India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,202 Karan Paul ₹2,000 Cr
Revenue · FY 2025
₹306.35 Cr
▼ 18% YoY
Net loss · FY 2025
₹136.11 Cr
Net margin -44.4%
EBITDA · FY 2025
₹3.09 Cr
EBITDA margin 1%
Authorised capital
₹12 Cr
Registered with MCA
Paid-up capital
₹3.5 Cr
Issued & subscribed
Open charges
₹1,267.45 Cr
Satisfied ₹2,610.75 Cr
Company age
78 yrs
Est. 1948
Employees · EPFO
30
Provident fund records
About Apeejay Shipping Ltd
Data last updated:
Apeejay Shipping Ltd is a public limited company based in Kolkata, West Bengal, India. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 25 August 1948 and has been in existence for over 78 years.
Its director Karan Paul is #1,202 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U60231WB1948PLC023608. Its GSTIN is 19AADCS7605P1ZQ (West Bengal).
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹3.5 Cr. It was formerly known as The Surrendra (Overseas) Limited and The Surrendra (Overseas) Private Limited. It is led by directors including Karan Paul and Asesh Jyoti Dutta.
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 15 Park Street Apeejay House, Kolkata, West Bengal, India – 700016.
As per the financials filed for FY 2025, the company reported a revenue of ₹306.35 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net loss of ₹136.11 Cr (net margin -44.4%) and EBITDA of ₹3.09 Cr (EBITDA margin 1%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years.
The company has about 30 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 2 brands: The Park Hotels and Apeejayshipping. As per MCA filings, the company has open charges of ₹1,267.45 Cr and satisfied charges of ₹2,610.75 Cr on record. Court records list 53 cases involving the company, including 36 filed by the company and 17 filed against it; 11 cases are pending. The company has 3 deals on record (3 secondary share transfers); the latest was in February 2009. Its 4 peer companies in the Shipping industry (Shipping Services), with the same principal business activity (water transport) are compared by revenue, 2 larger and 2 smaller; the largest is Mahi Marine Private Limited with revenue of ₹324.87 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website apeejayshipping.com.
Company details
CIN U60231WB1948PLC023608
Registration Number 023608
Incorporation Date 25 August 1948
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Name history
Apeejay Shipping has undergone 2 name changes throughout its history. The company was previously known as The Surrendra (Overseas) Limited, and The Surrendra (Overseas) Private Limited. The current legal name is Apeejay Shipping Ltd.
| Company Name | Status |
|---|---|
| Apeejay Shipping Ltd | Current |
| The Surrendra (Overseas) Limited | Previous |
| The Surrendra (Overseas) Private Limited | Previous |
CIN history
Apeejay Shipping has one previous CIN (Corporate Identification Number): U99999WB1948PLC023608. The current CIN is U60231WB1948PLC023608, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U60231WB1948PLC023608 | Current |
| U99999WB1948PLC023608 | Previous |
Recognitions & Rankings of Apeejay Shipping
Contact details
Apeejay Shipping Ltd's registered office is in Kolkata, West Bengal. Its website is apeejayshipping.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address15 Park Street Apeejay House, Kolkata, West Bengal, India – 700016
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Apeejay Shipping Ltd, buy the company report.
Comprehensive company report
Apeejay Shipping 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
Apeejay Shipping operates two associated brands: The Park Hotels and Apeejayshipping. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Five-star luxury and boutique hotels are operated in India. | theparkhotels.com | |
| apeejayshipping.com |
Business activity
The main business activity of Apeejay Shipping is transport and storage. In detail, this covers water transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H3 | Water transport |
To see the full business activity and turnover split of Apeejay Shipping Ltd, buy the company report.
Financials of Apeejay Shipping Ltd
FY 2025 filings availableApeejay Shipping Ltd reported revenue of ₹306.35 Cr (down 18% YoY) for FY 2025.
Revenue · FY 2025
₹306.35 Cr ▼ 18%
Net loss · FY 2025
₹136.11 Cr margin -44.4%
EBITDA · FY 2025
₹3.09 Cr margin 1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 18%
3 years · compounded
▼ 13%
EBITDA CAGR growth
1 year
▼ 97%
3 years · compounded
▼ 78%
5 years · compounded
▼ 53%
Revenue has declined at a compounded annual rate (CAGR) of 13% over three years, including a 18% fall in the latest year. EBITDA fell 97% 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 | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹3.09 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹136.11 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
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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 | 1% | ||||
| Net Profit Margin | -44.4% | ||||
| 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 Apeejay Shipping Ltd, buy the company report.
