Shellex Services Private Limited
About Shellex Services Private Limited
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Shellex Services Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Nsb Commercials Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 28 April 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29299MH1987PTC043281. Its GSTIN is 27AAACD4139L1ZK (Maharashtra). The company holds 11 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.4 Cr. It was formerly known as Downhole Oiltools Private Limited and Shell Express Logistics Private Limited. It is led by directors including Kushal Narayan Bhargava and Narayan Shukdeo Bhargava.
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 Ground Fl Shah Industrialestate Saki Vihar Rd Andhri, Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.02 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹31.43 Lakh (net margin 15.6%) and EBITDA of ₹1.74 Cr (EBITDA margin 86.4%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 22% over five years.
The company has about 51 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹21.3 Cr and satisfied charges of ₹9.6 Cr on record. Court records list 3 cases involving the company, including 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressGround Fl Shah Industrialestate Saki Vihar Rd Andhri, Mumbai, Maharashtra, India – 400072
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
- One PDF report, delivered after checkout
Financials of Shellex Services Private Limited FY 2025 filings available
Shellex Services Private Limited reported revenue of ₹2.02 Cr (up 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Shellex Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 19% growth in the latest year. EBITDA rose 10% 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 of Shellex Services Private Limited
| 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 | ₹1.74 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹31.43 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Shellex Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 86.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 15.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Shellex Services are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Shellex Services Private Limited
Shellex Services Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Salasar Homes Private Limited | ₹2.02 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Howrah, West Bengal, India |
| B2 Builders and Developers Private Limited | ₹2.02 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Thrissur, Kerala, India |
| Hariz & Zara Infracon Private Limited | ₹2.02 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Tiruchirappalli, Tamil Nadu, India |
| Vista Constech Private Limited | ₹2.02 Cr (FY 2025) | •••• | •••• | 199.0% | •••• | Delhi, India |
| Omshanti Heights Private Limited | ₹2.02 Cr (FY 2025) | •••• | •••• | -42.0% | •••• | Rajkot, Gujarat, India |
| Shellex Services Private Limited this company | ₹2.02 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Mumbai, Maharashtra, India |
| Shakti Buildtech Private Limited | ₹2.02 Cr (FY 2025) | •••• | •••• | -48.0% | •••• | Ahmedabad, Gujarat, India |
| Divyajivan Infrastructure Private Limited | ₹2.02 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Ahmedabad, Gujarat, India |
| Ebutor Distribution Private Limited | ₹2.02 Cr (FY 2025) | •••• | •••• | 3928.0% | •••• | Hyderabad, Telangana, India |
| Prabhu Kripa Tosham Real Estate Private Limited | ₹2.02 Cr (FY 2025) | •••• | •••• | •••• | Bhiwani, Haryana, India | |
| Indiaproperty Bazar Private Limited | ₹2.02 Cr (FY 2024) | •••• | •••• | 1160.0% | •••• | Kanpur, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Shellex Services by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Shellex Services Private Limited
Shellex Services Private Limited is audited by SCA & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SCA & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Shellex Services Private Limited
Shellex Services 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 |
|---|---|---|---|---|
| Kushal Narayan Bhargava Also directs: Flutron Properties Private Limited, My Branch Services Private Limited, Shell Share Brokers Private Limited. and 5 more | Director | 24 Jun 2013 | 13 Years 3 Months | Current |
| Narayan Shukdeo Bhargava Also directs: Panatharva Human Capital LLP, Flutron Properties Private Limited, Greenburg Mercantile Private Limited and 5 more | Director | 17 Sep 1996 | 30 Years 0 Months | Current |
| Dipti Narayan Bhargava Also directs: Panatharva Human Capital LLP, Greenburg Mercantile Private Limited, Niku Investments and Leasing Pvt Ltd and 1 more | Director | 21 Mar 2015 | 11 Years 6 Months | Current |
Ownership and Shareholding of Shellex Services Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Shellex Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 May 2023 | Yes Bank Limited | ₹21.3 Cr | Open |
| 13 Apr 2022 | Others | ₹8 Cr | Satisfied |
| 08 Dec 2004 | Indian Bank | ₹1.6 Cr | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Shellex Services Private Limited
Shellex Services Private Limited has 3 court cases on record: 2 filed against it, 1 where it is another party. 1 case is pending and 2 are disposed. Status as checked between 29 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS Cases) | Company is another party | Disposed |
| High Court of Delhi | Court case (CS(OS)) | Filed against the company by Shell Brands International Ag & Anr | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Shellex Services Private Limited
Shellex Services Private Limited has a workforce of 51 employees as of Apr 03, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Name History of Shellex Services Private Limited
Shellex Services has undergone 2 name changes throughout its history. The company was previously known as Downhole Oiltools Private Limited, and Shell Express Logistics Private Limited. The current legal name is Shellex Services Private Limited.
| Company Name | Status |
|---|---|
| Shellex Services Private Limited | Current |
| Downhole Oiltools Private Limited | Previous |
| Shell Express Logistics Private Limited | Previous |
Recent Activity on Shellex Services Private Limited
Shellex Services Private Limited has 5 board changes on record since 1996: 3 appointments and 2 cessations. The latest: Dipti Narayan Bhargava was appointed as Director on 21 Mar 2015.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Shellex Services Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Shellex Services Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Shellex Services Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Shellex Services Private Limited
Shellex Services has 11 GST registrations: 3 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACD4139L1ZK | Maharashtra | Active | 01 Jul 2017 |
| 33AAACD4139L1ZR | Tamil Nadu | Active | 05 Jul 2017 |
| 29AAACD4139L1ZG | Karnataka | Active | 11 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Shellex Services Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Shellex Services Private Limited
Shellex Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 28 April 1987 (39+ years old) and is registered under CIN U29299MH1987PTC043281.
Shellex Services reported revenue of ₹2.02 Cr for FY 2025 (up 19% YoY).
Shellex Services has 3 current directors:
- Kushal Narayan Bhargava - Director
- Narayan Shukdeo Bhargava - Director
- Dipti Narayan Bhargava - Director
Shellex Services reported a net profit of ₹31.43 Lakh (net margin 15.6%) and EBITDA of ₹1.74 Cr (EBITDA margin 86.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Shellex Services is 29% over three years and 22% over five years. In the latest year (FY 2025) revenue rose 19%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Shellex Services is 27AAACD4139L1ZK, registered in Maharashtra. The company has 11 GST registrations in all, of which 3 are active and 8 are cancelled or inactive. Other active GSTINs include 33AAACD4139L1ZR (Tamil Nadu), 29AAACD4139L1ZG (Karnataka).
The CIN (Corporate Identification Number) of Shellex Services is U29299MH1987PTC043281. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shellex Services has 3 court cases on record: 2 filed against it. 1 is pending. Most are in the district courts.
Shellex Services was incorporated on 28 April 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Shellex Services by revenue are Salasar Homes Private Limited, B2 Builders and Developers Private Limited, Hariz & Zara Infracon Private Limited, Vista Constech Private Limited, Omshanti Heights Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Dipti Narayan Bhargava was appointed as Director on 21 Mar 2015. Kushal Narayan Bhargava ceased to be Additional Director on 30 Sep 2013. Dipti Narayan Bhargava ceased to be Director on 02 Jul 2013. Shellex Services has 5 board changes on record in total.