About Red Express Transport Services Limited
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Red Express Transport Services Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Quick Freight Pte Ltd. It operates in the air cargo services and logistics segment of the transport and logistics sector. It was incorporated on 23 November 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U63000DL2010PLC210694. Its GSTIN is 07AAFCR1688F1Z8 (Delhi). The company holds 12 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹4.96 Cr. It is led by directors including Deepak Wahal and Jasraj Singh Chug.
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 54 Gole Market, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2024, the company reported a revenue of ₹33.29 Cr, a decline of 74% compared to the previous year. For the same year it recorded a net profit of ₹63.29 Lakh (net margin 1.9%) and EBITDA of ₹89.62 Lakh (EBITDA margin 2.7%). Revenue has declined at a compounded annual rate (CAGR) of 34% over three years and 16% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it; 2 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹4.91 Cr; the latest was in April 2017. Its 5 peer companies in the Transport and Logistics industry (Air Cargo), with the same principal business activity (services incidental to land, water & air transportation) are compared by revenue, 3 larger and 2 smaller; the largest is Bhagwati Air Express Private Limited with revenue of ₹43.47 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website redexp-transport.com.
Company details
Contact details
Red Express Transport Services Limited's registered office is in New Delhi, Delhi. Its website is redexp-transport.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address54 Gole Market, New Delhi, Delhi, India – 110001
- IndustryTransport and Logistics, Air Cargo Services & Logistics
To see the full contact details of Red Express Transport Services 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 Red Express Transport Services is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of Red Express Transport Services Limited, buy the company report.
Financials of Red Express Transport Services Limited
FY 2024 filings availableRed Express Transport Services Limited reported revenue of ₹33.29 Cr (down 74% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 74% fall in the latest year. EBITDA fell 62% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹89.62 Lakh | ||||
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| Net Profit (PAT) | ₹63.29 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 2.7% | ||||
| Net Profit Margin | 1.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Red Express Transport Services Limited, buy the company report.
Board of directors of Red Express Transport Services Limited
Red Express Transport Services has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Wahal Also directs: Super Quick Freight Private Limited | Director | 26 Sep 2023 | 3 Years 1 Months | Current |
| Jasraj Singh Chug Also directs: Acumen Overseas Private Limited, Al Sharif Aviation Services Private Limited, Ascent Air Private Limited and 5 more | Director | 23 Nov 2010 | 15 Years 11 Months | Current |
| Pukhraj Singh Chug | Director | 23 Nov 2010 | 15 Years 11 Months | Current |
Peer comparison
Red Express Transport Services Limited is compared with the 5 companies closest to it by revenue in the Transport and Logistics industry (Air Cargo), with the same principal business activity (services incidental to land, water & air transportation), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bhagwati Air Express Private Limited | ₹43.47 Cr (FY 2025) | -34.0% | New Delhi, Delhi, India | |||
| Ekf Global Logistics Private Limited | ₹42.65 Cr (FY 2025) | 63.0% | Mumbai, Maharashtra, India | |||
| Airlift(India)Private Limited | ₹41.25 Cr (FY 2024) | -18.0% | Mumbai, Maharashtra, India | |||
| Red Express Transport Services Limitedthis company | ₹33.29 Cr (FY 2024) | ₹63.29 Lakh | 1.9% | -74.0% | 6 | New Delhi, Delhi, India |
| Air Cargo Connections (India) Private Limited | ₹26.43 Cr (FY 2024) | -31.0% | Chennai, Tamil Nadu, India | |||
| Desire Cargo India Private Limited | ₹25.88 Cr (FY 2025) | 45.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Red Express Transport Services Limited, buy the company report.
Auditor
Red Express Transport Services Limited is audited by B.S. Sawhney & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.S. Sawhney & Associates | FY 2023 | FRN008241N |
Shareholding
The shareholding of Red Express Transport Services 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 Red Express Transport Services Limited, buy the company report.
Deals & funding
Red Express Transport Services Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹4.91 Cr; the latest was in April 2017.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2017 | Secondary share transfer | Undisclosed | Buyer: Ascent Air Private Limited Seller: Cargo Flash Infotech Private Limited |
| Feb 2012 | Funding round | ₹4.91 Cr | Investors: Quick Freight Pte Limited, Acumen Overseas Private Limited , Ascent Air Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Red Express Transport Services Limited has 5 court cases on record: 2 filed by Red Express Transport Services, 3 filed against it. 2 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 2 |
| NCLT | 2 | 2 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Instakart Services Pvt. Ltd. | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| NCLT, New Delhi Bench Court-II | Original application | Filed against the company by an individual | Disposed |
| District court, South East, Delhi | Criminal case | Filed by the company against an individual | Disposed |
To see the full case history of Red Express Transport Services 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 Red Express Transport Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Red Express Transport Services Limited has a workforce of 6 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Red Express Transport Services has 12 GST registrations: 4 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAFCR1688F1Z8 | Delhi | Active | 01 Jul 2017 |
| 36AAFCR1688F1Z7 | Telangana | Active | 09 Aug 2017 |
| 19AAFCR1688F1Z3 | West Bengal | Active | 17 Aug 2017 |
| 27AAFCR1688F1Z6 | Maharashtra | Active | 24 Aug 2017 |
To see the full GST registrations and return filing status of Red Express Transport Services Limited, buy the company report.
Recent activity
Red Express Transport Services Limited has 4 board changes on record since 2010: 3 appointments and 1 cessation. The latest: Anoop Sharma ceased to be Director on 26 Sep 2023.
Frequently asked questions
Red Express Transport Services is an active public limited company based in New Delhi, Delhi, India. The company works in air cargo services and logistics, within the transport and logistics industry. It was incorporated on 23 November 2010 (16+ years old) and is registered under CIN U63000DL2010PLC210694.
Red Express Transport Services has 3 current directors:
- Deepak Wahal - Director
- Jasraj Singh Chug - Director
- Pukhraj Singh Chug - Director
The latest financial statements of Red Express Transport 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 2015 are in the company report.
The GSTIN of Red Express Transport Services is 07AAFCR1688F1Z8, registered in Delhi. The company has 12 GST registrations in all, of which 4 are active and 8 are cancelled or inactive. Other active GSTINs include 36AAFCR1688F1Z7 (Telangana), 19AAFCR1688F1Z3 (West Bengal), 27AAFCR1688F1Z6 (Maharashtra).
The CIN (Corporate Identification Number) of Red Express Transport Services is U63000DL2010PLC210694. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Red Express Transport Services has 5 court cases on record: 2 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.
Red Express Transport Services was incorporated on 23 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Delhi.
Red Express Transport Services has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹4.91 Cr; the latest was in April 2017.
The peers of Red Express Transport Services by revenue are Bhagwati Air Express Private Limited, Ekf Global Logistics Private Limited, Airlift(India)Private Limited, Air Cargo Connections (India) Private Limited, Desire Cargo India Private Limited, all in the Transport and Logistics industry (Air Cargo), with the same principal business activity (services incidental to land, water & air transportation).
Anoop Sharma ceased to be Director on 26 Sep 2023. Deepak Wahal was appointed as Director on 26 Sep 2023. Jasraj Singh Chug was appointed as Director on 23 Nov 2010. Red Express Transport Services has 4 board changes on record in total.
Red Express Transport Services can be reached through the website redexp-transport.com. Its registered office is in New Delhi, Delhi, India.
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