MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-33-0075605
Afford Freight Services Private Limited - transport and logistics in Navi Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹67.97 Cr
▲ 63% YoY
Net profit · FY 2025
₹1.02 Cr
Net margin 1.5%
EBITDA · FY 2025
₹1.97 Cr
EBITDA margin 2.9%
Authorised capital
₹26 Lakh
Registered with MCA
Paid-up capital
₹22.28 Lakh
Issued & subscribed
Satisfied charges
₹9.92 Cr
No open charges
Company age
17 yrs
Est. 2009
Employees · EPFO
31
Provident fund records
About Afford Freight Services Private Limited
Data last updated:
Afford Freight Services Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 09 November 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63000MH2009PTC196949. Its GSTIN is 27AAICA1343B1Z8 (Maharashtra).
The company has an authorised share capital of ₹26 Lakh and a paid-up capital of ₹22.28 Lakh. It is led by directors Sajikumar Prabhakaran Nair and Chockalingam Manikandan.
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 B Wing 603 Kukreja Centre 6th Floor Sector – 11 CBD Belapur, Navi Mumbai, Maharashtra, India – 400614.
As per the financials filed for FY 2025, the company reported a revenue of ₹67.97 Cr, a growth of 63% compared to the previous year. For the same year it recorded a net profit of ₹1.02 Cr (net margin 1.5%) and EBITDA of ₹1.97 Cr (EBITDA margin 2.9%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 10% over five years.
The company has about 31 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Afford Group. As per MCA filings, the company has satisfied charges of ₹9.92 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it; 1 case is pending.
Afford Freight Services Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0075605). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website afford.co.in.
Company details
CIN U63000MH2009PTC196949
Registration Number 196949
Incorporation Date 09 November 2009
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-33-0075605
Recognitions & Rankings of Afford Freight Services
Contact details
Afford Freight Services Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is afford.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressB Wing 603 Kukreja Centre 6th Floor Sector – 11 CBD Belapur, Navi Mumbai, Maharashtra, India – 400614
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services, Ride-Hailing Services
To see the full contact details of Afford Freight Services Private Limited, buy the company report.
Comprehensive company report
Afford Freight Services Private Limited - one report that includes everything
- 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
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Brands
Afford Freight Services operates one associated brand: Afford Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Logistics services including freight forwarding, custom clearance, and transportation in India. | afford.co.in |
Business activity
The main business activity of Afford Freight 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 Afford Freight Services Private Limited, buy the company report.
Financials of Afford Freight Services Private Limited
FY 2025 filings availableAfford Freight Services Private Limited reported revenue of ₹67.97 Cr (up 63% YoY) for FY 2025.
Revenue · FY 2025
₹67.97 Cr ▲ 63%
Net profit · FY 2025
₹1.02 Cr margin 1.5%
EBITDA · FY 2025
₹1.97 Cr margin 2.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 63%
3 years · compounded
▼ 25%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▲ 7%
3 years · compounded
▼ 25%
5 years · compounded
▲ 3%
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 63% growth in the latest year. EBITDA rose 7% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.97 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.02 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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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 | 2.9% | ||||
| Net Profit Margin | 1.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| 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 Afford Freight Services Private Limited, buy the company report.
Board of directors of Afford Freight Services Private Limited
Afford Freight Services has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sajikumar Prabhakaran Nair | Director | 09 Nov 2009 | 17 Years 0 Months | Current |
| Chockalingam Manikandan Also directs: Cosmic Ocean Private Limited, Afford Air-Express Private Limited | Director | 03 Feb 2015 | 11 Years 9 Months | Current |
Auditor
Afford Freight Services Private Limited is audited by SARAWGI SHRIDHAR & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SARAWGI SHRIDHAR & ASSOCIATES | FY 2023 | 104892W |
Shareholding
The shareholding of Afford Freight Services Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Afford Freight Services Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹9.92 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jul 2017 | 100125949 | Yes Bank Limited | ₹4.2 Cr | Satisfied | |
| 31 Mar 2017 | 100103718 | Yes Bank Limited | ₹1.69 Cr | Satisfied | |
| 22 Jul 2013 | 10448032 | Icici Bank Limited | ₹3.5 Cr | Satisfied | |
| 02 Jan 2012 | 10325589 | Kotak Mahindra Bank Limited | ₹53.3 Lakh | Satisfied |
To see the full charge records of Afford Freight Services Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Afford Freight Services Private Limited has 6 court cases on record: 4 filed by Afford Freight Services, 2 filed against it. 1 case is pending and 5 are disposed.
