About Overnite Express Limited
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Overnite Express Limited is a public limited company based in New Delhi, Delhi, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the express logistics segment of the transport and logistics sector. It was incorporated on 27 November 1986.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U64120DL1986PLC026209. Its GSTIN is 30AAACO3758L1ZF (Goa). The company holds 10 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹42.25 Lakh. It was formerly known as Overnite Express Private Limited. It is led by directors including Om Prakash Rajgarhia (Managing Director) and Harsh Vardhan Rajgarhia (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Overnite House11099 – C East Park Road, New Delhi, Delhi, India – 110005.
As per the financials filed for FY 2018, the company reported a revenue of ₹174.45 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹2.84 Cr (net margin 1.6%) and EBITDA of ₹13.25 Cr (EBITDA margin 7.6%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years.
The company has about 60 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹44.26 Cr and satisfied charges of ₹1.48 Cr on record. Court records list 268 cases involving the company, including 84 filed by the company and 184 filed against it; 73 cases are pending.
The last known website on record is overnitenet.com.
Company details
Contact details
Overnite Express Limited's registered office is in New Delhi, Delhi. Its website is overnitenet.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressOvernite House11099 – C East Park Road, New Delhi, Delhi, India – 110005
- IndustryTransport and Logistics, Express Logistics
To see the full contact details of Overnite Express 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
Business activity
The main business activity of Overnite 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 Overnite Express Limited, buy the company report.
Financials of Overnite Express Limited
FY 2018 filings availableOvernite Express Limited reported revenue of ₹174.45 Cr (up 2% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 2% over three years, including 2% growth in the latest year. EBITDA rose 63% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹174.45 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹13.25 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹2.84 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 7.6% | |||
| 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 Overnite Express Limited, buy the company report.
Board of directors of Overnite Express Limited
Overnite Express has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harsh Vardhan Rajgarhia Also directs: Anita Lifestyle Udyog LLP | Whole-Time Director | 07 Jan 2011 | 15 Years 9 Months | As last reported |
| Om Prakash Rajgarhia | Managing Director | 13 Dec 2002 | 23 Years 10 Months | As last reported |
| Anita Rajgarhia | Whole-Time Director | 07 Jan 2010 | 16 Years 9 Months | As last reported |
Peer comparison
Overnite Express Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Nexgen Logistics Private Limited | ₹214.85 Cr (FY 2025) | 14.0% | Hyderabad, Telangana, India | |||
| Index Logistics Private Limited | ₹210.54 Cr (FY 2025) | -15.0% | Mumbai, Maharashtra, India | |||
| Nimbuspost Private Limited | ₹180.93 Cr (FY 2025) | -18.0% | Delhi, India | |||
| Overnite Express Limitedthis company | ₹174.45 Cr (FY 2018) | ₹2.84 Cr | 1.6% | 2.0% | 60 | New Delhi, Delhi, India |
| Pace Express Private Limited | ₹156.49 Cr (FY 2025) | 72.0% | Mumbai, Maharashtra, India | |||
| Skart Global Express Private Limited | ₹147.68 Cr (FY 2025) | 88.0% | New Delhi, Delhi, India |
To see the full peer comparison of Overnite Express Limited, buy the company report.
Auditor
Overnite Express Limited is audited by GREEN & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GREEN & CO | FY 2018 | 304030E |
Shareholding
The shareholding of Overnite Express Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Overnite Express Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 May 2019 | 100276752 | Tata Capital Financial Services Limited | ₹5 Cr | Open | |
| 30 Nov 2018 | 100245740 | Others | ₹12.8 Cr | Open | |
| 30 Nov 2018 | 100244191 | Others | ₹6 Cr | Open | |
| 30 Mar 2010 | 10215412 | Yes Bank Limited | ₹9.5 Cr | Open | |
| 19 Dec 2009 | 10200638 | Standard Chartered Bank | ₹10.96 Cr | Open |
To see the full charge records of Overnite Express Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Overnite Express Limited has 268 court cases on record: 84 filed by Overnite Express, 184 filed against it. 73 cases are pending and 195 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 221 | 168 | 65 |
| High courts | 39 | 11 | 7 |
| Supreme Court | 3 | 0 | 0 |
| NCLT | 3 | 3 | 0 |
| NCLAT | 2 | 2 | 1 |
Cases on record (5 of 268)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Interim or miscellaneous application | Filed against the company by Overline Fabrics P Ltd | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Clix Capital Services Private Limited | Pending |
| District court, South East, Delhi | Cheque dishonour complaint | Filed against the company by Ifci Factors Ltd | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by M/S Bhagwati Air Express Pvt. Ltd. | Pending |
| District court, South East, Delhi | Cheque dishonour complaint | Filed against the company by M/S Bhagwati Air Express Pvt Ltd | Pending |
To see the full case history of Overnite Express 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 Overnite Express Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Overnite Express Limited has a workforce of 60 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Overnite Express has 10 GST registrations: 2 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAACO3758L1ZF | Goa | Active | 01 Jul 2017 |
| 35AAACO3758L1Z5 | Andaman and Nicobar Islands | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Overnite Express Limited, buy the company report.
Recent activity
Overnite Express Limited has 13 board changes on record since 2002: 3 appointments and 10 cessations. The latest: Govind Rajgarhia ceased to be Director on 23 Jan 2020.
17 earlier events are in the company report.
Frequently asked questions
Overnite Express is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Overnite Express is a company under liquidation, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in express logistics, within the transport and logistics industry. It was incorporated on 27 November 1986 and is registered under CIN U64120DL1986PLC026209. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Overnite Express has 3 current directors:
- Om Prakash Rajgarhia - Managing Director
- Harsh Vardhan Rajgarhia - Whole-Time Director
- Anita Rajgarhia - Whole-Time Director
The latest financial statements of Overnite Express on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Overnite Express is U64120DL1986PLC026209. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Overnite Express has open charges of ₹44.26 Cr and satisfied charges of ₹1.48 Cr as per latest MCA filings.
Overnite Express has 268 court cases on record: 84 filed by the company and 184 filed against it. 73 are pending. Most are in the district courts.
Overnite Express was incorporated on 27 November 1986. It is registered with the Registrar of Companies, Delhi.
The peers of Overnite Express by revenue are Nexgen Logistics Private Limited, Index Logistics Private Limited, Nimbuspost Private Limited, Pace Express Private Limited, Skart Global Express Private Limited, all in the Transport and Logistics industry (Express Logistics), with the same principal business activity (postal & courier activities).
Govind Rajgarhia ceased to be Director on 23 Jan 2020. Nitu Gupta ceased to be Director on 11 Mar 2019. Shivani Gupta ceased to be Director on 11 Mar 2019. Overnite Express has 13 board changes on record in total.
Overnite Express can be reached through the website overnitenet.com. Its registered office is in New Delhi, Delhi, India.