MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0013860
Master Marine Services Private Limited - engineering in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹145.08 Cr
▲ 19% YoY
Net profit · FY 2025
₹3.17 Cr
Net margin 2.2%
EBITDA · FY 2025
₹10.04 Cr
EBITDA margin 6.9%
Authorised capital
₹15.5 Cr
Registered with MCA
Paid-up capital
₹14.61 Cr
Issued & subscribed
Open charges
₹20.85 Cr
Satisfied ₹69.92 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
1,065
Provident fund records
About Master Marine Services Private Limited
Data last updated:
Master Marine Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the marine and naval engineering segment of the engineering sector. It was incorporated on 16 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40100MH2005PTC155382. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹15.5 Cr and a paid-up capital of ₹14.61 Cr. It is led by directors including Xerrxes Master (Managing Director) and Percy Meher Master (Managing Director).
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 22/D. S.A.Brelvi Road Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹145.08 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹3.17 Cr (net margin 2.2%) and EBITDA of ₹10.04 Cr (EBITDA margin 6.9%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 8% over five years.
The company has about 1,065 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹20.85 Cr and satisfied charges of ₹69.92 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it.
Master Marine Services Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0013860). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mastergroups.com.
Company Details of Master Marine Services Private Limited
CIN U40100MH2005PTC155382
Registration Number 155382
Incorporation Date 16 August 2005
ROC Mumbai
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 Medium
Udyam Registration UDYAM-MH-19-0013860
Key People
Xerrxes Master Managing Director Percy Meher Master Managing Director Zeenia Percy Master Director Recognitions & Rankings of Master Marine Services
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address22/D. S.A.Brelvi Road Fort, Mumbai, Maharashtra, India – 400001
- IndustryEngineering, Marine & Naval Engineering
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Business Activity of Master Marine Services Private Limited
The main business activity of Master Marine Services is transport and storage. In detail, this covers water transport.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H3 | Water transport | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Master Marine Services Private Limited FY 2025 filings available
Master Marine Services Private Limited reported revenue of ₹145.08 Cr (up 19% YoY) for FY 2025.
Revenue · FY 2025
₹145.08 Cr ▲ 19%
Net profit · FY 2025
₹3.17 Cr margin 2.2%
EBITDA · FY 2025
₹10.04 Cr margin 6.9%
Compounded Annual Growth Rate (CAGR) of Master Marine Services Private Limited
Revenue CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 5%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 3%
5 years · compounded
▲ 2%
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 19% growth in the latest year. EBITDA rose 1% 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 of Master Marine Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹10.04 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.17 Cr | •••• | •••• | •••• | •••• |
| 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 of Master Marine Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Master Marine Services are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Master Marine Services Private Limited
Master Marine Services has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Xerrxes Master Also directs: Master Industries Private Limited, Zoro Legacy Publication Private Limited, Exm Project Movers Private Limited and 3 more | Managing Director | 31 Mar 2006 | 20 Years 6 Months | Current |
| Zeenia Percy Master Also directs: Xenia Hospitality Solutions LLP, Master Industries Private Limited, Zoro Legacy Publication Private Limited and 1 more | Director | 31 Mar 2006 | 20 Years 6 Months | Current |
| Arin Percy Master Also directs: Master Industries Private Limited, Zoro Legacy Publication Private Limited, Master Logiteck Private Limited and 1 more | Director | 16 Aug 2005 | 21 Years 2 Months | Current |
| Percy Meher Master Also directs: Xenia Hospitality Solutions LLP, World Zoroastrian Entrepreneurship Enterprise LLP, Master Industries Private Limited and 4 more | Managing Director | 16 Aug 2005 | 21 Years 2 Months | Current |
Peer Comparison of Master Marine Services Private Limited
Master Marine Services Private Limited is compared with the companies closest to it by revenue in the Engineering industry (Marine Engineering, Marine Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Abs Marine Services Limited | ₹184.31 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Chennai, Tamil Nadu, India |
| Elcome Integrated Systems Private Limited | ₹155 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Navi Mumbai, Maharashtra, India |
| SBM Offshore India Private Limited | ₹149.75 Cr (FY 2022) | •••• | •••• | 92.0% | •••• | Bangalore, Karnataka, India |
| KSR Marine Services Private Limited | ₹149.12 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| Shapoorji Pallonji Energy Integrated Solutions Private Limited | ₹146.75 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Mumbai, Maharashtra, India |
| Master Marine Services Private Limited this company | ₹145.08 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Mumbai, Maharashtra, India |
| Master Marine Services Private Limited | ₹138.92 Cr (FY 2023) | •••• | •••• | 10.0% | •••• | Mumbai, Maharashtra, India |
| Catensys India Private Limited | ₹132.87 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Pune, Maharashtra, India |
| Anchor Offshore Services Limited | ₹127.51 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
| SM Mukki Marine Engine Gearboxs Private Limited | ₹127.13 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Thovalai, Tamil Nadu, India |
| Seros Drilling Private Limited | ₹125.91 Cr (FY 2025) | •••• | •••• | 123.0% | •••• | Navi Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Master Marine Services by revenue in the Engineering industry (Marine Engineering, Marine Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Master Marine Services Private Limited
Master Marine Services Private Limited is audited by R. S. Bharucha & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R. S. Bharucha & Co. | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Master Marine Services Private Limited
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Charges & Borrowings of Master Marine Services Private Limited
Open charges
₹20.85 Cr
Satisfied charges
₹69.92 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Oct 2025 | Others | ₹85 Lakh | Open |
| 20 Apr 2021 | Hdfc Bank Limited | ₹20 Cr | Open |
| 30 Jun 2016 | Others | ₹6 Cr | Satisfied |
| 28 Jun 2016 | Others | ₹14 Cr | Satisfied |
| 11 Feb 2013 | Hdfc Bank Limited | ₹1.18 Cr | Satisfied |
Total charge records: 21 View all charges
Legal Cases of Master Marine Services Private Limited
Master Marine Services Private Limited has 4 court cases on record: 3 filed by Master Marine Services, 1 filed against it. All cases are disposed. Status as checked on 03 Oct 2026.
