About Wheelsemi Private Limited
Data last updated:
Wheelsemi Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 15 April 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U65900PN1997PTC174673. Its GSTIN is 27AABCV2621E1ZP (Maharashtra). The company holds 15 GST registrations, all of them active.
The company has an authorised share capital of ₹55.82 Cr and a paid-up capital of ₹50.11 Cr. It was formerly known as Varadnarayan Savings and Investment Company Private Limited. It is led by directors including Srinivas Kantheti (Managing Director) and Karunakaran Vadakkepat (Whole-Time Director).
Its last annual general meeting (AGM) was held on 18 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Pune, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹304.64 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net loss of ₹50.47 Cr (net margin -16.6%) and EBITDA of ₹91.77 Cr (EBITDA margin 30.1%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 42% over five years.
The company has about 1,848 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Bike Bazaar and WheelsEMI. As per MCA filings, the company has open charges of ₹920.14 Cr and satisfied charges of ₹1,285.71 Cr on record. Court records list 43 cases involving the company, including 32 filed by the company and 8 filed against it; 33 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website wheelsemi.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address3A Sham Shankuntal Heights Modi Baug Ganeshkhind Road Behind Deccan Wheels Showroom Shi, Vajinagar, Pune, Maharashtra, India – 411016
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
- 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
CIN History of Wheelsemi Private Limited
Wheelsemi has one previous CIN (Corporate Identification Number): U65900MH1997PTC107290. The current CIN is U65900PN1997PTC174673, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65900PN1997PTC174673 | Current |
| U65900MH1997PTC107290 | Previous |
Associated Brands with Wheelsemi Private Limited
Wheelsemi operates two associated brands: Bike Bazaar and WheelsEMI. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online platform for buying and selling two-wheelers | bikebazaar.com | |
| Two-wheeler loans are provided to customers across India. | wheelsemi.com |
Competitors & Alternatives of Wheelsemi Private Limited
Brands and companies operating in the same space as Wheelsemi Private Limited include Hinduja Leyland Finance, CreditWise Capital, Bajaj Auto Finance and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Hinduja Leyland Finance | Vehicle and housing finance products are offered across India. | Chennai, India | 2008 |
 CreditWise Capital | Provider of loans and vehicle-related services via digital platforms | Mumbai, India | 2018 |
 Bajaj Auto Finance | Auto finance loans are provided for two-wheelers, three-wheelers, and cars. | Pune, India | 1987 |
 OTO | Two-wheeler loans are provided via a fintech platform for purchases. | Bengaluru, India | 2018 |
 Mahaveer Finance India | Automotive loans and asset finance services are offered to clients. | Chennai, India | 1981 |
 Kogta Financial India | MSME loans, vehicle financing, and property-secured loans are provided. | Jaipur, India | 1996 |
 Arman Financial Services | Auto loans are provided through financial services in India. | Ahmedabad, India | 1992 |
 Mufin Green Finance | Consumer and SME loans are provided in India. | Delhi, India | 2016 |
 Kanakadurga Finance | Vehicle loans and gold loans are provided by Kanakadurga Finance. | Vijayawada, India | 1994 |
 Automony | Loans for cars and trucks are provided via digital lending. | Mumbai, India | 2017 |
Business Activity of Wheelsemi Private Limited
The main business activity of Wheelsemi is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial 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.
Auditor Details of Wheelsemi Private Limited
Wheelsemi Private Limited is audited by Varma and Varma Chartered Accountants for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Varma and Varma Chartered Accountants | 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 Wheelsemi Private Limited
Wheelsemi has 7 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srinivas Kantheti | Managing Director | 22 Feb 2017 | 9 Years 7 Months | Current |
| Karunakaran Vadakkepat | Whole-Time Director | 22 Feb 2017 | 9 Years 7 Months | Current |
| Milind Shripad Sarwate Also directs: Increate Value Advisors LLP, Increate Social Value Advisors & Resourcers LLP, Asian Paints Limited and 5 more | Director | 19 May 2017 | 9 Years 4 Months | Current |
| Aditya Deepak Parekh | Nominee Director | 08 Feb 2019 | 7 Years 7 Months | Current |
| Dilip Moreshwar Apte Also directs: Regreen-Excel Epc India Limited | Director | 31 Jul 2020 | 6 Years 2 Months | Current |
| Christina Stefanie Juhasz | Nominee Director | 17 Oct 2022 | 3 Years 11 Months | Current |
Financials of Wheelsemi Private Limited FY 2025 filings available
Wheelsemi Private Limited reported revenue of ₹304.64 Cr (up 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Wheelsemi Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 42% over five years, including 19% growth in the latest year. EBITDA rose 84% 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 Wheelsemi Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹91.77 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹50.47 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Wheelsemi Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 30.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -16.6% | •••• | •••• | •••• | •••• |
| 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 Wheelsemi are in the company report.
