About P.S.T.S Logistics Private Limited
Data last updated:
P.S.T.S Logistics Private Limited is a private limited company based in Chennai, Tamil Nadu, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 21 January 1991.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U63090TN1991PTC020186. Its GSTIN is 33AACCP7883P1ZO (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.89 Cr. It was formerly known as P.S.T.S. and Sons Private Limited. It is led by directors Thiraviarathnam Udayasankar and Ganeshram Jeyasankar.
Its last annual general meeting (AGM) was held on 28 February 2021, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 48 II Floor Wavoo Mansion Rajaji Salai, Chennai, Tamil Nadu, India – 600001.
As per the financials filed for FY 2020, the company reported a revenue of ₹52.74 Cr, a decline of 56% compared to the previous year. For the same year it recorded a net loss of ₹2.73 Cr (net margin -5.2%) and EBITDA of ₹2.57 Cr (EBITDA margin 4.9%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years and 7% over five years.
The company has about 34 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: PSTS. As per MCA filings, the company has open charges of ₹28.2 Cr and satisfied charges of ₹24.45 Cr on record. Court records list 51 cases involving the company, including 19 filed by the company and 32 filed against it; 16 cases are pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹1.08 Cr; the latest was in March 2018.
The last known website on record is psts.in.
Company details
Contact details
P.S.T.S Logistics Private Limited's registered office is in Chennai, Tamil Nadu. Its website is psts.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address48 II Floor Wavoo Mansion Rajaji Salai, Chennai, Tamil Nadu, India – 600001
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of P.S.T.S Logistics Private Limited, buy the company report.
- 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
Business activity
The main business activity of P.S.T.S Logistics 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 P.S.T.S Logistics Private Limited, buy the company report.
Financials of P.S.T.S Logistics Private Limited
FY 2020 filings availableP.S.T.S Logistics Private Limited reported revenue of ₹52.74 Cr (down 56% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 7% over five years, including a 56% fall in the latest year. EBITDA fell 37% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹52.74 Cr | ||||
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| EBITDA | ₹2.57 Cr | ||||
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| Net Profit (PAT) | -₹2.73 Cr | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| Profitability | |||||
| EBITDA Margin | 4.9% | ||||
| Net Profit Margin | -5.2% | ||||
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To see the full financial statements and ratios of P.S.T.S Logistics Private Limited, buy the company report.
Board of directors of P.S.T.S Logistics Private Limited
P.S.T.S Logistics has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganeshram Jeyasankar | Additional Director | 07 Jan 2022 | 4 Years 9 Months | As last reported |
| Thiraviarathnam Udayasankar Also directs: PSTS Heavy Lift and Shift Limited | Director | 21 Jan 1991 | 35 Years 9 Months | As last reported |
Shareholding
The shareholding of P.S.T.S Logistics Private Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of P.S.T.S Logistics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Jun 2020 | 100347656 | Tamilnad Mercantile Bank Limited | ₹98 Lakh | Open | |
| 30 Nov 2018 | 100224418 | Tamilnad Mercantile Bank Limited | ₹20 Lakh | Open | |
| 29 Sep 2018 | 100227085 | Others | ₹1.61 Cr | Open | |
| 04 Aug 2018 | 100202904 | Tamilnad Mercantile Bank Limited | ₹2.14 Cr | Open | |
| 27 Jul 2018 | 100202919 | Tamilnad Mercantile Bank Limited | ₹3.86 Cr | Open |
To see the full charge records of P.S.T.S Logistics Private Limited, buy the company report.
Total charge records: 29 View all charges
Deals & funding
P.S.T.S Logistics Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹1.08 Cr; the latest was in March 2018.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Funding round | ₹1.08 Cr | Investors: 4 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
P.S.T.S Logistics Private Limited has 51 court cases on record: 19 filed by P.S.T.S Logistics, 32 filed against it. 16 cases are pending and 35 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 21 | 11 |
| High courts | 23 | 9 | 5 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 51)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Court case (Com.EX.) | Filed against the company by Nidec Industrial Automation India Private Limited | Disposed |
| High Court of Karnataka | Arbitration matter | Filed by the company against Nidec Industrial Automation India Private Limited | Disposed |
| District court, BENGALURU RURAL, Karnataka | Court case (Com.O.S.) | Filed against the company by Nidec Industrial Automation India Private Limited Through Its Authorized Signatory Mr Sudhakar Y | Disposed |
| District court, Central, Delhi | Execution petition | Filed against the company by JK Tyre and Industries Ltd | Disposed |
| District court, Thoothukudi, Tamil Nadu | Criminal complaint | Filed against the company by Sea Port Logistics Private Limited,Proprietor Ahamed Hussain | Disposed |
To see the full case history of P.S.T.S Logistics 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
P.S.T.S Logistics Private Limited was last rated by Brickwork on 24 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 24 Jun 2021 |
To see the full credit ratings and regulatory alerts of P.S.T.S Logistics Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for P.S.T.S Logistics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
P.S.T.S Logistics Private Limited has a workforce of 34 employees on its EPFO records as of Mar 28, 2024, across 2 active EPFO establishments.
GST
P.S.T.S Logistics has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCP7883P1ZO | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of P.S.T.S Logistics Private Limited, buy the company report.
Recent activity
P.S.T.S Logistics Private Limited has 8 board changes on record since 1991: 2 appointments and 6 cessations. The latest: Kalidossnadar Vasanthi ceased to be Additional Director on 10 Jan 2022.
56 earlier events are in the company report.
Frequently asked questions
P.S.T.S Logistics is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
P.S.T.S Logistics is a company under insolvency, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 21 January 1991 and is registered under CIN U63090TN1991PTC020186. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
P.S.T.S Logistics has 2 current directors:
- Ganeshram Jeyasankar - Additional Director
- Thiraviarathnam Udayasankar - Director
The latest financial statements of P.S.T.S Logistics on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 28 February 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of P.S.T.S Logistics is U63090TN1991PTC020186. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
P.S.T.S Logistics has open charges of ₹28.2 Cr and satisfied charges of ₹24.45 Cr as per latest MCA filings.
P.S.T.S Logistics has 51 court cases on record: 19 filed by the company and 32 filed against it. 16 are pending. Most are in the district courts.
P.S.T.S Logistics was incorporated on 21 January 1991. It is registered with the Registrar of Companies, Chennai.
P.S.T.S Logistics has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹1.08 Cr; the latest was in March 2018.
Kalidossnadar Vasanthi ceased to be Additional Director on 10 Jan 2022. Ganeshram Jeyasankar was appointed as Additional Director on 07 Jan 2022. Thiraviaratnam Velsankar ceased to be Managing Director on 10 Jan 2020. P.S.T.S Logistics has 8 board changes on record in total.