MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0014132
Modest Maritime Services Private Limited - transport and logistics in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹82.05 Lakh
▼ 33% YoY
Net profit · FY 2025
₹35.51 Lakh
Net margin 43.3%
EBITDA · FY 2025
₹40.01 Lakh
EBITDA margin 48.8%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Satisfied charges
₹11.9 Cr
No open charges
Company age
30 yrs
Est. 1996
Employees · EPFO
7
Provident fund records
About Modest Maritime Services Private Limited
Data last updated:
Modest Maritime Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 25 October 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63032MH1996PTC103505. Its GSTIN is 27AABCM6269K1Z1 (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Kishor Deomal Gambani and Prakash Sadhwani.
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 B/604 Shastri Nagar Swiss Corner 4 Bunglows Andheri (West), Mumbai, Maharashtra, India – 400053.
As per the financials filed for FY 2025, the company reported a revenue of ₹82.05 Lakh, a decline of 33% compared to the previous year. For the same year it recorded a net profit of ₹35.51 Lakh (net margin 43.3%) and EBITDA of ₹40.01 Lakh (EBITDA margin 48.8%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 3% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹11.9 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
Modest Maritime Services Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0014132). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website modestmaritime.com.
Company Details of Modest Maritime Services Private Limited
CIN U63032MH1996PTC103505
Registration Number 103505
Incorporation Date 25 October 1996
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 Micro
Udyam Registration UDYAM-MH-19-0014132
Recognitions & Rankings of Modest Maritime Services
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressB/604 Shastri Nagar Swiss Corner 4 Bunglows Andheri (West), Mumbai, Maharashtra, India – 400053
- IndustryTransport and Logistics, Shipping & Maritime Services
Comprehensive company report
Modest Maritime Services Private Limited - 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
- One PDF report, delivered after checkout
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business Activity of Modest Maritime Services Private Limited
The main business activity of Modest Maritime Services is administrative and support service activities. In detail, this covers rental and leasing activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Administrative and support service activities | 77 | Rental and leasing activities | Locked |
Premium access
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 Modest Maritime Services Private Limited FY 2025 filings available
Modest Maritime Services Private Limited reported revenue of ₹82.05 Lakh (down 33% YoY) for FY 2025.
Revenue · FY 2025
₹82.05 Lakh ▼ 33%
Net profit · FY 2025
₹35.51 Lakh margin 43.3%
EBITDA · FY 2025
₹40.01 Lakh margin 48.8%
Compounded Annual Growth Rate (CAGR) of Modest Maritime Services Private Limited
Revenue CAGR growth
1 year
▼ 33%
3 years · compounded
▼ 14%
5 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▲ 2%
3 years · compounded
▼ 1%
5 years · compounded
▼ 10%
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 33% fall in the latest year. EBITDA rose 2% 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 Modest Maritime Services Private Limited
| 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 | ₹40.01 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹35.51 Lakh | •••• | •••• | •••• | •••• |
| 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 Modest Maritime Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 48.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 43.3% | •••• | •••• | •••• | •••• |
| 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 Modest Maritime Services are in the company report.
Premium access
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.
Board of Directors of Modest Maritime Services Private Limited
Modest Maritime Services has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kishor Deomal Gambani Also directs: Sadhana Technical Works Private Limited | Director | 01 Jan 2008 | 18 Years 9 Months | Current |
| Prakash Sadhwani Also directs: Sadhana Technical Works Private Limited | Director | 02 May 2022 | 4 Years 5 Months | Current |
Peer Comparison of Modest Maritime Services Private Limited
Modest Maritime Services Private Limited is compared with the companies closest to it by revenue in the Shipping industry (Maritime Services, Shipping 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 |
|---|---|---|---|---|---|---|
| Genmarco Maritime Services Private Limited | ₹84.36 Lakh (FY 2025) | •••• | •••• | 9.0% | •••• | Navi Mumbai, Maharashtra, India |
| Kini Logistics Services Private Limited | ₹82.55 Lakh (FY 2025) | •••• | •••• | -17.0% | •••• | Ernakulam, Kerala, India |
| Aark Shipping & Manning Private Limited | ₹82.36 Lakh (FY 2025) | •••• | •••• | -17.0% | •••• | Mumbai, Maharashtra, India |
| Robust Shipping Services Private Limited | ₹82.31 Lakh (FY 2023) | •••• | •••• | -33.0% | •••• | Ahmedabad, Gujarat, India |
| Dowins Resources Private Limited | ₹82.06 Lakh (FY 2024) | •••• | •••• | -44.0% | •••• | Thiruvananthapuram, Kerala, India |
| Modest Maritime Services Private Limited this company | ₹82.05 Lakh (FY 2025) | •••• | •••• | -33.0% | •••• | Mumbai, Maharashtra, India |
| Blackhull Maritime Services Private Limited | ₹81.13 Lakh (FY 2025) | •••• | •••• | -39.0% | •••• | Thane, Maharashtra, India |
| Grace Terminal Private Limited | ₹80.85 Lakh (FY 2024) | •••• | •••• | -17.0% | •••• | Thane, Maharashtra, India |
| Aavishka Shipping Private Limited | ₹80.53 Lakh (FY 2025) | •••• | •••• | -43.0% | •••• | Mumbai, Maharashtra, India |
| Srijanani Shipping Services Private Limited | ₹80.33 Lakh (FY 2024) | •••• | •••• | 44.0% | •••• | Chennai, Tamil Nadu, India |
| Integrated Freight Services India Private Limited | ₹79.77 Lakh (FY 2024) | •••• | •••• | 873609.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Modest Maritime Services by revenue in the Shipping industry (Maritime Services, Shipping 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 Modest Maritime Services Private Limited
Modest Maritime Services Private Limited is audited by KABRA ASSOCIATES for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KABRA ASSOCIATES | Locked | Locked | Locked |
Premium access
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.
