MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-AP-10-0002508
Synergy Shipping Private Limited - transport and logistics in Visakhapatnam, Andhra Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹121.82 Cr
▲ 61% YoY
Net profit · FY 2023
₹13.02 Cr
Net margin 10.7%
EBITDA · FY 2023
₹101.76 Cr
EBITDA margin 83.5%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹40 Lakh
Issued & subscribed
Open charges
₹58.22 Cr
Satisfied ₹18.85 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
485
Provident fund records
About Synergy Shipping Private Limited
Data last updated:
Synergy Shipping Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 15 June 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U63012AP2004PTC043480. Its GSTIN is 37AAICS2637Q1ZN (Andhra Pradesh). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹40 Lakh. It is led by directors Venu Gopal Miriyala (Managing Director) and Radhamani Miriyala.
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 D.No. 30 – 15 – 164/4/4F1 Pereira Manor – 4th Floor Main Road Dabagardens, Visakhapatnam, Andhra Pradesh, India – 530020.
As per the financials filed for FY 2023, the company reported a revenue of ₹121.82 Cr, a growth of 61% compared to the previous year. For the same year it recorded a net profit of ₹13.02 Cr (net margin 10.7%) and EBITDA of ₹101.76 Cr (EBITDA margin 83.5%). Revenue has grown at a compounded annual rate (CAGR) of 57% over three years and 54% over five years.
The company has about 485 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Synergy Shipping. As per MCA filings, the company has open charges of ₹58.22 Cr and satisfied charges of ₹18.85 Cr on record. Court records list 54 cases involving the company, including 23 filed by the company and 31 filed against it; 11 cases are pending. The company has 11 deals on record (6 secondary share transfers, 3 rights issues, 2 funding rounds), with disclosed funding of ₹44 Lakh; the latest was in March 2023. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 3 overdue payments to 3 micro and small suppliers.
Synergy Shipping Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-AP-10-0002508). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website synergyshipping.in.
Company details
CIN U63012AP2004PTC043480
Registration Number 043480
Incorporation Date 15 June 2004
ROC Vijayawada
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-AP-10-0002508
Recognitions & Rankings of Synergy Shipping
Contact details
Synergy Shipping Private Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its website is synergyshipping.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressD.No. 30 – 15 – 164/4/4F1 Pereira Manor – 4th Floor Main Road Dabagardens, Visakhapatnam, Andhra Pradesh, India – 530020
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Synergy Shipping Private Limited, buy the company report.
Comprehensive company report
Synergy 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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Brands
Synergy Shipping operates one associated brand: Synergy Shipping. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Shipping agency, stevedoring, transportation, warehousing, and freight forwarding services in India. | synergyshipping.in |
Financials of Synergy Shipping Private Limited
FY 2024 filings availableSynergy Shipping Private Limited reported revenue of ₹121.82 Cr (up 61% YoY) for FY 2023.
Revenue · FY 2023
₹121.82 Cr ▲ 61%
Net profit · FY 2023
₹13.02 Cr margin 10.7%
EBITDA · FY 2023
₹101.76 Cr margin 83.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 61%
3 years · compounded
▲ 57%
5 years · compounded
▲ 54%
EBITDA CAGR growth
1 year
▲ 520%
3 years · compounded
▲ 166%
5 years · compounded
▲ 117%
Revenue has grown at a compounded annual rate (CAGR) of 54% over five years, including 61% growth in the latest year. EBITDA rose 520% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹121.82 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹101.76 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.02 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 83.5% | ||||
| Net Profit Margin | 10.7% | ||||
| 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 Synergy Shipping Private Limited, buy the company report.
Board of directors of Synergy Shipping Private Limited
Synergy Shipping has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Radhamani Miriyala | Director | 18 Dec 2014 | 11 Years 10 Months | Current |
| Venu Gopal Miriyala Also directs: Shubha Sankalp LLP, Synergy Infra Projects LLP, Synergy Trade Impex (India) Private Limited and 3 more | Managing Director | 15 Jun 2004 | 22 Years 4 Months | Current |
Auditor
Synergy Shipping Private Limited is audited by RAO & RAO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAO & RAO | FY 2023 | 003100S |
Shareholding
The shareholding of Synergy 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 Synergy Shipping Private Limited, buy the company report.
Charges & borrowings
Open charges
₹58.22 Cr
Satisfied charges
₹18.85 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Aug 2025 | 101179460 | Hdfc Bank Limited | ₹49.55 Lakh | Open | |
| 02 Aug 2025 | 101157644 | Hdfc Bank Limited | ₹2.5 Cr | Open | |
| 19 Jul 2025 | 101162454 | Hdfc Bank Limited | ₹2 Cr | Open | |
| 23 May 2025 | 101096869 | Others | ₹10 Cr | Open | |
| 03 Jul 2024 | 100953354 | Others | ₹25 Cr | Open |
To see the full charge records of Synergy Shipping Private Limited, buy the company report.
Total charge records: 26 View all charges
Deals & funding
Synergy Shipping Private Limited has 11 deals on record (6 secondary share transfers, 3 rights issues, 2 funding rounds), with disclosed funding of ₹44 Lakh; the latest was in March 2023.
