About Ocean Sparkle Limited
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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 Unmesh Madhusudan Abhyankar.
Its last annual general meeting (AGM) was held on 22 June 2026, and its latest financial statements are for the year ended 31 March 2026. 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 ₹4 Cr and satisfied charges of ₹2,164.21 Cr on record. Court records list 85 cases involving the company, including 44 filed by the company and 41 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 4 peer companies in the Shipping industry (Shipping Services), with the same principal business activity (services incidental to land, water & air transportation) are compared by revenue, 4 larger; 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.
Company details
CIN history
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 |
Contact details
Ocean Sparkle Limited's registered office is in Daskroi, Gujarat. Its website is oceansparkle.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAdani Corporate House Shantigram, S. G. Highway Khodiyar, Ahmedabad, Gujarat, India – 382421
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Ocean Sparkle Limited, buy the company report.
- 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
Brands
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 |
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of Ocean Sparkle Limited, buy the company report.
Financials of Ocean Sparkle Limited
FY 2026 filings availableOcean Sparkle Limited reported revenue of ₹753.67 Cr (up 10% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Total Expenses | |||||
| EBITDA | ₹464.31 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹349.96 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| 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) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Ocean Sparkle Limited, buy the company report.
Board of directors of Ocean Sparkle Limited
Ocean Sparkle has 5 current directors and 40 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hiren Dhiraj Shah Also directs: Shanti Sagar International Dredging Limited, Ocean Sparkle Offshore Limited, Adani Harbour Services Limited and 3 more | Managing Director | 09 May 2022 | 4 Years 5 Months | Current |
| Unmesh Madhusudan Abhyankar Also directs: Kutch Railway Company Limited, Dholera Port and Special Economic Zone Limited, Dholera Infrastructure Private Ltd and 4 more | Director | 09 May 2022 | 4 Years 5 Months | Current |
| 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 3 Months | Current |
| Dipti Shah Also directs: Moxie Power Generation Limited, Mundra LPG Terminal Private Limited, Adani Bunkering Limited and 5 more | Director | 18 Jul 2022 | 4 Years 3 Months | Current |
| Pranav Sevantilal Vora Also directs: Adani Harbour Services Limited | Director | 28 Oct 2022 | 4 Years 0 Months | Current |
Peer comparison
Ocean Sparkle Limited is compared with the 4 companies closest to it by revenue in the Shipping industry (Shipping Services), with the same principal business activity (services incidental to land, water & air transportation), from the latest filed financials of each company.
| 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 | |||
| Ocean Sparkle Limitedthis company | ₹753.67 Cr (FY 2026) | ₹349.96 Cr | 46.4% | 10.0% | 324 | Ahmedabad, Gujarat, India |
| Lancer Container Lines Limited | ₹714.59 Cr (FY 2025) | 10.0% | Navi Mumbai, Maharashtra, India |
To see the full peer comparison of Ocean Sparkle Limited, buy the company report.
Auditor
Ocean Sparkle Limited is audited by S.B.Billimoria & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.B.Billimoria & Co. LLP | FY 2023 | AAY - 7397 |
Shareholding
The shareholding of Ocean Sparkle 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 Ocean Sparkle Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Jul 2014 | 10533160 | Hdfc Bank Limited | ₹4 Cr | Open | |
| 05 Jan 2026 | 101219853 | State Bank of India | ₹119 Cr | Satisfied | |
| 05 Jul 2021 | 100464126 | State Bank of India | ₹100 Cr | Satisfied | |
| 14 Jun 2021 | 100453931 | Axis Bank Limited | ₹26 Cr | Satisfied | |
| 19 Jan 2021 | 100414358 | Hdfc Bank Limited | ₹66 Cr | Satisfied |
To see the full charge records of Ocean Sparkle Limited, buy the company report.
Total charge records: 53 View all charges
Deals & funding
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 |
To see the full deal history of Ocean Sparkle 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
Ocean Sparkle Limited has 85 court cases on record: 44 filed by Ocean Sparkle, 41 filed against it. 27 cases are pending and 58 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 45 | 5 | 16 |
| District courts | 36 | 32 | 9 |
| NCLAT | 3 | 3 | 2 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 85)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Oil and Natural Gas Corporation Limited | Disposed |
| High Court, MAHARASHTRA | Court case (CARBP) | Filed by the company against Oil and Natural Gas Corporation Limited and Anr and 1 other | Disposed |
| High Court of Orissa | Writ petition | Filed against the company by M/S KSR Marine Services Pvt.Ltd. | Disposed |
| Bombay High Court | Court case (CARBP) | Filed by the company against Reliance Naval and Engineering Ltd. | Disposed |
| Bombay High Court | Court case (CARAP) | Filed by the company against Reliance Naval and Engineering Ltd. (Formerly Reliance Defence and Engineering Ltd.) and 1 other | Disposed |
To see the full case history of Ocean Sparkle 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.
Credit ratings & regulatory alerts
Ocean Sparkle Limited was last rated by Icra on 29 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 29 Apr 2022 |
To see the full credit ratings and regulatory alerts of Ocean Sparkle Limited, buy the company report.
MSME payment delays
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 |
To see the full MSME payment records of Ocean Sparkle Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
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 | |
| Sea Sparkle Harbour Services Limited | U74999TG2001PLC038164 | |
| Sparkle Terminal and Towage Services Limited | U74999TG2016PLC111655 |
To see the full group structure of Ocean Sparkle Limited, buy the company report.
Employees & EPFO
Ocean Sparkle Limited has a workforce of 324 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
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 |
To see the full GST registrations and return filing status of Ocean Sparkle Limited, buy the company report.
Recent activity
Ocean Sparkle Limited has 39 board changes on record since 2007: 5 appointments and 34 cessations. The latest: Pranav Sevantilal Vora ceased to be Additional Director on 21 Jul 2023.
170 earlier events are in the company report.
News
Frequently asked questions
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 has 5 current directors:
- Hiren Dhiraj Shah - Managing Director
- Unmesh Madhusudan Abhyankar - Director
- Jay Himatlal Shah - Director
- Dipti Shah - Director
- Pranav Sevantilal Vora - Director
The latest financial statements of Ocean Sparkle on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 22 June 2026. Year-wise statements from 2015 are in the company report.
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 85 court cases on record: 44 filed by the company and 41 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, Lancer Container Lines Limited, all in the Shipping industry (Shipping Services), with the same principal business activity (services incidental to land, water & air transportation).
Pranav Sevantilal Vora ceased to be Additional Director on 21 Jul 2023. Ramakrishna Vuppuluri ceased to be CFO on 31 Mar 2023. Pranav Sevantilal Vora was appointed as Director on 28 Oct 2022. Ocean Sparkle has 39 board changes on record in total.
Ocean Sparkle has 11 MSME Form 1 returns on record between 2019 and 2023, listing 151 overdue payments to 69 micro and small suppliers. The latest return was filed on 08 Nov 2023.
Ocean Sparkle can be reached through the website oceansparkle.com. Its registered office is in Ahmedabad, Gujarat, India.
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