About Damco India Private Limited
Data last updated:
Damco India Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of Maersk Logistics & Services International A/S. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 20 March 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63000MH2009FTC191085. Its GSTIN is 27AAHCA6078Q1ZW (Maharashtra). The company holds 13 GST registrations, of which 11 are active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Apm Global Logistics India Private Limited. It is led by directors including Vikash Agarwal and Kothandaraman Jaibhaskar.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Unit No. 401 & 402 Godrej Two Pirojshanagar Eastern Express Highway Vikhroli (East), Mumbai, Maharashtra, India – 400079.
As per the financials filed for FY 2023, the company reported a revenue of ₹1,416.04 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹9.34 Cr (net margin 0.7%) and EBITDA of ₹22.4 Cr (EBITDA margin 1.6%). Revenue has grown at a compounded annual rate (CAGR) of 19% over five years.
The company has about 540 employees on its provident fund (EPFO) records.
Court records list 128 cases involving the company, including 67 filed by the company and 61 filed against it; 27 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in March 2023. Its 3 peer companies in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (services incidental to land, water & air transportation) are compared by revenue, 1 larger and 2 smaller; the largest is Sar Transport Systems Private Limited with revenue of ₹1,465.13 Cr. The company has 35 MSME Form 1 returns on record between 2018 and 2023, listing 226 overdue payments to 45 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website damco.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressUnit No. 401 & 402 Godrej Two Pirojshanagar Eastern Express Highway Vikhroli (East), Mumbai, Maharashtra, India – 400079
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
- 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
Business Activity
The main business activity of Damco India is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Damco India Private Limited
FY 2023 filings availableDamco India Private Limited reported revenue of ₹1,416.04 Cr (up 7% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 7% growth in the latest year. EBITDA rose 84% 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 2022-23 | FY 2018-19 to FY 2021-22in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | ₹1,416.04 Cr | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | ₹22.4 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹9.34 Cr | |
| 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
| Metrics | FY 2022-23 | FY 2018-19 to FY 2021-22in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 1.6% | |
| Net Profit Margin | 0.7% | |
| 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, and every line for FY 2018-19 to FY 2021-22, 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 Damco India are in the company report.
: available in the company report
Board of Directors of Damco India Private Limited
Damco India has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kothandaraman Jaibhaskar | Additional Director | 01 Oct 2023 | 3 Years 0 Months | Current |
| Thierno Maadjou Bah Also directs: LF Logistics (India) Private Limited, Star Track Terminals Private Limited, Apm Terminals India Private Limited and 2 more | Additional Director | 05 Jan 2024 | 2 Years 9 Months | Current |
| Vikash Agarwal Also directs: Scan Global Logistics (in) Private Limited | Director | 01 Apr 2021 | 5 Years 6 Months | Current |
Peer Comparison
Damco India Private Limited is compared with the companies closest to it by revenue in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (services incidental to land, water & air transportation). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sar Transport Systems Private Limited | ₹1,465.13 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | Mumbai, Maharashtra, India |
| Damco India Private Limited this company | ₹1,416.04 Cr (FY 2023) | •••• | •••• | 7.0% | •••• | Mumbai, Maharashtra, India |
| Avana Logistek Limited | ₹1,397.69 Cr (FY 2024) | •••• | •••• | -20.0% | •••• | Mumbai, Maharashtra, India |
| Gautam Freight Pvt Ltd | ₹1,225.49 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Gandhidham, Gujarat, India |
Peers are the companies nearest to Damco India by revenue, above and below it, in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (services incidental to land, water & air transportation), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
Damco India Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Price Waterhouse Chartered Accountants LLP | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Damco India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding
