Speed Motors Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
- Paid Up Capital ₹ 6.72 M
- Company Age 77 Year, 3 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 46.28 Cr
- Satisfied Charges ₹ 14.82 Cr
- Revenue Growth 63.24%
- Profit Growth 68.98%
- Ebitda -105.21%
- Net Worth 73.52%
- Total Assets 0.97%
About Speed Motors
Speed Motors Private Limited (SMPL) was founded in India on 05 November 1947 and has a glorious history of 77 years and three months. Its registered office is in Uttar Pradesh, Uttar Pradesh, India.
The Corporate was formerly known as Speed Motors Limited. 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 6.72 M.
The company currently has active open charges totaling ₹46.28 Cr. The company has closed loans amounting to ₹14.82 Cr, as per Ministry of Corporate Affairs (MCA) records.
Rajesh Narain, Sandeep Narain, Divij Narain, and One other member serve as directors at the Company.
Company Details
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Location
Uttar Pradesh, Uttar Pradesh, 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
U34102UP1947PTC001835
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Company No.
001835
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
05 Nov 1947
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Kanpur
Industry
Who are the key members and board of directors at Speed Motors?
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sandeep Narain
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Director | 02-Sep-1985 | Current |
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Rajesh Narain
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Director | 01-Jan-1993 | Current |
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Divij Narain
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Director | 23-Jan-2012 | Current |
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Vidit Narain
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Director | 23-May-2022 | Current |
Financial Performance of Speed Motors.
Speed Motors Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 63.24% increase. The company also saw a substantial improvement in profitability, with a 68.98% increase in profit. The company's net worth Soared by an impressive increase of 73.52%.
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What is the Ownership and Shareholding Structure of Speed Motors?
In 2023, Speed Motors had a promoter holding of 93.64% and a public holding of 6.36%. The company had 1 Subsidiary. 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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Speed Motocorp Private LimitedRajesh Narain, Sandeep Narain and 2 more are mutual person
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Speedsafe Auto Private Limited
Rajesh Narain and Vidit Narain are mutual person
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Speedworks Auto Private Limited
Divij Narain and Vidit Narain are mutual person
Charges (Loans)
₹46.28 Cr
₹14.82 Cr
Charges Breakdown by Lending Institutions
- Others : 46.28 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Mar 2019 | Others | ₹1.60 Cr | Open |
| 27 Mar 2019 | Others | ₹9.90 M | Open |
| 05 Jan 2017 | Others | ₹2.00 Cr | Open |
| 29 Jul 2016 | Others | ₹3.45 Cr | Open |
| 16 Oct 2012 | Others | ₹12.50 Cr | Open |
How Many Employees Work at Speed Motors?
Speed Motors has a workforce of 46 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 Speed 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 Speed 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.
