Indikos Forwarding Private Limited
About Indikos Forwarding Private Limited
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Indikos Forwarding Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 25 May 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U60200MH2021PTC360988. Its GSTIN is 27AAGCI1556A1ZX (Maharashtra).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Rashmi and Mayuri Rajkumar Gupta.
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 Opposite Damodar Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹33.78 Cr, a decline of 44% compared to the previous year. For the same year it recorded a net profit of ₹27.42 Lakh (net margin 0.8%) and EBITDA of ₹69.24 Lakh (EBITDA margin 2%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years.
As per MCA filings, the company has open charges of ₹4 Cr on record.
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- Registered Address6th Floor Office No. 601 And 628 Ajmera Sikova Industrial Lane, Opposite Damodar Park Lbs Marg Ghatkopar West, Mumbai, Maharashtra, India – 400086
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
- 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
- One PDF report, delivered after checkout
Business Activity of Indikos Forwarding Private Limited
The main business activity of Indikos Forwarding is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Indikos Forwarding Private Limited FY 2025 filings available
Indikos Forwarding Private Limited reported revenue of ₹33.78 Cr (down 44% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Indikos Forwarding Private Limited
Revenue fell 44% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 40%. EBITDA fell 75% 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 of Indikos Forwarding Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| 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 | ₹69.24 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹27.42 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 of Indikos Forwarding Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 2% | •••• | •••• | •••• |
| Net Profit Margin | 0.8% | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Indikos Forwarding are in the company report.
Financial statements from FY 2022
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Indikos Forwarding Private Limited
Indikos Forwarding Private Limited is compared with the companies closest to it by revenue in the Transport and Logistics industry (Diversified Logistics). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Haiwang Global Logistics Private Limited | ₹33.87 Cr (FY 2025) | •••• | •••• | 198.0% | •••• | New Delhi, Delhi, India |
| J P Logistic Solution Private Limited | ₹33.87 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Mumbai, Maharashtra, India |
| Munna United Logistics & Services Private Limited | ₹33.85 Cr (FY 2025) | •••• | •••• | 866.0% | •••• | Hyderabad, Telangana, India |
| Aura Material Handling and Logistics Private Limited | ₹33.82 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Badlapur, Maharashtra, India |
| Morestar Shipping Private Limited | ₹33.8 Cr (FY 2025) | •••• | •••• | 1614.0% | •••• | Mumbai, Maharashtra, India |
| Indikos Forwarding Private Limited this company | ₹33.78 Cr (FY 2025) | •••• | •••• | -44.0% | •••• | Mumbai, Maharashtra, India |
| RL Logistics Private Limited | ₹33.77 Cr (FY 2017) | •••• | •••• | 16.0% | •••• | Chennai, Tamil Nadu, India |
| Sr Freight Express Private Limited | ₹33.76 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Chennai, Tamil Nadu, India |
| Rishab Star Logistic Private Limited | ₹33.66 Cr (FY 2025) | •••• | •••• | -39.0% | •••• | Chandigarh, India |
| Maharaja Carriers Private Limited | ₹33.66 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Rishra, West Bengal, India |
| Badshah Logistics (India) Private Limited | ₹33.64 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Indikos Forwarding by revenue in the Transport and Logistics industry (Diversified Logistics), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Indikos Forwarding Private Limited
Indikos Forwarding Private Limited is audited by RAKESHKUMAR for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAKESHKUMAR | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Indikos Forwarding Private Limited
Indikos Forwarding has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rashmi | Director | 25 May 2021 | 5 Years 4 Months | Current |
| Mayuri Rajkumar Gupta Also directs: Yuma Sourcing Private Limited, Chileze Private Limited | Additional Director | 25 Jul 2022 | 4 Years 2 Months | Current |
Ownership and Shareholding of Indikos Forwarding Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Indikos Forwarding Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Sep 2023 | Axis Bank Limited | ₹4 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Indikos Forwarding Private Limited
Indikos Forwarding Private Limited has a workforce of 0 employees as of Mar 28, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Indikos Forwarding Private Limited
Indikos Forwarding Private Limited has 6 board changes on record since 2021: 4 appointments and 2 cessations. The latest: Deven Patil ceased to be Director on 25 Jul 2022.
Credit Ratings, Litigation & Regulatory Alerts for Indikos Forwarding Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Indikos Forwarding Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Indikos Forwarding Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Indikos Forwarding Private Limited
Indikos Forwarding has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCI1556A1ZX | Maharashtra | Active | 07 Sep 2021 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Indikos Forwarding Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Indikos Forwarding Private Limited
Indikos Forwarding is an active private limited company based in Mumbai, Maharashtra, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 25 May 2021 (5+ years old) and is registered under CIN U60200MH2021PTC360988.
Indikos Forwarding reported revenue of ₹33.78 Cr for FY 2025 (down 44% YoY).
Indikos Forwarding has 2 current directors:
- Rashmi - Director
- Mayuri Rajkumar Gupta - Additional Director
Indikos Forwarding reported a net profit of ₹27.42 Lakh (net margin 0.8%) and EBITDA of ₹69.24 Lakh (EBITDA margin 2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Indikos Forwarding is 40% over three years. In the latest year (FY 2025) revenue fell 44%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Indikos Forwarding is 27AAGCI1556A1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Indikos Forwarding is U60200MH2021PTC360988. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indikos Forwarding was incorporated on 25 May 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Indikos Forwarding by revenue are Haiwang Global Logistics Private Limited, J P Logistic Solution Private Limited, Munna United Logistics & Services Private Limited, Aura Material Handling and Logistics Private Limited, Morestar Shipping Private Limited and 5 more, all in the Transport and Logistics industry (Diversified Logistics).
Deven Patil ceased to be Director on 25 Jul 2022. Mayuri Rajkumar Gupta was appointed as Additional Director on 25 Jul 2022. Sonam Singh ceased to be Director on 25 Jul 2022. Indikos Forwarding has 6 board changes on record in total.
Yes, Indikos Forwarding is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).