Fortune MNC 500 India 2026 edition
Rank#317- Total income
- ₹1,503 Cr
- Profit
- ₹71 Cr
Last year #302
Ups Express Private Limited - transport and logistics in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1,813.79 Cr
▲ 21% YoY
Net profit · FY 2025
₹80.64 Cr
Net margin 4.4%
EBITDA · FY 2025
₹144.18 Cr
EBITDA margin 7.9%
Authorised capital
₹21 Cr
Registered with MCA
Paid-up capital
₹21 Cr
Issued & subscribed
Company age
26 yrs
Est. 2000
Directors on board
2
As per MCA filings
Active GSTINs
12
of 13 registered
About Ups Express Private Limited
Data last updated:
Ups Express Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Ups International Forwarding Inc. It operates in the express logistics segment of the transport and logistics sector. It was incorporated on 04 September 2000 and has been in existence for over 26 years.
Ups Express is ranked #317 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH2000PTC128519. Its GSTIN is 27AAACU4322N1Z6 (Maharashtra). The company holds 13 GST registrations, of which 12 are active.
The company has an authorised share capital of ₹21 Cr and a paid-up capital of ₹21 Cr. It was formerly known as Ups Jetair Express Private Limited. It is led by directors Jayesh Baheti and Heta Shah.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 6A Shyam Nagar Jogeshwari (East), Mumbai, Maharashtra, India – 400060.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,813.79 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹80.64 Cr (net margin 4.4%) and EBITDA of ₹144.18 Cr (EBITDA margin 7.9%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 29% over five years.
Court records list 318 cases involving the company, including 279 filed by the company and 39 filed against it; 40 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2019. Its 6 peer companies in the Transport and Logistics industry (Express Logistics), with the same principal business activity (postal & courier activities) are compared by revenue, 4 larger and 2 smaller; the largest is Fedex Express Transportation and Supply Chain Services (India) Private Limited with revenue of ₹4,664.6 Cr. The company has 18 MSME Form 1 returns on record between 2019 and 2023, listing 2,072 overdue payments to 136 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 ups.com.
Company details
CIN U99999MH2000PTC128519
Registration Number 128519
Incorporation Date 04 September 2000
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 24 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Ups International Forwarding Inc
Compliance Status Active Compliant
Key People
Jayesh Baheti Director Heta Shah Director Recognitions & Rankings of Ups Express
Contact details
Ups Express Private Limited's registered office is in Mumbai, Maharashtra. Its website is ups.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address6A Shyam Nagar Jogeshwari (East), Mumbai, Maharashtra, India – 400060
- IndustryTransport and Logistics, Express Logistics
To see the full contact details of Ups Express Private Limited, buy the company report.
Comprehensive company report
Ups 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 Ups 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 Ups Express Private Limited, buy the company report.
Financials of Ups Express Private Limited
FY 2025 filings availableUps Express Private Limited reported revenue of ₹1,813.79 Cr (up 21% YoY) for FY 2025.
Revenue · FY 2025
₹1,813.79 Cr ▲ 21%
Net profit · FY 2025
₹80.64 Cr margin 4.4%
EBITDA · FY 2025
₹144.18 Cr margin 7.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 21%
3 years · compounded
▲ 11%
5 years · compounded
▲ 29%
EBITDA CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 10%
5 years · compounded
▲ 19%
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 21% growth in the latest year. EBITDA rose 10% 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 | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹144.18 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹80.64 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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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 | 7.9% | ||||
| Net Profit Margin | 4.4% | ||||
| 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 Ups Express Private Limited, buy the company report.
Board of directors of Ups Express Private Limited
Ups Express has 2 current directors and 37 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayesh Baheti | Director | 08 Sep 2021 | 5 Years 1 Months | Current |
| Heta Shah | Director | 26 Dec 2022 | 3 Years 9 Months | Current |
Peer comparison
Ups Express Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Fedex Express Transportation and Supply Chain Services (India) Private Limited | ₹4,664.6 Cr (FY 2025) | 48.0% | Mumbai, Maharashtra, India | |||
| Busybees Logistics Solutions Private Limited | ₹2,960.86 Cr (FY 2025) | 1.0% | Pune, Maharashtra, India | |||
| DTDC Express Limited | ₹2,471.65 Cr (FY 2025) | 10.0% | Bangalore, Karnataka, India | |||
| Ecom Express Limited | ₹2,407.75 Cr (FY 2025) | -9.0% | New Delhi, Delhi, India | |||
| Ups Express Private Limitedthis company | ₹1,813.79 Cr (FY 2025) | ₹80.64 Cr | 4.4% | 21.0% | Mumbai, Maharashtra, India | |
| Shree Maruti Integrated Logistics Limited | ₹833.92 Cr (FY 2025) | 22.0% | Rajkot, Gujarat, India | |||
| Sri Balaji Max Mail Private Limited | ₹658.02 Cr (FY 2025) | 21.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Ups Express Private Limited, buy the company report.
