About Castle Ships Private Limited
Data last updated: 23 December 2025
Castle Ships Private Limited is a private limited company based in Thane, Maharashtra, India, a subsidiary of Ind Aust Maritime Private Limited. It specialises in shipping and maritime services, a part of the broader transport and logistics sector. Incorporated on 01 March 2006, the company has been in operation for over 20 years.
Registered with ROC Mumbai under CIN U35110MH2006PTC160145.
Capital: 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.
Last AGM: 31 August 2024. Financial statements filed for year ended 31 March 2024. Office: 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.
The company has a workforce of approximately 26 employees as per the latest available data. It operates as a subsidiary of Ind Aust Maritime Private Limited.
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.
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.
-
Email*****@*****.com
-
Telephone+91-****-******
-
Website
-
Social Media**************
-
Registered AddressC – 6/2 Ttc Midc, Pawane Navi Mumbai, Thane, Maharashtra, India – 400705
-
IndustryTransport and Logistics, Shipping & Maritime Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Castle Ships Private Limited
Castle Ships Private Limited operates one associated brand: Castle Ships. These brands represent Castle Ships Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Specializes in shipping clean petroleum products via owned tanker fleet globally. | castleships.com |
Competitors & Alternatives of Castle Ships Private Limited
Brands and companies operating in the same space as Castle Ships Private Limited include Bahri, BW Group, ENEOS Group and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Bahri
|
Pipeline-based oil transportation and ship management services are provided. | Riyadh, Saudi Arabia, Saudi Arabia | 1978 |
BW Group
|
Offshore transportation of crude oil and natural gas is managed. | Oslo, Norway, Norway | 1955 |
ENEOS Group
|
Provider of oil & gas refining, transporting and other services | Chiyoda-ku, Japan, Japan | 2011 |
Technip Energies
|
Energy transition and low carbon management solutions are provided. | Nanterre, France, France | 1997 |
Diamond Shipping
|
Oil and gas products are shipped globally by Diamond Shipping. | Greenwich, United States, United States | 2007 |
Great Eastern Ship
|
Marine transportation and freight forwarding services are provided globally. | Mumbai, India, India | 1948 |
DHT
|
Crude oil is transported globally via a dedicated tanker fleet. | Oslo, Norway, Norway | 2005 |
ASCO Group
|
Oilfield personnel, logistics, supply, training, and waste services are provided. | Shoreview, United States, United States | 1967 |
Bourbon
|
Offshore oil and gas logistic services are provided globally. | Marseille, France, France | 1948 |
Business Activity of Castle Ships Private Limited
Castle Ships Private Limited is engaged in the principal business activity of support service to organizations, with detailed activities including rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities | ********* |
Auditor Details of Castle Ships Private Limited
Castle Ships Private Limited is audited by C N K & Associates LLP for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| C N K & Associates LLP | blur-value | blur-value | blur-value |
Board of Directors of Castle Ships Private Limited
Castle Ships Private Limited is currently managed by 3 directors, with 4 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| 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 | 11 Years 9 Months | Current |
| Ravi Vedprakash Bhatia | Director | 29 Dec 2006 | 19 Years 6 Months | Current |
| Rajiv Bhatia | Director | 01 Mar 2006 | 20 Years 4 Months | Current |
Financials of Castle Ships Private Limited FY 2024 filings available
Castle Ships Private Limited reported revenue of ₹259.67 Cr (down 19% YoY) for FY 2025. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | ***** | ***** | ***** | ***** | ***** |
