MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-18-0024137
Pace Express Private Limited - transport and logistics in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹156.49 Cr
▲ 72% YoY
Net profit · FY 2025
₹1.28 Cr
Net margin 0.8%
EBITDA · FY 2025
₹2.34 Cr
EBITDA margin 1.5%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹11 Lakh
Issued & subscribed
Open charges
₹17 Cr
Satisfied ₹1.13 Cr
Company age
27 yrs
Est. 1999
Employees · EPFO
89
Provident fund records
About Pace Express Private Limited
Data last updated:
Pace Express Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the express logistics segment of the transport and logistics sector. It was incorporated on 12 February 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U64120MH1999PTC118343. Its GSTIN is 27AABCP3141P1Z7 (Maharashtra). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹11 Lakh. It is led by directors including Chris John Gracias and Suhail Mohammed Syed.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹156.49 Cr, a growth of 72% compared to the previous year. For the same year it recorded a net profit of ₹1.28 Cr (net margin 0.8%) and EBITDA of ₹2.34 Cr (EBITDA margin 1.5%). Revenue has grown at a compounded annual rate (CAGR) of 71% over three years and 70% over five years.
The company has about 89 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹17 Cr and satisfied charges of ₹1.13 Cr on record. Court records list 9 cases involving the company, including 6 filed by the company and 3 filed against it; 8 cases are pending.
Pace Express Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-18-0024137). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website paceexp.com.
Company details
CIN U64120MH1999PTC118343
Registration Number 118343
Incorporation Date 12 February 1999
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-18-0024137
Key People
Chris John Gracias Director Suhail Mohammed Syed Director Mehjabeen Chris Gracias Director Recognitions & Rankings of Pace Express
Contact details
Pace Express Private Limited's registered office is in Mumbai, Maharashtra. Its website is paceexp.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBuilding No 1 First Floor Unit No 103, Sona Udyog Premises Csl Parsi Panchayat Road, Mumbai, Maharashtra, India – 400069
- IndustryTransport and Logistics, Express Logistics
To see the full contact details of Pace Express Private Limited, buy the company report.
Comprehensive company report
Pace Express 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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Business activity
The main business activity of Pace Express is transport and storage. In detail, this covers postal & courier activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H7 | Postal & Courier activities |
To see the full business activity and turnover split of Pace Express Private Limited, buy the company report.
Financials of Pace Express Private Limited
FY 2024 filings availablePace Express Private Limited reported revenue of ₹156.49 Cr (up 72% YoY) for FY 2025.
Revenue · FY 2025
₹156.49 Cr ▲ 72%
Net profit · FY 2025
₹1.28 Cr margin 0.8%
EBITDA · FY 2025
₹2.34 Cr margin 1.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 72%
3 years · compounded
▲ 71%
5 years · compounded
▲ 70%
EBITDA CAGR growth
1 year
▲ 36%
3 years · compounded
▲ 27%
5 years · compounded
▲ 32%
Revenue has grown at a compounded annual rate (CAGR) of 70% over five years, including 72% growth in the latest year. EBITDA rose 36% 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 | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹2.34 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.28 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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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 | 1.5% | ||||
| Net Profit Margin | 0.8% | ||||
| 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 Pace Express Private Limited, buy the company report.
Board of directors of Pace Express Private Limited
Pace Express has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chris John Gracias Also directs: Holiday Recreations Villas LLP, S2c International LLP, Pace Export (India) Private Limited and 3 more | Director | 12 Feb 1999 | 27 Years 8 Months | Current |
| Suhail Mohammed Syed | Director | 05 May 2016 | 10 Years 6 Months | Current |
| Mehjabeen Chris Gracias Also directs: Pace Export (India) Private Limited | Director | 09 May 2024 | 2 Years 5 Months | Current |
| Daphyne Chris Gracias | Director | 05 May 2016 | 10 Years 6 Months | Current |
Peer comparison
Pace Express Private Limited is compared with the 5 companies closest to it by revenue in the Transport and Logistics industry (Express Logistics), with the same principal business activity (postal & courier activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nimbuspost Private Limited | ₹180.93 Cr (FY 2025) | -18.0% | Delhi, India | |||
| Overnite Express Limited | ₹174.45 Cr (FY 2018) | 2.0% | New Delhi, Delhi, India | |||
| Pace Express Private Limitedthis company | ₹156.49 Cr (FY 2025) | ₹1.28 Cr | 0.8% | 72.0% | 89 | Mumbai, Maharashtra, India |
| Skart Global Express Private Limited | ₹147.68 Cr (FY 2025) | 88.0% | New Delhi, Delhi, India | |||
| Smart Express Private Limited | ₹132.48 Cr (FY 2024) | 71.0% | New Delhi, Delhi, India | |||
| Wedib Express Limited | ₹127.1 Cr (FY 2025) | 99.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Pace Express Private Limited, buy the company report.
