Wardwizard Innovations & Mobility Ltd

Wardwizard Innovations & Mobility Ltd Technicals

Wardwizard Innovations & Mobility Ltd Financials

Wardwizard Innovations & Mobility Ltd Shareholding Pattern

About Wardwizard Innovations & Mobility Ltd

Ward Wizard Innovations & Mobility Limited, formerly known as Manvijay Development Company Limited was incorporated on October 20, 1982. Earlier, the Company engaged into development of real estate activities & investment in group Company. There was change in the management & control of the Company during the year 2019-20 & new management took the control of the Company from 1st October, 2019 and changed their business activities to manufacturing/trading of electrical vehicles; scooters; by-cycles; electronic goods; home appliances; hospitality sector; herbal & ayurvedic sector & real estate sector. In addition to new business activities, the name of the Company was changed from 'Manvijay Development Company Limited' to 'Wardwizard Innovations & Mobility Limited' on February 15, 2020. Currently, the Company has a production capacity of 400,000 units of Electric Scooters and bikes per year on a three-shift plan. Besides, it manufactures 12 scooters and bikes variants under the brand name Joy e-bike. The Company has 750+ dealership touchpoints. Wardwizard's flagship brand 'Joy e-bike' peddled its way into the EV segment by first introducing electric bicycles in year 2016. The Company inaugurated one of India's largest electric two-wheelers plant in 2017. It launched Joy e bike butterfly, honeybee low speed electric scooter during October, 2018; it launched e- Monster Bike in 2019 and later on Thunderbolt, Hurricane, Beast, and Skyline in January, 2021. It launched 4-high ... performance bike variants of Joy E Bike. In FY 2022, it commissioned the automated assembly product line business. In September, 2022 the Company established the R&D Centre under its wholly owned subsidiary, Wardwizard Global Pte. Ltd., in Singapore. In January 2023, Company launched 'the all-new Made in India's electric scooter MIHOS and unveiled a high-speed electric bike named Rockefeller'. It launched the Joy E-Rik'. Joy E Bike is the sole manufacturer and 1st in EV market to come up with different EV models. Further, it opened the First Distributor Showroom. In March 2023, it commenced 1 GWh Lithium-Ion Battery Assembly Line. In 2024, Company added 150+ showroom distributors across India. It expanded manufacturing capabilities by inaugurating a new 15,000 sq. ft. assembly facility in Deoghar, Jharkhand. It acquired a 4 million square foot property to establish the EV Ancillary Cluster. It launched Nemo (high-speed two-wheeler), L3 garbage vehicle, L3 & L5 category passenger EVs, and commercial EV loaders, diversifying its mobility solutions. In 2025, Company launched new models in threewheeler segment, including E-cart Garbage Container and E-Loader. It expanded the electric fleet with over 400 two-wheelers deployed in Kolkata, Pune, and Ahmedabad.