Kerala State Maritime Development Corporation Limited
About Kerala State Maritime Development Corporation Limited
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Kerala State Maritime Development Corporation Limited is a private limited state government company based in Thiruvananthapuram, Kerala, India. It operates in the marine and naval engineering segment of the engineering sector. It was incorporated on 06 December 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U75132KL1994SGC008432. Its GSTIN is 32AAACK9997M1ZS (Kerala).
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹10 Cr. It is led by directors including Valiyaveetil Prasad and Shine Abdul Haq.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Director Of Portsjayasree Tcxv/25 Vellayambalam, Thiruvananthapuram, Kerala, India – 695010.
As per the financials filed for FY 2018, the company reported a revenue of ₹1.01 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net loss of ₹29.39 Lakh (net margin -29.1%) and EBITDA of -₹37.62 Lakh (EBITDA margin -37.3%). Revenue has declined at a compounded annual rate (CAGR) of 54% over three years.
The company has about 4 employees on its provident fund (EPFO) records.
Court records list 10 cases involving the company, including 1 filed by the company and 9 filed against it; 3 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Kerala State Maritime Development Corporation Limited's registered office is in Thiruvananthapuram, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressDirector Of Portsjayasree Tcxv/25 Vellayambalam, Thiruvananthapuram, Kerala, India – 695010
- IndustryEngineering, Marine & Naval Engineering
To see the full contact details of Kerala State Maritime Development Corporation Limited, buy the company report.
- 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
Business activity
The main business activity of Kerala State Maritime Development Corporation 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 Kerala State Maritime Development Corporation Limited, buy the company report.
Financials of Kerala State Maritime Development Corporation Limited
FY 2024 filings availableKerala State Maritime Development Corporation Limited reported revenue of ₹1.01 Cr (down 14% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 54% over three years, including a 14% fall in the latest year. EBITDA rose 67% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹1.01 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹37.62 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹29.39 Lakh | |||
| 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -37.3% | |||
| Net Profit Margin | -29.1% | |||
| 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 | ||||
To see the full financial statements and ratios of Kerala State Maritime Development Corporation Limited, buy the company report.
Board of directors of Kerala State Maritime Development Corporation Limited
Kerala State Maritime Development Corporation has 3 current directors and 29 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Valiyaveetil Prasad | Director | 15 Dec 2021 | 4 Years 10 Months | Current |
| Shine Abdul Haq | Director | 01 Aug 2024 | 2 Years 2 Months | Current |
| Sureshkumar Ramakrishnannair Syamalakumariamma | Director | 01 Aug 2024 | 2 Years 2 Months | Current |
Auditor
Kerala State Maritime Development Corporation Limited is audited by VIJAYARAJAN & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIJAYARAJAN & ASSOCIATES | FY 2018 | 006272S |
Shareholding
The shareholding of Kerala State Maritime Development Corporation Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kerala State Maritime Development Corporation Limited, buy the company report.
Legal cases
Kerala State Maritime Development Corporation Limited has 10 court cases on record: 1 filed by Kerala State Maritime Development Corporation, 9 filed against it. 3 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 9 | 3 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed against the company by Sree Narayana Constructions Private Limited | Pending |
| High Court | Writ petition | Filed against the company by Sree Narayana Constructions Pvt. Ltd. | Disposed |
| High Court of Kerala | Court case (AR) | Filed against the company by Ims Ship Management Private Limited | Disposed |
| High Court of Kerala | Writ petition | Filed against the company by M/S West Coast Dredging Co | Pending |
| High Court, Kerala | Court case (MJC) | Filed against the company by an individual | Pending |
To see the full case history of Kerala State Maritime Development Corporation Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Kerala State Maritime Development Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Kerala State Maritime Development Corporation Limited has a workforce of 4 employees on its EPFO records as of Oct 15, 2024, across 1 active EPFO establishment.
GST
Kerala State Maritime Development Corporation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAACK9997M1ZS | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kerala State Maritime Development Corporation Limited, buy the company report.
Recent activity
Kerala State Maritime Development Corporation Limited has 32 board changes on record since 2010: 3 appointments and 29 cessations. The latest: Shine Abdul Haq ceased to be Additional Director on 19 Nov 2025.
23 earlier events are in the company report.
Frequently asked questions
Kerala State Maritime Development Corporation is an active private limited state government company based in Thiruvananthapuram, Kerala, India. The company works in marine and naval engineering, within the engineering industry. It was incorporated on 06 December 1994 (32+ years old) and is registered under CIN U75132KL1994SGC008432.
Kerala State Maritime Development Corporation has 3 current directors:
- Valiyaveetil Prasad - Director
- Shine Abdul Haq - Director
- Sureshkumar Ramakrishnannair Syamalakumariamma - Director
The latest financial statements of Kerala State Maritime Development Corporation on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Kerala State Maritime Development Corporation is 32AAACK9997M1ZS, registered in Kerala.
The CIN (Corporate Identification Number) of Kerala State Maritime Development Corporation is U75132KL1994SGC008432. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kerala State Maritime Development Corporation has 10 court cases on record: 1 filed by the company and 9 filed against it. 3 are pending.
Kerala State Maritime Development Corporation was incorporated on 06 December 1994, making it 32+ years old. It is registered with the Registrar of Companies, Ernakulam.
Shine Abdul Haq ceased to be Additional Director on 19 Nov 2025. Sureshkumar Ramakrishnannair Syamalakumariamma ceased to be Additional Director on 19 Nov 2025. Shine Abdul Haq was appointed as Director on 01 Aug 2024. Kerala State Maritime Development Corporation has 32 board changes on record in total.
The registered office of Kerala State Maritime Development Corporation is at Director Of Portsjayasree Tcxv25 Vellayambalam, Thiruvananthapuram, Kerala, India – 695010.
Kerala State Maritime Development Corporation operates in the engineering industry, in the marine and naval engineering segment.