Budget Cargo India Private Limited
About Budget Cargo India Private Limited
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Budget Cargo India Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Singtec Logistics Asia Pte Limited. It operates in the cargo services segment of the transport and logistics sector. It was incorporated on 19 November 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63010MH2008PTC188336. Its GSTIN is 27AADCB7244B1Z0 (Maharashtra). The company holds 10 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹55 Lakh and a paid-up capital of ₹50.4 Lakh. It is led by directors including Fazley Nehal Houda and Ritam Adhikary.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹87.64 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹20.88 Lakh (net margin 0.2%) and EBITDA of ₹32.05 Lakh (EBITDA margin 0.4%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 4% over five years.
The company has about 23 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹39.9 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Budget Cargo India Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressB – 403 4th Floor Satellite Gazebo Mahakali Caves Road Chakala Andheri – Ea, St, Mumbai, Maharashtra, India – 400069
- IndustryTransport and Logistics, Cargo Services
To see the full contact details of Budget Cargo India 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 Budget Cargo India 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 Budget Cargo India Private Limited, buy the company report.
Financials of Budget Cargo India Private Limited
FY 2024 filings availableBudget Cargo India Private Limited reported revenue of ₹87.64 Cr (down 12% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 64% 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 | ₹32.05 Lakh | ||||
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| Net Profit (PAT) | ₹20.88 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 | 0.4% | ||||
| Net Profit Margin | 0.2% | ||||
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To see the full financial statements and ratios of Budget Cargo India Private Limited, buy the company report.
Board of directors of Budget Cargo India Private Limited
Budget Cargo India has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Fazley Nehal Houda Also directs: Arabia Cargo Private Limited, Total Cargo Management Private Limited, MGH Logistics Private Limited and 4 more | Director | 01 Apr 2010 | 16 Years 7 Months | Current |
| Ritam Adhikary Also directs: MGH Healthcare Private Limited, Arabia Cargo Private Limited, Total Cargo Management Private Limited and 5 more | Director | 16 Apr 2013 | 13 Years 6 Months | Current |
| Himanshu Subhashchandra Pant Also directs: MGH Healthcare Private Limited, Arabia Cargo Private Limited, Total Cargo Management Private Limited and 5 more | Additional Director | 08 Aug 2022 | 4 Years 2 Months | Current |
Peer comparison
Budget Cargo India Private Limited is compared with the 3 companies closest to it by revenue in the Transport and Logistics industry (Bulk Cargo and Container), 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 |
|---|---|---|---|---|---|---|
| Seabird Marine Services (Gujarat) Private Limited | ₹101.31 Cr (FY 2023) | 10.0% | Jamnagar, Gujarat, India | |||
| Ace Commercial Company Private Limited | ₹95.07 Cr (FY 2024) | 36.0% | Bhubaneswar, Odisha, India | |||
| Budget Cargo India Private Limitedthis company | ₹87.64 Cr (FY 2024) | ₹20.88 Lakh | 0.2% | -12.0% | 23 | Mumbai, Maharashtra, India |
| Ennore Bulk Terminal Private Limited | ₹87.51 Cr (FY 2025) | 72.0% | Goa, India |
To see the full peer comparison of Budget Cargo India Private Limited, buy the company report.
Auditor
Budget Cargo India Private Limited is audited by A K Kocchar & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A K Kocchar & Associates | FY 2023 | 120410W |
Shareholding
The shareholding of Budget Cargo India 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 Budget Cargo India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2021 | 100429579 | Standard Chartered Bank | ₹19.95 Cr | Open | |
| 30 Mar 2021 | 100429577 | Standard Chartered Bank | ₹19.95 Cr | Open |
To see the full charge records of Budget Cargo India Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Budget Cargo India 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 Budget Cargo India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Budget Cargo India Private Limited has a workforce of 23 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Budget Cargo India has 10 GST registrations: 9 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCB7244B1Z0 | Maharashtra | Active | 01 Jul 2017 |
| 08AADCB7244B1Z0 | Rajasthan | Active | 14 Jul 2017 |
| 36AADCB7244B1Z1 | Telangana | Active | 14 Jul 2017 |
| 32AADCB7244B1Z9 | Kerala | Active | 15 Jul 2017 |
To see the full GST registrations and return filing status of Budget Cargo India Private Limited, buy the company report.
Recent activity
Budget Cargo India Private Limited has 9 board changes on record since 2009: 3 appointments and 6 cessations. The latest: Himanshu Subhashchandra Pant was appointed as Additional Director on 08 Aug 2022.
4 earlier events are in the company report.
Frequently asked questions
Budget Cargo India 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 19 November 2008 (18+ years old) and is registered under CIN U63010MH2008PTC188336.
Budget Cargo India has 3 current directors:
- Fazley Nehal Houda - Director
- Ritam Adhikary - Director
- Himanshu Subhashchandra Pant - Additional Director
The latest financial statements of Budget Cargo India 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 2015 are in the company report.
The GSTIN of Budget Cargo India is 27AADCB7244B1Z0, registered in Maharashtra. The company has 10 GST registrations in all, of which 9 are active and 1 is cancelled or inactive. Other active GSTINs include 08AADCB7244B1Z0 (Rajasthan), 36AADCB7244B1Z1 (Telangana), 32AADCB7244B1Z9 (Kerala).
The CIN (Corporate Identification Number) of Budget Cargo India is U63010MH2008PTC188336. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Budget Cargo India was incorporated on 19 November 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Budget Cargo India by revenue are Seabird Marine Services (Gujarat) Private Limited, Ace Commercial Company Private Limited, Ennore Bulk Terminal Private Limited, all in the Transport and Logistics industry (Bulk Cargo and Container), with the same principal business activity (services incidental to land, water & air transportation).
Himanshu Subhashchandra Pant was appointed as Additional Director on 08 Aug 2022. Ritam Adhikary ceased to be Additional Director on 30 Sep 2013. Taranvir Singh Ugal ceased to be Additional Director on 18 Apr 2013. Budget Cargo India has 9 board changes on record in total.
The registered office of Budget Cargo India is at B – 403 4th Floor Satellite Gazebo Mahakali Caves Road Chakala Andheri – Ea, St, Mumbai, Maharashtra, India – 400069.
Budget Cargo India operates in the transport and logistics industry, in the cargo services segment.
Budget Cargo India has open charges of ₹39.9 Cr and no satisfied charges on record as per latest MCA filings.
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