MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0009608
Sovereign Shipping Private Limited - transport and logistics in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹38.27 Cr
▼ 45% YoY
Net loss · FY 2024
₹1.66 Cr
Net margin -4.3%
EBITDA · FY 2024
-₹1.17 Cr
EBITDA margin -3.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹1.98 Cr
Secured borrowings
Company age
20 yrs
Est. 2006
Employees · EPFO
23
Provident fund records
About Sovereign Shipping Private Limited
Data last updated:
Sovereign Shipping Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 23 August 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63012MH2006PTC163974. Its GSTIN is 27AAFCA8483M1Z1 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was formerly known as Arebee Logistics Private Limited. It is led by directors including Bipin Taro Vazirani and Apurva Bhupatrai Jasraj.
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 3rd Floor Imerial Chambers S Tolani Marg Ballard Estate, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2024, the company reported a revenue of ₹38.27 Cr, a decline of 45% compared to the previous year. For the same year it recorded a net loss of ₹1.66 Cr (net margin -4.3%) and EBITDA of -₹1.17 Cr (EBITDA margin -3.1%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 7% over five years.
The company has about 23 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.98 Cr on record. Court records list 22 cases involving the company, including 15 filed by the company and 7 filed against it; 7 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in October 2018.
Sovereign Shipping Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0009608). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sovship.net.
Company details
CIN U63012MH2006PTC163974
Registration Number 163974
Incorporation Date 23 August 2006
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0009608
Key People
Bipin Taro Vazirani Director Apurva Bhupatrai Jasraj Director Sunil Bhupatrai Jasraj Director Recognitions & Rankings of Sovereign Shipping
Contact details
Sovereign Shipping Private Limited's registered office is in Mumbai, Maharashtra. Its website is sovship.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address3rd Floor Imerial Chambers S Tolani Marg Ballard Estate, Mumbai, Maharashtra, India – 400001
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Sovereign Shipping Private Limited, buy the company report.
Comprehensive company report
Sovereign Shipping 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 Sovereign Shipping is transportation and storage. In detail, this covers warehousing and support activities for transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transportation and storage | 52 | Warehousing and support activities for transportation |
To see the full business activity and turnover split of Sovereign Shipping Private Limited, buy the company report.
Financials of Sovereign Shipping Private Limited
FY 2024 filings availableSovereign Shipping Private Limited reported revenue of ₹38.27 Cr (down 45% YoY) for FY 2024.
Revenue · FY 2024
₹38.27 Cr ▼ 45%
Net loss · FY 2024
₹1.66 Cr margin -4.3%
EBITDA · FY 2024
-₹1.17 Cr margin -3.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 45%
3 years · compounded
▼ 9%
5 years · compounded
▼ 7%
EBITDA CAGR growth
1 year
▼ 220%
3 years · compounded
▼ 43%
5 years · compounded
▼ 34%
Revenue has declined at a compounded annual rate (CAGR) of 7% over five years, including a 45% fall in the latest year. EBITDA fell 220% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | -₹1.17 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.66 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.1% | ||||
| Net Profit Margin | -4.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
| Inventory Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Sovereign Shipping Private Limited, buy the company report.
Board of directors of Sovereign Shipping Private Limited
Sovereign Shipping has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bipin Taro Vazirani Also directs: Emes Trading Pvt Ltd, Krishna Cargo Movers Private Limited, Locomotion India Private Limited and 5 more | Director | 28 Aug 2006 | 20 Years 2 Months | Current |
| Apurva Bhupatrai Jasraj | Director | 22 Dec 2008 | 17 Years 10 Months | Current |
| Sunil Bhupatrai Jasraj | Director | 22 Dec 2008 | 17 Years 10 Months | Current |
Auditor
Sovereign Shipping Private Limited is audited by S.H KUKREJA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.H KUKREJA & CO. | FY 2023 | 114282W |
Shareholding
The shareholding of Sovereign Shipping 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 Sovereign Shipping Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.98 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Dec 2015 | 10618068 | Yes Bank Limited | ₹1 Cr | Open | |
| 26 Aug 2008 | 10125177 | Bank of India | ₹98 Lakh | Open |
To see the full charge records of Sovereign Shipping Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Sovereign Shipping Private Limited has 2 deals on record (2 secondary share transfers); the latest was in October 2018.
