MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-02-0090434
Montane Shipping Private Limited - transport and logistics in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹51.98 Cr
▼ 49% YoY
Net profit · FY 2024
₹3.96 Cr
Net margin 7.6%
EBITDA · FY 2024
₹5.99 Cr
EBITDA margin 11.5%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹30 Lakh
Satisfied ₹24 Lakh
Company age
22 yrs
Est. 2004
Employees · EPFO
71
Provident fund records
About Montane Shipping Private Limited
Data last updated:
Montane Shipping Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 08 November 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U63012TN2004PTC054612. Its GSTIN is 33AAECM0886H1ZH (Tamil Nadu). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Venkatesh Dhandapani Santhana and Sanjeevi Padmanabhan.
Its last annual general meeting (AGM) was held on 23 June 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.108/64 Arinian Streetchotholic Centre II Floor Chennai – 1, Tamil Nadu, India – 600001.
As per the financials filed for FY 2024, the company reported a revenue of ₹51.98 Cr, a decline of 49% compared to the previous year. For the same year it recorded a net profit of ₹3.96 Cr (net margin 7.6%) and EBITDA of ₹5.99 Cr (EBITDA margin 11.5%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 14% over five years.
The company has about 71 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Montane Shipping. As per MCA filings, the company has open charges of ₹30 Lakh and satisfied charges of ₹24 Lakh on record. Court records list 16 cases involving the company, including 4 filed by the company and 12 filed against it; 8 cases are pending.
Montane Shipping Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0090434). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website montaneshipping.com.
Company details
CIN U63012TN2004PTC054612
Registration Number 054612
Incorporation Date 08 November 2004
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 23 June 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TN-02-0090434
Key People
Venkatesh Dhandapani Santhana Director Sanjeevi Padmanabhan Director Shriprakash Krishnadeo Tiwari Director Recognitions & Rankings of Montane Shipping
Contact details
Montane Shipping Private Limited's registered office is in Chennai, Tamil Nadu. Its website is montaneshipping.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.108/64 Arinian Streetchotholic Centre II Floor Chennai – 1, Tamil Nadu, India – 600001
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Montane Shipping Private Limited, buy the company report.
Comprehensive company report
Montane Shipping 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
Montane Shipping operates one associated brand: Montane Shipping. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides multi-modal shipping solutions via sea, air, rail, and road for industry supply chains. | montaneshipping.com |
Business activity
The main business activity of Montane Shipping is transport and storage. In detail, this covers warehousing and storage.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H6 | Warehousing and storage |
To see the full business activity and turnover split of Montane Shipping Private Limited, buy the company report.
Financials of Montane Shipping Private Limited
FY 2024 filings availableMontane Shipping Private Limited reported revenue of ₹51.98 Cr (down 49% YoY) for FY 2024.
Revenue · FY 2024
₹51.98 Cr ▼ 49%
Net profit · FY 2024
₹3.96 Cr margin 7.6%
EBITDA · FY 2024
₹5.99 Cr margin 11.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 49%
3 years · compounded
▲ 21%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▼ 60%
3 years · compounded
▲ 69%
5 years · compounded
▲ 25%
Revenue fell 49% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA fell 60% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Revenue from Operations | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹5.99 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.96 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.5% | ||||
| Net Profit Margin | 7.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Montane Shipping Private Limited, buy the company report.
Board of directors of Montane Shipping Private Limited
Montane Shipping has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatesh Dhandapani Santhana | Director | 01 Oct 2019 | 7 Years 1 Months | Current |
| Sanjeevi Padmanabhan | Director | 22 Jan 2022 | 4 Years 9 Months | Current |
| Shriprakash Krishnadeo Tiwari Also directs: Tac Enterprises Private Limited | Director | 22 Jan 2022 | 4 Years 9 Months | Current |
| Gururagavendran Mrithica | Director | 17 Aug 2024 | 2 Years 2 Months | Current |
| Subbarayan Padmanabhan | Director | 30 Jun 2006 | 20 Years 4 Months | Current |
Shareholding
The shareholding of Montane Shipping Private Limited 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 Montane Shipping Private Limited, buy the company report.
