About Merchant Shipping Services Private Limited
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Merchant Shipping Services Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Valuenet Investments Limited. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 29 November 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U61000MH1996PTC104246. Its GSTIN is 07AABCM6541J1ZE (Delhi). The company holds 11 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was formerly known as Shaswat Shipping P Ltd. It is led by directors Viral Vijay Parekh and Pankaj Mehrotra.
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 Unit 102 Technopolis Knowledge Park Mahakali Caves Road Andheri East, Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2025, the company reported a revenue of ₹38.38 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹9.47 Cr (net margin 24.7%) and EBITDA of ₹13.53 Cr (EBITDA margin 35.3%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 10% over five years.
The company has about 128 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Merchantshpg. As per MCA filings, the company has satisfied charges of ₹22 Cr on record. Court records list 9 cases involving the company, including 3 filed by the company and 6 filed against it; 1 case is pending. The company has 2 deals on record (2 secondary share transfers); the latest was in July 2016. Its 3 peer companies in the Shipping industry (Shipping Services), with the same principal business activity (services incidental to land, water & air transportation) are compared by revenue, 2 larger and 1 smaller; the largest is Delta Waterways Private Limited with revenue of ₹39.53 Cr. The company has 9 MSME Form 1 returns on record between 2019 and 2023, listing 32 overdue payments to 19 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website merchantshpg.com.
Company details
Contact details
Merchant Shipping Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is merchantshpg.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit 102 Technopolis Knowledge Park Mahakali Caves Road Andheri East, Mumbai, Maharashtra, India – 400093
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Merchant Shipping 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
Merchant Shipping Services operates one associated brand: Merchantshpg. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers shipping services including liner, port agency, and project cargo worldwide. | merchantshpg.com |
Business activity
The main business activity of Merchant Shipping Services 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 Merchant Shipping Services Private Limited, buy the company report.
Financials of Merchant Shipping Services Private Limited
FY 2025 filings availableMerchant Shipping Services Private Limited reported revenue of ₹38.38 Cr (up 29% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 29% growth in the latest year. EBITDA rose 179% 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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| Total Expenses | |||||
| EBITDA | ₹13.53 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.47 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 35.3% | ||||
| Net Profit Margin | 24.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Merchant Shipping Services Private Limited, buy the company report.
Board of directors of Merchant Shipping Services Private Limited
Merchant Shipping Services has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Viral Vijay Parekh Also directs: Sinolines India Private Limited, Far Shipping (India) Private Limited, Sharaf Cargo Private Limited and 5 more | Director | 28 Jul 2021 | 5 Years 3 Months | Current |
| Pankaj Mehrotra Also directs: Sinolines India Private Limited, Green Port Shipping Private Limited, Transorient Shipping Private Limited and 5 more | Director | 11 Jun 2020 | 6 Years 5 Months | Current |
Peer comparison
Merchant Shipping Services Private Limited is compared with the 3 companies closest to it by revenue in the Shipping industry (Shipping Services), with the same principal business activity (services incidental to land, water & air transportation), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Delta Waterways Private Limited | ₹39.53 Cr (FY 2025) | 91.0% | Gandhidham, Gujarat, India | |||
| Kin-Ship Services India Private Limited | ₹38.91 Cr (FY 2025) | -40.0% | Ernakulam, Kerala, India | |||
| Merchant Shipping Services Private Limitedthis company | ₹38.38 Cr (FY 2025) | ₹9.47 Cr | 24.7% | 29.0% | 128 | Mumbai, Maharashtra, India |
| V.Ships Ship Management (India) Private Limited | ₹38.26 Cr (FY 2024) | 34.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Merchant Shipping Services Private Limited, buy the company report.
