MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2022-23)
- Udyam number
- UDYAM-KL-02-0002891
Gac Shipping (India) Private Limited - transport and logistics in Ernakulam, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹172.74 Cr
▼ 76% YoY
Net profit · FY 2024
₹2.47 Cr
Net margin 1.4%
EBITDA · FY 2024
₹4.56 Cr
EBITDA margin 2.6%
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹5.91 Cr
Issued & subscribed
Open charges
₹15.05 Cr
Satisfied ₹16.68 Cr
Company age
43 yrs
Est. 1983
Employees · EPFO
369
Provident fund records
About Gac Shipping (India) Private Limited
Data last updated:
Gac Shipping (India) Private Limited is a private limited company based in Ernakulam, Kerala, India, a subsidiary of Gulf Agency Company Limited. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 04 June 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U63090KL1983PTC003733. Its GSTIN is 32AABCG4164H1ZX (Kerala). The company holds 17 GST registrations, of which 13 are active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.91 Cr. It is led by directors including Ravi Narayanan Ramchandran (Managing Director) and Miriam Mathews (Whole-Time Director).
Its last annual general meeting (AGM) was held on 02 June 2025, and its latest financial statements are for the year ended 31 December 2024. The registered office is at G A C House Subramaniam Roadp B No 515 Willingdon Island, Ernakulam, Kerala, India – 682003.
As per the financials filed for FY 2024, the company reported a revenue of ₹172.74 Cr, a decline of 76% compared to the previous year. For the same year it recorded a net profit of ₹2.47 Cr (net margin 1.4%) and EBITDA of ₹4.56 Cr (EBITDA margin 2.6%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 1% over five years.
The company has about 369 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Fungac and GAC. As per MCA filings, the company has open charges of ₹15.05 Cr and satisfied charges of ₹16.68 Cr on record. Court records list 108 cases involving the company, including 66 filed by the company and 42 filed against it; 22 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹5.5 Cr; the latest was in August 2012. Its 3 peer companies in the Shipping industry (Shipping Services), with the same principal business activity (services incidental to land, water & air transportation) are compared by revenue, 2 larger and 1 smaller; the largest is Segal Port and Logistiks Limited with revenue of ₹185.16 Cr.
Gac Shipping (India) Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-02-0002891). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gac.com.
Company details
CIN U63090KL1983PTC003733
Registration Number 003733
Incorporation Date 04 June 1983
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Parent Company Gulf Agency Company Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KL-02-0002891
Key People
Ravi Narayanan Ramchandran Managing Director Miriam Mathews Whole-Time Director Anil K Menon Whole-Time Director Recognitions & Rankings of Gac Shipping (India)
Contact details
Gac Shipping (India) Private Limited's registered office is in Ernakulam, Kerala. Its website is gac.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressG A C House Subramaniam Roadp B No 515 Willingdon Island, Ernakulam, Kerala, India – 682003
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Gac Shipping (India) Private Limited, buy the company report.
Comprehensive company report
Gac Shipping (India) 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
Gac Shipping (India) operates two associated brands: Fungac and GAC. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides nutritional supplements for men and women. | fungac.com | |
| Multi-modal freight forwarding, shipping, and logistics services are provided. | gac.com |
Business activity
The main business activity of Gac Shipping (India) is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of Gac Shipping (India) Private Limited, buy the company report.
Financials of Gac Shipping (India) Private Limited
FY 2024 filings availableGac Shipping (India) Private Limited reported revenue of ₹172.74 Cr (down 76% YoY) for FY 2024.
Revenue · FY 2024
₹172.74 Cr ▼ 76%
Net profit · FY 2024
₹2.47 Cr margin 1.4%
EBITDA · FY 2024
₹4.56 Cr margin 2.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 76%
3 years · compounded
▼ 9%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▼ 53%
3 years · compounded
▼ 28%
5 years · compounded
▼ 33%
Revenue fell 76% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 53% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.56 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.47 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.6% | ||||
| Net Profit Margin | 1.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity 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 Gac Shipping (India) Private Limited, buy the company report.