Total cases
4
Filed by the company
3
Filed against the company
1
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Revn. Appln. ULP) | Filed by the company against an individual | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
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Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Master Marine Services Private Limited
Master Marine Services Private Limited has a workforce of 1,065 employees as of Apr 10, 2024.
Employee count
1,065
Active EPFO establishments
1
Employee growth
-3.62%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Group Structure of Master Marine Services Private Limited
Master Marine Services has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key Subsidiaries
| Company Name | CIN | Shares Held |
|---|---|---|
| Master Logitech Private Limited | U63090MH1990PTC055113 | Locked |
| Meher Container Terminals Private Limited | U74999MH1994PTC082739 | Locked |
Showing major subsidiaries. Total: 2.
Recent Activity on Master Marine Services Private Limited
Master Marine Services Private Limited has 6 board changes on record since 2005: 4 appointments and 2 cessations. The latest: Charmi Sagar Jobalia ceased to be Company Secretary on 31 Jan 2021.
Charges
A charge with Others amounted to Rs. 0.85 Cr with Charge ID 101184892 was registered on 13 Oct 2025.
AGM
Master Marine Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 20.00 Cr registered on 20 Apr 2021 with Charge ID 100445142 was modified on 17 Jun 2025.
Filing
Master Marine Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 28 Jun 2016 via Charge ID 100436289 with Others was fully satisfied on 14 Jun 2021.
Charges
A charge registered on 30 Jun 2016 via Charge ID 100052335 with Others was fully satisfied on 24 May 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 20.00 Cr with Charge ID 100445142 was registered on 20 Apr 2021.
Ceased
Charmi Sagar Jobalia ceased to be Company Secretary.
Charges
A charge registered on 11 Feb 2013 via Charge ID 10412707 with Hdfc Bank Limited was fully satisfied on 14 Jun 2018.
Ceased
Percy Meher Master ceased to be Director.
Charges
A charge registered on 16 Aug 2005 via Charge ID 80053160 with Standard Chartered Bank was fully satisfied on 09 Aug 2017.
Charges
A charge registered on 13 Jan 2011 via Charge ID 10273094 with Standard Chartered Bank was fully satisfied on 26 Oct 2016.
44 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Master Marine Services Private Limited
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MSME Payment Delays by Master Marine Services Private Limited
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Subsidiaries & Group Companies of Master Marine Services Private Limited
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Corporate group structure
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GST Compliance of Master Marine Services Private Limited
Master Marine Services has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
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MCA Filings & Documents of Master Marine Services Private Limited
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Related news about Master Marine Services Private Limited
Frequently Asked Questions about Master Marine Services Private Limited
Master Marine Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in marine and naval engineering, within the engineering industry. It was incorporated on 16 August 2005 (21+ years old) and is registered under CIN U40100MH2005PTC155382.
Master Marine Services reported revenue of ₹145.08 Cr for FY 2025 (up 19% YoY).
Master Marine Services has 4 current directors:
- Xerrxes Master - Managing Director
- Percy Meher Master - Managing Director
- Zeenia Percy Master - Director
- Arin Percy Master - Director
Master Marine Services reported a net profit of ₹3.17 Cr (net margin 2.2%) and EBITDA of ₹10.04 Cr (EBITDA margin 6.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Master Marine Services is 5% over three years and 8% over five years. In the latest year (FY 2025) revenue rose 19%. CAGR is the steady yearly rate that links the first and the last year.
No. Master Marine Services has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Master Marine Services is U40100MH2005PTC155382. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Master Marine Services has 4 court cases on record: 3 filed by the company and 1 filed against it.
Master Marine Services was incorporated on 16 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Master Marine Services by revenue are Abs Marine Services Limited, Elcome Integrated Systems Private Limited, SBM Offshore India Private Limited, KSR Marine Services Private Limited, Shapoorji Pallonji Energy Integrated Solutions Private Limited and 5 more, all in the Engineering industry (Marine Engineering, Marine Services).
Charmi Sagar Jobalia ceased to be Company Secretary on 31 Jan 2021. Percy Meher Master ceased to be Director on 01 Mar 2018. Xerrxes Master was appointed as Managing Director on 31 Mar 2006. Master Marine Services has 6 board changes on record in total.