Total deals
11
Secondary share transfers
6
Rights issues
3
Funding rounds
2
Disclosed funding
₹44 Lakh
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Nov 2022 | Rights issue | ₹62.9 Lakh | Investors: 2 individuals |
| Mar 2019 | Rights issue | ₹40 Lakh | Investors: 4 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| May 2015 | Rights issue | ₹45 Lakh | Investors: 4 individuals |
To see the full deal history of Synergy Shipping Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Synergy Shipping Private Limited has 54 court cases on record: 23 filed by Synergy Shipping, 31 filed against it. 11 cases are pending and 43 are disposed.
Total cases
54
Filed by the company
23
Filed against the company
31
Pending
11
Disposed
43
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 32 | 15 | 9 |
| District courts | 22 | 16 | 2 |
Cases on record (5 of 54)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against The Steel Authority of India Ltd and 3 others | Pending |
| District court, Visakapatnam, Andhra Pradesh | Civil suit | Filed by the company against PSTS Logistics Private Limited | Disposed |
| High Court, ANDHRAPRADESH | Civil suit | Filed by the company against Sakthi Shipping Services (India) Pvt. Ltd. & Another and 1 other | Disposed |
| District court, Visakapatnam, Andhra Pradesh | Civil suit | Filed by the company against M/S Vasishta Mantena Nh4 JV | Pending |
| High Court of Andhra Pradesh | Writ petition | Filed by the company against The Assistant Commissioner of State Tax | Pending |
To see the full case history of Synergy 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
Synergy Shipping Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 3 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Visakha Shipping & Logistics | |||
| an individual supplier |
To see the full MSME payment records of Synergy Shipping Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Synergy Shipping Private Limited has a workforce of 485 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
485
Active EPFO establishments
1
Employee growth
15.48%
GST
Synergy Shipping has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAICS2637Q1ZN | Andhra Pradesh | Active | 01 Jul 2017 |
| 21AAICS2637Q1Z0 | Odisha | Active | 01 Jul 2017 |
| 33AAICS2637Q1ZV | Tamil Nadu | Active | 26 Oct 2020 |
To see the full GST registrations and return filing status of Synergy Shipping Private Limited, buy the company report.
Recent activity
Synergy Shipping Private Limited has 9 board changes on record since 2004: 2 appointments and 7 cessations. The latest: Prashanth Reddy Pallerla ceased to be Additional Director on 30 Sep 2016.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 49.55 Lakh with Charge ID 101179460 was registered on 14 Aug 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 249.90 Lakh with Charge ID 101157644 was registered on 02 Aug 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 200.00 Lakh with Charge ID 101162454 was registered on 19 Jul 2025.
Charges
A charge with Others amounted to Rs. 1,000.00 Lakh with Charge ID 101096869 was registered on 23 May 2025.
Charges
A charge registered on 31 Aug 2018 via Charge ID 100233248 with Others was fully satisfied on 20 Dec 2024.
Charges
A charge registered on 22 Oct 2020 via Charge ID 100382011 with Hdfc Bank Limited was fully satisfied on 19 Dec 2024.
Charges
A charge registered on 10 Jul 2019 via Charge ID 100285584 with Others was fully satisfied on 18 Dec 2024.
Charges
A charge registered on 05 Jul 2018 via Charge ID 100257320 with Others was fully satisfied on 18 Dec 2024.
Charges
A charge registered on 10 Feb 2020 via Charge ID 100335989 with Others was fully satisfied on 14 Dec 2024.
Charges
A charge registered on 02 Jan 2021 via Charge ID 100454526 with Others was fully satisfied on 13 Dec 2024.
Charges
A charge registered on 28 Apr 2017 via Charge ID 100099218 with Others was fully satisfied on 11 Dec 2024.
Charges
A charge registered on 29 Sep 2015 via Charge ID 10598105 with Others was fully satisfied on 11 Dec 2024.
35 earlier events are in the company report.
Frequently asked questions
Synergy Shipping is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 15 June 2004 (22+ years old) and is registered under CIN U63012AP2004PTC043480.
Synergy Shipping has 2 current directors:
- Venu Gopal Miriyala - Managing Director
- Radhamani Miriyala - Director
The latest financial statements of Synergy 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 Synergy Shipping is 37AAICS2637Q1ZN, registered in Andhra Pradesh. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 21AAICS2637Q1Z0 (Odisha), 33AAICS2637Q1ZV (Tamil Nadu).
The CIN (Corporate Identification Number) of Synergy Shipping is U63012AP2004PTC043480. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Synergy Shipping has 54 court cases on record: 23 filed by the company and 31 filed against it. 11 are pending. Most are in the high courts.
Synergy Shipping was incorporated on 15 June 2004, making it 22+ years old. It is registered with the Registrar of Companies, Vijayawada.
Synergy Shipping has 11 deals on record (6 secondary share transfers, 3 rights issues, 2 funding rounds), with disclosed funding of ₹44 Lakh; the latest was in March 2023.
Prashanth Reddy Pallerla ceased to be Additional Director on 30 Sep 2016. Radhamani Miriyala ceased to be Additional Director on 30 Sep 2015. Venu Gopal Miriyala ceased to be Director on 27 Feb 2015. Synergy Shipping has 9 board changes on record in total.
Yes, Synergy Shipping is registered as a medium enterprise under Udyam registration (number: UDYAM-AP-10-0002508).
Synergy Shipping has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 3 overdue payments to 3 micro and small suppliers. The latest return was filed on 09 Jun 2019.