Auditor
Pace Express Private Limited is audited by L D MOR & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| L D MOR & CO | FY 2023 | 139140W |
Shareholding
The shareholding of Pace Express 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 Pace Express Private Limited, buy the company report.
Charges & borrowings
Open charges
₹17 Cr
Satisfied charges
₹1.13 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 May 2025 | 101098750 | Others | ₹1 Cr | Open | |
| 01 Aug 2023 | 100806740 | Others | ₹1 Cr | Open | |
| 30 Jun 2023 | 100752178 | Others | ₹15 Cr | Open | |
| 23 Mar 2016 | 100018345 | Others | ₹95 Lakh | Satisfied | |
| 25 Sep 2002 | 80049022 | The Cosmos Co-Operative Bank Limited | ₹12 Lakh | Satisfied |
To see the full charge records of Pace Express Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Pace Express Private Limited has 9 court cases on record: 6 filed by Pace Express, 3 filed against it. 8 cases are pending and 1 is disposed.
Total cases
9
Filed by the company
6
Filed against the company
3
Pending
8
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 3 | 8 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Shri Ganapa Tech Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against MVK Ecommerce Pvt. Ltd. and 2 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Omm Shree Sai Services | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Summons For Judgement) | Filed against the company by an individual | Pending |
To see the full case history of Pace Express 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 Pace Express Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pace Express Private Limited has a workforce of 89 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
89
Active EPFO establishments
1
Employee growth
456.25%
GST
Pace Express has 4 GST registrations: 4 active.
Total GSTINs
4
Active
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCP3141P1Z7 | Maharashtra | Active | 01 Jul 2017 |
| 27AABCP3141P2Z6 | Maharashtra | Active | 17 Feb 2021 |
| 29AABCP3141P1Z3 | Karnataka | Active | 26 Dec 2021 |
| 30AABCP3141P1ZK | Goa | Active | 24 May 2023 |
To see the full GST registrations and return filing status of Pace Express Private Limited, buy the company report.
Recent activity
Pace Express Private Limited has 8 board changes on record since 1999: 4 appointments and 4 cessations. The latest: Mehjabeen Chris Gracias ceased to be Additional Director on 29 Sep 2024.
Charges
A charge with Others of Rs. 15.00 Cr registered on 30 Jun 2023 with Charge ID 100752178 was modified on 30 Jun 2025.
Charges
A charge with Others amounted to Rs. 1.00 Cr with Charge ID 101098750 was registered on 09 May 2025.
AGM
Pace Express Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Mehjabeen Chris Gracias ceased to be Additional Director.
Appointed
Mehjabeen Chris Gracias was appointed as Director.
Filing
Pace Express Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 1.00 Cr with Charge ID 100806740 was registered on 01 Aug 2023.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 100752178 was registered on 30 Jun 2023.
Charges
A charge registered on 23 Mar 2016 via Charge ID 100018345 with Others was fully satisfied on 26 Oct 2016.
Ceased
Daphyne Chris Gracias ceased to be Additional Director.
Ceased
Suhail Mohammed Syed ceased to be Additional Director.
Appointed
Daphyne Chris Gracias was appointed as Director.
9 earlier events are in the company report.
Frequently asked questions
Pace Express is an active private limited company based in Mumbai, Maharashtra, India. The company works in express logistics, within the transport and logistics industry. It was incorporated on 12 February 1999 (27+ years old) and is registered under CIN U64120MH1999PTC118343.
Pace Express has 4 current directors:
- Chris John Gracias - Director
- Suhail Mohammed Syed - Director
- Mehjabeen Chris Gracias - Director
- Daphyne Chris Gracias - Director
The latest financial statements of Pace Express on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Pace Express is 27AABCP3141P1Z7, registered in Maharashtra. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 27AABCP3141P2Z6 (Maharashtra), 29AABCP3141P1Z3 (Karnataka), 30AABCP3141P1ZK (Goa).
The CIN (Corporate Identification Number) of Pace Express is U64120MH1999PTC118343. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pace Express has 9 court cases on record: 6 filed by the company and 3 filed against it. 8 are pending.
Pace Express was incorporated on 12 February 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Pace Express by revenue are Nimbuspost Private Limited, Overnite Express Limited, Skart Global Express Private Limited, Smart Express Private Limited, Wedib Express Limited, all in the Transport and Logistics industry (Express Logistics), with the same principal business activity (postal & courier activities).
Mehjabeen Chris Gracias ceased to be Additional Director on 29 Sep 2024. Mehjabeen Chris Gracias was appointed as Director on 09 May 2024. Daphyne Chris Gracias ceased to be Additional Director on 21 Sep 2016. Pace Express has 8 board changes on record in total.
Yes, Pace Express is registered as an MSME under Udyam registration (number: UDYAM-MH-18-0024137).
Pace Express can be reached through the website paceexp.com. Its registered office is in Mumbai, Maharashtra, India.
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