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About Resolve Salvage & Fire (India) Private Limited
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Resolve Salvage & Fire (India) Private Limited is a private limited company based in Thane, Maharashtra, India, a subsidiary of Resolve Marine Group Inc (Usa). It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 23 April 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63090MH2012PTC230119. Its GSTIN is 27AAFCR9586E1ZV (Maharashtra).
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹32.39 Cr. It is led by directors including Arush Khanna and Joseph Edward Farrell Iii.
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 Thane, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹55.74 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹22.61 Cr (net margin 40.6%) and EBITDA of ₹34.55 Cr (EBITDA margin 62%). Revenue has grown at a compounded annual rate (CAGR) of 64% over five years.
Court records list 5 cases involving the company, including 4 filed by the company and 1 filed against it. The company has 2 deals on record (1 funding round, 1 rights issue), with disclosed funding of ₹31.14 Cr; the latest was in August 2014. Its 4 peer companies in the Shipping industry (Shipping Services), with the same principal business activity (water transport) are compared by revenue, 2 larger and 2 smaller; the largest is Seavision Shipping Private Limited with revenue of ₹58.75 Cr. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 3 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website resolvemarine.com.
Company details
Contact details
Resolve Salvage & Fire (India) Private Limited's registered office is in Thane, Maharashtra. Its website is resolvemarine.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressS.No. 93/11 Karan Cement, Old M. P. Road, Thane, Maharashtra, India – 400612
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Resolve Salvage & Fire (India) Private 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 Resolve Salvage & Fire (India) 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 Resolve Salvage & Fire (India) Private Limited, buy the company report.
Financials of Resolve Salvage & Fire (India) Private Limited
FY 2024 filings availableResolve Salvage & Fire (India) Private Limited reported revenue of ₹55.74 Cr (down 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 64%. EBITDA fell 35% 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 |
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| EBITDA | ₹34.55 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹22.61 Cr | ||||
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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 | 62% | ||||
| Net Profit Margin | 40.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Resolve Salvage & Fire (India) Private Limited, buy the company report.
Board of directors of Resolve Salvage & Fire (India) Private Limited
Resolve Salvage & Fire (India) has 7 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arush Khanna | Director | 13 May 2021 | 5 Years 5 Months | Current |
| Joseph Edward Farrell Iii | Director | 04 May 2021 | 5 Years 5 Months | Current |
| Randy Duane Moreau | Director | 14 Oct 2024 | 2 Years 0 Months | Current |
| Joseph Edward Farrell | Director | 23 Apr 2012 | 14 Years 6 Months | Current |
| Summer Marie Farrellforsman | Director | 12 Jun 2025 | 1 Years 4 Months | Current |
| Andrea Jansz | Additional Director | 02 Dec 2025 | 0 Years 10 Months | Current |
Peer comparison
Resolve Salvage & Fire (India) Private Limited is compared with the 4 companies closest to it by revenue in the Shipping industry (Shipping Services), with the same principal business activity (water transport), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Seavision Shipping Private Limited | ₹58.75 Cr (FY 2025) | 1013.0% | Paradeep, Odisha, India | |||
| Triton Maritime Private Limited | ₹55.83 Cr (FY 2025) | 9.0% | Mumbai, Maharashtra, India | |||
| Resolve Salvage & Fire (India) Private Limitedthis company | ₹55.74 Cr (FY 2025) | ₹22.61 Cr | 40.6% | -12.0% | Thane, Maharashtra, India | |
| His Grace Management Private Limited | ₹55.64 Cr (FY 2023) | 15.0% | Mumbai, Maharashtra, India | |||
| I T T Lines Private Limited | ₹54.02 Cr (FY 2025) | -19.0% | Port Blair, Andaman and Nicobar Islands, India |
To see the full peer comparison of Resolve Salvage & Fire (India) Private Limited, buy the company report.