Total deals
2
Secondary share transfers
2
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Apr 2008 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sovereign Shipping Private Limited has 22 court cases on record: 15 filed by Sovereign Shipping, 7 filed against it. 7 cases are pending and 15 are disposed.
Total cases
22
Filed by the company
15
Filed against the company
7
Pending
7
Disposed
15
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 7 | 6 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed by the company against Dicitex Furnishings Pvt. Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed by the company against Spruhaa Healthcare Pvt. Ltd. and 3 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed by the company against Swadhs Import and Export Pvt. Ltd. and Ors | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Ms P. K. International Exports Pvt Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Asia Freight India Co. Through Its Proprietor | Pending |
To see the full case history of Sovereign Shipping 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 Sovereign Shipping Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sovereign Shipping Private Limited has a workforce of 23 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
23
Active EPFO establishments
1
Employee growth
-4.17%
GST
Sovereign Shipping has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCA8483M1Z1 | Maharashtra | Active | 01 Jul 2017 |
| 03AAFCA8483M1ZB | Punjab | Active | 06 Jul 2017 |
To see the full GST registrations and return filing status of Sovereign Shipping Private Limited, buy the company report.
Recent activity
Sovereign Shipping Private Limited has 4 board changes on record since 2006: 3 appointments and 1 cessation. The latest: Sanjay Rajan Jhangiani ceased to be Director on 10 Sep 2018.
AGM
Sovereign Shipping Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Sovereign Shipping Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Sanjay Rajan Jhangiani ceased to be Director.
Charges
A charge with Yes Bank Limited amounted to Rs. 100.00 Lakh with Charge ID 10618068 was registered on 15 Dec 2015.
Charges
A charge with Bank Of India of Rs. 98.00 Lakh registered on 26 Aug 2008 with Charge ID 10125177 was modified on 25 Apr 2011.
Appointed
Apurva Bhupatrai Jasraj was appointed as Director.
Appointed
Sunil Bhupatrai Jasraj was appointed as Director.
Charges
A charge with Bank Of India amounted to Rs. 98.00 Lakh with Charge ID 10125177 was registered on 26 Aug 2008.
Appointed
Bipin Taro Vazirani was appointed as Director.
Incorporation
23 Aug 2006
Sovereign Shipping Private Limited was registered on 23 Aug 2006 with Roc Mumbai & aged 20 years 2 months as per MCA records.
Frequently asked questions
Sovereign Shipping is an active private limited company based in Mumbai, Maharashtra, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 23 August 2006 (20+ years old) and is registered under CIN U63012MH2006PTC163974.
Sovereign Shipping has 3 current directors:
- Bipin Taro Vazirani - Director
- Apurva Bhupatrai Jasraj - Director
- Sunil Bhupatrai Jasraj - Director
The latest financial statements of Sovereign Shipping 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 Sovereign Shipping is 27AAFCA8483M1Z1, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 03AAFCA8483M1ZB (Punjab).
The CIN (Corporate Identification Number) of Sovereign Shipping is U63012MH2006PTC163974. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sovereign Shipping has 22 court cases on record: 15 filed by the company and 7 filed against it. 7 are pending. Most are in the district courts.
Sovereign Shipping was incorporated on 23 August 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
Sovereign Shipping has 2 deals on record (2 secondary share transfers); the latest was in October 2018.
Sanjay Rajan Jhangiani ceased to be Director on 10 Sep 2018. Apurva Bhupatrai Jasraj was appointed as Director on 22 Dec 2008. Sunil Bhupatrai Jasraj was appointed as Director on 22 Dec 2008. Sovereign Shipping has 4 board changes on record in total.
Yes, Sovereign Shipping is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0009608).
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