About Ocean Sparkle Limited
Data last updated:
Ocean Sparkle Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 26 July 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U05005GJ1995PLC152226. Its GSTIN is 24AAACO2519H1ZS (Gujarat). The company holds 14 GST registrations, all of them active.
The company has an authorised share capital of ₹101.5 Cr and a paid-up capital of ₹21.65 Cr. It was formerly known as Ocean Sparkle Private Limited. It is led by directors including Hiren Dhiraj Shah (Managing Director) and Jay Himatlal Shah.
Its last annual general meeting (AGM) was held on 23 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2026, the company reported a revenue of ₹753.67 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹349.96 Cr (net margin 46.4%) and EBITDA of ₹464.31 Cr (EBITDA margin 61.6%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 3% over five years.
The company has about 324 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: Ocean Company Services Limited. As per MCA filings, the company has open charges of ₹201.64 Cr and satisfied charges of ₹1,847.57 Cr on record. Court records list 84 cases involving the company, including 44 filed by the company and 32 filed against it; 27 cases are pending. The company has 19 deals on record (15 secondary share transfers, 3 funding rounds, 1 debt financing), with disclosed funding of ₹204.24 Cr; the latest was in January 2023. Its 10 peer companies in the Shipping industry (Shipping Services) are compared by revenue, 5 larger and 5 smaller; the largest is Rishi Shipping India Private Limited with revenue of ₹926.69 Cr. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 151 overdue payments to 69 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 oceansparkle.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressAdani Corporate House Shantigram, S. G. Highway Khodiyar, Ahmedabad, Gujarat, India – 382421
- IndustryTransport and Logistics, Shipping & Maritime Services
- 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
- One PDF report, delivered after checkout
Business Activity of Ocean Sparkle Limited
The main business activity of Ocean Sparkle is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Ocean Sparkle Limited FY 2025 filings available
Ocean Sparkle Limited reported revenue of ₹753.67 Cr (up 10% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR) of Ocean Sparkle Limited
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 10% 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 of Ocean Sparkle Limited
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| 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 | ₹464.31 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹349.96 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 of Ocean Sparkle Limited
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 61.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 46.4% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ocean Sparkle are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Ocean Sparkle Limited
Ocean Sparkle Limited is compared with the companies closest to it by revenue in the Shipping industry (Shipping Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rishi Shipping India Private Limited | ₹926.69 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Gandhidham, Gujarat, India |
| Cogoport Private Limited | ₹877.71 Cr (FY 2024) | •••• | •••• | -26.0% | •••• | Mumbai, Maharashtra, India |
| Bothra Shipping Services Private Limited | ₹832.62 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Kolkata, West Bengal, India |
| LMCS Maritime Private Limited | ₹769.88 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Mumbai, Maharashtra, India |
| Ocean Sparkle Limited this company | ₹753.67 Cr (FY 2026) | •••• | •••• | 10.0% | •••• | Ahmedabad, Gujarat, India |
| Lancer Container Lines Limited Listed | ₹714.59 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Navi Mumbai, Maharashtra, India |
| Triumph Offshore Private Limited | ₹646.9 Cr (FY 2024) | •••• | •••• | 217.0% | •••• | Ahmedabad, Gujarat, India |
| Hazoor Multi Projects Limited Listed | ₹643.67 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Mumbai, Maharashtra, India |
| Trans Asian Shipping Services Pvt Ltd | ₹623.53 Cr (FY 2025) | •••• | •••• | 54.0% | •••• | Kochi, Kerala, India |
| Goodrich Maritime Private Limited | ₹616.93 Cr (FY 2024) | •••• | •••• | -17.0% | •••• | Mumbai, Maharashtra, India |
| Shreeji Shipping Global Limited | ₹586.84 Cr (FY 2025) | •••• | •••• | •••• | Kalavad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Ocean Sparkle by revenue in the Shipping industry (Shipping Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ocean Sparkle Limited
Ocean Sparkle Limited is audited by S.B.Billimoria & Co. LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.B.Billimoria & Co. LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Ocean Sparkle Limited
