About MLL Express Services Private Limited
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MLL Express Services Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Mahindra Logistics Limited. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 04 December 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63040MH2006PTC165956. Its GSTIN is 27AACCV3947L1ZU (Maharashtra). The company holds 27 GST registrations, all of them active.
The company has an authorised share capital of ₹650 Cr and a paid-up capital of ₹596.83 Cr. It was formerly known as V-Link Travel Solutions Private Limited and Meru Travel Solutions Limited. It is led by directors including Gangadaran Chellakrishna and Sreenivas Pamidimukkala.
Its last annual general meeting (AGM) was held on 15 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mahindra Towers P. K. Kurne Chowk Worli, Mumbai, Maharashtra, India – 400018.
As per the financials filed for FY 2024, the company reported a revenue of ₹364.91 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹123.57 Cr (net margin -33.9%) and EBITDA of -₹79.63 Cr (EBITDA margin -21.8%). Revenue has grown at a compounded annual rate (CAGR) of 99% over three years and 18% over five years.
The company has about 930 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Meru and Mahindra Logistics. As per MCA filings, the company has open charges of ₹45 Cr and satisfied charges of ₹248.99 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 3 cases are pending. The company has 21 deals on record (10 funding rounds, 5 secondary share transfers, 3 acquisitions), with disclosed funding of ₹358.75 Cr; the latest was in March 2025. Its 3 peer companies in the Transport and Logistics industry (Express Logistics, Passenger Transport Services), with the same principal business activity (land transport via road) are compared by revenue, 2 larger and 1 smaller; the largest is Antony Road Transport Solutions Private Limited with revenue of ₹481.04 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website meru.in.
Company details
Name history
MLL Express Services has undergone 2 name changes throughout its history. The company was previously known as V-Link Travel Solutions Private Limited, and Meru Travel Solutions Limited. The current legal name is Mll Express Services Private Limited.
| Company Name | Status |
|---|---|
| MLL Express Services Private Limited | Current |
| V-Link Travel Solutions Private Limited | Previous |
| Meru Travel Solutions Limited | Previous |
CIN history
MLL Express Services has one previous CIN (Corporate Identification Number): U63040MH2006PLC165956. The current CIN is U63040MH2006PTC165956, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U63040MH2006PTC165956 | Current |
| U63040MH2006PLC165956 | Previous |
Contact details
MLL Express Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is meru.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressMahindra Towers P. K. Kurne Chowk Worli, Mumbai, Maharashtra, India – 400018
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of MLL Express Services 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
MLL Express Services operates two associated brands: Meru and Mahindra Logistics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Ride-hailing services are facilitated via an app-based platform. | meru.in | |
| Integrated supply chain and mobility solutions are provided globally. | mahindralogistics.com |
Business activity
The main business activity of MLL Express Services is transport and storage. In detail, this covers land transport via road.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road |
To see the full business activity and turnover split of MLL Express Services Private Limited, buy the company report.
Financials of MLL Express Services Private Limited
FY 2025 filings availableMLL Express Services Private Limited reported revenue of ₹364.91 Cr (up 196% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 196% growth in the latest year. EBITDA fell 201% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹79.63 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹123.57 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -21.8% | ||||
| Net Profit Margin | -33.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of MLL Express Services Private Limited, buy the company report.
Board of directors and KMP of MLL Express Services Private Limited
MLL Express Services Private Limited currently reports 5 directors and 2 key managerial personnel. 36 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gangadaran Chellakrishna | Director | 03 Aug 2020 | 6 Years 3 Months | Current |
| Sreenivas Pamidimukkala Also directs: MLL Mobility Private Limited, V5 IT Consultants LLP | Director | 19 May 2022 | 4 Years 5 Months | Current |
| Avani Vishal Davda | Director | 02 May 2023 | 3 Years 6 Months | Current |
| Hemant Sikka Also directs: Mahindra Logistics Limited, Seino MLL Logistics Private Limited, Zipzap Logistics Private Limited and 4 more | Director | 15 May 2025 | 1 Years 5 Months | Current |
| Prasanna Vikas Pahade | Ceo | 14 Sep 2023 | 3 Years 1 Months | Current |
| Gaurav Rustagi | Cfo | 11 May 2024 | 2 Years 5 Months | Current |
Peer comparison
MLL Express Services Private Limited is compared with the 3 companies closest to it by revenue in the Transport and Logistics industry (Express Logistics, Passenger Transport Services), with the same principal business activity (land transport via road), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Antony Road Transport Solutions Private Limited | ₹481.04 Cr (FY 2025) | -2.0% | Navi Mumbai, Maharashtra, India | |||
| Punjab State Bus Stand Management Company Ltd | ₹441.86 Cr (FY 2015) | 7.0% | Chandigarh, India | |||
| MLL Express Services Private Limitedthis company | ₹364.91 Cr (FY 2024) | -₹123.57 Cr | -33.9% | 196.0% | 930 | Mumbai, Maharashtra, India |
| PRM Roadways Private Limited | ₹313.5 Cr (FY 2025) | 13.0% | Sriperumbudur, Tamil Nadu, India |
To see the full peer comparison of MLL Express Services Private Limited, buy the company report.
