About MLL Express Services Private Limited
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MLL Express Services Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Mahindra Logistics Limited. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 04 December 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63040MH2006PTC165956. Its GSTIN is 27AACCV3947L1ZU (Maharashtra). The company holds 27 GST registrations, all of them active.
The company has an authorised share capital of ₹650 Cr and a paid-up capital of ₹596.83 Cr. It was formerly known as V-Link Travel Solutions Private Limited and Meru Travel Solutions Limited. It is led by directors including Gangadaran Chellakrishna and Sreenivas Pamidimukkala.
Its last annual general meeting (AGM) was held on 15 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mahindra Towers P. K. Kurne Chowk Worli, Mumbai, Maharashtra, India – 400018.
As per the financials filed for FY 2024, the company reported a revenue of ₹364.91 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹123.57 Cr (net margin -33.9%) and EBITDA of -₹79.63 Cr (EBITDA margin -21.8%). Revenue has grown at a compounded annual rate (CAGR) of 99% over three years and 18% over five years.
The company has about 930 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Meru and Mahindra Logistics. As per MCA filings, the company has open charges of ₹45 Cr and satisfied charges of ₹248.99 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 1 filed against it; 3 cases are pending. The company has 21 deals on record (10 funding rounds, 5 secondary share transfers, 3 acquisitions), with disclosed funding of ₹358.75 Cr; the latest was in March 2025. Its 10 peer companies in the Transport and Logistics industry (Express Logistics, Passenger Transport Services) are compared by revenue, 5 larger and 5 smaller; the largest is Antony Road Transport Solutions Private Limited with revenue of ₹481.04 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website meru.in.
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- TelephoneLocked
- Website
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- Registered AddressMahindra Towers P. K. Kurne Chowk Worli, Mumbai, Maharashtra, India – 400018
- 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
- One PDF report, delivered after checkout
Business Activity of MLL Express Services Private Limited
The main business activity of MLL Express Services is transport and storage. In detail, this covers land transport via road.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of MLL Express Services Private Limited FY 2025 filings available
MLL Express Services Private Limited reported revenue of ₹364.91 Cr (up 196% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of MLL Express Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 196% growth in the latest year. EBITDA fell 201% 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 MLL Express Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹79.63 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹123.57 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 MLL Express Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -21.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -33.9% | •••• | •••• | •••• | •••• |
| 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 MLL Express Services are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of MLL Express Services Private Limited
MLL Express Services Private Limited is compared with the companies closest to it by revenue in the Transport and Logistics industry (Express Logistics, Passenger Transport 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 |
|---|---|---|---|---|---|---|
| Antony Road Transport Solutions Private Limited | ₹481.04 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Navi Mumbai, Maharashtra, India |
| Trackon Couriers Private Limited | ₹457.8 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | New Delhi, Delhi, India |
| Sevenseas Global Express Logistics Private Limited | ₹455.86 Cr (FY 2025) | •••• | •••• | 44.0% | •••• | Bangalore, Karnataka, India |
| Punjab State Bus Stand Management Company Ltd | ₹441.86 Cr (FY 2015) | •••• | •••• | 7.0% | •••• | Chandigarh, India |
| Aramex India Private Limited | ₹398.16 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Mumbai, Maharashtra, India |
| MLL Express Services Private Limited this company | ₹364.91 Cr (FY 2024) | •••• | •••• | 196.0% | •••• | Mumbai, Maharashtra, India |
| TNT India Private Limited | ₹356.21 Cr (FY 2022) | •••• | •••• | 9.0% | •••• | Mumbai, Maharashtra, India |
| Scorpion Express Private Limited | ₹324.47 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Patna, Bihar, India |
| PRM Roadways Private Limited | ₹313.5 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Sriperumbudur, Tamil Nadu, India |
| Instant Supply Chain Solutions Private Limited | ₹305.74 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Gurugram, Haryana, India |
| Overseas Logistics Private Limited | ₹299.34 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below MLL Express Services by revenue in the Transport and Logistics industry (Express Logistics, Passenger Transport 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 MLL Express Services Private Limited
MLL Express Services Private Limited is audited by B. K. Khare & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B. K. Khare & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of MLL Express Services Private Limited
MLL Express Services Private Limited currently reports 5 directors and 2 key managerial personnel. 36 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gangadaran Chellakrishna | Director | 03 Aug 2020 | 6 Years 2 Months | Current |
| Sreenivas Pamidimukkala Also directs: MLL Mobility Private Limited, V5 IT Consultants LLP | Director | 19 May 2022 | 4 Years 4 Months | Current |
| Avani Vishal Davda | Director | 02 May 2023 | 3 Years 5 Months | Current |
| Hemant Sikka Also directs: Mahindra Logistics Limited, Seino MLL Logistics Private Limited, Zipzap Logistics Private Limited and 4 more | Director | 15 May 2025 | 1 Years 4 Months | Current |
| Prasanna Vikas Pahade | Ceo | 14 Sep 2023 | 3 Years 0 Months | Current |
| Gaurav Rustagi | Cfo | 11 May 2024 | 2 Years 5 Months | Current |
Ownership and Shareholding of MLL Express Services Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of MLL Express Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Oct 2023 | Others | ₹35 Cr | Open |
| 20 Jul 2023 | Axis Bank Limited | ₹10 Cr | Open |
| 04 Apr 2023 | Others | ₹90,000 | Satisfied |
| 31 Mar 2023 | Others | ₹90,000 | Satisfied |
| 31 Mar 2023 | Others | ₹100 Cr | Satisfied |
Total charge records: 10 View all charges
Deals & Funding of MLL Express Services Private Limited
MLL Express Services Private Limited has 21 deals on record (10 funding rounds, 5 secondary share transfers, 3 acquisitions), with disclosed funding of ₹358.75 Cr; the latest was in March 2025.
