Karco Shipping Services Private Limited
About Karco Shipping Services Private Limited
Data last updated:
Karco Shipping Services Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India. It operates in the transportation and logistics segment of the transportation sector. It was incorporated on 14 June 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U63030AP2016PTC103464. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kondru Rao Jagadeeswara and Ronanki Vijaya Bhaskararao.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at D.No.1 – 118 – 17 Mig – 171/12 Sector – 12 Mvp Colony, Visakhapatnam, Andhra Pradesh, India – 530017.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.48 Lakh, a growth of 42% compared to the previous year. For the same year it recorded a net loss of ₹4,375 (net margin -1.3%) and EBITDA of -₹4,375 (EBITDA margin -1.3%).
The current compliance status is marked as active non-compliant by the Registrar of Companies.
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- Registered AddressD.No.1 – 118 – 17 Mig – 171/12 Sector – 12 Mvp Colony, Visakhapatnam, Andhra Pradesh, India – 530017
- IndustryTransportation, Transportation Services
- 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
- One PDF report, delivered after checkout
Business Activity
The main business activity of Karco Shipping Services is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Karco Shipping Services Private Limited
FY 2024 filings availableKarco Shipping Services Private Limited reported revenue of ₹3.48 Lakh (up 42% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 42% in the latest year. EBITDA rose 34% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | •••• | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | -₹4,375 | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹4,375 | |
| Balance Sheet | ||
| Share Capital | •••• | |
| Reserves and Surplus | •••• | |
| Net Worth (Total Equity) | •••• | |
| Long-term Borrowings | •••• | |
| Short-term Borrowings | •••• | |
| Trade Payables | •••• | |
| Total Liabilities | •••• | |
| Fixed Assets | •••• | |
| Investments | •••• | |
| Inventories | •••• | |
| Trade Receivables | •••• | |
| Cash and Bank Balance | •••• | |
| Total Assets | •••• | |
Financial Ratios
| Metrics | FY 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -1.3% | |
| Net Profit Margin | -1.3% | |
| Return on Equity (ROE) | •••• | |
| Return on Capital Employed (ROCE) | •••• | |
| Return on Assets (ROA) | •••• | |
| Liquidity and Debt | ||
| Current Ratio | •••• | |
| Quick Ratio | •••• | |
| Debt-to-Equity Ratio | •••• | |
| Interest Coverage Ratio | •••• | |
| Efficiency and Growth | ||
| Asset Turnover | •••• | |
| Receivable Days | •••• | |
| Payable Days | •••• | |
| Inventory Days | •••• | |
| Revenue Growth | •••• | |
| Net Profit Growth | •••• | |
Paid data: the figures shown as dots, and every line for FY 2019-20 to FY 2022-23, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Karco Shipping Services are in the company report.
: available in the company report
Board of Directors of Karco Shipping Services Private Limited
Karco Shipping Services has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kondru Rao Jagadeeswara | Director | 14 Jun 2016 | 10 Years 4 Months | Current |
| Ronanki Vijaya Bhaskararao | Additional Director | 27 Mar 2017 | 9 Years 6 Months | Current |
Peer Comparison
Karco Shipping Services Private Limited is compared with the companies closest to it by revenue in the Transport and Logistics industry (Diversified Logistics, Shipping Services), with the same principal business activity (services incidental to land, water & air transportation). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Krish Logtrade Private Limited | ₹3.52 Lakh (FY 2024) | •••• | •••• | -99.0% | •••• | Noida, Uttar Pradesh, India |
| Karco Shipping Services Private Limited this company | ₹3.48 Lakh (FY 2024) | •••• | •••• | 42.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| Vinayak Shipping Services Private Limited | ₹3.47 Lakh (FY 2023) | •••• | •••• | -16.0% | •••• | Indore, Madhya Pradesh, India |
| Kathiawar Shipping Private Limited | ₹3.4 Lakh (FY 2025) | •••• | •••• | -91.0% | •••• | Jamnagar, Gujarat, India |
Peers are the companies nearest to Karco Shipping Services by revenue, above and below it, in the Transport and Logistics industry (Diversified Logistics, Shipping Services), with the same principal business activity (services incidental to land, water & air transportation), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings
Karco Shipping Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Karco Shipping Services.
: available in the company report
Recent Activity
Karco Shipping Services Private Limited has 3 board changes on record since 2016: 2 appointments and 1 cessation. The latest: Bairi Ramu ceased to be Director on 27 Mar 2017.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Karco Shipping Services has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Karco Shipping Services is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in transportation services, within the transportation industry. It was incorporated on 14 June 2016 (10+ years old) and is registered under CIN U63030AP2016PTC103464.
Karco Shipping Services has 2 current directors:
- Kondru Rao Jagadeeswara - Director
- Ronanki Vijaya Bhaskararao - Additional Director
The latest financial statements of Karco Shipping Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
No. Karco Shipping Services has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Karco Shipping Services is U63030AP2016PTC103464. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karco Shipping Services was incorporated on 14 June 2016, making it 10+ years old. It is registered with the Registrar of Companies, Vijayawada.
The peers of Karco Shipping Services by revenue are Krish Logtrade Private Limited, Vinayak Shipping Services Private Limited, Kathiawar Shipping Private Limited, all in the Transport and Logistics industry (Diversified Logistics, Shipping Services), with the same principal business activity (services incidental to land, water & air transportation).
Bairi Ramu ceased to be Director on 27 Mar 2017. Ronanki Vijaya Bhaskararao was appointed as Additional Director on 27 Mar 2017. Kondru Rao Jagadeeswara was appointed as Director on 14 Jun 2016.
The registered office of Karco Shipping Services is at D.No.1 – 118 – 17 Mig – 17112 Sector – 12 Mvp Colony, Visakhapatnam, Andhra Pradesh, India – 530017.
Karco Shipping Services operates in the transportation industry, in the transportation services segment.
The compliance status of Karco Shipping Services is active non-compliant as of 22 September 2026. The company is actively filing with the Registrar of Companies.