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
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
Modest Maritime Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is modestmaritime.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressB/604 Shastri Nagar Swiss Corner 4 Bunglows Andheri (West), Mumbai, Maharashtra, India – 400053
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Modest Maritime Services Private Limited, buy the company report.
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
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Secure checkout · GST invoice included
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Administrative and support service activities | 77 | Rental and leasing activities |
To see the full business activity and turnover split of Modest Maritime Services Private Limited, buy the company report.
Financials of Modest Maritime Services Private Limited
FY 2025 filings availableModest 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)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹40.01 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹35.51 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 48.8% | ||||
| Net Profit Margin | 43.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Modest Maritime Services Private Limited, buy the company report.
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 |
Auditor
Modest Maritime Services Private Limited is audited by KABRA ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KABRA ASSOCIATES | FY 2019 | 104486W |
Shareholding
The shareholding of Modest Maritime Services Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Modest Maritime Services Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹11.9 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 May 2013 | 10428729 | Janakalyan Sahakari Bank Limited | ₹50 Lakh | Satisfied | |
| 16 Dec 2010 | 10257395 | Janakalyan Sahakari Bank Limited | ₹5.45 Cr | Satisfied | |
| 16 Sep 2005 | 90348876 | Janakalyan Sahakari Bank Limited | ₹5.95 Cr | Satisfied |
To see the full charge records of Modest Maritime Services Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
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.
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 The Commissioner of Income Tax - 9 Mumbai | Disposed |
| Bombay High Court | Court case (ADMS) | Filed by the company against an individual | Disposed |
To see the full case history of Modest Maritime Services 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 Modest Maritime Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Modest Maritime Services Private Limited has a workforce of 7 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
Employee count
7
Active EPFO establishments
1
GST
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 |
To see the full GST registrations and return filing status of Modest Maritime Services Private Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 2 current directors:
- Kishor Deomal Gambani - Director
- Prakash Sadhwani - Director
The latest financial statements of Modest Maritime 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 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.
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.
Yes, Modest Maritime Services is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0014132).
Modest Maritime Services can be reached through the website modestmaritime.com. Its registered office is in Mumbai, Maharashtra, India.