Rashmi Ore Carriers Private Limited
About Rashmi Ore Carriers Private Limited
Data last updated:
Rashmi Ore Carriers Private Limited is a private limited company based in Goa, India, a subsidiary of Mayur Shipping Private Limited. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 07 March 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U35111GA1981PTC000418. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹60 Lakh. It is led by directors including Mugdha Shriniwas Kamat and Shrinivas Ravindra Kamat.
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 1st Floordo Rosario Vasco Da Gama, Goa, India – 403802.
As per the financials filed for FY 2024, the company reported a revenue of ₹20 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹6.89 Lakh (net margin 34.5%) and EBITDA of ₹5.86 Lakh (EBITDA margin 29.3%). Revenue has grown at a compounded annual rate (CAGR) of 71% over three years and 98% over five years.
As per MCA filings, the company has open charges of ₹50 Lakh and satisfied charges of ₹42.48 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Rashmi Ore Carriers Private Limited's registered office is in Goa. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1st Floordo Rosario Vasco Da Gama, Goa, India – 403802
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Rashmi Ore Carriers 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 Rashmi Ore Carriers is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Rashmi Ore Carriers Private Limited, buy the company report.
Financials of Rashmi Ore Carriers Private Limited
FY 2025 filings availableRashmi Ore Carriers Private Limited reported revenue of ₹20 Lakh (up 374% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 98% over five years, including 374% growth in the latest year. EBITDA rose 178% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹5.86 Lakh | ||||
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| Net Profit (PAT) | ₹6.89 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 29.3% | ||||
| Net Profit Margin | 34.5% | ||||
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To see the full financial statements and ratios of Rashmi Ore Carriers Private Limited, buy the company report.
Board of directors of Rashmi Ore Carriers Private Limited
Rashmi Ore Carriers has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mugdha Shriniwas Kamat Also directs: Mayur Shipping Private Limited | Director | 01 Mar 2022 | 4 Years 8 Months | Current |
| Shrinivas Ravindra Kamat Also directs: Mayur Shipping Private Limited | Director | 29 Sep 2017 | 9 Years 1 Months | Current |
| Geeta Ravindra Kamat | Director | 07 Mar 1981 | 45 Years 7 Months | Current |
Auditor
Rashmi Ore Carriers Private Limited is audited by Y P K & ASSOCIATES LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Y P K & ASSOCIATES LLP | FY 2018 | 129532W |
Shareholding
The shareholding of Rashmi Ore Carriers Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Rashmi Ore Carriers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jan 2024 | 100854221 | Others | ₹50 Lakh | Satisfied | |
| 23 Feb 2016 | 100029510 | State Bank of India | ₹37.4 Cr | Satisfied | |
| 09 Mar 2007 | 10044662 | Goa Urban Co-Operative Bank Limited | ₹13 Lakh | Satisfied | |
| 23 Sep 2005 | 90077941 | Bank of Baroda | ₹2.4 Cr | Satisfied | |
| 26 Dec 2002 | 90077916 | Bank of Baroda | ₹5 Lakh | Satisfied |
To see the full charge records of Rashmi Ore Carriers Private Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Rashmi Ore Carriers Private Limited has 3 court cases on record: 3 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (AUW) | Filed against the company by The Oriental Insurance Company Limited | Disposed |
| Bombay High Court | Appeal | Filed against the company by The Oriental Insurance Company Limited | Disposed |
| Bombay High Court | Writ petition | Filed against the company | Pending |
To see the full case history of Rashmi Ore Carriers 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 Rashmi Ore Carriers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rashmi Ore Carriers has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Rashmi Ore Carriers Private Limited, buy the company report.
Recent activity
Rashmi Ore Carriers Private Limited has 5 board changes on record since 1981: 3 appointments and 2 cessations. The latest: Mugdha Shriniwas Kamat ceased to be Additional Director on 20 Sep 2022.
24 earlier events are in the company report.
Frequently asked questions
Rashmi Ore Carriers is an active private limited company based in Goa, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 07 March 1981 (45+ years old) and is registered under CIN U35111GA1981PTC000418.
Rashmi Ore Carriers has 3 current directors:
- Mugdha Shriniwas Kamat - Director
- Shrinivas Ravindra Kamat - Director
- Geeta Ravindra Kamat - Director
The latest financial statements of Rashmi Ore Carriers 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.
No. Rashmi Ore Carriers has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Rashmi Ore Carriers is U35111GA1981PTC000418. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rashmi Ore Carriers has 3 court cases on record: 3 filed against it. 1 is pending.
Rashmi Ore Carriers was incorporated on 07 March 1981, making it 45+ years old. It is registered with the Registrar of Companies, Goa.
Mugdha Shriniwas Kamat ceased to be Additional Director on 20 Sep 2022. Mugdha Shriniwas Kamat was appointed as Director on 01 Mar 2022. Ravindra Shrinivas Kamat ceased to be Director on 04 May 2018. Rashmi Ore Carriers has 5 board changes on record in total.
The registered office of Rashmi Ore Carriers is at 1st Floordo Rosario Vasco Da Gama, Goa, India – 403802.
Rashmi Ore Carriers operates in the transport and logistics industry, in the shipping and maritime services segment.
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