|---|---|---|---|---|---|
| Revenue | |||||
| Revenue from Operations | ***** | ***** | ***** | ***** | ***** |
| Revenue Growth % | ***** | ***** | ***** | ***** | ***** |
| Other Income | ***** | ***** | ***** | ***** | ***** |
| Total Revenue | ***** | ***** | ***** | ***** | ***** |
| Expenses | |||||
| Total Expenses | ***** | ***** | ***** | ***** | ***** |
| Raw Material Cost | ***** | ***** | ***** | ***** | ***** |
| Change in Inventory FG | ***** | ***** | ***** | ***** | ***** |
| Change in Inventory WIP | ***** | ***** | ***** | ***** | ***** |
| Purchase of Traded Goods | ***** | ***** | ***** | ***** | ***** |
| Employee Cost | ***** | ***** | ***** | ***** | ***** |
| Managerial Remuneration | ***** | ***** | ***** | ***** | ***** |
| Audit Fees | ***** | ***** | ***** | ***** | ***** |
| Insurance | ***** | ***** | ***** | ***** | ***** |
| Power & Fuel | ***** | ***** | ***** | ***** | ***** |
| Interest | ***** | ***** | ***** | ***** | ***** |
| Depreciation | ***** | ***** | ***** | ***** | ***** |
| Other Expenses | ***** | ***** | ***** | ***** | ***** |
| Profitability | |||||
| EBITDA (Operating Profit) | ***** | ***** | ***** | ***** | ***** |
| Operating Margin % | ***** | ***** | ***** | ***** | ***** |
| Exceptional Items | ***** | ***** | ***** | ***** | ***** |
| Extraordinary Items | ***** | ***** | ***** | ***** | ***** |
| Profit Before Exceptional & Extraordinary Items | ***** | ***** | ***** | ***** | ***** |
| Profit Before Tax | ***** | ***** | ***** | ***** | ***** |
| Tax & Net Profit | |||||
| Tax Expense | ***** | ***** | ***** | ***** | ***** |
| Current Tax | ***** | ***** | ***** | ***** | ***** |
| Deferred Tax | ***** | ***** | ***** | ***** | ***** |
| Profit from Discontinued Operations | ***** | ***** | ***** | ***** | ***** |
| Tax on Discontinued Operations | ***** | ***** | ***** | ***** | ***** |
| Profit | ***** | ***** | ***** | ***** | ***** |
| Net Margin % | ***** | ***** | ***** | ***** | ***** |
| Metrics | ***** | ***** | ***** | ***** | ***** |
|---|---|---|---|---|---|
| Shareholders' Funds | |||||
| Total Shareholders' Funds | ***** | ***** | ***** | ***** | ***** |
| Equity Capital | ***** | ***** | ***** | ***** | ***** |
| Reserves & Surplus | ***** | ***** | ***** | ***** | ***** |
| Money Against Warrants | ***** | ***** | ***** | ***** | ***** |
| Other Equity | ***** | ***** | ***** | ***** | ***** |
| Non-Current Liabilities | |||||
| Total Non-Current Liabilities | ***** | ***** | ***** | ***** | ***** |
| Long-Term Borrowings | ***** | ***** | ***** | ***** | ***** |
| Deferred Tax Liabilities | ***** | ***** | ***** | ***** | ***** |
| Other Non-Current Liabilities | ***** | ***** | ***** | ***** | ***** |
| Long-Term Provisions | ***** | ***** | ***** | ***** | ***** |
| Current Liabilities | |||||
| Total Current Liabilities | ***** | ***** | ***** | ***** | ***** |
| Short-Term Borrowings | ***** | ***** | ***** | ***** | ***** |
| Trade Payables | ***** | ***** | ***** | ***** | ***** |
| Other Current Liabilities | ***** | ***** | ***** | ***** | ***** |
| Short-Term Provisions | ***** | ***** | ***** | ***** | ***** |
| Total Equity & Liabilities | ***** | ***** | ***** | ***** | ***** |
| Non-Current Assets | |||||
| Non-Current Assets | ***** | ***** | ***** | ***** | ***** |
| Tangible Assets | ***** | ***** | ***** | ***** | ***** |
| Intangible Assets | ***** | ***** | ***** | ***** | ***** |
| Capital WIP | ***** | ***** | ***** | ***** | ***** |
| Intangibles Under Dev | ***** | ***** | ***** | ***** | ***** |
| Investments | ***** | ***** | ***** | ***** | ***** |
| Deferred Tax Assets | ***** | ***** | ***** | ***** | ***** |
| LT Loans & Advances | ***** | ***** | ***** | ***** | ***** |
| Other Non-Current Assets | ***** | ***** | ***** | ***** | ***** |
| Current Assets | |||||
| Current Assets | ***** | ***** | ***** | ***** | ***** |
| Current Investments | ***** | ***** | ***** | ***** | ***** |
