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Smart Ship Innovative Solutions Limited - transport and logistics in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹84.02 Cr
▲ 40% YoY
Net profit · FY 2023
₹1.34 Cr
Net margin 1.6%
EBITDA · FY 2023
₹3.72 Cr
EBITDA margin 4.4%
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹5.65 Cr
Issued & subscribed
Open charges
₹16.98 Cr
Satisfied ₹2.8 Cr
Company age
7 yrs
Est. 2019
Employees · EPFO
149
Provident fund records
About Smart Ship Innovative Solutions Limited
Data last updated:
Smart Ship Innovative Solutions Limited is a public limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 10 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U63030KA2019PLC124222. Its GSTIN is 29ABCCS0407R1ZY (Karnataka). The company holds 7 GST registrations, all of them active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.65 Cr. It is led by directors including Sourav Mishra (Whole-Time Director) and Yanamala Gangadhar Reddy.
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 91 Springboard Business Hub No 512/10 Service Lane Outer Ring Road Mahadevapura, Bangalore, Karnataka, India – 560048.
As per the financials filed for FY 2023, the company reported a revenue of ₹84.02 Cr, a growth of 40% compared to the previous year. For the same year it recorded a net profit of ₹1.34 Cr (net margin 1.6%) and EBITDA of ₹3.72 Cr (EBITDA margin 4.4%). Revenue has grown at a compounded annual rate (CAGR) of 94% over three years.
The company has about 149 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Logicarts. As per MCA filings, the company has open charges of ₹16.98 Cr and satisfied charges of ₹2.8 Cr on record. Court records list 23 cases involving the company, including 23 filed against it; 20 cases are pending. The company has 7 deals on record (2 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2.61 Cr; the latest was in March 2025. Its 4 peer companies in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (land transport via road) are compared by revenue, 3 larger and 1 smaller; the largest is Flying Green Carriers Private Limited with revenue of ₹84.52 Cr.
Smart Ship Innovative Solutions Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0068111). For more details, the company can be reached via its website logicarts.in.
Company details
CIN U63030KA2019PLC124222
Registration Number 124222
Incorporation Date 10 May 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0068111
CIN history
Smart Ship Innovative Solutions has one previous CIN (Corporate Identification Number): U63030KA2019PTC124222. The current CIN is U63030KA2019PLC124222, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U63030KA2019PLC124222 | Current |
| U63030KA2019PTC124222 | Previous |
Key People
Sourav Mishra Whole-Time Director Yanamala Gangadhar Reddy Director Maddula Durga Sushma Director Recognitions & Rankings of Smart Ship Innovative Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0068111
Contact details
Smart Ship Innovative Solutions Limited's registered office is in Bangalore, Karnataka.
- Social Media
- Registered Address91 Springboard Business Hub No 512/10 Service Lane Outer Ring Road Mahadevapura, Bangalore, Karnataka, India – 560048
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
Comprehensive company report
Smart Ship Innovative Solutions 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
Smart Ship Innovative Solutions operates one associated brand: Logicarts. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates an online marketplace for trucking services. | logicarts.in |
Business activity
The main business activity of Smart Ship Innovative Solutions is transport and storage. In detail, this covers land transport via road.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road |
To see the full business activity and turnover split of Smart Ship Innovative Solutions Limited, buy the company report.
Financials of Smart Ship Innovative Solutions Limited
FY 2024 filings availableSmart Ship Innovative Solutions Limited reported revenue of ₹84.02 Cr (up 40% YoY) for FY 2023.
Revenue · FY 2023
₹84.02 Cr ▲ 40%
Net profit · FY 2023
₹1.34 Cr margin 1.6%
EBITDA · FY 2023
₹3.72 Cr margin 4.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 40%
3 years · compounded
▲ 94%
EBITDA CAGR growth
1 year
▲ 58%
3 years · compounded
▲ 108%
Revenue has grown at a compounded annual rate (CAGR) of 94% over three years, including 40% growth in the latest year. EBITDA rose 58% 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 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹84.02 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹3.72 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹1.34 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 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 4.4% | |||
| Net Profit Margin | 1.6% | |||
| 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 | ||||
To see the full financial statements and ratios of Smart Ship Innovative Solutions Limited, buy the company report.
Board of directors of Smart Ship Innovative Solutions Limited
Smart Ship Innovative Solutions has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yanamala Gangadhar Reddy Also directs: 3L Ventures Private Limited, Tracckle AI Solutions Private Limited | Director | 10 May 2019 | 7 Years 5 Months | Current |
| Maddula Durga Sushma Also directs: BKV Industries Limited, Coromandel Agro Products and Oils Limited, Bhavanapadu Port Development Corporation Limited and 2 more | Director | 22 Mar 2025 | 1 Years 7 Months | Current |
| Sourav Mishra Also directs: SRMS Supply Chain Solutions Private Limited | Whole-Time Director | 24 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Smart Ship Innovative Solutions Limited is compared with the 4 companies closest to it by revenue in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (land transport via road), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Flying Green Carriers Private Limited | ₹84.52 Cr (FY 2024) | -2.0% | Delhi, India | |||
| RM Infralogistics Private Limited | ₹84.24 Cr (FY 2025) | -53.0% | Kolkata, West Bengal, India | |||
| Nitco Logistics Private Limited | ₹84.19 Cr (FY 2025) | 8.0% | Jammu and Kashmir, India | |||
| Smart Ship Innovative Solutions Limitedthis company | ₹84.02 Cr (FY 2023) | ₹1.34 Cr | 1.6% | 40.0% | Bangalore, Karnataka, India | |
| Vinayak Bulk Movers Private Limited | ₹82.65 Cr (FY 2025) | 4.0% | Delhi, India |
To see the full peer comparison of Smart Ship Innovative Solutions Limited, buy the company report.
