About Shah Coal Private Limited
Data last updated:
Shah Coal Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the materials retail and distribution segment of the metals and mining sector. It was incorporated on 21 March 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH1997PTC106763. Its GSTIN is 27AADCS9231R1ZN (Maharashtra). The company holds 8 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.45 Cr. It is led by directors Ketan Ramanlal Shah and Kunal Vinay Shah.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹210.01 Cr, a decline of 54% compared to the previous year. For the same year it recorded a net profit of ₹2.86 Cr (net margin 1.4%) and EBITDA of ₹25.81 Cr (EBITDA margin 12.3%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years and 19% over five years.
The company has about 532 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Shah Coal. As per MCA filings, the company has open charges of ₹213.15 Cr and satisfied charges of ₹161.1 Cr on record. Court records list 77 cases involving the company, including 29 filed by the company and 48 filed against it; 17 cases are pending. The company has 11 deals on record (7 secondary share transfers, 4 funding rounds), with disclosed funding of ₹15.63 Cr; the latest was in March 2021. Its 4 peer companies in the Transport and Logistics industry (Materials Retail and Distribution, Road Carriers and Trucking), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 2 smaller; the largest is Nihan Trading Private Limited with revenue of ₹217.75 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shahcoal.com.
Company details
Contact details
Shah Coal Private Limited's registered office is in Mumbai, Maharashtra. Its website is shahcoal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressCentre Point 5th Floor Junction Of S.V.Road & Juhu Road Santacr, Uz – W, Mumbai, Maharashtra, India – 400054
- IndustryMetals and Minerals, Materials Retail & Distribution
To see the full contact details of Shah Coal 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
Brands
Shah Coal operates one associated brand: Shah Coal. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Coal procurement, trading, and consultation services in the energy sector. | shahcoal.com |
Business activity
The main business activity of Shah Coal is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Shah Coal Private Limited, buy the company report.
Financials of Shah Coal Private Limited
FY 2024 filings availableShah Coal Private Limited reported revenue of ₹210.01 Cr (down 54% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 19% over five years, including a 54% fall in the latest year. EBITDA fell 34% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹25.81 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.86 Cr | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.3% | ||||
| Net Profit Margin | 1.4% | ||||
| 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 Shah Coal Private Limited, buy the company report.
Board of directors of Shah Coal Private Limited
Shah Coal has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ketan Ramanlal Shah Also directs: Aztec Mining Private Limited, Nextlogical Solutions Private Limited, Eco Autotask Private Limited and 1 more | Director | 21 Mar 1997 | 29 Years 7 Months | Current |
| Kunal Vinay Shah Also directs: Nextlogical Solutions Private Limited, Eco Autotask Private Limited, Aarti Logistic Private Limited and 5 more | Additional Director | 12 Dec 2024 | 1 Years 10 Months | Current |
Peer comparison
Shah Coal Private Limited is compared with the 4 companies closest to it by revenue in the Transport and Logistics industry (Materials Retail and Distribution, Road Carriers and Trucking), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nihan Trading Private Limited | ₹217.75 Cr (FY 2023) | 68.0% | Rajkot, Gujarat, India | |||
| Mahavir Coal Traders Private Limited | ₹216.48 Cr (FY 2025) | 2.0% | Gandhidham, Gujarat, India | |||
| Shah Coal Private Limitedthis company | ₹210.01 Cr (FY 2025) | ₹2.86 Cr | 1.4% | -54.0% | 532 | Mumbai, Maharashtra, India |
| Shree Bhikshu India Private Limited | ₹206.77 Cr (FY 2025) | 6.0% | Faridabad, Haryana, India | |||
| S G Projects Private Limited | ₹206.16 Cr (FY 2025) | 49.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Shah Coal Private Limited, buy the company report.
Auditor
Shah Coal Private Limited is audited by RSRV & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RSRV & ASSOCIATES | FY 2022 | 0115691W |
Shareholding
The shareholding of Shah Coal 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shah Coal Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Oct 2022 | 100620292 | Axis Bank Limited | ₹97 Lakh | Open | |
| 31 Jul 2021 | 100467241 | Others | ₹48 Cr | Open | |
| 20 Dec 2017 | 100143302 | Others | ₹25 Cr | Open | |
| 26 Jun 2013 | 10443355 | United Bank of India | ₹30 Cr | Open | |
| 19 Dec 2012 | 10398156 | United Bank of India | ₹8.68 Cr | Open |
To see the full charge records of Shah Coal Private Limited, buy the company report.
