About Startek Shipyards Private Limited
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Startek Shipyards Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the shipbuilding and repair services segment of the transport and logistics sector. It was incorporated on 09 April 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U35111TN2003PTC050672. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹4 Cr. It is led by directors Deepak Rao Beedu (Whole-Time Director) and Udayaprakash Subash.
Its last annual general meeting (AGM) was held on 27 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at No.5A II Block Chowdherycomplex 7 Nandanam Chennai 35, Tamil Nadu, India – 600035.
As per the financials filed for FY 2019, the company reported a revenue of ₹83.28 Lakh, a decline of 57% compared to the previous year. For the same year it recorded a net profit of ₹98,396 (net margin 1.2%) and EBITDA of ₹5.19 Lakh (EBITDA margin 6.2%). Revenue has declined at a compounded annual rate (CAGR) of 50% over three years and 20% over five years.
The company has about 64 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹19.6 Cr and satisfied charges of ₹3.94 Cr on record. Court records list 16 cases involving the company, including 9 filed by the company and 6 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website startekshipyard.com.
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- TelephoneLocked
- Website
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- Registered AddressNo.5A II Block Chowdherycomplex 7 Nandanam Chennai 35, Tamil Nadu, India – 600035
- IndustryTransport and Logistics, Shipbuilding & Repair 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 Startek Shipyards Private Limited
The main business activity of Startek Shipyards is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation | 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 Startek Shipyards Private Limited FY 2019 filings available
Startek Shipyards Private Limited reported revenue of ₹83.28 Lakh (down 57% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Startek Shipyards Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 20% over five years, including a 57% fall in the latest year. EBITDA fell 40% 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 Startek Shipyards Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹83.28 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹5.19 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹98,396 | •••• | •••• | •••• | •••• |
| 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 Startek Shipyards Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Startek Shipyards are in the company report.
Financial statements from 2015
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.
Board of Directors of Startek Shipyards Private Limited
Startek Shipyards has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Udayaprakash Subash | Director | 30 Sep 2009 | 17 Years 0 Months | Current |
| Deepak Rao Beedu | Whole-Time Director | 09 Apr 2003 | 23 Years 6 Months | Current |
Peer Comparison of Startek Shipyards Private Limited
Startek Shipyards Private Limited is compared with the companies closest to it by revenue in the Shipping industry (Shipbuilding and Repairs). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vadyar Boats Private Limited | ₹94.14 Lakh (FY 2024) | •••• | •••• | 122.0% | •••• | Ekkatuthangal Madras, Tamil Nadu, India |
| Melody Shipmanagement Private Limited | ₹92.13 Lakh (FY 2025) | •••• | •••• | 161.0% | •••• | Vasai, Maharashtra, India |
| Jaladurga Shipping Private Limited | ₹91.43 Lakh (FY 2025) | •••• | •••• | -6.0% | •••• | Chennai, Tamil Nadu, India |
| Marine Syndicate Private Limited | ₹88.74 Lakh (FY 2024) | •••• | •••• | -33.0% | •••• | Ratnagiri, Maharashtra, India |
| Mis Marine & Industrial Solutions Private Limited | ₹87.35 Lakh (FY 2024) | •••• | •••• | 259.0% | •••• | Thane, Maharashtra, India |
| Startek Shipyards Private Limited this company | ₹83.28 Lakh (FY 2019) | •••• | •••• | -57.0% | •••• | Chennai, Tamil Nadu, India |
| D. M. Ship Repairs Private Limited | ₹82 Lakh (FY 2020) | •••• | •••• | 27.0% | •••• | Navi Mumbai, Maharashtra, India |
| Alcraft Marine Private Limited | ₹80.65 Lakh (FY 2024) | •••• | •••• | 11.0% | •••• | Kundaim, Goa, India |
| Sea Spray Aluminium Boats India Private Limited | ₹79 Lakh (FY 2024) | •••• | •••• | 88.0% | •••• | Mumbai, Maharashtra, India |
| Hansa Marine Services Private Limited | ₹77.97 Lakh (FY 2020) | •••• | •••• | 15.0% | •••• | Navi Mumbai, Maharashtra, India |
| Mkel Consult Private Limited | ₹77.71 Lakh (FY 2025) | •••• | •••• | •••• | Ernakulam, Kerala, India |
