M V Shiptrade Private Limited

M V Shiptrade Private Limited - chemicals and materials in Bhavnagar, Gujarat, India. FY 2026 financials & compliance.
CIN U35117GJ2003PTC043187 Incorporated 17 November 2003 ROC Ahmedabad HQ Bhavnagar, Gujarat, India
Active Private Limited Company chemicals and materials MSME · Small
Data last updated
Revenue · FY 2024
₹50.69 Cr
▲ 61% YoY
Net profit · FY 2024
₹52.57 Lakh
Net margin 1%
EBITDA · FY 2024
₹1.13 Cr
EBITDA margin 2.2%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹3.28 Cr
Issued & subscribed
Open charges
₹73.5 Cr
Satisfied ₹35.57 Cr
Company age
23 yrs
Est. 2003
Employees · EPFO
41
Provident fund records

About M V Shiptrade Private Limited

Data last updated:

M V Shiptrade Private Limited is a private limited company based in Bhavnagar, Gujarat, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 17 November 2003 and has been in existence for over 23 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U35117GJ2003PTC043187. Its GSTIN is 24AADCM6934D2ZN (Gujarat). The company holds 2 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.28 Cr. It is led by directors including Shabbirbhai Vazirali Varteji and Sajjadbhai Vazirali Varteji.

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 F – 12 Turning Point Waghawadi Road, Bhavnagar, Gujarat, India – 364002.

As per the financials filed for FY 2024, the company reported a revenue of ₹50.69 Cr, a growth of 61% compared to the previous year. For the same year it recorded a net profit of ₹52.57 Lakh (net margin 1%) and EBITDA of ₹1.13 Cr (EBITDA margin 2.2%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 12% over five years.

The company has about 41 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹73.5 Cr and satisfied charges of ₹35.57 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it.

M V Shiptrade Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-05-0001163). The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U35117GJ2003PTC043187
Registration Number 043187
Incorporation Date 17 November 2003
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-05-0001163
Key People
Shabbirbhai Vazirali Varteji Director Sajjadbhai Vazirali Varteji Director Khushnudraza Sarfarazbhai Varteji Director

Recognitions & Rankings of M V Shiptrade

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-05-0001163

Contact details

M V Shiptrade Private Limited's registered office is in Bhavnagar, Gujarat. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    F – 12 Turning Point Waghawadi Road, Bhavnagar, Gujarat, India – 364002
  • Industry
    Chemicals and Materials, Chemical Distribution & Retail

To see the full contact details of M V Shiptrade Private Limited, buy the company report.

Comprehensive company report
M V Shiptrade Private Limited - 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 M V Shiptrade is manufacturing. In detail, this covers metal and metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products

To see the full business activity and turnover split of M V Shiptrade Private Limited, buy the company report.

Financials of M V Shiptrade Private Limited

FY 2025 filings available

M V Shiptrade Private Limited reported revenue of ₹50.69 Cr (up 61% YoY) for FY 2024.

Revenue · FY 2024
₹50.69 Cr ▲ 61%
Net profit · FY 2024
₹52.57 Lakh margin 1%
EBITDA · FY 2024
₹1.13 Cr margin 2.2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 61%
3 years · compounded
▲ 7%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▲ 47%
3 years · compounded
▲ 43%
5 years · compounded
▲ 27%

Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 61% growth in the latest year. EBITDA rose 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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₹1.13 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹52.57 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin2.2%
Net Profit Margin1%
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 M V Shiptrade Private Limited, buy the company report.

Board of directors of M V Shiptrade Private Limited

M V Shiptrade has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Shabbirbhai Vazirali VartejiDirector17 Nov 200322 Years 11 MonthsCurrent
Sajjadbhai Vazirali VartejiDirector17 Nov 200322 Years 11 MonthsCurrent
Khushnudraza Sarfarazbhai VartejiDirector05 Aug 20206 Years 2 MonthsCurrent
View all directors

Auditor

M V Shiptrade Private Limited is audited by P. A. POPATIA & CO for the financial year 2023.

Auditor firmFinancial yearFirm registration number
P. A. POPATIA & COFY 2023115152W

Shareholding

The shareholding of M V Shiptrade 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of M V Shiptrade Private Limited, buy the company report.

Charges & borrowings

Open charges
₹73.5 Cr
Satisfied charges
₹35.57 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹73.50 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
26 Aug 2022100612551Hdfc Bank Limited₹73.5 CrOpen
25 Feb 200490100971Others₹35.57 CrSatisfied

To see the full charge records of M V Shiptrade Private Limited, buy the company report.

Total charge records: 2 View all charges

Credit ratings & regulatory alerts

M V Shiptrade Private Limited was last rated by Brickwork on 05 Apr 2022.

Rating agencyRated onRating
Brickwork05 Apr 2022

To see the full credit ratings and regulatory alerts of M V Shiptrade Private Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for M V Shiptrade Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

M V Shiptrade Private Limited has a workforce of 41 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.

Employee count
41
Active EPFO establishments
1
Employee growth
720%

GST

M V Shiptrade has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
24AADCM6934D2ZNGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of M V Shiptrade Private Limited, buy the company report.

Recent activity

M V Shiptrade Private Limited has 6 board changes on record since 2003: 3 appointments and 3 cessations. The latest: Khushnudraza Sarfarazbhai Varteji ceased to be Additional Director on 31 Dec 2020.

AGM
M V Shiptrade Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
M V Shiptrade Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited of Rs. 73.50 Cr registered on 26 Aug 2022 with Charge ID 100612551 was modified on 17 Nov 2022.
Charges
A charge registered on 25 Feb 2004 via Charge ID 90100971 with Others was fully satisfied on 10 Nov 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 73.50 Cr with Charge ID 100612551 was registered on 26 Aug 2022.
Charges
A charge with Others of Rs. 35.57 Cr registered on 25 Feb 2004 with Charge ID 90100971 was modified on 29 Dec 2021.
Ceased
Khushnudraza Sarfarazbhai Varteji ceased to be Additional Director.
Appointed
Khushnudraza Sarfarazbhai Varteji was appointed as Director.
Ceased
Mehandihasan Varteji ceased to be Director.
Ceased
Mohsinali Anvarali Varteji ceased to be Director.
Charges
A charge with Others amounted to Rs. 35.57 Cr with Charge ID 90100971 was registered on 25 Feb 2004.
Appointed
Sajjadbhai Vazirali Varteji was appointed as Director.

2 earlier events are in the company report.

Frequently asked questions

M V Shiptrade is an active private limited company based in Bhavnagar, Gujarat, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 17 November 2003 (23+ years old) and is registered under CIN U35117GJ2003PTC043187.

M V Shiptrade has 3 current directors:

The latest financial statements of M V Shiptrade on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of M V Shiptrade is 24AADCM6934D2ZN, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.

The CIN (Corporate Identification Number) of M V Shiptrade is U35117GJ2003PTC043187. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

M V Shiptrade has 3 court cases on record: 2 filed by the company and 1 filed against it. Most are in the district courts.

M V Shiptrade was incorporated on 17 November 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Khushnudraza Sarfarazbhai Varteji ceased to be Additional Director on 31 Dec 2020. Khushnudraza Sarfarazbhai Varteji was appointed as Director on 05 Aug 2020. Mehandihasan Varteji ceased to be Director on 05 Aug 2020. M V Shiptrade has 6 board changes on record in total.

Yes, M V Shiptrade is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-05-0001163).

The registered office of M V Shiptrade is at F – 12 Turning Point Waghawadi Road, Bhavnagar, Gujarat, India – 364002.