MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-02-0159846
Professional Couriers Network Limited - transport and logistics in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹61.89 Cr
▼ 3% YoY
Net loss · FY 2024
₹15.75 Cr
Net margin -25.4%
EBITDA · FY 2024
-₹13.44 Cr
EBITDA margin -21.7%
Authorised capital
₹53 Cr
Registered with MCA
Paid-up capital
₹52.28 Cr
Issued & subscribed
Open charges
₹4.56 Cr
Secured borrowings
Company age
19 yrs
Est. 2007
Employees · EPFO
265
Provident fund records
About Professional Couriers Network Limited
Data last updated:
Professional Couriers Network Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the express logistics segment of the transport and logistics sector. It was incorporated on 19 February 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74950TN2007PLC062401. Its GSTIN is 33AAECP1918R1Z2 (Tamil Nadu). The company holds 21 GST registrations, of which 19 are active.
The company has an authorised share capital of ₹53 Cr and a paid-up capital of ₹52.28 Cr. It is led by directors including Sheik Mohideen Ahmed Meeran (Managing Director) and Suresh Bharathan.
Its last annual general meeting (AGM) was held on 28 October 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Al – Barakkah Towers New No.10 K B Dasan Road Alwarpet, Chennai, Tamil Nadu, India – 600018.
As per the financials filed for FY 2024, the company reported a revenue of ₹61.89 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net loss of ₹15.75 Cr (net margin -25.4%) and EBITDA of -₹13.44 Cr (EBITDA margin -21.7%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 3% over five years.
The company has about 265 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.56 Cr on record. Court records list 44 cases involving the company, including 31 filed by the company and 13 filed against it; 12 cases are pending.
Professional Couriers Network Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0159846). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pcnl.in.
Company Details of Professional Couriers Network Limited
CIN U74950TN2007PLC062401
Registration Number 062401
Incorporation Date 19 February 2007
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 28 October 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TN-02-0159846
Key People
Sheik Mohideen Ahmed Meeran Managing Director Suresh Bharathan Director Thomas John Director Recognitions & Rankings of Professional Couriers Network
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressAl – Barakkah Towers New No.10 K B Dasan Road Alwarpet, Chennai, Tamil Nadu, India – 600018
- IndustryTransport and Logistics, Express Logistics
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Business Activity of Professional Couriers Network Limited
The main business activity of Professional Couriers Network is transport and storage. In detail, this covers postal & courier activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H7 | Postal & Courier activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Professional Couriers Network Limited FY 2024 filings available
Professional Couriers Network Limited reported revenue of ₹61.89 Cr (down 3% YoY) for FY 2024.
Revenue · FY 2024
₹61.89 Cr ▼ 3%
Net loss · FY 2024
₹15.75 Cr margin -25.4%
EBITDA · FY 2024
-₹13.44 Cr margin -21.7%
Compounded Annual Growth Rate (CAGR) of Professional Couriers Network Limited
Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 6%
5 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▼ 13%
3 years · compounded
▼ 20%
5 years · compounded
▼ 39%
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 3% fall in the latest year. EBITDA fell 13% 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 of Professional Couriers Network Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹13.44 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹15.75 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 of Professional Couriers Network Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -21.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -25.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Professional Couriers Network are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Professional Couriers Network Limited
Professional Couriers Network has 6 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
Peer Comparison of Professional Couriers Network Limited
Professional Couriers Network Limited is compared with the companies closest to it by revenue in the Transport and Logistics industry (Express Logistics). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| PXC Pacific Global Private Limited | ₹68.11 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Thane, Maharashtra, India |
| G M S Worldwide Express Private Limited | ₹67.88 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Bangalore, Karnataka, India |
| Whizzy Logistic Technologies Private Limited | ₹66.42 Cr (FY 2025) | •••• | •••• | 108.0% | •••• | Hyderabad, Telangana, India |
| Phantom Road Express Private Limited | ₹65.62 Cr (FY 2025) | •••• | •••• | 58.0% | •••• | New Delhi, Delhi, India |
| Shipway Technology Private Limited | ₹65.13 Cr (FY 2025) | •••• | •••• | 50.0% | •••• | Gurgaon, Haryana, India |
| Professional Couriers Network Limited this company | ₹61.89 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Chennai, Tamil Nadu, India |
| Skynet Express India Private Limited | ₹56.09 Cr (FY 2024) | •••• | •••• | 118.0% | •••• | New Delhi, Delhi, India |
| Rajdhani Air Express Private Limited | ₹54.97 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Delhi, India |
| Shree Anjani Courier Services Private Limited | ₹51.71 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Ahmedabad, Gujarat, India |
| Raftar Express India Limited | ₹50.12 Cr (FY 2024) | •••• | •••• | 209.0% | •••• | Pune, Maharashtra, India |
| Express Parcel Services Private Limited | ₹49.73 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Professional Couriers Network by revenue in the Transport and Logistics industry (Express Logistics), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Professional Couriers Network Limited
Professional Couriers Network Limited is audited by ASA & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ASA & Associates | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Professional Couriers Network Limited
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Charges & Borrowings of Professional Couriers Network Limited
Open charges
₹4.56 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Nov 2020 | Others | ₹25,000 | Open |
| 18 Dec 2019 | Others | ₹2.43 Cr | Open |
| 21 Mar 2019 | Others | ₹14.8 Lakh | Open |
| 12 Nov 2018 | Others | ₹1.98 Cr | Open |
Total charge records: 4 View all charges
Legal Cases of Professional Couriers Network Limited
Professional Couriers Network Limited has 44 court cases on record: 31 filed by Professional Couriers Network, 13 filed against it. 12 cases are pending and 32 are disposed.
