- #618 Kushal Subbayya Hegde & family ₹5,400 Cr

About Waterloo Motors Private Limited
Data last updated:
Waterloo Motors Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the financial holding companies segment of the financial services sector. It was incorporated on 05 February 1999 and has been in existence for over 27 years.
Its director Kushal Subbayya Hegde and family are #618 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U42900PN1999PTC013304. Its GSTIN is 27AAACW2664B1ZK (Maharashtra).
The company has an authorised share capital of ₹51 Lakh and a paid-up capital of ₹48.41 Lakh. It is led by directors including Kushal Subbayya Hegde (Managing Director) and Rohit Kushal Hegde (Managing Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 461/2 Sadashiv Pethtilak Road, Pune, Maharashtra, India – 411030.
As per the financials filed for FY 2024, the company reported a revenue of ₹15.05 Cr, a decline of 87% compared to the previous year. For the same year it recorded a net profit of ₹5.94 Cr (net margin 39.4%) and EBITDA of ₹5.95 Cr (EBITDA margin 39.6%). Revenue has declined at a compounded annual rate (CAGR) of 30% over three years and 14% over five years.
The company is associated with 1 brand: KSH Infra. As per MCA filings, the company has open charges of ₹150 Cr and satisfied charges of ₹135.97 Cr on record. Court records list 6 cases involving the company, including 6 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website waterloomotors.co.in.
Company details
CIN history
Waterloo Motors has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U42900PN1999PTC013304, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U42900PN1999PTC013304 | Current |
| L31909PN1999PTC013304 | Previous |
| U31909PN1999PTC013304 | Previous |
| U43900PN1999PTC013304 | Previous |
Recognitions & Rankings of Waterloo Motors
Contact details
Waterloo Motors Private Limited's registered office is in Pune, Maharashtra.
- Registered Address461/2 Sadashiv Pethtilak Road, Pune, Maharashtra, India – 411030
- IndustryFinancial Services, Financial Holding Companies
- 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
Brands
Waterloo Motors operates one associated brand: KSH Infra. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Warehousing, logistics, and industrial infrastructure development services are provided. | kshinfra.com |
Business activity
The main business activity of Waterloo Motors 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 Waterloo Motors Private Limited, buy the company report.
Financials of Waterloo Motors Private Limited
FY 2024 filings availableWaterloo Motors Private Limited reported revenue of ₹15.05 Cr (down 87% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 14% over five years, including a 87% fall in the latest year. EBITDA fell 95% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹5.95 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.94 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 39.6% | ||||
| Net Profit Margin | 39.4% | ||||
| 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 Waterloo Motors Private Limited, buy the company report.
Board of directors of Waterloo Motors Private Limited
Waterloo Motors has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Peer comparison
Waterloo Motors Private Limited is compared with the 4 companies closest to it by revenue in the Automobiles industry (Auto and Components Dealers, Engineering Procurement and Construction, Holding Company), 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 |
|---|---|---|---|---|---|---|
| Harmeet Cars Private Limited | ₹15.08 Cr (FY 2024) | -28.0% | Kota, Rajasthan, India | |||
| Aadit Motors Private Limited | ₹15.08 Cr (FY 2025) | -34.0% | Karnal, Haryana, India | |||
| Sharief Automotive Private Limited | ₹15.08 Cr (FY 2024) | 34.0% | Mangalore, Karnataka, India | |||
| Waterloo Motors Private Limitedthis company | ₹15.05 Cr (FY 2024) | ₹5.94 Cr | 39.4% | -87.0% | Pune, Maharashtra, India | |
| Autobahn Motors Srinagar Private Limited | ₹15.05 Cr (FY 2015) | Jammu, Jammu and Kashmir, India |
To see the full peer comparison of Waterloo Motors Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jul 2024 | 100982064 | Others | ₹97.5 Cr | Open | |
| 30 Jul 2024 | 100982066 | Others | ₹52.5 Cr | Open | |
| 30 Aug 2019 | 100290341 | Others | ₹135 Cr | Satisfied | |
| 02 Jul 1999 | 90090971 | State Bank of India | ₹97 Lakh | Satisfied |
To see the full charge records of Waterloo Motors Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Waterloo Motors Private Limited has 6 court cases on record: 6 filed by Waterloo Motors. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CSD) | Filed by the company against an individual | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Waterloo Motors 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 Waterloo Motors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Waterloo Motors has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACW2664B1ZK | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Waterloo Motors Private Limited, buy the company report.
Recent activity
Waterloo Motors Private Limited has 12 board changes on record since 1999: 6 appointments and 6 cessations. The latest: Pushpa Kushal Hegde ceased to be Director on 31 Mar 2023.
12 earlier events are in the company report.
Frequently asked questions
Waterloo Motors is an active private limited company based in Pune, Maharashtra, India. The company works in financial holding companies, within the financial services industry. It was incorporated on 05 February 1999 (27+ years old) and is registered under CIN U42900PN1999PTC013304.
Waterloo Motors has 6 current directors:
- Kushal Subbayya Hegde - Managing Director
- Rohit Kushal Hegde - Managing Director
- Pushpa Kushal Hegde - Whole-Time Director
- Rajesh Kushal Hegde - Whole-Time Director
- Sangeeta Ramprasad Rai - Director
- Rakhi Girija Shetty - Director
The latest financial statements of Waterloo Motors on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Waterloo Motors is 27AAACW2664B1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Waterloo Motors is U42900PN1999PTC013304. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Waterloo Motors has 6 court cases on record: 6 filed by the company. Most are in the district courts.
Waterloo Motors was incorporated on 05 February 1999, making it 27+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Waterloo Motors by revenue are Harmeet Cars Private Limited, Aadit Motors Private Limited, Sharief Automotive Private Limited, Autobahn Motors Srinagar Private Limited, all in the Automobiles industry (Auto and Components Dealers, Engineering Procurement and Construction, Holding Company), with the same principal business activity (retail trading).
Pushpa Kushal Hegde ceased to be Director on 31 Mar 2023. Rajesh Kushal Hegde ceased to be Director on 31 Mar 2023. Kushal Subbayya Hegde ceased to be Director on 14 Jun 2021. Waterloo Motors has 12 board changes on record in total.
Waterloo Motors can be reached through the website waterloomotors.co.in. Its registered office is in Pune, Maharashtra, India.
The registered office of Waterloo Motors is at 4612 Sadashiv Pethtilak Road, Pune, Maharashtra, India – 411030.

