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Tata Passenger Electric Mobility Limited
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Registered Details

TATA PASSENGER ELECTRIC MOBILITY LIMITED

All Companies ›

Maharashtra ›

Manufacturing of Motor Vehicles ›

Active

Updated: 29 Aug 2025

Tata Passenger Electric Mobility Limited is an automotive company specializing in the design, manufacture, and sale of electric vehicles in India. Its product lineup includes a range of passenger electric cars that focus on sustainability, innovation, and advanced technology, aimed at reducing carbon emissions and promoting eco-friendly transportation solutions.

Tata Passenger Electric Mobility Limited, is an unlisted public company incorporated on 21 December, 2021. It is classified as a public limited company and is located in , Maharashtra. It's authorized share capital is INR 9,000.00 cr and the total paid-up capital is INR 700.00 cr.

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Industry and products

Manufacture of motor vehicles, trailers and others

Other support services to organizations

Company size

Auth Capital

₹ 9,000.0 Cr

Paidup Capital

₹ 700.0 Cr

Revenue

₹ >5000 cr

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Total Revenue

3652.0%

₹ 10,355.1

EBITDA

₹ -755.9

Net Profit

₹ -453.7

Networth

-8.56%

₹ 4,864.7

Borrowings

₹ -

Assets

13.38%

₹ 9,357.2

Gross Margin

-92.17

7.8 %

Operating Margin

977.91

-7.6 %

Net Profit Margin

87.49

-4.4 %

Return on Equity

-4.56

-9.3 %

ROCE

-5.69

-12.7 %

Debt to Equity

0.0

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (30)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Director	Vedika Bhandarkar	00033808	4 years
Director	Pathamadai Balachandran Balaji Shareholder	02762983	4 years
Managing Director	Shailesh Chandra Shareholder	07593905	4 years
Director	Ankur Nand Thadani	03566737	4 years
Director	Usha Sangwan	02609263	3 years
Director	Sitaram Kandi	02462811	1 years

Financial Highlights

** All numbers in INR crores

	Mar 2022	Mar 2023	Mar 2024
Sales	8.6	42.0	9,930.8
Operating profit	-69.1	-413.7	-755.9
Net profit	-64.6	-253.6	-453.7
Gross margin	100.0	100.0	7.8
Operating margin	-800.8	-985.5	-7.6
Net margin	-429.0	-91.9	-4.4
Networth	3,063.3	5,319.9	4,864.7
Borrowings	-	-	-
Assets	4,419.9	8,253.2	9,357.2
Debt to equity	0.0	0.0	0.0
Current ratio	37.8	12.8	3.2
ROE	-2.1	-4.8	-9.3
Days payable	-	-	51.0
WC days	156,618.0	42,674.0	148.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2022	Mar 2023	Mar 2024
Equity Capital	700.0	700.0	700.0
Reserves	2,363.3	4,619.9	4,164.7
Borrowings +	-	-	-
Long term borrowings	-	-	-
Short term borrowings	-	-	-
Trade payables +	85.6	268.1	1,270.1
Days payable	-	-	51.0
Other liabilities +	1,356.6	2,933.3	4,492.5
Other non-current liabilities	1,256.0	2,516.9	2,654.0
Other current liabilities	15.0	148.3	568.5
Total liabilities	4,419.9	8,253.2	9,357.2
Fixed Assets +	47.7	1,255.4	2,791.0
Tangible assets	3.3	696.8	1,560.2
CWIP	44.4	440.7	679.0
Intangible assets	-	117.9	551.8
LT loans and advances	-	1,002.7	-
Other non-current assets	568.5	670.6	708.6
Current assets +	3,803.6	5,324.5	5,857.6
Inventories	-	-	277.0
Trade receivables	-	0.5	104.7
Cash and cash equivalents	1,257.6	4.9	268.8
ST loans and advances	2,500.1	2,059.1	2,197.0
Other current assets	46.0	3,260.1	3,010.0
Total assets	4,419.9	8,253.2	9,357.2

