Speed-A-Way Private Limited

Auto parts and lubricant trading with 45 branches in South India.

1938 | Chennai, Tamil Nadu (India) | Active
Last Updated: June 19, 2024

Speed-A-Way Profile

Key Indicators

  • Authorised Capital ₹ 3.00 Cr
  • Paid Up Capital ₹ 2.00 Cr
  • Company Age 86 Year, 5 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 23.00 Cr
  • Revenue Growth 22.99%
  • Profit Growth 20.00%
  • Ebitda 30.60%
  • Net Worth 8.92%
  • Total Assets 12.68%

About Speed-A-Way

Speed-A-Way Private Limited (SPL) was founded in India on 22 August 1938 and has a glorious history of 86 years and five months. Its registered office is in Chennai, Tamil Nadu, India.

The Corporate was formerly known as Speed-A-Way 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 3.00 Cr and a paid-up capital of Rs 2.00 Cr.

The company currently has active open charges totaling ₹23.00 Cr.

Gautam Venkataramani, Krishnan Balasubramaniyam, Rangarajan Sarath, and One other member serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U51909TN1938PTC002347

  • Company No.

    002347

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    22 Aug 1938

  • Date of AGM

    26 Jul 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Automotive

What products or services does Speed-A-Way Private Limited offer?

Speed-A-Way Private Limited offers a wide range of products and services, including Pumps, Pumping Machines & Spares, Piston Pumps, Hand Pumps, Computer Processor, Intel CPU Processor, Fuel Pump.

Who are the key members and board of directors at Speed-A-Way?

Board Members (4)

Name Designation Appointment Date Status
Gautam Venkataramani Country flag representing In Director 15-May-2013 Current
Krishnan Balasubramaniyam Country flag representing In Whole-Time Director 19-Jul-2018 Current
Rangarajan Sarath Country flag representing In Director 28-Jul-2015 Current
Srinivasan Ramachandran Country flag representing In Director 12-May-2003 Current

Financial Performance of Speed-A-Way.

Speed-A-Way Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 22.99% increase. The company also saw a substantial improvement in profitability, with a 20% increase in profit. The company's net worth moved up by a moderate rise of 8.92%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
22.99%
Revenue from Operations
23.11%
Total Assets
12.68%
Profit or Loss
20.00%
Net Worth
8.92%
EBITDA
30.60%

What is the Ownership and Shareholding Structure of Speed-A-Way?

In 2023, Speed-A-Way had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹23.00 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 23.00 Cr

Latest Charge Details

Date Lender Amount Status
30 May 1977 Others ₹23.00 Cr Open

How Many Employees Work at Speed-A-Way?

Speed-A-Way has a workforce of 364 employees as of Apr 05, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Speed-A-Way, 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-A-Way's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Speed-A-Way

Recent activity within the organization

  • Annual General Meeting

    Speed-A-Way Private Limited last Annual general meeting of members was held on 26 Jul 2023 as per latest MCA records.

    26 Jul 2023

  • Charges

    A charge with Others of Rs. 23.00 Cr registered on 30 May 1977 with Charge ID 80036266 was modified on 14 Jul 2023.

    14 Jul 2023

  • Balance Sheet

    Speed-A-Way Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.

    31 Mar 2023

  • Director Appointment

    Krishnan Balasubramaniyam was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 19 Jul 2018 & has been associated with this company since 6 years 6 months .

    19 Jul 2018

  • Director Appointment

    Rangarajan Sarath was appointed as a Director was appointed as a Director on 28 Jul 2015 & has been associated with this company since 9 years 6 months .

    28 Jul 2015

  • Director Appointment

    Gautam Venkataramani was appointed as a Director was appointed as a Director on 15 May 2013 & has been associated with this company since 11 years 8 months .

    15 May 2013

Frequently asked questions

  • Speed-A-Way Private Limited was incorporated on 22 Aug 1938.

  • The authorized share capital of Speed-A-Way Private Limited is ₹ 3.00 Cr and paid-up capital is ₹ 2.00 Cr.

  • Currently 4 directors are associated with Speed-A-Way Private Limited.

    • Gautam Venkataramani
    • Krishnan Balasubramaniyam
    • Rangarajan Sarath
    • Srinivasan Ramachandran
  • As per Ministry of Corporate Affairs (Mca), the registered address of Speed-A-Way Private Limited is New No.207, Anna Salai, Chennai, Tamil Nadu, India, 600002.

  • The corporate identification number (CIN) of Speed-A-Way Private Limited is U51909TN1938PTC002347 and the company number is 002347 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Speed-A-Way Private Limited is https://www.speedawayprivatelimited.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Speed-A-Way Private Limited has risen by 22.99%.

  • As Per 2023 financial reports, 364 employees are currently employed by Speed-A-Way Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Speed-A-Way Private Limited has experienced an upsurge of 8.92%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Speed-A-Way Private Limited amount to ₹ 23.00 Cr.

  • The most recent Balance Sheet for Speed-A-Way Private Limited was filed with the ROC on 31 Mar 2023.

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