MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0001424
Ashte Logistics Private Limited - transport and logistics in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹112.36 Cr
▲ 16% YoY
Net profit · FY 2025
₹8.2 Cr
Net margin 7.3%
EBITDA · FY 2025
₹14.72 Cr
EBITDA margin 13.1%
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹3.2 Cr
Issued & subscribed
Open charges
₹22.4 Cr
Satisfied ₹30.72 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
87
Provident fund records
About Ashte Logistics Private Limited
Data last updated:
Ashte Logistics Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the cargo services segment of the transport and logistics sector. It was incorporated on 01 February 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63090MH2006PTC159421. Its GSTIN is 27AAFCA6034J1ZO (Maharashtra).
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹3.2 Cr. It is led by directors including George Thoklath Joseph and Mahadev Vishvanath Powar.
Its last annual general meeting (AGM) was held on 20 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹112.36 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹8.2 Cr (net margin 7.3%) and EBITDA of ₹14.72 Cr (EBITDA margin 13.1%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 4% over five years.
The company has about 87 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ashte Logistics. As per MCA filings, the company has open charges of ₹22.4 Cr and satisfied charges of ₹30.72 Cr on record. Court records list 129 cases involving the company, including 1 filed by the company and 128 filed against it; 8 cases are pending. The company has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.03 Cr; the latest was in February 2014. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 8 overdue payments to 3 micro and small suppliers.
Ashte Logistics Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0001424). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashtecfs.in.
Company details
CIN U63090MH2006PTC159421
Registration Number 159421
Incorporation Date 01 February 2006
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 20 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0001424
Key People
George Thoklath Joseph Director Mahadev Vishvanath Powar Director Rajkumar Khemchand Rawlani Director Recognitions & Rankings of Ashte Logistics
Contact details
Ashte Logistics Private Limited's registered office is in Mumbai, Maharashtra. Its website is ashtecfs.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address11th Floor 1102 Cts No 619 – 14 619 – 15 619 – 21 A 21 B N V Purav Marg Opp. R K Studio Ch, Embur East, Mumbai, Maharashtra, India – 400071
- IndustryTransport and Logistics, Cargo Services
To see the full contact details of Ashte Logistics Private Limited, buy the company report.
Comprehensive company report
Ashte Logistics 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
Ashte Logistics operates one associated brand: Ashte Logistics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers comprehensive road freight forwarding services to support efficient logistics operations. | ashtecfs.in |
Business activity
The main business activity of Ashte Logistics 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 Ashte Logistics Private Limited, buy the company report.
Financials of Ashte Logistics Private Limited
FY 2025 filings availableAshte Logistics Private Limited reported revenue of ₹112.36 Cr (up 16% YoY) for FY 2025.
Revenue · FY 2025
₹112.36 Cr ▲ 16%
Net profit · FY 2025
₹8.2 Cr margin 7.3%
EBITDA · FY 2025
₹14.72 Cr margin 13.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 8%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▲ 48%
3 years · compounded
▲ 19%
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 16% growth in the latest year. EBITDA rose 48% 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 | ₹14.72 Cr | ||||
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| Net Profit (PAT) | ₹8.2 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 | 13.1% | ||||
| Net Profit Margin | 7.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ashte Logistics Private Limited, buy the company report.
Board of directors of Ashte Logistics Private Limited
Ashte Logistics has 9 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| George Thoklath Joseph | Director | 01 Feb 2006 | 20 Years 8 Months | Current |
| Mahadev Vishvanath Powar | Director | 02 Jul 2011 | 15 Years 3 Months | Current |
| Rajkumar Khemchand Rawlani | Director | 01 Feb 2006 | 20 Years 8 Months | Current |
| Sanjay Kailashchandra Agrawal | Director | 02 Jul 2011 | 15 Years 3 Months | Current |
| Chandrakant Dayalji Thakker | Director | 01 Feb 2006 | 20 Years 8 Months | Current |
| Mihir Chandrakant Thakker Also directs: Aashte Warehousing Park LLP | Director | 10 Dec 2022 | 3 Years 10 Months | Current |
Showing 6 of 9 current directors. View all directors
Auditor
Ashte Logistics Private Limited is audited by R TRIVEDI & ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R TRIVEDI & ASSOCIATES | FY 2024 | 111064W |
Shareholding
The shareholding of Ashte Logistics 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 Ashte Logistics Private Limited, buy the company report.
Charges & borrowings
Open charges
₹22.4 Cr
Satisfied charges
₹30.72 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Sep 2025 | 101152922 | Others | ₹7.93 Cr | Open | |
| 09 Dec 2024 | 101021048 | Others | ₹3.54 Cr | Open | |
| 21 Jan 2023 | 100671487 | Others | ₹3 Cr | Open | |
| 19 Jan 2023 | 100667443 | Others | ₹2.93 Cr | Open | |
| 29 Sep 2021 | 100490351 | Others | ₹5 Cr | Open |
To see the full charge records of Ashte Logistics Private Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Ashte Logistics Private Limited has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.03 Cr; the latest was in February 2014.
