MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0107810
Herald Maritime Services Private Limited - transport and logistics in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹4.26 Cr
▼ 40% YoY
Net loss · FY 2025
₹3.42 Cr
Net margin -80.4%
EBITDA · FY 2025
-₹2.76 Cr
EBITDA margin -64.8%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Satisfied charges
₹4.77 Cr
No open charges
Company age
35 yrs
Est. 1991
Employees · EPFO
23
Provident fund records
About Herald Maritime Services Private Limited
Data last updated:
Herald Maritime Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 16 May 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U11100MH1991PTC061725. Its GSTIN is 27AAACH2042Q1ZG (Maharashtra).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Rasika Rajendra Barve and Villoo Jamshed Appoo.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Office No. 317 – 318 Dalamal Tower Plot No. 211 Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.26 Cr, a decline of 40% compared to the previous year. For the same year it recorded a net loss of ₹3.42 Cr (net margin -80.4%) and EBITDA of -₹2.76 Cr (EBITDA margin -64.8%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 6% over five years.
The company has about 23 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Herald Maritime Services. As per MCA filings, the company has satisfied charges of ₹4.77 Cr on record. Court records list 5 cases involving the company, including 5 filed against it.
Herald Maritime Services Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0107810). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website herald-maritime.com.
Company details
CIN U11100MH1991PTC061725
Registration Number 061725
Incorporation Date 16 May 1991
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0107810
Key People
Rasika Rajendra Barve Director Villoo Jamshed Appoo Director Rajendra Yeshwant Barve Director Recognitions & Rankings of Herald Maritime Services
Contact details
Herald Maritime Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is herald-maritime.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice No. 317 – 318 Dalamal Tower Plot No. 211 Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Herald Maritime Services Private Limited, buy the company report.
Comprehensive company report
Herald Maritime Services 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
Herald Maritime Services operates one associated brand: Herald Maritime Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Maritime personnel management and related support services in India. | herald-maritime.com |
Business activity
The main business activity of Herald Maritime Services is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services |
To see the full business activity and turnover split of Herald Maritime Services Private Limited, buy the company report.
Financials of Herald Maritime Services Private Limited
FY 2024 filings availableHerald Maritime Services Private Limited reported revenue of ₹4.26 Cr (down 40% YoY) for FY 2025.
Revenue · FY 2025
₹4.26 Cr ▼ 40%
Net loss · FY 2025
₹3.42 Cr margin -80.4%
EBITDA · FY 2025
-₹2.76 Cr margin -64.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 40%
3 years · compounded
▼ 9%
5 years · compounded
▼ 6%
EBITDA CAGR growth
1 year
▼ 305%
3 years · compounded
▼ 122%
5 years · compounded
▼ 45%
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 40% fall in the latest year. EBITDA fell 305% 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 | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹2.76 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.42 Cr | ||||
| 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 | -64.8% | ||||
| Net Profit Margin | -80.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Herald Maritime Services Private Limited, buy the company report.
Board of directors of Herald Maritime Services Private Limited
Herald Maritime Services has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rasika Rajendra Barve | Director | 16 May 1991 | 35 Years 5 Months | Current |
| Villoo Jamshed Appoo Also directs: Davic Ship Management (India) Private Limited | Director | 18 May 1991 | 35 Years 5 Months | Current |
| Rajendra Yeshwant Barve Also directs: Hepleq Aquifers Private Limited, Equip Ortho Surg (India) Private Limited, Sakshi Marine (India) Private Limited and 3 more | Director | 16 May 1991 | 35 Years 5 Months | Current |
| Jamshed Jimmy Appoo Also directs: Sakshi Marine (India) Private Limited, Herald Travels Private Limited, Davic Ship Management (India) Private Limited and 2 more | Director | 18 May 1991 | 35 Years 5 Months | Current |
Auditor
Herald Maritime Services Private Limited is audited by DINESH JAIN for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DINESH JAIN | FY 2022 | 045688 |
Shareholding
The shareholding of Herald Maritime Services Private Limited is on record for 5 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 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Herald Maritime Services Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹4.77 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Sep 2013 | 10483931 | Icici Bank Limited | ₹85 Lakh | Satisfied | |
| 22 Nov 2004 | 90241233 | The Zoroastrian Co-Op. Bank Ltd. | ₹30 Lakh | Satisfied | |
| 17 Aug 1999 | 80003037 | The Zoroastrian Co Operative Bank Limited | ₹1.79 Cr | Satisfied | |
| 17 Aug 1999 | 80003045 | The Zoroastrian Co Op Bank | ₹- | Satisfied | |
| 17 Aug 1999 | 90238339 | The Zoroastrian Co-Op. Bank Ltd. | ₹1.79 Cr | Satisfied |
To see the full charge records of Herald Maritime Services Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Herald Maritime Services Private Limited has 5 court cases on record: 5 filed against it. All cases are disposed.
