MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-33-0034320
Sits Express Private Limited - transport and logistics in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹9.91 Cr
▼ 17% YoY
Net loss · FY 2025
₹11.94 Lakh
Net margin -1.2%
EBITDA · FY 2025
₹32.13 Lakh
EBITDA margin 3.2%
Authorised capital
₹24 Lakh
Registered with MCA
Paid-up capital
₹6.51 Lakh
Issued & subscribed
Open charges
₹2.82 Cr
Secured borrowings
Company age
29 yrs
Est. 1997
Employees · EPFO
9
Provident fund records
About Sits Express Private Limited
Data last updated:
Sits Express Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the carriers services segment of the transport and logistics sector. It was incorporated on 05 September 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U60210MH1997PTC110498. Its GSTIN is 27AAECS6865Q1ZE (Maharashtra).
The company has an authorised share capital of ₹24 Lakh and a paid-up capital of ₹6.51 Lakh. It is led by directors including Uday Prakash Shanbhag and Jyoti Shanbhag Prakash.
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 Unit No 1003 Solus Hiranandani Estate, Thane, Maharashtra, India – 400607.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.91 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net loss of ₹11.94 Lakh (net margin -1.2%) and EBITDA of ₹32.13 Lakh (EBITDA margin 3.2%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years.
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.82 Cr on record. Court records list 16 cases involving the company, including 2 filed by the company and 14 filed against it; 1 case is pending.
Sits Express Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0034320). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sitsexpress.com.
Company details
CIN U60210MH1997PTC110498
Registration Number 110498
Incorporation Date 05 September 1997
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-33-0034320
Key People
Uday Prakash Shanbhag Director Jyoti Shanbhag Prakash Director Deepa Prakash Shanbhag Director Recognitions & Rankings of Sits Express
Contact details
Sits Express Private Limited's registered office is in Thane, Maharashtra. Its website is sitsexpress.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressUnit No 1003 Solus Hiranandani Estate, Thane, Maharashtra, India – 400607
- IndustryTransport and Logistics, Carriers Services
To see the full contact details of Sits Express Private Limited, buy the company report.
Comprehensive company report
Sits Express Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Sits Express is transportation and storage. In detail, this covers land transport and transport via pipelines.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transportation and storage | 49 | Land transport and transport via pipelines |
To see the full business activity and turnover split of Sits Express Private Limited, buy the company report.
Financials of Sits Express Private Limited
FY 2025 filings availableSits Express Private Limited reported revenue of ₹9.91 Cr (down 17% YoY) for FY 2025.
Revenue · FY 2025
₹9.91 Cr ▼ 17%
Net loss · FY 2025
₹11.94 Lakh margin -1.2%
EBITDA · FY 2025
₹32.13 Lakh margin 3.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 17%
3 years · compounded
▼ 16%
EBITDA CAGR growth
1 year
▲ 110%
3 years · compounded
▼ 28%
5 years · compounded
▼ 14%
Revenue has declined at a compounded annual rate (CAGR) of 16% over three years, including a 17% fall in the latest year. EBITDA rose 110% 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 | ₹32.13 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11.94 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.2% | ||||
| Net Profit Margin | -1.2% | ||||
| 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 Sits Express Private Limited, buy the company report.
Board of directors of Sits Express Private Limited
Sits Express has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Uday Prakash Shanbhag | Director | 05 Sep 1997 | 29 Years 2 Months | Current |
| Jyoti Shanbhag Prakash Also directs: Boundless Borders LLP | Director | 05 Sep 1997 | 29 Years 2 Months | Current |
| Deepa Prakash Shanbhag Also directs: Pioneer Clay and Industrial Works Limited | Director | 01 Oct 2020 | 6 Years 1 Months | Current |
| Prachi Uday Shanbhag | Director | 01 Oct 2020 | 6 Years 1 Months | Current |
Peer comparison
Sits Express Private Limited is compared with the 4 companies closest to it by revenue in the Transport and Logistics industry (Road Carriers and Trucking), with the same principal business activity (land transport and transport via pipelines), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hari Om Logistics Private Limited | ₹10.04 Cr (FY 2024) | 21.0% | New Delhi, Delhi, India | |||
| Sits Express Private Limitedthis company | ₹9.91 Cr (FY 2025) | -₹11.94 Lakh | -1.2% | -17.0% | 9 | Thane, Maharashtra, India |
| R D Pratham and Co Private Limited | ₹9.87 Cr (FY 2024) | 28.0% | New Delhi, Delhi, India | |||
| Atul Transport Private Limited | ₹9.83 Cr (FY 2024) | 4.0% | Pune, Maharashtra, India | |||
| Escon Shipping Services Private Limited | ₹9.8 Cr (FY 2024) | 1106.0% | Navi Mumbai, Maharashtra, India |
To see the full peer comparison of Sits Express Private Limited, buy the company report.
