MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-13-0006484
Meridian Freight Forwarders Private Limited - transport and logistics in Gandhidham, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹46.4 Cr
▼ 4% YoY
Net profit · FY 2025
₹2.65 Cr
Net margin 5.7%
EBITDA · FY 2025
₹5.46 Cr
EBITDA margin 11.8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹19.82 Cr
Secured borrowings
Company age
23 yrs
Est. 2003
Employees · EPFO
42
Provident fund records
About Meridian Freight Forwarders Private Limited
Data last updated:
Meridian Freight Forwarders Private Limited is a private limited company based in Gandhidham, Gujarat, India. It operates in the cargo services segment of the transport and logistics sector. It was incorporated on 03 September 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U61100GJ2003PTC042853. Its GSTIN is 24AADCM7648C1ZL (Gujarat). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Akshaykumar Sadashiv Shetty and Sadashiv Pijina Shetty.
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 Gandhidham, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹46.4 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹2.65 Cr (net margin 5.7%) and EBITDA of ₹5.46 Cr (EBITDA margin 11.8%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 13% over five years.
The company has about 42 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹19.82 Cr on record. Court records list 16 cases involving the company, including 1 filed by the company and 15 filed against it; 2 cases are pending.
Meridian Freight Forwarders Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-13-0006484). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website meridian1989.com.
Company details
CIN U61100GJ2003PTC042853
Registration Number 042853
Incorporation Date 03 September 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-13-0006484
Key People
Akshaykumar Sadashiv Shetty Director Sadashiv Pijina Shetty Director Shubhada Sadashiv Shetty Director Recognitions & Rankings of Meridian Freight Forwarders
Contact details
Meridian Freight Forwarders Private Limited's registered office is in Gandhidham, Gujarat. Its website is meridian1989.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGround Floor Meridian House Plot No 50 Sector – 8 Beside Kandla Timber Association Buildin, G, Gandhidham, Gujarat, India – 370201
- IndustryTransport and Logistics, Cargo Services
To see the full contact details of Meridian Freight Forwarders Private Limited, buy the company report.
Comprehensive company report
Meridian Freight Forwarders 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 Meridian Freight Forwarders is transport and storage. In detail, this covers services incidental to land, water & air transportation and land transport via road. 2 activity segments are registered with the MCA.
| 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 | |
| H | Transport and storage | H1 | Land Transport via Road |
To see the full business activity and turnover split of Meridian Freight Forwarders Private Limited, buy the company report.
Financials of Meridian Freight Forwarders Private Limited
FY 2025 filings availableMeridian Freight Forwarders Private Limited reported revenue of ₹46.4 Cr (down 4% YoY) for FY 2025.
Revenue · FY 2025
₹46.4 Cr ▼ 4%
Net profit · FY 2025
₹2.65 Cr margin 5.7%
EBITDA · FY 2025
₹5.46 Cr margin 11.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 4%
3 years · compounded
▲ 11%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 22%
5 years · compounded
▲ 9%
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA rose 4% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹5.46 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.65 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
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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 | 11.8% | ||||
| Net Profit Margin | 5.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Meridian Freight Forwarders Private Limited, buy the company report.
Board of directors of Meridian Freight Forwarders Private Limited
Meridian Freight Forwarders has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akshaykumar Sadashiv Shetty Also directs: Pavilion Corner LLP, Meriglobe Lines LLP, Meridian Global Shipping and Logistics LLP and 2 more | Director | 01 Feb 2012 | 14 Years 9 Months | Current |
| Sadashiv Pijina Shetty Also directs: Pavilion Corner LLP, Meriglobe Lines LLP, Meridian Global Shipping and Logistics LLP and 2 more | Director | 03 Sep 2003 | 23 Years 2 Months | Current |
| Shubhada Sadashiv Shetty | Director | 03 Sep 2003 | 23 Years 2 Months | Current |
Peer comparison
Meridian Freight Forwarders Private Limited is compared with the 3 companies closest to it by revenue in the Transport and Logistics industry (Diversified Logistics), 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 |
|---|---|---|---|---|---|---|
| LP Logistics Plus Chemical SCM Private Limited | ₹46.61 Cr (FY 2024) | -11.0% | Thane, Maharashtra, India | |||
| Siddhartha Logistics FTWZ Private Limited | ₹46.61 Cr (FY 2025) | 12.0% | Mumbai, Maharashtra, India | |||
| Meridian Freight Forwarders Private Limitedthis company | ₹46.4 Cr (FY 2025) | ₹2.65 Cr | 5.7% | -4.0% | 42 | Gandhidham, Gujarat, India |
| D.H.S Logistics Private Limited | ₹46.39 Cr (FY 2025) | 197.0% | Thane, Maharashtra, India |
To see the full peer comparison of Meridian Freight Forwarders Private Limited, buy the company report.
Auditor
Meridian Freight Forwarders Private Limited is audited by MAHESH N VORA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAHESH N VORA & CO | FY 2019 | 113231W |
Shareholding
The shareholding of Meridian Freight Forwarders Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Meridian Freight Forwarders Private Limited, buy the company report.
