East West Holdings

Mumbai, India Listed
Global freight forwarding services for air, ocean, road, and rail transport.

About East West Holdings

East West Holdings is a publicly listed company based in Mumbai (India). Global freight forwarding services for air, ocean, road, and rail transport. It operates on a B2B model. Its Indian entity East West Freight Carriers Limited reported revenue of ₹205 Cr. East West Holdings offers products and services including Air Freight, Ocean Freight, Road Freight, Rail Transport, and Project Cargo. Its focus areas include Healthcare, Pharma Logistics, Supply Chain and Temperature-Controlled Transport. Its competitors include Allcargo Logistics and CJ Darcl; 2 of its 2 listed competitors have raised funding.

Company details

East West Freight Carriers Limited offers comprehensive logistics services such as air, ocean, road, and rail freight, along with project cargo and warehousing. Based in Mumbai, India, with offices in 14 cities and global associates in 75 countries, they provide personalized solutions to businesses for efficient transportation and supply chain management. They serve various industries, ensuring timely deliveries and cost-effective operations.

Key Metrics
  • Market Cap
    ₹32.28 Cr

    EASTWEST · NSE

  • Share Price
    ₹2.49

    -1.58% today

  • Revenue
    ₹202 Cr

    FY 2025-26 · -29.3% YoY

  • EBITDA
    ₹1.89 Cr

    Margin 0.9%

  • Net Profit
    −₹3.98 Cr

    FY 2025-26 · -423.6% YoY

Products & Services of East West Holdings

East West Holdings offers a comprehensive portfolio of products and services, including Air Freight, Ocean Freight, Road Freight, Rail Transport, and Project Cargo.

Air Freight
Freight Services

Export and import services for various goods with time restrictions.

Ocean Freight
Freight Services

Shipping solutions from manufacturers to markets worldwide.

Road Freight
Freight Services

Cost-efficient transport to reduce expenses and improve efficiencies.

Rail Transport
Freight Services

Bespoke logistics for clients using pan-India network.

Project Cargo
Specialized Services

Single-point contact for cargo inquiries and planning.

Pharma Services
Specialized Services

Temperature-controlled transport for pharmaceutical goods.

Custom Brokerage
Support Services

Custom clearing services from India for imports and exports.

Smart Warehouses
Warehousing

Warehousing solutions to enhance efficiency and reduce overheads.

Board of directors of East West Freight Carriers Limited (East West Holdings)

East West Freight Carriers Limited is the primary company behind East West Holdings. The board of East West Freight Carriers Limited currently have 6 directors; the longest-serving is Shafi Mohammad, appointed in 2018. 16 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Shafi Mohammad
DIN 00198984
Director22 May 20188 yrs 5 moEast West Freight Carriers Limited
Ajaz Shafi Mohammed
DIN 00176360
Managing Director22 May 20188 yrs 5 moEast West Freight Carriers Limited
Suresh Gopinathan Menon
DIN 01747618
Whole-time director12 Aug 20224 yrs 3 moEast West Freight Carriers Limited
Suman Jhakal
DIN 09722929
Director05 Sep 20224 yrs 2 moEast West Freight Carriers Limited
Rajesh Narendra Thakrar
DIN 10886640
Director10 Jan 20251 yr 10 moEast West Freight Carriers Limited
Manish Satish Synghal
DIN 01450135
Director01 Apr 20267 moEast West Freight Carriers Limited

IPO & Listings of East West Holdings

East West Holdings is a publicly listed company on the NSE with ticker symbol EASTWEST in India. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • Listed onNSE: EASTWEST
  • Listed entityEast West Freight Carriers Limited