Auditor
Sits Express Private Limited is audited by M P JAIN & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M P JAIN & ASSOCIATES | FY 2021 | 136131W |
Shareholding
The shareholding of Sits Express Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sits Express Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.82 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Mar 2021 | 100429616 | Hdfc Bank Limited | ₹89.61 Lakh | Open | |
| 03 Dec 2019 | 100310946 | Axis Bank Limited | ₹20.94 Lakh | Open | |
| 31 Aug 2019 | 100289229 | Axis Bank Limited | ₹52.76 Lakh | Open | |
| 11 Jan 2018 | 100150315 | Others | ₹12 Lakh | Open | |
| 27 Feb 2017 | 100093580 | Others | ₹37.16 Lakh | Open |
Total charge records: 13 View all charges
Legal cases
Sits Express Private Limited has 16 court cases on record: 2 filed by Sits Express, 14 filed against it. 1 case is pending and 15 are disposed.
Total cases
16
Filed by the company
2
Filed against the company
14
Pending
1
Disposed
15
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 14 | 1 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, TUMAKURU, Karnataka | Motor accident claim | Filed against the company by an individual | Pending |
| District court, Ratnagiri, Maharashtra | Court case (MACP. M.A.) | Filed against the company by individuals | Disposed |
| District court, TUMAKURU, Karnataka | Motor accident claim | Filed against the company by an individual | Disposed |
| District court, VIJAYAPURA, Karnataka | Court case (ECA) | Filed against the company by individuals | Disposed |
| District court, Ratnagiri, Maharashtra | Court case (M.A.C.P.) | Filed against the company by individuals | Disposed |
To see the full case history of Sits Express 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 Sits Express Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sits Express Private Limited has a workforce of 9 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
9
Active EPFO establishments
1
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 9 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Sits Express Private Limited, buy the company report.
GST
Sits Express has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECS6865Q1ZE | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sits Express Private Limited, buy the company report.
Recent activity
Sits Express Private Limited has 7 board changes on record since 1997: 4 appointments and 3 cessations. The latest: Deepa Prakash Shanbhag ceased to be Additional Director on 31 Dec 2020.
AGM
Sits Express Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Sits Express Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 89.61 Lakh with Charge ID 100429616 was registered on 08 Mar 2021.
Ceased
Deepa Prakash Shanbhag ceased to be Additional Director.
Ceased
Prachi Uday Shanbhag ceased to be Additional Director.
Appointed
Deepa Prakash Shanbhag was appointed as Director.
Appointed
Prachi Uday Shanbhag was appointed as Director.
Ceased
Prakash Narayan Shanbhag ceased to be Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 20.94 Lakh with Charge ID 100310946 was registered on 03 Dec 2019.
Charges
A charge with Axis Bank Limited amounted to Rs. 52.76 Lakh with Charge ID 100289229 was registered on 31 Aug 2019.
Charges
A charge with Others amounted to Rs. 12.00 Lakh with Charge ID 100150315 was registered on 11 Jan 2018.
Charges
A charge with Others amounted to Rs. 37.16 Lakh with Charge ID 100093580 was registered on 27 Feb 2017.
11 earlier events are in the company report.
Frequently asked questions
Sits Express is an active private limited company based in Thane, Maharashtra, India. The company works in carriers services, within the transport and logistics industry. It was incorporated on 05 September 1997 (29+ years old) and is registered under CIN U60210MH1997PTC110498.
Sits Express has 4 current directors:
- Uday Prakash Shanbhag - Director
- Jyoti Shanbhag Prakash - Director
- Deepa Prakash Shanbhag - Director
- Prachi Uday Shanbhag - Director
The latest financial statements of Sits Express 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.
The GSTIN of Sits Express is 27AAECS6865Q1ZE, registered in Maharashtra.
The CIN (Corporate Identification Number) of Sits Express is U60210MH1997PTC110498. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sits Express has 16 court cases on record: 2 filed by the company and 14 filed against it. 1 is pending. Most are in the district courts.
Sits Express was incorporated on 05 September 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Sits Express by revenue are Hari Om Logistics Private Limited, R D Pratham and Co Private Limited, Atul Transport Private Limited, Escon Shipping Services Private Limited, all in the Transport and Logistics industry (Road Carriers and Trucking), with the same principal business activity (land transport and transport via pipelines).
Deepa Prakash Shanbhag ceased to be Additional Director on 31 Dec 2020. Prachi Uday Shanbhag ceased to be Additional Director on 31 Dec 2020. Deepa Prakash Shanbhag was appointed as Director on 01 Oct 2020. Sits Express has 7 board changes on record in total.
Yes, Sits Express is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0034320).
Sits Express can be reached through the website sitsexpress.com. Its registered office is in Thane, Maharashtra, India.
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