MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-GA-02-0001659
Monarays Marine Services Private Limited - transport and logistics in Zuarinagar, Goa, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹27.94 Cr
▼ 11% YoY
Net loss · FY 2025
₹66.44 Lakh
Net margin -2.4%
EBITDA · FY 2025
₹3.87 Cr
EBITDA margin 13.8%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.05 Cr
Issued & subscribed
Open charges
₹30.28 Cr
Satisfied ₹9.31 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
119
Provident fund records
About Monarays Marine Services Private Limited
Data last updated:
Monarays Marine Services Private Limited is a private limited company based in Zuarinagar, Goa, India. It operates in the cargo services segment of the transport and logistics sector. It was incorporated on 19 April 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U63032GA2006PTC004585. Its GSTIN is 30AAECM6563D1ZT (Goa). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.05 Cr. It is led by directors including Bharat Seth (Managing Director) and Chetan Seth.
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 Dg – 4 Greva Plaza 04 – B – Block, Zuarinagar, Goa, India – 403726.
As per the financials filed for FY 2025, the company reported a revenue of ₹27.94 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net loss of ₹66.44 Lakh (net margin -2.4%) and EBITDA of ₹3.87 Cr (EBITDA margin 13.8%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 9% over five years.
The company has about 119 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Monarays Marine Services. As per MCA filings, the company has open charges of ₹30.28 Cr and satisfied charges of ₹9.31 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it.
Monarays Marine Services Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GA-02-0001659). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website monarays.com.
Company details
CIN U63032GA2006PTC004585
Registration Number 004585
Incorporation Date 19 April 2006
ROC Goa
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GA-02-0001659
Recognitions & Rankings of Monarays Marine Services
Contact details
Monarays Marine Services Private Limited's registered office is in Zuarinagar, Goa. Its website is monarays.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressDg – 4 Greva Plaza 04 – B – Block, Zuarinagar, Goa, India – 403726
- IndustryTransport and Logistics, Cargo Services
To see the full contact details of Monarays Marine Services Private Limited, buy the company report.
Comprehensive company report
Monarays Marine 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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Brands
Monarays Marine Services operates one associated brand: Monarays Marine Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Transportation and logistics services for marine containers in India. | monarays.com |
Business activity
The main business activity of Monarays Marine Services is transport and storage. In detail, this covers land transport via road.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road |
To see the full business activity and turnover split of Monarays Marine Services Private Limited, buy the company report.
Financials of Monarays Marine Services Private Limited
FY 2025 filings availableMonarays Marine Services Private Limited reported revenue of ₹27.94 Cr (down 11% YoY) for FY 2025.
Revenue · FY 2025
₹27.94 Cr ▼ 11%
Net loss · FY 2025
₹66.44 Lakh margin -2.4%
EBITDA · FY 2025
₹3.87 Cr margin 13.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 11%
3 years · compounded
▲ 7%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▼ 35%
3 years · compounded
▲ 4%
5 years · compounded
▲ 4%
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 35% 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 | ₹3.87 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹66.44 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.8% | ||||
| Net Profit Margin | -2.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Monarays Marine Services Private Limited, buy the company report.
Board of directors of Monarays Marine Services Private Limited
Monarays Marine Services has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chetan Seth Also directs: Monarays Softech Private Limited | Director | 19 Apr 2006 | 20 Years 6 Months | Current |
| Bharat Seth Also directs: Monarays Softech Private Limited | Managing Director | 01 May 2006 | 20 Years 6 Months | Current |
| Satish Seth Also directs: Monarays Softech Private Limited | Director | 19 Apr 2006 | 20 Years 6 Months | Current |
Auditor
Monarays Marine Services Private Limited is audited by CHANDRASHEKAR IYER & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHANDRASHEKAR IYER & CO | FY 2023 | 114260W |
Shareholding
The shareholding of Monarays Marine Services Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Monarays Marine Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹30.28 Cr
Satisfied charges
₹9.31 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Oct 2025 | 101176800 | Axis Bank Limited | ₹2.62 Cr | Open | |
| 04 Sep 2025 | 101160359 | Hdfc Bank Limited | ₹2.65 Cr | Open | |
| 16 Jun 2025 | 101119880 | Others | ₹85 Lakh | Open | |
| 02 Apr 2025 | 101089835 | Others | ₹1.65 Cr | Open | |
| 31 Jan 2025 | 101050048 | Others | ₹1.7 Cr | Open |
To see the full charge records of Monarays Marine Services Private Limited, buy the company report.
