MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0036648
Coral Freight Systems Private Limited - transport and logistics in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹10.04 Cr
▲ 24% YoY
Net profit · FY 2025
₹14.14 Lakh
Net margin 1.4%
EBITDA · FY 2025
₹41.23 Lakh
EBITDA margin 4.1%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1.5 Lakh
Issued & subscribed
Open charges
₹25 Lakh
Satisfied ₹2.02 Cr
Company age
18 yrs
Est. 2008
Directors on board
3
As per MCA filings
About Coral Freight Systems Private Limited
Data last updated:
Coral Freight Systems Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the carrying and forwarding agents (cfa) segment of the transport and logistics sector. It was incorporated on 03 June 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U60231MH2008PTC183115. Its GSTIN is 27AAHCA1090L1ZK (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1.5 Lakh. It was formerly known as Aquair Logistic Private Limited and Aqua Air Logistics Private Limited. It is led by directors including Suraj Krishnakumar Nangalia and Manisha Nilesh Mehta.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.04 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹14.14 Lakh (net margin 1.4%) and EBITDA of ₹41.23 Lakh (EBITDA margin 4.1%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 26% over five years.
As per MCA filings, the company has open charges of ₹25 Lakh and satisfied charges of ₹2.02 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
Coral Freight Systems Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0036648). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website coralfspl.com.
Company details
CIN U60231MH2008PTC183115
Registration Number 183115
Incorporation Date 03 June 2008
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-18-0036648
Name history
Coral Freight Systems has undergone 2 name changes throughout its history. The company was previously known as Aquair Logistic Private Limited, and Aqua Air Logistics Private Limited. The current legal name is Coral Freight Systems Private Limited.
| Company Name | Status |
|---|---|
| Coral Freight Systems Private Limited | Current |
| Aquair Logistic Private Limited | Previous |
| Aqua Air Logistics Private Limited | Previous |
Key People
Suraj Krishnakumar Nangalia Director Manisha Nilesh Mehta Director Nilesh Pramodrai Mehta Director Recognitions & Rankings of Coral Freight Systems
Contact details
Coral Freight Systems Private Limited's registered office is in Mumbai, Maharashtra. Its website is coralfspl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No111 Shreepal Complex Premises Co – Op.Soc.Ltd Shreepal Complex Suren Road Andheri (E, Ast), Mumbai, Maharashtra, India – 400093
- IndustryTransport and Logistics, Carrying & Forwarding Agents (CFA)
To see the full contact details of Coral Freight Systems Private Limited, buy the company report.
Comprehensive company report
Coral Freight Systems 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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Business activity
The main business activity of Coral Freight Systems 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 Coral Freight Systems Private Limited, buy the company report.
Financials of Coral Freight Systems Private Limited
FY 2025 filings availableCoral Freight Systems Private Limited reported revenue of ₹10.04 Cr (up 24% YoY) for FY 2025.
Revenue · FY 2025
₹10.04 Cr ▲ 24%
Net profit · FY 2025
₹14.14 Lakh margin 1.4%
EBITDA · FY 2025
₹41.23 Lakh margin 4.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 24%
3 years · compounded
▲ 1%
5 years · compounded
▲ 26%
EBITDA CAGR growth
1 year
▲ 21%
3 years · compounded
▲ 18%
5 years · compounded
▲ 3%
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 24% growth in the latest year. EBITDA rose 21% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹41.23 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹14.14 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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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 | 4.1% | ||||
| Net Profit Margin | 1.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Coral Freight Systems Private Limited, buy the company report.
Board of directors of Coral Freight Systems Private Limited
Coral Freight Systems has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suraj Krishnakumar Nangalia | Director | 30 Nov 2009 | 16 Years 10 Months | Current |
| Manisha Nilesh Mehta | Director | 03 Jun 2008 | 18 Years 4 Months | Current |
| Nilesh Pramodrai Mehta | Director | 03 Jun 2008 | 18 Years 4 Months | Current |
Auditor
Coral Freight Systems Private Limited is audited by P H D & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P H D & Co. | FY 2023 | 136165W |
Shareholding
The shareholding of Coral Freight Systems 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 Coral Freight Systems Private Limited, buy the company report.
