Star Line Leasing Ltd
About Star Line Leasing Ltd
Data last updated:
Star Line Leasing Ltd is a public limited company based in Ahmedabad, Gujarat, 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 diversified financial services segment of the financial services sector. It was incorporated on 26 March 1984.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U70200GJ1984PLC112996. Its GSTIN is 24AAACS7851A1ZP (Gujarat).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹3.83 Cr. It is led by directors including Sachin Dinkar Bhattbhatt (Irp/Rp/Liquidator) and Suhas Dinkar Bhattbhatt (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 506 Abhijeet – I Near. Mithakhali Six Roads Ellisbridge, Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2022, the company reported a revenue of ₹17.05 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹2.96 Lakh (net margin -17.4%) and EBITDA of -₹2.63 Lakh (EBITDA margin -15.4%). Revenue has declined at a compounded annual rate (CAGR) of 90% over three years.
As per MCA filings, the company has satisfied charges of ₹115 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it.
Company details
CIN history
Star Line Leasing has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U70200GJ1984PLC112996, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70200GJ1984PLC112996 | Current |
| U99999UP1984PLC006485 | Previous |
| U99999GJ1984PLC112996 | Previous |
Contact details
Star Line Leasing Ltd's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address506 Abhijeet – I Near. Mithakhali Six Roads Ellisbridge, Ahmedabad, Gujarat, India – 380006
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Star Line Leasing Ltd, 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
Business activity
The main business activity of Star Line Leasing is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Star Line Leasing Ltd, buy the company report.
Financials of Star Line Leasing Ltd
FY 2022 filings availableStar Line Leasing Ltd reported revenue of ₹17.05 Lakh (up 1572% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 90% over three years. EBITDA rose 98% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹17.05 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.63 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.96 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -15.4% | ||||
| Net Profit Margin | -17.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Star Line Leasing Ltd, buy the company report.
Board of directors of Star Line Leasing Ltd
Star Line Leasing has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sachin Dinkar Bhattbhatt Also directs: Rajat Finsol Private Limited | Irp/Rp/Liquidator | 27 Dec 2023 | 2 Years 10 Months | As last reported |
| Paresh Pravinchandra Raval Also directs: Storeplast Private Limited | Additional Director | 16 Jun 2023 | 3 Years 4 Months | As last reported |
| Arvindkumar Juaringji Mali | Additional Director | 01 Jul 2023 | 3 Years 3 Months | As last reported |
| Parikh Amit Also directs: Healwell International Limited | Additional Director | 01 Jul 2023 | 3 Years 3 Months | As last reported |
| Suhas Dinkar Bhattbhatt Also directs: Aics Industries Limited | Irp/Rp/Liquidator | 28 Jul 2025 | 1 Years 3 Months | As last reported |
Auditor
Star Line Leasing Ltd is audited by Shah & Shah Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shah & Shah Associates | FY 2022 | 113742W |
Shareholding
The shareholding of Star Line Leasing Ltd is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Star Line Leasing Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Aug 2016 | 100051098 | Others | ₹85 Cr | Satisfied | |
| 10 Jun 2016 | 100043536 | Others | ₹30 Cr | Satisfied |
To see the full charge records of Star Line Leasing Ltd, buy the company report.
Total charge records: 2 View all charges
Legal cases
Star Line Leasing Ltd has 4 court cases on record: 2 filed by Star Line Leasing, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Commercial suit | Filed against the company by Vistra Itcl (India) Ltd. | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company | Disposed |
| NCLT, Ahmedabad | Interim or miscellaneous application | Filed by the company | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by The Commissioner of Income Tax -8, Mumbai | Disposed |
To see the full case history of Star Line Leasing Ltd, 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 Star Line Leasing Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Star Line Leasing has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACS7851A1ZP | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Star Line Leasing Ltd, buy the company report.
Recent activity
Star Line Leasing Ltd has 9 board changes on record since 1996: 5 appointments and 4 cessations. The latest: Suhas Dinkar Bhattbhatt was appointed as Irp/Rp/Liquidator on 28 Jul 2025.
4 earlier events are in the company report.
Frequently asked questions
Star Line Leasing 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.
Star Line Leasing is a company under insolvency, formerly operating as a public limited company based in Ahmedabad, Gujarat, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 26 March 1984 and is registered under CIN U70200GJ1984PLC112996. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Star Line Leasing has 5 current directors:
- Paresh Pravinchandra Raval - Additional Director
- Arvindkumar Juaringji Mali - Additional Director
- Parikh Amit - Additional Director
- Sachin Dinkar Bhattbhatt - Irp/Rp/Liquidator
- Suhas Dinkar Bhattbhatt - Irp/Rp/Liquidator
The latest financial statements of Star Line Leasing on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Star Line Leasing is U70200GJ1984PLC112996. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Star Line Leasing has no open charges and satisfied charges of ₹115 Cr as per latest MCA filings.
Star Line Leasing has 4 court cases on record: 2 filed by the company and 2 filed against it. Most are in the high courts.
Star Line Leasing was incorporated on 26 March 1984. It is registered with the Registrar of Companies, Ahmedabad.
Suhas Dinkar Bhattbhatt was appointed as Irp/Rp/Liquidator on 28 Jul 2025. Sachin Dinkar Bhattbhatt was appointed as Irp/Rp/Liquidator on 27 Dec 2023. Arvindkumar Juaringji Mali was appointed as Additional Director on 01 Jul 2023. Star Line Leasing has 9 board changes on record in total.
The registered office of Star Line Leasing is at 506 Abhijeet – I Near. Mithakhali Six Roads Ellisbridge, Ahmedabad, Gujarat, India – 380006.
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