MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0015845
Parekh Innovative Logistics Solutions Private Limited
Parekh Innovative Logistics Solutions Private Limited - transport and logistics in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹75.5 Cr
▼ 7% YoY
Net profit · FY 2025
₹55.96 Lakh
Net margin 0.7%
EBITDA · FY 2025
₹90.51 Lakh
EBITDA margin 1.2%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹9 Lakh
Issued & subscribed
Satisfied charges
₹44.15 Cr
No open charges
Company age
44 yrs
Est. 1982
Employees · EPFO
86
Provident fund records
About Parekh Innovative Logistics Solutions Private Limited
Data last updated:
Parekh Innovative Logistics Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 09 June 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1982PTC027365. Its GSTIN is 27AAACM2886M2ZY (Maharashtra). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9 Lakh. It was formerly known as Morganite Trading Co Ltd and Morganite Trading Co Private Limited. It is led by directors including Punit Omprakash Mehra and Nimish Vikram Parekh.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹75.5 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹55.96 Lakh (net margin 0.7%) and EBITDA of ₹90.51 Lakh (EBITDA margin 1.2%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 4% over five years.
The company has about 86 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mtcl. As per MCA filings, the company has satisfied charges of ₹44.15 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 5 deals on record (5 secondary share transfers); the latest was in July 2022. Its 4 peer companies in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (land transport via road) are compared by revenue, 3 larger and 1 smaller; the largest is Transolutions Private Limited with revenue of ₹76.22 Cr.
Parekh Innovative Logistics Solutions Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0015845). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U51900MH1982PTC027365
Registration Number 027365
Incorporation Date 09 June 1982
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0015845
Name history
Parekh Innovative Logistics Solutions has undergone 2 name changes throughout its history. The company was previously known as Morganite Trading Co Ltd, and Morganite Trading Co Private Limited. The current legal name is Parekh Innovative Logistics Solutions Private Limited.
| Company Name | Status |
|---|---|
| Parekh Innovative Logistics Solutions Private Limited | Current |
| Morganite Trading Co Ltd | Previous |
| Morganite Trading Co Private Limited | Previous |
CIN history
Parekh Innovative Logistics Solutions has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U51900MH1982PTC027365, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51900MH1982PTC027365 | Current |
| U51900MH1982PLC027365 | Previous |
| L51900MH1982PLC027365 | Previous |
Key People
Punit Omprakash Mehra Director Nimish Vikram Parekh Director Mukesh Mahendrakumar Maniar Director Recognitions & Rankings of Parekh Innovative Logistics Solutions
Contact details
Parekh Innovative Logistics Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC/O Parekh Prints 1st Floor Iit Bhatti Italian Textile Compound Goregaon (East, ), Mumbai, Maharashtra, India – 400063
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Parekh Innovative Logistics Solutions Private Limited, buy the company report.
Comprehensive company report
Parekh Innovative Logistics Solutions 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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Brands
Parekh Innovative Logistics Solutions operates one associated brand: Mtcl. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| mtcl.co.in |
Business activity
The main business activity of Parekh Innovative Logistics Solutions is transport and storage. In detail, this covers land transport via road.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road |
To see the full business activity and turnover split of Parekh Innovative Logistics Solutions Private Limited, buy the company report.
Financials of Parekh Innovative Logistics Solutions Private Limited
FY 2024 filings availableParekh Innovative Logistics Solutions Private Limited reported revenue of ₹75.5 Cr (down 7% YoY) for FY 2025.
Revenue · FY 2025
₹75.5 Cr ▼ 7%
Net profit · FY 2025
₹55.96 Lakh margin 0.7%
EBITDA · FY 2025
₹90.51 Lakh margin 1.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▼ 1%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▼ 15%
3 years · compounded
▼ 47%
5 years · compounded
▼ 24%
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 15% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹90.51 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹55.96 Lakh | ||||
| 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 | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.2% | ||||
| Net Profit Margin | 0.7% | ||||
| 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 Parekh Innovative Logistics Solutions Private Limited, buy the company report.
Board of directors of Parekh Innovative Logistics Solutions Private Limited
Parekh Innovative Logistics Solutions has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Punit Omprakash Mehra | Director | 03 Nov 2023 | 2 Years 11 Months | Current |
| Nimish Vikram Parekh | Director | 03 Nov 2023 | 2 Years 11 Months | Current |
| Mukesh Mahendrakumar Maniar Also directs: Parekh Plastichem Distributors LLP, Parekh Polymer Distributors LLP, Vetina Healthcare LLP and 5 more | Director | 25 Oct 2013 | 13 Years 0 Months | Current |
Peer comparison
Parekh Innovative Logistics Solutions Private Limited is compared with the 4 companies closest to it by revenue in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (land transport via road), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Transolutions Private Limited | ₹76.22 Cr (FY 2025) | -33.0% | Kolkata, West Bengal, India | |||
| Vaishali Transcarriers Private Limited | ₹76.09 Cr (FY 2024) | 3.0% | Mumbai, Maharashtra, India | |||
| Safehand Cargo Private Limited | ₹75.51 Cr (FY 2025) | 10.0% | Purba Medinipur, West Bengal, India | |||
| Parekh Innovative Logistics Solutions Private Limitedthis company | ₹75.5 Cr (FY 2025) | ₹55.96 Lakh | 0.7% | -7.0% | 86 | Mumbai, Maharashtra, India |
| Indo Arya Central Transport Limited | ₹75.17 Cr (FY 2025) | 17.0% | New Delhi, Delhi, India |
To see the full peer comparison of Parekh Innovative Logistics Solutions Private Limited, buy the company report.