Financial statements from 2015
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.
Ownership and Shareholding of Wheelsemi 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.
Group Structure of Wheelsemi Private Limited
Wheelsemi has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Blubird Auto Trade Private Limited | U50100PN2019PTC183807 | Locked |
Showing major subsidiaries. Total: 1.
Charges & Borrowings of Wheelsemi Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Sep 2025 | Others | ₹10 Cr | Open |
| 21 Jul 2025 | Others | ₹10 Cr | Open |
| 30 Jun 2025 | Others | ₹25 Cr | Open |
| 24 Jun 2025 | Others | ₹15 Cr | Open |
| 23 Jun 2025 | Others | ₹85.65 Cr | Open |
Total charge records: 176 View all charges
Employees and EPFO Compliance at Wheelsemi Private Limited
Wheelsemi Private Limited has a workforce of 1,848 employees as of Sep 22, 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.
GST Compliance of Wheelsemi Private Limited
Wheelsemi has 15 GST registrations: 15 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCV2621E1ZP | Maharashtra | Active | 01 Jul 2017 |
| 33AABCV2621E1ZW | Tamil Nadu | Active | 01 Jul 2017 |
| 29AABCV2621E1ZL | Karnataka | Active | 10 Aug 2017 |
| 36AABCV2621E1ZQ | Telangana | Active | 07 Nov 2017 |
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.
Legal Cases of Wheelsemi Private Limited
Wheelsemi Private Limited has 43 court cases on record: 32 filed by Wheelsemi, 8 filed against it, 3 where it is another party. 33 cases are pending and 10 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 39 | 7 | 31 |
| High courts | 4 | 1 | 2 |
Cases on record (5 of 43)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Indore, Madhya Pradesh | Court case (MJC R) | Filed by the company against an individual | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Ayodhya, Uttar Pradesh | Civil suit | Filed against the company by an individual | Pending |
| District court, Pune, Maharashtra | Criminal miscellaneous application | Filed against the company by an individual | Pending |
| District court, Pune, Maharashtra | Court case (Civil M.A.) | Filed by the company against an individual | Pending |
Full case history
All 43 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.
Credit Ratings, Litigation & Regulatory Alerts for Wheelsemi 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 Wheelsemi 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 Wheelsemi 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.
MCA Filings & Documents of Wheelsemi 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.
Recent Activity on Wheelsemi Private Limited
Frequently Asked Questions about Wheelsemi Private Limited
Wheelsemi is an active private limited company based in Pune, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 15 April 1997 (29+ years old) and is registered under CIN U65900PN1997PTC174673.
Wheelsemi reported revenue of ₹304.64 Cr for FY 2025 (up 19% YoY).
Wheelsemi has 7 current directors:
- Srinivas Kantheti - Managing Director
- Karunakaran Vadakkepat - Whole-Time Director
- Milind Shripad Sarwate - Director
- Aditya Deepak Parekh - Nominee Director
- Dilip Moreshwar Apte - Director
- Christina Stefanie Juhasz - Nominee Director
- Shikha Gupta - Nominee Director
Wheelsemi reported a net loss of ₹50.47 Cr (net margin -16.6%) and EBITDA of ₹91.77 Cr (EBITDA margin 30.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Wheelsemi is 26% over three years and 42% over five years. In the latest year (FY 2025) revenue rose 19%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Wheelsemi is 27AABCV2621E1ZP, registered in Maharashtra. The company has 15 GST registrations in all, of which 15 are active. Other active GSTINs include 33AABCV2621E1ZW (Tamil Nadu), 29AABCV2621E1ZL (Karnataka), 36AABCV2621E1ZQ (Telangana).
The CIN (Corporate Identification Number) of Wheelsemi is U65900PN1997PTC174673. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wheelsemi has 43 court cases on record: 32 filed by the company and 8 filed against it. 33 are pending. Most are in the district courts.
Wheelsemi was incorporated on 15 April 1997, making it 29+ years old. It is registered with the Registrar of Companies, Pune.