MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-33-0043188
Pearl Freight Services Private Limited - transport and logistics in Belapur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹54.44 Cr
▲ 3% YoY
Net loss · FY 2025
₹21.03 Lakh
Net margin -0.4%
EBITDA · FY 2025
₹71.56 Lakh
EBITDA margin 1.3%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹6.51 Cr
Satisfied ₹5.33 Cr
Company age
23 yrs
Est. 2003
Directors on board
3
As per MCA filings
About Pearl Freight Services Private Limited
Data last updated:
Pearl Freight Services Private Limited is a private limited company based in Belapur, Maharashtra, India. It operates in the cargo services segment of the transport and logistics sector. It was incorporated on 24 July 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63090MH2003PTC141474. Its GSTIN is 27AADCP1825G1ZL (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Shariq Ashraf and Shayan Jamshaid Ashraf.
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 B – 106 Great Eastern Summitsec.15 CBD, Belapur, Maharashtra, India – 400614.
As per the financials filed for FY 2025, the company reported a revenue of ₹54.44 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net loss of ₹21.03 Lakh (net margin -0.4%) and EBITDA of ₹71.56 Lakh (EBITDA margin 1.3%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 1% over five years.
The company is associated with 1 brand: Pearl Group. As per MCA filings, the company has open charges of ₹6.51 Cr and satisfied charges of ₹5.33 Cr on record. Court records list 39 cases involving the company, including 26 filed by the company and 13 filed against it; 6 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹87.8 Lakh; the latest was in March 2014. Its 3 peer companies in the Transport and Logistics industry (Bulk Cargo and Container), with the same principal business activity (services incidental to land, water & air transportation) are compared by revenue, 3 larger; the largest is En Dessus Global Forwarding Private Limited with revenue of ₹57.13 Cr.
Pearl Freight Services Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0043188). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pearlgroup.in.
Company details
CIN U63090MH2003PTC141474
Registration Number 141474
Incorporation Date 24 July 2003
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-33-0043188
Key People
Shariq Ashraf Director Shayan Jamshaid Ashraf Director Jamshaid Ashraf Naziruddin Director Recognitions & Rankings of Pearl Freight Services
Contact details
Pearl Freight Services Private Limited's registered office is in Belapur, Maharashtra. Its website is pearlgroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – 106 Great Eastern Summitsec.15 CBD, Belapur, Maharashtra, India – 400614
- IndustryTransport and Logistics, Cargo Services
To see the full contact details of Pearl Freight Services Private Limited, buy the company report.
Comprehensive company report
Pearl Freight Services 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
Pearl Freight Services operates one associated brand: Pearl Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Ocean freight forwarding and logistics services are provided globally. | pearlgroup.in |
Business activity
The main business activity of Pearl Freight Services 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 Pearl Freight Services Private Limited, buy the company report.
Financials of Pearl Freight Services Private Limited
FY 2024 filings availablePearl Freight Services Private Limited reported revenue of ₹54.44 Cr (up 3% YoY) for FY 2025.
Revenue · FY 2025
₹54.44 Cr ▲ 3%
Net loss · FY 2025
₹21.03 Lakh margin -0.4%
EBITDA · FY 2025
₹71.56 Lakh margin 1.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 3%
3 years · compounded
▼ 6%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▼ 61%
3 years · compounded
▼ 27%
5 years · compounded
▼ 12%
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 3% growth in the latest year. EBITDA fell 61% 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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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹71.56 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹21.03 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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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 | 1.3% | ||||
| Net Profit Margin | -0.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Efficiency and Growth | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Pearl Freight Services Private Limited, buy the company report.
Board of directors of Pearl Freight Services Private Limited
Pearl Freight Services has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shariq Ashraf Also directs: Pearl Recreation Private Limited, Pioneer Cargo Private Limited, Pearl Portline Private Limited and 2 more | Director | 01 Jul 2007 | 19 Years 3 Months | Current |
| Shayan Jamshaid Ashraf Also directs: Pearl Recreation Private Limited, Pioneer Cargo Private Limited, Pearl Portline Private Limited and 2 more | Director | 16 Dec 2013 | 12 Years 10 Months | Current |
| Jamshaid Ashraf Naziruddin Also directs: Pearl Recreation Private Limited, Pioneer Cargo Private Limited | Director | 11 Mar 2016 | 10 Years 7 Months | Current |
Peer comparison
Pearl Freight Services Private Limited is compared with the 3 companies closest to it by revenue in the Transport and Logistics industry (Bulk Cargo and Container), 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 |
|---|---|---|---|---|---|---|
| En Dessus Global Forwarding Private Limited | ₹57.13 Cr (FY 2025) | 103.0% | Ahmedabad, Gujarat, India | |||
| Shreepa Logistics Private Limited | ₹55.27 Cr (FY 2024) | -48.0% | Hyderabad, Telangana, India | |||
| Jovian Container Lines Private Limited | ₹55.14 Cr (FY 2025) | 76.0% | Kolkata, West Bengal, India | |||
| Pearl Freight Services Private Limitedthis company | ₹54.44 Cr (FY 2025) | -₹21.03 Lakh | -0.4% | 3.0% | Belapur, Maharashtra, India |
To see the full peer comparison of Pearl Freight Services Private Limited, buy the company report.
