About Cargowings Logistics Limited
Data last updated:
Cargowings Logistics Limited is a public limited company based in Chennai, Tamil Nadu, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 22 June 2012.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U60231TN2012PLC086461. Its GSTIN is 33AAFCC1269F1ZZ (Tamil Nadu).
The company has an authorised share capital of ₹25.35 Cr and a paid-up capital of ₹25.28 Cr. It was formerly known as Cargowings Logistics Private Limited. It is led by directors including Puthucode Viswanathan Subramani (Managing Director) and Savithri Subramani.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at New Door No. 37 Lokesh Tower Kodambakkam High Road Nungambakkam, Chennai, Tamil Nadu, India – 600034.
As per the financials filed for FY 2019, the company reported a revenue of ₹85.41 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net loss of ₹13.01 Cr (net margin -15.2%) and EBITDA of ₹12.93 Cr (EBITDA margin 15.1%).
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Cargo Wings Logistics. As per MCA filings, the company has open charges of ₹61.17 Cr and satisfied charges of ₹69.86 Cr on record. Court records list 138 cases involving the company, including 38 filed by the company and 100 filed against it; 8 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹35.8 Cr; the latest was in September 2015.
The last known website on record is cargowingslogistics.com.
Company details
CIN history
Cargowings Logistics has one previous CIN (Corporate Identification Number): U60231TN2012PTC086461. The current CIN is U60231TN2012PLC086461, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U60231TN2012PLC086461 | Current |
| U60231TN2012PTC086461 | Previous |
Contact details
Cargowings Logistics Limited's registered office is in Chennai, Tamil Nadu. Its website is cargowingslogistics.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressNew Door No. 37 Lokesh Tower Kodambakkam High Road Nungambakkam, Chennai, Tamil Nadu, India – 600034
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Cargowings Logistics 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
Brands
Cargowings Logistics operates one associated brand: Cargo Wings Logistics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Trucking, logistics, and transportation services are provided globally. | cargowingslogistics.com |
Business activity
The main business activity of Cargowings Logistics is transport and storage. In detail, this covers land transport via road.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road |
To see the full business activity and turnover split of Cargowings Logistics Limited, buy the company report.
Financials of Cargowings Logistics Limited
FY 2019 filings availableCargowings Logistics Limited reported revenue of ₹85.41 Cr (up 22% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 22% in the latest year. EBITDA rose 17% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹85.41 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹12.93 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹13.01 Cr | ||||
| Balance Sheet | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.1% | ||||
| Net Profit Margin | -15.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Cargowings Logistics Limited, buy the company report.
Board of directors of Cargowings Logistics Limited
Cargowings Logistics has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Puthucode Viswanathan Subramani | Managing Director | 22 Jun 2012 | 14 Years 4 Months | As last reported |
| Savithri Subramani | Director | 15 Dec 2015 | 10 Years 10 Months | As last reported |
| Shri Raam Shekher Saraswathi Ramudu Also directs: Kip Restructuring and Insolvency Professionals LLP | Irp/Rp/Liquidator | 10 Jan 2024 | 2 Years 9 Months | As last reported |
| Kaushik Subramani Also directs: Safe Car Wings Private Limited | Director | 15 Dec 2015 | 10 Years 10 Months | As last reported |
Shareholding
The shareholding of Cargowings Logistics Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Cargowings Logistics Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Dec 2019 | 100363339 | Others | ₹9.15 Lakh | Open | |
| 26 Dec 2019 | 100363336 | Others | ₹68.01 Lakh | Open | |
| 29 May 2019 | 100267969 | Others | ₹9.73 Cr | Open | |
| 22 Mar 2019 | 100262418 | Others | ₹1.59 Cr | Open | |
| 22 Mar 2019 | 100262419 | Others | ₹1.23 Cr | Open |
To see the full charge records of Cargowings Logistics Limited, buy the company report.
Total charge records: 76 View all charges
Deals & funding
Cargowings Logistics Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹35.8 Cr; the latest was in September 2015.
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Tvs Supply Chain Solutions Limited |
| Sep 2013 | Funding round | ₹10.8 Cr | Investors: Tvs Supply Chain Solutions Limited |
To see the full deal history of Cargowings Logistics Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Cargowings Logistics Limited has 138 court cases on record: 38 filed by Cargowings Logistics, 100 filed against it. 8 cases are pending and 130 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 81 | 43 | 8 |
| High courts | 56 | 56 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 138)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Coimbatore, Tamil Nadu | Criminal miscellaneous application | Filed against the company by Mahindra and Mahindra Financial Services Ltd., | Pending |
| District court, Coimbatore, Tamil Nadu | Criminal case | Filed against the company by Mahindra and Mahindra Financial Services Ltd., | Pending |
| District court, Faridabad, Haryana | Cheque dishonour complaint | Filed against the company by M/S GT Cargo Fittings India Pvt. Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed against the company by Suryoday Small Finance Bank Ltd | Pending |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed against the company by Shriram Finance Limited, Ao. K. Prasanth | Disposed |
To see the full case history of Cargowings Logistics Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Cargowings Logistics Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Cargowings Logistics Limited has a workforce of 2 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Cargowings Logistics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCC1269F1ZZ | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Cargowings Logistics Limited, buy the company report.
Recent activity
Cargowings Logistics Limited has 13 board changes on record since 2012: 4 appointments and 9 cessations. The latest: Shri Raam Shekher Saraswathi Ramudu was appointed as Irp/Rp/Liquidator on 10 Jan 2024.
114 earlier events are in the company report.
Frequently asked questions
Cargowings Logistics is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Cargowings Logistics is a company under liquidation, formerly operating as a public limited company based in Chennai, Tamil Nadu, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 22 June 2012 and is registered under CIN U60231TN2012PLC086461. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Cargowings Logistics has 4 current directors:
- Puthucode Viswanathan Subramani - Managing Director
- Savithri Subramani - Director
- Kaushik Subramani - Director
- Shri Raam Shekher Saraswathi Ramudu - Irp/Rp/Liquidator
The latest financial statements of Cargowings Logistics on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Cargowings Logistics is U60231TN2012PLC086461. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cargowings Logistics has open charges of ₹61.17 Cr and satisfied charges of ₹69.86 Cr as per latest MCA filings.
Cargowings Logistics has 138 court cases on record: 38 filed by the company and 100 filed against it. 8 are pending. Most are in the district courts.
Cargowings Logistics was incorporated on 22 June 2012. It is registered with the Registrar of Companies, Chennai.
Cargowings Logistics has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹35.8 Cr; the latest was in September 2015.
Shri Raam Shekher Saraswathi Ramudu was appointed as Irp/Rp/Liquidator on 10 Jan 2024. Vikas Jain ceased to be Company Secretary on 22 Mar 2021. Anjana Subramani ceased to be Additional Director on 30 Sep 2016. Cargowings Logistics has 13 board changes on record in total.