MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0027379
Devise Marago Shipping Private Limited - transport and logistics in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹9.22 Cr
▼ 11% YoY
Net profit · FY 2025
₹10.24 Lakh
Net margin 1.1%
EBITDA · FY 2025
₹35.22 Lakh
EBITDA margin 3.8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹23.19 Lakh
Secured borrowings
Company age
8 yrs
Est. 2018
Employees · EPFO
13
Provident fund records
About Devise Marago Shipping Private Limited
Data last updated:
Devise Marago Shipping Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 03 April 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U63090KA2018PTC111893. Its GSTIN is 29AAGCD6273R1ZR (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Shivakumar Munishamappa Devarahalli and Devarahalli Muniswamappa Srinivas.
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 Bengaluru, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.22 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹10.24 Lakh (net margin 1.1%) and EBITDA of ₹35.22 Lakh (EBITDA margin 3.8%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 27% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Devise Marago Shipping. As per MCA filings, the company has open charges of ₹23.19 Lakh on record. Court records list 5 cases involving the company, including 5 filed by the company; 3 cases are pending.
Devise Marago Shipping Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0027379). For more details, the company can be reached via its website devisemarago.com.
Company details
CIN U63090KA2018PTC111893
Registration Number 111893
Incorporation Date 03 April 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Small
Udyam Registration UDYAM-KR-03-0027379
Recognitions & Rankings of Devise Marago Shipping
Contact details
Devise Marago Shipping Private Limited's registered office is in Bengaluru, Karnataka. Its website is devisemarago.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 157 Tambucchetty Palya Main Road S.B.I Colony K.R. Puram Bangalore 560 – 03, 6, Bengaluru, Karnataka, India – 560036
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Devise Marago Shipping Private Limited, buy the company report.
Comprehensive company report
Devise Marago Shipping 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
Devise Marago Shipping operates one associated brand: Devise Marago Shipping. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive multi-modal freight forwarding solutions. | devisemarago.com |
Business activity
The main business activity of Devise Marago Shipping is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of Devise Marago Shipping Private Limited, buy the company report.
Financials of Devise Marago Shipping Private Limited
FY 2025 filings availableDevise Marago Shipping Private Limited reported revenue of ₹9.22 Cr (down 11% YoY) for FY 2025.
Revenue · FY 2025
₹9.22 Cr ▼ 11%
Net profit · FY 2025
₹10.24 Lakh margin 1.1%
EBITDA · FY 2025
₹35.22 Lakh margin 3.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 11%
3 years · compounded
▲ 8%
5 years · compounded
▲ 27%
EBITDA CAGR growth
1 year
▼ 4%
3 years · compounded
▲ 11%
5 years · compounded
▲ 35%
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 27%. EBITDA fell 4% 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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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹35.22 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.24 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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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 | 3.8% | ||||
| Net Profit Margin | 1.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Devise Marago Shipping Private Limited, buy the company report.
Board of directors of Devise Marago Shipping Private Limited
Devise Marago Shipping has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shivakumar Munishamappa Devarahalli | Director | 03 Apr 2018 | 8 Years 7 Months | Current |
| Devarahalli Muniswamappa Srinivas Also directs: DMS Concrete Products Private Limited | Director | 03 Apr 2018 | 8 Years 7 Months | Current |
Peer comparison
Devise Marago Shipping Private Limited is compared with the 3 companies closest to it by revenue in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (services incidental to land, water & air transportation), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Devise Marago Shipping Private Limitedthis company | ₹9.22 Cr (FY 2025) | ₹10.24 Lakh | 1.1% | -11.0% | 13 | Bengaluru, Karnataka, India |
| Rca Logistics Private Limited | ₹9.21 Cr (FY 2024) | 34.0% | Chennai, Tamil Nadu, India | |||
| MTL Marine Trans Logistics Private Limited | ₹9.2 Cr (FY 2025) | -8.0% | Chennai, Tamil Nadu, India | |||
| Uniwings Cargo Private Limited | ₹9.2 Cr (FY 2024) | -13.0% | Rajajinagar, Karnataka, India |
To see the full peer comparison of Devise Marago Shipping Private Limited, buy the company report.
Auditor
Devise Marago Shipping Private Limited is audited by LRL AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LRL AND ASSOCIATES | FY 2023 | 018950S |
Shareholding
The shareholding of Devise Marago Shipping Private Limited is on record for 4 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | 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 Devise Marago Shipping Private Limited, buy the company report.
Charges & borrowings
Open charges
₹23.19 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jul 2025 | 101170068 | Hdfc Bank Limited | ₹16.56 Lakh | Open | |
| 10 Apr 2023 | 100698473 | Others | ₹6.63 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Devise Marago Shipping Private Limited has 5 court cases on record: 5 filed by Devise Marago Shipping. 3 cases are pending and 2 are disposed.
Total cases
5
Filed by the company
5
Pending
3
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 3 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed by the company against Florishine International Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Frontiera Shoes Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Florishine International Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed by the company against Sri Sai Balaji Enterprises | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against an individual | Disposed |
To see the full case history of Devise Marago Shipping 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 Devise Marago Shipping Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Devise Marago Shipping Private Limited has a workforce of 13 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
13
Active EPFO establishments
1
Employee growth
44.44%
GST
Devise Marago Shipping has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCD6273R1ZR | Karnataka | Active | 03 May 2018 |
| 33AAGCD6273R1Z2 | Tamil Nadu | Active | 24 Sep 2020 |
To see the full GST registrations and return filing status of Devise Marago Shipping Private Limited, buy the company report.
Recent activity
Devise Marago Shipping Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Devarahalli Muniswamappa Srinivas was appointed as Director on 03 Apr 2018.
AGM
Devise Marago Shipping Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 16.56 Lakh with Charge ID 101170068 was registered on 15 Jul 2025.
Filing
Devise Marago Shipping Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 6.63 Lakh with Charge ID 100698473 was registered on 10 Apr 2023.
Appointed
Devarahalli Muniswamappa Srinivas was appointed as Director.
Appointed
Shivakumar Munishamappa Devarahalli was appointed as Director.
Incorporation
03 Apr 2018
Devise Marago Shipping Private Limited was registered on 03 Apr 2018 with Roc Bangalore & aged 8 years 7 months as per MCA records.
Frequently asked questions
Devise Marago Shipping is an active private limited company based in Bengaluru, Karnataka, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 03 April 2018 (8+ years old) and is registered under CIN U63090KA2018PTC111893.
Devise Marago Shipping has 2 current directors:
- Shivakumar Munishamappa Devarahalli - Director
- Devarahalli Muniswamappa Srinivas - Director
The latest financial statements of Devise Marago Shipping 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 FY 2019 are in the company report.
The GSTIN of Devise Marago Shipping is 29AAGCD6273R1ZR, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAGCD6273R1Z2 (Tamil Nadu).
The CIN (Corporate Identification Number) of Devise Marago Shipping is U63090KA2018PTC111893. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devise Marago Shipping has 5 court cases on record: 5 filed by the company. 3 are pending.
Devise Marago Shipping was incorporated on 03 April 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Devise Marago Shipping by revenue are Rca Logistics Private Limited, MTL Marine Trans Logistics Private Limited, Uniwings Cargo Private Limited, all in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (services incidental to land, water & air transportation).
Devarahalli Muniswamappa Srinivas was appointed as Director on 03 Apr 2018. Shivakumar Munishamappa Devarahalli was appointed as Director on 03 Apr 2018.
Yes, Devise Marago Shipping is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0027379).
Devise Marago Shipping can be reached through the website devisemarago.com. Its registered office is in Bengaluru, Karnataka, India.
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