About Maldar Dredgers and Salvagers Private Limited
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Maldar Dredgers and Salvagers Private Limited is a private limited company based in Panvel, Maharashtra, India. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 10 December 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29240MH1997PTC112355. Its GSTIN is 27AABCM0563E1ZT (Maharashtra).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹16.62 Lakh. It is led by directors Nawab Ibrahim Dadarker and Sajid Nawab Dadarkar.
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 Plot No 160 Reti Bundar Ulwe Belapur Creek Near Village Mohe Targhar, Panvel, Maharashtra, India – 410206.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.72 Lakh, a decline of 94% compared to the previous year. For the same year it recorded a net loss of ₹22.43 Lakh and EBITDA of -₹21.09 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 70% over three years and 64% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5.55 Cr and satisfied charges of ₹2.55 Cr on record. Court records list 10 cases involving the company, including 5 filed by the company and 5 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maldargroup.com.
Company details
Contact details
Maldar Dredgers and Salvagers Private Limited's registered office is in Panvel, Maharashtra. Its website is maldargroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No 160 Reti Bundar Ulwe Belapur Creek Near Village Mohe Targhar, Panvel, Maharashtra, India – 410206
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Maldar Dredgers and Salvagers 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 Maldar Dredgers and Salvagers 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 Maldar Dredgers and Salvagers Private Limited, buy the company report.
Financials of Maldar Dredgers and Salvagers Private Limited
FY 2025 filings availableMaldar Dredgers and Salvagers Private Limited reported revenue of ₹1.72 Lakh (down 94% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 64% over five years, including a 94% fall 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 | -₹21.09 Lakh | ||||
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| Net Profit (PAT) | -₹22.43 Lakh | ||||
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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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To see the full financial statements and ratios of Maldar Dredgers and Salvagers Private Limited, buy the company report.
Board of directors of Maldar Dredgers and Salvagers Private Limited
Maldar Dredgers and Salvagers has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nawab Ibrahim Dadarker Also directs: Harbour Water Suppliers Company Private Limited, Maldar Shipyard Private Limited, Indian Grab Dredger Owners Association and 1 more | Director | 10 Dec 1997 | 28 Years 11 Months | Current |
| Sajid Nawab Dadarkar | Director | 28 Jan 2025 | 1 Years 9 Months | Current |
Auditor
Maldar Dredgers and Salvagers Private Limited is audited by P R KAPADIA & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P R KAPADIA & ASSOCIATES | FY 2020 | 104786W |
Shareholding
The shareholding of Maldar Dredgers and Salvagers Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Maldar Dredgers and Salvagers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Feb 2013 | 10412122 | The City Co-Operative Bank Limited | ₹2.5 Cr | Open | |
| 27 Feb 2013 | 10412123 | The City Co-Operative Bank Limited | ₹1 Cr | Open | |
| 19 Nov 2007 | 10086684 | The City Co - Operative Bank Limited | ₹85 Lakh | Open | |
| 23 Mar 2007 | 10057600 | The City Co-Operative Bank Limited Fort Branch | ₹40 Lakh | Open | |
| 20 Apr 2001 | 90143376 | Kokan Mercantile Co-Op. Bank Ltd. | ₹80 Lakh | Open |
To see the full charge records of Maldar Dredgers and Salvagers Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Maldar Dredgers and Salvagers Private Limited has 10 court cases on record: 5 filed by Maldar Dredgers and Salvagers, 5 filed against it. 1 case is pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 5 | 1 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Bharati Shipyard Ltd | Disposed |
| Bombay High Court | Company petition | Filed by the company against Bharati Shipyard Ltd. Cin No. L61100mh1976plc019092 | Disposed |
| Bombay High Court | Commercial suit | Filed by the company against Bharati Shipyard Ltd | Disposed |
| Bombay High Court | Court case (ARA) | Filed against the company by Seatrans Shipping Limited | Disposed |
| Bombay High Court | Arbitration matter | Filed by the company against Seatrans Shipping Ltd. | Disposed |
To see the full case history of Maldar Dredgers and Salvagers 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
Maldar Dredgers and Salvagers Private Limited was last rated by Crisil on 06 Oct 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 06 Oct 2018 |
To see the full credit ratings and regulatory alerts of Maldar Dredgers and Salvagers Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Maldar Dredgers and Salvagers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Maldar Dredgers and Salvagers Private Limited has a workforce of 7 employees on its EPFO records as of Feb 2021, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2020-21 | 7 |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Maldar Dredgers and Salvagers Private Limited, buy the company report.
GST
Maldar Dredgers and Salvagers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCM0563E1ZT | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Maldar Dredgers and Salvagers Private Limited, buy the company report.
Recent activity
Maldar Dredgers and Salvagers Private Limited has 6 board changes on record since 1997: 2 appointments and 4 cessations. The latest: Sajid Nawab Dadarkar ceased to be Additional Director on 29 Sep 2025.
7 earlier events are in the company report.
Frequently asked questions
Maldar Dredgers and Salvagers is an active private limited company based in Panvel, Maharashtra, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 10 December 1997 (29+ years old) and is registered under CIN U29240MH1997PTC112355.
Maldar Dredgers and Salvagers has 2 current directors:
- Nawab Ibrahim Dadarker - Director
- Sajid Nawab Dadarkar - Director
The latest financial statements of Maldar Dredgers and Salvagers 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 Maldar Dredgers and Salvagers is 27AABCM0563E1ZT, registered in Maharashtra.
The CIN (Corporate Identification Number) of Maldar Dredgers and Salvagers is U29240MH1997PTC112355. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maldar Dredgers and Salvagers has 10 court cases on record: 5 filed by the company and 5 filed against it. 1 is pending. Most are in the high courts.
Maldar Dredgers and Salvagers was incorporated on 10 December 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.
Sajid Nawab Dadarkar ceased to be Additional Director on 29 Sep 2025. Sajid Nawab Dadarkar was appointed as Director on 28 Jan 2025. Anees Nadeem Dadarkar ceased to be Director on 24 Jan 2025. Maldar Dredgers and Salvagers has 6 board changes on record in total.
Maldar Dredgers and Salvagers can be reached through the website maldargroup.com. Its registered office is in Panvel, Maharashtra, India.
The registered office of Maldar Dredgers and Salvagers is at Plot No 160 Reti Bundar Ulwe Belapur Creek Near Village Mohe Targhar, Panvel, Maharashtra, India – 410206.
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