Financials of East West Holdings

Exchange-reported figures of East West Freight Carriers Limited, the listed company behind East West Holdings (NSE: EASTWEST).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹202 Cr
-29.3% YoY
EBITDA
₹1.89 Cr
-82.7% YoY
Profit After Tax
−₹3.98 Cr
-423.6% YoY
Net Worth
₹62.77 Cr
-6.4% YoY
Total Assets
₹137 Cr
-2.1% YoY
Total Debt
₹71.12 Cr
+1.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue202285208250230161197
Revenue growth-29.3%+36.9%-16.6%+8.8%+42.4%-17.9%-
EBITDA1.8910.9212.517.9611.468.698.88
EBITDA margin+0.9%+3.8%+6.0%+3.2%+5.0%+5.4%+4.5%
Profit before tax(4.53)2.358.63(0.80)4.130.522.43
Net profit(3.98)1.230.07(1.09)2.80(0.19)1.35
Net profit margin-2.0%+0.4%+0.0%-0.4%+1.2%-0.1%+0.7%
EPS (₹)(0.31)0.100.50(0.09)0.24(0.07)0.78
Balance sheet
Total assets137140127155144134129
Net worth62.7767.0565.8162.1772.9761.4762.68
Total debt71.1270.0658.8686.9869.0969.2363.46
Cash & bank4.886.487.878.7713.218.698.39
Net working capital96.1397.8984.3387.6084.4670.3664.70
Cash flow
Cash from operations4.42(4.22)13.284.44(2.45)3.88(1.43)
Cash from investing2.120.2820.73(21.21)(6.60)(2.33)(2.65)
Cash from financing(6.85)3.54(35.07)13.8413.31(2.15)2.36
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue45.5644.3145.5955.1756.5658.9365.4868.21
Revenue growth (YoY)-19.5%-24.8%-30.4%-19.1%-39.0%---
Other income0.002.670.070.170.130.930.160.18
EBITDA3.270.53(1.04)(0.24)2.641.432.672.56
EBITDA margin+7.2%+1.2%-2.3%-0.4%+4.7%+2.4%+4.1%+3.8%
Depreciation0.440.210.430.390.450.290.540.54
Interest2.371.841.751.802.581.571.931.87
Profit before tax0.461.15(3.15)(2.26)(0.26)0.500.360.33
Tax0.170.63(0.80)(0.62)(0.01)0.080.050.24
Net profit0.290.52(2.35)(1.64)(0.25)0.420.310.09
EPS (₹)0.020.03(0.18)(0.13)(0.03)0.020.05(0.02)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue18227019823913.545.848.56
Revenue growth-32.8%+36.6%-17.3%+1668.2%+131.9%-31.8%-
EBITDA(0.17)8.9110.567.16(0.54)(0.31)(0.52)
EBITDA margin-0.1%+3.3%+5.3%+3.0%-4.0%-5.3%-6.1%
Profit before tax(5.80)1.147.23(1.36)0.080.350.05
Net profit(4.62)0.56(0.85)(1.51)0.060.250.04
Net profit margin-2.5%+0.2%-0.4%-0.6%+0.4%+4.3%+0.5%
EPS (₹)(0.36)0.050.44(0.12)0.010.140.02
Balance sheet
Total assets13113412315262.0553.4054.29
Net worth60.3365.3064.7361.9862.0553.4054.28
Total debt69.5568.2257.9486.910.000.000.00
Cash & bank4.496.176.897.954.120.240.10
Net working capital89.5392.7979.4583.674.94(0.51)1.01
Cash flow
Cash from operations4.21(4.92)12.234.05(2.31)0.88(0.33)
Cash from investing2.492.4721.18(20.92)(5.76)(0.61)(1.16)
Cash from financing(7.11)2.73(34.63)13.4411.96(0.13)(0.18)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue40.6936.4740.8150.9853.4654.1162.0264.90
Revenue growth (YoY)-23.9%-32.6%-34.2%-21.5%-40.2%---
Other income0.002.660.070.160.130.810.150.18
Total expenses38.0836.9441.9951.5451.4253.3359.6962.79
EBITDA2.61(0.47)(1.18)(0.56)2.040.782.332.11
EBITDA margin+6.4%-1.3%-2.9%-1.1%+3.8%+1.4%+3.8%+3.3%
Depreciation0.24(0.07)0.270.270.270.090.320.32
Interest2.331.791.711.872.541.521.881.82
Profit before tax0.040.47(3.09)(2.54)(0.64)(0.02)0.280.15
Tax0.050.39(0.77)(0.69)(0.10)(0.03)0.040.15

