MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-DL-08-0001047
Phantom Road Express Private Limited - transport and logistics in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹65.62 Cr
▲ 58% YoY
Net loss · FY 2025
₹1.31 Cr
Net margin -2%
EBITDA · FY 2025
₹3.05 Cr
EBITDA margin 4.7%
Authorised capital
₹9 Cr
Registered with MCA
Paid-up capital
₹7.2 Cr
Issued & subscribed
Open charges
₹53.92 Cr
Secured borrowings
Company age
11 yrs
Est. 2015
Employees · EPFO
5
Provident fund records
About Phantom Road Express Private Limited
Data last updated:
Phantom Road Express Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Skyways Air Services Pvt Ltd. It operates in the express logistics segment of the transport and logistics sector. It was incorporated on 05 February 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74140DL2015PTC276399. Its GSTIN is 07AAICP0999G1Z1 (Delhi). The company holds 6 GST registrations, all of them active.
The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹7.2 Cr. It is led by directors Rajiv Gul Hariramani and Yash Pal Sharma.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Rz 128 – 129A Mahipalpur Extension NH – 8, New Delhi, Delhi, India – 110037.
As per the financials filed for FY 2025, the company reported a revenue of ₹65.62 Cr, a growth of 58% compared to the previous year. For the same year it recorded a net loss of ₹1.31 Cr (net margin -2%) and EBITDA of ₹3.05 Cr (EBITDA margin 4.7%). Revenue has grown at a compounded annual rate (CAGR) of 103% over three years and 111% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Phantom Express. As per MCA filings, the company has open charges of ₹53.92 Cr on record. Court records list 79 cases involving the company, including 1 filed by the company and 78 filed against it; 9 cases are pending. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹7.19 Cr; the latest was in March 2021.
Phantom Road Express Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-08-0001047). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website phantom2me.com.
Company details
CIN U74140DL2015PTC276399
Registration Number 276399
Incorporation Date 05 February 2015
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Skyways Air Services Pvt Ltd
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-DL-08-0001047
Recognitions & Rankings of Phantom Road Express
Contact details
Phantom Road Express Private Limited's registered office is in New Delhi, Delhi. Its website is phantom2me.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressRz 128 – 129A Mahipalpur Extension NH – 8, New Delhi, Delhi, India – 110037
- IndustryTransport and Logistics, Express Logistics
To see the full contact details of Phantom Road Express Private Limited, buy the company report.
Comprehensive company report
Phantom Road Express 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Phantom Road Express operates one associated brand: Phantom Express. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides road transportation, cold chain logistics, and integrated shipping solutions. | phantom2me.com |
Business activity
The main business activity of Phantom Road Express 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 Phantom Road Express Private Limited, buy the company report.
Financials of Phantom Road Express Private Limited
FY 2025 filings availablePhantom Road Express Private Limited reported revenue of ₹65.62 Cr (up 58% YoY) for FY 2025.
Revenue · FY 2025
₹65.62 Cr ▲ 58%
Net loss · FY 2025
₹1.31 Cr margin -2%
EBITDA · FY 2025
₹3.05 Cr margin 4.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 58%
3 years · compounded
▲ 103%
5 years · compounded
▲ 111%
EBITDA CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 84%
5 years · compounded
▲ 77%
Revenue has grown at a compounded annual rate (CAGR) of 111% over five years, including 58% growth in the latest year. EBITDA rose 4% 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 | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.31 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.7% | ||||
| Net Profit Margin | -2% | ||||
| 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 Phantom Road Express Private Limited, buy the company report.
Board of directors of Phantom Road Express Private Limited
Phantom Road Express has 2 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 |
|---|---|---|---|---|
| Rajiv Gul Hariramani | Director | 11 Jun 2025 | 1 Years 4 Months | Current |
| Yash Pal Sharma Also directs: Itiger Supply Chain LLP, Ziv Hotels Private Limited, Rahat Continental Private Limited and 5 more | Director | 05 Feb 2015 | 11 Years 8 Months | Current |
Auditor
Phantom Road Express Private Limited is audited by GIRISH MANGLA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GIRISH MANGLA & CO. | FY 2023 | 018506N |
Shareholding
The shareholding of Phantom Road Express 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 Phantom Road Express Private Limited, buy the company report.
Charges & borrowings
Open charges
₹53.92 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Apr 2025 | 101085261 | Hdfc Bank Limited | ₹20 Cr | Open | |
| 18 Dec 2024 | 101024269 | Hdfc Bank Limited | ₹43.88 Lakh | Open | |
| 28 May 2024 | 100935461 | Hdfc Bank Limited | ₹5 Cr | Open | |
| 06 Dec 2022 | 100656303 | Axis Bank Limited | ₹20 Cr | Open | |
| 16 Aug 2022 | 100607950 | State Bank of India | ₹7.73 Cr | Open |
To see the full charge records of Phantom Road Express Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Phantom Road Express Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹7.19 Cr; the latest was in March 2021.
