About Karanja Terminal & Logistics Private Limited
Data last updated:
Karanja Terminal & Logistics Private Limited is a private limited company based in Thane, Maharashtra, India, a subsidiary of Karanja Terminal & Logistics Cyprus Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the shipbuilding and repair services segment of the transport and logistics sector. It was incorporated on 14 May 2010.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63090MH2010PTC203226. Its GSTIN is 27AADCK9709Q1ZQ (Maharashtra).
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹23.32 Cr. It is led by directors including Rakesh Bajaj and Jay Manoj Mehta.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Thane, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹81.79 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net loss of ₹246.87 Cr (net margin -301.8%) and EBITDA of -₹107.61 Cr (EBITDA margin -131.6%). Revenue has grown at a compounded annual rate (CAGR) of 53% over three years and 147% over five years.
The company has about 46 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mercantile Ports & Logistics. As per MCA filings, the company has open charges of ₹486.74 Cr on record. Court records list 40 cases involving the company, including 11 filed by the company and 29 filed against it; 20 cases are pending. The company has 14 deals on record (9 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹482.14 Cr; the latest was in July 2023.
The last known website on record is mercpl.com.
Company details
Contact details
Karanja Terminal & Logistics Private Limited's registered office is in Thane, Maharashtra. Its website is mercpl.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressOffice No.705 & 706 7th Flr Shelton Cubix Chilu Phawle Deore Marg, Sector – 15 CBD Belapur Navi Mumbai, Thane, Maharashtra, India – 400614
- IndustryTransport and Logistics, Shipbuilding & Repair Services
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- 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
Karanja Terminal & Logistics operates one associated brand: Mercantile Ports & Logistics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Port and logistics facilities are owned and operated globally. | mercpl.com |
Business activity
The main business activity of Karanja Terminal & Logistics 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 Karanja Terminal & Logistics Private Limited, buy the company report.
Financials of Karanja Terminal & Logistics Private Limited
FY 2024 filings availableKaranja Terminal & Logistics Private Limited reported revenue of ₹81.79 Cr (up 35% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 147% over five years, including 35% growth in the latest year. EBITDA fell 23% 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 | -₹107.61 Cr | ||||
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| Net Profit (PAT) | -₹246.87 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 | -131.6% | ||||
| Net Profit Margin | -301.8% | ||||
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To see the full financial statements and ratios of Karanja Terminal & Logistics Private Limited, buy the company report.
Board of directors of Karanja Terminal & Logistics Private Limited
Karanja Terminal & Logistics has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Bajaj | Director | 06 Feb 2020 | 6 Years 8 Months | As last reported |
| Jay Manoj Mehta | Director | 14 May 2010 | 16 Years 5 Months | As last reported |
| Pavandeep Singh Bakhshi | Additional Director | 02 Jun 2025 | 1 Years 5 Months | As last reported |
| Vikram Singh Also directs: Instead Outdoors LLP, Puneet Oils & Chemical Private Limted, Hima Ispat Private Limited and 5 more | Additional Director | 06 Sep 2025 | 1 Years 1 Months | As last reported |
Auditor
Karanja Terminal & Logistics Private Limited is audited by R A K C H A M P S & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R A K C H A M P S & CO LLP | FY 2023 | 131094W/W100083 |
Shareholding
The shareholding of Karanja Terminal & Logistics 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 Karanja Terminal & Logistics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2021 | 100450162 | Others | ₹10 Cr | Open | |
| 23 Mar 2020 | 100366689 | Others | ₹1.17 Cr | Open | |
| 28 Feb 2014 | 10486426 | Others | ₹475.57 Cr | Open |
To see the full charge records of Karanja Terminal & Logistics Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Karanja Terminal & Logistics Private Limited has 14 deals on record (9 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹482.14 Cr; the latest was in July 2023.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2023 | Rights issue | ₹22.24 Cr | Investors: Mercantile Ports & Logistics Limited |
| May 2022 | Rights issue | ₹8.66 Cr | Investors: Mercantile Ports & Logistics Limited |
| Oct 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Blackstone Capital Limited, Silver-East Infrastructure Private Limited |
| Sep 2011 | Secondary share transfer | Undisclosed | Buyer: Blackstone Capital Limited Seller: Silver-East Infrastructure Private Limited |
| Jul 2010 | Acquisition | ₹67.6 Lakh | Buyer: Silver-East Infrastructure Private Limited Seller: Skil Infrastructure Limited |
To see the full deal history of Karanja Terminal & Logistics 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
Karanja Terminal & Logistics Private Limited has 40 court cases on record: 11 filed by Karanja Terminal & Logistics, 29 filed against it. 20 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 18 | 9 | 8 |
| NCLAT | 16 | 16 | 9 |
| District courts | 4 | 3 | 3 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 40)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Company petition | Filed against the company by Sahara Dredging Limited Mulla and Mulla Craigie Blunt and Caroe | Pending |
| High Court, MAHARASHTRA | Court case (COMEX) | Filed against the company by Sahara Dredging Limited | Pending |
| High Court, MAHARASHTRA | Court case (CARBP) | Filed by the company against Sahara Dredging Ltd. | Pending |
| Bombay High Court | Court case (CARBP) | Filed by the company against Sahara Dredging Ltd | Disposed |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed by the company against Sahara Dredging Ltd. Through Its Directors 707, Madhava, BKC, Bandra (E) ,Mumbai , Maharashtra | Disposed |
To see the full case history of Karanja Terminal & Logistics 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
Karanja Terminal & Logistics Private Limited was last rated by Crisil on 04 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 04 Oct 2021 |
To see the full credit ratings and regulatory alerts of Karanja Terminal & Logistics Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Karanja Terminal & Logistics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Karanja Terminal & Logistics Private Limited has a workforce of 46 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Karanja Terminal & Logistics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCK9709Q1ZQ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karanja Terminal & Logistics Private Limited, buy the company report.
Recent activity
Karanja Terminal & Logistics Private Limited has 16 board changes on record since 2010: 10 appointments and 6 cessations. The latest: Vikram Singh was appointed as Additional Director on 06 Sep 2025.
11 earlier events are in the company report.
News
Frequently asked questions
Karanja Terminal & Logistics is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Karanja Terminal & Logistics is a company under insolvency, formerly operating as a private limited company based in Thane, Maharashtra, India. The company works in shipbuilding and repair services, within the transport and logistics industry. It was incorporated on 14 May 2010 and is registered under CIN U63090MH2010PTC203226. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Karanja Terminal & Logistics has 4 current directors:
- Rakesh Bajaj - Director
- Jay Manoj Mehta - Director
- Pavandeep Singh Bakhshi - Additional Director
- Vikram Singh - Additional Director
The latest financial statements of Karanja Terminal & Logistics on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Karanja Terminal & Logistics is U63090MH2010PTC203226. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karanja Terminal & Logistics has open charges of ₹486.74 Cr and no satisfied charges on record as per latest MCA filings.
Karanja Terminal & Logistics has 40 court cases on record: 11 filed by the company and 29 filed against it. 20 are pending. Most are in the high courts.
Karanja Terminal & Logistics was incorporated on 14 May 2010. It is registered with the Registrar of Companies, Mumbai.
Karanja Terminal & Logistics has 14 deals on record (9 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹482.14 Cr; the latest was in July 2023.
Vikram Singh was appointed as Additional Director on 06 Sep 2025. Pavandeep Singh Bakhshi was appointed as Additional Director on 02 Jun 2025. Alexander John Joseph ceased to be Director on 27 Dec 2021. Karanja Terminal & Logistics has 16 board changes on record in total.
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