Bayone Cargo Forwarders Private Limited
About Bayone Cargo Forwarders Private Limited
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Bayone Cargo Forwarders Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the carrying and forwarding agents (cfa) segment of the transport and logistics sector. It was incorporated on 31 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2018PTC113593. Its GSTIN is 29AAHCB8584A1ZH (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Bonigum Subbarao Ushaskandhavi and Panchakar Suresh Sangeetha.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.59 Cr, a decline of 53% compared to the previous year. For the same year it recorded a net profit of ₹2.27 Lakh (net margin 1.4%) and EBITDA of ₹4.04 Lakh (EBITDA margin 2.5%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 35% over five years.
Company details
Contact details
Bayone Cargo Forwarders Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo 25 K G I Airport Road Vidyanagar Cross Bengaluru North Bangal, Ore, Bangalore, Karnataka, India – 562157
- IndustryTransport and Logistics, Carrying & Forwarding Agents (CFA)
To see the full contact details of Bayone Cargo Forwarders Private Limited, buy the company report.
- 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
Business activity
The main business activity of Bayone Cargo Forwarders 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 Bayone Cargo Forwarders Private Limited, buy the company report.
Financials of Bayone Cargo Forwarders Private Limited
FY 2024 filings availableBayone Cargo Forwarders Private Limited reported revenue of ₹1.59 Cr (down 53% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 53% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 35%. EBITDA fell 45% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹4.04 Lakh | ||||
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| Net Profit (PAT) | ₹2.27 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 2.5% | ||||
| Net Profit Margin | 1.4% | ||||
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To see the full financial statements and ratios of Bayone Cargo Forwarders Private Limited, buy the company report.
Board of directors of Bayone Cargo Forwarders Private Limited
Bayone Cargo Forwarders has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bonigum Subbarao Ushaskandhavi | Additional Director | 04 Mar 2023 | 3 Years 7 Months | Current |
| Panchakar Suresh Sangeetha | Additional Director | 03 Apr 2023 | 3 Years 7 Months | Current |
Peer comparison
Bayone Cargo Forwarders Private Limited is compared with the 3 companies closest to it by revenue in the Transport and Logistics industry (Carrying and Forwarding Agents), with the same principal business activity (services incidental to land, water & air transportation), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Moksh Global Freight Forwarders Private Limited | ₹1.66 Cr (FY 2018) | 21.0% | New Delhi, Delhi, India | |||
| Bayone Cargo Forwarders Private Limitedthis company | ₹1.59 Cr (FY 2024) | ₹2.27 Lakh | 1.4% | -53.0% | Bangalore, Karnataka, India | |
| S.S. Air Messageries Private Limited | ₹1.58 Cr (FY 2024) | 353.0% | Delhi, India | |||
| Ever Green Forwarders Private Limited | ₹1.58 Cr (FY 2025) | 30.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Bayone Cargo Forwarders Private Limited, buy the company report.
Auditor
Bayone Cargo Forwarders Private Limited is audited by P. Babu and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P. Babu and Associates | FY 2023 | 252993 |
Shareholding
The shareholding of Bayone Cargo Forwarders 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 Bayone Cargo Forwarders Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Bayone Cargo Forwarders Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bayone Cargo Forwarders Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bayone Cargo Forwarders has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCB8584A1ZH | Karnataka | Active | 12 Oct 2018 |
To see the full GST registrations and return filing status of Bayone Cargo Forwarders Private Limited, buy the company report.
Recent activity
Bayone Cargo Forwarders Private Limited has 4 board changes on record since 2023: 2 appointments and 2 cessations. The latest: Devi Kasthurirangan ceased to be Director on 11 May 2023.
Frequently asked questions
Bayone Cargo Forwarders is an active private limited company based in Bangalore, Karnataka, India. The company works in carrying and forwarding agents (cfa), within the transport and logistics industry. It was incorporated on 31 May 2018 (8+ years old) and is registered under CIN U74999KA2018PTC113593.
Bayone Cargo Forwarders has 2 current directors:
- Bonigum Subbarao Ushaskandhavi - Additional Director
- Panchakar Suresh Sangeetha - Additional Director
The latest financial statements of Bayone Cargo Forwarders on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Bayone Cargo Forwarders is 29AAHCB8584A1ZH, registered in Karnataka.
The CIN (Corporate Identification Number) of Bayone Cargo Forwarders is U74999KA2018PTC113593. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bayone Cargo Forwarders was incorporated on 31 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Bayone Cargo Forwarders by revenue are Moksh Global Freight Forwarders Private Limited, S.S. Air Messageries Private Limited, Ever Green Forwarders Private Limited, all in the Transport and Logistics industry (Carrying and Forwarding Agents), with the same principal business activity (services incidental to land, water & air transportation).
Devi Kasthurirangan ceased to be Director on 11 May 2023. Panchakar Suresh Sangeetha was appointed as Additional Director on 03 Apr 2023. Sureshkumar Manimegalai ceased to be Director on 11 Mar 2023. Bayone Cargo Forwarders has 4 board changes on record in total.
The registered office of Bayone Cargo Forwarders is at No 25 K G I Airport Road Vidyanagar Cross Bengaluru North Bangal, Ore, Bangalore, Karnataka, India – 562157.
Bayone Cargo Forwarders operates in the transport and logistics industry, in the carrying and forwarding agents (cfa) segment.
Bayone Cargo Forwarders can be reached at its registered office: No 25 K G I Airport Road Vidyanagar Cross Bengaluru North Bangal, Ore, Bangalore, Karnataka, India – 562157.
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