Auditor
Resolve Salvage & Fire (India) Private Limited is audited by DHANUNJAYA AND HARANATH for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DHANUNJAYA AND HARANATH | FY 2023 | 014288S |
Shareholding
The shareholding of Resolve Salvage & Fire (India) Private 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 Resolve Salvage & Fire (India) Private Limited, buy the company report.
Deals & funding
Resolve Salvage & Fire (India) Private Limited has 2 deals on record (1 funding round, 1 rights issue), with disclosed funding of ₹31.14 Cr; the latest was in August 2014.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2014 | Rights issue | ₹1.24 Cr | Investors: Resolve Marine Group ,Inc |
| May 2014 | Funding round | ₹31.14 Cr | Investors: Resolve Marine Group ,Inc |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Resolve Salvage & Fire (India) Private Limited has 5 court cases on record: 4 filed by Resolve Salvage & Fire (India), 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (NMCD) | Filed against the company by Seamec Limited | Disposed |
| Bombay High Court | Arbitration matter | Filed by the company against Swiber Offshore (India) Pvt Ltd and 1 other | Disposed |
| Bombay High Court | Court case (CARAP) | Filed by the company against NTC Logistics India Pvt Ltd | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Assistant Commissioner of Income Tax Circle 14( and 3 others | Disposed |
| Bombay High Court | Court case (APP) | Filed by the company against Swiber Offshore Construction Pte. Ltd and 2 Ors and 1 other | Disposed |
To see the full case history of Resolve Salvage & Fire (India) Private 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
Resolve Salvage & Fire (India) Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 3 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| R&A Associates | |||
| M M Traders |
To see the full MSME payment records of Resolve Salvage & Fire (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Resolve Salvage & Fire (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCR9586E1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Resolve Salvage & Fire (India) Private Limited, buy the company report.
Recent activity
Resolve Salvage & Fire (India) Private Limited has 16 board changes on record since 2012: 7 appointments and 9 cessations. The latest: Andrea Jansz was appointed as Additional Director on 02 Dec 2025.
7 earlier events are in the company report.
Frequently asked questions
Resolve Salvage & Fire (India) is an active private limited company based in Thane, Maharashtra, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 23 April 2012 (14+ years old) and is registered under CIN U63090MH2012PTC230119.
Resolve Salvage & Fire (India) has 7 current directors:
- Arush Khanna - Director
- Joseph Edward Farrell Iii - Director
- Randy Duane Moreau - Director
- Joseph Edward Farrell - Director
- Summer Marie Farrellforsman - Director
- Andrea Jansz - Additional Director
- Lana Rose Farrell - Additional Director
The latest financial statements of Resolve Salvage & Fire (India) 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 Resolve Salvage & Fire (India) is 27AAFCR9586E1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Resolve Salvage & Fire (India) is U63090MH2012PTC230119. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Resolve Salvage & Fire (India) has 5 court cases on record: 4 filed by the company and 1 filed against it.
Resolve Salvage & Fire (India) was incorporated on 23 April 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Resolve Salvage & Fire (India) has 2 deals on record (1 funding round, 1 rights issue), with disclosed funding of ₹31.14 Cr; the latest was in August 2014.
The peers of Resolve Salvage & Fire (India) by revenue are Seavision Shipping Private Limited, Triton Maritime Private Limited, His Grace Management Private Limited, I T T Lines Private Limited, all in the Shipping industry (Shipping Services), with the same principal business activity (water transport).
Andrea Jansz was appointed as Additional Director on 02 Dec 2025. Lana Rose Farrell was appointed as Additional Director on 21 Nov 2025. Randy Duane Moreau ceased to be Additional Director on 29 Sep 2025. Resolve Salvage & Fire (India) has 16 board changes on record in total.
Resolve Salvage & Fire (India) has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 3 overdue payments to 2 micro and small suppliers. The latest return was filed on 08 Jun 2019.
Resolve Salvage & Fire (India) can be reached through the website resolvemarine.com. Its registered office is in Thane, Maharashtra, India.
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