About Modern Cargo Services Pvt Ltd
Data last updated:
Modern Cargo Services Pvt Ltd is a private limited company based in Mumbai, Maharashtra, India. It operates in the carrying and forwarding agents (cfa) segment of the transport and logistics sector. It was incorporated on 05 August 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63010MH1987PTC044299. Its GSTIN is 27AAACM7088B2ZH (Maharashtra). The company holds 13 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹22.5 Lakh. It is led by directors Baby John and Ashish Firdos Fanibanda.
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 Plot No 14 3rd Floor Samhitawarehousing Complex Andheri (E), Mumbai, Maharashtra, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹24.73 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net loss of ₹3.58 Cr (net margin -14.5%) and EBITDA of -₹2.87 Cr (EBITDA margin -11.6%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years and 11% over five years.
The company is associated with 1 brand: Modern Cargo Services. As per MCA filings, the company has open charges of ₹40 Lakh and satisfied charges of ₹24.1 Cr on record. Court records list 83 cases involving the company, including 71 filed by the company and 12 filed against it; 6 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website moderncargo.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No 14 3rd Floor Samhitawarehousing Complex Andheri (E), Mumbai, Maharashtra, India
- IndustryTransport and Logistics, Carrying & Forwarding Agents (CFA)
- 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 Modern Cargo Services Pvt Ltd
The main business activity of Modern Cargo Services is transport and storage. In detail, this covers air transport.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H4 | Air transport | 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 Modern Cargo Services Pvt Ltd FY 2025 filings available
Modern Cargo Services Pvt Ltd reported revenue of ₹24.73 Cr (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Modern Cargo Services Pvt Ltd
Revenue rose 7% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 11%. EBITDA fell 368% 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 Modern Cargo Services Pvt Ltd
| 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 | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹2.87 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.58 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 Modern Cargo Services Pvt Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -11.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -14.5% | •••• | •••• | •••• | •••• |
| 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 Modern Cargo 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 Modern Cargo Services Pvt Ltd
Modern Cargo Services Pvt Ltd is compared with the companies closest to it by revenue in the Transport and Logistics industry (Diversified Logistics). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Susan Cold Care Logistics Private Limited | •••• | •••• | •••• | •••• | - | Navi Mumbai, Maharashtra, India |
| Nexxus Freight Logistics Systems Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Omshree Maa Mangala Logistics Private Limited | •••• | •••• | •••• | •••• | - | Bhubaneswar, Orissa, India |
| Advent Logistics India Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| KTR Freight Private Limited | •••• | •••• | •••• | •••• | - | Gurgaon, Haryana, India |
| Modern Cargo Services Pvt Ltd this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Utility Transport Private Limited | •••• | •••• | •••• | •••• | - | Jamshedpur, Jharkhand, India |
| Horizon Translifters Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Sical Logixpress Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Southern Mercantile Services Private Limited | •••• | •••• | •••• | •••• | 30 | Chennai, Tamil Nadu, India |
| Ufs Express India Private Limited | •••• | •••• | •••• | •••• | 10 | Bengaluru, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Modern Cargo Services by revenue in the Transport and Logistics industry (Diversified Logistics), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Modern Cargo Services Pvt Ltd
Modern Cargo Services Pvt Ltd is audited by M. D. DUMASIA & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M. D. DUMASIA & 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 of Modern Cargo Services Pvt Ltd
Modern Cargo Services has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Baby John Also directs: Fontana Hotels & Resorts Private Limited, Trinity Car Rental Company Private Limited, Unity Rent-A-Car Private Limited and 5 more | Director | 01 Jul 2025 | 1 Years 3 Months | Current |
| Ashish Firdos Fanibanda Also directs: Modern Dairymaid Private Limited | Director | 14 Jul 2023 | 3 Years 2 Months | Current |
Ownership and Shareholding of Modern Cargo Services Pvt Ltd
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 Modern Cargo Services Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Jan 2022 | Others | ₹40 Lakh | Open |
| 24 Nov 2016 | Yes Bank Limited | ₹8 Cr | Satisfied |
| 06 Aug 2013 | Citi Bank N.A. | ₹6 Cr | Satisfied |
| 09 Aug 2010 | Citi Bank N.A. | ₹6 Cr | Satisfied |
| 06 May 2010 | Tata Capital Limited | ₹7.9 Lakh | Satisfied |
Total charge records: 8 View all charges
Legal Cases of Modern Cargo Services Pvt Ltd
Modern Cargo Services Pvt Ltd has 83 court cases on record: 71 filed by Modern Cargo Services, 12 filed against it. 6 cases are pending and 77 are disposed. Status as checked between 28 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 47 | 4 | 1 |
| High courts | 34 | 7 | 5 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 83)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against Responsive Industries Limited | Disposed |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed by the company against SMS Formulation Private Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against SMS Formulation Private Limited | Disposed |
| Bombay High Court | Company petition | Filed by the company against Sairaj Logistics Private Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed by the company against SMS Formulation Private Limited | Disposed |
Full case history
All 83 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.
