MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0163343
Fairfreight Lines Private Limited - transport and logistics in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹110.29 Cr
▲ 17% YoY
Net profit · FY 2025
₹7.97 Cr
Net margin 7.2%
EBITDA · FY 2025
₹30.32 Cr
EBITDA margin 27.5%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹52.25 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Employees · EPFO
25
Provident fund records
Directors on board
2
As per MCA filings
About Fairfreight Lines Private Limited
Data last updated:
Fairfreight Lines Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Saurashtra Freight Private Limited. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 16 June 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63090MH2017PTC296246. Its GSTIN is 27AAYCS8229G1ZL (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹52.25 Lakh. It was formerly known as Saurashtra Lines Private Limited. It is led by directors Piyushkumar Asthana (Managing Director) and Raghav Agarwalla.
Its last annual general meeting (AGM) was held on 11 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 65/C 6th Floor Mittal Tower Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹110.29 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹7.97 Cr (net margin 7.2%) and EBITDA of ₹30.32 Cr (EBITDA margin 27.5%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 30% over five years.
The company has about 25 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Fairfreight. The company has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹52.3 Lakh; the latest was in December 2018. The company has 10 MSME Form 1 returns on record between 2018 and 2023, listing 20 overdue payments to 10 micro and small suppliers.
Fairfreight Lines Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0163343). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fairfreight.com.
Company details
CIN U63090MH2017PTC296246
Registration Number 296246
Incorporation Date 16 June 2017
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 11 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Saurashtra Freight Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0163343
Recognitions & Rankings of Fairfreight Lines
Contact details
Fairfreight Lines Private Limited's registered office is in Mumbai, Maharashtra. Its website is fairfreight.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address65/C 6th Floor Mittal Tower Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Fairfreight Lines Private Limited, buy the company report.
Comprehensive company report
Fairfreight Lines Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Fairfreight Lines operates one associated brand: Fairfreight. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Logistics and transportation services for dry and liquid cargo in India and internationally. | fairfreight.com |
Business activity
The main business activity of Fairfreight Lines is transport and storage. In detail, this covers water transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H3 | Water transport |
To see the full business activity and turnover split of Fairfreight Lines Private Limited, buy the company report.
Financials of Fairfreight Lines Private Limited
FY 2025 filings availableFairfreight Lines Private Limited reported revenue of ₹110.29 Cr (up 17% YoY) for FY 2025.
Revenue · FY 2025
₹110.29 Cr ▲ 17%
Net profit · FY 2025
₹7.97 Cr margin 7.2%
EBITDA · FY 2025
₹30.32 Cr margin 27.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 17%
3 years · compounded
▼ 7%
5 years · compounded
▲ 30%
EBITDA CAGR growth
1 year
▲ 5%
3 years · compounded
▼ 6%
5 years · compounded
▲ 81%
Revenue has grown at a compounded annual rate (CAGR) of 30% over five years, including 17% growth in the latest year. EBITDA rose 5% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹30.32 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.97 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 27.5% | ||||
| Net Profit Margin | 7.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Fairfreight Lines Private Limited, buy the company report.
Board of directors of Fairfreight Lines Private Limited
Fairfreight Lines has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Piyushkumar Asthana Also directs: Saurashtra Fuels P Ltd | Managing Director | 13 Feb 2018 | 8 Years 8 Months | Current |
| Raghav Agarwalla | Director | 16 Jun 2017 | 9 Years 4 Months | Current |
Auditor
Fairfreight Lines Private Limited is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co Chartered Accountants LLP | FY 2024 | 304026E/E300009 |
Shareholding
The shareholding of Fairfreight Lines Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Fairfreight Lines Private Limited, buy the company report.
Deals & funding
Fairfreight Lines Private Limited has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹52.3 Lakh; the latest was in December 2018.
Total deals
2
Rights issue
1
Funding round
1
Disclosed funding
₹52.3 Lakh
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2018 | Funding round | ₹52.3 Lakh | Investors: an individual |
| Nov 2017 | Rights issue | ₹49 Lakh | Investors: Saurashtra Freight Private Limited , an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Fairfreight Lines Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Fairfreight Lines Private Limited was last rated by Icra on 25 Apr 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 25 Apr 2018 |
To see the full credit ratings and regulatory alerts of Fairfreight Lines Private Limited, buy the company report.
MSME payment delays
Fairfreight Lines Private Limited has 10 MSME Form 1 returns on record between 2018 and 2023, listing 20 overdue payments to 10 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Worlds Window Wardha Infrastructure Private Limited | |||
| Ristar Surveyors and Assessors Private Limited | |||
| Krestar Inc | |||
| Aries Container Terminal Private Limited | |||
| Amal Logistics Services Private Limited |
To see the full MSME payment records of Fairfreight Lines Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Fairfreight Lines Private Limited has a workforce of 25 employees on its EPFO records as of Jun 04, 2025, across 1 active EPFO establishment.
Employee count
25
Active EPFO establishments
1
Employee growth
-24.24%
GST
Fairfreight Lines has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAYCS8229G1ZL | Maharashtra | Active | 16 Oct 2017 |
To see the full GST registrations and return filing status of Fairfreight Lines Private Limited, buy the company report.
Recent activity
Fairfreight Lines Private Limited has 8 board changes on record since 2017: 3 appointments and 5 cessations. The latest: Sumit Maheshwari ceased to be Additional Director on 20 Dec 2018.
AGM
Fairfreight Lines Private Limited last Annual general meeting of members was held on 11 Sep 2025 as per latest MCA records.
Filing
Fairfreight Lines Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Sumit Maheshwari ceased to be Additional Director.
Appointed
Sumit Maheshwari was appointed as Director.
Ceased
Amruta Anurag Adukia ceased to be Additional Director.
Appointed
Piyushkumar Asthana was appointed as Managing Director.
Ceased
Piyushkumar Asthana ceased to be Additional Director.
Ceased
Sarvjit Singh Bedi ceased to be Additional Director.
Ceased
Navin Kumar Sinha ceased to be Director.
Appointed
Raghav Agarwalla was appointed as Director.
Incorporation
16 Jun 2017
Fairfreight Lines Private Limited was registered on 16 Jun 2017 with Roc Mumbai & aged 9 years 4 months as per MCA records.
Frequently asked questions
Fairfreight Lines is an active private limited company based in Mumbai, Maharashtra, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 16 June 2017 (9+ years old) and is registered under CIN U63090MH2017PTC296246.
Fairfreight Lines has 2 current directors:
- Piyushkumar Asthana - Managing Director
- Raghav Agarwalla - Director
The latest financial statements of Fairfreight Lines on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 11 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Fairfreight Lines is 27AAYCS8229G1ZL, registered in Maharashtra.
The CIN (Corporate Identification Number) of Fairfreight Lines is U63090MH2017PTC296246. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fairfreight Lines was incorporated on 16 June 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Fairfreight Lines has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹52.3 Lakh; the latest was in December 2018.
Sumit Maheshwari ceased to be Additional Director on 20 Dec 2018. Sumit Maheshwari was appointed as Director on 08 Jun 2018. Amruta Anurag Adukia ceased to be Additional Director on 25 May 2018. Fairfreight Lines has 8 board changes on record in total.
Yes, Fairfreight Lines is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0163343).
Fairfreight Lines has 10 MSME Form 1 returns on record between 2018 and 2023, listing 20 overdue payments to 10 micro and small suppliers. The latest return was filed on 30 Aug 2023.
Fairfreight Lines can be reached through the website fairfreight.com. Its registered office is in Mumbai, Maharashtra, India.
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