Mahindra First Choice Wheels Profile
Key Indicators
- Authorised Capital ₹ 170.00 Cr
- Paid Up Capital ₹ 94.04 Cr
- Company Age 30 Year, 2 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 8.50 Cr
- Revenue Growth 30.14%
- Profit Growth -248.76%
- Ebitda -293.24%
- Net Worth 94.38%
- Total Assets 51.22%
About Mahindra First Choice Wheels
Mahindra First Choice Wheels Limited (MFCWL) is a leading Public Limited Indian Non-Government Company incorporated in India on 22 December 1994 and has a history of 30 years and two months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Mahindra Telecommunications Ltd. 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 2023. It's a company limited by shares with an authorized capital of Rs 170.00 Cr and a paid-up capital of Rs 94.04 Cr.
The company has closed loans amounting to ₹8.50 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Mahindra First Choice Wheels Limited India are Anita Halbe as Company Secretary, Vishal Agarwal as Cfo, and Ashutosh Pandey as Ceo. Sanjay Labroo, Rajeev Dubey, Ramesh Iyer, and Nine other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U64200MH1994PLC083996
- Company No.
083996
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
22 Dec 1994
- Date of AGM
27 Jul 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Automotive
Internet
Who are the key members and board of directors at Mahindra First Choice Wheels?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ashutosh Pandey  | Managing Director | 16-Jul-2018 | Current |
| Anita Halbe | Company Secretary | 30-Jul-2019 | Current |
| Vishal Agarwal | CFO | Current |
Board Members (11)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sonu Bhasin | Director | 01-Apr-2023 | Current |
Rob Huting  | Director | 30-Jan-2018 | Current |
| Ramesh Iyer | Director | 30-Aug-2004 | Current |
| Narendra Mairpady | Director | 18-Sep-2015 | Current |
| Mohammed Turra | Whole-Time Director | 08-Apr-2024 | Current |
| Sanjay Labroo | Director | 14-Jan-2000 | Current |
Financial Performance of Mahindra First Choice Wheels.
Mahindra First Choice Wheels Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 30.14% increase. The company also saw a substantial fall in profitability, with a 248.76% decrease in profit. The company's net worth Soared by an impressive increase of 94.38%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Mahindra First Choice Wheels?
In 2023, Mahindra First Choice Wheels had a promoter holding of 53.40% and a public holding of 46.60%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Nbs International LimitedRamesh Iyer and Ashutosh Pandey are mutual person
Mumbai Metro One Private Limited.Thota Babu is a mutual person
Mahindra Happinest Developers LimitedAmit Sinha is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹8.50 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 5.50 Cr
- The Zoroastrian Co-Operative Bank Limited : 3.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Jun 2003 | Axis Bank Limited | ₹5.50 Cr | Satisfied |
| 11 Jan 2002 | The Zoroastrian Co-Operative Bank Limited | ₹3.00 Cr | Satisfied |
How Many Employees Work at Mahindra First Choice Wheels?
Mahindra First Choice Wheels has a workforce of 1069 employees as of Apr 03, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Mahindra First Choice Wheels, 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 Mahindra First Choice Wheels's trajectory.
Rating
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
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 Mahindra First Choice Wheels
Recent activity within the organization
- Director Appointment
Mohammed Turra was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 08 Apr 2024 & has been associated with this company since 10 months 28 days .
- Annual General Meeting
Mahindra First Choice Wheels Limited last Annual general meeting of members was held on 27 Jul 2023 as per latest MCA records.
- Director Appointment
Sonu Halan Bhasin was appointed as a Director was appointed as a Director on 01 Apr 2023 & has been associated with this company since 1 year 11 months .
- Balance Sheet
Mahindra First Choice Wheels Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
- Director Appointment
Thota Vijesh Babu was appointed as a Director was appointed as a Director on 29 Apr 2021 & has been associated with this company since 3 years 10 months .
- Director Appointment
Amit Kumar Sinha was appointed as a Director was appointed as a Director on 02 Apr 2021 & has been associated with this company since 3 years 11 months .
Recent News, Updates & Announcement
Mahindra & Adani Partner to Expand EV Charging Network Across India, Tata Power and Oil Companies Join In.Mahindra & Mahindra, a car company, teamed up with Adani Total Energies E-Mobility to build electric vehicle charging stations all over India. This will make it easier for people to charge their electric cars and help India reach its climate goals. Mahindra XUV400 owners can now access over 1,100 chargers through the Bluesense+ app. Tata Power is also installing over 500 charging points across India, with a market share of 60%. Oil companies are also starting to offer EV charging at their petrol pumps..
