Merit Freight Systems Company Private Limited
About Merit Freight Systems Company Private Limited
Data last updated:
Merit Freight Systems Company Private Limited is a private limited company based in Mangalore, Karnataka, India. The company is currently under process of striking off by the Registrar of Companies. The removal process has been initiated but is not yet final, and the company may be struck off soon. It operates in the postal and courier segment of the logistics and supply chain sector. It was incorporated on 12 February 2009.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U63010KA2009PTC049130. Its GSTIN is 29AAGCM7275C1Z9 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹3.18 Lakh. It is led by directors Joseph Mathias and Eliza Flavia Joseph Mathias.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 14 – 3 – 171/5 1st Floor Little Flower Building Balmatta Road, Mangalore, Karnataka, India – 575001.
As per the financials filed for FY 2023, the company reported a revenue of ₹12.32 Lakh, a decline of 41% compared to the previous year. For the same year it recorded a net loss of ₹3.49 Lakh (net margin -28.4%) and EBITDA of -₹89,386 (EBITDA margin -7.3%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years and 17% over five years.
Company details
Contact details
Merit Freight Systems Company Private Limited's registered office is in Mangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address14 – 3 – 171/5 1st Floor Little Flower Building Balmatta Road, Mangalore, Karnataka, India – 575001
- IndustryLogistics, Postal & Courier
To see the full contact details of Merit Freight Systems Company 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 Merit Freight Systems Company 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 Merit Freight Systems Company Private Limited, buy the company report.
Financials of Merit Freight Systems Company Private Limited
FY 2023 filings availableMerit Freight Systems Company Private Limited reported revenue of ₹12.32 Lakh (down 41% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 17% over five years, including a 41% fall in the latest year. EBITDA rose 77% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹89,386 | ||||
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| Net Profit (PAT) | -₹3.49 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | -7.3% | ||||
| Net Profit Margin | -28.4% | ||||
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To see the full financial statements and ratios of Merit Freight Systems Company Private Limited, buy the company report.
Board of directors of Merit Freight Systems Company Private Limited
Merit Freight Systems Company has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Joseph Mathias | Director | 12 Feb 2009 | 17 Years 8 Months | Current |
| Eliza Flavia Joseph Mathias | Director | 12 Feb 2009 | 17 Years 8 Months | Current |
Peer comparison
Merit Freight Systems Company Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Infinity Relocation Private Limited | ₹12.42 Lakh (FY 2021) | -43.0% | Delhi, India | |||
| DNR Foods Private Limited | ₹12.39 Lakh (FY 2022) | 74.0% | Ghaziabad, Uttar Pradesh, India | |||
| Shree Mahant Transline Private Limited | ₹12.33 Lakh (FY 2020) | -74.0% | Ahmedabad, Gujarat, India | |||
| Sainath Cargo Carriers Private Limited | ₹12.33 Lakh (FY 2018) | Delhi, India | ||||
| Ossa Logistics Services Private Limtied | ₹12.33 Lakh (FY 2015) | -75.0% | Navi Mumbai, Maharashtra, India | |||
| Merit Freight Systems Company Private Limitedthis company | ₹12.32 Lakh (FY 2023) | -₹3.49 Lakh | -28.4% | -41.0% | Mangalore, Karnataka, India | |
| Jaital Enviro Green Private Limited | ₹12.31 Lakh (FY 2024) | -59.0% | Gwalior, Madhya Pradesh, India | |||
| Kukkr Technologies Private Limited | ₹12.3 Lakh (FY 2024) | -54.0% | Bangalore, Karnataka, India | |||
| Navita Tour & Travels Private Limited | ₹12.29 Lakh (FY 2024) | 45.0% | Noida, Uttar Pradesh, India | |||
| Sanjeev Transportation and Logistics Private Limited | ₹12.28 Lakh (FY 2025) | 158.0% | Delhi, India | |||
| Kaco Smart Supply Chain Management India Private Limited | ₹12.26 Lakh (FY 2023) | Haryana, India |
To see the full peer comparison of Merit Freight Systems Company Private Limited, buy the company report.
Auditor
Merit Freight Systems Company Private Limited is audited by VIVIAN PINTO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIVIAN PINTO | FY 2017 | 025545 |
Shareholding
The shareholding of Merit Freight Systems Company Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Merit Freight Systems Company Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Merit Freight Systems Company Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Merit Freight Systems Company Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Merit Freight Systems Company has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCM7275C1Z9 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Merit Freight Systems Company Private Limited, buy the company report.
Recent activity
Merit Freight Systems Company Private Limited has 2 board changes on record since 2009: 2 appointments. The latest: Eliza Flavia Joseph Mathias was appointed as Director on 12 Feb 2009.
Frequently asked questions
Merit Freight Systems Company is currently "Under Process of Striking Off" as per MCA records. The Registrar of Companies has initiated the process to remove the company from the register, typically due to non-filing of statutory returns. This process is not yet final, but the company may be struck off soon. Caution is advised before entering into any agreements with this entity.
Merit Freight Systems Company is a company pending strike off, currently registered as a private limited company based in Mangalore, Karnataka, India. The company works in postal and courier, within the logistics industry. It was incorporated on 12 February 2009 and is registered under CIN U63010KA2009PTC049130. The company may be struck off soon - caution is advised.
The compliance status of Merit Freight Systems Company is compliant as of 19 August 2026.
Merit Freight Systems Company has 2 current directors:
- Joseph Mathias - Director
- Eliza Flavia Joseph Mathias - Director
The CIN (Corporate Identification Number) of Merit Freight Systems Company is U63010KA2009PTC049130. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merit Freight Systems Company was incorporated on 12 February 2009. It is registered with the Registrar of Companies, Bangalore.
The registered office of Merit Freight Systems Company is at 14 – 3 – 1715 1st Floor Little Flower Building Balmatta Road, Mangalore, Karnataka, India – 575001.
The latest financial statements of Merit Freight Systems Company on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Merit Freight Systems Company is 29AAGCM7275C1Z9, registered in Karnataka.
Merit Freight Systems Company operates in the logistics industry, in the postal and courier segment.
The peers of Merit Freight Systems Company by revenue are Infinity Relocation Private Limited, DNR Foods Private Limited, Shree Mahant Transline Private Limited, Sainath Cargo Carriers Private Limited, Ossa Logistics Services Private Limtied and 5 more, all in the same principal business activity (land transport via road).
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