Board of directors of Gac Shipping (India) Private Limited
Gac Shipping (India) has 7 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Miriam Mathews | Whole-Time Director | 01 Oct 2012 | 14 Years 1 Months | Current |
| Anil K Menon | Whole-Time Director | 24 Apr 1992 | 34 Years 6 Months | Current |
| Roy Mathews | Whole-Time Director | 06 Jul 1983 | 43 Years 4 Months | Current |
| Ravi Narayanan Ramchandran | Managing Director | 01 Jun 2023 | 3 Years 5 Months | Current |
| Sven Daniel Nordberg | Nominee Director | 01 Jan 2022 | 4 Years 10 Months | Current |
| Carl Pontus Fredriksson | Nominee Director | 01 Jan 2025 | 1 Years 10 Months | Current |
Showing 6 of 7 current directors. View all directors
Peer comparison
Gac Shipping (India) Private Limited is compared with the 3 companies closest to it by revenue in the Shipping industry (Shipping Services), with the same principal business activity (services incidental to land, water & air transportation), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Segal Port and Logistiks Limited | ₹185.16 Cr (FY 2025) | 9.0% | Gandhidham, Gujarat, India | |||
| Atlas Shipping Services Pvt Ltd | ₹183.22 Cr (FY 2025) | 5.0% | Kolkata, West Bengal, India | |||
| Gac Shipping (India) Private Limitedthis company | ₹172.74 Cr (FY 2024) | ₹2.47 Cr | 1.4% | -76.0% | 369 | Ernakulam, Kerala, India |
| Noatum Logistics India Private Limited | ₹163.88 Cr (FY 2025) | 62.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Gac Shipping (India) Private Limited, buy the company report.
Auditor
Gac Shipping (India) Private Limited is audited by Varma and Varma for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Varma and Varma | FY 2023 | 004532S |
Shareholding
The shareholding of Gac Shipping (India) 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 Gac Shipping (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹15.05 Cr
Satisfied charges
₹16.68 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Oct 2021 | 100494262 | Standard Chartered Bank | ₹5 Lakh | Open | |
| 06 Mar 2017 | 100087846 | Axis Bank Limited | ₹15 Cr | Open | |
| 14 Jul 2016 | 100081193 | Bank of India | ₹21.73 Lakh | Satisfied | |
| 30 Oct 2014 | 10530015 | Standard Chartered Bank | ₹7 Cr | Satisfied | |
| 06 Jan 2014 | 10472000 | Bank of India | ₹8.95 Lakh | Satisfied |
To see the full charge records of Gac Shipping (India) Private Limited, buy the company report.
Total charge records: 30 View all charges
Deals & funding
Gac Shipping (India) Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹5.5 Cr; the latest was in August 2012.
Total deals
2
Funding round
1
Secondary share transfer
1
Disclosed funding
₹5.5 Cr
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2012 | Funding round | ₹5.5 Cr | Investors: Gulf Agency Company Ltd, 3 individuals |
| Nov 2010 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Gac Shipping (India) Private Limited has 108 court cases on record: 66 filed by Gac Shipping (India), 42 filed against it. 22 cases are pending and 86 are disposed.
Total cases
108
Filed by the company
66
Filed against the company
42
Pending
22
Disposed
86
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 59 | 22 | 11 |
| District courts | 44 | 15 | 10 |
| Supreme Court | 5 | 5 | 1 |
Cases on record (5 of 108)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (COMAS) | Filed by the company against Librus Energy and Infrastructure Pvt Ltd and 1 other | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Librus Energy and Infrastructure Pvt Ltd and 1 other | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Scient Infra Pvt Ltd | Pending |
| Supreme Court | Court case (2002-Environmental Laws : Appeal under Section 22 of the National Green Tribunal Act, 2010) | Filed against the company by Adani Enterprises Ltd. Through Its Dy.General Manager Mr.Arvind Singhal Adani House, Near Mithakali Circle, Navarangpura , District: Ahmadabad , , Gujarat | Pending |
| District court, Calcutta, West Bengal | Court case (CN) | Filed against the company by Korp Gems (India) Pvt. Ltd. | Pending |
To see the full case history of Gac Shipping (India) 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 Gac Shipping (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Gac Shipping (India) Private Limited has a workforce of 369 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
369
Active EPFO establishments
1
Employee growth
0.8%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 369 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Gac Shipping (India) Private Limited, buy the company report.