Damco India Private Limited has 2 deals on record (2 secondary share transfers); the latest was in March 2023.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Maersk Logistics & Services International As Seller: Damco Netherlands Bv |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Damco Netherlands Bv & Jesper Cyril Jorgensen, Damco Netherlands Bv Seller: Apm Global Logistics Netherlands Bv, Apm Global Logistics Netherlands Bv & Jesper Cyril Jorgensen |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
Damco India Private Limited has 128 court cases on record: 67 filed by Damco India, 61 filed against it. 27 cases are pending and 101 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 67 | 23 | 18 |
| High courts | 57 | 38 | 9 |
| NCLT | 3 | 0 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 128)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Noma Infrastructure Pvt Ltd | Pending |
| High Court | Arbitration matter | Filed against the company by Gokaldas Images Private Limited | Pending |
| High Court, TAMIL NADU | Court case (AS) | Filed against the company by M/S.Ecovinal International Pvt Ltd | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by M/S.Ecovinal International Pvt Ltd | Pending |
| District court, Vadodara, Gujarat | Civil suit | Filed against the company by Koshambh Multitred Pvt Ltd Through Mr. Rajendran K.R. | Pending |
: available in 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
Damco India Private Limited has 35 MSME Form 1 returns on record between 2018 and 2023, listing 226 overdue payments to 45 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 45)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Kale Logistics Solutions Private Limited | •••• | •••• | •••• |
| SSK Smart Move Logistics Private Limited | •••• | •••• | •••• |
| Pyra Infraengitech Services India Private Limited | •••• | •••• | •••• |
| Royal Translines Pvt.Ltd | •••• | •••• | •••• |
| Lizma Logistics Private Limited | •••• | •••• | •••• |
: available in the company report
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance
Damco India Private Limited has a workforce of 540 employees as of Apr 06, 2024.
: available in the company report
Recent Activity
Damco India Private Limited has 17 board changes on record since 2013: 3 appointments and 14 cessations. The latest: Thierno Maadjou Bah was appointed as Additional Director on 05 Jan 2024.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Damco India has 13 GST registrations: 11 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCA6078Q1ZW | Maharashtra | Active | 01 Jul 2017 |
| 06AAHCA6078Q1Z0 | Haryana | Active | 01 Jul 2017 |
| 19AAHCA6078Q1ZT | West Bengal | Active | 01 Jul 2017 |
| 24AAHCA6078Q1Z2 | Gujarat | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Related news
Frequently Asked Questions
Damco India is an active foreign private limited company based in Mumbai, Maharashtra, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 20 March 2009 (17+ years old) and is registered under CIN U63000MH2009FTC191085.
Damco India has 3 current directors:
- Kothandaraman Jaibhaskar - Additional Director
- Thierno Maadjou Bah - Additional Director
- Vikash Agarwal - Director
The latest financial statements of Damco India on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Damco India is 27AAHCA6078Q1ZW, registered in Maharashtra. The company has 13 GST registrations in all, of which 11 are active and 2 are cancelled or inactive. Other active GSTINs include 06AAHCA6078Q1Z0 (Haryana), 19AAHCA6078Q1ZT (West Bengal), 24AAHCA6078Q1Z2 (Gujarat).
The CIN (Corporate Identification Number) of Damco India is U63000MH2009FTC191085. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Damco India has 128 court cases on record: 67 filed by the company and 61 filed against it. 27 are pending. Most are in the district courts.
Damco India was incorporated on 20 March 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
Damco India has 2 deals on record (2 secondary share transfers); the latest was in March 2023.
The peers of Damco India by revenue are Sar Transport Systems Private Limited, Avana Logistek Limited, Gautam Freight Pvt Ltd, all in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (services incidental to land, water & air transportation).
Thierno Maadjou Bah was appointed as Additional Director on 05 Jan 2024. Kothandaraman Jaibhaskar was appointed as Additional Director on 01 Oct 2023. Nidhi Arora ceased to be Additional Director on 30 Sep 2022. Damco India has 17 board changes on record in total.
Damco India has 35 MSME Form 1 returns on record between 2018 and 2023, listing 226 overdue payments to 45 micro and small suppliers. The latest return was filed on 11 Jan 2024.
Damco India can be reached through the website damco.com. Its registered office is in Mumbai, Maharashtra, India.