| Inventories | ***** | ***** | ***** | ***** | ***** |
| Trade Receivables | ***** | ***** | ***** | ***** | ***** |
| Cash & Bank Balance | ***** | ***** | ***** | ***** | ***** |
| ST Loans & Advances | ***** | ***** | ***** | ***** | ***** |
| Other Current Assets | ***** | ***** | ***** | ***** | ***** |
| Total Assets | ***** | ***** | ***** | ***** | ***** |
| Metrics | ***** | ***** | ***** | ***** | ***** |
|---|---|---|---|---|---|
| Cash from Operating Activities (CFO) | |||||
| Profit Before Tax | ***** | ***** | ***** | ***** | ***** |
| Non-Cash Adjustments | ***** | ***** | ***** | ***** | ***** |
| + Interest Expense | ***** | ***** | ***** | ***** | ***** |
| + Depreciation | ***** | ***** | ***** | ***** | ***** |
| +/- Unrealized Forex | ***** | ***** | ***** | ***** | ***** |
| - Dividend Income | ***** | ***** | ***** | ***** | ***** |
| - Interest Income | ***** | ***** | ***** | ***** | ***** |
| +/- Other Non-Cash Items | ***** | ***** | ***** | ***** | ***** |
| Changes in Working Capital | ***** | ***** | ***** | ***** | ***** |
| +/- Inventory | ***** | ***** | ***** | ***** | ***** |
| +/- Debtors | ***** | ***** | ***** | ***** | ***** |
| +/- Creditors | ***** | ***** | ***** | ***** | ***** |
| Reconciliation Adjustments | ***** | ***** | ***** | ***** | ***** |
| Cash Generated from Operations | ***** | ***** | ***** | ***** | ***** |
| Income Taxes Paid | ***** | ***** | ***** | ***** | ***** |
| Net CFO (Cash from Operations) | ***** | ***** | ***** | ***** | ***** |
| Cash from Investing Activities (CFI) | |||||
| Acquisitions & Disposals | ***** | ***** | ***** | ***** | ***** |
| Disposal of Subsidiaries | ***** | ***** | ***** | ***** | ***** |
| Acquisition of Subsidiaries | ***** | ***** | ***** | ***** | ***** |
| Capex | ***** | ***** | ***** | ***** | ***** |
| Purchase of Fixed Assets | ***** | ***** | ***** | ***** | ***** |
| Sale of Fixed Assets | ***** | ***** | ***** | ***** | ***** |
| Other Investing Cash Flows | ***** | ***** | ***** | ***** | ***** |
| Net CFI (Cash from Investing) | ***** | ***** | ***** | ***** | ***** |
| Cash from Financing Activities (CFF) | |||||
| Equity Issuance | ***** | ***** | ***** | ***** | ***** |
| Debt Raised | ***** | ***** | ***** | ***** | ***** |
| Debt Repaid | ***** | ***** | ***** | ***** | ***** |
| Dividends Paid | ***** | ***** | ***** | ***** | ***** |
| Interest Paid | ***** | ***** | ***** | ***** | ***** |
| Net CFF (Cash from Financing) | ***** | ***** | ***** | ***** | ***** |
| Net Cash Position | |||||
| Net Change in Cash (Pre-Forex) | ***** | ***** | ***** | ***** | ***** |
| Closing Cash & Equivalents | ***** | ***** | ***** | ***** | ***** |
| Metrics | ***** | ***** | ***** | ***** | ***** |
|---|---|---|---|---|---|
| Liquidity | |||||
| Current Ratio | ***** | ***** | ***** | ***** | ***** |
| Quick Ratio | ***** | ***** | ***** | ***** | ***** |
| Cash Ratio | ***** | ***** | ***** | ***** | ***** |
| Efficiency | |||||
| Inventory Days | ***** | ***** | ***** | ***** | ***** |
| Debtor Days | ***** | ***** | ***** | ***** | ***** |
| Creditor Days | ***** | ***** | ***** | ***** | ***** |
| Cash Conversion Cycle | ***** | ***** | ***** | ***** | ***** |
| Asset Turnover | ***** | ***** | ***** | ***** | ***** |
| Profitability | |||||
| Net Profit Margin % | ***** | ***** | ***** | ***** | ***** |
| Operating Margin % | ***** | ***** | ***** | ***** | ***** |
| ROE % | ***** | ***** | ***** | ***** | ***** |
| ROCE % | ***** | ***** | ***** | ***** | ***** |
| Net Worth Margin % | ***** | ***** | ***** | ***** | ***** |
| Growth | |||||
| Revenue Growth % | ***** | ***** | ***** | ***** | ***** |
| Leverage | |||||
| Equity Multiplier | ***** | ***** | ***** | ***** | ***** |
| Debt / EBITDA | ***** | ***** | ***** | ***** | ***** |
| Solvency | |||||
| D/E Ratio | ***** | ***** | ***** | ***** | ***** |
| ICR | ***** | ***** | ***** | ***** | ***** |
Consolidated Statements
Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.
