Sethco Offshore Services Private Limited
About Sethco Offshore Services Private Limited
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Sethco Offshore Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the engineering components retail and distribution segment of the engineering sector. It was incorporated on 20 May 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74210MH1996PTC099673. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Sethco Engineering & Consultancy Private Limited. It is led by directors Meherwan Daruwala (Managing Director) and Tanaz Merwan Daruwalla.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 762 Ground Floor Ahurajoshi Rd Dadar Parsi Colony Dadar (E), Mumbai, Maharashtra, India – 400014.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.49 Lakh, a decline of 35% compared to the previous year. For the same year it recorded a net profit of ₹869 (net margin 0.2%) and EBITDA of ₹1,241 (EBITDA margin 0.2%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 8% over five years.
As per MCA filings, the company has satisfied charges of ₹89.58 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Sethco Offshore Services Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address762 Ground Floor Ahurajoshi Rd Dadar Parsi Colony Dadar (E), Mumbai, Maharashtra, India – 400014
- IndustryEngineering, Engineering Components Retail & Distribution
To see the full contact details of Sethco Offshore Services 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 Sethco Offshore Services is professional, scientific and technical activities. In detail, this covers architectural and engineering activities; technical testing and analysis.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 71 | Architectural and engineering activities; technical testing and analysis |
To see the full business activity and turnover split of Sethco Offshore Services Private Limited, buy the company report.
Financials of Sethco Offshore Services Private Limited
FY 2025 filings availableSethco Offshore Services Private Limited reported revenue of ₹5.49 Lakh (down 35% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 35% fall in the latest year. EBITDA rose 24% 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
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| EBITDA | ₹1,241 | ||||
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| Net Profit (PAT) | ₹869 | ||||
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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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| EBITDA Margin | 0.2% | ||||
| Net Profit Margin | 0.2% | ||||
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To see the full financial statements and ratios of Sethco Offshore Services Private Limited, buy the company report.
Board of directors of Sethco Offshore Services Private Limited
Sethco Offshore Services has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tanaz Merwan Daruwalla Also directs: Armacoat Products Private Limited | Director | 16 Jan 2004 | 22 Years 9 Months | Current |
| Meherwan Daruwala Also directs: Armacoat Products Private Limited | Managing Director | 20 May 1996 | 30 Years 5 Months | Current |
Shareholding
The shareholding of Sethco Offshore Services Private Limited is on record for 4 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 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Sethco Offshore Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Dec 2006 | 10126693 | The Zoroastrian Co-Operative Bank Limited | ₹35 Lakh | Satisfied | |
| 05 Aug 1998 | 90140648 | The Zorostrain Co-Operative Bank Limited | ₹10.58 Lakh | Satisfied | |
| 12 Nov 1997 | 90142049 | The Zorostrain Co-Operative Bank Limited | ₹44 Lakh | Satisfied |
To see the full charge records of Sethco Offshore Services Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Sethco Offshore Services Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sethco Offshore Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sethco Offshore Services 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 Sethco Offshore Services Private Limited, buy the company report.
Recent activity
Sethco Offshore Services Private Limited has 4 board changes on record since 1996: 2 appointments and 2 cessations. The latest: Edul Dhanjisha Sethna ceased to be Director on 02 Apr 2019.
1 earlier event is in the company report.
Frequently asked questions
Sethco Offshore Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in engineering components retail and distribution, within the engineering industry. It was incorporated on 20 May 1996 (30+ years old) and is registered under CIN U74210MH1996PTC099673.
Sethco Offshore Services has 2 current directors:
- Meherwan Daruwala - Managing Director
- Tanaz Merwan Daruwalla - Director
The latest financial statements of Sethco Offshore Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
No. Sethco Offshore Services has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Sethco Offshore Services is U74210MH1996PTC099673. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sethco Offshore Services was incorporated on 20 May 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Edul Dhanjisha Sethna ceased to be Director on 02 Apr 2019. Freny Edul Sethna ceased to be Director on 02 Apr 2019. Tanaz Merwan Daruwalla was appointed as Director on 16 Jan 2004. Sethco Offshore Services has 4 board changes on record in total.
The registered office of Sethco Offshore Services is at 762 Ground Floor Ahurajoshi Rd Dadar Parsi Colony Dadar E, Mumbai, Maharashtra, India – 400014.
Sethco Offshore Services operates in the engineering industry, in the engineering components retail and distribution segment.
Sethco Offshore Services has no open charges and satisfied charges of ₹89.58 Lakh as per latest MCA filings.