Total cases
44
Filed by the company
31
Filed against the company
13
Pending
12
Disposed
32
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 39 | 10 | 10 |
| High courts | 3 | 1 | 1 |
| Supreme Court | 1 | 1 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 44)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Interim or miscellaneous application | Filed by the company against Chowringhee Planners LLP and 5 others | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against SBS Store Private Ltd | Pending |
| District court, South, Delhi | Commercial suit | Filed by the company against Medsave Health Insurance Tpa Ltd | Disposed |
| District court, Calcutta, West Bengal | Court case (TS) | Filed by the company against Chowringhee Planners LLP and 9 others | Disposed |
| District court, Central, Delhi | Civil suit | Filed against the company by Atlantic Publishers and Distributors Pvt Ltd | Disposed |
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Full case history
All 44 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Professional Couriers Network Limited
Professional Couriers Network Limited has a workforce of 265 employees as of Apr 06, 2024.
Employee count
265
Active EPFO establishments
9
Employee growth
-53.99%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Professional Couriers Network Limited
Professional Couriers Network Limited has 9 board changes on record since 2007: 6 appointments and 3 cessations. The latest: Sheik Mohideen Ahmed Meeran ceased to be Managing Director on 30 Dec 2020.
AGM
Professional Couriers Network Limited last Annual general meeting of members was held on 28 Oct 2024 as per latest MCA records.
Filing
Professional Couriers Network Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Ceased
Sheik Mohideen Ahmed Meeran ceased to be Managing Director.
Charges
A charge with Others amounted to Rs. 0.00 Cr with Charge ID 100424502 was registered on 23 Nov 2020.
Charges
A charge with Others amounted to Rs. 2.43 Cr with Charge ID 100318352 was registered on 18 Dec 2019.
Charges
A charge with Others amounted to Rs. 0.15 Cr with Charge ID 100272074 was registered on 21 Mar 2019.
Charges
A charge with Others amounted to Rs. 1.98 Cr with Charge ID 100333675 was registered on 12 Nov 2018.
Ceased
Ronny George ceased to be Director.
Ceased
Thomas John ceased to be Director.
Appointed
Abraham Parayil Mathew was appointed as Director.
Appointed
Oomen Chackalayil Chacko was appointed as Director.
Appointed
Sheik Mohideen Ahmed Meeran was appointed as Managing Director.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Professional Couriers Network Limited
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MSME Payment Delays by Professional Couriers Network Limited
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Subsidiaries & Group Companies of Professional Couriers Network Limited
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GST Compliance of Professional Couriers Network Limited
Professional Couriers Network has 21 GST registrations: 19 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
21
Active
19
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECP1918R1Z2 | Tamil Nadu | Active | 18 Nov 2020 |
| 04AAECP1918R1Z3 | Chandigarh | Active | 01 Jul 2017 |
| 06AAECP1918R1ZZ | Haryana | Active | 01 Jul 2017 |
| 07AAECP1918R1ZX | Delhi | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Professional Couriers Network Limited
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Frequently Asked Questions about Professional Couriers Network Limited
Professional Couriers Network is an active public limited company based in Chennai, Tamil Nadu, India. The company works in express logistics, within the transport and logistics industry. It was incorporated on 19 February 2007 (19+ years old) and is registered under CIN U74950TN2007PLC062401.
Professional Couriers Network reported revenue of ₹61.89 Cr for FY 2024 (down 3% YoY).
Professional Couriers Network has 6 current directors:
- Sheik Mohideen Ahmed Meeran - Managing Director
- Suresh Bharathan - Director
- Thomas John - Director
- Vadasseri Srinath - Director
- Abraham Parayil Mathew - Director
- Oomen Chackalayil Chacko - Director
Professional Couriers Network reported a net loss of ₹15.75 Cr (net margin -25.4%) and EBITDA of -₹13.44 Cr (EBITDA margin -21.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Professional Couriers Network is 6% over three years and -3% over five years. In the latest year (FY 2024) revenue fell 3%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Professional Couriers Network is 33AAECP1918R1Z2, registered in Tamil Nadu. The company has 21 GST registrations in all, of which 19 are active and 2 are cancelled or inactive. Other active GSTINs include 04AAECP1918R1Z3 (Chandigarh), 06AAECP1918R1ZZ (Haryana), 07AAECP1918R1ZX (Delhi).
The CIN (Corporate Identification Number) of Professional Couriers Network is U74950TN2007PLC062401. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Professional Couriers Network has 44 court cases on record: 31 filed by the company and 13 filed against it. 12 are pending. Most are in the district courts.
Professional Couriers Network was incorporated on 19 February 2007, making it 19+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Professional Couriers Network by revenue are PXC Pacific Global Private Limited, G M S Worldwide Express Private Limited, Whizzy Logistic Technologies Private Limited, Phantom Road Express Private Limited, Shipway Technology Private Limited and 5 more, all in the Transport and Logistics industry (Express Logistics).
Sheik Mohideen Ahmed Meeran ceased to be Managing Director on 30 Dec 2020. Ronny George ceased to be Director on 15 Jul 2017. Thomas John ceased to be Director on 25 Apr 2009. Professional Couriers Network has 9 board changes on record in total.