Shareholding Pattern of Castle Ships Private Limited
As of FY 2023, Castle Ships Private Limited's shareholding pattern shows 92.50% by promoters, 7.50% by public shareholders. The promoters hold a majority stake, indicating strong promoter control.
| Year | 2025 |
|---|---|
| Promoters | 33.19% |
| DII | 23.22% |
| FII | 18.28% |
| Public | 22.89% |
| Others | 2.42% |
Charges & Borrowings of Castle Ships Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Nov 2025 | Hdfc Bank Limited | ₹100 Cr | Open |
| 06 Jul 2023 | Hdfc Bank Limited | ₹112 Cr | Open |
| 24 Feb 2023 | Hdfc Bank Limited | ₹63 Cr | Open |
| 07 Jun 2022 | Hdfc Bank Limited | ₹63 Cr | Open |
| 19 Mar 2021 | Hdfc Bank Limited | ₹63 Cr | Open |
Total charge records: 17 View all charges
Employees and EPFO Compliance at Castle Ships Private Limited
Castle Ships Private Limited has a workforce of 26 employees as of Apr 06, 2024.
Employee Count & EPFO Data of Castle Ships Private Limited
Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.
GST Compliance of Castle Ships Private Limited
GSTIN & GST Filing Data of Castle Ships Private Limited
Access GSTIN registrations, state-wise filing compliance, HSN/SAC codes, and detailed goods & services data.
Credit Ratings, Litigation & Regulatory Alerts for Castle Ships Private Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Castle Ships Private Limited
Access complete credit rating history, litigation records, regulatory alerts, and compliance data.
MSME Payment Delays by Castle Ships Private Limited
MSME Payment Delays by Castle Ships Private Limited
Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.
Subsidiaries & Group Companies of Castle Ships Private Limited
Subsidiaries & Group Companies of Castle Ships Private Limited
See the full corporate group - holding company, subsidiaries, associates and joint ventures of Castle Ships Private Limited with ownership details.
MCA Filings & Documents of Castle Ships Private Limited
MCA Filings & Documents of Castle Ships Private Limited
Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.
Recent Activity on Castle Ships Private Limited
Frequently Asked Questions about Castle Ships Private Limited
Castle Ships Private Limited is an active private limited company in the transport and logistics sector based in Thane, Maharashtra, India. It was incorporated on 01 March 2006 (20+ years old) and is registered under CIN U35110MH2006PTC160145. The company has 26 employees.
Castle Ships Private Limited reported revenue of ₹259.67 Cr for FY 2025 (down 19.00% YoY).
The current directors of Castle Ships Private Limited are:
The primary industry of Castle Ships Private Limited is transport and logistics. The company specifically operates in shipping and maritime services. The company is currently active in this sector.
Castle Ships Private Limited can be reached at the registered office: C – 62 Ttc Midc, Pawane Navi Mumbai, Thane, Maharashtra, India – 400705, or through the website indaust.com.
The authorised capital is ₹6 Cr, and the paid-up capital is ₹6 Cr.