Raga Motors Profile
Key Indicators
- Authorised Capital ₹ 1.60 Cr
- Paid Up Capital ₹ 1.60 Cr
- Company Age 25 Year, 4 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 64.69 Cr
- Satisfied Charges ₹ 14.05 Cr
- Revenue Growth 75.68%
- Profit Growth 60.84%
- Ebitda 49.76%
- Net Worth 79.57%
- Total Assets 56.73%
About Raga Motors
Raga Motors Private Limited (RMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 11 November 1999 and has a history of 25 years and four months. Its registered office is in Punjab, Punjab.
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 1.60 Cr and a paid-up capital of Rs 1.60 Cr.
The company currently has active open charges totaling ₹64.69 Cr. The company has closed loans amounting to ₹14.05 Cr, as per Ministry of Corporate Affairs (MCA) records.
Ramneek Handa, Parveen Handa, Anita Chopra, and One other member serve as directors at the Company.
Company Details
- Location Punjab, Punjab
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U67100PB1999PTC023079
- Company No.
023079
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
11 Nov 1999
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chandigarh
Industry
Automotive
What products or services does Raga Motors Private Limited offer?
Raga Motors Private Limited offers a wide range of products and services, including Cars, Mahindra Cars.
Raga Motors Private Limited
Explore comprehensive data for Raga Motors Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Raga Motors?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ramneek Handa  | Managing Director | 11-Nov-1999 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Gaurav Chopra | Director | 11-Nov-1999 | Current |
| Parveen Handa | Director | 11-Nov-1999 | Current |
| Anita Chopra | Director | 11-Nov-1999 | Current |
Financial Performance of Raga Motors.
Raga Motors Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 75.68% increase. The company also saw a substantial improvement in profitability, with a 60.84% increase in profit. The company's net worth Soared by an impressive increase of 79.57%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Raga Motors?
In 2023, Raga 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)
Devintec Electrical Technologies Private LimitedRamneek Handa, Anita Chopra and 1 more are mutual person
True Value Petroleum Private LimitedRamneek Handa and Parveen Handa are mutual person
- Raga Electric Vehicles Private Limited
Parveen Handa and Gaurav Chopra are mutual person
- Mkc Autos Private Limited
Gaurav Chopra is a mutual person
Charges (Loans)
Open Charges
₹64.69 Cr
Satisfied Charges
₹14.05 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 25.89 Cr
- Others : 25.00 Cr
- State Bank Of India : 11.43 Cr
- Tata Capital Financial Services Limited : 0.95 Cr
- Au Financiers (India) Limited : 0.75 Cr
- Others : 0.67 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Feb 2024 | Others | ₹10.00 Cr | Open |
| 17 Aug 2023 | Others | ₹15.00 Cr | Open |
| 29 Jun 2015 | Cholamandalam Investment And Finance Company Limited | ₹3.00 M | Open |
| 29 Apr 2015 | Au Financiers (India) Limited | ₹7.50 M | Open |
| 12 Apr 2015 | Mahindra And Mahindra Financial Services Limited | ₹1.64 M | Open |
How Many Employees Work at Raga Motors?
Raga Motors has a workforce of 188 employees as of Apr 08, 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 Raga 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 Raga 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 Raga Motors
Recent activity within the organization
- Annual General Meeting
Raga Motors Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge with Others of Rs. 15.00 Cr registered on 17 Aug 2023 with Charge ID 100776202 was modified on 12 Apr 2024.
- Balance Sheet
Raga Motors Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
- Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100881326 was registered on 29 Feb 2024.
- Charges
A charge with State Bank Of India of Rs. 11.10 Cr registered on 30 Aug 2014 with Charge ID 10523120 was modified on 28 Feb 2024.
- Charges
A charge with Hdfc Bank Limited of Rs. 25.00 Cr registered on 16 Sep 2011 with Charge ID 10312823 was modified on 02 Nov 2023.
Frequently asked questions
What is the Incorporation or founding date of Raga Motors Private Limited?
Raga Motors Private Limited was incorporated on 11 Nov 1999.
What is authorized share capital and paid-up capital of Raga Motors Private Limited?
The authorized share capital of Raga Motors Private Limited is ₹ 1.60 Cr and paid-up capital is ₹ 1.60 Cr.
Who are the current board members & directors of Raga Motors Private Limited?
Currently 4 directors are associated with Raga Motors Private Limited.
- Ramneek Handa
- Parveen Handa
- Anita Chopra
- Gaurav Chopra
What is the registered address of Raga Motors Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Raga Motors Private Limited is G T Road Villparagpur Jalandhar India, Punjab.
What is the corporate identification number (CIN) and company number of Raga Motors Private Limited?
The corporate identification number (CIN) of Raga Motors Private Limited is U67100PB1999PTC023079 and the company number is 023079 as per Ministry of Corporate Affairs (MCA).
What is the official website of Raga Motors Private Limited?
The Official website of Raga Motors Private Limited is https://www.ragamotors.com
What has been the recent revenue trend for Raga Motors Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Raga Motors Private Limited has risen by 75.68%.
How many employees does Raga Motors Private Limited currently have?
As Per 2023 financial reports, 188 employees are currently employed by Raga Motors Private Limited.
What change has been observed in the net worth of Raga Motors Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Raga Motors Private Limited has experienced an upsurge of 79.57%.
What are the total open charges for Raga Motors Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Raga Motors Private Limited amount to ₹ 64.69 Cr.
When was the last Balance Sheet of Raga Motors Private Limited filed with the ROC?
The most recent Balance Sheet for Raga Motors Private Limited was filed with the ROC on 31 Mar 2024.
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