MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0030354
Relay Express Private Limited - transport and logistics in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹156.1 Cr
▲ 37% YoY
Net profit · FY 2025
₹6.03 Cr
Net margin 3.9%
EBITDA · FY 2025
₹13.31 Cr
EBITDA margin 8.5%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹3 Cr
Issued & subscribed
Open charges
₹44.53 Cr
Satisfied ₹2.5 Cr
Company age
13 yrs
Est. 2013
Employees · EPFO
418
Provident fund records
About Relay Express Private Limited
Data last updated:
Relay Express Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 18 July 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U64100GJ2013PTC076082. Its GSTIN is 06AAGCR5230G1ZL (Haryana). The company holds 28 GST registrations, of which 20 are active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It is led by directors Ashish Dwarkadas Thakkar and Bharti Ashish Thakkar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 406 Kataria Arcade B/H. Adani Cng Pump Makarba, Ahmedabad, Gujarat, India – 380051.
As per the financials filed for FY 2025, the company reported a revenue of ₹156.1 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹6.03 Cr (net margin 3.9%) and EBITDA of ₹13.31 Cr (EBITDA margin 8.5%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 27% over five years.
The company has about 418 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹44.53 Cr and satisfied charges of ₹2.5 Cr on record. Court records list 23 cases involving the company, including 7 filed by the company and 16 filed against it; 7 cases are pending. The company has 4 deals on record (2 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹1.69 Cr; the latest was in March 2025.
Relay Express Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0030354). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website relayexpress.in.
Company details
CIN U64100GJ2013PTC076082
Registration Number 076082
Incorporation Date 18 July 2013
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0030354
Recognitions & Rankings of Relay Express
Contact details
Relay Express Private Limited's registered office is in Ahmedabad, Gujarat. Its website is relayexpress.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address406 Kataria Arcade B/H. Adani Cng Pump Makarba, Ahmedabad, Gujarat, India – 380051
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Relay Express Private Limited, buy the company report.
Comprehensive company report
Relay 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
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Business activity
The main business activity of Relay Express is transport and storage. In detail, this covers postal & courier activities and warehousing and storage. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H7 | Postal & Courier activities | |
| H | Transport and storage | H6 | Warehousing and storage |
To see the full business activity and turnover split of Relay Express Private Limited, buy the company report.
Financials of Relay Express Private Limited
FY 2024 filings availableRelay Express Private Limited reported revenue of ₹156.1 Cr (up 37% YoY) for FY 2025.
Revenue · FY 2025
₹156.1 Cr ▲ 37%
Net profit · FY 2025
₹6.03 Cr margin 3.9%
EBITDA · FY 2025
₹13.31 Cr margin 8.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 37%
3 years · compounded
▲ 27%
5 years · compounded
▲ 27%
EBITDA CAGR growth
1 year
▲ 41%
3 years · compounded
▲ 2%
5 years · compounded
▲ 22%
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 37% growth in the latest year. EBITDA rose 41% 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 |
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| Total Expenses | |||||
| EBITDA | ₹13.31 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.03 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.5% | ||||
| Net Profit Margin | 3.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Relay Express Private Limited, buy the company report.
Board of directors of Relay Express Private Limited
Relay 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 |
|---|---|---|---|---|
| Ashish Dwarkadas Thakkar | Director | 18 Jul 2013 | 13 Years 3 Months | Current |
| Bharti Ashish Thakkar Also directs: Relay Agro & Wood Particle LLP, Omniasys Private Limited | Director | 18 Jul 2013 | 13 Years 3 Months | Current |
Auditor
Relay Express Private Limited is audited by AKHIL A THAKKAR & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AKHIL A THAKKAR & CO. | FY 2023 | 118139 |
Shareholding
The shareholding of Relay 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 Relay Express Private Limited, buy the company report.
Charges & borrowings
Open charges
₹44.53 Cr
Satisfied charges
₹2.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Oct 2025 | 101168684 | Hdfc Bank Limited | ₹17.5 Lakh | Open | |
| 31 Aug 2025 | 101158149 | Others | ₹3.35 Cr | Open | |
| 28 Aug 2025 | 101146276 | Hdfc Bank Limited | ₹70.91 Lakh | Open | |
| 11 Aug 2025 | 101136844 | Hdfc Bank Limited | ₹36 Lakh | Open | |
| 28 Apr 2025 | 101085041 | Hdfc Bank Limited | ₹17.52 Lakh | Open |
To see the full charge records of Relay Express Private Limited, buy the company report.
Total charge records: 42 View all charges
Deals & funding
Relay Express Private Limited has 4 deals on record (2 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹1.69 Cr; the latest was in March 2025.
