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 137 cases involving the company, including 38 filed by the company and 85 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. Its 10 peer companies in the Transport and Logistics industry (Bulk Cargo and Container) are compared by revenue, 5 larger and 5 smaller; the largest is Five Stars Bulkcarriers Private Limited with revenue of ₹92.83 Cr.
The last known website on record is cargowingslogistics.com.
CIN History of Cargowings Logistics Limited
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 |
- EmailLocked
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- Website
- Social MediaLocked
- Registered AddressNew Door No. 37 Lokesh Tower Kodambakkam High Road Nungambakkam, Chennai, Tamil Nadu, India – 600034
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
- 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
- One PDF report, delivered after checkout
Associated Brands with Cargowings Logistics Limited
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 of Cargowings Logistics Limited
The main business activity of Cargowings Logistics is transport and storage. In detail, this covers land transport via road.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Cargowings Logistics Limited FY 2019 filings available
Cargowings Logistics Limited reported revenue of ₹85.41 Cr (up 22% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Cargowings Logistics Limited
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 of Cargowings Logistics Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹12.93 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹13.01 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Cargowings Logistics Limited
| 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) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Cargowings Logistics are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
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 3 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 |
Peer Comparison of Cargowings Logistics Limited
Cargowings Logistics Limited is compared with the companies closest to it by revenue in the Transport and Logistics industry (Bulk Cargo and Container). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Five Stars Bulkcarriers Private Limited | ₹92.83 Cr (FY 2016) | •••• | •••• | -27.0% | •••• | Mumbai, Maharashtra, India |
| Parekh Marine Agencies Private Limited | ₹90.21 Cr (FY 2016) | •••• | •••• | 27.0% | •••• | Mumbai, Maharashtra, India |
| Budget Cargo India Private Limited | ₹87.64 Cr (FY 2024) | •••• | •••• | -12.0% | •••• | Mumbai, Maharashtra, India |
| Ennore Bulk Terminal Private Limited | ₹87.51 Cr (FY 2025) | •••• | •••• | 72.0% | •••• | Goa, India |
| Ashutosh Container Services Private Limited | ₹87.45 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Mumbai, Maharashtra, India |
| Cargowings Logistics Limited this company | ₹85.41 Cr (FY 2019) | •••• | •••• | 22.0% | •••• | Chennai, Tamil Nadu, India |
| Triway Container Freight Station Private Limited | ₹85.14 Cr (FY 2025) | •••• | •••• | -63.0% | •••• | Chennai, Tamil Nadu, India |
| Sure Logitrans Private Limited | ₹84.78 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Gurgaon, Haryana, India |
| Kanha Shipping Transport Agency Private Limited | ₹83.39 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Kolkata, West Bengal, India |
| Nhava Sheva Business Park Private Limited | ₹81.38 Cr (FY 2025) | •••• | •••• | 221.0% | •••• | Mumbai, Maharashtra, India |
| JSW Mangalore Container Terminal Private Limited | ₹81.32 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Goa, India |
Peers are the five companies nearest above and the five nearest below Cargowings Logistics by revenue in the Transport and Logistics industry (Bulk Cargo and Container), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Cargowings Logistics Limited
Auditor information for Cargowings Logistics Limited provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.
Ownership and Shareholding of Cargowings Logistics Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Cargowings Logistics Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Dec 2019 | Others | ₹9.15 Lakh | Open |
| 26 Dec 2019 | Others | ₹68.01 Lakh | Open |
| 29 May 2019 | Others | ₹9.73 Cr | Open |
| 22 Mar 2019 | Others | ₹1.59 Cr | Open |
| 22 Mar 2019 | Others | ₹1.23 Cr | Open |
Total charge records: 76 View all charges
Deals & Funding of Cargowings Logistics Limited
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 |
Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Cargowings Logistics Limited
Cargowings Logistics Limited has 137 court cases on record: 38 filed by Cargowings Logistics, 85 filed against it, 14 where it is another party. 8 cases are pending and 129 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 81 | 33 | 8 |
| High courts | 56 | 52 | 0 |
Cases on record (5 of 137)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Coimbatore, Tamil Nadu | Criminal miscellaneous application | Filed against the company by Mahindra and Mahindra Financial Services Limited | Pending |
| District court, Coimbatore, Tamil Nadu | Criminal case | Filed against the company by Mahindra and Mahindra Financial Services Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed against the company by Suryoday Small Finance Bank Limited | Pending |
| District court, Faridabad, Haryana | Cheque dishonour complaint | Filed against the company by GT Cargo Fittings India Private Limited | Pending |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed against the company by Shriram Finance Limited | Disposed |
Full case history
All 137 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Cargowings Logistics Limited
Cargowings Logistics Limited has a workforce of 2 employees as of Mar 28, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Cargowings Logistics Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Cargowings Logistics Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Cargowings Logistics Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Cargowings Logistics Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Cargowings Logistics Limited
Cargowings Logistics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCC1269F1ZZ | Tamil Nadu | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Cargowings Logistics Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Cargowings Logistics Limited
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 reported revenue of ₹85.41 Cr for FY 2019 (up 22% YoY).
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
Cargowings Logistics reported a net loss of ₹13.01 Cr (net margin -15.2%) and EBITDA of ₹12.93 Cr (EBITDA margin 15.1%) for FY 2019, as per its filed financial statements.
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 137 court cases on record: 38 filed by the company and 85 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.
The peers of Cargowings Logistics by revenue are Five Stars Bulkcarriers Private Limited, Parekh Marine Agencies Private Limited, Budget Cargo India Private Limited, Ennore Bulk Terminal Private Limited, Ashutosh Container Services Private Limited and 5 more, all in the Transport and Logistics industry (Bulk Cargo and Container).