Auditor
MLL Express Services Private Limited is audited by B. K. Khare & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. K. Khare & Co. | FY 2023 | 105102W |
Shareholding
The shareholding of MLL Express Services 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 MLL Express Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Oct 2023 | 100803980 | Others | ₹35 Cr | Open | |
| 20 Jul 2023 | 100761156 | Axis Bank Limited | ₹10 Cr | Open | |
| 04 Apr 2023 | 100707280 | Others | ₹90,000 | Satisfied | |
| 31 Mar 2023 | 100707265 | Others | ₹90,000 | Satisfied | |
| 31 Mar 2023 | 100706698 | Others | ₹100 Cr | Satisfied |
To see the full charge records of MLL Express Services Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
MLL Express Services Private Limited has 21 deals on record (10 funding rounds, 5 secondary share transfers, 3 acquisitions), with disclosed funding of ₹358.75 Cr; the latest was in March 2025.
Deals on record (5 of 21)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Acquisition | ₹348.86 Cr | Buyer: Mahindra Logistics Limited |
| Sep 2023 | Acquisition | ₹130 Cr | Buyer: Mahindra Logistics Limited |
| Jul 2023 | Funding round | ₹20.83 Cr | Investors: Mahindra Logistics Limited |
| May 2022 | Acquisition | Undisclosed | Buyer: Mahindra Logistics Limited Seller: Mahindra and Mahindra Limited |
| May 2021 | Secondary share transfer | Undisclosed | Buyer: Mahindra and Mahindra Limited Seller: 2 individuals |
To see the full deal history of MLL Express Services 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
MLL Express Services Private Limited has 3 court cases on record: 1 filed by MLL Express Services, 2 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 3 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Commercial suit | Filed against the company by Eminence Engineering Services Pvt Ltd | Pending |
| District court, Central, Delhi | Commercial suit | Filed against the company by an individual | Pending |
| District court, Central, Delhi | Court case (Counter Claim) | Filed by the company against an individual | Pending |
To see the full case history of MLL Express Services 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 MLL Express Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
MLL Express Services Private Limited has a workforce of 930 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
MLL Express Services has 27 GST registrations: 27 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCV3947L1ZU | Maharashtra | Active | 01 Apr 2020 |
| 36AACCV3947L1ZV | Telangana | Active | 22 Oct 2022 |
| 30AACCV3947L1Z7 | Goa | Active | 25 Oct 2022 |
| 23AACCV3947L1Z2 | Madhya Pradesh | Active | 29 Oct 2022 |
To see the full GST registrations and return filing status of MLL Express Services Private Limited, buy the company report.
Recent activity
MLL Express Services Private Limited has 67 board changes on record since 2006: 37 appointments and 30 cessations. The latest: Hemant Sikka was appointed as Director on 15 May 2025.
77 earlier events are in the company report.
News
Frequently asked questions
MLL Express Services 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 04 December 2006 (20+ years old) and is registered under CIN U63040MH2006PTC165956.
MLL Express Services has 7 current directors and KMP:
- Gangadaran Chellakrishna - Director
- Sreenivas Pamidimukkala - Director
- Avani Vishal Davda - Director
- Hemant Sikka - Director
- Naveen Raju Kollaickal - Director
- Prasanna Vikas Pahade - Ceo
- Gaurav Rustagi - Cfo
The latest financial statements of MLL Express Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 15 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of MLL Express Services is 27AACCV3947L1ZU, registered in Maharashtra. The company has 27 GST registrations in all, of which 27 are active. Other active GSTINs include 36AACCV3947L1ZV (Telangana), 30AACCV3947L1Z7 (Goa), 23AACCV3947L1Z2 (Madhya Pradesh).
The CIN (Corporate Identification Number) of MLL Express Services is U63040MH2006PTC165956. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MLL Express Services has 3 court cases on record: 1 filed by the company and 2 filed against it. 3 are pending.
MLL Express Services was incorporated on 04 December 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
MLL Express Services has 21 deals on record (10 funding rounds, 5 secondary share transfers, 3 acquisitions), with disclosed funding of ₹358.75 Cr; the latest was in March 2025.
The peers of MLL Express Services by revenue are Antony Road Transport Solutions Private Limited, Punjab State Bus Stand Management Company Ltd, PRM Roadways Private Limited, all in the Transport and Logistics industry (Express Logistics, Passenger Transport Services), with the same principal business activity (land transport via road).
Hemant Sikka was appointed as Director on 15 May 2025. Rampraveen Swaminathan ceased to be Director on 15 May 2025. Gaurav Rustagi was appointed as CFO on 11 May 2024. MLL Express Services has 67 board changes on record in total.
MLL Express Services can be reached through the website meru.in. Its registered office is in Mumbai, Maharashtra, India.
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