Total deals
2
Funding rounds
2
Disclosed funding
₹7.19 Cr
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Funding round | ₹5.86 Cr | Investors: Skyways Air Services Ltd |
| Mar 2019 | Funding round | ₹1.33 Cr | Investors: Skyways Air Services Ltd |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Phantom Road Express Private Limited has 79 court cases on record: 1 filed by Phantom Road Express, 78 filed against it. 9 cases are pending and 70 are disposed.
Total cases
79
Filed by the company
1
Filed against the company
78
Pending
9
Disposed
70
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 79 | 78 | 9 |
Cases on record (5 of 79)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State of U.P. | Pending |
| District court, Firozabad, Uttar Pradesh | Criminal case | Filed against the company by State of U.P. | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State of U.P. | Disposed |
To see the full case history of Phantom Road Express 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
Phantom Road Express Private Limited was last rated by Crisil on 30 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 30 Sep 2021 |
To see the full credit ratings and regulatory alerts of Phantom Road Express Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Phantom Road Express Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Phantom Road Express has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
Total GSTINs
6
Active
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAICP0999G1Z1 | Delhi | Active | 01 Oct 2018 |
| 07AAICP0999G2Z0 | Delhi | Active | 01 Apr 2025 |
| 06AAICP0999G1Z3 | Haryana | Active | 11 Jan 2022 |
| 08AAICP0999G1ZZ | Rajasthan | Active | 20 Dec 2022 |
To see the full GST registrations and return filing status of Phantom Road Express Private Limited, buy the company report.
Recent activity
Phantom Road Express Private Limited has 4 board changes on record since 2015: 2 appointments and 2 cessations. The latest: Rajiv Gul Hariramani ceased to be Additional Director on 28 Sep 2025.
AGM
Phantom Road Express Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Ceased
Rajiv Gul Hariramani ceased to be Additional Director.
Appointed
Rajiv Gul Hariramani was appointed as Director.
Ceased
Tarun Sharma ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 20.00 Cr with Charge ID 101085261 was registered on 16 Apr 2025.
Filing
Phantom Road Express Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.44 Cr with Charge ID 101024269 was registered on 18 Dec 2024.
Charges
A charge with Axis Bank Limited of Rs. 20.00 Cr registered on 06 Dec 2022 with Charge ID 100656303 was modified on 05 Nov 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 5.00 Cr with Charge ID 100935461 was registered on 28 May 2024.
Charges
A charge with Axis Bank Limited amounted to Rs. 20.00 Cr with Charge ID 100656303 was registered on 06 Dec 2022.
Charges
A charge with State Bank Of India amounted to Rs. 7.73 Cr with Charge ID 100607950 was registered on 16 Aug 2022.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.43 Cr with Charge ID 100373470 was registered on 08 Sep 2020.
4 earlier events are in the company report.
Frequently asked questions
Phantom Road Express is an active private limited company based in New Delhi, Delhi, India. The company works in express logistics, within the transport and logistics industry. It was incorporated on 05 February 2015 (11+ years old) and is registered under CIN U74140DL2015PTC276399.
Phantom Road Express has 2 current directors:
- Rajiv Gul Hariramani - Director
- Yash Pal Sharma - Director
The latest financial statements of Phantom Road Express on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Phantom Road Express is 07AAICP0999G1Z1, registered in Delhi. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 07AAICP0999G2Z0 (Delhi), 06AAICP0999G1Z3 (Haryana), 08AAICP0999G1ZZ (Rajasthan).
The CIN (Corporate Identification Number) of Phantom Road Express is U74140DL2015PTC276399. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Phantom Road Express has 79 court cases on record: 1 filed by the company and 78 filed against it. 9 are pending.
Phantom Road Express was incorporated on 05 February 2015, making it 11+ years old. It is registered with the Registrar of Companies, Delhi.
Phantom Road Express has 2 deals on record (2 funding rounds), with disclosed funding of ₹7.19 Cr; the latest was in March 2021.
Rajiv Gul Hariramani ceased to be Additional Director on 28 Sep 2025. Rajiv Gul Hariramani was appointed as Director on 11 Jun 2025. Tarun Sharma ceased to be Director on 11 Jun 2025. Phantom Road Express has 4 board changes on record in total.
Yes, Phantom Road Express is registered as a small enterprise under Udyam registration (number: UDYAM-DL-08-0001047).