Piaggio Vehicles Private Limited - Company overview

Piaggio was incorporated on 17 February 1998 and is registered with ROC Pune.

1998-02-17 Pune, Maharashtra Active Unlisted Active Compliant
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Key Metrics Public MCA facts are exact. Revenue, profit, assets, and employee figures may show as ranges until unlocked.

REVENUE
₹1000+ Cr
▲ 11.2%
FY 2024
PROFIT / LOSS
₹100–500 Cr
▲ 669.4%
FY 2024
EBITDA
₹100–500 Cr
▲ 167.9%
FY 2024
NET WORTH
₹500–1000 Cr
▲ 6.7%
FY 2024
TOTAL ASSETS
₹1000+ Cr
▲ 17.7%
FY 2024
EMPLOYEE COUNT
1,481–1,490
OPEN CHARGES
1
-
PAID-UP CAPITAL
34.00 cr
AUTHORISED CAPITAL
40.00 cr
COMPANY AGE
28 Years 8 Months
since 1998-02-17
LAST FILING WITH ROC
2024-03-31
Last AGM: 2024-09-30
ACTIVE GST
15
Updated: 2025-06-22 22:48:23
TOTAL MONEY RAISED
₹50–100 Cr
SATISFIED CHARGES
5
251.80 cr

Company Health Scores Scores from 0–100 based on filings, compliance signals, financials, and board history on this profile.

Health scores for Piaggio covering vendor trust, statutory compliance, financial health and director risk - derived from MCA filings, GST and EPFO records, financial statements and the company's board history.

Vendor Trust Score Low risk
80/100
Overall counterparty comfort for vendors and customers.
  • Blend of compliance (55), financial health (90), director (95) and company-foundation signals.
  • Operating for 28+ years.
Compliance Score Moderate
55/100
Statutory filings, status and regulatory flags.
  • Company status is Active as per MCA.
  • Last balance sheet filed for Mar 2024 - filings look overdue.
Financial Health Score Low risk
90/100
Profitability, leverage and liquidity from filed statements.
  • Profitable in FY 2024.
  • Positive net worth.
Director Risk Score Low risk
95/100
Board strength, DIN status and churn.
  • 5 directors on the board.
  • No disqualified or deactivated DINs on the current board.
Scores are derived from MCA filings, financial statements and public records on this page. Higher is safer. They are indicative, not a credit rating.
360° Intelligence Report: trust score, financial health, credit risk, growth & distress signals - auto-generated from filings. View report →

About Piaggio Company identity, industry, contact, and registration details from MCA and company records.

Piaggio was incorporated on 17 February 1998 and is registered with ROC Pune. It is an active private limited company, now more than 28 years old. The registered office is at E 2 Midc Industrial Areabaramati, Pune, Maharashtra. Earlier names on record include Piaggio Greaves Vehicles Private Limited and Piaggio Greaves Vehicles Limited.

In its MCA filings the main business is listed as motor vehicles, trailers, semi trailers and other Transport Vehicles, which made up 99.17% of turnover.

It has five directors: Fabio Grimaldi, Mauro Prignoli, Stefano Mascagni and 2 others. The longest-serving is Mauro Prignoli, on the board since 2015; the most recent to join is Shailesh Suresh Shinde, appointed in January 2023. Diego Graffi is the managing director. 13 former directors are on record; the most recent to leave was Ulisse Spada in November 2020.

₹34 crore of its ₹40 crore authorised capital is paid up (about 85%). Its latest balance sheet on MCA is for the year ending 31 March 2024, and the last AGM was on 30 September 2024. Nothing newer than 2024 shows up here, so it is worth checking the MCA portal for later filings. One charge (secured loan) is still open, and five more have been paid off.

Automotive ••••••••
  • Location E 2 Midc Industrial Areabaramati, Pune, Maharashtra - 413133
  • Website piaggio-cv.co.in
Name History
Legal NamePiaggio Vehicles Private Limited
CIN / LLPINU34102MH1998PTC113606
Company No.113606
ClassificationPrivate Limited Indian Non-Government Company
Incorporation Date1998-02-17
Date of AGM2024-09-30
Date of Balance Sheet2024-03-31
Listing StatusUnlisted
ROC CodeRoc Pune
Credit RatingA1 (Crisil)
PAN
LEI Number
Active ComplianceActive Compliant

Current Directors of Piaggio (5) Current board members from MCA filings, including designation and appointment details.

F
Director | Since 2021-04-26 | DIN: 09102841
M
Director | Since 2015-04-27 | DIN: 07124240
S
Whole-time director | Since 2021-12-16 | DIN: 09378431
D
Managing Director | Since 2017-06-09 | DIN: 07845516
S
Shailesh Suresh Shinde
Company Secretary | Since 2023-01-11

Financial Performance of Piaggio Bands and Low / Medium / High trend shape. Exact figures unlock with your report.

Estimated bands · FY 2024
Revenue ₹1000+ Cr ▲ 11.2%
P&L ₹100–500 Cr ▲ 669.4%
EBITDA ₹100–500 Cr ▲ 167.9%
Net worth ₹500–1000 Cr ▲ 6.7%

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Charges of Piaggio Open and satisfied charges registered against the company with MCA.

State Bank Of India : 123.80 cr
Icici Bank Limited : 65.00 cr
Credit Agricole And Corporate & Investment Bank : 50.00 cr
Others : 5.00 cr
Open Charges: 1 Satisfied Charges: 5
Open -
Satisfied 251.80 cr
LenderAmountStatus
Others
Creation Date: 30 Jun 2022
5.00 cr Open
Icici Bank Limited
Creation Date: 06 May 2014
65.00 cr Closed
Credit Agricole And Corporate & Investment Bank
Creation Date: 07 Oct 1998
50.00 cr Closed

Business Activity Principal business activity and turnover mix from MCA filings.