GST
Gac Shipping (India) has 17 GST registrations: 13 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
17
Active
13
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AABCG4164H1ZX | Kerala | Active | 01 Jul 2017 |
| 32AABCG4164H2ZW | Kerala | Active | 24 Jul 2017 |
| 07AABCG4164H1ZQ | Delhi | Active | 01 Jul 2017 |
| 19AABCG4164H1ZL | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gac Shipping (India) Private Limited, buy the company report.
Recent activity
Gac Shipping (India) Private Limited has 24 board changes on record since 1983: 7 appointments and 17 cessations. The latest: Carl Pontus Fredriksson was appointed as Nominee Director on 01 Jan 2025.
AGM
Gac Shipping (India) Private Limited last Annual general meeting of members was held on 02 Jun 2025 as per latest MCA records.
Appointed
Carl Pontus Fredriksson was appointed as Nominee Director.
Filing
Gac Shipping (India) Private Limited has filed its annual Financial statements for the year ended 31 Dec 2024 with Roc Ernakulam.
Appointed
Ravi Narayanan Ramchandran was appointed as Managing Director.
Ceased
Goran Sven Erik Eriksson ceased to be Managing Director.
Charges
A charge with Axis Bank Limited of Rs. 15.00 Cr registered on 06 Mar 2017 with Charge ID 100087846 was modified on 29 Mar 2023.
Ceased
Sven Daniel Nordberg ceased to be Additional Director.
Charges
A charge registered on 14 Jul 2016 via Charge ID 100081193 with Bank Of India was fully satisfied on 23 Mar 2022.
Appointed
Sven Daniel Nordberg was appointed as Nominee Director.
Charges
A charge registered on 08 Jul 2010 via Charge ID 10229000 with Standard Chartered Bank was fully satisfied on 13 Dec 2021.
Charges
A charge registered on 17 Nov 2009 via Charge ID 10186416 with Standard Chartered Bank was fully satisfied on 13 Dec 2021.
Charges
A charge with Standard Chartered Bank amounted to Rs. 0.05 Cr with Charge ID 100494262 was registered on 26 Oct 2021.
76 earlier events are in the company report.
News
Frequently asked questions
Gac Shipping (India) is an active private limited company based in Ernakulam, Kerala, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 04 June 1983 (43+ years old) and is registered under CIN U63090KL1983PTC003733.
Gac Shipping (India) has 7 current directors:
- Ravi Narayanan Ramchandran - Managing Director
- Miriam Mathews - Whole-Time Director
- Anil K Menon - Whole-Time Director
- Roy Mathews - Whole-Time Director
- Sven Daniel Nordberg - Nominee Director
- Carl Pontus Fredriksson - Nominee Director
- Bengt Ake Ekstrand - Director
The latest financial statements of Gac Shipping (India) on record with the MCA are for the year ended 31 December 2024. Its last annual general meeting was held on 02 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Gac Shipping (India) is 32AABCG4164H1ZX, registered in Kerala. The company has 17 GST registrations in all, of which 13 are active and 4 are cancelled or inactive. Other active GSTINs include 32AABCG4164H2ZW (Kerala), 07AABCG4164H1ZQ (Delhi), 19AABCG4164H1ZL (West Bengal).
The CIN (Corporate Identification Number) of Gac Shipping (India) is U63090KL1983PTC003733. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gac Shipping (India) has 108 court cases on record: 66 filed by the company and 42 filed against it. 22 are pending. Most are in the high courts.
Gac Shipping (India) was incorporated on 04 June 1983, making it 43+ years old. It is registered with the Registrar of Companies, Ernakulam.
Gac Shipping (India) has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹5.5 Cr; the latest was in August 2012.
The peers of Gac Shipping (India) by revenue are Segal Port and Logistiks Limited, Atlas Shipping Services Pvt Ltd, Noatum Logistics India Private Limited, all in the Shipping industry (Shipping Services), with the same principal business activity (services incidental to land, water & air transportation).
Carl Pontus Fredriksson was appointed as Nominee Director on 01 Jan 2025. Ravi Narayanan Ramchandran was appointed as Managing Director on 01 Jun 2023. Goran Sven Erik Eriksson ceased to be Managing Director on 31 May 2023. Gac Shipping (India) has 24 board changes on record in total.
Yes, Gac Shipping (India) is registered as a medium enterprise under Udyam registration (number: UDYAM-KL-02-0002891).
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