Auditor
Merchant Shipping Services Private Limited is audited by SGCO & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SGCO & Co. LLP | FY 2023 | 112081W/W100184 |
Shareholding
The shareholding of Merchant Shipping 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 Merchant Shipping Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Mar 2021 | 100430969 | Standard Chartered Bank | ₹22 Cr | Satisfied |
To see the full charge records of Merchant Shipping Services Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Merchant Shipping Services Private Limited has 2 deals on record (2 secondary share transfers); the latest was in July 2016.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2016 | Secondary share transfer | Undisclosed | Buyer: Valuenet Investments Limited & Sharaf Shipping Agency (India) Private Limited Seller: Valuenet Investments Limited |
| Jul 2016 | Secondary share transfer | Undisclosed | Buyer: Valuenet Investments Limited Seller: Valuenet Investments Limited & Ashok Gebilal Jain |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Merchant Shipping Services Private Limited has 9 court cases on record: 3 filed by Merchant Shipping Services, 6 filed against it. 1 case is pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 3 | 1 |
| District courts | 4 | 3 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (CS(OS)) | Filed against the company by M/S Hotline CPT Ltd F+ | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against Golkonda Engineering Enterprises Ltd. and 2 others | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Chairman - Kandla Port Trust and 2 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by The Board of Trustees of the Port of Mumbai | Disposed |
| Bombay High Court | Court case (CARBP) | Filed against the company by Transworld Furtichem Pvt Ltd | Disposed |
To see the full case history of Merchant Shipping 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
Merchant Shipping Services Private Limited has 9 MSME Form 1 returns on record between 2019 and 2023, listing 32 overdue payments to 19 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 19)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Nmci Inspections and Survey Company Private Limited | |||
| Sigma Shipping Agency Private Limited | |||
| N T R C Marine & Engineering Services Private Limited | |||
| an individual supplier | |||
| Great Asian Marine Services |
To see the full MSME payment records of Merchant Shipping Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Merchant Shipping Services has 1 subsidiary company and 3 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Cargoman Private Limited | U63000MH2019PTC322983 |
To see the full group structure of Merchant Shipping Services Private Limited, buy the company report.
Employees & EPFO
Merchant Shipping Services Private Limited has a workforce of 128 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 128 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Merchant Shipping Services Private Limited, buy the company report.
GST
Merchant Shipping Services has 11 GST registrations: 10 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCM6541J1ZE | Delhi | Active | 01 Jul 2017 |
| 08AABCM6541J1ZC | Rajasthan | Active | 01 Jul 2017 |
| 09AABCM6541J1ZA | Uttar Pradesh | Active | 01 Jul 2017 |
| 19AABCM6541J1Z9 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Merchant Shipping Services Private Limited, buy the company report.
Recent activity
Merchant Shipping Services Private Limited has 14 board changes on record since 2015: 3 appointments and 11 cessations. The latest: Viral Vijay Parekh ceased to be Additional Director on 30 Nov 2021.
7 earlier events are in the company report.
Frequently asked questions
Merchant Shipping Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 29 November 1996 (30+ years old) and is registered under CIN U61000MH1996PTC104246.
Merchant Shipping Services has 2 current directors:
- Viral Vijay Parekh - Director
- Pankaj Mehrotra - Director
The latest financial statements of Merchant Shipping Services 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 Merchant Shipping Services is 07AABCM6541J1ZE, registered in Delhi. The company has 11 GST registrations in all, of which 10 are active and 1 is cancelled or inactive. Other active GSTINs include 08AABCM6541J1ZC (Rajasthan), 09AABCM6541J1ZA (Uttar Pradesh), 19AABCM6541J1Z9 (West Bengal).
The CIN (Corporate Identification Number) of Merchant Shipping Services is U61000MH1996PTC104246. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merchant Shipping Services has 9 court cases on record: 3 filed by the company and 6 filed against it. 1 is pending. Most are in the high courts.
Merchant Shipping Services was incorporated on 29 November 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Merchant Shipping Services has 2 deals on record (2 secondary share transfers); the latest was in July 2016.
The peers of Merchant Shipping Services by revenue are Delta Waterways Private Limited, Kin-Ship Services India Private Limited, V.Ships Ship Management (India) Private Limited, all in the Shipping industry (Shipping Services), with the same principal business activity (services incidental to land, water & air transportation).
Viral Vijay Parekh ceased to be Additional Director on 30 Nov 2021. Viral Vijay Parekh was appointed as Director on 28 Jul 2021. Pankaj Mehrotra was appointed as Director on 11 Jun 2020. Merchant Shipping Services has 14 board changes on record in total.
Merchant Shipping Services has 9 MSME Form 1 returns on record between 2019 and 2023, listing 32 overdue payments to 19 micro and small suppliers. The latest return was filed on 27 Oct 2023.
Merchant Shipping Services can be reached through the website merchantshpg.com. Its registered office is in Mumbai, Maharashtra, India.
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