Earnest Shipping And Ship Builders Limited - Company Profile

It is a financial services public limited company based in Mumbai, Maharashtra, India, established in 1974.

1974 Mumbai, Maharashtra, India Active

Last Updated: January 12, 2026

About Earnest Shipping And Ship Builders Limited

Earnest Shipping And Ship Builders Limited, a active public limited company, was established on 18 April 1974 in Mumbai, Maharashtra, India. Engaging in brokerage & trading services within the financial and insurance service sector, it holds CIN: U61100MH1974PLC017404. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹2.50 M and a paid-up capital of ₹1.30 M.

Formerly known as Earnest Shipping And Ship Builders Private Limited. It upholds a compliant status. Its leadership includes Dean Christopher John (Whole-Time Director), Chloris Josephine John (Director), Doris John Lourdes (Whole-Time Director). Past directors included Chloris Josephine John, Christopher John Joseph. It holds no open charges and ₹57.10 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Flat No. 107, 10Th Floor, Earnest House, 194, Nariman Point,, Mumbai, Maharashtra, 400021.

Company Details

CIN/LLPIN
U61100MH1974PLC017404
Registration Number
017404
Incorporation Date
18 April 1974
Authorized Capital
₹2.50 M
Paid-Up Capital
₹1.30 M
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 2.50 M as on 12-01-2026
Paid Up Capital ₹ 1.30 M as on 12-01-2026
Company Age 51 Year, 10 Months
Last Filing with ROC 31 Mar 2024
Satisfied Charges ₹ 57.10 Cr as on 12-01-2026
Revenue Growth **** -48.80% (FY 2020)
Profit Growth **** 110.99% (FY 2020)
Ebitda **** 1088.84% (FY 2020)
Net Worth 0.10% (FY 2020)
Total Assets -0.10% (FY 2020)

Comprehensive Company Insights

Explore comprehensive insights into Earnest Shipping And Ship Builders Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Earnest Shipping And Ship Builders Limited?

Current Directors

Name	Designation	Appointment Date	Status
Dean Christopher John	Whole-Time Director	27 Sep 1998	Current
Chloris Josephine John	Director	01 Jun 2012	Current
Doris John Lourdes	Whole-Time Director	17 May 1983	Current
Earnest Joseph John	Director	27 Sep 1995	Current
Christopher John Joseph	Director	01 Jun 2012	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	27 Sep 2012	Past
Pramod Abcsdd	Additional Director	27 Sep 2012	Past

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Financial Performance of Earnest Shipping And Ship Builders.

Earnest Shipping And Ship Builders Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 48.8% decrease. The company also saw a substantial improvement in profitability, with a 110.99% increase in profit. The company's net worth moved up by a moderate rise of 0.1%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-48.80%

*******

Revenue from Operations

*******

-47.92%

*******

Total Assets

*******

-0.10%

*******

Profit or Loss

*******

110.99%

*******

Net Worth

*******

0.10%

*******

EBITDA

*******

1088.84%

*******

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What is the Ownership and Shareholding Structure of Earnest Shipping And Ship Builders?

In 2020, Earnest Shipping And Ship Builders had a promoter holding of 100.00%. The company had 1 Subsidiary and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹571,000,000.00

Charges Breakdown by Lending Institutions

Corproation Bank : 47.85 Cr
Corporation Bank : 5.25 Cr
Bank Of Madura Ltd. : 4.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
22 Sep 2010	Corproation Bank	₹23.00 Cr	Satisfied
20 Jun 2008	Corproation Bank	₹24.85 Cr	Satisfied
17 Mar 2003	Corporation Bank	₹4.50 Cr	Satisfied
08 Nov 2000	Bank Of Madura Ltd.	₹4.00 Cr	Satisfied
16 Feb 1985	Corporation Bank	₹7.50 M	Satisfied

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How Many Employees Work at Earnest Shipping And Ship Builders?

Unlock and access historical data on people associated with Earnest Shipping And Ship Builders, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Earnest Shipping And Ship Builders, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Earnest Shipping And Ship Builders's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Earnest Shipping And Ship Builders

Recent Activity within the Organization

Annual General Meeting

Progress on Earnest Shipping And Ship Builders Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was documented.
30 Sep 2024
Balance Sheet

Earnest Shipping And Ship Builders Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was recorded as a recent event.
31 Mar 2024
Director Appointment

The activity Chloris Josephine John was appointed as a Director was appointed as a Director on 01 Jun 2012 & has been associated with this company since 13 years 8 months . was completed.
01 Jun 2012
Director Appointment

The activity Christopher John Joseph was appointed as a Director was appointed as a Director on 01 Jun 2012 & has been associated with this company since 13 years 8 months . was completed.
01 Jun 2012
Charges

A charge registered on 22 Sep 2010 via Charge ID 10251209 with Corproation Bank was fully satisfied on 21 Jun 2011. was recorded as a recent event.
21 Jun 2011
Charges

Progress on A charge with Corproation Bank amounted to Rs. 230.00 M with Charge ID 10251209 was registered on 22 Sep 2010. was documented.
22 Sep 2010

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Frequently Asked Questions

What is the CIN of Earnest Shipping And Ship Builders Limited?

The CIN of Earnest Shipping And Ship Builders Limited is U61100MH1974PLC017404.

Where is Earnest Shipping And Ship Builders Limited headquartered?

Earnest Shipping And Ship Builders Limited is headquartered at Flat No. 107, 10Th Floor, Earnest House, 194, Nariman Point,, Mumbai, Maharashtra, 400021.

When was Earnest Shipping And Ship Builders Limited incorporated?

Earnest Shipping And Ship Builders Limited was incorporated on 18 April 1974.

Who are the current directors of Earnest Shipping And Ship Builders Limited?

The current directors of Earnest Shipping And Ship Builders Limited are

What is the primary industry of Earnest Shipping And Ship Builders Limited?

The primary industry of Earnest Shipping And Ship Builders Limited is Financial And Insurance Service.

Is Earnest Shipping And Ship Builders Limited a listed company?

Earnest Shipping And Ship Builders Limited is unlisted.

What is the capital structure of Earnest Shipping And Ship Builders Limited?

The authorized capital of Earnest Shipping And Ship Builders Limited is ₹2.50 M, and the paid-up capital is ₹1.30 M.

What is the compliance status of Earnest Shipping And Ship Builders Limited?

The compliance status of Earnest Shipping And Ship Builders Limited is Compliant.

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