Deals on record (5 of 21)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Acquisition | ₹348.86 Cr | Buyer: Mahindra Logistics Limited |
| Sep 2023 | Acquisition | ₹130 Cr | Buyer: Mahindra Logistics Limited |
| Jul 2023 | Funding round | ₹20.83 Cr | Investors: Mahindra Logistics Limited |
| May 2022 | Acquisition | Undisclosed | Buyer: Mahindra Logistics Limited Seller: Mahindra and Mahindra Limited |
| May 2021 | Secondary share transfer | Undisclosed | Buyer: Mahindra and Mahindra Limited Seller: 2 individuals |
Full deal history
All 21 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of MLL Express Services Private Limited
MLL Express Services Private Limited has 3 court cases on record: 1 filed by MLL Express Services, 1 filed against it, 1 where it is another party. All cases are pending. Status as checked between 29 Sep 2026 and 30 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 3 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Commercial suit | Filed against the company by an individual | Pending |
| District court, South West, Delhi | Commercial suit | Company is another party | Pending |
| District court, Central, Delhi | Court case (Counter Claim) | Filed by the company against an individual | Pending |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with MLL Express Services Private Limited
MLL Express Services operates two associated brands: Meru and Mahindra Logistics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Ride-hailing services are facilitated via an app-based platform. | meru.in | |
| Integrated supply chain and mobility solutions are provided globally. | mahindralogistics.com |
Employees and EPFO Compliance at MLL Express Services Private Limited
MLL Express Services Private Limited has a workforce of 930 employees as of Apr 08, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Name History of MLL Express Services Private Limited
MLL Express Services has undergone 2 name changes throughout its history. The company was previously known as V-Link Travel Solutions Private Limited, and Meru Travel Solutions Limited. The current legal name is Mll Express Services Private Limited.
| Company Name | Status |
|---|---|
| MLL Express Services Private Limited | Current |
| V-Link Travel Solutions Private Limited | Previous |
| Meru Travel Solutions Limited | Previous |
CIN History of MLL Express Services Private Limited
MLL Express Services has one previous CIN (Corporate Identification Number): U63040MH2006PLC165956. The current CIN is U63040MH2006PTC165956, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U63040MH2006PTC165956 | Current |
| U63040MH2006PLC165956 | Previous |
News related to MLL Express Services Private Limited
Recent Activity on MLL Express Services Private Limited
MLL Express Services Private Limited has 67 board changes on record since 2006: 37 appointments and 30 cessations. The latest: Hemant Sikka was appointed as Director on 15 May 2025.
77 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for MLL Express Services Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by MLL Express Services Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of MLL Express Services Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of MLL Express Services Private Limited
MLL Express Services has 27 GST registrations: 27 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCV3947L1ZU | Maharashtra | Active | 01 Apr 2020 |
| 36AACCV3947L1ZV | Telangana | Active | 22 Oct 2022 |
| 30AACCV3947L1Z7 | Goa | Active | 25 Oct 2022 |
| 23AACCV3947L1Z2 | Madhya Pradesh | Active | 29 Oct 2022 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of MLL Express Services Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about MLL Express Services Private Limited
MLL Express Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 04 December 2006 (20+ years old) and is registered under CIN U63040MH2006PTC165956.
MLL Express Services reported revenue of ₹364.91 Cr for FY 2024 (up 196% YoY).
MLL Express Services has 7 current directors and KMP:
- Gangadaran Chellakrishna - Director
- Sreenivas Pamidimukkala - Director
- Avani Vishal Davda - Director
- Hemant Sikka - Director
- Naveen Raju Kollaickal - Director
- Prasanna Vikas Pahade - Ceo
- Gaurav Rustagi - Cfo
MLL Express Services reported a net loss of ₹123.57 Cr (net margin -33.9%) and EBITDA of -₹79.63 Cr (EBITDA margin -21.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of MLL Express Services is 99% over three years and 18% over five years. In the latest year (FY 2024) revenue rose 196%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of MLL Express Services is 27AACCV3947L1ZU, registered in Maharashtra. The company has 27 GST registrations in all, of which 27 are active. Other active GSTINs include 36AACCV3947L1ZV (Telangana), 30AACCV3947L1Z7 (Goa), 23AACCV3947L1Z2 (Madhya Pradesh).
The CIN (Corporate Identification Number) of MLL Express Services is U63040MH2006PTC165956. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MLL Express Services has 3 court cases on record: 1 filed by the company and 1 filed against it. 3 are pending.
MLL Express Services was incorporated on 04 December 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
MLL Express Services has 21 deals on record (10 funding rounds, 5 secondary share transfers, 3 acquisitions), with disclosed funding of ₹358.75 Cr; the latest was in March 2025.
The peers of MLL Express Services by revenue are Antony Road Transport Solutions Private Limited, Trackon Couriers Private Limited, Sevenseas Global Express Logistics Private Limited, Punjab State Bus Stand Management Company Ltd, Aramex India Private Limited and 5 more, all in the Transport and Logistics industry (Express Logistics, Passenger Transport Services).