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 12 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue45.5644.3145.5955.1756.5658.9365.4868.21
Revenue growth (YoY)-19.5%-24.8%-30.4%-19.1%-39.0%---
Other income0.002.670.070.170.130.930.160.18
EBITDA3.270.53(1.04)(0.24)2.641.432.672.56
EBITDA margin+7.2%+1.2%-2.3%-0.4%+4.7%+2.4%+4.1%+3.8%
Depreciation0.440.210.430.390.450.290.540.54
Interest2.371.841.751.802.581.571.931.87
Profit before tax0.461.15(3.15)(2.26)(0.26)0.500.360.33
Tax0.170.63(0.80)(0.62)(0.01)0.080.050.24
Net profit0.290.52(2.35)(1.64)(0.25)0.420.310.09
EPS (₹)0.020.03(0.18)(0.13)(0.03)0.020.05(0.02)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue202285208250230161197
Revenue growth-29.3%+36.9%-16.6%+8.8%+42.4%-17.9%-
Other income3.031.299.061.040.850.791.35
Total expenses200274196242218153188
Employee cost0.0015.1813.5112.188.796.499.28
EBITDA1.8910.9212.517.9611.468.698.88
EBITDA margin+0.9%+3.8%+6.0%+3.2%+5.0%+5.4%+4.5%
Depreciation1.491.761.961.771.461.571.46
Interest7.968.1010.988.036.727.396.34
Profit before tax(4.53)2.358.63(0.80)4.130.522.43
Tax(0.78)0.821.910.271.310.651.07
Net profit(3.98)1.230.07(1.09)2.80(0.19)1.35
Net profit margin-2.0%+0.4%+0.0%-0.4%+1.2%-0.1%+0.7%
EPS (₹)(0.31)0.100.50(0.09)0.24(0.07)0.78
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital25.5225.5225.5224.6224.1017.5317.53
Reserves & surplus37.2541.5340.2936.0046.7343.9445.15
Shareholders' funds (net worth)62.7767.0565.8162.1772.9761.4762.68
Minority interest1.811.591.362.19(0.04)(0.04)(0.04)
Secured loans67.1761.2950.8675.4965.7265.6763.46
Unsecured loans3.958.778.0011.493.373.560.00
Total debt71.1270.0658.8686.9869.0969.2363.46
Total liabilities137140127155144134129
Assets
Gross block47.6248.0846.9275.2056.6756.0557.99
Net block38.8940.4138.7163.3147.1147.7948.09
Capital work in progress1.651.651.651.659.259.259.25
Investments0.531.033.011.762.785.455.52
Inventories0.000.000.000.000.000.000.00
Sundry debtors81.2573.9472.8366.0862.4062.4750.39
Cash & bank balances4.886.487.878.7713.218.698.39
Loans & advances22.8228.0815.3021.1316.4111.7115.75
Total current assets10910896.0095.9892.0282.8774.53
Total current liabilities12.8210.6111.678.387.5612.519.83
Net working capital96.1397.8984.3387.6084.4670.3664.70
Total assets137140127155144134129
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash3.053.454.507.442.853.455.17
Net cash from operating activities4.42(4.22)13.284.44(2.45)3.88(1.43)
Net cash from investing activities2.120.2820.73(21.21)(6.60)(2.33)(2.65)
Net cash from financing activities(6.85)3.54(35.07)13.8413.31(2.15)2.36
Net change in cash(0.31)(0.40)(1.06)(2.94)4.26(0.60)(1.72)
Closing cash4.886.487.878.7713.218.698.39
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-29.3%+36.9%-16.6%+8.8%+42.4%-17.9%-
EBITDA growth-82.7%-12.7%+57.2%-30.5%+31.9%-2.1%-
PBT growth--72.8%+9998.0%-+694.2%-78.6%-67.7%
Net income growth-423.6%+1657.1%+106.4%-138.9%+1573.7%-114.1%-
Revenue CAGR (3Y)-6.9%+7.5%+8.9%+8.4%-1.0%-9.0%+278.3%
EBITDA CAGR (3Y)-38.1%-1.6%+12.9%-3.6%-5.8%-3.7%+254.1%
Profitability & leverage
Net income margin-1.9%+0.5%+3.2%-0.4%+1.2%-0.1%+0.7%
Return on capital employed-+7.7%+8.1%0.0%+7.8%+6.0%+7.0%
Return on net worth-+2.2%+0.7%0.0%+4.2%-0.3%+2.1%
Debt / equity-0.971.141.151.031.070.91
Long-term debt / equity-0.430.650.690.610.620.45
Interest cover1,990.0088.43104.08129.7367.20103.7985.44
Efficiency & per share
Fixed asset turnover-5.973.413.794.082.833.38
Inventory turnover-0.000.000.000.000.000.00
Debtors turnover-3.893.003.893.682.863.87
EPS (₹)(0.31)0.100.50(0.09)0.24(0.07)0.78
Dividend per share (₹)0.000.000.000.000.000.000.05