MSME Payment Delays by Modern Cargo Services Pvt Ltd
Modern Cargo Services Pvt Ltd has 7 MSME Form 1 returns on record between 2022 and 2024, listing 437 overdue payments to 43 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 43)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| K B Roadlines | •••• | •••• | •••• |
| Ameya Logistics Private Limited | •••• | •••• | •••• |
| Pioneer Cargo Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Gabhawalla & Co | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 7 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Modern Cargo Services Pvt Ltd
Modern Cargo Services operates one associated brand: Modern Cargo Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers freight forwarding, logistics, and custom clearance services globally. | moderncargo.com |
Employees and EPFO Compliance at Modern Cargo Services Pvt Ltd
Employment history and EPFO contributions of people linked to Modern Cargo Services.
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.
Recent Activity on Modern Cargo Services Pvt Ltd
Modern Cargo Services Pvt Ltd has 8 board changes on record since 2019: 3 appointments and 5 cessations. The latest: Parma Nand Swaroop ceased to be Director on 02 Jul 2025.
20 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Modern Cargo Services Pvt Ltd
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.
Subsidiaries & Group Companies of Modern Cargo Services Pvt Ltd
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 Modern Cargo Services Pvt Ltd
Modern Cargo Services has 13 GST registrations: 6 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM7088B2ZH | Maharashtra | Active | 01 Jul 2017 |
| 08AAACM7088B1ZI | Rajasthan | Active | 01 Jul 2017 |
| 24AAACM7088B3ZM | Gujarat | Active | 01 Jul 2017 |
| 29AAACM7088B1ZE | Karnataka | Active | 01 Jul 2017 |
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 Modern Cargo Services Pvt Ltd
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 Modern Cargo Services Pvt Ltd
Modern Cargo Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in carrying and forwarding agents (cfa), within the transport and logistics industry. It was incorporated on 05 August 1987 (39+ years old) and is registered under CIN U63010MH1987PTC044299.
Modern Cargo Services reported revenue of ₹24.73 Cr for FY 2025 (up 7% YoY).
Modern Cargo Services has 2 current directors:
- Baby John - Director
- Ashish Firdos Fanibanda - Director
Modern Cargo Services reported a net loss of ₹3.58 Cr (net margin -14.5%) and EBITDA of -₹2.87 Cr (EBITDA margin -11.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Modern Cargo Services is -18% over three years and -11% over five years. In the latest year (FY 2025) revenue rose 7%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Modern Cargo Services is 27AAACM7088B2ZH, registered in Maharashtra. The company has 13 GST registrations in all, of which 6 are active and 7 are cancelled or inactive. Other active GSTINs include 08AAACM7088B1ZI (Rajasthan), 24AAACM7088B3ZM (Gujarat), 29AAACM7088B1ZE (Karnataka).
The CIN (Corporate Identification Number) of Modern Cargo Services is U63010MH1987PTC044299. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modern Cargo Services has 83 court cases on record: 71 filed by the company and 12 filed against it. 6 are pending. Most are in the district courts.
Modern Cargo Services was incorporated on 05 August 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Modern Cargo Services by revenue are Susan Cold Care Logistics Private Limited, Nexxus Freight Logistics Systems Private Limited, Omshree Maa Mangala Logistics Private Limited, Advent Logistics India Private Limited, KTR Freight Private Limited and 5 more, all in the Transport and Logistics industry (Diversified Logistics).
Parma Nand Swaroop ceased to be Director on 02 Jul 2025. Baby John was appointed as Director on 01 Jul 2025. Krishna Kumar Govindrajan was appointed as CEO on 10 Dec 2024. Modern Cargo Services has 8 board changes on record in total.
Modern Cargo Services has 7 MSME Form 1 returns on record between 2022 and 2024, listing 437 overdue payments to 43 micro and small suppliers. The latest return was filed on 24 Apr 2024.