MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0021389
Modern Cargo Services Pvt Ltd - transport and logistics in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹24.73 Cr
▲ 7% YoY
Net loss · FY 2025
₹3.58 Cr
Net margin -14.5%
EBITDA · FY 2025
-₹2.87 Cr
EBITDA margin -11.6%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹22.5 Lakh
Issued & subscribed
Open charges
₹40 Lakh
Satisfied ₹24.1 Cr
Company age
39 yrs
Est. 1987
Directors on board
2
As per MCA filings
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.
Modern Cargo Services Pvt Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0021389). 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.
Company details
CIN U63010MH1987PTC044299
Registration Number 044299
Incorporation Date 05 August 1987
ROC Mumbai
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-MH-18-0021389
Recognitions & Rankings of Modern Cargo Services
Contact details
Modern Cargo Services Pvt Ltd's registered office is in Mumbai, Maharashtra. Its website is moderncargo.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No 14 3rd Floor Samhitawarehousing Complex Andheri (E), Mumbai, Maharashtra, India
- IndustryTransport and Logistics, Carrying & Forwarding Agents (CFA)
To see the full contact details of Modern Cargo Services Pvt Ltd, buy the company report.
Comprehensive company report
Modern Cargo Services Pvt Ltd - 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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Brands
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 |
Business activity
The main business activity of Modern Cargo Services is transport and storage. In detail, this covers air transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H4 | Air transport |
To see the full business activity and turnover split of Modern Cargo Services Pvt Ltd, buy the company report.
Financials of Modern Cargo Services Pvt Ltd
FY 2025 filings availableModern Cargo Services Pvt Ltd reported revenue of ₹24.73 Cr (up 7% YoY) for FY 2025.
Revenue · FY 2025
₹24.73 Cr ▲ 7%
Net loss · FY 2025
₹3.58 Cr margin -14.5%
EBITDA · FY 2025
-₹2.87 Cr margin -11.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▼ 18%
5 years · compounded
▼ 11%
EBITDA CAGR growth
1 year
▼ 368%
3 years · compounded
▼ 74%
5 years · compounded
▼ 41%
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
| 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
| 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 | |||||
To see the full financial statements and ratios of Modern Cargo Services Pvt Ltd, buy the company report.
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.
Current Directors
| 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 4 Months | Current |
| Ashish Firdos Fanibanda Also directs: Modern Dairymaid Private Limited | Director | 14 Jul 2023 | 3 Years 3 Months | Current |
Auditor
Modern Cargo Services Pvt Ltd is audited by M. D. DUMASIA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M. D. DUMASIA & CO. | FY 2023 | 102790W |
Shareholding
The shareholding of Modern Cargo Services Pvt Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Modern Cargo Services Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹40 Lakh
Satisfied charges
₹24.1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jan 2022 | 100543907 | Others | ₹40 Lakh | Open | |
| 24 Nov 2016 | 100079660 | Yes Bank Limited | ₹8 Cr | Satisfied | |
| 06 Aug 2013 | 10451556 | Citi Bank N.A. | ₹6 Cr | Satisfied | |
| 09 Aug 2010 | 10234657 | Citi Bank N.A. | ₹6 Cr | Satisfied | |
| 06 May 2010 | 10221722 | Tata Capital Limited | ₹7.9 Lakh | Satisfied |
To see the full charge records of Modern Cargo Services Pvt Ltd, buy the company report.
Total charge records: 8 View all charges
Legal cases
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.
Total cases
83
Filed by the company
71
Filed against the company
12
Pending
6
Disposed
77
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 Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Ms SMS Formulation Pvt Ltd and Others and 3 others | Disposed |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed by the company against M/S. SMS Formulation Pvt Ltd., and 3 Others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed by the company against M-S SMS Formulation P Ltd and 3 others | Disposed |
| Bombay High Court | Company petition | Filed by the company against Sairaj Logistics Pvt. Ltd. Cin No. U35120mh2008ptc182130 | Disposed |
To see the full case history of Modern Cargo Services Pvt Ltd, 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
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 |
To see the full MSME payment records of Modern Cargo Services Pvt Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Modern Cargo Services has 13 GST registrations: 6 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
13
Active
6
Cancelled / inactive
7
| 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 |
To see the full GST registrations and return filing status of Modern Cargo Services Pvt Ltd, buy the company report.
Recent activity
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.
AGM
Modern Cargo Services Pvt Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Parma Nand Swaroop ceased to be Director.
Appointed
Baby John was appointed as Director.
Filing
Modern Cargo Services Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Krishna Kumar Govindrajan was appointed as CEO.
Ceased
Keki Viraf Dehnugara ceased to be Director.
Appointed
Ashish Firdos Fanibanda was appointed as Director.
Ceased
Ashish Firdos Fanibanda ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 40.00 Lakh with Charge ID 100543907 was registered on 27 Jan 2022.
Charges
A charge registered on 06 May 2010 via Charge ID 10221722 with Tata Capital Limited was fully satisfied on 28 Oct 2021.
Charges
A charge registered on 24 Nov 2016 via Charge ID 100079660 with Yes Bank Limited was fully satisfied on 25 Oct 2021.
Ceased
Dinaz Firdos Fanibanda ceased to be Whole-Time Director.
20 earlier events are in the company report.
Frequently asked questions
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 has 2 current directors:
- Baby John - Director
- Ashish Firdos Fanibanda - Director
The latest financial statements of Modern Cargo Services 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 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.
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.
Yes, Modern Cargo Services is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0021389).
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.
Modern Cargo Services can be reached through the website moderncargo.com. Its registered office is in Mumbai, Maharashtra, India.
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