Auditor
Pearl Freight Services Private Limited is audited by M P T & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M P T & ASSOCIATES | FY 2023 | 106435W |
Shareholding
The shareholding of Pearl Freight Services 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 Pearl Freight Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹6.51 Cr
Satisfied charges
₹5.33 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Oct 2022 | 100648015 | Hdfc Bank Limited | ₹6 Cr | Open | |
| 20 Jul 2022 | 100604351 | Hdfc Bank Limited | ₹51.33 Lakh | Open | |
| 17 Dec 2021 | 100517139 | Others | ₹4 Cr | Satisfied | |
| 17 Dec 2021 | 100518508 | Others | ₹1 Cr | Satisfied | |
| 13 Sep 2019 | 100303106 | Others | ₹16.56 Lakh | Satisfied |
To see the full charge records of Pearl Freight Services Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Pearl Freight Services Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹87.8 Lakh; the latest was in March 2014.
Total deals
2
Funding round
1
Secondary share transfer
1
Disclosed funding
₹87.8 Lakh
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Jul 2010 | Funding round | ₹87.8 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Pearl Freight Services Private Limited has 39 court cases on record: 26 filed by Pearl Freight Services, 13 filed against it. 6 cases are pending and 33 are disposed.
Total cases
39
Filed by the company
26
Filed against the company
13
Pending
6
Disposed
33
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 27 | 12 | 5 |
| High courts | 12 | 1 | 1 |
Cases on record (5 of 39)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CARAP) | Filed by the company against Imsecure Infra Solutions Pvt Ltd | Pending |
| District court, Thane, Maharashtra | Court case (Cri.Rev.App.) | Filed against the company by Imsecure Infra Solutions Private Limited Through Soumen Debnath | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Imsecure Infra Solutions Private Limited | Pending |
| District court, Thane, Maharashtra | Court case (Cri.Rev.App.) | Filed against the company by Imsecure Infra Solutions Private Limited | Disposed |
| District court, Thane, Maharashtra | Criminal miscellaneous application | Filed against the company by Imsecure Infra Solutions Private Limited | Disposed |
To see the full case history of Pearl Freight Services 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pearl Freight Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pearl Freight Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCP1825G1ZL | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pearl Freight Services Private Limited, buy the company report.
Recent activity
Pearl Freight Services Private Limited has 5 board changes on record since 2007: 3 appointments and 2 cessations. The latest: Jamshaid Ashraf Naziruddin was appointed as Director on 11 Mar 2016.
Charges
A charge registered on 17 Dec 2021 via Charge ID 100518508 with Others was fully satisfied on 01 Oct 2025.
AGM
Pearl Freight Services Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge registered on 13 Sep 2019 via Charge ID 100303106 with Others was fully satisfied on 24 Jun 2024.
Charges
A charge registered on 24 Jan 2019 via Charge ID 100259110 with Others was fully satisfied on 24 Jun 2024.
Filing
Pearl Freight Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 17 Dec 2021 via Charge ID 100517139 with Others was fully satisfied on 25 Jan 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 600.00 Lakh with Charge ID 100648015 was registered on 31 Oct 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 51.33 Lakh with Charge ID 100604351 was registered on 20 Jul 2022.
Charges
A charge with Others amounted to Rs. 400.00 Lakh with Charge ID 100517139 was registered on 17 Dec 2021.
Charges
A charge with Others amounted to Rs. 100.00 Lakh with Charge ID 100518508 was registered on 17 Dec 2021.
Charges
A charge with Others amounted to Rs. 16.56 Lakh with Charge ID 100303106 was registered on 13 Sep 2019.
Charges
A charge with Others amounted to Rs. 16.76 Lakh with Charge ID 100259110 was registered on 24 Jan 2019.
6 earlier events are in the company report.
News
Frequently asked questions
Pearl Freight Services is an active private limited company based in Belapur, Maharashtra, India. The company works in cargo services, within the transport and logistics industry. It was incorporated on 24 July 2003 (23+ years old) and is registered under CIN U63090MH2003PTC141474.
Pearl Freight Services has 3 current directors:
- Shariq Ashraf - Director
- Shayan Jamshaid Ashraf - Director
- Jamshaid Ashraf Naziruddin - Director
The latest financial statements of Pearl Freight Services 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.
The GSTIN of Pearl Freight Services is 27AADCP1825G1ZL, registered in Maharashtra.
The CIN (Corporate Identification Number) of Pearl Freight Services is U63090MH2003PTC141474. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pearl Freight Services has 39 court cases on record: 26 filed by the company and 13 filed against it. 6 are pending. Most are in the district courts.
Pearl Freight Services was incorporated on 24 July 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
Pearl Freight Services has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹87.8 Lakh; the latest was in March 2014.
The peers of Pearl Freight Services by revenue are En Dessus Global Forwarding Private Limited, Shreepa Logistics Private Limited, Jovian Container Lines Private Limited, all in the Transport and Logistics industry (Bulk Cargo and Container), with the same principal business activity (services incidental to land, water & air transportation).
Jamshaid Ashraf Naziruddin was appointed as Director on 11 Mar 2016. Jamshaid Ashraf Naziruddin ceased to be Director on 20 Dec 2013. Tahera Ashraf Jamshed ceased to be Director on 20 Dec 2013. Pearl Freight Services has 5 board changes on record in total.
Yes, Pearl Freight Services is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-33-0043188).