Percentage of assets	Mar 2022	Mar 2023	Mar 2024
Equity Capital	15.84	8.48	7.48
Reserves	53.47	55.98	44.51
Borrowings +	0.0	0.0	0.0
Long term borrowings	0.0	0.0	0.0
Short term borrowings	0.0	0.0	0.0
Trade payables	1.94	3.25	13.57
Other liabilities +	30.69	35.54	48.01
Other non-current liabilities	28.42	30.5	28.36
Other current liabilities	0.34	1.8	6.08
Total liabilities
Fixed Assets +	1.08	15.21	29.83
Tangible assets	0.07	8.44	16.67
CWIP	1.0	5.34	7.26
Intangible assets	0.0	1.43	5.9
LT loans and advances	0.0	12.15	0.0
Other non-current assets	12.86	8.13	7.57
Current assets +	86.06	64.51	62.6
Inventories	0.0	0.0	2.96
Trade receivables	0.0	0.01	1.12
Cash and cash equivalents	28.45	0.06	2.87
ST loans and advances	56.56	24.95	23.48
Other current assets	1.04	39.5	32.17
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2022	Mar 2023	Mar 2024
Sales +	8.6	42.0	9,930.8
Sales growth %	None	386.44	23555.93
Expenses +	77.8	476.5	10,806.9
Cost of goods	-	-	9,152.9
Employee cost	11.1	96.0	211.3
Other costs	66.7	359.7	1,322.3
Operating profit +	-69.1	-413.7	-755.9
Operating margin %	-800.8	-985.5	-7.6
Other income	6.4	234.0	424.4
Interest	-	1.0	10.1
Depreciation	-	19.8	110.2
Exceptional items	-	-	-
Profit before tax	-62.8	-200.5	-451.7
Tax	1.8	53.0	2.0
Profit - disc. ops	-	-	-
Net profit	-64.6	-253.6	-453.7
Net margin %	-429.0	-91.9	-4.4

Precentage of total income	Mar 2022	Mar 2023	Mar 2024
Sales	57.34	15.21	95.9
Expenses +	517.14	172.66	104.36
Cost of goods	0.0	0.0	88.39
Employee cost	73.69	34.78	2.04
Other costs	442.86	130.33	12.77
Operating profit	-459.2	-149.9	-7.3
Other income	42.66	84.79	4.1
Interest	0.6	0.36	0.1
Depreciation	0.0	7.18	1.06
Exceptional items	0.0	0.0	0.0
Profit before tax	-417.14	-72.66	-4.36
Tax	11.83	19.21	0.02
Profit - disc. ops	0.0	0.0	0.0
Net profit	-428.97	-91.87	-4.38

Revenue from operations

Ratios

	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.0	0.0	0.0
Net Debt/Equity	0.0	0.0	0.0
Total Debt/Assets	0.0	0.0	0.0
Total Assets/Equity	1.4	1.6	1.9
Liquidity +
Current Ratio	37.8	12.8	3.2
Quick Ratio	37.8	12.8	3.0
Interest Coverage	-767.9	-413.7	-75.1
Performance
Gross Margin	100.0	100.0	7.8
Operating Margin	-800.8	-985.5	-7.6
Net Margin	-429.0	-91.9	-4.4
Return +
Return on Equity	-2.1	-4.8	-9.3
Pre-tax ROCE	-1.8	-7.0	-12.7
Return on Assets	-1.5	-3.1	-4.8
Pre-tax ROIC	-2.3	-8.2	-17.8
Efficiency +
Days Payable	-	-	51.0
Days Inventory	-	-	11.0
Days Receivable	0.0	4.0	4.0
Fixed Asset Turnover	0.2	0.0	3.6
Total Asset Turnover	0.0	0.0	1.1
Working Capital
Cash Conversion Cycle	0.0	4.0	-36.0
Working Capital Days	156,618.0	42,674.0	148.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

SBICap Trustee Company Limited

No. of Loans: 1

Total Amount : 1,800.0 cr

Charge Holder	Amount	Date of creation/modification
SBICap Trustee Company Limited	1,800.0 cr	07 May, 2025