Charges & borrowings
Open charges
₹25 Lakh
Satisfied charges
₹2.02 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Aug 2025 | 101184063 | Others | ₹25 Lakh | Open | |
| 29 Dec 2018 | 100227931 | Others | ₹90 Lakh | Satisfied | |
| 27 Feb 2012 | 10349367 | Others | ₹1.12 Cr | Satisfied |
To see the full charge records of Coral Freight Systems Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Coral Freight Systems Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Total Transport Systems Ltd THR Vinayak Joshi | Pending |
To see the full case history of Coral Freight Systems 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
Coral Freight Systems Private Limited has 2 MSME Form 1 returns on record between 2018 and 2019, listing 3 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Bhuwania & Agrawal Associates | |||
| CNC E-Solutions Private Limited | |||
| Kangaroo Logistics Private Limited |
To see the full MSME payment records of Coral Freight Systems Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Coral Freight Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCA1090L1ZK | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Coral Freight Systems Private Limited, buy the company report.
Recent activity
Coral Freight Systems Private Limited has 9 board changes on record since 2008: 6 appointments and 3 cessations. The latest: Amit Kantilal Mehta ceased to be Director on 08 Oct 2020.
AGM
Coral Freight Systems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 0.25 Cr with Charge ID 101184063 was registered on 22 Aug 2025.
Filing
Coral Freight Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 27 Feb 2012 via Charge ID 10349367 with Others was fully satisfied on 31 Jan 2025.
Ceased
Amit Kantilal Mehta ceased to be Director.
Charges
A charge with Others of Rs. 1.12 Cr registered on 27 Feb 2012 with Charge ID 10349367 was modified on 19 Aug 2020.
Charges
A charge registered on 29 Dec 2018 via Charge ID 100227931 with Others was fully satisfied on 04 Nov 2019.
Charges
A charge with Others amounted to Rs. 0.90 Cr with Charge ID 100227931 was registered on 29 Dec 2018.
Charges
A charge with Others amounted to Rs. 1.12 Cr with Charge ID 10349367 was registered on 27 Feb 2012.
Ceased
Hetal Amit Mehta ceased to be Director.
Appointed
Suraj Krishnakumar Nangalia was appointed as Director.
Ceased
Gautam Chandrakumar Shah ceased to be Director.
6 earlier events are in the company report.
Frequently asked questions
Coral Freight Systems is an active private limited company based in Mumbai, Maharashtra, India. The company works in carrying and forwarding agents (cfa), within the transport and logistics industry. It was incorporated on 03 June 2008 (18+ years old) and is registered under CIN U60231MH2008PTC183115.
Coral Freight Systems has 3 current directors:
- Suraj Krishnakumar Nangalia - Director
- Manisha Nilesh Mehta - Director
- Nilesh Pramodrai Mehta - Director
The latest financial statements of Coral Freight Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Coral Freight Systems is 27AAHCA1090L1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Coral Freight Systems is U60231MH2008PTC183115. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Coral Freight Systems has 1 court case on record: 1 filed against it. 1 is pending.
Coral Freight Systems was incorporated on 03 June 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Amit Kantilal Mehta ceased to be Director on 08 Oct 2020. Hetal Amit Mehta ceased to be Director on 14 Feb 2012. Suraj Krishnakumar Nangalia was appointed as Director on 30 Nov 2009. Coral Freight Systems has 9 board changes on record in total.
Yes, Coral Freight Systems is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0036648).
Coral Freight Systems has 2 MSME Form 1 returns on record between 2018 and 2019, listing 3 overdue payments to 3 micro and small suppliers. The latest return was filed on 09 Jun 2019.
Coral Freight Systems can be reached through the website coralfspl.com. Its registered office is in Mumbai, Maharashtra, India.