Total charge records: 48 View all charges
Deals & funding
Shah Coal Private Limited has 11 deals on record (7 secondary share transfers, 4 funding rounds), with disclosed funding of ₹15.63 Cr; the latest was in March 2021.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Ramanlal K Shah HUF, an individual Seller: 4 individuals |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Metrocity Management Advisory Services Private Limited , Newedge Vinimay Private Limited , Vedant Commodeal Private Limited , an individual |
| Oct 2018 | Funding round | ₹1.78 Cr | Investors: Vinay Ramanlal Shah HUF, Ketan Ramanlal Shah HUF, 2 individuals |
| Feb 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 3 individuals |
| Mar 2012 | Funding round | ₹12.5 Cr | Investors: Newedge Vinimay Private Limited , Intimate Tradelinks Private Limited , Ambition Merchant Private Limited |
To see the full deal history of Shah Coal Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shah Coal Private Limited has 77 court cases on record: 29 filed by Shah Coal, 48 filed against it. 17 cases are pending and 60 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 39 | 30 | 5 |
| High courts | 30 | 11 | 7 |
| NCLAT | 5 | 5 | 3 |
| NCLT | 2 | 1 | 1 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 77)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ranchi, Jharkhand | Commercial matter | Filed against the company by Pramod Kumar Singh Dir.M/S Aditya Dhanraj Enterprises Pvt Ltd | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against M/S. Avil Menzes Irp of Amw Autocomponent Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Rai Ispat Pvt Ltd and Others and 2 others | Pending |
| NCLAT, NCLAT New Delhi | Court case (Caveat) | Filed against the company by Lloyds Metals and Energy Ltd | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Lloyds Metals and Energy Ltd | Disposed |
To see the full case history of Shah Coal 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
Shah Coal Private Limited was last rated by Icra on 18 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 18 Dec 2020 |
To see the full credit ratings and regulatory alerts of Shah Coal Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Shah Coal Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shah Coal Private Limited has a workforce of 532 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Shah Coal has 8 GST registrations: 7 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCS9231R1ZN | Maharashtra | Active | 01 Jul 2017 |
| 27AADCS9231R2ZM | Maharashtra | Active | 01 May 2025 |
| 21AADCS9231R1ZZ | Odisha | Active | 01 Jul 2017 |
| 22AADCS9231R1ZX | Chattisgarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shah Coal Private Limited, buy the company report.
Recent activity
Shah Coal Private Limited has 6 board changes on record since 1997: 2 appointments and 4 cessations. The latest: Vinay Ramanlal Shah ceased to be Director on 04 Mar 2025.
90 earlier events are in the company report.
Frequently asked questions
Shah Coal is an active private limited company based in Mumbai, Maharashtra, India. The company works in materials retail and distribution, within the metals and minerals industry. It was incorporated on 21 March 1997 (29+ years old) and is registered under CIN U51909MH1997PTC106763.
Shah Coal has 2 current directors:
- Ketan Ramanlal Shah - Director
- Kunal Vinay Shah - Additional Director
The latest financial statements of Shah Coal 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 Shah Coal is 27AADCS9231R1ZN, registered in Maharashtra. The company has 8 GST registrations in all, of which 7 are active and 1 is cancelled or inactive. Other active GSTINs include 27AADCS9231R2ZM (Maharashtra), 21AADCS9231R1ZZ (Odisha), 22AADCS9231R1ZX (Chattisgarh).
The CIN (Corporate Identification Number) of Shah Coal is U51909MH1997PTC106763. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shah Coal has 77 court cases on record: 29 filed by the company and 48 filed against it. 17 are pending. Most are in the district courts.
Shah Coal was incorporated on 21 March 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.
Shah Coal has 11 deals on record (7 secondary share transfers, 4 funding rounds), with disclosed funding of ₹15.63 Cr; the latest was in March 2021.
The peers of Shah Coal by revenue are Nihan Trading Private Limited, Mahavir Coal Traders Private Limited, Shree Bhikshu India Private Limited, S G Projects Private Limited, all in the Transport and Logistics industry (Materials Retail and Distribution, Road Carriers and Trucking), with the same principal business activity (wholesale trading).
Vinay Ramanlal Shah ceased to be Director on 04 Mar 2025. Kunal Vinay Shah was appointed as Additional Director on 12 Dec 2024. Manaf Abdulkader Pancha ceased to be Director on 09 May 2012. Shah Coal has 6 board changes on record in total.
Shah Coal can be reached through the website shahcoal.com. Its registered office is in Mumbai, Maharashtra, India.