India's Richest People 2026 edition · 1 director · Source: Hurun India
- #974 Rupesh Kantilal Savla & family ₹2,900 Cr
Revenue · FY 2025
₹13.54 Lakh
▲ 26.42% YoY
Net loss · FY 2025
₹1.58 Cr
Latest filing
EBITDA · FY 2025
-₹1.49 Cr
Latest filing
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹262.86 Cr
Satisfied ₹370.47 Cr
Company age
36 yrs
Est. 1990
Employees · EPFO
51
Provident fund records
About Dolphin Offshore Shipping Limited
Data last updated:
Dolphin Offshore Shipping Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Dolphin Offshore Enterprises (India) Limited. It operates in the cargo services segment of the transport and logistics sector. It was incorporated on 03 September 1990 and has been in existence for over 36 years.
Its director Rupesh Kantilal Savla and family are #974 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1990PLC057967. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹1 Lakh. It was formerly known as Procyon Offshore Services Limited and Procyon Trading & Investments Private Limited. It is led by directors including Dharen Shantilal Savla and Rupeshbhai Kantilal Savla.
Its last annual general meeting (AGM) was held on 18 August 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 ₹13.54 Lakh. For the same year it recorded a net loss of ₹1.58 Cr and EBITDA of -₹1.49 Cr.
The company has about 51 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Dolphin Offshore. As per MCA filings, the company has open charges of ₹262.86 Cr and satisfied charges of ₹370.47 Cr on record. Court records list 29 cases involving the company, including 7 filed by the company and 22 filed against it; 9 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in June 2006.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dolphinoffshore.com.
Company details
CIN U51900MH1990PLC057967
Registration Number 057967
Incorporation Date 03 September 1990
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 18 August 2025
Date of Balance Sheet 31 March 2025
Parent Company Dolphin Offshore Enterprises (India) Limited
Compliance Status Active Compliant
Name history
Dolphin Offshore Shipping has undergone 3 name changes throughout its history. The company was previously known as Procyon Offshore Services Limited, Procyon Trading & Investments Private Limited, and Procyon Offshore Services Private Limited. The current legal name is Dolphin Offshore Shipping Limited.
| Company Name | Status |
|---|---|
| Dolphin Offshore Shipping Limited | Current |
| Procyon Offshore Services Limited | Previous |
| Procyon Trading & Investments Private Limited | Previous |
| Procyon Offshore Services Private Limited | Previous |
CIN history
Dolphin Offshore Shipping has one previous CIN (Corporate Identification Number): U51900MH1990PTC057967. The current CIN is U51900MH1990PLC057967, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51900MH1990PLC057967 | Current |
| U51900MH1990PTC057967 | Previous |
Key People
Dharen Shantilal Savla Director Rupeshbhai Kantilal Savla Director Parasbhai Shantilal Savla Director Recognitions & Rankings of Dolphin Offshore Shipping
Contact details
Dolphin Offshore Shipping Limited's registered office is in Mumbai, Maharashtra. Its website is dolphinoffshore.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressMay Fair A – 11 Second Floor, New Fair Co – Operative Housing Society Ltd. 26 S.V. Road, Mumbai, Maharashtra, India – 400050
- IndustryTransport and Logistics, Cargo Services
To see the full contact details of Dolphin Offshore Shipping Limited, buy the company report.
Comprehensive company report
Dolphin Offshore Shipping 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
Dolphin Offshore Shipping operates one associated brand: Dolphin Offshore. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of underwater services and turnkey EPC projects for the oil and gas industry | dolphinoffshore.com |
Business activity
The main business activity of Dolphin Offshore 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 Dolphin Offshore Shipping Limited, buy the company report.
Financials of Dolphin Offshore Shipping Limited
FY 2025 filings availableDolphin Offshore Shipping Limited reported revenue of ₹13.54 Lakh for FY 2025.
Revenue · FY 2025
₹13.54 Lakh
Net loss · FY 2025
₹1.58 Cr
EBITDA · FY 2025
-₹1.49 Cr
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹1.49 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹1.58 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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To see the full financial statements and ratios of Dolphin Offshore Shipping Limited, buy the company report.
Board of directors of Dolphin Offshore Shipping Limited
Dolphin Offshore Shipping has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dharen Shantilal Savla Also directs: Dolphin Offshore Enterprises (India) Limited, Deep Exploration Services Private Limited, Deep Natural Resources Limited and 5 more | Director | 07 Nov 2024 | 1 Years 11 Months | Current |
| Rupeshbhai Kantilal Savla | Director | 07 Nov 2024 | 1 Years 11 Months | Current |
| Parasbhai Shantilal Savla Also directs: Deep Industries Limited, Deep Exploration Services Private Limited, Deep Energy Resources Private Limited and 5 more | Director | 07 Nov 2024 | 1 Years 11 Months | Current |
Auditor
Dolphin Offshore Shipping Limited is audited by SHARP & TANNAN for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHARP & TANNAN | FY 2018 | 109982W |
Shareholding
The shareholding of Dolphin Offshore Shipping Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Dolphin Offshore Shipping Limited, buy the company report.
