MSME (Udyam registered) Ministry of MSME
- Category
- Small (2022-23)
- Udyam number
- UDYAM-MH-33-0023212
Citi Solutions Warehousing & Distribution Private Limited - transport and logistics in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2020
₹64.91 Cr
▲ 12% YoY
Net profit · FY 2020
₹1.25 Cr
Net margin 1.9%
EBITDA · FY 2020
₹3.1 Cr
EBITDA margin 4.8%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹7.4 Cr
Issued & subscribed
Open charges
₹80 Lakh
Satisfied ₹93 Lakh
Company age
11 yrs
Est. 2015
Employees · EPFO
24
Provident fund records
About Citi Solutions Warehousing & Distribution Private Limited
Data last updated:
Citi Solutions Warehousing & Distribution Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the 3pl (third party logistics) services segment of the transport and logistics sector. It was incorporated on 06 June 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63090MH2015PTC265237. Its GSTIN is 27AAGCC0788C1ZR (Maharashtra). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.4 Cr. It is led by directors Pravin Prakash Shimpi and Manisha Pravin Shimpi.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Thane, Maharashtra.
As per the financials filed for FY 2020, the company reported a revenue of ₹64.91 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹1.25 Cr (net margin 1.9%) and EBITDA of ₹3.1 Cr (EBITDA margin 4.8%). Revenue has grown at a compounded annual rate (CAGR) of 91% over three years.
The company has about 24 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹80 Lakh and satisfied charges of ₹93 Lakh on record. Court records list 23 cases involving the company, including 23 filed against it; 19 cases are pending. The company has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹6.39 Cr; the latest was in March 2022.
Citi Solutions Warehousing & Distribution Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0023212). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website citisolutionswd.com.
Company details
CIN U63090MH2015PTC265237
Registration Number 265237
Incorporation Date 06 June 2015
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 December 2020
Date of Balance Sheet 31 March 2020
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-33-0023212
Recognitions & Rankings of Citi Solutions Warehousing & Distribution
Contact details
Citi Solutions Warehousing & Distribution Private Limited's registered office is in Thane, Maharashtra. Its website is citisolutionswd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No. 529 Lodha Supremus A Wing Phase II Road No. 22 Near New Passport Office Wag, Le Estate, Thane, Maharashtra, India – 400604
- IndustryTransport and Logistics, 3PL (Third Party Logistics) Services
To see the full contact details of Citi Solutions Warehousing & Distribution Private Limited, buy the company report.
Comprehensive company report
Citi Solutions Warehousing & Distribution Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Citi Solutions Warehousing & Distribution is transport and storage. In detail, this covers warehousing and storage.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H6 | Warehousing and storage |
To see the full business activity and turnover split of Citi Solutions Warehousing & Distribution Private Limited, buy the company report.
Financials of Citi Solutions Warehousing & Distribution Private Limited
FY 2020 filings availableCiti Solutions Warehousing & Distribution Private Limited reported revenue of ₹64.91 Cr (up 12% YoY) for FY 2020.
Revenue · FY 2020
₹64.91 Cr ▲ 12%
Net profit · FY 2020
₹1.25 Cr margin 1.9%
EBITDA · FY 2020
₹3.1 Cr margin 4.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 91%
EBITDA CAGR growth
1 year
▲ 154%
3 years · compounded
▲ 47%
Revenue has grown at a compounded annual rate (CAGR) of 91% over three years, including 12% growth in the latest year. EBITDA rose 154% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹64.91 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.1 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.25 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
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.8% | ||||
| Net Profit Margin | 1.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of Citi Solutions Warehousing & Distribution Private Limited, buy the company report.
Board of directors of Citi Solutions Warehousing & Distribution Private Limited
Citi Solutions Warehousing & Distribution has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pravin Prakash Shimpi | Director | 06 Jun 2015 | 11 Years 4 Months | Current |
| Manisha Pravin Shimpi | Director | 07 Aug 2015 | 11 Years 2 Months | Current |
Auditor
Citi Solutions Warehousing & Distribution Private Limited is audited by GAYAKWAD & ARRACKEN for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GAYAKWAD & ARRACKEN | FY 2020 | 114465W |
Shareholding
The shareholding of Citi Solutions Warehousing & Distribution Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Citi Solutions Warehousing & Distribution Private Limited, buy the company report.
Charges & borrowings
Open charges
₹80 Lakh
Satisfied charges
₹93 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Aug 2023 | 100758139 | Others | ₹25 Lakh | Open | |
| 22 Dec 2022 | 100704013 | Others | ₹30 Lakh | Open | |
| 17 Jun 2022 | 100589173 | Others | ₹25 Lakh | Open | |
| 24 Jan 2022 | 100526333 | Others | ₹50 Lakh | Satisfied | |
| 16 Mar 2021 | 100486552 | Others | ₹18 Lakh | Satisfied |
To see the full charge records of Citi Solutions Warehousing & Distribution Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Citi Solutions Warehousing & Distribution Private Limited has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹6.39 Cr; the latest was in March 2022.
