About Sindhu Cargo Services Private Limited
Data last updated:
Sindhu Cargo Services Private Limited is a private limited company based in Bangalore, Karnataka, 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 04 October 1991.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1991PTC012381. Its GSTIN is 29AACCS9658P2Z8 (Karnataka). The company holds 21 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.97 Cr. It was formerly known as Sindhu Logistics Limited and Sindhu Cargo Services Limited. It is led by directors including Balaraju Gopalappa (Managing Director) and Vedavathi Balaraju.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹5.49 Cr, a decline of 69% compared to the previous year. For the same year it recorded a net loss of ₹2.63 Cr (net margin -47.8%) and EBITDA of -₹60.77 Lakh (EBITDA margin -11.1%). Revenue has declined at a compounded annual rate (CAGR) of 54% over three years and 53% over five years.
The company has about 15 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sindhu. As per MCA filings, the company has open charges of ₹66.5 Cr and satisfied charges of ₹103.45 Cr on record. Court records list 192 cases involving the company, including 103 filed by the company and 89 filed against it; 18 cases are pending. The company has 12 deals on record (8 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹52.41 Cr; the latest was in December 2015. Its 4 peer companies in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (services incidental to land, water & air transportation) are compared by revenue, 3 larger and 1 smaller; the largest is Overseas Warehousing Private Limited with revenue of ₹5.52 Cr.
The last known website on record is sindhucargo.com.
Company details
Name history
Sindhu Cargo Services has undergone 2 name changes throughout its history. The company was previously known as Sindhu Logistics Limited, and Sindhu Cargo Services Limited. The current legal name is Sindhu Cargo Services Private Limited.
| Company Name | Status |
|---|---|
| Sindhu Cargo Services Private Limited | Current |
| Sindhu Logistics Limited | Previous |
| Sindhu Cargo Services Limited | Previous |
CIN history
Sindhu Cargo Services has one previous CIN (Corporate Identification Number): U85110KA1991PLC012381. The current CIN is U85110KA1991PTC012381, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1991PTC012381 | Current |
| U85110KA1991PLC012381 | Previous |
Contact details
Sindhu Cargo Services Private Limited's registered office is in Bangalore, Karnataka. Its website is sindhucargo.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBlock 3 No.34 Nellakunte Near Mvit College Bettahalasuru Hunse Maranhalli – Po., Blr N Orth – Tlk India, Bangalore, Karnataka, India – 562157
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Sindhu Cargo 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
Brands
Sindhu Cargo Services operates one associated brand: Sindhu. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive multi-modal freight forwarding solutions. | sindhucargo.com |
Business activity
The main business activity of Sindhu Cargo Services is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of Sindhu Cargo Services Private Limited, buy the company report.
Financials of Sindhu Cargo Services Private Limited
FY 2023 filings availableSindhu Cargo Services Private Limited reported revenue of ₹5.49 Cr (down 69% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 53% over five years, including a 69% fall 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹5.49 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹60.77 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.63 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -11.1% | ||||
| Net Profit Margin | -47.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Sindhu Cargo Services Private Limited, buy the company report.
Board of directors of Sindhu Cargo Services Private Limited
Sindhu Cargo Services has 3 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vedavathi Balaraju | Director | 01 Sep 2022 | 4 Years 1 Months | As last reported |
| Balaraju Gopalappa | Managing Director | 05 Sep 2009 | 17 Years 1 Months | As last reported |
| Shirley Mathew Also directs: Fresco NZ (India) Private Limited, Energy Management Engineers (India)Private Limited, Pbe Adx (India) Private Limited and 3 more | Irp/Rp/Liquidator | 14 Jun 2024 | 2 Years 4 Months | As last reported |
Peer comparison
Sindhu Cargo Services Private Limited is compared with the 4 companies closest to it by revenue in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (services incidental to land, water & air transportation), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Overseas Warehousing Private Limited | ₹5.52 Cr (FY 2024) | -28.0% | Punjab, India | |||
| Reliable Rydes Private Limited | ₹5.5 Cr (FY 2025) | -39.0% | New Delhi, Delhi, India | |||
| Primeway Cargo Private Limited | ₹5.5 Cr (FY 2024) | -26.0% | Chennai, Tamil Nadu, India | |||
| Sindhu Cargo Services Private Limitedthis company | ₹5.49 Cr (FY 2023) | -₹2.63 Cr | -47.8% | -69.0% | 15 | Bangalore, Karnataka, India |
| Himachal C & F Agency Private Limited | ₹5.47 Cr (FY 2025) | 0.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Sindhu Cargo Services Private Limited, buy the company report.
