India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,202 Karan Paul ₹2,000 Cr
Revenue · FY 2025
₹3.47 Cr
▼ 5% YoY
Net loss · FY 2025
₹37.59 Lakh
Net margin -10.8%
EBITDA · FY 2025
-₹36.96 Lakh
EBITDA margin -10.6%
Company age
47 yrs
Est. 1979
Employees · EPFO
6
Provident fund records
Directors on board
10
As per MCA filings
Active GSTINs
1
GST registered
Last financials
Mar 2025
Balance sheet date
About Indian National Shipowners Association
Data last updated:
Indian National Shipowners Association is a public limited guarantee & association company based in Mumbai, Maharashtra, India. It operates in the support services segment of the services sector. It was incorporated on 10 September 1979 and has been in existence for over 47 years.
Its director Karan Paul is #1,202 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U91990MH1979GAP021664. Its GSTIN is 27AAACI1967M1Z7 (Maharashtra).
It is led by directors including Karan Paul and Binesh Kumar Tyagi.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 22 Maker Tower (Iind Floor)Cuffe Parade, Mumbai, Maharashtra, India – 400005.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.47 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net loss of ₹37.59 Lakh (net margin -10.8%) and EBITDA of -₹36.96 Lakh (EBITDA margin -10.6%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 4% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website insa.in.
Company details
CIN U91990MH1979GAP021664
Registration Number 021664
Incorporation Date 10 September 1979
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
CIN history
Indian National Shipowners Association has one previous CIN (Corporate Identification Number): L91990MH1979GAP021664. The current CIN is U91990MH1979GAP021664, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U91990MH1979GAP021664 | Current |
| L91990MH1979GAP021664 | Previous |
Key People
Karan Paul Nominee Director Binesh Kumar Tyagi Nominee Director Thomas Wilfred Pinto Nominee Director Recognitions & Rankings of Indian National Shipowners Association
Contact details
Indian National Shipowners Association's registered office is in Mumbai, Maharashtra. Its website is insa.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address22 Maker Tower (Iind Floor)Cuffe Parade, Mumbai, Maharashtra, India – 400005
- IndustryService, Other Support Services
To see the full contact details of Indian National Shipowners Association, buy the company report.
Comprehensive company report
Indian National Shipowners Association - 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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Business activity
The main business activity of Indian National Shipowners Association is other service activities. In detail, this covers activities of membership organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| S | Other service activities | 94 | Activities of membership organizations |
To see the full business activity and turnover split of Indian National Shipowners Association, buy the company report.
Financials of Indian National Shipowners Association
FY 2025 filings availableIndian National Shipowners Association reported revenue of ₹3.47 Cr (down 5% YoY) for FY 2025.
Revenue · FY 2025
₹3.47 Cr ▼ 5%
Net loss · FY 2025
₹37.59 Lakh margin -10.8%
EBITDA · FY 2025
-₹36.96 Lakh margin -10.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 5%
3 years · compounded
▼ 8%
5 years · compounded
▼ 4%
EBITDA CAGR growth
1 year
▼ 47%
3 years · compounded
▼ 33%
5 years · compounded
▼ 24%
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 5% fall in the latest year. EBITDA fell 47% 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 | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹36.96 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹37.59 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -10.6% | ||||
| Net Profit Margin | -10.8% | ||||
| 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 Indian National Shipowners Association, buy the company report.
Board of directors of Indian National Shipowners Association
Indian National Shipowners Association has 10 current directors and 40 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karan Paul Also directs: Apeejay Logistics LLP, Apeejay Surrendra Park Hotels Limited, Apeejay Tea Limited and 5 more | Nominee Director | 22 Sep 2022 | 4 Years 1 Months | Current |
| Binesh Kumar Tyagi | Nominee Director | 27 Sep 2023 | 3 Years 1 Months | Current |
| Thomas Wilfred Pinto | Nominee Director | 27 Sep 2023 | 3 Years 1 Months | Current |
| Pradyumna Raghunath Naware | Nominee Director | 28 Sep 2015 | 11 Years 1 Months | Current |
| Hiren Dhiraj Shah Also directs: Shanti Sagar International Dredging Limited, Ocean Sparkle Limited, Ocean Sparkle Offshore Limited and 3 more | Nominee Director | 26 Sep 2024 | 2 Years 1 Months | Current |
| Chilukuri Venkata Subbarao | Nominee Director | 30 Sep 2010 | 16 Years 1 Months | Current |
Showing 6 of 10 current directors. View all directors
Peer comparison
Indian National Shipowners Association is compared with the 10 companies closest to it by revenue in the same principal business activity (activities of membership organizations), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Anassa Owners Association | ₹3.54 Cr (FY 2025) | 681.0% | Kolkata, West Bengal, India | |||
| Pareek Container Services Private Limited | ₹3.51 Cr (FY 2023) | Patancheru, Telangana, India | ||||
| Sagar Decorators Private Limited | ₹3.51 Cr (FY 2024) | 24.0% | Mumbai, Maharashtra, India | |||
| IT Tecno Amc Solutions Private Limited | ₹3.49 Cr (FY 2025) | -17.0% | Kolkata, West Bengal, India | |||
| Alfa KPO Private Limited | ₹3.48 Cr (FY 2024) | 3.0% | Mumbai, Maharashtra, India | |||
| Indian National Shipowners Associationthis company | ₹3.47 Cr (FY 2025) | -₹37.59 Lakh | -10.8% | -5.0% | 6 | Mumbai, Maharashtra, India |
| Rajkumar Jain Matrimonial Services Private Limited | ₹3.46 Cr (FY 2025) | 80.0% | Hyderabad, Telangana, India | |||
| Rejoy Holidays Private Limited | ₹3.45 Cr (FY 2025) | -12.0% | Thane, Maharashtra, India | |||
| Siddhi Green Enviro Private Limited | ₹3.44 Cr (FY 2025) | Gondal, Gujarat, India | ||||
| King House Projects Private Limited | ₹3.44 Cr (FY 2025) | -3.0% | Mumbai, Maharashtra, India | |||
| Balajee Rang Udyog Private Limited | ₹3.42 Cr (FY 2024) | -14.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Indian National Shipowners Association, buy the company report.