Charges & borrowings
Open charges
₹16.98 Cr
Satisfied charges
₹2.8 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Dec 2024 | 101031792 | Others | ₹2 Cr | Open | |
| 18 Jul 2023 | 100915669 | Hdfc Bank Limited | ₹23.14 Lakh | Open | |
| 05 Jul 2023 | 100752127 | Axis Bank Limited | ₹11 Cr | Open | |
| 18 May 2023 | 100819739 | Hdfc Bank Limited | ₹25 Lakh | Open | |
| 26 Nov 2021 | 100511617 | Others | ₹50 Lakh | Open |
To see the full charge records of Smart Ship Innovative Solutions Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Smart Ship Innovative Solutions Limited has 7 deals on record (2 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2.61 Cr; the latest was in March 2025.
Total deals
7
Rights issues
2
Funding rounds
2
Secondary share transfers
2
Debt financing
1
Disclosed funding
₹2.61 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Funding round | ₹1.03 Cr | Investors: 4 individuals |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2022 | Debt financing | ₹1.5 Cr | Investors: Karnation Fund I |
| May 2022 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Jul 2020 | Rights issue | ₹12 Lakh | Investors: 4 individuals |
To see the full deal history of Smart Ship Innovative Solutions Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Smart Ship Innovative Solutions Limited has 23 court cases on record: 23 filed against it. 20 cases are pending and 3 are disposed.
Total cases
23
Filed against the company
23
Pending
20
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 21 | 18 |
| High courts | 2 | 2 | 2 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North West, Delhi | Cheque dishonour complaint | Filed against the company by M/S RVK Facility Services Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Ltd | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Tata Capital Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by R R Enterprises | Pending |
| District court, Chennai, Tamil Nadu | Criminal case | Filed against the company by Indusind Bank Ltd. Rep by Mohanraj A | Pending |
To see the full case history of Smart Ship Innovative Solutions 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 Smart Ship Innovative Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Smart Ship Innovative Solutions has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.
Total GSTINs
7
Active
7
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29ABCCS0407R1ZY | Karnataka | Active | 02 Jul 2019 |
| 36ABCCS0407R1Z3 | Telangana | Active | 27 Feb 2020 |
| 33ABCCS0407R1Z9 | Tamil Nadu | Active | 27 Oct 2020 |
| 37ABCCS0407R1Z1 | Andhra Pradesh | Active | 08 Jun 2021 |
To see the full GST registrations and return filing status of Smart Ship Innovative Solutions Limited, buy the company report.
Recent activity
Smart Ship Innovative Solutions Limited has 5 board changes on record since 2019: 3 appointments and 2 cessations. The latest: Varalakshmi ceased to be Director on 03 Oct 2025.
Ceased
Varalakshmi ceased to be Director.
Appointed
Sourav Mishra was appointed as Whole-Time Director.
Appointed
Maddula Durga Sushma was appointed as Director.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 101031792 was registered on 23 Dec 2024.
AGM
Smart Ship Innovative Solutions Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Axis Bank Limited of Rs. 11.00 Cr registered on 05 Jul 2023 with Charge ID 100752127 was modified on 10 Jul 2024.
Filing
Smart Ship Innovative Solutions Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge registered on 24 Dec 2021 via Charge ID 100543237 with Others was fully satisfied on 10 Aug 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.23 Cr with Charge ID 100915669 was registered on 18 Jul 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 11.00 Cr with Charge ID 100752127 was registered on 05 Jul 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.25 Cr with Charge ID 100819739 was registered on 18 May 2023.
Charges
A charge with Others of Rs. 2.00 Cr registered on 28 Jul 2020 with Charge ID 100385069 was modified on 22 Apr 2022.
8 earlier events are in the company report.
Frequently asked questions
Smart Ship Innovative Solutions is an active public limited company based in Bangalore, Karnataka, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 10 May 2019 (7+ years old) and is registered under CIN U63030KA2019PLC124222.
Smart Ship Innovative Solutions has 3 current directors:
- Sourav Mishra - Whole-Time Director
- Yanamala Gangadhar Reddy - Director
- Maddula Durga Sushma - Director
The latest financial statements of Smart Ship Innovative Solutions 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 FY 2020 are in the company report.
The GSTIN of Smart Ship Innovative Solutions is 29ABCCS0407R1ZY, registered in Karnataka. The company has 7 GST registrations in all, of which 7 are active. Other active GSTINs include 36ABCCS0407R1Z3 (Telangana), 33ABCCS0407R1Z9 (Tamil Nadu), 37ABCCS0407R1Z1 (Andhra Pradesh).
The CIN (Corporate Identification Number) of Smart Ship Innovative Solutions is U63030KA2019PLC124222. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Smart Ship Innovative Solutions has 23 court cases on record: 23 filed against it. 20 are pending. Most are in the district courts.
Smart Ship Innovative Solutions was incorporated on 10 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Smart Ship Innovative Solutions has 7 deals on record (2 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2.61 Cr; the latest was in March 2025.
The peers of Smart Ship Innovative Solutions by revenue are Flying Green Carriers Private Limited, RM Infralogistics Private Limited, Nitco Logistics Private Limited, Vinayak Bulk Movers Private Limited, all in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (land transport via road).
Varalakshmi ceased to be Director on 03 Oct 2025. Sourav Mishra was appointed as Whole-Time Director on 24 Sep 2025. Maddula Durga Sushma was appointed as Director on 22 Mar 2025. Smart Ship Innovative Solutions has 5 board changes on record in total.
Yes, Smart Ship Innovative Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
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