Meru Automobiles Profile
Key Indicators
- Authorised Capital ₹ 1.20 Cr
- Paid Up Capital ₹ 1.20 Cr
- Company Age 22 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 19.95 Cr
- Satisfied Charges ₹ 2.18 Cr
- Revenue Growth 38.83%
- Profit Growth 465.75%
- Ebitda 51.48%
- Net Worth 131.70%
- Total Assets -41.50%
About Meru Automobiles
Meru Automobiles Private Limited (MAPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 20 August 2002 and has a history of 22 years and five months. Its registered office is in Hyderabad, Telangana, 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 1.20 Cr and a paid-up capital of Rs 1.20 Cr.
The company currently has active open charges totaling ₹19.95 Cr. The company has closed loans amounting to ₹2.18 Cr, as per Ministry of Corporate Affairs (MCA) records.
Vardhamsetty Mohan, Vardhamsetty Ram, and Sai Vardamsetty serve as directors at the Company.
Company Details
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Location
Hyderabad, Telangana, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U50101TG2002PTC039474
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Company No.
039474
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
20 Aug 2002
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Hyderabad
Industry
Who are the key members and board of directors at Meru Automobiles?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vardhamsetty Mohan
|
Managing Director | 20-Feb-2003 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Vardhamsetty Ram
|
Director | 01-Jan-2022 | Current |
|
Sai Vardamsetty
|
Whole-Time Director | 12-Nov-2018 | Current |
Financial Performance of Meru Automobiles.
Meru Automobiles Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 38.83% increase. The company also saw a substantial improvement in profitability, with a 465.75% increase in profit. The company's net worth Soared by an impressive increase of 131.7%.
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What is the Ownership and Shareholding Structure of Meru Automobiles?
In 2023, Meru Automobiles had a promoter holding of 67.94% and a public holding of 32.06%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Durga Transmissions Private LimitedVardhamsetty Mohan is a mutual person
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Sumeru Energy Private Limited
Vardhamsetty Ram is a mutual person
Charges (Loans)
₹19.95 Cr
₹2.18 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 19.95 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Mar 2008 | State Bank Of India | ₹19.95 Cr | Open |
| 27 May 2022 | Others | ₹3.00 M | Satisfied |
| 30 Jun 2006 | Sundaram Finance Ltd | ₹0.92 M | Satisfied |
| 10 Jan 2005 | Sundaram Finance Ltd. | ₹0.71 M | Satisfied |
| 10 Jan 2005 | Sundaram Finance Ltd. | ₹0.71 M | Satisfied |
How Many Employees Work at Meru Automobiles?
Meru Automobiles has a workforce of 57 employees as of Mar 23, 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 Meru Automobiles, 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 Meru Automobiles'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.
