Polestar Maritime Limited - Company Profile

It is a transport and logistics public limited company based in Mumbai, Maharashtra, India, established in 2000.
2000 Mumbai, Maharashtra, India Active
Last Updated:
Access Report
About Polestar Maritime Limited

Polestar Maritime Limited, a active public limited company, was established on 08 November 2000 in Mumbai, Maharashtra, India. Engaging in shipping & maritime services within the transport and storage sector, it holds CIN: U63032MH2000PLC129516. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹45.00 Cr and a paid-up capital of ₹2.52 Cr.

Formerly known as Logistic Projects (India) Limited. It upholds a compliant status. Employing 120 professional, Its leadership includes Suryakant Mulji Parekh (Director), Juhi Suryakant Parekh (Director), Saahil Prakash Dugar (Director). Past directors included Rushikesh Harishchandra Parekh, Saahil Prakash Dugar, Jaysinh Mulji Parekh. It holds ₹172.00 Cr open charges and ₹79.00 Cr settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at 109, 10Th Floor, Bajaj Bhawan, Nariman Point, Mumbai, Maharashtra, 400021.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U63032MH2000PLC129516

  • Registration Number

    129516

  • Incorporation Date

    08 November 2000

  • Authorized Capital

    ₹45.00 Cr

  • Paid-Up Capital

    ₹2.52 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 45.00 Cr
  • Paid Up Capital ₹ 2.52 Cr
  • Company Age 25 Year, 3 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 172.00 Cr
  • Satisfied Charges ₹ 79.00 Cr
  • Revenue Growth **** -0.62%
  • Profit Growth **** -10.64%
  • Ebitda **** -0.04%
  • Net Worth 5.08%
  • Total Assets -1.35%
Company report

Polestar Maritime Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Polestar Maritime Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

Access Report Banner Element
Who are the key members and board of directors at Polestar Maritime Limited?
Current Directors
Name Designation Appointment Date Status
Suryakant Mulji Parekh Director 13 Dec 2005 Current
Juhi Suryakant Parekh Director 30 Sep 2022 Current
Saahil Prakash Dugar Director 25 Mar 2016 Current
Anirudh Dhirajlal Bhammar Director 30 Sep 2022 Current
Vinit Ashok Badani Director 30 Sep 2022 Current
Bhagwandas Mulji Parekh Director 01 Oct 2013 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 01 Mar 2021 Past
Pramod Abcsdd Additional Director 30 Sep 2016 Past
Pramod Abcsdd Director 01 Mar 2021 Past
Pramod Abcsdd Director 19 Feb 2012 Past
Pramod Abcsdd Director 01 Mar 2021 Past
Pramod Abcsdd Director 10 Dec 2022 Past

Discover detailed profiles of directors and KMP - Unlock leadership insights today!

Financial Performance of Polestar Maritime.

Polestar Maritime Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 0.62% decrease. The company also saw a substantial fall in profitability, with a 10.64% decrease in profit. The company's net worth moved up by a moderate rise of 5.08%.

Polestar Maritime revenue growth over time
Polestar Maritime profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 -0.62%
*******
*******
*******
*******
Revenue from Operations
*******
 -0.29%
*******
*******
*******
*******
Total Assets
*******
 -1.35%
*******
*******
*******
*******
Profit or Loss
*******
 -10.64%
*******
*******
*******
*******
Net Worth
*******
 5.08%
*******
*******
*******
*******
EBITDA
*******
 -0.04%
*******
*******
*******
*******

Discover detailed financial data and - Unlock financial today!

What is the Ownership and Shareholding Structure of Polestar Maritime?

In 2023, Polestar Maritime had a promoter holding of 98.41% and a public holding of 1.59%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

Reveal ownership structures and financial performance - Get instant access now!

Charges (Loans)
Open Charges

₹1,720,000,000.00

Satisfied Charges

₹790,000,000.00

Charges Breakdown by Lending Institutions
  • Hdfc Bank Limited : 157.00 Cr
  • State Bank Of India : 15.00 Cr
Latest Charge Details
Date Lender Amount Status
18 Jul 2025 Hdfc Bank Limited ₹20.00 Cr Open
17 Jul 2025 Hdfc Bank Limited ₹12.00 Cr Open
05 Dec 2024 Hdfc Bank Limited ₹75.00 Cr Open
30 Sep 2022 Hdfc Bank Limited ₹25.00 Cr Open
28 Dec 2018 Hdfc Bank Limited ₹25.00 Cr Open

Explore comprehensive loan charge details -

How Many Employees Work at Polestar Maritime?

Polestar Maritime has a workforce of 120 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Polestar Maritime, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Polestar Maritime's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Explore deal ratings and alerts - Get instant access now!

Latest Updates, News, and FAQs on Polestar Maritime
Recent Activity within the Organization
  • Annual General Meeting

    The activity Polestar Maritime Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was completed.

  • Charges

    Progress on A charge with State Bank Of India of Rs. 15.00 Cr registered on 05 Mar 2012 with Charge ID 10343988 was modified on 26 Sep 2025. was documented.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 25.00 Cr registered on 28 Dec 2018 with Charge ID 100228602 was modified on 07 Aug 2025. was recorded as a recent event.

  • Charges

    Progress on A charge with Hdfc Bank Limited amounted to Rs. 20.00 Cr with Charge ID 101131572 was registered on 18 Jul 2025. was documented.

  • Charges

    The activity A charge with Hdfc Bank Limited amounted to Rs. 12.00 Cr with Charge ID 101131562 was registered on 17 Jul 2025. was completed.

  • Balance Sheet

    Polestar Maritime Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was recorded as a recent event.

Explore recent activity and updates - View Recent Activity

Frequently Asked Questions
What is the CIN of Polestar Maritime Limited?

The CIN of Polestar Maritime Limited is U63032MH2000PLC129516.

Where is Polestar Maritime Limited headquartered?

Polestar Maritime Limited is headquartered at 109, 10Th Floor, Bajaj Bhawan, Nariman Point, Mumbai, Maharashtra, 400021.

When was Polestar Maritime Limited incorporated?

Polestar Maritime Limited was incorporated on 08 November 2000.

Who are the current directors of Polestar Maritime Limited?

The current directors of Polestar Maritime Limited are

What is the primary industry of Polestar Maritime Limited?

The primary industry of Polestar Maritime Limited is Transport And Storage.

Is Polestar Maritime Limited a listed company?

Polestar Maritime Limited is unlisted.

What is the capital structure of Polestar Maritime Limited?

The authorized capital of Polestar Maritime Limited is ₹45.00 Cr, and the paid-up capital is ₹2.52 Cr.

What is the compliance status of Polestar Maritime Limited?

The compliance status of Polestar Maritime Limited is Compliant.

Explore millions of companies — effortlessly

Access structured, verified intelligence on 7M+ companies across industries, sectors, and global markets. From early-stage startups to large enterprises, discover ownership, leadership, funding, financials, acquisitions, and market signals — all in one powerful platform.

Free account with essential features Instant access to company reports Enterprise solutions available