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 123 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. Its 10 peer companies in the Transport and Logistics industry (Bulk Cargo and Container) are compared by revenue, 5 larger and 5 smaller; the largest is Swiftair Transpeed Private Limited with revenue of ₹131.24 Cr. 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 of Ashte Logistics Private Limited
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
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- 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
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Associated Brands with Ashte Logistics Private Limited
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 of Ashte Logistics Private Limited
The main business activity of Ashte Logistics is transport and storage. In detail, this covers land transport via road.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Ashte Logistics Private Limited FY 2025 filings available
Ashte 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) of Ashte Logistics Private Limited
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 of Ashte Logistics Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹14.72 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹8.2 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Ashte Logistics Private Limited
| 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) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ashte Logistics are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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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
Peer Comparison of Ashte Logistics Private Limited
Ashte Logistics Private Limited is compared with the companies closest to it by revenue in the Transport and Logistics industry (Bulk Cargo and Container). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Swiftair Transpeed Private Limited | ₹131.24 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | New Delhi, Delhi, India |
| Century Infra Limited | ₹127.04 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Kolkata, West Bengal, India |
| Calyx Container Terminals Private Limited | ₹125.11 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Mumbai, Maharashtra, India |
| Asia Bulk Sacks Private Limited | ₹121.9 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Kadi, Gujarat, India |
| Zircon Marine Services Private Limited | ₹121.06 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Mumbai, Maharashtra, India |
| Ashte Logistics Private Limited this company | ₹112.36 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Mumbai, Maharashtra, India |
| J S B Cargo Movers Private Limited | ₹112.29 Cr (FY 2022) | •••• | •••• | 202.0% | •••• | Delhi, India |
| Bharat Kolkata Container Terminals Private Limited | ₹111.76 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Kolkata, West Bengal, India |
| Sical Multimodal and Rail Transport Limited | ₹108.99 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Chennai, Tamil Nadu, India |
| Mata Road Carrier Private Limited | ₹108.75 Cr (FY 2023) | •••• | •••• | 10.0% | •••• | Raipur, Chhattisgarh, India |
| Vigilance Services India Private Limited | ₹108.13 Cr (FY 2024) | •••• | •••• | 37.0% | •••• | Kolkata, Telangana, India |
Peers are the five companies nearest above and the five nearest below Ashte Logistics by revenue in the Transport and Logistics industry (Bulk Cargo and Container), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ashte Logistics Private Limited
Ashte Logistics Private Limited is audited by R TRIVEDI & ASSOCIATES for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R TRIVEDI & ASSOCIATES | Locked | Locked | Locked |
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Ownership and Shareholding of Ashte Logistics Private Limited
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Charges & Borrowings of Ashte Logistics Private Limited
Open charges
₹22.4 Cr
Satisfied charges
₹30.72 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Sep 2025 | Others | ₹7.93 Cr | Open |
| 09 Dec 2024 | Others | ₹3.54 Cr | Open |
| 21 Jan 2023 | Others | ₹3 Cr | Open |
| 19 Jan 2023 | Others | ₹2.93 Cr | Open |
| 29 Sep 2021 | Others | ₹5 Cr | Open |
Total charge records: 18 View all charges
Deals & Funding of Ashte Logistics Private Limited
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 |
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Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Ashte Logistics Private Limited
Ashte Logistics Private Limited has 129 court cases on record: 1 filed by Ashte Logistics, 123 filed against it, 5 where it is another party. 8 cases are pending and 121 are disposed. Status as checked between 01 Oct 2026 and 04 Oct 2026.
Total cases
129
Filed by the company
1
Filed against the company
123
Pending
8
Disposed
121
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 125 | 123 | 8 |
| High courts | 4 | 0 | 0 |
Cases on record (5 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 | Pending |
| District court, Raigad, Maharashtra | Civil suit | Filed against the company by State | Disposed |
| Bombay High Court | Writ petition | Company is another party | Disposed |
| Bombay High Court | Writ petition | Company is another party | Disposed |
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Full case history
All 129 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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MSME Payment Delays by Ashte Logistics Private Limited
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 | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Ashte Logistics Private Limited
Ashte Logistics Private Limited has a workforce of 87 employees as of Apr 02, 2024.
Employee count
87
Active EPFO establishments
1
Employee growth
-5.43%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Ashte Logistics Private Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ashte Logistics Private Limited
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Subsidiaries & Group Companies of Ashte Logistics Private Limited
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Corporate group structure
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GST Compliance of Ashte Logistics Private Limited
Ashte Logistics has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCA6034J1ZO | Maharashtra | Active | 01 Jul 2017 |
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MCA Filings & Documents of Ashte Logistics Private Limited
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Frequently Asked Questions about Ashte Logistics Private Limited
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 reported revenue of ₹112.36 Cr for FY 2025 (up 16% YoY).
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
Ashte Logistics reported a net profit of ₹8.2 Cr (net margin 7.3%) and EBITDA of ₹14.72 Cr (EBITDA margin 13.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ashte Logistics is 8% over three years and 4% over five years. In the latest year (FY 2025) revenue rose 16%. CAGR is the steady yearly rate that links the first and the last year.
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 123 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.
The peers of Ashte Logistics by revenue are Swiftair Transpeed Private Limited, Century Infra Limited, Calyx Container Terminals Private Limited, Asia Bulk Sacks Private Limited, Zircon Marine Services Private Limited and 5 more, all in the Transport and Logistics industry (Bulk Cargo and Container).
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.