Charges & borrowings
Open charges
₹30 Lakh
Satisfied charges
₹24 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Oct 2011 | 10314384 | Syndicate Bank | ₹30 Lakh | Open | |
| 14 Nov 2008 | 10136540 | Syndicate Bank | ₹8 Lakh | Satisfied | |
| 27 Jul 2006 | 10011518 | Syndicate Bank | ₹16 Lakh | Satisfied |
To see the full charge records of Montane Shipping Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Montane Shipping Private Limited has 16 court cases on record: 4 filed by Montane Shipping, 12 filed against it. 8 cases are pending and 8 are disposed.
Total cases
16
Filed by the company
4
Filed against the company
12
Pending
8
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 6 | 6 | 5 |
| High courts | 4 | 1 | 3 |
| NCLT | 4 | 3 | 0 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Company appeal | Filed against the company by an individual | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by individuals | Pending |
| Madras High Court | Writ petition | Filed by the company against Assistant Commissioner of Income Tax | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Assistant Commissioner of Income Tax | Pending |
| High Court, KARNATAKA | Court case (MFA) | Filed against the company by individuals | Pending |
To see the full case history of Montane Shipping 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 Montane Shipping Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Montane Shipping Private Limited has a workforce of 71 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
71
Active EPFO establishments
1
Employee growth
1.43%
GST
Montane Shipping has 4 GST registrations: 4 active.
Total GSTINs
4
Active
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECM0886H1ZH | Tamil Nadu | Active | 01 Jul 2017 |
| 27AAECM0886H1ZA | Maharashtra | Active | 01 Jul 2017 |
| 29AAECM0886H1Z6 | Karnataka | Active | 06 Jul 2017 |
| 07AAECM0886H1ZC | Delhi | Active | 23 Jul 2017 |
To see the full GST registrations and return filing status of Montane Shipping Private Limited, buy the company report.
Recent activity
Montane Shipping Private Limited has 11 board changes on record since 2006: 5 appointments and 6 cessations. The latest: Gururagavendran Mrithica ceased to be Additional Director on 27 Oct 2024.
AGM
Montane Shipping Private Limited last Annual general meeting of members was held on 23 Jun 2025 as per latest MCA records.
Ceased
Gururagavendran Mrithica ceased to be Additional Director.
Appointed
Gururagavendran Mrithica was appointed as Director.
Filing
Montane Shipping Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Appointed
Sanjeevi Padmanabhan was appointed as Director.
Appointed
Shriprakash Krishnadeo Tiwari was appointed as Director.
Ceased
Shriprakash Krishnadeo Tiwari ceased to be Additional Director.
Ceased
Sanjeevi Padmanabhan ceased to be Additional Director.
Ceased
Venkatesh Dhandapani Santhana ceased to be Additional Director.
Ceased
Mahalakshmi Mandurai Bhimrao ceased to be Director.
Appointed
Venkatesh Dhandapani Santhana was appointed as Director.
Ceased
Guru Ragavendran Padmanabhan ceased to be Managing Director.
7 earlier events are in the company report.
Frequently asked questions
Montane Shipping is an active private limited company based in Chennai, Tamil Nadu, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 08 November 2004 (22+ years old) and is registered under CIN U63012TN2004PTC054612.
Montane Shipping has 5 current directors:
- Venkatesh Dhandapani Santhana - Director
- Sanjeevi Padmanabhan - Director
- Shriprakash Krishnadeo Tiwari - Director
- Gururagavendran Mrithica - Director
- Subbarayan Padmanabhan - Director
The latest financial statements of Montane Shipping on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 23 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Montane Shipping is 33AAECM0886H1ZH, registered in Tamil Nadu. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 27AAECM0886H1ZA (Maharashtra), 29AAECM0886H1Z6 (Karnataka), 07AAECM0886H1ZC (Delhi).
The CIN (Corporate Identification Number) of Montane Shipping is U63012TN2004PTC054612. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Montane Shipping has 16 court cases on record: 4 filed by the company and 12 filed against it. 8 are pending. Most are in the nclat.
Montane Shipping was incorporated on 08 November 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chennai.
Gururagavendran Mrithica ceased to be Additional Director on 27 Oct 2024. Gururagavendran Mrithica was appointed as Director on 17 Aug 2024. Sanjeevi Padmanabhan was appointed as Director on 22 Jan 2022. Montane Shipping has 11 board changes on record in total.
Yes, Montane Shipping is registered as a small enterprise under Udyam registration (number: UDYAM-TN-02-0090434).
Montane Shipping can be reached through the website montaneshipping.com. Its registered office is in Chennai, Tamil Nadu, India.
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