SRIVARU Holding Limited

What they do

The company operates in the motor vehicles and passenger car bodies industry and files as a foreign private issuer incorporated in the Cayman Islands. Its principal executive offices are in George Town, Grand Cayman.

Revenue drivers

• Vehicle sales — The company reports annual revenue from its motor vehicle business, with $68,330 in fiscal 2025, $42,538 in fiscal 2024, and $112,409 in fiscal 2023, indicating a very small revenue base.

Recent performance

For the fiscal year ended March 31, 2025, SRIVARU reported revenue of $68,330, up from $42,538 in fiscal 2024 but below $112,409 in fiscal 2023. Net loss was $35.0 million in fiscal 2025, compared with $11.4 million in fiscal 2024 and $654,273 in fiscal 2023. Diluted EPS was negative $0.25 in fiscal 2025, versus negative $4.23 in fiscal 2024. Operating cash flow was negative $6.1 million in fiscal 2025, negative $3.9 million in fiscal 2024, and negative $384,070 in fiscal 2023. At March 31, 2025, total assets were $4.7 million, total liabilities were $464,586, and shareholder equity was $4.3 million, with cash and equivalents of $1.5 million.

Strategy

The provided excerpt does not include management's discussion of strategy, product roadmap, or investment priorities. The filing's table of contents references an operating and financial review, but that section's content is not included in the source material.

Risks

• Very limited revenue — Annual revenue was $68,330 in fiscal 2025, leaving the company with minimal scale to cover operating costs.
• Significant net losses — Net loss widened to $35.0 million in fiscal 2025 from $11.4 million in fiscal 2024.
• Cash burn and liquidity — Operating cash flow was negative $6.1 million in fiscal 2025, and cash and equivalents stood at $1.5 million as of March 31, 2025.
• OTC Pink quotation — The company's ordinary shares and warrants trade exclusively on the over-the-counter market and are quoted on the OTC Pink market, which generally has limited liquidity and reporting requirements.

Outlook

The source material does not contain management's outlook, guidance, or forward-looking statements beyond a cautionary note. No specific expectations for future periods are provided in the excerpts.