About Indigo Sea Ways Private Limited
Data last updated:
Indigo Sea Ways Private Limited is a private limited company based in Surat, Gujarat, India, a subsidiary of Saurashtra Enviro Projects Private Limited. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 03 July 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U61100GJ2012PTC070997. Its GSTIN is 24AADCI3753J1ZK (Gujarat).
The company has an authorised share capital of ₹58.5 Cr and a paid-up capital of ₹54.6 Cr. It is led by directors including Chetan Chandrakantbhai Contractor and Varoon Chetanbhai Contractor.
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 301 3rd Floor K.G. Chambers Udhna Darwaja Ring Road, Surat, Gujarat, India – 395002.
As per the financials filed for FY 2025, the company reported a revenue of ₹83.84 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹4.89 Cr (net margin 5.8%) and EBITDA of ₹17.79 Cr (EBITDA margin 21.2%). Revenue has grown at a compounded annual rate (CAGR) of 56% over three years and 48% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Dgferry. As per MCA filings, the company has open charges of ₹39.18 Cr and satisfied charges of ₹98.4 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company. The company has 7 deals on record (4 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹26 Cr; the latest was in March 2022. The company has 2 MSME Form 1 returns on record between 2022 and 2024, listing 12 overdue payments to 12 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dgferry.com.
Company details
Contact details
Indigo Sea Ways Private Limited's registered office is in Surat, Gujarat. Its website is dgferry.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address301 3rd Floor K.G. Chambers Udhna Darwaja Ring Road, Surat, Gujarat, India – 395002
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Indigo Sea Ways Private Limited, buy the company report.
- 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
Brands
Indigo Sea Ways operates one associated brand: Dgferry. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides ferry booking, PNR status, and transport services in India. | dgferry.com |
Business activity
The main business activity of Indigo Sea Ways is transport and storage. In detail, this covers water transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H3 | Water transport |
To see the full business activity and turnover split of Indigo Sea Ways Private Limited, buy the company report.
Financials of Indigo Sea Ways Private Limited
FY 2025 filings availableIndigo Sea Ways Private Limited reported revenue of ₹83.84 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 48% over five years, including 6% growth in the latest year. EBITDA rose 61% 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 | ₹17.79 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.89 Cr | ||||
| 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 | 21.2% | ||||
| Net Profit Margin | 5.8% | ||||
| 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 Indigo Sea Ways Private Limited, buy the company report.
Board of directors of Indigo Sea Ways Private Limited
Indigo Sea Ways has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chetan Chandrakantbhai Contractor Also directs: DG India Renewables LLP, Brackish Water Aquaculture Private Limited, Artha Samriddhi Ventures Private Limited and 5 more | Director | 03 Jul 2012 | 14 Years 3 Months | Current |
| Varoon Chetanbhai Contractor | Director | 03 Jul 2012 | 14 Years 3 Months | Current |
| Chander Mohan Arora Also directs: Norea Agro Private Limited, Star Ferries Private Limited, Fa Flying Ambulance Foundation and 1 more | Director | 17 Jul 2017 | 9 Years 3 Months | Current |
| Devendra Kumar Manral | Director | 03 Apr 2019 | 7 Years 6 Months | Current |
Auditor
Indigo Sea Ways Private Limited is audited by NIRAV DOSHI & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NIRAV DOSHI & ASSOCIATES | FY 2023 | 138582W |
Shareholding
The shareholding of Indigo Sea Ways 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 Indigo Sea Ways Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Jun 2025 | 101118436 | Axis Bank Limited | ₹39 Cr | Open | |
| 10 Nov 2023 | 100842358 | Others | ₹17.51 Lakh | Open | |
| 25 Jan 2018 | 100154975 | State Bank of India | ₹98.26 Cr | Satisfied | |
| 12 May 2017 | 100126639 | Others | ₹14 Lakh | Satisfied |
