About Safset Forwarders Private Limited.
Data last updated:
Safset Forwarders Private Limited. is a private limited company based in Mumbai, Maharashtra, India. It operates in the carrying and forwarding agents (cfa) segment of the transport and logistics sector. It was incorporated on 20 June 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63090MH1988PTC047744. Its GSTIN is 27AACCS2360J1ZC (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.5 Lakh. It is led by directors including Vickram Piara Sethi and Bipin Taro Vazirani.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 142 Adarsh Industrial Estate Sahar Road Chakala Andheri (East), Mumbai, Maharashtra, India – 400099.
As per the financials filed for FY 2025, the company reported a revenue of ₹46.95 Lakh, a growth of 57% compared to the previous year. For the same year it recorded a net loss of ₹18.59 Lakh (net margin -39.6%) and EBITDA of -₹18.58 Lakh (EBITDA margin -39.6%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 13% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website safset.in.
Company details
Contact details
Safset Forwarders Private Limited.'s registered office is in Mumbai, Maharashtra. Its website is safset.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address142 Adarsh Industrial Estate Sahar Road Chakala Andheri (East), Mumbai, Maharashtra, India – 400099
- IndustryTransport and Logistics, Carrying & Forwarding Agents (CFA)
To see the full contact details of Safset Forwarders 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 Safset Forwarders Private Limited is transportation and storage. In detail, this covers warehousing and support activities for transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transportation and storage | 52 | Warehousing and support activities for transportation |
To see the full business activity and turnover split of Safset Forwarders Private Limited., buy the company report.
Financials of Safset Forwarders Private Limited.
FY 2025 filings availableSafset Forwarders Private Limited. reported revenue of ₹46.95 Lakh (up 57% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 57% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 13%. EBITDA fell 82% 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 | -₹18.58 Lakh | ||||
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| Net Profit (PAT) | -₹18.59 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -39.6% | ||||
| Net Profit Margin | -39.6% | ||||
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To see the full financial statements and ratios of Safset Forwarders Private Limited., buy the company report.
Board of directors of Safset Forwarders Private Limited.
Safset Forwarders Private Limited has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vickram Piara Sethi Also directs: Safset Agencies Private Limited, Kusha Traders Pvt Ltd, Astaguru Auction House Private Limited and 4 more | Director | 10 Feb 1995 | 31 Years 8 Months | Current |
| Bipin Taro Vazirani Also directs: Emes Trading Pvt Ltd, Krishna Cargo Movers Private Limited, Sovereign Shipping Private Limited and 5 more | Director | 01 Apr 2012 | 14 Years 7 Months | Current |
| Sunil Bhupatrai Jasraj | Director | 01 Apr 2012 | 14 Years 7 Months | Current |
Auditor
Safset Forwarders Private Limited. is audited by S H KUKREJA & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S H KUKREJA & CO. | FY 2022 | 114282W |
Shareholding
The shareholding of Safset Forwarders Private Limited. is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Safset Forwarders Private Limited., buy the company report.
Legal cases
No court or tribunal cases involving Safset Forwarders Private Limited. are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Safset Forwarders Private Limited.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Safset Forwarders Private Limited. has a workforce of 4 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Safset Forwarders Private Limited has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCS2360J1ZC | Maharashtra | Active | 01 Jul 2017 |
| 03AACCS2360J1ZM | Punjab | Active | 01 Jul 2017 |
| 24AACCS2360J1ZI | Gujarat | Active | 17 Jan 2018 |
To see the full GST registrations and return filing status of Safset Forwarders Private Limited., buy the company report.
Recent activity
Safset Forwarders Private Limited. has 6 board changes on record since 1995: 3 appointments and 3 cessations. The latest: Vickram Piara Sethi ceased to be Managing Director on 20 Apr 2012.
Frequently asked questions
Safset Forwarders Private Limited is an active private limited company based in Mumbai, Maharashtra, India. The company works in carrying and forwarding agents (cfa), within the transport and logistics industry. It was incorporated on 20 June 1988 (38+ years old) and is registered under CIN U63090MH1988PTC047744.
Safset Forwarders Private Limited has 3 current directors:
- Vickram Piara Sethi - Director
- Bipin Taro Vazirani - Director
- Sunil Bhupatrai Jasraj - Director
The latest financial statements of Safset Forwarders Private Limited on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Safset Forwarders Private Limited is 27AACCS2360J1ZC, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 03AACCS2360J1ZM (Punjab), 24AACCS2360J1ZI (Gujarat).
The CIN (Corporate Identification Number) of Safset Forwarders Private Limited is U63090MH1988PTC047744. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Safset Forwarders Private Limited was incorporated on 20 June 1988, making it 38+ years old. It is registered with the Registrar of Companies, Mumbai.
Vickram Piara Sethi ceased to be Managing Director on 20 Apr 2012. Neelam Vickram Sethi ceased to be Director on 09 Apr 2012. Safia Alimahomed Ismail ceased to be Director on 09 Apr 2012. Safset Forwarders Private Limited has 6 board changes on record in total.
Safset Forwarders Private Limited can be reached through the website safset.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Safset Forwarders Private Limited is at 142 Adarsh Industrial Estate Sahar Road Chakala Andheri East, Mumbai, Maharashtra, India – 400099.
Safset Forwarders Private Limited operates in the transport and logistics industry, in the carrying and forwarding agents (cfa) segment.
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