MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0032570
Clearfast Air Cargo Agencies Private Limited - transport and logistics in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹250.53 Cr
▲ 52% YoY
Net profit · FY 2025
₹4.09 Cr
Net margin 1.6%
EBITDA · FY 2025
₹7.66 Cr
EBITDA margin 3.1%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹3.1 Lakh
Issued & subscribed
Open charges
₹35.09 Cr
Satisfied ₹14.57 Cr
Company age
39 yrs
Est. 1987
Employees · EPFO
204
Provident fund records
About Clearfast Air Cargo Agencies Private Limited
Data last updated:
Clearfast Air Cargo Agencies Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the air cargo services and logistics segment of the transport and logistics sector. It was incorporated on 11 December 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63030MH1987PTC045573. Its GSTIN is 27AAACC7987K1Z1 (Maharashtra). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3.1 Lakh. It is led by directors including Charu Arya and Payal Ramesh Motiramani.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹250.53 Cr, a growth of 52% compared to the previous year. For the same year it recorded a net profit of ₹4.09 Cr (net margin 1.6%) and EBITDA of ₹7.66 Cr (EBITDA margin 3.1%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 20% over five years.
The company has about 204 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Clearfast. As per MCA filings, the company has open charges of ₹35.09 Cr and satisfied charges of ₹14.57 Cr on record. Court records list 18 cases involving the company, including 17 filed by the company and 1 filed against it; 12 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in June 2021. The company has 14 MSME Form 1 returns on record between 2017 and 2023, listing 279 overdue payments to 23 micro and small suppliers.
Clearfast Air Cargo Agencies Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0032570). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website clearfast.com.
Company details
CIN U63030MH1987PTC045573
Registration Number 045573
Incorporation Date 11 December 1987
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0032570
Recognitions & Rankings of Clearfast Air Cargo Agencies
Contact details
Clearfast Air Cargo Agencies Private Limited's registered office is in Mumbai, Maharashtra. Its website is clearfast.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – 2073 – 2076 Oberoi Garden Estates Chandivali Off Saki Vihar Road Saki Naka Andheri, (East), Mumbai, Maharashtra, India – 400072
- IndustryTransport and Logistics, Air Cargo Services & Logistics
To see the full contact details of Clearfast Air Cargo Agencies Private Limited, buy the company report.
Comprehensive company report
Clearfast Air Cargo Agencies 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
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Brands
Clearfast Air Cargo Agencies operates one associated brand: Clearfast. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Logistics and cargo handling services specializing in imports and exports. | clearfast.com |
Business activity
The main business activity of Clearfast Air Cargo Agencies is transportation and storage. In detail, this covers warehousing and support activities for transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transportation and storage | 52 | Warehousing and support activities for transportation |
To see the full business activity and turnover split of Clearfast Air Cargo Agencies Private Limited, buy the company report.
Financials of Clearfast Air Cargo Agencies Private Limited
FY 2024 filings availableClearfast Air Cargo Agencies Private Limited reported revenue of ₹250.53 Cr (up 52% YoY) for FY 2025.
Revenue · FY 2025
₹250.53 Cr ▲ 52%
Net profit · FY 2025
₹4.09 Cr margin 1.6%
EBITDA · FY 2025
₹7.66 Cr margin 3.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 52%
3 years · compounded
▲ 19%
5 years · compounded
▲ 20%
EBITDA CAGR growth
1 year
▲ 57%
3 years · compounded
▲ 23%
5 years · compounded
▲ 12%
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 52% growth in the latest year. EBITDA rose 57% 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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| Total Expenses | |||||
| EBITDA | ₹7.66 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.09 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.1% | ||||
| Net Profit Margin | 1.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Clearfast Air Cargo Agencies Private Limited, buy the company report.
Board of directors of Clearfast Air Cargo Agencies Private Limited
Clearfast Air Cargo Agencies has 7 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Charu Arya Also directs: Seaman Logistics Solutions Private Limited | Director | 07 Jul 2021 | 5 Years 4 Months | Current |
| Payal Ramesh Motiramani Also directs: Divinus Express Logistics Private Limited | Director | 07 Jul 2021 | 5 Years 4 Months | Current |
| Veena Kulkarni Sandeep Also directs: Divinus Express Logistics Private Limited | Director | 07 Jul 2021 | 5 Years 4 Months | Current |
| Varsha Sandeep Kulkarni Also directs: Seaman Logistics Solutions Private Limited | Director | 13 Jun 2007 | 19 Years 4 Months | Current |
| Anuj Arya Also directs: Seaman Logistics Solutions Private Limited | Director | 15 Jun 2021 | 5 Years 4 Months | Current |
| Sandeep Balasaheb Kulkarni Also directs: Seaman Logistics Solutions Private Limited | Director | 01 Jun 2000 | 26 Years 5 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Clearfast Air Cargo Agencies Private Limited is audited by P R KARIA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P R KARIA & CO | FY 2023 | 147295W |
Shareholding
The shareholding of Clearfast Air Cargo Agencies 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 Clearfast Air Cargo Agencies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹35.09 Cr
Satisfied charges
₹14.57 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 May 2025 | 101099909 | Others | ₹5 Cr | Open | |
| 23 Feb 2024 | 100882619 | Standard Chartered Bank | ₹30 Cr | Open | |
| 30 Jan 1996 | 90217978 | Development Credit Bank Ltd. | ₹7 Lakh | Open | |
| 20 Jul 1991 | 90217518 | Development Credit Bank Ltd. | ₹2 Lakh | Open | |
| 05 Oct 2021 | 100485685 | Others | ₹2.77 Cr | Satisfied |
To see the full charge records of Clearfast Air Cargo Agencies Private Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Clearfast Air Cargo Agencies Private Limited has 1 deal on record (1 secondary share transfer); the latest was in June 2021.