Total cases
5
Filed against the company
5
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 0 |
| District courts | 2 | 2 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Comp ULP) | Filed against the company by an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Revn. Appln. ULP) | Filed against the company by an individual | Disposed |
| High Court for State of Telangana | Revision petition | Filed against the company | Disposed |
| High Court, TELANGANA | Appeal | Filed against the company by individuals | Disposed |
To see the full case history of Herald Maritime Services 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 Herald Maritime Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Herald Maritime Services has 1 subsidiary company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Planmain Quality Consultants (India) Private Limited | U74140MH1997PTC108388 |
To see the full group structure of Herald Maritime Services Private Limited, buy the company report.
Employees & EPFO
Herald Maritime Services Private Limited has a workforce of 23 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
23
Active EPFO establishments
1
Employee growth
-8%
GST
Herald Maritime Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH2042Q1ZG | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Herald Maritime Services Private Limited, buy the company report.
Recent activity
Herald Maritime Services Private Limited has 4 board changes on record since 1991: 4 appointments. The latest: Jamshed Jimmy Appoo was appointed as Director on 18 May 1991.
AGM
Herald Maritime Services Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Herald Maritime Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 27 Sep 2013 via Charge ID 10483931 with Icici Bank Limited was fully satisfied on 18 Sep 2020.
Charges
A charge registered on 16 Oct 1991 via Charge ID 90239673 with Bank Of Maharashtra was fully satisfied on 25 May 2017.
Charges
A charge registered on 22 Nov 2004 via Charge ID 90241233 with The Zoroastrian Co-Op. Bank Ltd. was fully satisfied on 09 Feb 2017.
Charges
A charge registered on 17 Aug 1999 via Charge ID 80003037 with The Zoroastrian Co Operative Bank Limited was fully satisfied on 09 Feb 2017.
Charges
A charge registered on 17 Aug 1999 via Charge ID 90238339 with The Zoroastrian Co-Op. Bank Ltd. was fully satisfied on 09 Feb 2017.
Charges
A charge with Icici Bank Limited amounted to Rs. 85.00 Lakh with Charge ID 10483931 was registered on 27 Sep 2013.
Charges
A charge registered on 17 Aug 1999 via Charge ID 80003045 with The Zoroastrian Co Op Bank was fully satisfied on 26 Apr 2006.
Charges
A charge with The Zoroastrian Co-Op. Bank Ltd. amounted to Rs. 30.00 Lakh with Charge ID 90241233 was registered on 22 Nov 2004.
Charges
A charge with The Zoroastrian Co-Op. Bank Ltd. of Rs. 178.50 Lakh registered on 17 Aug 1999 with Charge ID 90238339 was modified on 30 Jul 2002.
Charges
A charge with The Zoroastrian Co Op Bank amounted to Rs. 0.00 with Charge ID 80003045 was registered on 17 Aug 1999.
8 earlier events are in the company report.
Frequently asked questions
Herald Maritime Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 16 May 1991 (35+ years old) and is registered under CIN U11100MH1991PTC061725.
Herald Maritime Services has 4 current directors:
- Rasika Rajendra Barve - Director
- Villoo Jamshed Appoo - Director
- Rajendra Yeshwant Barve - Director
- Jamshed Jimmy Appoo - Director
The latest financial statements of Herald Maritime Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Herald Maritime Services is 27AAACH2042Q1ZG, registered in Maharashtra.
The CIN (Corporate Identification Number) of Herald Maritime Services is U11100MH1991PTC061725. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Herald Maritime Services has 5 court cases on record: 5 filed against it. Most are in the high courts.
Herald Maritime Services was incorporated on 16 May 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
Jamshed Jimmy Appoo was appointed as Director on 18 May 1991. Villoo Jamshed Appoo was appointed as Director on 18 May 1991. Rajendra Yeshwant Barve was appointed as Director on 16 May 1991. Herald Maritime Services has 4 board changes on record in total.
Yes, Herald Maritime Services is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0107810).
Herald Maritime Services can be reached through the website herald-maritime.com. Its registered office is in Mumbai, Maharashtra, India.
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