Activity GroupDescriptionTurnover %
ManufacturingMotor vehicles, trailers, semi trailers and other Transport Vehicles99.17

Financial Ratios of Piaggio Profitability, leverage, and liquidity ratios from filed statements. Exact values unlock with your report.

10 years of ratios on record

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Net profit margin Debt / Equity Current ratio ROE

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Shareholding Pattern of Piaggio Ownership and contribution detail from filings. Full breakdown unlocks with your report.

8 shareholder categories on record

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Ownership mix Category breakdown Year-wise pattern Promoter holding

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Employees and EPFO Compliance at Piaggio EPFO establishments, contributions, and headcount history. Full records unlock with your report.

1 establishment linked

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Monthly headcount PF contributions ECR filing status Establishment history

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GST Compliance of Piaggio GST registrations and filing status by state. Full compliance detail unlocks with your report.

State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.

GSTIN registrations State-wise filing status HSN and SAC details Tax jurisdiction records

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Credit Ratings, Litigation & Regulatory Alerts for Piaggio Ratings, court records, and regulatory alerts. Full risk detail unlocks with your report.

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Rating history Court and tribunal cases Regulatory alerts Director-linked violations

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MSME Payment Delays by Piaggio MSME supplier payment delays and filing history. Full amounts unlock with your report.

Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.

Outstanding amounts Delay periods and reasons MSME-1 filing history Vendor payment signals

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MCA Filings & Documents of Piaggio Official MCA forms, returns, and filing index. Document access unlocks with your report.

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Incorporation documents Annual returns and statements Charge filings Complete filing index

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Frequently Asked Questions about Piaggio Common questions about this company from MCA and profile data. Some answers are limited until unlocked.
Who is the owner of Piaggio?
MCA does not publish an "owner" field. Piaggio is run by its directors, Fabio Grimaldi, Mauro Prignoli, Stefano Mascagni and two others, with Diego Graffi as managing director. The people who own the shares are listed in its annual return (form MGT-7), which can differ from the directors.
Who are the current board members and directors of Piaggio?
Piaggio has five current directors: Fabio Grimaldi (since April 2021), Mauro Prignoli (since April 2015), Stefano Mascagni (since December 2021), Diego Graffi (since June 2017) and Shailesh Suresh Shinde (since January 2023). Diego Graffi is the managing director.
What is CIN of Piaggio?
The CIN of Piaggio is U34102MH1998PTC113606. Reading it left to right: U means it is not listed, 34102 is the industry code it registered under, MH is Maharashtra, 1998 is the year it was registered, PTC is the company type and 113606 is its registration number.
When was Piaggio incorporated?
Piaggio was incorporated on 17 February 1998 with ROC Pune. That makes it more than 28 years old.
What is the registered address of Piaggio?
The registered office on MCA records is E 2 Midc Industrial Areabaramati, Pune, Maharashtra - 413133.
What is the current status of Piaggio?
MCA shows Piaggio as Active, and its last AGM on record was in September 2024.
What is the contact number or email for Piaggio?
You can post to its registered office at E 2 Midc Industrial Areabaramati, Pune, Maharashtra - 413133 and use its website, https://piaggio-cv.co.in.
What industry or business activity is Piaggio associated with?
Its MCA filings list the main business as motor vehicles, trailers, semi trailers and other Transport Vehicles (99.17% of turnover).
What is paid-up capital and authorised share capital of Piaggio?
Paid-up capital is ₹34 crore and authorised capital is ₹40 crore, so about 85% of the authorised amount has been issued.
When did Piaggio last file accounts and hold an AGM?
The last AGM on record was on 30 September 2024, and the latest balance sheet is for the year ending 31 March 2024. Nothing newer than 2024 shows up, so check the MCA portal for later filings.
Where can I see charges and lenders for Piaggio?
One charge against Piaggio is still open and five have been satisfied. Lenders named in the filings include Icici Bank Limited, Credit Agricole And Corporate & Investment Bank and State Bank Of India.
Have any directors left Piaggio?
Yes, 13 former directors are on record. The most recent to leave were Ulisse Spada (November 2020), Praveen Kumar Agarwal (February 2020) and Ravinder Singh Chopra (January 2020).
What is the turnover or revenue of Piaggio?
Based on filed financial statements, the revenue of Piaggio for FY 2024 was in the ₹1000+ Cr range. That is up 11.2% on the previous year. Exact year-wise revenue, profit and balance sheet figures are on the Financial tab.
What is the net worth of Piaggio?
For FY 2024, the net worth of Piaggio was in the ₹500–1000 Cr range.
How can I get the financial details of Piaggio?
The latest accounts on record are for FY 2024. The Financial tab has year-wise profit and loss, balance sheet and ratios, with exact figures after you sign in.
What is the official website of Piaggio?
The website on record for Piaggio is https://piaggio-cv.co.in.
Which company owns piaggio-cv.co.in?
piaggio-cv.co.in is the website listed for Piaggio Vehicles Private Limited in its company records.
Piaggio - is it listed or unlisted?
Piaggio is unlisted, so its shares are not traded on a stock exchange. Its CIN starts with U for the same reason.
What is the ROC code of Piaggio?
Piaggio is registered with ROC Pune.
What is the company classification of Piaggio?
MCA classifies Piaggio as: Private Limited Indian Non-Government Company.
Does Piaggio have GST registrations on file?
Yes, 15 active GST registrations are linked to Piaggio, usually one per state it operates in.

Disclaimer: Data on this page is compiled from public sources as available in our system at the time of the last update and is for general information only. Scores are derived indicators, not credit ratings or advice - please verify from official sources and consult a professional before making any business or financial decision.