Book value per share (₹)0.005.265.164.925.8835.0735.75
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue40.6936.4740.8150.9853.4654.1162.0264.90
Revenue growth (YoY)-23.9%-32.6%-34.2%-21.5%-40.2%---
Other income0.002.660.070.160.130.810.150.18
Total expenses38.0836.9441.9951.5451.4253.3359.6962.79
EBITDA2.61(0.47)(1.18)(0.56)2.040.782.332.11
EBITDA margin+6.4%-1.3%-2.9%-1.1%+3.8%+1.4%+3.8%+3.3%
Depreciation0.24(0.07)0.270.270.270.090.320.32
Interest2.331.791.711.872.541.521.881.82
Profit before tax0.040.47(3.09)(2.54)(0.64)(0.02)0.280.15
Tax0.050.39(0.77)(0.69)(0.10)(0.03)0.040.15
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue18227019823913.545.848.56
Revenue growth-32.8%+36.6%-17.3%+1668.2%+131.9%-31.8%-
Other income3.021.209.051.020.620.660.57
Total expenses18226218723214.086.159.08
Employee cost0.0011.9011.3910.190.270.110.22
EBITDA(0.17)8.9110.567.16(0.54)(0.31)(0.52)
EBITDA margin-0.1%+3.3%+5.3%+3.0%-4.0%-5.3%-6.1%
Depreciation0.741.041.441.530.000.000.00
Interest7.917.9310.948.010.000.000.00
Profit before tax(5.80)1.147.23(1.36)0.080.350.05
Tax(1.18)0.511.560.140.020.100.01
Net profit(4.62)0.56(0.85)(1.51)0.060.250.04
Net profit margin-2.5%+0.2%-0.4%-0.6%+0.4%+4.3%+0.5%
EPS (₹)(0.36)0.050.44(0.12)0.010.140.02
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital25.5225.5225.5224.6224.1017.5317.53
Reserves & surplus34.8139.7839.2135.8135.8135.8736.75
Shareholders' funds (net worth)60.3365.3064.7361.9862.0553.4054.28
Secured loans66.1460.3350.8675.440.000.000.00
Unsecured loans3.417.897.0811.470.000.000.00
Total debt69.5568.2257.9486.910.000.000.00
Total liabilities13113412315262.0553.4054.29
Assets
Gross block42.7443.0443.2972.690.010.000.00
Net block36.4637.1836.9662.170.010.000.00
Capital work in progress1.651.651.651.650.000.000.00
Investments3.534.036.013.7642.2244.9345.09
Inventories0.000.000.000.000.000.000.00
Sundry debtors73.7869.8169.7963.382.180.912.83
Cash & bank balances4.496.176.897.954.120.240.10
Loans & advances20.3425.9213.4319.930.770.901.12
Total current assets98.6110290.1191.267.072.054.05
Total current liabilities9.089.1110.667.592.132.563.04
Net working capital89.5392.7979.4583.674.94(0.51)1.01
Total assets13113412315262.0553.4054.29
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash2.752.473.687.110.240.101.77
Net cash from operating activities4.21(4.92)12.234.05(2.31)0.88(0.33)
Net cash from investing activities2.492.4721.18(20.92)(5.76)(0.61)(1.16)
Net cash from financing activities(7.11)2.73(34.63)13.4411.96(0.13)(0.18)
Net change in cash(0.40)0.28(1.21)(3.43)3.890.14(1.67)
Closing cash4.496.176.897.954.120.240.10
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-32.8%+36.6%-17.3%+1668.2%+131.9%-31.8%-
EBITDA growth-101.9%-15.6%+47.5%+1425.9%-74.2%+40.4%-
PBT growth--84.2%+9998.0%--77.1%+600.0%-94.1%
Net income growth-925.0%+165.9%+43.7%-2616.7%-76.0%+525.0%-
Revenue CAGR (3Y)-8.8%+171.3%+223.7%+203.6%+108.2%+93.2%+33.1%
EBITDA CAGR (3Y)----+19.1%--
Profitability & leverage
Net income margin-2.5%+0.2%+2.9%-0.6%+0.4%+4.3%+0.5%
Return on capital employed-+6.7%+7.1%0.0%+0.1%+0.6%+0.1%
Return on net worth-+0.8%-1.3%0.0%+0.1%+0.5%+0.1%
Debt / equity-0.971.140.700.000.000.00
Long-term debt / equity-0.430.650.420.000.000.00
Interest cover-869.23100.76119.96142.270.000.000.00
Efficiency & per share
Fixed asset turnover-6.253.416.592,708.000.000.00
Inventory turnover-0.000.000.000.000.000.00
Debtors turnover-3.882.977.308.763.123.71
EPS (₹)(0.36)0.050.44(0.12)0.010.140.02
Dividend per share (₹)0.000.000.000.000.000.000.05
Book value per share (₹)0.005.125.074.914.9730.4630.97

