About Smart Ship Innovative Solutions Limited
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Smart Ship Innovative Solutions Limited is a public limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 10 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U63030KA2019PLC124222. Its GSTIN is 29ABCCS0407R1ZY (Karnataka). The company holds 7 GST registrations, all of them active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.65 Cr. It is led by directors including Sourav Mishra (Whole-Time Director) and Yanamala Gangadhar Reddy.
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 91 Springboard Business Hub No 512/10 Service Lane Outer Ring Road Mahadevapura, Bangalore, Karnataka, India – 560048.
As per the financials filed for FY 2023, the company reported a revenue of ₹84.02 Cr, a growth of 40% compared to the previous year. For the same year it recorded a net profit of ₹1.34 Cr (net margin 1.6%) and EBITDA of ₹3.72 Cr (EBITDA margin 4.4%). Revenue has grown at a compounded annual rate (CAGR) of 94% over three years.
The company has about 149 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Logicarts. As per MCA filings, the company has open charges of ₹16.98 Cr and satisfied charges of ₹2.8 Cr on record. Court records list 23 cases involving the company, including 21 filed against it; 20 cases are pending. The company has 7 deals on record (2 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2.61 Cr; the latest was in March 2025. Its 10 peer companies in the Transport and Logistics industry (Diversified Logistics) are compared by revenue, 5 larger and 5 smaller; the largest is Flying Green Carriers Private Limited with revenue of ₹84.52 Cr.
For more details, the company can be reached via its website logicarts.in.
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- Registered Address91 Springboard Business Hub No 512/10 Service Lane Outer Ring Road Mahadevapura, Bangalore, Karnataka, India – 560048
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
- 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
Business Activity of Smart Ship Innovative Solutions Limited
The main business activity of Smart Ship Innovative Solutions is transport and storage. In detail, this covers land transport via road.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Smart Ship Innovative Solutions Limited FY 2024 filings available
Smart Ship Innovative Solutions Limited reported revenue of ₹84.02 Cr (up 40% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Smart Ship Innovative Solutions Limited
Revenue has grown at a compounded annual rate (CAGR) of 94% over three years, including 40% growth in the latest year. EBITDA rose 58% 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 Smart Ship Innovative Solutions Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹84.02 Cr | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | ₹3.72 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.34 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 of Smart Ship Innovative Solutions Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 4.4% | •••• | •••• | •••• |
| Net Profit Margin | 1.6% | •••• | •••• | •••• |
| 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 Smart Ship Innovative Solutions are in the company report.
Financial statements from FY 2020
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 Smart Ship Innovative Solutions Limited
Smart Ship Innovative Solutions Limited is compared with the companies closest to it by revenue in the Transport and Logistics industry (Diversified Logistics). Its own revenue is ₹84.02 Cr.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Flying Green Carriers Private Limited | ₹84.52 Cr | ₹43.65 Lakh | 1% | -2% | 56 | Delhi, India |
| Supreme SCS Private Limited | ₹84.26 Cr | ₹64.46 Lakh | 1% | +2% | 6 | Ahmedabad, Gujarat, India |
| RM Infralogistics Private Limited | ₹84.24 Cr | ₹5.16 Cr | 6% | -53% | Kolkata, West Bengal, India | |
| Nitco Logistics Private Limited | ₹84.19 Cr | ₹10.44 Cr | 12% | +8% | Jammu And Kashmir, Jammu & Kashmir, India | |
| FM Global Logistics (India) Private Limited | ₹84.17 Cr | ₹1.76 Cr | 2% | +59% | 36 | Chennai City Corporation, Tamil Nadu, India |
| Smart Ship Innovative Solutions Limited this company | ₹84.02 Cr | ₹1.34 Cr | 1.6% | Bangalore, Karnataka, India | ||
| Armour Ray Ventures Private Limited | ₹83.84 Cr | ₹9.52 Cr | 11% | +197% | Jharsuguda, Orissa, India | |
| Vital Industries India Private Limited | ₹83.79 Cr | ₹5.45 Cr | 7% | +12% | Chennai, Tamil Nadu, India | |
| Fortune Shipping Private Limited | ₹83.76 Cr | ₹1.13 Cr | 1% | +1% | 68 | Gandhidham, Gujarat, India |
| Vinayak Bulk Movers Private Limited | ₹82.65 Cr | ₹19.31 Lakh | 0% | +4% | Delhi, India | |
| Credent Connect N Care Limited | ₹82.54 Cr | ₹5.53 Cr | 7% | +7% | 1,116 | New, Delhi, India |
Peers are the five companies nearest above and the five nearest below Smart Ship Innovative Solutions by revenue in the Transport and Logistics industry (Diversified Logistics), from the latest filed financials of each company. Figures are as filed with the Ministry of Corporate Affairs or the stock exchanges.