- Mahindra & Mahindra and Adani Total Energies Team Up to Bring Electric SUVs to India! 🚗⚡️ #EcoFriendlyGoals #PartnershipGoals #SustainableRides.
Mahindra & Mahindra + Adani Total Energies = SUVs go electric in India! 🚗⚡️ #EcoFriendlyGoals #PartnershipGoals #SustainableRides.
- Bandhan Bank and M&M sign MoU to offer attractive commercial vehicle and equipment financing solutions.
Mumbai, March 19, 2024: Bandhan Bank, one of India’s fastest-growing private sector banks has signed a Memorandum of Understanding (MoU) with Mahindra & Mahindra, a leading commercial vehicle manufacturer of the country, to offer convenient fina.
- Thrust Zone.
Mahindra, which has recently spent a lot of time at the trademark office, has registered other names, which could be used for its upcoming electric cars. XUV 7XO, XUV 1X0, XUV 5XO, XUV 3XO. The XUV 3XO can be used for the Mahindra XUV400 facelift scheduled to launch this year. But since this model is already in the market, Mahindra can launch a sub-4 meter version of the XUV400 and use the new name, which is said to be in the making. The above names refer to electric vehicle models already on the market (XUV400) or introduced by the car manufacturer (XUV e8). But the remaining two names – XUV 5XO and XUV 1XO – could indicate upcoming electric models from Mahindra. The XUV 5XO is expected to be a Creta-sized electric SUV, a rival to the upcoming MG ZS EV and Tata Curvv EV. The only electric SUV in India. With these 4 models, Mahindra will have an electric SUV in all popular SUV segments. XUV 1X0 will be the KUV 100 Electric which almost saw a launch and was forgotten entirely after 2021. Also announced and launched in 2022, Mahindra has announced a new line of all-electric SUVs – the BE series. They must have the same name assigned to them at presentation time. The BE 05, BE 07 and BE 09 will be stand-alone models and will be different from other Mahindra electric vehicles as they will be built on a new dedicated platform as part of the Born Electric range. The electric version of the Mahindra XUV700 is expected to launch later this year. As for the BE series, BE 05, scheduled to launch at the end of 2025, will be the first product in this product line to enter the market..
Frequently asked questions
What is the Incorporation or founding date of Mahindra First Choice Wheels Limited?
Mahindra First Choice Wheels Limited was incorporated on 22 Dec 1994.
What is authorized share capital and paid-up capital of Mahindra First Choice Wheels Limited?
The authorized share capital of Mahindra First Choice Wheels Limited is ₹ 170.00 Cr and paid-up capital is ₹ 94.04 Cr.
Who are the current board members & directors of Mahindra First Choice Wheels Limited?
Currently 15 directors are associated with Mahindra First Choice Wheels Limited.
- Sanjay Mohan Labroo
- Rajeev Bidyanand Dubey
- Ramesh Ganesh Iyer
- Narendra Mairpady
- Anupam Thareja
- Sonu Halan Bhasin
- Christopher Robert Hansen
- Rob Huting
- Ashutosh Sudhakar Pandey
- Mohammed Turra
- Amit Kumar Sinha
- Thota Vijesh Babu
- Anita Anant Halbe
- Vishal Agarwal
- Ashutosh Sudhakar Pandey
What is the registered address of Mahindra First Choice Wheels Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Mahindra First Choice Wheels Limited is Gateway Bldgapollo Bunder, Mumbai, Maharashtra, India, 400001.
What is the corporate identification number (CIN) and company number of Mahindra First Choice Wheels Limited?
The corporate identification number (CIN) of Mahindra First Choice Wheels Limited is U64200MH1994PLC083996 and the company number is 083996 as per Ministry of Corporate Affairs (MCA).
What is the official website of Mahindra First Choice Wheels Limited?
The Official website of Mahindra First Choice Wheels Limited is https://www.mahindrafirstchoice.com
What has been the recent revenue trend for Mahindra First Choice Wheels Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Mahindra First Choice Wheels Limited has risen by 30.14%.
How many employees does Mahindra First Choice Wheels Limited currently have?
As Per 2023 financial reports, 1069 employees are currently employed by Mahindra First Choice Wheels Limited.
What change has been observed in the net worth of Mahindra First Choice Wheels Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Mahindra First Choice Wheels Limited has experienced an upsurge of 94.38%.
When was the last Balance Sheet of Mahindra First Choice Wheels Limited filed with the ROC?
The most recent Balance Sheet for Mahindra First Choice Wheels Limited was filed with the ROC on 31 Mar 2023.
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