Miles Motors Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
- Paid Up Capital ₹ 2.00 Cr
- Company Age 18 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 70.67 Cr
- Revenue Growth -46.78%
- Profit Growth 150.50%
- Ebitda -87.59%
- Net Worth 80.21%
- Total Assets -91.26%
About Miles Motors
Miles Motors Private Limited (MMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 12 September 2006 and has a history of 18 years and five months. Its registered office is in Vadodara, 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 2023. It's a company limited by shares with an authorized capital of Rs 2.00 Cr and a paid-up capital of Rs 2.00 Cr.
The company has closed loans amounting to ₹70.67 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Vipul Shah and Mayankbhai Shah serve as directors at the Company.
Company Details
- Location
Vadodara, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
-
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U50102GJ2006PTC049068
- Company No.
049068
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
12 Sep 2006
- Date of AGM
22 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Who are the key members and board of directors at Miles Motors?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Mayankbhai Shah  | Managing Director | 12-Sep-2006 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Vipul Shah | Director | 12-Sep-2006 | Current |
Financial Performance of Miles Motors.
Miles Motors Private Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 46.78% decrease. The company also saw a substantial improvement in profitability, with a 150.5% increase in profit. The company's net worth Soared by an impressive increase of 80.21%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Miles Motors?
In 2019, Miles Motors had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Aldiam Motors Private LimitedVipul Shah is a mutual person
Anmay Autoinsurance LlpVipul Shah is a mutual person
- Amv Carz Private Limited
Vipul Shah is a mutual person
Charges (Loans)
₹0
₹70.67 Cr
Charges Breakdown by Lending Institutions
- Others : 30.30 Cr
- Indian Bank : 17.00 Cr
- Icici Bank Limited : 10.47 Cr
- Hdfc Bank Limited : 7.00 Cr
- Bank Of India : 4.90 Cr
- Others : 1.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Jan 2019 | Others | ₹13.50 Cr | Satisfied |
| 27 Jul 2018 | Hdfc Bank Limited | ₹7.00 Cr | Satisfied |
| 29 May 2018 | Others | ₹2.00 Cr | Satisfied |
| 13 Jul 2016 | Others | ₹10.00 Cr | Satisfied |
| 16 Oct 2015 | Others | ₹4.80 Cr | Satisfied |
How Many Employees Work at Miles Motors?
Miles Motors has a workforce of 61 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Miles Motors, 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 Miles Motors'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.