Board of directors of Apeejay Shipping Ltd
Apeejay Shipping has 4 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 |
|---|---|---|---|---|
| Karan Paul Also directs: Apeejay Logistics LLP, Apeejay Surrendra Park Hotels Limited, Apeejay Tea Limited and 5 more | Director | 11 Aug 1992 | 34 Years 2 Months | Current |
| Asesh Jyoti Dutta Also directs: Apeejay Tea Limited, Apeejay Infra-Logistics Private Limited., Machino Polymers Limited and 5 more | Director | 04 Apr 2022 | 4 Years 7 Months | Current |
| Sabyasachi Hajara Also directs: Adani Hazira Port Limited, Seaways Shipping and Logistics Limited | Director | 01 Aug 2020 | 6 Years 3 Months | Current |
| Priya Paul | Director | 30 Mar 2015 | 11 Years 7 Months | Current |
Peer comparison
Apeejay Shipping Ltd is compared with the 4 companies closest to it by revenue in the Shipping industry (Shipping Services), with the same principal business activity (water transport), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mahi Marine Private Limited | ₹324.87 Cr (FY 2025) | 128.0% | Navi Mumbai, Maharashtra, India | |||
| Varun Resources Limited | ₹316.4 Cr (FY 2016) | 531.0% | Mumbai, Maharashtra, India | |||
| Apeejay Shipping Ltdthis company | ₹306.35 Cr (FY 2025) | -₹136.11 Cr | -44.4% | -18.0% | 30 | Kolkata, West Bengal, India |
| Poompuhar Shipping Corpn Limited | ₹290.71 Cr (FY 2022) | 11.0% | Chennai, Tamil Nadu, India | |||
| Amns Shipping & Logistics Private Limited | ₹284.5 Cr (FY 2025) | 31.0% | Hazira, Gujarat, India |
To see the full peer comparison of Apeejay Shipping Ltd, buy the company report.
Auditor
Apeejay Shipping Ltd is audited by LODHA & CO LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LODHA & CO LLP | FY 2024 | 301051E/E300284 |
Shareholding
The shareholding of Apeejay Shipping Ltd is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Apeejay Shipping Ltd, buy the company report.
Charges & borrowings
Open charges
₹1,267.45 Cr
Satisfied charges
₹2,610.75 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jul 2026 | 101330569 | Others | ₹4.99 Cr | Open | |
| 25 Jun 2026 | 101324653 | Hdfc Bank Limited | ₹5.97 Cr | Open | |
| 19 May 2026 | 101300653 | Hdfc Bank Limited | ₹53 Cr | Open | |
| 20 Jan 2026 | 101225886 | Hdfc Bank Limited | ₹32.63 Lakh | Open | |
| 09 Jan 2026 | 101218403 | Others | ₹83 Cr | Open |
To see the full charge records of Apeejay Shipping Ltd, buy the company report.
Total charge records: 61 View all charges
Deals & funding
Apeejay Shipping Ltd has 3 deals on record (3 secondary share transfers); the latest was in February 2009.
Total deals
3
Secondary share transfers
3
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2009 | Secondary share transfer | Undisclosed | Buyer: Apeejay Surendra Trust Seller: an individual |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: Apeejay Surendra Trust Seller: Apeejay Surendra Corporate Services Private Limited |
| Feb 2007 | Secondary share transfer | Undisclosed | Buyer: Steel-Crete Private Limited Seller: Apeejay Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Apeejay Shipping Ltd has 53 court cases on record: 36 filed by Apeejay Shipping, 17 filed against it. 11 cases are pending and 42 are disposed.
Total cases
53
Filed by the company
36
Filed against the company
17
Pending
11
Disposed
42
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 33 | 10 | 2 |
| District courts | 17 | 5 | 8 |
| Supreme Court | 3 | 2 | 1 |
Cases on record (5 of 53)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ernakulam, Kerala | Arbitration matter | Filed by the company against Cochin Shipyard Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Ankush Properties Pvt Ltd | Pending |
| High Court | Civil suit | Filed by the company against Bharati Shipyard Limited & Ors. | Pending |
| High Court, TAMIL NADU | Arbitration matter | Filed by the company against Poompuhar Shipping Corporation Ltd | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed against the company by M/S Cochin Shipyard Ltd | Disposed |
To see the full case history of Apeejay Shipping 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.
