About Sarthak Logistics Private Limited
Data last updated:
Sarthak Logistics Private Limited is a private limited company based in Chandigarh, 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 18 November 2010.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U60200CH2010PTC032567. The company has 1 GST registration on record, which is no longer active.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 ₹1 Cr. It is led by directors including Swati Saini and Rajat Saini.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at SCO 34 – 37 First Floor Sector 9D, Chandigarh, India – 160017.
As per the financials filed for FY 2017, the company reported a revenue of ₹6.81 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net loss of ₹44.56 Lakh (net margin -6.5%) and EBITDA of ₹76.16 Lakh (EBITDA margin 11.2%).
As per MCA filings, the company has open charges of ₹13.85 Cr on record. Court records list 20 cases involving the company, including 2 filed by the company and 18 filed against it.
The last known website on record is sarthaklogistics.com.
Company details
Contact details
Sarthak Logistics Private Limited's registered office is in Chandigarh, Chandigarh. Its website is sarthaklogistics.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSCO 34 – 37 First Floor Sector 9D, Chandigarh, India – 160017
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Sarthak 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 Sarthak Logistics is transport and storage. In detail, this covers land transport via road.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road |
To see the full business activity and turnover split of Sarthak Logistics Private Limited, buy the company report.
Financials of Sarthak Logistics Private Limited
FY 2017 filings availableSarthak Logistics Private Limited reported revenue of ₹6.81 Cr (down 18% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 18% in the latest year. EBITDA fell 62% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹6.81 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹76.16 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹44.56 Lakh | ||
| 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
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 11.2% | ||
| Net Profit Margin | -6.5% | ||
| 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 | |||
To see the full financial statements and ratios of Sarthak Logistics Private Limited, buy the company report.
Board of directors of Sarthak Logistics Private Limited
Sarthak Logistics has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Swati Saini | Director | 18 Nov 2010 | 15 Years 11 Months | As last reported |
| Rajat Saini Also directs: Sarthak Equipment Line Private Limited | Director | 18 Nov 2010 | 15 Years 11 Months | As last reported |
| Bhupinder Sethi Also directs: Efficax Resolution Professionals Private Limited | Irp/Rp/Liquidator | 20 Mar 2023 | 3 Years 7 Months | As last reported |
Shareholding
The shareholding of Sarthak Logistics Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Sarthak Logistics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Sep 2014 | 10529403 | Bank of India | ₹3 Cr | Open | |
| 29 Apr 2014 | 10490254 | Religare Finvest Limited | ₹3.8 Cr | Open | |
| 28 Apr 2014 | 10489906 | Religare Finvest Limited | ₹3.1 Cr | Open | |
| 10 Mar 2012 | 10346342 | The Karnataka Bank Limited | ₹20 Lakh | Open | |
| 08 Nov 2011 | 10321159 | The Karnataka Bank Limited | ₹1 Cr | Open |
To see the full charge records of Sarthak Logistics Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Sarthak Logistics Private Limited has 20 court cases on record: 2 filed by Sarthak Logistics, 18 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 17 | 0 |
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chandigarh | Insolvency matter | Filed against the company by M/S Intec Capital Ltd. | Disposed |
| High Court, HARYANA | Criminal miscellaneous application | Filed by the company against M/S Intec Capital Limited | Disposed |
| District court, South East, Delhi | Criminal case | Filed against the company by Intec Capital Ltd. | Disposed |
| District court, New Delhi, Delhi | Arbitration matter | Filed against the company by BMW India Financial Services Private Ltd | Disposed |
| District court, North, Delhi | Arbitration matter | Filed against the company by BMW India Financial Services Private Ltd. | Disposed |
To see the full case history of Sarthak 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sarthak Logistics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sarthak Logistics 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 Sarthak Logistics Private Limited, buy the company report.
Recent activity
Sarthak Logistics Private Limited has 3 board changes on record since 2010: 3 appointments. The latest: Bhupinder Sethi was appointed as Irp/Rp/Liquidator on 20 Mar 2023.
4 earlier events are in the company report.
Frequently asked questions
Sarthak 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.
Sarthak Logistics is a company under insolvency, formerly operating as a private limited company based in Chandigarh, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 18 November 2010 and is registered under CIN U60200CH2010PTC032567. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sarthak Logistics has 3 current directors:
- Swati Saini - Director
- Rajat Saini - Director
- Bhupinder Sethi - Irp/Rp/Liquidator
The latest financial statements of Sarthak Logistics on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sarthak Logistics is U60200CH2010PTC032567. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sarthak Logistics has open charges of ₹13.85 Cr and no satisfied charges on record as per latest MCA filings.
Sarthak Logistics has 20 court cases on record: 2 filed by the company and 18 filed against it. Most are in the district courts.
Sarthak Logistics was incorporated on 18 November 2010. It is registered with the Registrar of Companies, Chandigarh.
Bhupinder Sethi was appointed as Irp/Rp/Liquidator on 20 Mar 2023. Rajat Saini was appointed as Director on 18 Nov 2010. Swati Saini was appointed as Director on 18 Nov 2010.
Sarthak Logistics can be reached through the website sarthaklogistics.com. Its registered office is in Chandigarh, India.