Board of Directors of Smart Ship Innovative Solutions Limited
Smart Ship Innovative Solutions 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 |
|---|---|---|---|---|
| Yanamala Gangadhar Reddy Also directs: 3L Ventures Private Limited, Tracckle AI Solutions Private Limited | Director | 10 May 2019 | 7 Years 4 Months | Current |
| Maddula Durga Sushma Also directs: BKV Industries Limited, Coromandel Agro Products and Oils Limited, Bhavanapadu Port Development Corporation Limited and 2 more | Director | 22 Mar 2025 | 1 Years 6 Months | Current |
| Sourav Mishra Also directs: SRMS Supply Chain Solutions Private Limited | Whole-Time Director | 24 Sep 2025 | 1 Years 0 Months | Current |
Charges & Borrowings of Smart Ship Innovative Solutions Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Dec 2024 | Others | ₹2 Cr | Open |
| 18 Jul 2023 | Hdfc Bank Limited | ₹23.14 Lakh | Open |
| 05 Jul 2023 | Axis Bank Limited | ₹11 Cr | Open |
| 18 May 2023 | Hdfc Bank Limited | ₹25 Lakh | Open |
| 26 Nov 2021 | Others | ₹50 Lakh | Open |
Total charge records: 8 View all charges
Deals & Funding of Smart Ship Innovative Solutions Limited
Smart Ship Innovative Solutions Limited has 7 deals on record (2 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2.61 Cr; the latest was in March 2025.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Funding round | ₹1.03 Cr | Investors: 4 individuals |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2022 | Debt financing | ₹1.5 Cr | Investors: Karnation Fund I |
| May 2022 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Jul 2020 | Rights issue | ₹12 Lakh | Investors: 4 individuals |
Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Smart Ship Innovative Solutions Limited
Smart Ship Innovative Solutions Limited has 23 court cases on record: 21 filed against it, 2 where it is another party. 20 cases are pending and 3 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 19 | 18 |
| High courts | 2 | 2 | 2 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Arbitration matter | Filed against the company by Tata Capital Limited | Pending |
| Madras High Court | Arbitration matter | Filed against the company by TVS Credit Services Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ugro Capital Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Neogrowth Credit Private Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Protium Finance Limited | Pending |
Full case history
All 23 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.
Associated Brands with Smart Ship Innovative Solutions Limited
Smart Ship Innovative Solutions operates one associated brand: Logicarts. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates an online marketplace for trucking services. | logicarts.in |
Employees and EPFO Compliance at Smart Ship Innovative Solutions Limited
Employment history and EPFO contributions of people linked to Smart Ship Innovative Solutions.
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.
CIN History of Smart Ship Innovative Solutions Limited
Smart Ship Innovative Solutions has one previous CIN (Corporate Identification Number): U63030KA2019PTC124222. The current CIN is U63030KA2019PLC124222, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U63030KA2019PLC124222 | Current |
| U63030KA2019PTC124222 | Previous |
Recent Activity on Smart Ship Innovative Solutions Limited
Smart Ship Innovative Solutions Limited has 5 board changes on record since 2019: 3 appointments and 2 cessations. The latest: Varalakshmi ceased to be Director on 03 Oct 2025.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Smart Ship Innovative Solutions 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 Smart Ship Innovative Solutions 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 Smart Ship Innovative Solutions 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 Smart Ship Innovative Solutions Limited
Smart Ship Innovative Solutions has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29ABCCS0407R1ZY | Karnataka | Active | 02 Jul 2019 |
| 36ABCCS0407R1Z3 | Telangana | Active | 27 Feb 2020 |
| 33ABCCS0407R1Z9 | Tamil Nadu | Active | 27 Oct 2020 |
| 37ABCCS0407R1Z1 | Andhra Pradesh | Active | 08 Jun 2021 |
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 Smart Ship Innovative Solutions 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 Smart Ship Innovative Solutions Limited
Smart Ship Innovative Solutions is an active public 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 10 May 2019 (7+ years old) and is registered under CIN U63030KA2019PLC124222.
Smart Ship Innovative Solutions reported revenue of ₹84.02 Cr for FY 2023 (up 40% YoY).
Smart Ship Innovative Solutions has 3 current directors:
- Sourav Mishra - Whole-Time Director
- Yanamala Gangadhar Reddy - Director
- Maddula Durga Sushma - Director
Smart Ship Innovative Solutions reported a net profit of ₹1.34 Cr (net margin 1.6%) and EBITDA of ₹3.72 Cr (EBITDA margin 4.4%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Smart Ship Innovative Solutions is 94% over three years. In the latest year (FY 2023) revenue rose 40%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Smart Ship Innovative Solutions is 29ABCCS0407R1ZY, registered in Karnataka. The company has 7 GST registrations in all, of which 7 are active. Other active GSTINs include 36ABCCS0407R1Z3 (Telangana), 33ABCCS0407R1Z9 (Tamil Nadu), 37ABCCS0407R1Z1 (Andhra Pradesh).
The CIN (Corporate Identification Number) of Smart Ship Innovative Solutions is U63030KA2019PLC124222. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Smart Ship Innovative Solutions has 23 court cases on record: 21 filed against it. 20 are pending. Most are in the district courts.
Smart Ship Innovative Solutions was incorporated on 10 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Smart Ship Innovative Solutions has 7 deals on record (2 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2.61 Cr; the latest was in March 2025.
The peers of Smart Ship Innovative Solutions by revenue are Flying Green Carriers Private Limited, Supreme SCS Private Limited, RM Infralogistics Private Limited, Nitco Logistics Private Limited, FM Global Logistics (India) Private Limited and 5 more, all in the Transport and Logistics industry (Diversified Logistics).