About Castle Ships Private Limited
Data last updated:
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. 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. Its 10 peer companies in the Shipping industry (Shipping Services) are compared by revenue, 5 larger and 5 smaller; the largest is Arcadia Shipping Limited with revenue of ₹286.33 Cr. 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.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressC – 6/2 Ttc MIDC, Pawane Navi Mumbai, Thane, Maharashtra, India – 400705
- IndustryTransport and Logistics, Shipping & Maritime 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 Castle Ships Private Limited
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 of Castle Ships Private Limited
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 | 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 | 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 Castle Ships Private Limited FY 2024 filings available
Castle Ships Private Limited reported revenue of ₹259.67 Cr (down 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Castle Ships Private Limited
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 of Castle Ships Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹145.97 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹107.11 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 Castle Ships Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 56.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 41.2% | •••• | •••• | •••• | •••• |
| 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 Castle Ships 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 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 |
Peer Comparison of Castle Ships Private Limited
Castle Ships Private Limited is compared with the companies closest to it by revenue in the Shipping industry (Shipping Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arcadia Shipping Limited | ₹286.33 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Mumbai, Maharashtra, India |
| Amns Shipping & Logistics Private Limited | ₹284.5 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Hazira, Gujarat, India |
| Seros Shipping Private Limited | ₹277.71 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Surat, Gujarat, India |
| Adani Murmugao Port Terminal Private Limited | ₹272.97 Cr (FY 2025) | •••• | •••• | 87.0% | •••• | Ahmedabad, Gujarat, India |
| Synergy Maritime Private Limited | ₹269.56 Cr (FY 2024) | •••• | •••• | 44.0% | •••• | Chennai, Tamil Nadu, India |
| Castle Ships Private Limited this company | ₹259.67 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Thane, Maharashtra, India |
| Shree Shipping Services Private Limited | ₹258.95 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Gandhidham, Gujarat, India |
| Salaya Bulk Terminals Limited | ₹258.91 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | Jamnagar, Gujarat, India |
| M Pallonji Shipping Pvt Ltd | ₹256.71 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Mumbai, Maharashtra, India |
| Maersk Line India Private Limited | ₹256.26 Cr (FY 2024) | •••• | •••• | 26.0% | •••• | Mumbai, Maharashtra, India |
| Treasure Harvest Shipping Private Limited | ₹250.63 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Castle Ships by revenue in the Shipping industry (Shipping Services), 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 Castle Ships Private Limited
Castle Ships Private Limited is audited by C N K & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| C N K & Associates LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Castle Ships Private 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 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
Deals & Funding of Castle Ships Private Limited
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 |
Full deal history
All 5 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.
MSME Payment Delays by Castle Ships Private Limited
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 | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 7 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
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 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 Castle Ships Private Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Castle Ships Private 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.
Subsidiaries & Group Companies of Castle Ships Private 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 Castle Ships Private Limited
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 |
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 Castle Ships Private 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 Castle Ships Private Limited
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 reported revenue of ₹259.67 Cr for FY 2025 (down 19% YoY).
Castle Ships has 3 current directors:
- Dilip Ericjohn Desa - Director
- Ravi Vedprakash Bhatia - Director
- Rajiv Bhatia - Director
Castle Ships reported a net profit of ₹107.11 Cr (net margin 41.2%) and EBITDA of ₹145.97 Cr (EBITDA margin 56.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Castle Ships is 24% over three years and 15% over five years. In the latest year (FY 2025) revenue fell 19%. CAGR is the steady yearly rate that links the first and the last year.
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 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.
The peers of Castle Ships by revenue are Arcadia Shipping Limited, Amns Shipping & Logistics Private Limited, Seros Shipping Private Limited, Adani Murmugao Port Terminal Private Limited, Synergy Maritime Private Limited and 5 more, all in the Shipping industry (Shipping Services).
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.