Auditor
Parekh Innovative Logistics Solutions Private Limited is audited by S.K.Loonker& Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.K.Loonker& Co. | FY 2022 | 105653W |
Shareholding
The shareholding of Parekh Innovative Logistics Solutions Private 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 Parekh Innovative Logistics Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹44.15 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Nov 2013 | 10464398 | Others | ₹5 Cr | Satisfied | |
| 06 Jun 2008 | 10115032 | Hdfc Bank Limited | ₹39.15 Cr | Satisfied |
To see the full charge records of Parekh Innovative Logistics Solutions Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Parekh Innovative Logistics Solutions Private Limited has 5 deals on record (5 secondary share transfers); the latest was in July 2022.
Total deals
5
Secondary share transfers
5
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2022 | Secondary share transfer | Undisclosed | Buyer: Cravin Ventures Private Limited , an individual Seller: Parekh Family Trust, Shree Nirmal Maintenance & Logistics Private Limited |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Parekh Family Trust, an individual Seller: Parekh Integrated Services Private Limited |
| Jan 2016 | Secondary share transfer | Undisclosed | Buyer: Parekh Family Trust, 3 individuals Seller: Elian Trading Company P Ltd , 2 individuals |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Sunil Family Trust Seller: an individual |
| May 2008 | Secondary share transfer | Undisclosed | Buyer: Multi-Line Business Solutions Private Limited , S J Parekh Huf, an individual Seller: Fisalcon Private Limited , 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Parekh Innovative Logistics Solutions Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Raigad, Maharashtra | Civil suit | Filed against the company by Eramus Elite LLP Through Its Partners Mansukh Lera Verat | Pending |
To see the full case history of Parekh Innovative Logistics Solutions Private 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
Parekh Innovative Logistics Solutions Private Limited was last rated by Crisil on 09 Jun 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 09 Jun 2020 |
To see the full credit ratings and regulatory alerts of Parekh Innovative Logistics Solutions Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Parekh Innovative Logistics Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Parekh Innovative Logistics Solutions Private Limited has a workforce of 86 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
Employee count
86
Active EPFO establishments
1
Employee growth
2.38%
GST
Parekh Innovative Logistics Solutions has 5 GST registrations: 4 active and 1 cancelled or inactive.
Total GSTINs
5
Active
4
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM2886M2ZY | Maharashtra | Active | 17 Oct 2019 |
| 33AAACM2886M1Z6 | Tamil Nadu | Active | 16 Oct 2018 |
| 07AAACM2886M1Z1 | Delhi | Active | 26 Oct 2019 |
| 29AAACM2886M1ZV | Karnataka | Active | 11 Nov 2019 |
To see the full GST registrations and return filing status of Parekh Innovative Logistics Solutions Private Limited, buy the company report.
Recent activity
Parekh Innovative Logistics Solutions Private Limited has 8 board changes on record since 2008: 3 appointments and 5 cessations. The latest: Sujata Parekh Kumar ceased to be Director on 01 Dec 2023.
AGM
Parekh Innovative Logistics Solutions Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
Filing
Parekh Innovative Logistics Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Sujata Parekh Kumar ceased to be Director.
Appointed
Nimish Vikram Parekh was appointed as Director.
Appointed
Punit Omprakash Mehra was appointed as Director.
Charges
A charge registered on 26 Nov 2013 via Charge ID 10464398 with Others was fully satisfied on 28 Jun 2021.
Charges
A charge registered on 06 Jun 2008 via Charge ID 10115032 with Hdfc Bank Limited was fully satisfied on 20 Dec 2017.
Charges
A charge with Others of Rs. 500.00 Lakh registered on 26 Nov 2013 with Charge ID 10464398 was modified on 26 Dec 2016.
Charges
A charge with Others amounted to Rs. 500.00 Lakh with Charge ID 10464398 was registered on 26 Nov 2013.
Ceased
Maharukh Russy Kavarana ceased to be Director.
Appointed
Mukesh Mahendrakumar Maniar was appointed as Director.
Ceased
Mukesh Mahendrakumar Maniar ceased to be Director.
5 earlier events are in the company report.
Frequently asked questions
Parekh Innovative Logistics Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 09 June 1982 (44+ years old) and is registered under CIN U51900MH1982PTC027365.
Parekh Innovative Logistics Solutions has 3 current directors:
- Punit Omprakash Mehra - Director
- Nimish Vikram Parekh - Director
- Mukesh Mahendrakumar Maniar - Director
The latest financial statements of Parekh Innovative Logistics Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Parekh Innovative Logistics Solutions is 27AAACM2886M2ZY, registered in Maharashtra. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 33AAACM2886M1Z6 (Tamil Nadu), 07AAACM2886M1Z1 (Delhi), 29AAACM2886M1ZV (Karnataka).
The CIN (Corporate Identification Number) of Parekh Innovative Logistics Solutions is U51900MH1982PTC027365. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Parekh Innovative Logistics Solutions has 1 court case on record: 1 filed against it. 1 is pending.
Parekh Innovative Logistics Solutions was incorporated on 09 June 1982, making it 44+ years old. It is registered with the Registrar of Companies, Mumbai.
Parekh Innovative Logistics Solutions has 5 deals on record (5 secondary share transfers); the latest was in July 2022.
The peers of Parekh Innovative Logistics Solutions by revenue are Transolutions Private Limited, Vaishali Transcarriers Private Limited, Safehand Cargo Private Limited, Indo Arya Central Transport Limited, all in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (land transport via road).
Sujata Parekh Kumar ceased to be Director on 01 Dec 2023. Nimish Vikram Parekh was appointed as Director on 03 Nov 2023. Punit Omprakash Mehra was appointed as Director on 03 Nov 2023. Parekh Innovative Logistics Solutions has 8 board changes on record in total.
Yes, Parekh Innovative Logistics Solutions is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0015845).
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