Essar Shipping Limited. - Company Profile

Q: Who are the current directors of Essar Shipping Limited.?

The current directors of Essar Shipping Limited. are Rachana Hemant Trevedi, Sunil Bhargav Modak, Rajesh Dhirubhai Desai, Vipin Jain, Raichel Mathew, Jayakumar, Suresh Ramamirtham, Ketan Shah Kantibhai, Bharat Modi.

It is a transport and logistics public limited company based in Khambhalia, Gujarat, India, established in 2010.

2010 Khambhalia, Gujarat, India Active

Last Updated: December 22, 2025

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About Essar Shipping Limited.

Essar Shipping Limited., a active public limited company, was established on 16 April 2010 in Khambhalia, Gujarat, India. Engaging in shipping & maritime services within the transport and storage sector, it holds CIN: L61200GJ2010PLC060285. Registered under ROC Roc Ahmedabad. it is listed on BSE: 533704 and NSE: ESSARSHPNG. It has an authorized capital of ₹650.00 Cr and a paid-up capital of ₹206.98 Cr.

Formerly known as Essar Ports & Terminals Limited. It upholds a compliant status. Its leadership includes Sunil Bhargav Modak (Director), Rajesh Dhirubhai Desai (Director), Raichel Mathew (Director). Past directors included Rahul Bhargava, Vikram Vinod Gupta, Naresh Chand Singhal. It holds ₹2,475.20 Cr open charges and ₹1,659.26 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Ebtsl Premises,Er-2 Building(Admn. Building)Salaya 44 Km, P.B. No 7Taluka,Khambhalia,Devbhu, Mi Dwarka, Khambhalia, Gujarat, 361305.

Company Details

CIN/LLPIN
L61200GJ2010PLC060285
Registration Number
060285
Incorporation Date
16 April 2010
Authorized Capital
₹650.00 Cr
Paid-Up Capital
₹206.98 Cr
ROC Code
Roc Ahmedabad
Listing Status
Listed (BSE: 533704, NSE: ESSARSHPNG)
Company Status
Active

Key Metrics

Authorised Capital ₹ 650.00 Cr as on 22-12-2025
Paid Up Capital ₹ 206.98 Cr as on 22-12-2025
Company Age 15 Year, 11 Months
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 2,475.20 Cr as on 22-12-2025
Satisfied Charges ₹ 1,659.26 Cr as on 22-12-2025
Revenue Growth **** -87.14% (FY 2023)
Profit Growth **** 777.17% (FY 2023)
Ebitda **** -133.92% (FY 2023)
Net Worth 51.36% (FY 2023)
Total Assets -4.92% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Essar Shipping 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 Essar Shipping Limited.?

Current Directors

Name	Designation	Appointment Date	Status
Sunil Bhargav Modak	Director	08 Sep 2022	Current
Rajesh Dhirubhai Desai	Director	30 Sep 2020	Current
Raichel Mathew	Director	08 Sep 2022	Current
Jayakumar	Director	31 Aug 2021	Current
Suresh Ramamirtham	Director	31 Aug 2021	Current
Vipin Jain	Whole-Time Director	28 May 2024	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Whole-Time Director	30 Sep 2020	Past
Pramod Abcsdd	Cfo	22 Dec 2017	Past
Pramod Abcsdd	Additional Director	25 Sep 2013	Past
Pramod Abcsdd	Director	24 May 2017	Past
Pramod Abcsdd	Managing Director	09 Sep 2016	Past
Pramod Abcsdd	Additional Director	21 Jul 2025	Past

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Financial Performance of Essar Shipping.

Essar Shipping Limited., for the financial year ended 2023, experienced significant reduction in revenue, with a 87.14% decrease. The company also saw a substantial improvement in profitability, with a 777.17% increase in profit. The company's net worth Soared by an impressive increase of 51.36%.

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

********

-87.14%

*******

Revenue from Operations

*******

-97.62%

*******

Total Assets

*******

-4.92%

*******

Profit or Loss

*******

777.17%

*******

Net Worth

*******

51.36%

*******

EBITDA

*******

-133.92%

*******

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What is the Ownership and Shareholding Structure of Essar Shipping?

In 2020, Essar Shipping had a promoter holding of 74.37% and a public holding of 25.62%. The company had 2 Subsidiaries 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

₹24,752,000,000.00

Satisfied Charges

₹16,592,550,000.00

Charges Breakdown by Lending Institutions

Loans And Agency Uk And Europe : 1159.20 Cr
Others : 716.00 Cr
Srei Infrastructure Finance Limited : 490.00 Cr
Yes Bank Limited : 70.00 Cr
Idbi Trusteeship Services Limited : 40.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
18 Dec 2023	Others	₹320.00 Cr	Open
31 May 2023	Others	₹306.00 Cr	Open
08 Dec 2020	Others	₹90.00 Cr	Open
03 May 2014	Srei Infrastructure Finance Limited	₹25.00 Cr	Open
04 Dec 2013	Yes Bank Limited	₹70.00 Cr	Open

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How Many Employees Work at Essar Shipping?

Unlock and access historical data on people associated with Essar Shipping, 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 Essar Shipping, 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 Essar Shipping'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 Essar Shipping

Recent Activity within the Organization

Charges

Progress on A charge registered on 20 Aug 2014 via Charge ID 10521660 with Yes Bank Limited was fully satisfied on 13 Nov 2025. was documented.
13 Nov 2025
Director Appointment

Ketan Shah Kantibhai was appointed as a Director was appointed as a Director on 26 Sep 2025 & has been associated with this company since 5 months 23 days . was recorded as a recent event.
26 Sep 2025
Director Appointment

Bharat Modi was appointed as a Company Secretary was appointed as a Company Secretary on 29 Apr 2025 & has been associated with this company since 10 months 20 days . was recorded as a recent event.
29 Apr 2025
Annual General Meeting

Progress on Essar Shipping Limited. last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was documented.
30 Sep 2024
Director Appointment

The activity Vipin Jain was appointed as a CFO was appointed as a CFO on 19 Jun 2024 & has been associated with this company since 1 year 9 months . was completed.
19 Jun 2024
Director Appointment

Progress on Vipin Jain was appointed as a Whole-time director was appointed as a Whole-time director on 28 May 2024 & has been associated with this company since 1 year 9 months . was documented.
28 May 2024

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