About J M Baxi Heavy Private Limited
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J M Baxi Heavy Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of J M Baxi Ports & Logistics Private Limited. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 30 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63030MH2017PTC293242.
The company has an authorised share capital of ₹100.05 Cr and a paid-up capital of ₹33 Cr. It was formerly known as Boxco Logistics Infratrans Private Limited. It is led by directors including Jitander Kumar Gupta and Nandan Vithal Yalgi.
Its last annual general meeting (AGM) was held on 13 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Godrejcoliseum Officeno.801 Cwing Behind Everard Nagar Off Somaiya Hospital Road, Mumbai, Maharashtra, India – 400022.
As per the financials filed for FY 2025, the company reported a revenue of ₹257.12 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net loss of ₹3.77 Cr (net margin -1.5%) and EBITDA of ₹34.58 Cr (EBITDA margin 13.4%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 27% over five years.
The company has about 198 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹361.8 Cr and satisfied charges of ₹271.8 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 3 deals on record (1 acquisition, 1 rights issue, 1 funding round), with disclosed funding of ₹67.12 Cr; the latest was in July 2023.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jmbaxi.com.
Company details
Contact details
J M Baxi Heavy Private Limited's registered office is in Mumbai, Maharashtra. Its website is jmbaxi.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressGodrejcoliseum Officeno.801 Cwing Behind Everard Nagar Off Somaiya Hospital Road, Mumbai, Maharashtra, India – 400022
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of J M Baxi Heavy 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
Business activity
The main business activity of J M Baxi Heavy is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of J M Baxi Heavy Private Limited, buy the company report.
Financials of J M Baxi Heavy Private Limited
FY 2025 filings availableJ M Baxi Heavy Private Limited reported revenue of ₹257.12 Cr (up 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 3% growth in the latest year. EBITDA rose 12% 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 |
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| EBITDA | ₹34.58 Cr | ||||
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| Net Profit (PAT) | -₹3.77 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 13.4% | ||||
| Net Profit Margin | -1.5% | ||||
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To see the full financial statements and ratios of J M Baxi Heavy Private Limited, buy the company report.
Board of directors of J M Baxi Heavy Private Limited
J M Baxi Heavy has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jitander Kumar Gupta | Director | 17 Jun 2022 | 4 Years 4 Months | Current |
| Nandan Vithal Yalgi Also directs: Energy in Motion Limited, Sosiya Integrated Marine Complex Private Limited, Ballard Pier Private Limited and 5 more | Director | 17 Jun 2022 | 4 Years 4 Months | Current |
| Sandeep Wadhwa | Director | 31 Oct 2022 | 4 Years 0 Months | Current |
Auditor
J M Baxi Heavy Private Limited is audited by B S R & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & CO LLP | FY 2023 | 101248W/W100022 |
Shareholding
The shareholding of J M Baxi Heavy Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of J M Baxi Heavy Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Aug 2025 | 101136729 | Idbi Trusteeship Services Limited | ₹100 Cr | Open | |
| 01 Aug 2025 | 101142929 | Idbi Trusteeship Services Limited | ₹71.8 Cr | Open | |
| 01 Aug 2025 | 101142981 | Idbi Trusteeship Services Limited | ₹60 Cr | Open | |
| 23 Jun 2022 | 100583819 | Idbi Trusteeship Services Limited | ₹130 Cr | Open | |
| 16 Jun 2025 | 101120815 | Others | ₹60 Cr | Satisfied |
To see the full charge records of J M Baxi Heavy Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
J M Baxi Heavy Private Limited has 3 deals on record (1 acquisition, 1 rights issue, 1 funding round), with disclosed funding of ₹67.12 Cr; the latest was in July 2023.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2023 | Funding round | ₹67.12 Cr | Investors: Jm Baxi Ports & Logistics Limited |
| Mar 2022 | Acquisition | ₹98.64 Cr | Buyer: Allcargo Logistics Limited Seller: J M Baxi Heavy Private Limited |
| Mar 2021 | Rights issue | ₹30 Cr | Investors: Jm Baxi Ports & Logistics Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
J M Baxi Heavy Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North West, Delhi | Court case (CS (COMM.)) | Filed against the company by Lorbax India Pvt Ltd | Pending |
To see the full case history of J M Baxi Heavy 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 J M Baxi Heavy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
J M Baxi Heavy Private Limited has a workforce of 198 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
No GST registration is on our record for J M Baxi Heavy Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
J M Baxi Heavy Private Limited has 13 board changes on record since 2018: 3 appointments and 10 cessations. The latest: Sameer Upendra Parikh ceased to be Manager on 14 Jul 2025.
16 earlier events are in the company report.
News
Frequently asked questions
J M Baxi Heavy 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 30 March 2017 (9+ years old) and is registered under CIN U63030MH2017PTC293242.
J M Baxi Heavy has 3 current directors:
- Jitander Kumar Gupta - Director
- Nandan Vithal Yalgi - Director
- Sandeep Wadhwa - Director
The latest financial statements of J M Baxi Heavy on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 13 August 2025. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of J M Baxi Heavy is U63030MH2017PTC293242. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
J M Baxi Heavy has 1 court case on record: 1 filed against it. 1 is pending.
J M Baxi Heavy was incorporated on 30 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
J M Baxi Heavy has 3 deals on record (1 acquisition, 1 rights issue, 1 funding round), with disclosed funding of ₹67.12 Cr; the latest was in July 2023.
Sameer Upendra Parikh ceased to be Manager on 14 Jul 2025. Sandeep Wadhwa ceased to be Additional Director on 19 Apr 2023. Sandeep Wadhwa was appointed as Director on 31 Oct 2022. J M Baxi Heavy has 13 board changes on record in total.
J M Baxi Heavy can be reached through the website jmbaxi.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of J M Baxi Heavy is at Godrejcoliseum Officeno.801 Cwing Behind Everard Nagar Off Somaiya Hospital Road, Mumbai, Maharashtra, India – 400022.
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