Virtus Motors Private Limited

Virtus Motors Private Limited - automotive in Kalyan East, Maharashtra, India. FY 2026 financials and compliance.
CIN U74999MH2016PTC283663 Incorporated 14 July 2016 ROC Mumbai HQ Kalyan East, Maharashtra, India
Active Private Limited Company automotive
Data last updated
Revenue · FY 2023
₹39.69 Lakh
▼ 5.00% YoY
EBITDA · FY 2023
*****
▼ 2507.00% YoY
Net profit · FY 2023
*****
▼ 3879.00% YoY
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1.18 Lakh
Issued & subscribed
Open charges
None
Secured borrowings
Company age
10 yrs
Est. 2016
Last financials
Mar 2024
Balance sheet date

About Virtus Motors Private Limited

Data last updated: 23 December 2025

Virtus Motors Private Limited is a private limited company based in Kalyan East, Maharashtra, India, recognised as a startup by DPIIT. It specialises in electrical and bio fuel vehicles, a part of the broader automotive sector. Incorporated on 14 July 2016, the company has been in operation for over 10 years.

Registered with ROC Mumbai under CIN U74999MH2016PTC283663.

Capital: an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.18 Lakh. It is led by directors including Rishi Raaj Gupta and Vivek Obi Shettigar.

Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: Kalyan East, Maharashtra.

As per the financials filed for FY 2023, the company reported a revenue of ₹39.69 Lakh, a decline of 5% compared to the previous year.

The company is associated with 1 brand - Virtus Motors.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website virtusmotors.in.

Company Details of Virtus Motors Private Limited
CIN U74999MH2016PTC283663
Registration Number 283663
Incorporation Date 14 July 2016
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Key People
Rishi Raaj Gupta Director Vivek Obi Shettigar Director Siddhartha Kumar Gupta Director
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    virtusmotors.in
  • Social Media
  • Registered Address
    Rm – 003 Grd Flr Ravi Bldg – A1Lokgram Colonynr Kalyan Janta Sahakari Bank Nr Lok Kalyan Public, School, Kalyan East, Maharashtra, India – 421306
  • Industry
    Automotive, Electrical and Bio Fuel Vehicles
Company report
Virtus Motors Private Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Virtus Motors Private Limited in one report.

10-year financials Directors & ownership Charges & compliance

Associated Brands with Virtus Motors Private Limited

Virtus Motors Private Limited operates one associated brand: Virtus Motors. These brands represent Virtus Motors Private Limited's diversified market presence and brand portfolio.

Brand Description Website
Virtus Motors
Electric two-wheelers are manufactured with lithium batteries and advanced features. virtusmotors.in

Competitors & Alternatives of Virtus Motors Private Limited

Brands and companies operating in the same space as Virtus Motors Private Limited include EMotorad, eBik, Hornback and 6 more.

Competitor Description Location Founded
EMotorad EMotorad Electric bicycles and e-bikes are offered via an online platform. Pune, India, India 2020
eBik eBik Electric bicycles are manufactured with features for pedal-assisted riding. Delhi, India, India 2017
Hornback Hornback Foldable electric bicycles are provided by Hornback platform. Hyderabad, India, India 2022
Svitch Svitch Premium foldable electric bicycles and accessories are manufactured. Ahmedabad, India, India 2018
VAAN VAAN Electric bicycles with removable batteries are manufactured by VAAN. Kochi, India, India 2019
GHM GHM Electric bicycles are designed, manufactured, and sold by GHM. Hyderabad, India, India 2018
Hero Lectro Hero Lectro Offers electric bicycles, cargo e-bikes, and accessories for daily transportation. Gurugram, India, India 2020
Magnes Magnes Electric bicycles and vehicles are manufactured in Mumbai, India. Mumbai, India, India 2016
Austhraa Austhraa Electric bicycles are manufactured by Austhraa with advanced features. Visakhapatnam, India, India 2020

Business Activity of Virtus Motors Private Limited

Virtus Motors Private Limited is engaged in the principal business activity of manufacturing, with detailed activities including motor vehicles, trailers, semi trailers and other transport vehicles.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C11 Motor vehicles, trailers, semi trailers and other Transport Vehicles *********

