Race Motors Private Limited
Authorized dealer of Suzuki two-wheelers, offering a wide range of vehicles and services.
2005 | Ahmedabad, Gujarat (India) | Active
Race Motors Profile
Key Indicators
- Authorised Capital ₹ 5.00 M
- Paid Up Capital ₹ 5.00 M
- Company Age 19 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 3.55 M
- Revenue Growth 9.45%
- Profit Growth 154.57%
- Ebitda 212.07%
- Net Worth 2.79%
- Total Assets -3.33%
About Race Motors
Race Motors Private Limited (RMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 31 October 2005 and has a history of 19 years and six 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 5.00 M and a paid-up capital of Rs 5.00 M.
The company has closed loans amounting to ₹3.55 M, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Ankit Savla, Vinubhai Chaudhari, Jesangbhai Chaudhari, and Three other members 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
U50100GJ2005PTC047015
- Company No.
047015
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
31 Oct 2005
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Automotive
Race Motors Private Limited
Explore comprehensive data for Race Motors Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Race Motors?
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ankit Savla  | Director | 01-Apr-2022 | Current |
| Vinubhai Chaudhari | Director | 01-Nov-2009 | Current |
| Jesangbhai Chaudhari | Director | 01-Nov-2009 | Current |
| Pratapbhai Chaudhari | Director | 01-Nov-2009 | Current |
| Premila Savla | Director | 16-May-2023 | Current |
| Sanket Chaudhari | Director | 16-Aug-2010 | Current |
Financial Performance of Race Motors.
Race Motors Private Limited, for the financial year ended 2022, experienced modest growth in revenue, with a 9.45% increase. The company also saw a substantial improvement in profitability, with a 154.57% increase in profit. The company's net worth moved up by a moderate rise of 2.79%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Race Motors?
In 2021, Race Motors had a promoter holding of 99.00% and a public holding of 1.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹3.55 M
Charges Breakdown by Lending Institutions
- State Bank Of India : 0.36 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Jun 2010 | State Bank Of India | ₹0.55 M | Satisfied |
| 19 Jun 2006 | State Bank Of India | ₹3.00 M | Satisfied |
How Many Employees Work at Race Motors?
Race Motors has a workforce of 5 employees as of Apr 07, 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 Race 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 Race 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.
Latest Updates, News, and FAQs on Race Motors
Recent activity within the organization
- Annual General Meeting
Race Motors Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Race Motors Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
- Director Appointment
Premila Savla was appointed as a Director was appointed as a Director on 16 May 2023 & has been associated with this company since 2 years 6 days .
- Director Appointment
Ankit Ashok Savla was appointed as a Director was appointed as a Director on 01 Apr 2022 & has been associated with this company since 3 years 1 month .
- Charges
A charge registered on 19 Jun 2006 via Charge ID 10007928 with State Bank Of India was fully satisfied on 05 Dec 2020.
- Charges
A charge registered on 21 Jun 2010 via Charge ID 10234410 with State Bank Of India was fully satisfied on 27 Jun 2014.
Frequently asked questions
What is the Incorporation or founding date of Race Motors Private Limited?
Race Motors Private Limited was incorporated on 31 Oct 2005.
What is authorized share capital and paid-up capital of Race Motors Private Limited?
The authorized share capital of Race Motors Private Limited is ₹ 5.00 M and paid-up capital is ₹ 5.00 M.
Who are the current board members & directors of Race Motors Private Limited?
Currently 6 directors are associated with Race Motors Private Limited.
- Ankit Ashok Savla
- Vinubhai Chaudhari
- Jesangbhai Chaudhari
- Pratapbhai Chaudhari
- Premila Savla
- Sanket Harisangbhai Chaudhari
What is the registered address of Race Motors Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Race Motors Private Limited is 101 Sur Residency 2 Panchvati 2Nd Lane Ellisbridge, India, Ahmdabad, Gujarat, 380006.
What is the corporate identification number (CIN) and company number of Race Motors Private Limited?
The corporate identification number (CIN) of Race Motors Private Limited is U50100GJ2005PTC047015 and the company number is 047015 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Race Motors Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Race Motors Private Limited has risen by 9.45%.
How many employees does Race Motors Private Limited currently have?
As Per 2022 financial reports, 5 employees are currently employed by Race Motors Private Limited.
What change has been observed in the net worth of Race Motors Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Race Motors Private Limited has experienced an upsurge of 2.79%.
When was the last Balance Sheet of Race Motors Private Limited filed with the ROC?
The most recent Balance Sheet for Race Motors Private Limited was filed with the ROC on 31 Mar 2024.
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