Competitors of East West Holdings

East West Holdings has 2 listed competitors in our database, 2 of them funded. They include Allcargo Logistics and CJ Darcl.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
allcargologistics.com1993Mumbai, India$18M182
Multi-modal freight transportation, warehousing, and logistics services are provided globally.
cjdarcl.com1975Gurugram, India$17.31M6,166
Multi-modal freight forwarding, logistics, and warehousing services are provided.
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Top companies in Cold Chain Logistics

3 companies that operate in the same segment as East West Holdings (Cold Chain Logistics) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Integrated temperature-controlled logistics services are provided for sensitive products.
1993Delhi, Delhi, IndiaUSD 10.4 MUSD 64.38 M541
Cold chain logistics solutions are booked through an online platform.
2020Navi Mumbai, Maharashtra, IndiaUSD 56.2 MUSD 5.13 M182
Provider of cold chain and dry logistics services
2018Mumbai, Maharashtra, IndiaUSD 1.98 MUSD 953.26 K58
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Frequently Asked Questions about East West Holdings

East West Holdings is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

The primary company behind East West Holdings, East West Freight Carriers Limited, reported revenue of ₹205 Cr for FY 2026, down 29% year on year.

East West Freight Carriers Limited offers comprehensive logistics services such as air, ocean, road, and rail freight, along with project cargo and warehousing. Based in Mumbai, India, with offices in 14 cities and global associates in 75 countries, they provide personalized solutions to businesses for efficient transportation and supply chain management. They serve various industries, ensuring timely deliveries and cost-effective operations.

East West Holdings's top competitors include Allcargo Logistics and CJ Darcl.

East West Holdings offers Air Freight, Ocean Freight, Road Freight, Rail Transport, and 4 more products and services.

Yes, East West Holdings is publicly traded on NSE under the ticker symbol EASTWEST.

East West Holdings operates through East West Freight Carriers Limited.

The legal entities of East West Holdings currently have 8 directors, including Shafi Mohammad, Ajaz Shafi Mohammed, Suresh Gopinathan Menon and others.

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