Total cases
6
Filed by the company
4
Filed against the company
2
Pending
1
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 2 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed by the company against GPR Resources Pvt Ltd and Others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Execution petition | Filed against the company by an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Ref-IDA) | Filed by the company against an individual | Disposed |
| District court, Thane, Maharashtra | Court case (Cri.Bail Appln.) | Filed against the company by an individual | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Afford Freight Services 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
No delayed payments to MSME suppliers are on our record for Afford Freight Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Afford Freight Services Private Limited has a workforce of 31 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
Employee count
31
Active EPFO establishments
1
Employee growth
6.9%
GST
Afford Freight Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICA1343B1Z8 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Afford Freight Services Private Limited, buy the company report.
Recent activity
Afford Freight Services Private Limited has 6 board changes on record since 2009: 3 appointments and 3 cessations. The latest: Vinod Rajan Warrier ceased to be Director on 04 Aug 2025.
AGM
Afford Freight Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Vinod Rajan Warrier ceased to be Director.
Filing
Afford Freight Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Charges
A charge registered on 27 Jul 2017 via Charge ID 100125949 with Yes Bank Limited was fully satisfied on 18 Jan 2023.
Charges
A charge registered on 31 Mar 2017 via Charge ID 100103718 with Yes Bank Limited was fully satisfied on 18 Jan 2023.
Charges
A charge registered on 22 Jul 2013 via Charge ID 10448032 with Icici Bank Limited was fully satisfied on 22 Sep 2022.
Ceased
Hitesh Sumanbhai Patel ceased to be Additional Director.
Appointed
Hitesh Sumanbhai Patel was appointed as Director.
Charges
A charge with Yes Bank Limited of Rs. 420.02 Lakh registered on 27 Jul 2017 with Charge ID 100125949 was modified on 31 Mar 2021.
Charges
A charge with Yes Bank Limited of Rs. 169.02 Lakh registered on 31 Mar 2017 with Charge ID 100103718 was modified on 31 Mar 2021.
Charges
A charge registered on 02 Jan 2012 via Charge ID 10325589 with Kotak Mahindra Bank Limited was fully satisfied on 23 Aug 2019.
Charges
A charge with Yes Bank Limited amounted to Rs. 420.02 Lakh with Charge ID 100125949 was registered on 27 Jul 2017.
8 earlier events are in the company report.
Frequently asked questions
Afford Freight Services is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 09 November 2009 (17+ years old) and is registered under CIN U63000MH2009PTC196949.
Afford Freight Services has 2 current directors:
- Sajikumar Prabhakaran Nair - Director
- Chockalingam Manikandan - Director
The latest financial statements of Afford Freight Services 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 Afford Freight Services is 27AAICA1343B1Z8, registered in Maharashtra.
The CIN (Corporate Identification Number) of Afford Freight Services is U63000MH2009PTC196949. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Afford Freight Services has 6 court cases on record: 4 filed by the company and 2 filed against it. 1 is pending.
Afford Freight Services was incorporated on 09 November 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
Vinod Rajan Warrier ceased to be Director on 04 Aug 2025. Hitesh Sumanbhai Patel ceased to be Additional Director on 30 Nov 2021. Hitesh Sumanbhai Patel was appointed as Director on 10 May 2021. Afford Freight Services has 6 board changes on record in total.
Yes, Afford Freight Services is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-33-0075605).
Afford Freight Services can be reached through the website afford.co.in. Its registered office is in Navi Mumbai, Maharashtra, India.
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