Wings EV Private Limited
About Wings EV Private Limited
Data last updated:
Wings EV Private Limited is a private limited company based in Indore, Madhya Pradesh, India, recognised as a startup by DPIIT. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 28 November 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U34101MP2018PTC047144. Its GSTIN is 23AACCW3217A1Z1 (Madhya Pradesh).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹79.19 Lakh. It is led by directors Pranav Dandekar and Prakash Dandekar.
Its last annual general meeting (AGM) was held on 15 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 234 Lokmanya Nagar Indore, Madhya Pradesh, India – 452009.
As per the financials filed for FY 2025, the company reported a revenue of ₹50,398, a decline of 90% compared to the previous year. For the same year it recorded a net loss of ₹9,602 (net margin -19.1%) and EBITDA of -₹9,602 (EBITDA margin -19.1%). Revenue has declined at a compounded annual rate (CAGR) of 81% over three years and 29% over five years.
The company is associated with 1 brand: Wings EV.
- EmailLocked
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- Registered Address234 Lokmanya Nagar Indore, Madhya Pradesh, India – 452009
- IndustryAutomotive, Electrical and Bio Fuel 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
Associated Brands with Wings EV Private Limited
Wings EV operates one associated brand: Wings EV. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electric microcars are manufactured by Wings EV in India. | wingsev.com |
Competitors & Alternatives of Wings EV Private Limited
Brands and companies operating in the same space as Wings EV Private Limited include Polestar, Beijing Che Lixing Information Technology, Fisker and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Polestar | Electric vehicles are manufactured and developed by Polestar. | Gothenburg, Sweden | 1996 |
 Beijing Che Lixing Information Technology | Electric SUVs are manufactured in Beijing, China. | Beijing, China | 2015 |
 Fisker | Electric vehicles are manufactured and leased by Fisker Inc. | Los Angeles, United States | 2007 |
 Tesla | Electric vehicles and solar energy products are manufactured. | Austin, United States | 2003 |
 NIO | AI-enabled electric vehicles and battery-swapping systems are developed by NIO. | Shanghai, China | 2014 |
 Sono Motors | Developer of a solar-powered electric car | Munich, Germany | 2013 |
 Mullen Technologies | Electric vehicles are manufactured with AI integration by Mullen Technologies. | La Habra, United States | 2012 |
 Segway-Ninebot | Multi-category electric vehicles and robots are manufactured by Segway-Ninebot. | Beijing, China | 2012 |
 NEVS | Electric autonomous cars are manufactured for urban mobility needs. | Trollhattan, Sweden | 2012 |
 WM Motor | Electric vehicles including SUVs and sedans are manufactured and sold. | Shanghai, China | 2015 |
Auditor Details of Wings EV Private Limited
Wings EV Private Limited is audited by V NAGDA & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V NAGDA & ASSOCIATES | 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 Wings EV Private Limited
Wings EV has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pranav Dandekar | Director | 17 Dec 2018 | 7 Years 9 Months | Current |
| Prakash Dandekar | Director | 28 Nov 2018 | 7 Years 10 Months | Current |
Financials of Wings EV Private Limited FY 2025 filings available
Wings EV Private Limited reported revenue of ₹50,398 (down 90% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Wings EV Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 29% over five years, including a 90% fall in the latest year. EBITDA fell 102% 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 Wings EV 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 | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
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| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹9,602 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹9,602 | •••• | •••• | •••• | •••• |
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| Share Capital | •••• | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Wings EV Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -19.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -19.1% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
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| 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 Wings EV are in the company report.
Financial statements from FY 2019
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 Wings EV 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 Wings EV Private Limited
Wings EV Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Wings EV Private Limited
Employment history and EPFO contributions of people linked to Wings EV.
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 Wings EV Private Limited
Wings EV has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AACCW3217A1Z1 | Madhya Pradesh | Active | 11 Feb 2019 |
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.
Credit Ratings, Litigation & Regulatory Alerts for Wings EV 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 Wings EV 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 Wings EV 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 Wings EV 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 Wings EV Private Limited
Frequently Asked Questions about Wings EV Private Limited
Wings EV is an active private limited company based in Indore, Madhya Pradesh, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 28 November 2018 (8+ years old) and is registered under CIN U34101MP2018PTC047144.
Wings EV reported revenue of ₹50,398 for FY 2025 (down 90% YoY).
Wings EV has 2 current directors:
- Pranav Dandekar - Director
- Prakash Dandekar - Director
Wings EV reported a net loss of ₹9,602 (net margin -19.1%) and EBITDA of -₹9,602 (EBITDA margin -19.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Wings EV is -81% over three years and -29% over five years. In the latest year (FY 2025) revenue fell 90%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Wings EV is 23AACCW3217A1Z1, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Wings EV is U34101MP2018PTC047144. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wings EV was incorporated on 28 November 2018, making it 8+ years old. It is registered with the Registrar of Companies, Gwalior.
Yes, Wings EV is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).