Total deals
1
Secondary share transfer
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Sharad Mayekar HUF, 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Clearfast Air Cargo Agencies Private Limited has 18 court cases on record: 17 filed by Clearfast Air Cargo Agencies, 1 filed against it. 12 cases are pending and 6 are disposed.
Total cases
18
Filed by the company
17
Filed against the company
1
Pending
12
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 1 | 12 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMONS FOR JUDGT) | Filed by the company against Compact Impex Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMONS FOR JUDGT) | Filed by the company against Indigo Collections Pvt. Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against Brandzstorm India Marketing Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against Glendale Biomed Private Limited and 2 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Glendale Biomed Private Limited and 2 others | Pending |
To see the full case history of Clearfast Air Cargo Agencies 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
Clearfast Air Cargo Agencies Private Limited has 14 MSME Form 1 returns on record between 2017 and 2023, listing 279 overdue payments to 23 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 23)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Galliard Freight Solutions Private Limited | |||
| NS Transport Services |
To see the full MSME payment records of Clearfast Air Cargo Agencies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Clearfast Air Cargo Agencies Private Limited has a workforce of 204 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
204
Active EPFO establishments
1
Employee growth
-0.97%
GST
Clearfast Air Cargo Agencies has 4 GST registrations: 3 active and 1 cancelled or inactive.
Total GSTINs
4
Active
3
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACC7987K1Z1 | Maharashtra | Active | 01 Jul 2017 |
| 07AAACC7987K1Z3 | Delhi | Active | 01 Jul 2017 |
| 24AAACC7987K1Z7 | Gujarat | Active | 27 Oct 2021 |
To see the full GST registrations and return filing status of Clearfast Air Cargo Agencies Private Limited, buy the company report.
Recent activity
Clearfast Air Cargo Agencies Private Limited has 15 board changes on record since 2000: 7 appointments and 8 cessations. The latest: Anuj Arya ceased to be Additional Director on 30 Sep 2022.
Charges
A charge with Others amounted to Rs. 500.00 Lakh with Charge ID 101099909 was registered on 21 May 2025.
Charges
A charge with Standard Chartered Bank of Rs. 3,000.00 Lakh registered on 23 Feb 2024 with Charge ID 100882619 was modified on 08 Mar 2025.
AGM
Clearfast Air Cargo Agencies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge registered on 05 Oct 2021 via Charge ID 100485685 with Others was fully satisfied on 10 Apr 2024.
Charges
A charge registered on 05 Oct 2021 via Charge ID 100486432 with Others was fully satisfied on 10 Apr 2024.
Charges
A charge registered on 05 Oct 2021 via Charge ID 100485686 with Others was fully satisfied on 10 Apr 2024.
Filing
Clearfast Air Cargo Agencies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Standard Chartered Bank amounted to Rs. 3,000.00 Lakh with Charge ID 100882619 was registered on 23 Feb 2024.
Ceased
Anuj Arya ceased to be Additional Director.
Ceased
Charu Arya ceased to be Additional Director.
Ceased
Payal Ramesh Motiramani ceased to be Additional Director.
Ceased
Sushant Kulkarni Sandeep ceased to be Additional Director.
27 earlier events are in the company report.
Frequently asked questions
Clearfast Air Cargo Agencies is an active private limited company based in Mumbai, Maharashtra, India. The company works in air cargo services and logistics, within the transport and logistics industry. It was incorporated on 11 December 1987 (39+ years old) and is registered under CIN U63030MH1987PTC045573.
Clearfast Air Cargo Agencies has 7 current directors:
- Charu Arya - Director
- Payal Ramesh Motiramani - Director
- Veena Kulkarni Sandeep - Director
- Varsha Sandeep Kulkarni - Director
- Anuj Arya - Director
- Sandeep Balasaheb Kulkarni - Director
- Sushant Kulkarni Sandeep - Director
The latest financial statements of Clearfast Air Cargo Agencies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Clearfast Air Cargo Agencies is 27AAACC7987K1Z1, registered in Maharashtra. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 07AAACC7987K1Z3 (Delhi), 24AAACC7987K1Z7 (Gujarat).
The CIN (Corporate Identification Number) of Clearfast Air Cargo Agencies is U63030MH1987PTC045573. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Clearfast Air Cargo Agencies has 18 court cases on record: 17 filed by the company and 1 filed against it. 12 are pending.
Clearfast Air Cargo Agencies was incorporated on 11 December 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
Clearfast Air Cargo Agencies has 1 deal on record (1 secondary share transfer); the latest was in June 2021.
Anuj Arya ceased to be Additional Director on 30 Sep 2022. Charu Arya ceased to be Additional Director on 30 Sep 2022. Payal Ramesh Motiramani ceased to be Additional Director on 30 Sep 2022. Clearfast Air Cargo Agencies has 15 board changes on record in total.
Yes, Clearfast Air Cargo Agencies is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0032570).
Clearfast Air Cargo Agencies has 14 MSME Form 1 returns on record between 2017 and 2023, listing 279 overdue payments to 23 micro and small suppliers. The latest return was filed on 25 Nov 2023.
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