Paras Ship Breakers Limited
About Paras Ship Breakers Limited
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Paras Ship Breakers Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the shipbroking and shipping agency services segment of the transport and logistics sector. It was incorporated on 22 March 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U61000MH1993PLC071267. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹3.94 Cr. It is led by directors including Hirenbhai Shah and Gaurav Bhupatrai Shah.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 105 1st Floor Batliboy House 59/61 Nagdevi Street, Mumbai, Maharashtra, India – 400003.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.42 Lakh, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹1.52 Lakh (net margin 44.6%) and EBITDA of ₹2.27 Lakh (EBITDA margin 66.3%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 1% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹3.2 Cr on record. Court records list 28 cases involving the company, including 18 filed by the company and 10 filed against it; 5 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Paras Ship Breakers Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address105 1st Floor Batliboy House 59/61 Nagdevi Street, Mumbai, Maharashtra, India – 400003
- IndustryTransport and Logistics, Shipbroking & Shipping Agency Services
To see the full contact details of Paras Ship Breakers 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
Financials of Paras Ship Breakers Limited
FY 2024 filings availableParas Ship Breakers Limited reported revenue of ₹3.42 Lakh (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 2% growth in the latest year. EBITDA rose 1% 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 | ₹2.27 Lakh | ||||
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| Net Profit (PAT) | ₹1.52 Lakh | ||||
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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 | 66.3% | ||||
| Net Profit Margin | 44.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Paras Ship Breakers Limited, buy the company report.
Board of directors of Paras Ship Breakers Limited
Paras Ship Breakers has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hirenbhai Shah | Director | 01 Jun 1998 | 28 Years 5 Months | Current |
| Gaurav Bhupatrai Shah | Director | 01 Jun 1998 | 28 Years 5 Months | Current |
| Bhavesh Chimanlal Shah | Director | 01 Jun 1998 | 28 Years 5 Months | Current |
Peer comparison
Paras Ship Breakers Limited is compared with the 10 companies closest to it by revenue in the Shipping industry (Ship Broking and Shipping Agency), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vizag Shipping and Metal Processors Private Limited | ₹4.8 Lakh (FY 2024) | -21.0% | Telangana, India | |||
| Seafix Marine Private Limited | ₹4.43 Lakh (FY 2025) | Mumbai, Maharashtra, India | ||||
| Sunrich Shipping Private Limited | ₹4.38 Lakh (FY 2025) | -43.0% | Mumbai, Maharashtra, India | |||
| Phoenix Offshore & Maritime Services Private Limited | ₹4.26 Lakh (FY 2025) | -94.0% | Thiruvananthapuram, Kerala, India | |||
| Maersk Broker India Private Limited | ₹4.05 Lakh (FY 2023) | -84.0% | Mumbai, Maharashtra, India | |||
| Paras Ship Breakers Limitedthis company | ₹3.42 Lakh (FY 2025) | ₹1.52 Lakh | 44.6% | 2.0% | 3 | Mumbai, Maharashtra, India |
| Maheshwari Shipping Limited | ₹3.24 Lakh (FY 2021) | Surendranagar, Gujarat, India | ||||
| Seven Seas Navigation (India) Private Limited | ₹3.07 Lakh (FY 2021) | -46.0% | Mumbai, Maharashtra, India | |||
| Sowmiya Shipping and Logistics Private Limited | ₹2.38 Lakh (FY 2022) | -76.0% | Chennai, Tamil Nadu, India | |||
| Royal Trans Ocean Shipping Private Limited | ₹2.21 Lakh (FY 2015) | -91.0% | Navi Mumbai, Maharashtra, India | |||
| Association of Indian Shipping and Chartering Consultants | ₹2.13 Lakh (FY 2024) | -7.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Paras Ship Breakers Limited, buy the company report.
Auditor
Paras Ship Breakers Limited is audited by M A SHAH & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M A SHAH & ASSOCIATES | FY 2023 | 111004 |
Shareholding
The shareholding of Paras Ship Breakers Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Paras Ship Breakers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 1999 | 90163927 | Dena Bank | ₹3.2 Cr | Satisfied |
To see the full charge records of Paras Ship Breakers Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Paras Ship Breakers Limited has 28 court cases on record: 18 filed by Paras Ship Breakers, 10 filed against it. 5 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 23 | 9 | 5 |
| Supreme Court | 4 | 1 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Paschim Gujarat Vij Company Ltd. (Pgvcl) and 1 other | Pending |
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed by the company against Paschim Gujarat Vij Company Ltd. | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Paschim Gujarat Vij Company Ltd and 2 others | Disposed |
| High Court of Gujarat | Appeal | Filed by the company against an individual | Pending |
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Executive Eng. Paschim Gurarat Vij Company Limited, Rural Division, Chavadi Gate ,Bhavnagar , Gujarat | Disposed |
To see the full case history of Paras Ship Breakers 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 Paras Ship Breakers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Paras Ship Breakers Limited has a workforce of 3 employees on its EPFO records as of Jun 2017, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2017-18 | 3 |
| FY 2016-17 |
To see the full employee and EPFO history of Paras Ship Breakers Limited, buy the company report.
GST
Paras Ship Breakers has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Paras Ship Breakers Limited, buy the company report.
Recent activity
Paras Ship Breakers Limited has 3 board changes on record since 1998: 3 appointments. The latest: Bhavesh Chimanlal Shah was appointed as Director on 01 Jun 1998.
Frequently asked questions
Paras Ship Breakers is an active public limited company based in Mumbai, Maharashtra, India. The company works in shipbroking and shipping agency services, within the transport and logistics industry. It was incorporated on 22 March 1993 (33+ years old) and is registered under CIN U61000MH1993PLC071267.
Paras Ship Breakers has 3 current directors:
- Hirenbhai Shah - Director
- Gaurav Bhupatrai Shah - Director
- Bhavesh Chimanlal Shah - Director
The latest financial statements of Paras Ship Breakers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
No. Paras Ship Breakers has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Paras Ship Breakers is U61000MH1993PLC071267. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Paras Ship Breakers has 28 court cases on record: 18 filed by the company and 10 filed against it. 5 are pending. Most are in the high courts.
Paras Ship Breakers was incorporated on 22 March 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Paras Ship Breakers by revenue are Vizag Shipping and Metal Processors Private Limited, Seafix Marine Private Limited, Sunrich Shipping Private Limited, Phoenix Offshore & Maritime Services Private Limited, Maersk Broker India Private Limited and 5 more, all in the Shipping industry (Ship Broking and Shipping Agency).
Bhavesh Chimanlal Shah was appointed as Director on 01 Jun 1998. Gaurav Bhupatrai Shah was appointed as Director on 01 Jun 1998. Hirenbhai Shah was appointed as Director on 01 Jun 1998.
The registered office of Paras Ship Breakers is at 105 1st Floor Batliboy House 5961 Nagdevi Street, Mumbai, Maharashtra, India – 400003.
Paras Ship Breakers operates in the transport and logistics industry, in the shipbroking and shipping agency services segment.
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