Ocean Sparkle Limited currently reports 5 directors and 1 key managerial person. 40 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jay Himatlal Shah Also directs: Alipurduar Transmission Limited, Amaya Exim Private Limited, Adani Logistics Services Limited and 3 more | Director | 18 Jul 2022 | 4 Years 2 Months | Current |
| Unmesh Madhusudan Abhyankar | Director | 09 May 2022 | 4 Years 5 Months | Current |
| Giriraj Somani Also directs: Seed Biocoat Private Limited, Seed Biocoat Private Limited, Sarwa Projects Private Limited and 5 more | Cfo | 28 Jul 2025 | 1 Years 2 Months | Current |
| Pranav Sevantilal Vora Also directs: Adani Harbour Services Limited | Director | 28 Oct 2022 | 3 Years 11 Months | Current |
| Hiren Dhiraj Shah Also directs: Ocean Sparkle Offshore Limited, Adani Harbour Services Limited, Adani Kandla Bulk Terminal Private Limited and 2 more | Managing Director | 09 May 2022 | 4 Years 5 Months | Current |
| Dipti Yogesh Shah Also directs: Mundra LPG Terminal Private Limited, Surya Vidyut Limited, Adani Bunkering Limited and 5 more | Director | 18 Jul 2022 | 4 Years 2 Months | Current |
Ownership and Shareholding of Ocean Sparkle Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ocean Sparkle Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Jul 2014 | Hdfc Bank Limited | ₹4 Cr | Open |
| 11 Oct 2012 | State Bank of India | ₹197.64 Cr | Open |
| 05 Jul 2021 | State Bank of India | ₹100 Cr | Satisfied |
| 14 Jun 2021 | Axis Bank Limited | ₹26 Cr | Satisfied |
| 19 Jan 2021 | Hdfc Bank Limited | ₹66 Cr | Satisfied |
Total charge records: 52 View all charges
Deals & Funding of Ocean Sparkle Limited
Ocean Sparkle Limited has 19 deals on record (15 secondary share transfers, 3 funding rounds, 1 debt financing), with disclosed funding of ₹204.24 Cr; the latest was in January 2023.
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2023 | Debt financing | ₹21.5 Cr | Investors: Savi Jana Sea Foods Pvt Ltd |
| Jul 2022 | Secondary share transfer | Undisclosed | Buyer: Adani Harbour Services Limited Seller: Vigneshwara Holdings Limited |
| May 2022 | Secondary share transfer | Undisclosed | Buyer: Adani Harbour Services Limited , The Adani Harbour Services Limited & Janmejay Bhatt, The Adani Harbour Services Limited & Jaymeen M Patel Seller: an individual |
| May 2022 | Secondary share transfer | Undisclosed | Buyer: Adani Harbour Services Limited Seller: 2 individuals |
| May 2022 | Secondary share transfer | Undisclosed | Buyer: Adani Harbour Services Limited Seller: Standard Chartered Private Equity, KAUP Capital, Park Equity Holdings Limited |
Full deal history
All 19 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Ocean Sparkle Limited
Ocean Sparkle Limited has 84 court cases on record: 44 filed by Ocean Sparkle, 32 filed against it, 8 where it is another party. 27 cases are pending and 57 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 45 | 0 | 16 |
| District courts | 36 | 29 | 9 |
| NCLAT | 3 | 3 | 2 |
Cases on record (5 of 84)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CARBP) | Filed by the company against Oil and Natural Gas Corporation Limited | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Oil and Natural Gas Corporation Limited | Disposed |
| Bombay High Court | Court case (CARBP) | Filed by the company against Swan Defence and Heavy Industries Limited | Disposed |
| Bombay High Court | Court case (CARAP) | Filed by the company against Swan Defence and Heavy Industries Limited and 1 other | Disposed |
| High Court for State of Telangana | Arbitration matter | Filed by the company against Swan Defence and Heavy Industries Limited | Disposed |
Full case history
All 84 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Ocean Sparkle Limited
Ocean Sparkle Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 151 overdue payments to 69 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 69)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Liftechniques | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| TCT Ventures Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 11 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Ocean Sparkle Limited
Ocean Sparkle operates one associated brand: OCEAN COMPANY SERVICES LIMITED. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Port operations, management, and dredging services are provided in India. | oceansparkle.com |
Employees and EPFO Compliance at Ocean Sparkle Limited
Ocean Sparkle Limited has a workforce of 324 employees as of Mar 30, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Ocean Sparkle Limited
Ocean Sparkle has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Sparkle Port Services Limited | U61100TG2011PLC073174 | Locked |
| Sea Sparkle Harbour Services Limited | U74999TG2001PLC038164 | Locked |
| Sparkle Terminal And Towage Services Limited | U74999TG2016PLC111655 | Locked |
Showing major subsidiaries. Total: 3.