Auditor
Ups Express Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2023 | 117366W/W-100018 |
Shareholding
The shareholding of Ups 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 Ups Express Private Limited, buy the company report.
Deals & funding
Ups Express Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2019.
Total deals
1
Secondary share transfer
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: UPS International Inc, UPS International Forwarding Inc Seller: Jetair Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ups Express Private Limited has 318 court cases on record: 279 filed by Ups Express, 39 filed against it. 40 cases are pending and 278 are disposed.
Total cases
318
Filed by the company
279
Filed against the company
39
Pending
40
Disposed
278
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 281 | 29 | 31 |
| High courts | 35 | 10 | 8 |
| Supreme Court | 1 | 0 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 318)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed by the company against B Y Expert Private Limited and 1 other | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed by the company against B Y Expert Private Limited and 4 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed by the company against Hitaishi Kreativ Kraft Udyog Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed by the company against M/S Arvino Accessories Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed by the company against M/S Abile Casa Private Limited and 2 others | Pending |
To see the full case history of Ups 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
Ups Express Private Limited has 18 MSME Form 1 returns on record between 2019 and 2023, listing 2,072 overdue payments to 136 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 136)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Frontline Forwarders and Carriers Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Cargo Channels Private Limited |
To see the full MSME payment records of Ups Express Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Ups Express has 13 GST registrations: 12 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
13
Active
12
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACU4322N1Z6 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACU4322N2Z5 | Maharashtra | Active | 05 Jun 2018 |
| 03AAACU4322N1ZG | Punjab | Active | 01 Jul 2017 |
| 06AAACU4322N1ZA | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ups Express Private Limited, buy the company report.
Recent activity
Ups Express Private Limited has 38 board changes on record since 2008: 2 appointments and 36 cessations. The latest: Heta Shah ceased to be Additional Director on 27 Sep 2023.
AGM
Ups Express Private Limited last Annual general meeting of members was held on 24 Sep 2025 as per latest MCA records.
Filing
Ups Express Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Ceased
Heta Shah ceased to be Additional Director.
Appointed
Heta Shah was appointed as Director.
Ceased
Deepak Kumar Shrivastava ceased to be Director.
Ceased
Jayesh Baheti ceased to be Additional Director.
Ceased
Rachid Fergati ceased to be Managing Director.
Appointed
Jayesh Baheti was appointed as Director.
Ceased
Jean Francois Condamine Rene Joseph ceased to be Director.
Ceased
Ravindra Muthanna Shetty ceased to be Additional Director.
Ceased
Muralikrishnan Ramiah ceased to be Director.
Ceased
Rami Ramiz Suleiman ceased to be Director.
29 earlier events are in the company report.
News
Frequently asked questions
Ups 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 04 September 2000 (26+ years old) and is registered under CIN U99999MH2000PTC128519.
Ups Express has 2 current directors:
- Jayesh Baheti - Director
- Heta Shah - Director
The latest financial statements of Ups Express on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ups Express is 27AAACU4322N1Z6, registered in Maharashtra. The company has 13 GST registrations in all, of which 12 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACU4322N2Z5 (Maharashtra), 03AAACU4322N1ZG (Punjab), 06AAACU4322N1ZA (Haryana).
The CIN (Corporate Identification Number) of Ups Express is U99999MH2000PTC128519. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ups Express has 318 court cases on record: 279 filed by the company and 39 filed against it. 40 are pending. Most are in the district courts.
Ups Express was incorporated on 04 September 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Ups Express has 1 deal on record (1 secondary share transfer); the latest was in March 2019.
The peers of Ups Express by revenue are Fedex Express Transportation and Supply Chain Services (India) Private Limited, Busybees Logistics Solutions Private Limited, DTDC Express Limited, Ecom Express Limited, Shree Maruti Integrated Logistics Limited and 1 more, all in the Transport and Logistics industry (Express Logistics), with the same principal business activity (postal & courier activities).
Heta Shah ceased to be Additional Director on 27 Sep 2023. Heta Shah was appointed as Director on 26 Dec 2022. Deepak Kumar Shrivastava ceased to be Director on 03 Jun 2022. Ups Express has 38 board changes on record in total.
Ups Express has 18 MSME Form 1 returns on record between 2019 and 2023, listing 2,072 overdue payments to 136 micro and small suppliers. The latest return was filed on 14 Dec 2023.
Ups Express can be reached through the website ups.com. Its registered office is in Mumbai, Maharashtra, India.