Auditor
Indian National Shipowners Association is audited by ASHOK RAO & CO. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASHOK RAO & CO. | FY 2024 | 100681W |
Shareholding
The shareholding of Indian National Shipowners Association is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions and public shareholders.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public |
To see the full shareholding pattern of Indian National Shipowners Association, buy the company report.
Legal cases
Indian National Shipowners Association has 2 court cases on record: 1 filed by Indian National Shipowners Association, 1 filed against it. All cases are pending.
Total cases
2
Filed by the company
1
Filed against the company
1
Pending
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 1 |
| NCLAT | 1 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Chairperson Court | Tribunal matter | Filed by the company against Oil and Natural Gas Corporation Limited and 1 other | Pending |
| Bombay High Court | Court case (CHSW) | Filed against the company by Pratibha Shipping Co.Ltd. | Pending |
To see the full case history of Indian National Shipowners Association, 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 Indian National Shipowners Association; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Indian National Shipowners Association has a workforce of 6 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
6
Active EPFO establishments
1
Employee growth
20%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 6 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Indian National Shipowners Association, buy the company report.
GST
Indian National Shipowners Association has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI1967M1Z7 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indian National Shipowners Association, buy the company report.
Recent activity
Indian National Shipowners Association has 50 board changes on record since 2009: 11 appointments and 39 cessations. The latest: Milind Kashinath Patankar was appointed as Nominee Director on 25 Sep 2025.
AGM
Indian National Shipowners Association last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records.
Appointed
Milind Kashinath Patankar was appointed as Nominee Director.
Filing
Indian National Shipowners Association has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Hiren Dhiraj Shah was appointed as Nominee Director.
Ceased
Unnikrishnan Padinchareaputhiyaveedu Konath ceased to be Nominee Director.
Appointed
Binesh Kumar Tyagi was appointed as Nominee Director.
Ceased
Milind Patankar Kashinath ceased to be Nominee Director.
Appointed
Thomas Wilfred Pinto was appointed as Nominee Director.
Ceased
George Yesu Vedha Victor ceased to be Nominee Director.
Appointed
Karan Paul was appointed as Nominee Director.
Appointed
Rajiv Bhatia was appointed as Nominee Director.
Ceased
Thomas Wilfred Pinto ceased to be Nominee Director.
41 earlier events are in the company report.
Frequently asked questions
Indian National Shipowners Association is an active public limited guarantee & association based in Mumbai, Maharashtra, India. The company works in other support services, within the service industry. It was incorporated on 10 September 1979 (47+ years old) and is registered under CIN U91990MH1979GAP021664.
Indian National Shipowners Association has 10 current directors:
- Karan Paul - Nominee Director
- Binesh Kumar Tyagi - Nominee Director
- Thomas Wilfred Pinto - Nominee Director
- Pradyumna Raghunath Naware - Nominee Director
- Hiren Dhiraj Shah - Nominee Director
- Chilukuri Venkata Subbarao - Nominee Director
- Rajiv Bhatia - Nominee Director
- Bharat Kanaiyalal Sheth - Nominee Director
- Sujata Arun Naik - Nominee Director
- Milind Kashinath Patankar - Nominee Director
The latest financial statements of Indian National Shipowners Association on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Indian National Shipowners Association is 27AAACI1967M1Z7, registered in Maharashtra.
The CIN (Corporate Identification Number) of Indian National Shipowners Association is U91990MH1979GAP021664. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indian National Shipowners Association has 2 court cases on record: 1 filed by the company and 1 filed against it. 2 are pending. Most are in the high courts.
Indian National Shipowners Association was incorporated on 10 September 1979, making it 47+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Indian National Shipowners Association by revenue are Anassa Owners Association, Pareek Container Services Private Limited, Sagar Decorators Private Limited, IT Tecno Amc Solutions Private Limited, Alfa KPO Private Limited and 5 more, all in the same principal business activity (activities of membership organizations).
Milind Kashinath Patankar was appointed as Nominee Director on 25 Sep 2025. Hiren Dhiraj Shah was appointed as Nominee Director on 26 Sep 2024. Unnikrishnan Padinchareaputhiyaveedu Konath ceased to be Nominee Director on 26 Sep 2024. Indian National Shipowners Association has 50 board changes on record in total.
Indian National Shipowners Association can be reached through the website insa.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Indian National Shipowners Association is at 22 Maker Tower Iind FloorCuffe Parade, Mumbai, Maharashtra, India – 400005.
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