CIN History of Ocean Sparkle Limited
Ocean Sparkle has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U05005GJ1995PLC152226, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U05005GJ1995PLC152226 | Current |
| U05005AP1995PLC021217 | Previous |
| U05005TG1995PLC021217 | Previous |
News related to Ocean Sparkle Limited
Recent Activity on Ocean Sparkle Limited
Ocean Sparkle Limited has 40 board changes on record since 2007: 6 appointments and 34 cessations. The latest: Giriraj Somani was appointed as CFO on 28 Jul 2025.
168 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ocean Sparkle Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ocean Sparkle Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ocean Sparkle Limited
Ocean Sparkle has 14 GST registrations: 14 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACO2519H1ZS | Gujarat | Active | 01 Jul 2017 |
| 21AAACO2519H1ZY | Odisha | Active | 01 Jul 2017 |
| 27AAACO2519H1ZM | Maharashtra | Active | 01 Jul 2017 |
| 29AAACO2519H1ZI | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ocean Sparkle Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ocean Sparkle Limited
Ocean Sparkle is an active public limited company based in Ahmedabad, Gujarat, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 26 July 1995 (31+ years old) and is registered under CIN U05005GJ1995PLC152226.
Ocean Sparkle reported revenue of ₹753.67 Cr for FY 2026 (up 10% YoY).
Ocean Sparkle has 6 current directors and KMP:
- Hiren Dhiraj Shah - Managing Director
- Jay Himatlal Shah - Director
- Unmesh Madhusudan Abhyankar - Director
- Pranav Sevantilal Vora - Director
- Dipti Yogesh Shah - Director
- Giriraj Somani - Cfo
Ocean Sparkle reported a net profit of ₹349.96 Cr (net margin 46.4%) and EBITDA of ₹464.31 Cr (EBITDA margin 61.6%) for FY 2026, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ocean Sparkle is 6% over three years and 3% over five years. In the latest year (FY 2026) revenue rose 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ocean Sparkle is 24AAACO2519H1ZS, registered in Gujarat. The company has 14 GST registrations in all, of which 14 are active. Other active GSTINs include 21AAACO2519H1ZY (Odisha), 27AAACO2519H1ZM (Maharashtra), 29AAACO2519H1ZI (Karnataka).
The CIN (Corporate Identification Number) of Ocean Sparkle is U05005GJ1995PLC152226. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ocean Sparkle has 84 court cases on record: 44 filed by the company and 32 filed against it. 27 are pending. Most are in the high courts.
Ocean Sparkle was incorporated on 26 July 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ocean Sparkle has 19 deals on record (15 secondary share transfers, 3 funding rounds, 1 debt financing), with disclosed funding of ₹204.24 Cr; the latest was in January 2023.
The peers of Ocean Sparkle by revenue are Rishi Shipping India Private Limited, Cogoport Private Limited, Bothra Shipping Services Private Limited, LMCS Maritime Private Limited, Lancer Container Lines Limited and 5 more, all in the Shipping industry (Shipping Services).
Giriraj Somani was appointed as CFO on 28 Jul 2025. Pranav Sevantilal Vora ceased to be Additional Director on 21 Jul 2023. Ramakrishna Vuppuluri ceased to be CFO on 31 Mar 2023. Ocean Sparkle has 40 board changes on record in total.