Charges

SBICap Trustee Company Limited

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
FOUNDATION FOR ACCESSIBLE AQUANIR AND SANITATION	Active	90,100.0	1	Delhi
TATA MOTORS PASSENGER VEHICLES LIMITED	Active	736.5 Cr	3	Maharashtra
TATA MOTORS GLOBAL SERVICES LIMITED	Active	53.1 Cr	1	Maharashtra
TATA MOTORS FOUNDATION	Active	10.0 L	1	Maharashtra
TATA TECHNOLOGIES LIMITED	Active	81.1 Cr	3	Maharashtra
AXIS PENSION FUND MANAGEMENT LIMITED	Active	80.0 Cr	1	Maharashtra
TATA TECHNOLOGIES LIMITED	Active	81.1 Cr	2	Maharashtra
CTFE LEARNING PRIVATE LIMITED	Active	1.0 L	1	Karnataka
TATA MOTORS PASSENGER VEHICLES LIMITED	Amalgamated	9,417.1 Cr	3	Maharashtra
SBI LIFE INSURANCE COMPANY LIMITED	Active	1,002.6 Cr	1	Maharashtra
TRIDENT LIMITED	Active	509.6 Cr	1	Punjab
TORRENT POWER LIMITED	Active	503.9 Cr	1	Gujarat
AGRATAS ENERGY STORAGE SOLUTIONS PRIVATE LIMITED	Active	20.0 L	1	Maharashtra
TML COMMERCIAL VEHICLES LIMITED	Active	736.5 Cr	1	Maharashtra
TATA CONSUMER PRODUCTS LIMITED	Active	99.0 Cr	1	West Bengal
TATA MOTORS FINANCE LIMITED	Amalgamated	4,969.4 Cr	1	Maharashtra
AIR INDIA LIMITED	Active	36,351.9 Cr	1	Haryana
AGRATAS ENERGY STORAGE SOLUTIONS PRIVATE LIMITED	Active	3,901.9 Cr	2	Maharashtra
DR. AGARWAL'S HEALTH CARE LIMITED	Active	30.8 Cr	1	Tamil Nadu
AKRIVA LLP	Active	1.3 Cr	1	Maharashtra
ARRIVE ADVISORS LLP	Active	80.0 L	1	Maharashtra
KARBONITE VENTURES LLP	Active	1.5 Cr	1	Maharashtra
ASIA HEALTHCARE HOLDINGS ADVISORY LLP	Active	12.9 Cr	1	Karnataka
DR. AGARWAL'S HEALTH CARE LIMITED	Active	31.6 Cr	1	Tamil Nadu
NOVA MEDICAL CENTERS PRIVATE LIMITED	Amalgamated	110.2 Cr	1	Maharashtra
API HOLDINGS LIMITED	Active	699.2 Cr	1	Maharashtra
LEARNING WITH N PRIVATE LIMITED	Active	5.2 L	1	Maharashtra
RHEA HEALTHCARE PRIVATE LIMITED	Active	1.1 Cr	2	Maharashtra
JT SPECIAL VEHICLES PRIVATE LIMITED	Active	5.0 Cr	1	Tamil Nadu
TML DISTRIBUTION COMPANY LIMITED	Amalgamated	225.0 Cr	1	Maharashtra
FIAT INDIA AUTOMOBILES PRIVATE LIMITED	Active	2,445.2 Cr	1	Maharashtra

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
Trilix Srl., Turin (Italy)	Italy	-	-
TATA MOTORS DESIGN TECH CENTRE PLC, (UK)	United Kingdom	-	-

Tofler Score

Very Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

VERY LOW INTEREST COVERAGE

Moderate Risk

LOSS MAKING
LOW ROCE

Low Risk

LOW INVENTORY
GROSS MARGINS DETERIORATING

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

CIN

U34100MH2021PLC373648

PAN

AAJCT0763F

Incorporation

2021, 3.9 years

Company Email

TPEML@TATAMOTORS.COM

Paid up Capital

₹ 700.0 Cr

Authorised Capital

₹ 9,000.0 Cr

AGM

Jul 2025

Type

Public

Others

FAQ - TATA PASSENGER ELECTRIC MOBILITY LIMITED

What is the incorporation date of TATA PASSENGER ELECTRIC MOBILITY LIMITED?

The incorporation date of TATA PASSENGER ELECTRIC MOBILITY LIMITED is 21 December, 2021

What is the authorized share capital of TATA PASSENGER ELECTRIC MOBILITY LIMITED?

The authorized share capital of TATA PASSENGER ELECTRIC MOBILITY LIMITED is INR ₹ 9,000.0 Cr.

What is the paid-up capital of TATA PASSENGER ELECTRIC MOBILITY LIMITED?

The paid-up capital of TATA PASSENGER ELECTRIC MOBILITY LIMITED is INR ₹ 700.0 Cr.

What is the registered address of TATA PASSENGER ELECTRIC MOBILITY LIMITED?

The registered address of TATA PASSENGER ELECTRIC MOBILITY LIMITED is Nanavati Mahalaya, Flr 3 & 4, Plot 18 Mudhana Shetty Marg, Nr BSE, Fort, Mumbai City, Mumbai, Maharashtra, India, 400001 - 400001

What is the CIN number of TATA PASSENGER ELECTRIC MOBILITY LIMITED?

The CIN number of TATA PASSENGER ELECTRIC MOBILITY LIMITED is U34100MH2021PLC373648.

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