | Ajmer, Rajasthan, India | |||
| Asphalt Autotech Private Limited | ₹25.66 Lakh (FY 2021) | 28.0% | Mumbai, Maharashtra, India | |||
| Green Velocity Private Limited | ₹25.59 Lakh (FY 2024) | 45.0% | Ahmedabad, Gujarat, India | |||
| Kara Automotive Components Private Limited | ₹25.51 Lakh (FY 2020) | 20.0% | Gurgaon, Haryana, India | |||
| Posh Motors Private Limited | ₹25.35 Lakh (FY 2024) | 34.0% | Mannarkkad, Kerala, India |
To see the full peer comparison of Ut Bikes Private Limited, buy the company report.
Auditor
Ut Bikes Private Limited is audited by B D BANSAL & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B D BANSAL & CO | FY 2021 | 000621N |
Shareholding
The shareholding of Ut Bikes Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ut Bikes Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹6.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Jul 2013 | 10435940 | Kotak Mahindra Bank Limited | ₹6.5 Cr | Satisfied |
To see the full charge records of Ut Bikes Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Ut Bikes Private Limited has 5 deals on record (3 secondary share transfers, 1 rights issue, 1 acquisition); the latest was in November 2015.
Total deals
5
Secondary share transfers
3
Rights issue
1
Acquisition
1
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2015 | Rights issue | ₹8 Cr | Investors: Hero Cycles Limited , an individual Seller: an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Hero Cycles Limited Seller: an individual |
| Jul 2012 | Acquisition | ₹5 Lakh | Buyer: an individual |
| Apr 2012 | Secondary share transfer | Undisclosed | Buyer: O.P Holdings, 3 individuals Seller: 2 individuals |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ut Bikes Private Limited has 2 court cases on record: 2 filed by Ut Bikes. All cases are pending.
Total cases
2
Filed by the company
2
Pending
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against M/S Luxmi Cycle Store | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Execution petition | Filed by the company against M/S Luxmi Cycle Store | Pending |
To see the full case history of Ut 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 Ut Bikes Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ut Bikes Private Limited has 1 active EPFO establishment as of Apr 09, 2024.
Active EPFO establishments
1
GST
Ut Bikes has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AACCR5429F1ZO | Punjab | Active | 01 Jul 2017 |
| 07AACCR5429F2ZF | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ut Bikes Private Limited, buy the company report.
Recent activity
Ut Bikes Private Limited has 11 board changes on record since 2010: 3 appointments and 8 cessations. The latest: Bharat Goel ceased to be Director on 27 Jun 2018.
AGM
Ut Bikes Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Ut Bikes Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge registered on 01 Jul 2013 via Charge ID 10435940 with Kotak Mahindra Bank Limited was fully satisfied on 09 Sep 2021.
Ceased
Bharat Goel ceased to be Director.
Ceased
Pawan Puri ceased to be Additional Director.
Ceased
Rohit Maheshwari ceased to be Director.
Appointed
Pawan Puri was appointed as Director.
Ceased
Anoop Singhal ceased to be Director.
Charges
A charge with Kotak Mahindra Bank Limited of Rs. 6.50 Cr registered on 01 Jul 2013 with Charge ID 10435940 was modified on 03 Aug 2015.
Ceased
Om Parkash Munjal ceased to be Director.
Charges
A charge with Kotak Mahindra Bank Limited amounted to Rs. 6.50 Cr with Charge ID 10435940 was registered on 01 Jul 2013.
Ceased
Aditya Munjal ceased to be Additional Director.
5 earlier events are in the company report.
Frequently asked questions
Ut Bikes is an active private limited company based in Punjab, India. The company works in bicycle, within the transportation industry. It was incorporated on 03 August 1988 (38+ years old) and is registered under CIN U35920PB1988PTC008589.
Ut Bikes has 3 current directors:
- Pawan Puri - Director
- Pankaj Munjal - Director
- Aditya Munjal - Director
The latest financial statements of Ut Bikes on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ut Bikes is 03AACCR5429F1ZO, registered in Punjab. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 07AACCR5429F2ZF (Delhi).
The CIN (Corporate Identification Number) of Ut Bikes is U35920PB1988PTC008589. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ut Bikes has 2 court cases on record: 2 filed by the company. 2 are pending.
Ut Bikes was incorporated on 03 August 1988, making it 38+ years old. It is registered with the Registrar of Companies, Chandigarh.
Ut Bikes has 5 deals on record (3 secondary share transfers, 1 rights issue, 1 acquisition); the latest was in November 2015.
The peers of Ut Bikes by revenue are Autocesta India Private Limited, Marvelous Fleet Services Private Limited, Goodwill Automobiles Private Limited, HK Auto World Private Limited, Indian Auto Rayons Pvt Ltd. and 5 more, all in the Automobiles industry (Auto and Components Dealers).
Bharat Goel ceased to be Director on 27 Jun 2018. Pawan Puri ceased to be Additional Director on 29 Sep 2017. Rohit Maheshwari ceased to be Director on 06 May 2017. Ut Bikes has 11 board changes on record in total.
The registered office of Ut Bikes is at Hero Nagarg T Road Ludhiana, Punjab, India.