Total charge records: 37 View all charges
Legal cases
Monarays Marine Services Private Limited has 6 court cases on record: 2 filed by Monarays Marine Services, 4 filed against it. All cases are disposed.
Total cases
6
Filed by the company
2
Filed against the company
4
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 4 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Goa, Goa | Civil suit | Filed by the company against M/S. Amith Integrated Freight Services Pvt. Ltd and Anr. and 1 other | Disposed |
| District court, Silvassa, The Dadra And Nagar Haveli And Daman And Diu | Court case (OTH. MISC.APPLI. CRI) | Filed by the company against an individual | Disposed |
| District court, Mumbai Motor Accident Claims T, Maharashtra | Motor accident claim | Filed against the company by an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln. WCA A) | Filed against the company by an individual | Disposed |
| District court, Mumbai Motor Accident Claims T, Maharashtra | Motor accident claim | Filed against the company by an individual | Disposed |
To see the full case history of Monarays Marine 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 Monarays Marine Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Monarays Marine Services has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Monarays Softech Private Limited | U74999GA2015PTC007754 |
To see the full group structure of Monarays Marine Services Private Limited, buy the company report.
GST
Monarays Marine Services has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAECM6563D1ZT | Goa | Active | 28 Nov 2019 |
| 27AAECM6563D1ZG | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Monarays Marine Services Private Limited, buy the company report.
Recent activity
Monarays Marine Services Private Limited has 3 board changes on record since 2006: 3 appointments. The latest: Bharat Seth was appointed as Managing Director on 01 May 2006.
Charges
A charge with Axis Bank Limited amounted to Rs. 2.62 Cr with Charge ID 101176800 was registered on 09 Oct 2025.
AGM
Monarays Marine Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2.65 Cr with Charge ID 101160359 was registered on 04 Sep 2025.
Charges
A charge with Others of Rs. 4.99 Cr registered on 31 Mar 2023 with Charge ID 100703862 was modified on 26 Aug 2025.
Charges
A charge with Others amounted to Rs. 0.85 Cr with Charge ID 101119880 was registered on 16 Jun 2025.
Charges
A charge with Others amounted to Rs. 1.65 Cr with Charge ID 101089835 was registered on 02 Apr 2025.
Filing
Monarays Marine Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Goa.
Charges
A charge with Others amounted to Rs. 1.70 Cr with Charge ID 101050048 was registered on 31 Jan 2025.
Charges
A charge with Others amounted to Rs. 2.19 Cr with Charge ID 100761651 was registered on 25 Jul 2023.
Charges
A charge registered on 08 May 2017 via Charge ID 100109396 with Hdfc Bank Limited was fully satisfied on 14 Jul 2023.
Charges
A charge with Others amounted to Rs. 0.70 Cr with Charge ID 100745926 was registered on 10 Jul 2023.
Charges
A charge with Others amounted to Rs. 0.53 Cr with Charge ID 100745932 was registered on 10 Jul 2023.
45 earlier events are in the company report.
Frequently asked questions
Monarays Marine Services is an active private limited company based in Zuarinagar, Goa, India. The company works in cargo services, within the transport and logistics industry. It was incorporated on 19 April 2006 (20+ years old) and is registered under CIN U63032GA2006PTC004585.
Monarays Marine Services has 3 current directors:
- Bharat Seth - Managing Director
- Chetan Seth - Director
- Satish Seth - Director
The latest financial statements of Monarays Marine 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 Monarays Marine Services is 30AAECM6563D1ZT, registered in Goa. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAECM6563D1ZG (Maharashtra).
The CIN (Corporate Identification Number) of Monarays Marine Services is U63032GA2006PTC004585. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Monarays Marine Services has 6 court cases on record: 2 filed by the company and 4 filed against it.
Monarays Marine Services was incorporated on 19 April 2006, making it 20+ years old. It is registered with the Registrar of Companies, Goa.
Bharat Seth was appointed as Managing Director on 01 May 2006. Chetan Seth was appointed as Director on 19 Apr 2006. Satish Seth was appointed as Director on 19 Apr 2006.
Yes, Monarays Marine Services is registered as a small enterprise under Udyam registration (number: UDYAM-GA-02-0001659).
Monarays Marine Services can be reached through the website monarays.com. Its registered office is in Zuarinagar, Goa, India.
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