Ownership and Shareholding of Modest Maritime Services Private Limited
Premium access
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 Modest Maritime Services Private Limited
Open charges
None
Satisfied charges
₹11.9 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 May 2013 | Janakalyan Sahakari Bank Limited | ₹50 Lakh | Satisfied |
| 16 Dec 2010 | Janakalyan Sahakari Bank Limited | ₹5.45 Cr | Satisfied |
| 16 Sep 2005 | Janakalyan Sahakari Bank Limited | ₹5.95 Cr | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Modest Maritime Services Private Limited
Modest Maritime Services Private Limited has 2 court cases on record: 1 filed by Modest Maritime Services, 1 filed against it. All cases are disposed. Status as checked between 29 Sep 2026 and 01 Oct 2026.
Total cases
2
Filed by the company
1
Filed against the company
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by Commissioner of Income Tax - 9 Mumbai | Disposed |
| Bombay High Court | Court case (ADMS) | Filed by the company against an individual | Disposed |
Premium access
Full case history
All 2 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.
Employees and EPFO Compliance at Modest Maritime Services Private Limited
Modest Maritime Services Private Limited has a workforce of 7 employees as of Apr 02, 2024.
Employee count
7
Active EPFO establishments
1
Premium access
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 Modest Maritime Services Private Limited
Modest Maritime Services Private Limited has 10 board changes on record since 2008: 2 appointments and 8 cessations. The latest: Prakash Sadhwani was appointed as Director on 02 May 2022.
AGM
Modest Maritime Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Modest Maritime Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Prakash Sadhwani was appointed as Director.
Ceased
Aayush Kishor Gambani ceased to be Additional Director.
Ceased
Piyush Kishor Gambani ceased to be Additional Director.
Ceased
Hanoz Adi Mistri ceased to be Director.
Ceased
Gansham Kanhaiyalal Rohra ceased to be Additional Director.
Ceased
Prakash Sadhwani ceased to be Director.
Charges
A charge registered on 02 May 2013 via Charge ID 10428729 with Janakalyan Sahakari Bank Limited was fully satisfied on 22 Dec 2016.
Charges
A charge registered on 16 Sep 2005 via Charge ID 90348876 with Janakalyan Sahakari Bank Limited was fully satisfied on 22 Dec 2016.
Ceased
Vasudev C. Ahuja ceased to be Director.
Charges
A charge registered on 16 Dec 2010 via Charge ID 10257395 with Janakalyan Sahakari Bank Limited was fully satisfied on 13 May 2015.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Modest Maritime Services Private Limited
Premium access
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 Modest Maritime Services Private Limited
Premium access
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 Modest Maritime Services Private Limited
Premium access
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 Modest Maritime Services Private Limited
Modest Maritime Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCM6269K1Z1 | Maharashtra | Active | 01 Jul 2017 |
Premium access
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 Modest Maritime Services Private Limited
Premium access
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 Modest Maritime Services Private Limited
Modest Maritime Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 25 October 1996 (30+ years old) and is registered under CIN U63032MH1996PTC103505.
Modest Maritime Services reported revenue of ₹82.05 Lakh for FY 2025 (down 33% YoY).
Modest Maritime Services has 2 current directors:
- Kishor Deomal Gambani - Director
- Prakash Sadhwani - Director
Modest Maritime Services reported a net profit of ₹35.51 Lakh (net margin 43.3%) and EBITDA of ₹40.01 Lakh (EBITDA margin 48.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Modest Maritime Services is -14% over three years and -3% over five years. In the latest year (FY 2025) revenue fell 33%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Modest Maritime Services is 27AABCM6269K1Z1, registered in Maharashtra.
The CIN (Corporate Identification Number) of Modest Maritime Services is U63032MH1996PTC103505. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modest Maritime Services has 2 court cases on record: 1 filed by the company and 1 filed against it.
Modest Maritime Services was incorporated on 25 October 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Modest Maritime Services by revenue are Genmarco Maritime Services Private Limited, Kini Logistics Services Private Limited, Aark Shipping & Manning Private Limited, Robust Shipping Services Private Limited, Dowins Resources Private Limited and 5 more, all in the Shipping industry (Maritime Services, Shipping Services).
Prakash Sadhwani was appointed as Director on 02 May 2022. Aayush Kishor Gambani ceased to be Additional Director on 30 Oct 2021. Piyush Kishor Gambani ceased to be Additional Director on 30 Oct 2021. Modest Maritime Services has 10 board changes on record in total.