Mid Way Logistics Private Limited
About Mid Way Logistics Private Limited
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Mid Way Logistics Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 04 February 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U63090GJ2009PTC056045.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.22 Cr. It is led by directors Deepak Kumar Giri and Rup Chand Baid.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at 564 Krushna Nagar Icchapore Hazira, Surat, Gujarat, India – 394510.
As per the financials filed for FY 2015, the company reported a revenue of ₹2.73 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net loss of ₹1.65 Cr (net margin -60.6%) and EBITDA of -₹87.13 Lakh (EBITDA margin -31.9%).
As per MCA filings, the company has open charges of ₹100 Cr and satisfied charges of ₹16.73 Cr on record. Court records list 16 cases involving the company, including 16 filed against it; 5 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Mid Way Logistics Private Limited's registered office is in Surat, Gujarat.
- Registered Address564 Krushna Nagar Icchapore Hazira, Surat, Gujarat, India – 394510
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
- 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
Financials of Mid Way Logistics Private Limited
FY 2015 filings availableMid Way Logistics Private Limited reported revenue of ₹2.73 Cr (up 2% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue rose 2% in the latest year. EBITDA fell 105% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| 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 | -₹87.13 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹1.65 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
| Metrics | FY 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | -31.9% |
| Net Profit Margin | -60.6% |
| 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 | |
To see the full financial statements and ratios of Mid Way Logistics Private Limited, buy the company report.
Board of directors of Mid Way Logistics Private Limited
Mid Way Logistics 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 |
|---|---|---|---|---|
| Deepak Kumar Giri | Director | 09 May 2011 | 15 Years 5 Months | Current |
| Rup Chand Baid | Director | 26 May 2014 | 12 Years 5 Months | Current |
Peer comparison
Mid Way Logistics Private Limited is compared with the 10 companies closest to it by revenue in the Transport and Logistics industry (Diversified Logistics), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kamal Freight Private Limited | ₹2.74 Cr (FY 2021) | 61.0% | Ahmedabad, Gujarat, India | |||
| Vaishali Road Carriers Private Limited | ₹2.73 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Shiparsan Enterprise Private Limited | ₹2.73 Cr (FY 2025) | 87.0% | Gandhinagar, Gujarat, India | |||
| Quest Cargo Private Limited | ₹2.73 Cr (FY 2024) | -2.0% | Navi Mumbai, Maharashtra, India | |||
| Vijay Bharat Logistics Private Limited | ₹2.73 Cr (FY 2024) | 21.0% | Delhi, India | |||
| Mid Way Logistics Private Limitedthis company | ₹2.73 Cr (FY 2015) | -₹1.65 Cr | -60.6% | 2.0% | Surat, Gujarat, India | |
| Ajwa Logistic Private Limited | ₹2.73 Cr (FY 2021) | -52.0% | Jamnagar, Gujarat, India | |||
| A S Travels and Logistics India Private Limited | ₹2.73 Cr (FY 2024) | Bangalore, Karnataka, India | ||||
| Salient Security Services Private Limited | ₹2.73 Cr (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| Shiv Bhakti Movers Private Limited | ₹2.73 Cr (FY 2020) | -89.0% | Surat, Gujarat, India | |||
| Blue Diamond Cargo Services Private Limited | ₹2.73 Cr (FY 2025) | 36.0% | New Delhi, Delhi, India |
To see the full peer comparison of Mid Way Logistics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 May 2013 | 10423669 | Andhra Bank | ₹75 Cr | Open | |
| 01 Sep 2012 | 10379084 | Andhra Bank | ₹25 Cr | Open | |
| 06 Nov 2009 | 10184759 | State Bank of India | ₹16.73 Cr | Satisfied |
To see the full charge records of Mid Way Logistics Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Mid Way Logistics Private Limited has 16 court cases on record: 16 filed against it. 5 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 16 | 5 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by The Registrar of Companies | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by The Registrar of Companies | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed against the company by The Registrar of Companies | Disposed |
| District court, Dahod, Gujarat | Motor accident claim | Filed against the company by an individual | Disposed |
| District court, Dahod, Gujarat | Motor accident claim | Filed against the company by an individual | Disposed |
To see the full case history of Mid Way Logistics 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 Mid Way Logistics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Mid Way Logistics Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Mid Way Logistics Private Limited has 6 board changes on record since 2010: 2 appointments and 4 cessations. The latest: Rup Chand Baid ceased to be Additional Director on 30 Sep 2014.
2 earlier events are in the company report.
Frequently asked questions
Mid Way Logistics is an active private limited company based in Surat, Gujarat, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 04 February 2009 (17+ years old) and is registered under CIN U63090GJ2009PTC056045.
Mid Way Logistics has 2 current directors:
- Deepak Kumar Giri - Director
- Rup Chand Baid - Director
The latest financial statements of Mid Way Logistics on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Mid Way Logistics is U63090GJ2009PTC056045. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mid Way Logistics has 16 court cases on record: 16 filed against it. 5 are pending.
Mid Way Logistics was incorporated on 04 February 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Mid Way Logistics by revenue are Kamal Freight Private Limited, Vaishali Road Carriers Private Limited, Shiparsan Enterprise Private Limited, Quest Cargo Private Limited, Vijay Bharat Logistics Private Limited and 5 more, all in the Transport and Logistics industry (Diversified Logistics).
Rup Chand Baid ceased to be Additional Director on 30 Sep 2014. Dilip Nirmal Jain ceased to be Director on 26 May 2014. Rup Chand Baid was appointed as Director on 26 May 2014. Mid Way Logistics has 6 board changes on record in total.
The registered office of Mid Way Logistics is at 564 Krushna Nagar Icchapore Hazira, Surat, Gujarat, India – 394510.
Mid Way Logistics operates in the transport and logistics industry, in the integrated and diversified logistics services segment.
Mid Way Logistics has open charges of ₹100 Cr and satisfied charges of ₹16.73 Cr as per latest MCA filings.
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