Charges & borrowings
Open charges
₹262.86 Cr
Satisfied charges
₹370.47 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Feb 2010 | 10204129 | Sbicap Trustee Company Limited | ₹254.36 Cr | Satisfied | |
| 29 May 2009 | 10161081 | State Bank of India | ₹100 Cr | Satisfied | |
| 02 Mar 2009 | 10154464 | State Bank of India | ₹8.5 Cr | Satisfied | |
| 05 Mar 2004 | 90154724 | Bombay Mercantile Co-Operative Bank Ltd | ₹3.6 Cr | Satisfied | |
| 05 Mar 2004 | 90154017 | Bombay Mercantile Co-Operative Bank Ltd | ₹1.25 Cr | Satisfied |
To see the full charge records of Dolphin Offshore Shipping Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Dolphin Offshore Shipping Limited has 1 deal on record (1 acquisition); the latest was in June 2006.
Total deals
1
Acquisition
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2006 | Acquisition | ₹13.58 Cr | Buyer: Dolphin Offshore Enterprises (India) Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Dolphin Offshore Shipping Limited has 29 court cases on record: 7 filed by Dolphin Offshore Shipping, 22 filed against it. 9 cases are pending and 20 are disposed.
Total cases
29
Filed by the company
7
Filed against the company
22
Pending
9
Disposed
20
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 19 | 14 | 5 |
| District courts | 6 | 4 | 4 |
| NCLT | 3 | 3 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Ahm Catering and Allied Services Pvt Ltd | Pending |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Elektronik Lab India Pvt Ltd | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Ahm Catering and Allied Services Pvt Ltd | Disposed |
| Bombay High Court | Court case (CARBP) | Filed by the company against Oil and Natural Gas Corporation Ltd. and 1 other | Disposed |
| Bombay High Court | Court case (APP) | Filed by the company against Abhay Ocean India P. Ltd. and Ors. | Disposed |
To see the full case history of Dolphin Offshore Shipping 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.
Credit ratings & regulatory alerts
Dolphin Offshore Shipping Limited was last rated by Crisil on 23 Oct 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 23 Oct 2019 |
To see the full credit ratings and regulatory alerts of Dolphin Offshore Shipping Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Dolphin Offshore Shipping Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Dolphin Offshore Shipping has 1 associated company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
1
Associated companies
Employees & EPFO
Dolphin Offshore Shipping Limited has a workforce of 51 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
51
Active EPFO establishments
1
Employee growth
-10.53%
GST
Dolphin Offshore Shipping has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of Dolphin Offshore Shipping Limited, buy the company report.
Recent activity
Dolphin Offshore Shipping Limited has 16 board changes on record since 2007: 3 appointments and 13 cessations. The latest: Dakshesh Pravinchandra Choksi ceased to be Irp/Rp/Liquidator on 13 Jan 2025.
AGM
Dolphin Offshore Shipping Limited last Annual general meeting of members was held on 18 Aug 2025 as per latest MCA records.
Charges
A charge registered on 05 Feb 2010 via Charge ID 10204129 with Sbicap Trustee Company Limited was fully satisfied on 01 Apr 2025.
Filing
Dolphin Offshore Shipping Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 02 Mar 2009 via Charge ID 10154464 with State Bank Of India was fully satisfied on 21 Feb 2025.
Ceased
Dakshesh Pravinchandra Choksi ceased to be Irp/Rp/Liquidator.
Appointed
Dharen Shantilal Savla was appointed as Director.
Ceased
Navpreet Kirpal Singh ceased to be Managing Director.
Appointed
Parasbhai Shantilal Savla was appointed as Director.
Appointed
Rupeshbhai Kantilal Savla was appointed as Director.
Ceased
Kedar Somnath Pande ceased to be Irp/Rp/Liquidator.
Ceased
Surendran Vellalath ceased to be Company Secretary.
Ceased
Madhukar Khanchand Moolwaney ceased to be Additional Director.
30 earlier events are in the company report.
News
Frequently asked questions
Dolphin Offshore Shipping is an active public limited company based in Mumbai, Maharashtra, India. The company works in cargo services, within the transport and logistics industry. It was incorporated on 03 September 1990 (36+ years old) and is registered under CIN U51900MH1990PLC057967.
Dolphin Offshore Shipping has 3 current directors:
- Dharen Shantilal Savla - Director
- Rupeshbhai Kantilal Savla - Director
- Parasbhai Shantilal Savla - Director
The latest financial statements of Dolphin Offshore Shipping on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 August 2025. Year-wise statements from 2015 are in the company report.
No. Dolphin Offshore Shipping has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Dolphin Offshore Shipping is U51900MH1990PLC057967. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dolphin Offshore Shipping has 29 court cases on record: 7 filed by the company and 22 filed against it. 9 are pending. Most are in the high courts.
Dolphin Offshore Shipping was incorporated on 03 September 1990, making it 36+ years old. It is registered with the Registrar of Companies, Mumbai.
Dolphin Offshore Shipping has 1 deal on record (1 acquisition); the latest was in June 2006.
Dakshesh Pravinchandra Choksi ceased to be Irp/Rp/Liquidator on 13 Jan 2025. Dharen Shantilal Savla was appointed as Director on 07 Nov 2024. Navpreet Kirpal Singh ceased to be Managing Director on 07 Nov 2024. Dolphin Offshore Shipping has 16 board changes on record in total.
Dolphin Offshore Shipping can be reached through the website dolphinoffshore.com. Its registered office is in Mumbai, Maharashtra, India.
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