To see the full charge records of Indigo Sea Ways Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Indigo Sea Ways Private Limited has 7 deals on record (4 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹26 Cr; the latest was in March 2022.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Rights issue | ₹21.37 Cr | Investors: Saurashtra Enviro Projects Private Limited |
| Apr 2018 | Secondary share transfer | Undisclosed | Buyer: Saurashtra Enviro Projects Private Limited Seller: Saurashtra Enviro Projects Pvt Ltd & Jh Chetan C, Detox Corporation Private Limited , Total Thermo Waste Solution Private Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Saurashtra Enviro Projects Pvt Ltd & Jh Chetan C Seller: Saurashtra Enviro Projects Private Limited , Detox Corporation Private Limited |
| Feb 2018 | Funding round | ₹26 Cr | Investors: Saurashtra Enviro Projects Private Limited , Detox Corporation Private Limited , Total Thermo Waste Solution Private Limited |
| Sep 2017 | Rights issue | ₹7.22 Cr | Investors: Saurashtra Enviro Projects Private Limited , Star Ferries Private Limited |
To see the full deal history of Indigo Sea Ways Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Indigo Sea Ways Private Limited has 3 court cases on record: 3 filed by Indigo Sea Ways. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, GANDHINAGAR, Gujarat | Commercial matter | Filed by the company against Gujarat Maritime Board | Disposed |
| District court, GANDHINAGAR, Gujarat | Court case (CMA DC) | Filed by the company against Gujarat Maritime Board | Disposed |
| High Court of Gujarat | Arbitration matter | Filed by the company against Gujarat Maritime Board | Disposed |
To see the full case history of Indigo Sea Ways 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.
Credit ratings & regulatory alerts
Indigo Sea Ways Private Limited was last rated by Care on 14 Feb 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 14 Feb 2022 |
To see the full credit ratings and regulatory alerts of Indigo Sea Ways Private Limited, buy the company report.
MSME payment delays
Indigo Sea Ways Private Limited has 2 MSME Form 1 returns on record between 2022 and 2024, listing 12 overdue payments to 12 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| The Sandesh Limited | |||
| Azimuth Maritime Solutions | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Indigo Sea Ways Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Indigo Sea Ways Private Limited has a workforce of 22 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Indigo Sea Ways has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCI3753J1ZK | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indigo Sea Ways Private Limited, buy the company report.
Recent activity
Indigo Sea Ways Private Limited has 4 board changes on record since 2012: 4 appointments. The latest: Devendra Kumar Manral was appointed as Director on 03 Apr 2019.
3 earlier events are in the company report.
Frequently asked questions
Indigo Sea Ways is an active private limited company based in Surat, Gujarat, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 03 July 2012 (14+ years old) and is registered under CIN U61100GJ2012PTC070997.
Indigo Sea Ways has 4 current directors:
- Chetan Chandrakantbhai Contractor - Director
- Varoon Chetanbhai Contractor - Director
- Chander Mohan Arora - Director
- Devendra Kumar Manral - Director
The latest financial statements of Indigo Sea Ways on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Indigo Sea Ways is 24AADCI3753J1ZK, registered in Gujarat.
The CIN (Corporate Identification Number) of Indigo Sea Ways is U61100GJ2012PTC070997. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indigo Sea Ways has 3 court cases on record: 3 filed by the company. Most are in the district courts.
Indigo Sea Ways was incorporated on 03 July 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Indigo Sea Ways has 7 deals on record (4 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹26 Cr; the latest was in March 2022.
Devendra Kumar Manral was appointed as Director on 03 Apr 2019. Chander Mohan Arora was appointed as Director on 17 Jul 2017. Chetan Chandrakantbhai Contractor was appointed as Director on 03 Jul 2012. Indigo Sea Ways has 4 board changes on record in total.
Indigo Sea Ways has 2 MSME Form 1 returns on record between 2022 and 2024, listing 12 overdue payments to 12 micro and small suppliers. The latest return was filed on 01 May 2024.
Indigo Sea Ways can be reached through the website dgferry.com. Its registered office is in Surat, Gujarat, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