Auditor
Sindhu Cargo Services Private Limited is audited by Y V Jagannadha Rao & Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Y V Jagannadha Rao & Company | FY 2023 | 001201S |
Shareholding
The shareholding of Sindhu Cargo Services 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 Sindhu Cargo Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Apr 2017 | 100132892 | Hdfc Bank Limited | ₹12.37 Lakh | Open | |
| 09 Aug 2016 | 100046051 | Tata Capital Financial Services Limited | ₹14.08 Cr | Open | |
| 07 Jun 2016 | 100041658 | Others | ₹1.13 Cr | Open | |
| 07 Jun 2016 | 100041662 | Others | ₹74.57 Lakh | Open | |
| 06 Aug 2015 | 10586330 | Hdfc Bank Limited | ₹1.1 Cr | Open |
To see the full charge records of Sindhu Cargo Services Private Limited, buy the company report.
Total charge records: 38 View all charges
Deals & funding
Sindhu Cargo Services Private Limited has 12 deals on record (8 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹52.41 Cr; the latest was in December 2015.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Nov 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Sg Holdings Global Pte. Limited |
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Jul 2012 | Funding round | ₹49.8 Cr | Investors: Sg Holdings Global Pte. Limited |
| Sep 2011 | Funding round | ₹2.5 Cr | Investors: 2 individuals |
To see the full deal history of Sindhu Cargo Services 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
Sindhu Cargo Services Private Limited has 192 court cases on record: 103 filed by Sindhu Cargo Services, 89 filed against it. 18 cases are pending and 174 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 150 | 66 | 13 |
| High courts | 39 | 22 | 5 |
| Supreme Court | 2 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 192)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (CPCD) | Filed against the company by Tata Capital Financial Services Limited | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Yes Bank Ltd | Pending |
| High Court, KARNATAKA | Court case (CRL.P) | Filed against the company by The Champion Infometrics Pvt Ltd and 2 others | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed by the company against Ms/ Baramati Agro Limited and 6 others | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against The Champion Infometrics Pvt Ltd and 2 others | Pending |
To see the full case history of Sindhu Cargo Services 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
Sindhu Cargo Services Private Limited was last rated by Icra on 13 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 13 Apr 2022 |
To see the full credit ratings and regulatory alerts of Sindhu Cargo Services Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sindhu Cargo Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sindhu Cargo Services Private Limited has a workforce of 15 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Sindhu Cargo Services has 21 GST registrations: 1 active and 20 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCS9658P2Z8 | Karnataka | Active | 11 Sep 2024 |
To see the full GST registrations and return filing status of Sindhu Cargo Services Private Limited, buy the company report.
Recent activity
Sindhu Cargo Services Private Limited has 26 board changes on record since 2007: 3 appointments and 23 cessations. The latest: Shirley Mathew was appointed as Irp/Rp/Liquidator on 14 Jun 2024.
93 earlier events are in the company report.
Frequently asked questions
Sindhu Cargo Services 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.
Sindhu Cargo Services is a company under insolvency, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 04 October 1991 and is registered under CIN U85110KA1991PTC012381. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sindhu Cargo Services has 3 current directors:
- Balaraju Gopalappa - Managing Director
- Vedavathi Balaraju - Director
- Shirley Mathew - Irp/Rp/Liquidator
The latest financial statements of Sindhu Cargo Services on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sindhu Cargo Services is U85110KA1991PTC012381. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sindhu Cargo Services has open charges of ₹66.5 Cr and satisfied charges of ₹103.45 Cr as per latest MCA filings.
Sindhu Cargo Services has 192 court cases on record: 103 filed by the company and 89 filed against it. 18 are pending. Most are in the district courts.
Sindhu Cargo Services was incorporated on 04 October 1991. It is registered with the Registrar of Companies, Bangalore.
Sindhu Cargo Services has 12 deals on record (8 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹52.41 Cr; the latest was in December 2015.
The peers of Sindhu Cargo Services by revenue are Overseas Warehousing Private Limited, Reliable Rydes Private Limited, Primeway Cargo Private Limited, Himachal C & F Agency Private Limited, all in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (services incidental to land, water & air transportation).
Shirley Mathew was appointed as Irp/Rp/Liquidator on 14 Jun 2024. Vedavathi Balaraju ceased to be Additional Director on 30 Sep 2022. Vedavathi Balaraju was appointed as Director on 01 Sep 2022. Sindhu Cargo Services has 26 board changes on record in total.