MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-05-0006014
Hussain Sheth and Sons (Shipbreakers) Private Limited
Hussain Sheth and Sons (Shipbreakers) Private Limited - transport and logistics in Bhavnagar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹7.02 Cr
▼ 63% YoY
Net profit · FY 2023
₹17.92 Lakh
Net margin 2.6%
EBITDA · FY 2023
₹51.11 Lakh
EBITDA margin 7.3%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹2 Cr
Issued & subscribed
Open charges
₹30.6 Cr
Satisfied ₹36 Cr
Company age
27 yrs
Est. 1999
Employees · EPFO
9
Provident fund records
About Hussain Sheth and Sons (Shipbreakers) Private Limited
Data last updated:
Hussain Sheth and Sons (Shipbreakers) Private Limited is a private limited company based in Bhavnagar, Gujarat, India. It operates in the shipbroking and shipping agency services segment of the transport and logistics sector. It was incorporated on 02 August 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U35110GJ1999PTC036368. Its GSTIN is 24AAACH8457M1Z7 (Gujarat).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2 Cr. It is led by directors including Rafikbhai Musabhai Lota and Kaliwala Abdulrazak Kadarbhai.
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 Plot No 123 Shipbreakingyard Sosiya Tal Talaja Dist, Bhavnagar, Gujarat, India.
As per the financials filed for FY 2023, the company reported a revenue of ₹7.02 Cr, a decline of 63% compared to the previous year. For the same year it recorded a net profit of ₹17.92 Lakh (net margin 2.6%) and EBITDA of ₹51.11 Lakh (EBITDA margin 7.3%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 22% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹30.6 Cr and satisfied charges of ₹36 Cr on record.
Hussain Sheth and Sons (Shipbreakers) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-05-0006014). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U35110GJ1999PTC036368
Registration Number 036368
Incorporation Date 02 August 1999
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-05-0006014
Key People
Rafikbhai Musabhai Lota Director Abdulgafar Abdulkadar Kalivala Additional Director Kaliwala Abdulrazak Kadarbhai Director Recognitions & Rankings of Hussain Sheth and Sons (Shipbreakers)
Contact details
Hussain Sheth and Sons (Shipbreakers) Private Limited's registered office is in Bhavnagar, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressPlot No 123 Shipbreakingyard Sosiya Tal Talaja Dist, Bhavnagar, Gujarat, India
- IndustryTransport and Logistics, Shipbroking & Shipping Agency Services
To see the full contact details of Hussain Sheth and Sons (Shipbreakers) Private Limited, buy the company report.
Comprehensive company report
Hussain Sheth and Sons (Shipbreakers) 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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Financials of Hussain Sheth and Sons (Shipbreakers) Private Limited
FY 2025 filings availableHussain Sheth and Sons (Shipbreakers) Private Limited reported revenue of ₹7.02 Cr (down 63% YoY) for FY 2023.
Revenue · FY 2023
₹7.02 Cr ▼ 63%
Net profit · FY 2023
₹17.92 Lakh margin 2.6%
EBITDA · FY 2023
₹51.11 Lakh margin 7.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 63%
3 years · compounded
▼ 19%
5 years · compounded
▼ 22%
EBITDA CAGR growth
1 year
▼ 30%
3 years · compounded
▲ 57%
Revenue has declined at a compounded annual rate (CAGR) of 22% over five years, including a 63% fall in the latest year. EBITDA fell 30% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹7.02 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹51.11 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.92 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.3% | ||||
| Net Profit Margin | 2.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| 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 Hussain Sheth and Sons (Shipbreakers) Private Limited, buy the company report.
Board of directors of Hussain Sheth and Sons (Shipbreakers) Private Limited
Hussain Sheth and Sons (Shipbreakers) has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rafikbhai Musabhai Lota | Director | 28 Feb 2019 | 7 Years 8 Months | Current |
| Abdulgafar Abdulkadar Kalivala | Additional Director | 21 Oct 2024 | 2 Years 0 Months | Current |
| Kaliwala Abdulrazak Kadarbhai | Director | 28 Feb 2019 | 7 Years 8 Months | Current |
Auditor
Hussain Sheth and Sons (Shipbreakers) Private Limited is audited by P. D. GOPLANI & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P. D. GOPLANI & ASSOCIATES | FY 2023 | 118023W |
Shareholding
The shareholding of Hussain Sheth and Sons (Shipbreakers) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | 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 Hussain Sheth and Sons (Shipbreakers) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹30.6 Cr
Satisfied charges
₹36 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Nov 2020 | 100387960 | State Bank of India | ₹30.6 Cr | Open | |
| 19 Jan 2007 | 10064306 | Syndicate Bank | ₹36 Cr | Satisfied |
To see the full charge records of Hussain Sheth and Sons (Shipbreakers) Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Hussain Sheth and Sons (Shipbreakers) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hussain Sheth and Sons (Shipbreakers) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Hussain Sheth and Sons (Shipbreakers) Private Limited has a workforce of 9 employees on its EPFO records as of Sep 25, 2025, across 1 active EPFO establishment.
