Surat Sitilink Limited
About Surat Sitilink Limited
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Surat Sitilink Limited is a public limited state government company based in Surat, Gujarat, India. It operates in the passenger transport segment of the transport and logistics sector. It was incorporated on 07 August 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U60200GJ2013SGC076328. Its GSTIN is 24AATCS6546D1Z2 (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹50 Lakh. It is led by directors including Rajan Bakulbhai Patel and Dharmesh Bhagwagar.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Room No. 95 – 96 2nd Floor Surat Municipal Corp. Main Office Mugl, Isara, Gujarat, India – 395003.
As per the financials filed for FY 2024, the company reported a revenue of ₹138.82 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹147.32 Cr (net margin -106.1%) and EBITDA of -₹146.56 Cr (EBITDA margin -105.6%). Revenue has grown at a compounded annual rate (CAGR) of 74% over three years and 17% over five years.
Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Surat Sitilink Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressRoom No. 95 – 96 2nd Floor Surat Municipal Corp. Main Office Mugl, Isara, Gujarat, India – 395003
- IndustryTransport and Logistics, Passenger Transport
To see the full contact details of Surat Sitilink 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 Surat Sitilink is transport and storage. In detail, this covers land transport via road.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road |
To see the full business activity and turnover split of Surat Sitilink Limited, buy the company report.
Financials of Surat Sitilink Limited
FY 2025 filings availableSurat Sitilink Limited reported revenue of ₹138.82 Cr (down 1% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA fell 6% 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 | -₹146.56 Cr | ||||
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| Net Profit (PAT) | -₹147.32 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -105.6% | ||||
| Net Profit Margin | -106.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Surat Sitilink Limited, buy the company report.
Board of directors of Surat Sitilink Limited
Surat Sitilink has 6 current directors and 35 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajan Bakulbhai Patel Also directs: Surat Smart City Development Limited | Nominee Director | 30 Sep 2023 | 3 Years 1 Months | Current |
| Dharmesh Bhagwagar Also directs: Tapi Riverfront Development Corporation Limited | Nominee Director | 26 Sep 2023 | 3 Years 1 Months | Current |
| Somnathbhai Raghunath Marathe | Nominee Director | 20 Mar 2024 | 2 Years 7 Months | Current |
| Shalini Shivkumar Agarwal | Nominee Director | 08 Oct 2022 | 4 Years 0 Months | Current |
| Swati Pareshkumar Desai Also directs: Surat Smart City Development Limited, Aic Surati Ilab Foundation | Nominee Director | 21 May 2022 | 4 Years 5 Months | Current |
| Rajeshkumar Bhanubhai Bhogayata | Additional Director | 24 Apr 2025 | 1 Years 6 Months | Current |
Peer comparison
Surat Sitilink Limited is compared with the 3 companies closest to it by revenue in the Transport and Logistics industry (Passenger Transport Services), with the same principal business activity (land transport via road), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Giriraj Mobility Services Private Limited | ₹154.65 Cr (FY 2025) | 52.0% | Gurgaon, Haryana, India | |||
| Gurugram Metropolitan City Bus Limited | ₹150.08 Cr (FY 2024) | 3.0% | Gurugram, Haryana, India | |||
| Surat Sitilink Limitedthis company | ₹138.82 Cr (FY 2024) | -₹147.32 Cr | -106.1% | -1.0% | Surat, Gujarat, India | |
| Great Value Fuels Private Limited | ₹138.56 Cr (FY 2025) | -19.0% | New Delhi, Delhi, India |
To see the full peer comparison of Surat Sitilink Limited, buy the company report.
Auditor
Surat Sitilink Limited is audited by NATVARLAL VEPARI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NATVARLAL VEPARI & CO. | FY 2023 | 123626W |
Shareholding
The shareholding of Surat Sitilink 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 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Surat Sitilink Limited, buy the company report.
Legal cases
Surat Sitilink Limited has 2 court cases on record: 2 filed by Surat Sitilink. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against Union of India | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 4 others | Disposed |
To see the full case history of Surat Sitilink 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
Surat Sitilink Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 186 overdue payments to 15 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 (5 of 15)
To see the full MSME payment records of Surat Sitilink Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Surat Sitilink has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AATCS6546D1Z2 | Gujarat | Active | 01 Jul 2017 |
| 24AATCS6546D1DB | Gujarat | Active | 28 Sep 2018 |
To see the full GST registrations and return filing status of Surat Sitilink Limited, buy the company report.
Recent activity
Surat Sitilink Limited has 44 board changes on record since 2013: 11 appointments and 33 cessations. The latest: Jatinkumar Desai was appointed as Additional Director on 06 Jun 2025.
35 earlier events are in the company report.
Frequently asked questions
Surat Sitilink is an active public limited state government company based in Surat, Gujarat, India. The company works in passenger transport, within the transport and logistics industry. It was incorporated on 07 August 2013 (13+ years old) and is registered under CIN U60200GJ2013SGC076328.
Surat Sitilink has 6 current directors:
- Rajan Bakulbhai Patel - Nominee Director
- Dharmesh Bhagwagar - Nominee Director
- Somnathbhai Raghunath Marathe - Nominee Director
- Shalini Shivkumar Agarwal - Nominee Director
- Swati Pareshkumar Desai - Nominee Director
- Rajeshkumar Bhanubhai Bhogayata - Additional Director
The latest financial statements of Surat Sitilink on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Surat Sitilink is 24AATCS6546D1Z2, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AATCS6546D1DB (Gujarat).
The CIN (Corporate Identification Number) of Surat Sitilink is U60200GJ2013SGC076328. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Surat Sitilink has 2 court cases on record: 2 filed by the company. 1 is pending.
Surat Sitilink was incorporated on 07 August 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Surat Sitilink by revenue are Giriraj Mobility Services Private Limited, Gurugram Metropolitan City Bus Limited, Great Value Fuels Private Limited, all in the Transport and Logistics industry (Passenger Transport Services), with the same principal business activity (land transport via road).
Jatinkumar Desai was appointed as Additional Director on 06 Jun 2025. Rajeshkumar Bhanubhai Bhogayata was appointed as Additional Director on 24 Apr 2025. Tejas Prakashchandra Ariwala ceased to be Nominee Director on 03 Sep 2024. Surat Sitilink has 44 board changes on record in total.
Surat Sitilink has 12 MSME Form 1 returns on record between 2019 and 2024, listing 186 overdue payments to 15 micro and small suppliers. The latest return was filed on 24 Apr 2024.
The registered office of Surat Sitilink is at Room No. 95 – 96 2nd Floor Surat Municipal Corp. Main Office Mugl, Isara, Gujarat, India – 395003.
Surat Sitilink operates in the transport and logistics industry, in the passenger transport segment.
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