Total deals
7
Secondary share transfers
5
Funding rounds
2
Disclosed funding
₹1.03 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2014 | Funding round | ₹27.7 Lakh | Investors: Mahadev V Powar Huf, 3 individuals |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Mahadev V Powar Huf, 3 individuals Seller: PV Agensis Fright Forwarders Private Limited, Rank Logistics Private Limited , an individual |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Rank Logistics Private Limited , 3 individuals Seller: Rank Logistics Private Limited , 3 individuals |
| Mar 2011 | Funding round | ₹74.9 Lakh | Investors: Rank Logistics Private Limited , PV Agensis Fright Forwarders Private Limited, 2 individuals |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: PV Agensis Fright Forwarders Private Limited, Rank Logistics Private Limited , 2 individuals Seller: 3 individuals |
To see the full deal history of Ashte Logistics Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ashte Logistics Private Limited has 129 court cases on record: 1 filed by Ashte Logistics, 128 filed against it. 8 cases are pending and 121 are disposed.
Total cases
129
Filed by the company
1
Filed against the company
128
Pending
8
Disposed
121
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 125 | 125 | 8 |
| High courts | 4 | 3 | 0 |
Cases on record (3 of 129)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Raigad, Maharashtra | Civil suit | Filed against the company by M R Nikam Inspector Under Maharashtra Private Security Guards Board Raigad | Pending |
| District court, Raigad, Maharashtra | Civil suit | Filed against the company by State | Disposed |
| Bombay High Court | Court case (CUAPP) | Filed by the company against The Commissioner of Customs (Exports)) | Disposed |
To see the full case history of Ashte Logistics 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.
Credit ratings & regulatory alerts
Ashte Logistics Private Limited was last rated by Crisil on 05 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 05 Mar 2020 |
To see the full credit ratings and regulatory alerts of Ashte Logistics Private Limited, buy the company report.
MSME payment delays
Ashte Logistics Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 8 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| WRS Energy Solutions LLP | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Ashte Logistics Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ashte Logistics Private Limited has a workforce of 87 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
Employee count
87
Active EPFO establishments
1
Employee growth
-5.43%
GST
Ashte Logistics has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCA6034J1ZO | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ashte Logistics Private Limited, buy the company report.
Recent activity
Ashte Logistics Private Limited has 17 board changes on record since 2006: 9 appointments and 8 cessations. The latest: Mihir Chandrakant Thakker ceased to be Additional Director on 13 Jul 2023.
Charges
A charge with Others amounted to Rs. 7.93 Cr with Charge ID 101152922 was registered on 02 Sep 2025.
AGM
Ashte Logistics Private Limited last Annual general meeting of members was held on 20 Aug 2025 as per latest MCA records.
Filing
Ashte Logistics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 3.54 Cr with Charge ID 101021048 was registered on 09 Dec 2024.
Ceased
Mihir Chandrakant Thakker ceased to be Additional Director.
Charges
A charge with Others of Rs. 5.00 Cr registered on 29 Sep 2021 with Charge ID 100490351 was modified on 25 Jan 2023.
Charges
A charge with Others amounted to Rs. 3.00 Cr with Charge ID 100671487 was registered on 21 Jan 2023.
Charges
A charge with Others amounted to Rs. 2.93 Cr with Charge ID 100667443 was registered on 19 Jan 2023.
Appointed
Mihir Chandrakant Thakker was appointed as Director.
Ceased
Vishakha Chandrakant Thakker ceased to be Director.
Charges
A charge registered on 29 Sep 2017 via Charge ID 100128534 with Others was fully satisfied on 20 Jul 2022.
Charges
A charge registered on 29 Sep 2017 via Charge ID 100128535 with Others was fully satisfied on 20 Jul 2022.
42 earlier events are in the company report.
Frequently asked questions
Ashte Logistics is an active private limited company based in Mumbai, Maharashtra, India. The company works in cargo services, within the transport and logistics industry. It was incorporated on 01 February 2006 (20+ years old) and is registered under CIN U63090MH2006PTC159421.
Ashte Logistics has 9 current directors:
- George Thoklath Joseph - Director
- Mahadev Vishvanath Powar - Director
- Rajkumar Khemchand Rawlani - Director
- Sanjay Kailashchandra Agrawal - Director
- Chandrakant Dayalji Thakker - Director
- Mihir Chandrakant Thakker - Director
- Omprakash Bhajanlal Agrawal - Director
- Philomena Visitation Pereira - Director
- Ashok Ganeshram Bohra - Director
The latest financial statements of Ashte Logistics on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 20 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ashte Logistics is 27AAFCA6034J1ZO, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ashte Logistics is U63090MH2006PTC159421. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashte Logistics has 129 court cases on record: 1 filed by the company and 128 filed against it. 8 are pending. Most are in the district courts.
Ashte Logistics was incorporated on 01 February 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
Ashte Logistics has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.03 Cr; the latest was in February 2014.
Mihir Chandrakant Thakker ceased to be Additional Director on 13 Jul 2023. Mihir Chandrakant Thakker was appointed as Director on 10 Dec 2022. Vishakha Chandrakant Thakker ceased to be Director on 15 Nov 2022. Ashte Logistics has 17 board changes on record in total.
Yes, Ashte Logistics is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0001424).
Ashte Logistics has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 8 overdue payments to 3 micro and small suppliers. The latest return was filed on 04 Jun 2024.