Auditor Details of Virtus Motors Private Limited

Virtus Motors Private Limited is audited by Gollapelly & Co 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
Gollapelly & Co blur-value blur-value blur-value

Board of Directors of Virtus Motors Private Limited

Virtus Motors Private Limited is currently managed by 4 directors, with 3 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Rishi Raaj Gupta Director 10 Aug 2022 3 Years 11 Months Current
Vivek Obi Shettigar Director 14 Jul 2016 9 Years 11 Months Current
Siddhartha Kumar Gupta Director 30 Mar 2024 2 Years 3 Months Current
Tushaar Bajaj Director 14 Jul 2016 9 Years 11 Months Current
View all directors

Financials of Virtus Motors Private Limited FY 2024 filings available

Virtus Motors Private Limited reported revenue of ₹39.69 Lakh (down 5% YoY) for FY 2023. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue
₹39.69 Lakh ▼ -5%
Profit
***** ▼ -3879%
EBITDA
***** ▼ -2507%
Metrics
*****
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Revenue
Revenue from Operations
*****
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Revenue Growth %
*****
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Other Income
*****
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Total Revenue
*****
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Expenses
Total Expenses
*****
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Raw Material Cost
*****
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Change in Inventory FG
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Change in Inventory WIP
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Purchase of Traded Goods
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Employee Cost
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Managerial Remuneration
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Audit Fees
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Insurance
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Power & Fuel
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Interest
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Depreciation
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Other Expenses
*****
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Profitability
EBITDA (Operating Profit)
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Operating Margin %
*****
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Exceptional Items
*****
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Extraordinary Items
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Profit Before Exceptional & Extraordinary Items
*****
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Profit Before Tax
*****
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Tax & Net Profit
Tax Expense
*****
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Current Tax
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Deferred Tax
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Profit from Discontinued Operations
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Tax on Discontinued Operations
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Profit
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Net Margin %
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Metrics
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Shareholders' Funds
Total Shareholders' Funds
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Equity Capital
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Reserves & Surplus
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Money Against Warrants
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Other Equity
*****
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Non-Current Liabilities
Total Non-Current Liabilities
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Long-Term Borrowings
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Deferred Tax Liabilities
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Other Non-Current Liabilities
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Long-Term Provisions
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Current Liabilities
Total Current Liabilities
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Short-Term Borrowings
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Trade Payables
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Other Current Liabilities
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Short-Term Provisions
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Total Equity & Liabilities
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Non-Current Assets
Non-Current Assets
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Tangible Assets
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Intangible Assets
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Capital WIP
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Intangibles Under Dev
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Investments
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Deferred Tax Assets
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LT Loans & Advances
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Other Non-Current Assets
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Current Assets
Current Assets
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Current Investments
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Inventories
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Trade Receivables
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Cash & Bank Balance
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ST Loans & Advances
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Other Current Assets
*****
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Total Assets
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Metrics
*****
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Cash from Operating Activities (CFO)
Profit Before Tax
*****
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Non-Cash Adjustments
*****
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+ Interest Expense
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+ Depreciation
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+/- Unrealized Forex
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- Dividend Income
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- Interest Income
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+/- Other Non-Cash Items
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Changes in Working Capital
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+/- Inventory
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+/- Debtors
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+/- Creditors
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Reconciliation Adjustments
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Cash Generated from Operations
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Income Taxes Paid
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Net CFO (Cash from Operations)
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Cash from Investing Activities (CFI)
Acquisitions & Disposals
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Disposal of Subsidiaries
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Acquisition of Subsidiaries
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Capex
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Purchase of Fixed Assets
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Sale of Fixed Assets
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Other Investing Cash Flows
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Net CFI (Cash from Investing)
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Cash from Financing Activities (CFF)
Equity Issuance
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Debt Raised
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Debt Repaid
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Dividends Paid
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Interest Paid
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Net CFF (Cash from Financing)
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Net Cash Position
Net Change in Cash (Pre-Forex)
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Closing Cash & Equivalents
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Metrics
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Liquidity
Current Ratio
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Quick Ratio
*****
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Cash Ratio
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Efficiency
Inventory Days
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Debtor Days
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Creditor Days
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Cash Conversion Cycle
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Asset Turnover
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Profitability
Net Profit Margin %
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Operating Margin %
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ROE %
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ROCE %
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Net Worth Margin %
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Growth
Revenue Growth %
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Leverage
Equity Multiplier
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Debt / EBITDA
*****
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Solvency
D/E Ratio
*****
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ICR
*****
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*****

Consolidated Statements

Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.

