About Castle Ships Private Limited
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Castle Ships Private Limited is a private limited company based in Thane, Maharashtra, India, a subsidiary of Ind Aust Maritime Private Limited. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 01 March 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U35110MH2006PTC160145. Its GSTIN is 27AACCC7865L1Z4 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹6 Cr. It is led by directors including Dilip Ericjohn Desa and Ravi Vedprakash Bhatia.
Its last annual general meeting (AGM) was held on 31 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Thane, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹259.67 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹107.11 Cr (net margin 41.2%) and EBITDA of ₹145.97 Cr (EBITDA margin 56.2%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 15% over five years.
The company has about 26 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Castle Ships. As per MCA filings, the company has open charges of ₹401 Cr and satisfied charges of ₹318.85 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.99 Cr; the latest was in December 2020. The company has 7 MSME Form 1 returns on record between 2018 and 2020, listing 30 overdue payments to 10 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indaust.com.
Company details
Contact details
Castle Ships Private Limited's registered office is in Thane, Maharashtra. Its website is indaust.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC – 6/2 Ttc MIDC, Pawane Navi Mumbai, Thane, Maharashtra, India – 400705
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Castle Ships 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
Brands
Castle Ships operates one associated brand: Castle Ships. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specializes in shipping clean petroleum products via owned tanker fleet globally. | castleships.com |
Business activity
The main business activity of Castle Ships is support service to organizations. In detail, this covers rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities |
To see the full business activity and turnover split of Castle Ships Private Limited, buy the company report.
Financials of Castle Ships Private Limited
FY 2024 filings availableCastle Ships Private Limited reported revenue of ₹259.67 Cr (down 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA fell 8% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹145.97 Cr | ||||
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| Net Profit (PAT) | ₹107.11 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 56.2% | ||||
| Net Profit Margin | 41.2% | ||||
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To see the full financial statements and ratios of Castle Ships Private Limited, buy the company report.
Board of directors of Castle Ships Private Limited
Castle Ships has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dilip Ericjohn Desa Also directs: Alphafleet Shipping Services LLP, Arcane Marine Private Limited, Seatrans Shipping Limited and 1 more | Director | 08 Oct 2014 | 12 Years 0 Months | Current |
| Ravi Vedprakash Bhatia | Director | 29 Dec 2006 | 19 Years 9 Months | Current |
| Rajiv Bhatia | Director | 01 Mar 2006 | 20 Years 7 Months | Current |
Auditor
Castle Ships Private Limited is audited by C N K & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C N K & Associates LLP | FY 2023 | 101961W/W-100036 |
Shareholding
The shareholding of Castle Ships 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 Castle Ships Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Nov 2025 | 101190429 | Hdfc Bank Limited | ₹100 Cr | Open | |
| 06 Jul 2023 | 100752456 | Hdfc Bank Limited | ₹112 Cr | Open | |
| 24 Feb 2023 | 100685578 | Hdfc Bank Limited | ₹63 Cr | Open | |
| 07 Jun 2022 | 100588839 | Hdfc Bank Limited | ₹63 Cr | Open | |
| 19 Mar 2021 | 100435142 | Hdfc Bank Limited | ₹63 Cr | Open |
To see the full charge records of Castle Ships Private Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Castle Ships Private Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.99 Cr; the latest was in December 2020.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: Ind Aust Maritime Private Limited , 2 individuals Seller: Shiplift Techno Solutions Private Limited |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Ind Aust Maritime Private Limited Seller: Shiplift Techno Solutions Private Limited |
| Jul 2015 | Secondary share transfer | Undisclosed | Buyer: Ind Aust Maritime Private Limited , Shiplift Techno Solutions Private Limited , 2 individuals Seller: Coast Line Shipping (India) Private Limited , an individual |
| May 2009 | Funding round | ₹1.2 Cr | Investors: Coast Line Shipping (India) Private Limited , Ind Aust Maritime Private Limited |
| Mar 2007 | Funding round | ₹1.79 Cr | Investors: Ind Aust Maritime Private Limited , Coast Line Shipping (India) Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Castle Ships Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0816-Letter Petition & Pil Matters : SLPs filed against judgments / orders passed by the High Courts in Writ Petitions filed as PIL) | Filed against the company by an individual | Disposed |
To see the full case history of Castle Ships Private 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.
Credit ratings & regulatory alerts
Castle Ships Private Limited was last rated by Icra on 10 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 10 Nov 2021 |
To see the full credit ratings and regulatory alerts of Castle Ships Private Limited, buy the company report.
MSME payment delays
Castle Ships Private Limited has 7 MSME Form 1 returns on record between 2018 and 2020, listing 30 overdue payments to 10 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Oza & Ratnani | |||
| General Seal Co Pvt Ltd | |||
| Iss Shipping India Private Limited | |||
| Ahura Leisure Private Limited | |||
| Global Charts & Navaids Private Limited |
To see the full MSME payment records of Castle Ships Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Castle Ships Private Limited has a workforce of 26 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Castle Ships has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCC7865L1Z4 | Maharashtra | Active | 01 Jul 2017 |
| 35AACCC7865L1Z7 | Andaman and Nicobar Islands | Active | 26 Aug 2022 |
To see the full GST registrations and return filing status of Castle Ships Private Limited, buy the company report.
Recent activity
Castle Ships Private Limited has 7 board changes on record since 2006: 3 appointments and 4 cessations. The latest: Arun Kumar Nanda ceased to be Additional Director on 31 Dec 2020.
32 earlier events are in the company report.
Frequently asked questions
Castle Ships is an active private limited company based in Thane, Maharashtra, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 01 March 2006 (20+ years old) and is registered under CIN U35110MH2006PTC160145.
Castle Ships has 3 current directors:
- Dilip Ericjohn Desa - Director
- Ravi Vedprakash Bhatia - Director
- Rajiv Bhatia - Director
The latest financial statements of Castle Ships on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 31 August 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Castle Ships is 27AACCC7865L1Z4, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 35AACCC7865L1Z7 (Andaman and Nicobar Islands).
The CIN (Corporate Identification Number) of Castle Ships is U35110MH2006PTC160145. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Castle Ships has 1 court case on record: 1 filed against it.
Castle Ships was incorporated on 01 March 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
Castle Ships has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.99 Cr; the latest was in December 2020.
Arun Kumar Nanda ceased to be Additional Director on 31 Dec 2020. Dilip Ericjohn Desa ceased to be Additional Director on 30 Sep 2015. Rajesh Sunderlal Bahl ceased to be Director on 22 Jul 2015. Castle Ships has 7 board changes on record in total.
Castle Ships has 7 MSME Form 1 returns on record between 2018 and 2020, listing 30 overdue payments to 10 micro and small suppliers. The latest return was filed on 23 Jun 2020.
Castle Ships can be reached through the website indaust.com. Its registered office is in Thane, Maharashtra, India.