About Caravel Group
Caravel Group is a Transportation, Automotive & Logistics company based in Wan Chai (China) founded in 2013, and was acquired by Square Chain in March 2019. Sea-based trading and transportation services are provided globally. The company has 2 employees. Its chief executive, as recorded, is Harindarpal Singh Banga. Its website caravel-group.com draws about 12 thousand monthly visits. Its Indian entity Caravel Resources (India) Private Limited reported revenue of ₹3.48 Cr. Its focus areas include Transportation and Logistics, Maritime Shipping and Maritime Transportation.
Company details
Caravel Group was founded in 2013 and is headquartered in Wan Chai, China. Operations focus on the maritime sector, where sea-based trading and transportation services are offered to clients. These services encompass logistics and freight management across international routes. The company is led by CEO Harindarpal Singh Banga, with activities centered on efficient supply chain solutions in the shipping industry.
- Headquarters Wan Chai, China
- Employees 2
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website caravel-group.com
- Social LinkedIn
- Acquired by Square Chain (Mar 2019)
- Legal Name Caravel Resources (India) Private Limited
- Date of Incorporation 03 Apr, 2014
- Jurisdiction Gurgaon, Haryana, India
- Indian entity revenue₹3.48 Cr
FY 2022 · 0% YoY
- Indian entity net profit₹53.2 Lakh
FY 2022 · 15% margin
- Indian entity EBITDA₹36.6 Lakh
FY 2022 · 10% margin
- Investors
- Employee Count2
- Acquired bySquare Chain
(Mar 2019)
Associated legal entities of Caravel Group
Caravel Group operates through Caravel Resources (India) Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Caravel Resources (India) Private Limited CIN U14211HR2014FTC052381 | Active | 03 Apr 2014 | Gurgaon, Haryana | ₹3.5 Cr | 2 | 2 | View details |
Investors in Caravel Group
Caravel Group has secured backing from 1 investor. Prominent investors backing the company include Square Chain.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Blockchain development services are provided to clients by Square Chain. | 1994 | squarechain.io | North Las Vegas, United States |
Investor details for Caravel Group
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Board of directors of Caravel Resources (India) Private Limited (Caravel Group)
Caravel Resources (India) Private Limited is the primary company behind Caravel Group. The board of Caravel Resources (India) Private Limited currently have 2 directors; the longest-serving is Debashish Banerjee, appointed in 2014. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Debashish Banerjee DIN 06952856 | Whole-time director | 29 Sep 2014 | 12 yrs 1 mo | Caravel Resources (India) Private Limited |
| Ravikumar Lakshmipathy DIN 07531990 | Director | 09 Jun 2016 | 10 yrs 4 mo | Caravel Resources (India) Private Limited |
People of Caravel Group
17 people are tracked at Caravel Group (14 in leadership, 3 in team); the tracked headcount is 2.
| Name | Role | Group |
|---|---|---|
Harindarpal Singh Banga | CEO | Leadership |
Bin Han | Senoir Vice President - Commodity Derivatives Trading | Leadership |
Henrietta Lee | Managing Director | Leadership |
Michelle | General Manager- Research | Leadership |
Sameer Panwar | Senior Vice President | Leadership |
Tony Reynolds | Group Human Resources Director | Leadership |
Harry S. Banga | Chairman & CEO | Leadership |
Angad Banga | COO | Leadership |
Kishore Rajvanshy | Managing Director Fleet Management | Leadership |
Liu Ke | Country Head – China | Leadership |
Emily Dunn | General Manager, Corporate Communications | Leadership |
Anuj Saxena | Director | Leadership |
Andy B. | Chief Investment Officer | Leadership |
Katherine N. | Vice President, Trading | Leadership |
Aditi Garg | Group Legal Counsel At The Caravel Group | Team |
Karan Parmanandka | Investor | Team |
Fred Lam | Global Cyclicals | Team |
Complete people profiles for Caravel Group
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Financials of Caravel Group
Figures of Caravel Resources (India) Private Limited, the primary company behind Caravel Group, for FY 2022. Revenue was ₹3.48 Cr (0% year on year). Net profit was ₹53.2 Lakh (15% margin). EBITDA was ₹36.6 Lakh (10% margin). Revenue has grown at a compounded annual rate of -7% over three years and -3% over five years.
- ₹3.48 CrRevenue · FY 2022 · 0% YoY
- ₹53.2 LakhNet profit · 15% margin
- ₹36.6 LakhEBITDA · 10% margin
- ₹2.50 CrPaid-up capital
- 2Employees (provident fund records)
- -7%Revenue CAGR, 3 years
- -3%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Caravel Resources (India) Private Limited are on its company page.
Detailed financial statements for Caravel Group
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Timeline of Caravel Group
2 dated milestones of Caravel Group across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Caravel Group is founded.
- Exit Acquired by Square Chain.
Web traffic of Caravel Group
The website of Caravel Group (caravel-group.com) receives about 11.7K visits a month.
- Monthly visits11.7K
▲ 168.9% vs previous month
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Frequently Asked Questions about Caravel Group
Caravel Group was founded in 2013.
Caravel Group is headquartered in Wan Chai, China. It is registered at Wan Chai, Hong Kong, China.
Harindarpal Singh Banga is the CEO of Caravel Group, as recorded in our data.
Caravel Group has 2 employees.
The primary company behind Caravel Group, Caravel Resources (India) Private Limited, reported revenue of ₹3.48 Cr for FY 2022, down 0% year on year.
Caravel Group was founded in 2013 and is headquartered in Wan Chai, China. Operations focus on the maritime sector, where sea-based trading and transportation services are offered to clients. These services encompass logistics and freight management across international routes. The company is led by CEO Harindarpal Singh Banga, with activities centered on efficient supply chain solutions in the shipping industry.
Caravel Group has 1 investor. Key investors include Square Chain.
Caravel Group operates through Caravel Resources (India) Private Limited.
Yes. Caravel Group was acquired by Square Chain in March 2019.
The legal entities of Caravel Group currently have 2 directors, including Ravikumar Lakshmipathy, Debashish Banerjee.