Unlock Complete Financial History (FY 2015 – Latest)
Standalone & Consolidated - Income Statement, Balance Sheet, Cash Flow, Financial Ratios and Growth Trends with 10+ years of line-item data.
10+ years of data Line-item breakdown Balance Sheet detail Cash Flow analysis 20+ ratios & metrics Downloadable PDF

Shareholding Pattern of Virtus Motors Private Limited

As of FY 2023, Virtus Motors Private Limited's shareholding pattern shows 100.00% by promoters. The promoters hold a majority stake, indicating strong promoter control.

2025
YEAR
38.19% Promoters
25.22% DII (Domestic Institutional)
10.28% FII (Foreign Institutional)
25.89% Public
2.42% Others
Shareholding Trend
Year 2025
Promoters 33.19%
DII 23.22%
FII 18.28%
Public 22.89%
Others 2.42%

Charges & Borrowings Virtus Motors Private Limited

Virtus Motors Private Limited does not have any charges (loans) registered with the Registrar of Companies.

Employees and EPFO Compliance at Virtus Motors Private Limited

View historical data on people associated with Virtus Motors Private Limited, including employment history and EPFO contributions.

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Virtus Motors Private Limited

Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.

Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Virtus Motors Private Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Virtus Motors Private Limited

Access GSTIN registrations, state-wise filing compliance, HSN/SAC codes, and detailed goods & services data.

GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Virtus Motors Private Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Virtus Motors Private Limited

Access complete credit rating history, litigation records, regulatory alerts, and compliance data.

Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Virtus Motors Private Limited

MSME Payment Delays by Virtus Motors Private Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Virtus Motors Private Limited

Subsidiaries & Group Companies of Virtus Motors Private Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of Virtus Motors Private Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Virtus Motors Private Limited

MCA Filings & Documents of Virtus Motors Private Limited

Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.

Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Virtus Motors Private Limited

Activity
30 Sep 2024
Virtus Motors Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Activity
31 Mar 2024
Virtus Motors Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Directors
30 Mar 2024
Siddhartha Kumar Gupta was appointed as a Director on 30 Mar 2024 & has been associated with this company since 2 years 3 months.
Directors
10 Aug 2022
Rishi Raaj Gupta was appointed as a Director on 10 Aug 2022 & has been associated with this company since 3 years 11 months.
Directors
14 Jul 2016
Vivek Obi Shettigar was appointed as a Director on 14 Jul 2016 & has been associated with this company since 9 years 11 months.
Directors
14 Jul 2016
Tushaar Bajaj was appointed as a Director on 14 Jul 2016 & has been associated with this company since 9 years 11 months.

Recent News on Virtus Motors Private Limited

Frequently Asked Questions about Virtus Motors Private Limited

Virtus Motors Private Limited is an active private limited company in the automotive sector based in Kalyan East, Maharashtra, India. It was incorporated on 14 July 2016 (10+ years old) and is registered under CIN U74999MH2016PTC283663.

Virtus Motors Private Limited reported revenue of ₹39.69 Lakh for FY 2023 (down 5.00% YoY).

The current directors of Virtus Motors Private Limited are:

The primary industry of Virtus Motors Private Limited is automotive. The company specifically operates in electrical and bio fuel vehicles. The company is currently active in this sector.

Yes, Virtus Motors Private Limited is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

Virtus Motors Private Limited can be reached at the registered office: Rm – 003 Grd Flr Ravi Bldg – A1Lokgram Colonynr Kalyan Janta Sahakari Bank Nr Lok Kalyan Public, School, Kalyan East, Maharashtra, India – 421306, or through the website virtusmotors.in.

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