Credit ratings & regulatory alerts
Apeejay Shipping Ltd was last rated by Icra on 29 Jul 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 29 Jul 2019 |
To see the full credit ratings and regulatory alerts of Apeejay Shipping Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Apeejay Shipping Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Apeejay Shipping has 4 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
4
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Bengal Shipyard Limited | U35111WB2007PLC116261 | |
| Apeejay Logistics Park Private Limited | U60200WB2008PTC121406 | |
| Oceanic Shipyard Limited | U61100WB2008PLC121530 | |
| Apeejay Infra-Logistics Private Limited. | U65923WB2005PTC102911 |
To see the full group structure of Apeejay Shipping Ltd, buy the company report.
Employees & EPFO
Apeejay Shipping Ltd has a workforce of 30 employees on its EPFO records as of Jan 08, 2025, across 2 active EPFO establishments.
Employee count
30
Active EPFO establishments
2
Employee growth
-3.23%
GST
Apeejay Shipping has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AADCS7605P1ZQ | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Apeejay Shipping Ltd, buy the company report.
Recent activity
Apeejay Shipping Ltd has 12 board changes on record since 1992: 4 appointments and 8 cessations. The latest: Asesh Jyoti Dutta was appointed as Director on 04 Apr 2022.
Charges
A charge with Others amounted to Rs. 4.99 Cr with Charge ID 101330569 was registered on 10 Jul 2026.
Charges
A charge with Hdfc Bank Limited of Rs. 53.00 Cr registered on 19 May 2026 with Charge ID 101300653 was modified on 29 Jun 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 5.97 Cr with Charge ID 101324653 was registered on 25 Jun 2026.
Charges
A charge registered on 18 Mar 2021 via Charge ID 100428112 with Hdfc Bank Limited was fully satisfied on 30 May 2026.
Charges
A charge registered on 19 Dec 2020 via Charge ID 100405391 with Others was fully satisfied on 25 May 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 53.00 Cr with Charge ID 101300653 was registered on 19 May 2026.
Charges
A charge with Hdfc Bank Limited of Rs. 81.90 Cr registered on 28 Oct 2025 with Charge ID 101186892 was modified on 27 Jan 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.33 Cr with Charge ID 101225886 was registered on 20 Jan 2026.
Charges
A charge with Others amounted to Rs. 83.00 Cr with Charge ID 101218403 was registered on 09 Jan 2026.
Charges
A charge with Others amounted to Rs. 83.00 Cr with Charge ID 101218408 was registered on 09 Jan 2026.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 101218564 was registered on 09 Jan 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 81.90 Cr with Charge ID 101186892 was registered on 28 Oct 2025.
122 earlier events are in the company report.
Frequently asked questions
Apeejay Shipping is an active public limited company based in Kolkata, West Bengal, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 25 August 1948 (78+ years old) and is registered under CIN U60231WB1948PLC023608.
Apeejay Shipping has 4 current directors:
- Karan Paul - Director
- Asesh Jyoti Dutta - Director
- Sabyasachi Hajara - Director
- Priya Paul - Director
The latest financial statements of Apeejay Shipping 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 Apeejay Shipping is 19AADCS7605P1ZQ, registered in West Bengal.
The CIN (Corporate Identification Number) of Apeejay Shipping is U60231WB1948PLC023608. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Apeejay Shipping has 53 court cases on record: 36 filed by the company and 17 filed against it. 11 are pending. Most are in the high courts.
Apeejay Shipping was incorporated on 25 August 1948, making it 78+ years old. It is registered with the Registrar of Companies, Kolkata.
Apeejay Shipping has 3 deals on record (3 secondary share transfers); the latest was in February 2009.
The peers of Apeejay Shipping by revenue are Mahi Marine Private Limited, Varun Resources Limited, Poompuhar Shipping Corpn Limited, Amns Shipping & Logistics Private Limited, all in the Shipping industry (Shipping Services), with the same principal business activity (water transport).
Asesh Jyoti Dutta was appointed as Director on 04 Apr 2022. Ashok Kumar Jain ceased to be Director on 12 Mar 2022. Ramakanta Rath ceased to be Director on 16 Mar 2021. Apeejay Shipping has 12 board changes on record in total.
Apeejay Shipping can be reached through the website apeejayshipping.com. Its registered office is in Kolkata, West Bengal, India.
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