Advance Wheelcare Private Limited

Authorized dealer of MRF tires and other auto tires, engines, and accessories.

2004 | Ahmedabad, Gujarat (India) | Active
Last Updated:

Advance Wheelcare Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 8.73 M
  • Company Age 21 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 13.60 Cr
  • Satisfied Charges ₹ 16.81 Cr
  • Revenue Growth 6.46%
  • Profit Growth 30.20%
  • Ebitda 353.88%
  • Net Worth 129.45%
  • Total Assets 13.74%

About Advance Wheelcare

Advance Wheelcare Private Limited (AWPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 09 March 2004 and has a history of 21 years and two months. Its registered office is in Ahmedabad, Gujarat, India.

The Company is engaged in the Automotive Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 8.73 M.

The company currently has active open charges totaling ₹13.60 Cr. The company has closed loans amounting to ₹16.81 Cr, as per Ministry of Corporate Affairs (MCA) records.

Sangita Sethia and Inder Sethia serve as directors at the Company.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U50403GJ2004PTC043754

  • Company No.

    043754

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    09 Mar 2004

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Automotive
Company report

Advance Wheelcare Private Limited

Explore comprehensive data for Advance Wheelcare Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Advance Wheelcare?

Board Members (2)

NameDesignationAppointment DateStatus
Sangita Sethia Country flag representing In Additional Director 11-Apr-2009Current
Inder Sethia Country flag representing In Director 09-Mar-2004Current

Financial Performance of Advance Wheelcare.

Advance Wheelcare Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 6.46% increase. The company also saw a substantial improvement in profitability, with a 30.2% increase in profit. The company's net worth Soared by an impressive increase of 129.45%.

Advance Wheelcare revenue growth over time
Advance Wheelcare profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
6.46%
Revenue from Operations
12.56%
Total Assets
13.74%
Profit or Loss
30.20%
Net Worth
129.45%
EBITDA
353.88%

What is the Ownership and Shareholding Structure of Advance Wheelcare?

In 2023, Advance Wheelcare had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹13.60 Cr

Satisfied Charges

₹16.81 Cr

Charges Breakdown by Lending Institutions

  • Others : 7.56 Cr
  • Indian Bank : 6.04 Cr

Latest Charge Details

DateLenderAmountStatus
15 Nov 2023Indian Bank₹6.04 CrOpen
23 Mar 2023Others₹7.19 CrOpen
18 Mar 2023Others₹3.70 MOpen
04 Feb 2022Others₹5.02 CrSatisfied
18 Dec 2017Hdfc Bank Limited₹2.10 CrSatisfied

How Many Employees Work at Advance Wheelcare?

Advance Wheelcare has a workforce of 15 employees as of Mar 31, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Advance Wheelcare Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Advance Wheelcare, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Advance Wheelcare's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Advance Wheelcare

Recent activity within the organization

  • Annual General Meeting

    Advance Wheelcare Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Advance Wheelcare Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

  • Charges

    A charge with Indian Bank of Rs. 6.04 Cr registered on 15 Nov 2023 with Charge ID 100850760 was modified on 12 Dec 2023.

  • Charges

    A charge with Indian Bank amounted to Rs. 6.04 Cr with Charge ID 100850760 was registered on 15 Nov 2023.

  • Charges

    A charge with Others amounted to Rs. 7.19 Cr with Charge ID 100695142 was registered on 23 Mar 2023.

  • Charges

    A charge with Others amounted to Rs. 0.37 Cr with Charge ID 100695152 was registered on 18 Mar 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Advance Wheelcare Private Limited?

    Advance Wheelcare Private Limited was incorporated on 09 Mar 2004.

  • What is authorized share capital and paid-up capital of Advance Wheelcare Private Limited?

    The authorized share capital of Advance Wheelcare Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 8.73 M.

  • Who are the current board members & directors of Advance Wheelcare Private Limited?

    Currently 2 directors are associated with Advance Wheelcare Private Limited.

    • Sangita Inderchand Sethia
    • Inder Chand Sethia

  • What is the registered address of Advance Wheelcare Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Advance Wheelcare Private Limited is Nr Priya Cinemakrishnanagar India, Ahmedabad, Gujarat, 382345.

  • What is the corporate identification number (CIN) and company number of Advance Wheelcare Private Limited?

    The corporate identification number (CIN) of Advance Wheelcare Private Limited is U50403GJ2004PTC043754 and the company number is 043754 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Advance Wheelcare Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Advance Wheelcare Private Limited has risen by 6.46%.

  • How many employees does Advance Wheelcare Private Limited currently have?

    As Per 2023 financial reports, 15 employees are currently employed by Advance Wheelcare Private Limited.

  • What change has been observed in the net worth of Advance Wheelcare Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Advance Wheelcare Private Limited has experienced an upsurge of 129.45%.

  • What are the total open charges for Advance Wheelcare Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Advance Wheelcare Private Limited amount to ₹ 13.60 Cr.

  • When was the last Balance Sheet of Advance Wheelcare Private Limited filed with the ROC?

    The most recent Balance Sheet for Advance Wheelcare Private Limited was filed with the ROC on 31 Mar 2024.

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