Total deals
4
Rights issues
2
Funding round
1
Secondary share transfer
1
Disclosed funding
₹1.69 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Rights issue | ₹1.79 Cr | Investors: 2 individuals |
| Jan 2024 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Aug 2022 | Rights issue | ₹51 Lakh | Investors: 3 individuals |
| Oct 2015 | Funding round | ₹1.69 Cr | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Relay Express Private Limited has 23 court cases on record: 7 filed by Relay Express, 16 filed against it. 7 cases are pending and 16 are disposed.
Total cases
23
Filed by the company
7
Filed against the company
16
Pending
7
Disposed
16
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 15 | 7 |
| High courts | 4 | 1 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed by the company against Jewel Cast and Techno Private Limited and 1 other | Pending |
| District court, Lucknow, Uttar Pradesh | Criminal case | Filed against the company by State of Up | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Yvaegam India Pvt Ltd | Pending |
| District court, Vellore, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (SPCS) | Filed by the company against an individual | Pending |
To see the full case history of Relay 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
Relay Express Private Limited was last rated by Care on 25 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 25 Oct 2021 |
To see the full credit ratings and regulatory alerts of Relay Express Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Relay Express Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Relay Express Private Limited has a workforce of 418 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
418
Active EPFO establishments
1
Employee growth
-0.48%
GST
Relay Express has 28 GST registrations: 20 active and 8 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
28
Active
20
Cancelled / inactive
8
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAGCR5230G1ZL | Haryana | Active | 01 Jul 2017 |
| 09AAGCR5230G1ZF | Uttar Pradesh | Active | 01 Jul 2017 |
| 21AAGCR5230G1ZT | Odisha | Active | 01 Jul 2017 |
| 22AAGCR5230G1ZR | Chhattisgarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Relay Express Private Limited, buy the company report.
Recent activity
Relay Express Private Limited has 4 board changes on record since 2013: 2 appointments and 2 cessations. The latest: Anandba Vikramsinh Zala ceased to be Director on 31 Jan 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.18 Cr with Charge ID 101168684 was registered on 16 Oct 2025.
Charges
A charge with Others amounted to Rs. 3.35 Cr with Charge ID 101158149 was registered on 31 Aug 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.71 Cr with Charge ID 101146276 was registered on 28 Aug 2025.
Charges
A charge with State Bank Of India of Rs. 9.90 Cr registered on 10 Mar 2021 with Charge ID 100431400 was modified on 20 Aug 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.36 Cr with Charge ID 101136844 was registered on 11 Aug 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.18 Cr with Charge ID 101085041 was registered on 28 Apr 2025.
Charges
A charge with State Bank Of India amounted to Rs. 16.17 Cr with Charge ID 101080204 was registered on 16 Apr 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2.12 Cr with Charge ID 101078950 was registered on 04 Apr 2025.
AGM
Relay Express Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.14 Cr with Charge ID 100953059 was registered on 23 Jul 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.28 Cr with Charge ID 100935303 was registered on 12 Jun 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.30 Cr with Charge ID 100922319 was registered on 06 May 2024.
41 earlier events are in the company report.
Frequently asked questions
Relay Express is an active private limited company based in Ahmedabad, Gujarat, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 18 July 2013 (13+ years old) and is registered under CIN U64100GJ2013PTC076082.
Relay Express has 2 current directors:
- Ashish Dwarkadas Thakkar - Director
- Bharti Ashish Thakkar - Director
The latest financial statements of Relay Express on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Relay Express is 06AAGCR5230G1ZL, registered in Haryana. The company has 28 GST registrations in all, of which 20 are active and 8 are cancelled or inactive. Other active GSTINs include 09AAGCR5230G1ZF (Uttar Pradesh), 21AAGCR5230G1ZT (Odisha), 22AAGCR5230G1ZR (Chhattisgarh).
The CIN (Corporate Identification Number) of Relay Express is U64100GJ2013PTC076082. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Relay Express has 23 court cases on record: 7 filed by the company and 16 filed against it. 7 are pending. Most are in the district courts.
Relay Express was incorporated on 18 July 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Relay Express has 4 deals on record (2 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹1.69 Cr; the latest was in March 2025.
Anandba Vikramsinh Zala ceased to be Director on 31 Jan 2024. Vikramsinh Mangalsinh Zala ceased to be Additional Director on 30 Sep 2019. Ashish Dwarkadas Thakkar was appointed as Director on 18 Jul 2013. Relay Express has 4 board changes on record in total.
Yes, Relay Express is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0030354).