Peers are the five companies nearest above and the five nearest below Startek Shipyards by revenue in the Shipping industry (Shipbuilding and Repairs), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Startek Shipyards Private Limited
Startek Shipyards Private Limited is audited by GAYATHRI DHANABAL & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GAYATHRI DHANABAL & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Startek Shipyards Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Startek Shipyards Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Jun 2006 | Axis Bank Limited | ₹19.6 Cr | Open |
| 13 Jul 2005 | Canara Bank | ₹3.94 Cr | Satisfied |
Total charge records: 2 View all charges
Legal Cases of Startek Shipyards Private Limited
Startek Shipyards Private Limited has 16 court cases on record: 9 filed by Startek Shipyards, 6 filed against it, 1 where it is another party. 1 case is pending and 15 are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 1 | 1 |
| District courts | 5 | 5 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Appeal | Filed against the company by Chennai Port Trust | Pending |
| District court, Ballia, Uttar Pradesh | Criminal case | Filed against the company by State of U.P | Disposed |
| High Court of Kerala | Writ petition | Filed by the company against Union of India | Disposed |
| High Court of Kerala | Court case (OP(C)) | Filed by the company against Union of India | Disposed |
| Madras High Court | Appeal | Filed by the company against Chennai Port Trust | Disposed |
Full case history
All 16 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.
Employees and EPFO Compliance at Startek Shipyards Private Limited
Startek Shipyards Private Limited has a workforce of 64 employees as of Jun 27, 2024.
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.
Recent Activity on Startek Shipyards Private Limited
Startek Shipyards Private Limited has 4 board changes on record since 2003: 2 appointments and 2 cessations. The latest: Udayaprakash Subash ceased to be Additional Director on 30 Sep 2010.
Credit Ratings, Litigation & Regulatory Alerts for Startek Shipyards Private 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 Startek Shipyards Private 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
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Subsidiaries & Group Companies of Startek Shipyards Private 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
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GST Compliance of Startek Shipyards Private Limited
Startek Shipyards has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
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 Startek Shipyards Private 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 Startek Shipyards Private Limited
Startek Shipyards is an active private limited company based in Chennai, Tamil Nadu, India. The company works in shipbuilding and repair services, within the transport and logistics industry. It was incorporated on 09 April 2003 (23+ years old) and is registered under CIN U35111TN2003PTC050672.
Startek Shipyards reported revenue of ₹83.28 Lakh for FY 2019 (down 57% YoY).
Startek Shipyards has 2 current directors:
- Deepak Rao Beedu - Whole-Time Director
- Udayaprakash Subash - Director
Startek Shipyards reported a net profit of ₹98,396 (net margin 1.2%) and EBITDA of ₹5.19 Lakh (EBITDA margin 6.2%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Startek Shipyards is -50% over three years and -20% over five years. In the latest year (FY 2019) revenue fell 57%. CAGR is the steady yearly rate that links the first and the last year.
No. Startek Shipyards has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Startek Shipyards is U35111TN2003PTC050672. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Startek Shipyards has 16 court cases on record: 9 filed by the company and 6 filed against it. 1 is pending. Most are in the high courts.
Startek Shipyards was incorporated on 09 April 2003, making it 23+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Startek Shipyards by revenue are Vadyar Boats Private Limited, Melody Shipmanagement Private Limited, Jaladurga Shipping Private Limited, Marine Syndicate Private Limited, Mis Marine & Industrial Solutions Private Limited and 5 more, all in the Shipping industry (Shipbuilding and Repairs).
Udayaprakash Subash ceased to be Additional Director on 30 Sep 2010. Udayaprakash Subash was appointed as Director on 30 Sep 2009. Biren Mukherjee ceased to be Managing Director on 06 Sep 2009. Startek Shipyards has 4 board changes on record in total.