Employee count
9
Active EPFO establishments
1
Employee growth
50%
GST
Hussain Sheth and Sons (Shipbreakers) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACH8457M1Z7 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hussain Sheth and Sons (Shipbreakers) Private Limited, buy the company report.
Recent activity
Hussain Sheth and Sons (Shipbreakers) Private Limited has 6 board changes on record since 2019: 3 appointments and 3 cessations. The latest: Abdulgafar Abdulkadar Kalivala was appointed as Additional Director on 21 Oct 2024.
AGM
Hussain Sheth And Sons (Shipbreakers) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Hussain Sheth And Sons (Shipbreakers) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Abdulgafar Abdulkadar Kalivala was appointed as Additional Director.
Ceased
Firoz Yusufbhai Kaliwala ceased to be Director.
Charges
A charge with State Bank Of India of Rs. 30.60 Cr registered on 10 Nov 2020 with Charge ID 100387960 was modified on 23 Jan 2023.
Charges
A charge with State Bank Of India amounted to Rs. 30.60 Cr with Charge ID 100387960 was registered on 10 Nov 2020.
Ceased
Aminabanoo Dilawarbhai Kaliwala ceased to be Director.
Ceased
Dilawarbhai Hussainbhai Kaliwala ceased to be Whole-Time Director.
Appointed
Kaliwala Abdulrazak Kadarbhai was appointed as Director.
Appointed
Rafikbhai Musabhai Lota was appointed as Director.
Charges
A charge registered on 19 Jan 2007 via Charge ID 10064306 with Syndicate Bank was fully satisfied on 24 Nov 2017.
Charges
A charge with Syndicate Bank of Rs. 36.00 Cr registered on 19 Jan 2007 with Charge ID 10064306 was modified on 29 Mar 2013.
2 earlier events are in the company report.
Frequently asked questions
Hussain Sheth and Sons (Shipbreakers) is an active private limited company based in Bhavnagar, Gujarat, India. The company works in shipbroking and shipping agency services, within the transport and logistics industry. It was incorporated on 02 August 1999 (27+ years old) and is registered under CIN U35110GJ1999PTC036368.
Hussain Sheth and Sons (Shipbreakers) has 3 current directors:
- Rafikbhai Musabhai Lota - Director
- Abdulgafar Abdulkadar Kalivala - Additional Director
- Kaliwala Abdulrazak Kadarbhai - Director
The latest financial statements of Hussain Sheth and Sons (Shipbreakers) 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 2015 are in the company report.
The GSTIN of Hussain Sheth and Sons (Shipbreakers) is 24AAACH8457M1Z7, registered in Gujarat.
The CIN (Corporate Identification Number) of Hussain Sheth and Sons (Shipbreakers) is U35110GJ1999PTC036368. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hussain Sheth and Sons (Shipbreakers) was incorporated on 02 August 1999, making it 27+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Abdulgafar Abdulkadar Kalivala was appointed as Additional Director on 21 Oct 2024. Firoz Yusufbhai Kaliwala ceased to be Director on 21 Oct 2024. Aminabanoo Dilawarbhai Kaliwala ceased to be Director on 01 Mar 2019. Hussain Sheth and Sons (Shipbreakers) has 6 board changes on record in total.
Yes, Hussain Sheth and Sons (Shipbreakers) is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-05-0006014).
The registered office of Hussain Sheth and Sons (Shipbreakers) is at Plot No 123 Shipbreakingyard Sosiya Tal Talaja Dist, Bhavnagar, Gujarat, India.
Hussain Sheth and Sons (Shipbreakers) operates in the transport and logistics industry, in the shipbroking and shipping agency services segment.
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