India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,028 Krishna Kotak & family ₹2,600 Cr
Nitto Baxi Private Limited
Nitto Baxi Private Limited - transport and logistics in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Active Private Limited Company transport and logistics
Revenue · FY 2025
₹1.4 Lakh
▲ 5% YoY
Net profit · FY 2025
₹54,810
Net margin 39.1%
EBITDA · FY 2025
₹74,070
EBITDA margin 52.8%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Company age
13 yrs
Est. 2013
Directors on board
8
As per MCA filings
Active GSTINs
2
GST registered
About Nitto Baxi Private Limited
Data last updated:
Nitto Baxi Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 18 December 2013 and has been in existence for over 13 years.
Its director Krishna Kotak and family are #1,028 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U60231MH2013PTC251161. Its GSTIN is 27AAFCB7578N1ZW (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹10 Lakh. It was formerly known as Bharat K Logistics Private Limited. It is led by directors including Krishna Bhagwan Kotak and Hiroshi Shoichi Mikita.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C – 1001 10th Floor Marathon Futurex N. M. Joshi Mafatlal Mills Compound, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.4 Lakh, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹54,810 (net margin 39.1%) and EBITDA of ₹74,070 (EBITDA margin 52.8%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 4% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U60231MH2013PTC251161
Registration Number 251161
Incorporation Date 18 December 2013
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Recognitions & Rankings of Nitto Baxi
Contact details
Nitto Baxi Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressC – 1001 10th Floor Marathon Futurex N. M. Joshi Mafatlal Mills Compound, Mumbai, Maharashtra, India – 400013
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Nitto Baxi Private Limited, buy the company report.
Comprehensive company report
Nitto Baxi 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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Financials of Nitto Baxi Private Limited
FY 2025 filings availableNitto Baxi Private Limited reported revenue of ₹1.4 Lakh (up 5% YoY) for FY 2025.
Revenue · FY 2025
₹1.4 Lakh ▲ 5%
Net profit · FY 2025
₹54,810 margin 39.1%
EBITDA · FY 2025
₹74,070 margin 52.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 8%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 22%
5 years · compounded
▲ 147%
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 5% growth in the latest year. EBITDA rose 12% 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 |
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| EBITDA | ₹74,070 | ||||
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| Net Profit (PAT) | ₹54,810 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 52.8% | ||||
| Net Profit Margin | 39.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Nitto Baxi Private Limited, buy the company report.
Board of directors of Nitto Baxi Private Limited
Nitto Baxi has 8 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishna Bhagwan Kotak Also directs: United Liner Shipping Services LLP, Fundalogical Ventures Growth LLP, Fundalogical Ventures Investment Management LLP and 5 more | Director | 18 Dec 2013 | 12 Years 10 Months | Current |
| Hiroshi Shoichi Mikita | Director | 11 Aug 2022 | 4 Years 2 Months | Current |
| Takeshi Sutani | Director | 01 Dec 2021 | 4 Years 10 Months | Current |
| Yogesh Balkrishna Shah | Director | 02 Nov 2020 | 5 Years 11 Months | Current |
| Rajnish Kumar Khandelwal | Director | 27 Jun 2025 | 1 Years 3 Months | Current |
| Motoshi Murakami | Director | 29 Mar 2018 | 8 Years 6 Months | Current |
Showing 6 of 8 current directors. View all directors
Auditor
Nitto Baxi Private Limited is audited by KAPADIA ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAPADIA ASSOCIATES | FY 2021 | 112711W |
Shareholding
The shareholding of Nitto Baxi Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Nitto Baxi Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Nitto Baxi Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nitto Baxi Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nitto Baxi Private Limited has 1 active EPFO establishment as of Apr 05, 2024.
Active EPFO establishments
1
GST
Nitto Baxi has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCB7578N1ZW | Maharashtra | Active | 01 Jul 2017 |
| 07AAFCB7578N1ZY | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nitto Baxi Private Limited, buy the company report.
Recent activity
Nitto Baxi Private Limited has 23 board changes on record since 2013: 8 appointments and 15 cessations. The latest: Norihiko Sakata was appointed as Additional Director on 12 Dec 2025.
Appointed
Norihiko Sakata was appointed as Additional Director.
Appointed
Takamasa Soejima was appointed as Additional Director.
AGM
Nitto Baxi Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Rajnish Kumar Khandelwal ceased to be Additional Director.
Appointed
Rajnish Kumar Khandelwal was appointed as Director.
Ceased
Dhruv Krishna Kotak ceased to be Director.
Filing
Nitto Baxi Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Hiroshi Shoichi Mikita ceased to be Additional Director.
Ceased
Takeshi Sutani ceased to be Additional Director.
Appointed
Hiroshi Shoichi Mikita was appointed as Director.
Ceased
Mitsuru Kochi ceased to be Director.
Appointed
Takeshi Sutani was appointed as Director.
14 earlier events are in the company report.
Frequently asked questions
Nitto Baxi is an active private limited company based in Mumbai, Maharashtra, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 18 December 2013 (13+ years old) and is registered under CIN U60231MH2013PTC251161.
Nitto Baxi has 8 current directors:
- Krishna Bhagwan Kotak - Director
- Hiroshi Shoichi Mikita - Director
- Takeshi Sutani - Director
- Yogesh Balkrishna Shah - Director
- Rajnish Kumar Khandelwal - Director
- Motoshi Murakami - Director
- Takamasa Soejima - Additional Director
- Norihiko Sakata - Additional Director
The latest financial statements of Nitto Baxi on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nitto Baxi is 27AAFCB7578N1ZW, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 07AAFCB7578N1ZY (Delhi).
The CIN (Corporate Identification Number) of Nitto Baxi is U60231MH2013PTC251161. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nitto Baxi was incorporated on 18 December 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Norihiko Sakata was appointed as Additional Director on 12 Dec 2025. Takamasa Soejima was appointed as Additional Director on 12 Dec 2025. Rajnish Kumar Khandelwal ceased to be Additional Director on 29 Sep 2025. Nitto Baxi has 23 board changes on record in total.
The registered office of Nitto Baxi is at C – 1001 10th Floor Marathon Futurex N. M. Joshi Mafatlal Mills Compound, Mumbai, Maharashtra, India – 400013.
Nitto Baxi operates in the transport and logistics industry, in the shipping and maritime services segment.
The compliance status of Nitto Baxi is compliant as of 16 July 2026. The company is actively filing with the Registrar of Companies.