Total deals
4
Funding rounds
2
Rights issue
1
Secondary share transfer
1
Disclosed funding
₹6.39 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Funding round | ₹61 Lakh | Investors: an individual |
| Mar 2022 | Funding round | ₹5.78 Cr | Investors: Citi Solutions Transport Private Limited , 2 individuals |
| Mar 2018 | Rights issue | ₹1 Cr | Investors: 4 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Citi Solutions Warehousing & Distribution Private Limited has 23 court cases on record: 23 filed against it. 19 cases are pending and 4 are disposed.
Total cases
23
Filed against the company
23
Pending
19
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 21 | 19 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed against the company by East India Transport Agency Through Asst Manager and Poa Mr Chandraprakash S Mishra | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by JK Tyre and Industries Ltd | Pending |
| High Court, MAHARASHTRA | Arbitration matter | Filed against the company by Mol Logistics India Private Limited Kurdukar Ajinkya Srinivas | Disposed |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by Tci Express Limited | Disposed |
| High Court, MAHARASHTRA | Court case (COARP) | Filed against the company by Amazon Seller Services Private Limited | Disposed |
To see the full case history of Citi Solutions Warehousing & Distribution 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Citi Solutions Warehousing & Distribution Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Citi Solutions Warehousing & Distribution Private Limited has a workforce of 24 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
Employee count
24
Active EPFO establishments
1
Employee growth
-4%
GST
Citi Solutions Warehousing & Distribution has 5 GST registrations: 3 active and 2 cancelled or inactive.
Total GSTINs
5
Active
3
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCC0788C1ZR | Maharashtra | Active | 01 Jul 2017 |
| 24AAGCC0788C1ZX | Gujarat | Active | 31 May 2018 |
| 33AAGCC0788C1ZY | Tamil Nadu | Active | 14 Feb 2019 |
To see the full GST registrations and return filing status of Citi Solutions Warehousing & Distribution Private Limited, buy the company report.
Recent activity
Citi Solutions Warehousing & Distribution Private Limited has 8 board changes on record since 2015: 2 appointments and 6 cessations. The latest: Omair Khan ceased to be Director on 12 Dec 2016.
Charges
A charge registered on 24 Jan 2022 via Charge ID 100526333 with Others was fully satisfied on 31 Jan 2024.
Charges
A charge registered on 16 Mar 2021 via Charge ID 100486552 with Others was fully satisfied on 31 Jan 2024.
Charges
A charge registered on 07 Jan 2021 via Charge ID 100425276 with Others was fully satisfied on 31 Jan 2024.
Charges
A charge with Others amounted to Rs. 0.25 Cr with Charge ID 100758139 was registered on 10 Aug 2023.
Charges
A charge with Others amounted to Rs. 0.30 Cr with Charge ID 100704013 was registered on 22 Dec 2022.
Charges
A charge with Others amounted to Rs. 0.25 Cr with Charge ID 100589173 was registered on 17 Jun 2022.
Charges
A charge with Others amounted to Rs. 0.50 Cr with Charge ID 100526333 was registered on 24 Jan 2022.
Charges
A charge with Others amounted to Rs. 0.18 Cr with Charge ID 100486552 was registered on 16 Mar 2021.
Charges
A charge with Others amounted to Rs. 0.25 Cr with Charge ID 100425276 was registered on 07 Jan 2021.
AGM
Citi Solutions Warehousing & Distribution Private Limited last Annual general meeting of members was held on 31 Dec 2020 as per latest MCA records.
Filing
Citi Solutions Warehousing & Distribution Private Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Mumbai.
Ceased
Omair Khan ceased to be Director.
8 earlier events are in the company report.
Frequently asked questions
Citi Solutions Warehousing & Distribution is an active private limited company based in Thane, Maharashtra, India. The company works in 3pl (third party logistics) services, within the transport and logistics industry. It was incorporated on 06 June 2015 (11+ years old) and is registered under CIN U63090MH2015PTC265237.
Citi Solutions Warehousing & Distribution has 2 current directors:
- Pravin Prakash Shimpi - Director
- Manisha Pravin Shimpi - Director
The latest financial statements of Citi Solutions Warehousing & Distribution on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Citi Solutions Warehousing & Distribution is 27AAGCC0788C1ZR, registered in Maharashtra. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 24AAGCC0788C1ZX (Gujarat), 33AAGCC0788C1ZY (Tamil Nadu).
The CIN (Corporate Identification Number) of Citi Solutions Warehousing & Distribution is U63090MH2015PTC265237. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Citi Solutions Warehousing & Distribution has 23 court cases on record: 23 filed against it. 19 are pending. Most are in the district courts.
Citi Solutions Warehousing & Distribution was incorporated on 06 June 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
Citi Solutions Warehousing & Distribution has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹6.39 Cr; the latest was in March 2022.
Omair Khan ceased to be Director on 12 Dec 2016. Aatish Dilipkumar Parikh ceased to be Additional Director on 30 Sep 2016. Aishwarya Shrikant Bhave ceased to be Additional Director on 30 Sep 2016. Citi Solutions Warehousing & Distribution has 8 board changes on record in total.
Yes, Citi Solutions Warehousing & Distribution is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0023212).