Charges & borrowings
Open charges
₹19.82 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Jan 2026 | 101218830 | Hdfc Bank Limited | ₹1.4 Cr | Open | |
| 17 Oct 2025 | 101184336 | Others | ₹7 Cr | Open | |
| 16 Jan 2025 | 101031269 | Hdfc Bank Limited | ₹1.33 Cr | Open | |
| 30 Aug 2024 | 100966928 | Hdfc Bank Limited | ₹1.3 Cr | Open | |
| 21 Aug 2024 | 100965814 | Hdfc Bank Limited | ₹1.3 Cr | Open |
Total charge records: 17 View all charges
Legal cases
Meridian Freight Forwarders Private Limited has 16 court cases on record: 1 filed by Meridian Freight Forwarders, 15 filed against it. 2 cases are pending and 14 are disposed.
Total cases
16
Filed by the company
1
Filed against the company
15
Pending
2
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 14 | 2 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, kachchh at Bhuj, Gujarat | Commercial matter | Filed by the company against HD World Trans Services LLP and 3 others | Pending |
| District court, Amreli, Gujarat | Court case (SPCS) | Filed against the company by National Insurance Company Limited. and 1 other | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by Rushabh Sealink Private Limited | Disposed |
| District court, Amreli, Gujarat | Court case (SPCS) | Filed against the company by National Insurance Company Limited. and 1 other | Disposed |
| District court, UDUPI, Karnataka | Motor accident claim | Filed against the company by an individual | Pending |
To see the full case history of Meridian Freight Forwarders 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 Meridian Freight Forwarders Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Meridian Freight Forwarders Private Limited has a workforce of 42 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
Employee count
42
Active EPFO establishments
1
Employee growth
23.53%
GST
Meridian Freight Forwarders has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCM7648C1ZL | Gujarat | Active | 01 Jul 2017 |
| 29AADCM7648C1ZB | Karnataka | Active | 01 Jul 2017 |
| 27AADCM7648C1ZF | Maharashtra | Active | 02 May 2019 |
To see the full GST registrations and return filing status of Meridian Freight Forwarders Private Limited, buy the company report.
Recent activity
Meridian Freight Forwarders Private Limited has 4 board changes on record since 2003: 3 appointments and 1 cessation. The latest: Nikita Sadashiv Shetty ceased to be Director on 01 Sep 2017.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 139.99 Lakh with Charge ID 101218830 was registered on 17 Jan 2026.
Charges
A charge with Others amounted to Rs. 700.00 Lakh with Charge ID 101184336 was registered on 17 Oct 2025.
AGM
Meridian Freight Forwarders Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Meridian Freight Forwarders 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 amounted to Rs. 132.50 Lakh with Charge ID 101031269 was registered on 16 Jan 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 130.00 Lakh with Charge ID 100966928 was registered on 30 Aug 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 130.00 Lakh with Charge ID 100965814 was registered on 21 Aug 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 124.85 Lakh with Charge ID 100718185 was registered on 17 Apr 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 30.00 Lakh with Charge ID 100727807 was registered on 23 Mar 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 21.65 Lakh with Charge ID 100563861 was registered on 29 Mar 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 121.45 Lakh with Charge ID 100293665 was registered on 13 Sep 2019.
Charges
A charge with Citi Bank N.A. amounted to Rs. 74.40 Lakh with Charge ID 100242568 was registered on 01 Aug 2018.
12 earlier events are in the company report.
Frequently asked questions
Meridian Freight Forwarders is an active private limited company based in Gandhidham, Gujarat, India. The company works in cargo services, within the transport and logistics industry. It was incorporated on 03 September 2003 (23+ years old) and is registered under CIN U61100GJ2003PTC042853.
Meridian Freight Forwarders has 3 current directors:
- Akshaykumar Sadashiv Shetty - Director
- Sadashiv Pijina Shetty - Director
- Shubhada Sadashiv Shetty - Director
The latest financial statements of Meridian Freight Forwarders 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 Meridian Freight Forwarders is 24AADCM7648C1ZL, registered in Gujarat. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AADCM7648C1ZB (Karnataka), 27AADCM7648C1ZF (Maharashtra).
The CIN (Corporate Identification Number) of Meridian Freight Forwarders is U61100GJ2003PTC042853. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Meridian Freight Forwarders has 16 court cases on record: 1 filed by the company and 15 filed against it. 2 are pending. Most are in the district courts.
Meridian Freight Forwarders was incorporated on 03 September 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Meridian Freight Forwarders by revenue are LP Logistics Plus Chemical SCM Private Limited, Siddhartha Logistics FTWZ Private Limited, D.H.S Logistics Private Limited, all in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (services incidental to land, water & air transportation).
Nikita Sadashiv Shetty ceased to be Director on 01 Sep 2017. Akshaykumar Sadashiv Shetty was appointed as Director on 01 Feb 2012. Sadashiv Pijina Shetty was appointed as Director on 03 Sep 2003. Meridian Freight Forwarders has 4 board changes on record in total.
Yes, Meridian Freight Forwarders is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-13-0006484).
Meridian Freight Forwarders can be reached through the website meridian1989.com. Its registered office is in Gandhidham, Gujarat, India.
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