Tag Offshore Limited

Tag Offshore Limited - transport and logistics in Navi Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U63090MH2003PLC139657 Incorporated 21 March 2003 ROC Mumbai HQ Navi Mumbai, Maharashtra, India
Under Liquidation Public Limited Company transport and logistics
Data last updated
Revenue · FY 2018
₹235.68 Cr
▼ 34% YoY
Net loss · FY 2018
₹163.81 Cr
Net margin -69.5%
EBITDA · FY 2018
₹39.82 Cr
EBITDA margin 16.9%
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹5.54 Cr
Issued & subscribed
Open charges
₹1,874.59 Cr
Satisfied ₹464.4 Cr
Company age
23 yrs
Est. 2003
Employees · EPFO
39
Provident fund records

About Tag Offshore Limited

Data last updated:

Tag Offshore Limited is a public limited company based in Navi Mumbai, Maharashtra, India, a subsidiary of S S Investments Pvt Ltd. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 21 March 2003.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63090MH2003PLC139657. Its GSTIN is 27AABCT8019L2ZZ (Maharashtra). The company holds 2 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.54 Cr. It was formerly known as Tag Sealogistics Limited. It is led by directors including Mamta Kishor Apparao and Shamik Kishor Apparao.

Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Flr Everest Nivara Infotech Park, Navi Mumbai, Maharashtra.

As per the financials filed for FY 2018, the company reported a revenue of ₹235.68 Cr, a decline of 34% compared to the previous year. For the same year it recorded a net loss of ₹163.81 Cr (net margin -69.5%) and EBITDA of ₹39.82 Cr (EBITDA margin 16.9%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years.

The company has about 39 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 1 brand: Tag Offshore Ltd. As per MCA filings, the company has open charges of ₹1,874.59 Cr and satisfied charges of ₹464.4 Cr on record. Court records list 59 cases involving the company, including 34 filed by the company and 6 filed against it; 18 cases are pending. The company has 10 deals on record (8 funding rounds, 2 secondary share transfers), with disclosed funding of ₹239.03 Cr; the latest was in December 2016. Its 10 peer companies in the Shipping industry (Shipping Services) are compared by revenue, 5 larger and 5 smaller; the largest is Salaya Bulk Terminals Limited with revenue of ₹258.91 Cr.

The last known website on record is tagoffshore.in.

Company Details of Tag Offshore Limited
CIN U63090MH2003PLC139657
Registration Number 139657
Incorporation Date 21 March 2003
ROC Mumbai
Listing Status Unlisted
Company Status Under Liquidation
Date of Last AGM 29 September 2018
Date of Balance Sheet 31 March 2018
Parent Company S S Investments Pvt Ltd
Compliance Status Active Non-Compliant

CIN History of Tag Offshore Limited

Tag Offshore has one previous CIN (Corporate Identification Number): U63090MH2003PTC139657. The current CIN is U63090MH2003PLC139657, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U63090MH2003PLC139657Current
U63090MH2003PTC139657Previous
Key People
Godfrey William Pimenta Additional Director Mamta Kishor Apparao Director Shamik Kishor Apparao Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    tagoffshore.in
  • Social Media
    Locked
  • Registered Address
    Unit No.B 002 – Gr. Flr Everest Nivara Infotech Park Plot No. D – 3 Ttc Industrial Area Turbhe, MIDC, Navi Mumbai, Maharashtra, India – 400705
  • Industry
    Transport and Logistics, Shipping & Maritime Services
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Financials, compliance, directors, charges, ownership and filings for Tag Offshore Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Associated Brands with Tag Offshore Limited

Tag Offshore operates one associated brand: Tag Offshore Ltd. Each brand links to its own profile.

BrandDescriptionWebsite
Tag Offshore Ltd
Maritime operations and asset liquidation services in India.tagoffshore.in

Business Activity of Tag Offshore Limited

The main business activity of Tag Offshore is transport and storage. In detail, this covers water transport.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
HTransport and storageH3Water transportLocked
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Turnover share and past changes in activity are in the company report.

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Financials of Tag Offshore Limited FY 2018 filings available

Tag Offshore Limited reported revenue of ₹235.68 Cr (down 34% YoY) for FY 2018.

Revenue · FY 2018
₹235.68 Cr ▼ 34%
Net loss · FY 2018
₹163.81 Cr margin -69.5%
EBITDA · FY 2018
₹39.82 Cr margin 16.9%

Compounded Annual Growth Rate (CAGR) of Tag Offshore Limited

Revenue CAGR growth
1 year
▼ 34%
3 years · compounded
▼ 8%
EBITDA CAGR growth
1 year
▼ 83%
3 years · compounded
▼ 38%

Revenue has declined at a compounded annual rate (CAGR) of 8% over three years, including a 34% fall in the latest year. EBITDA fell 83% 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 Tag Offshore Limited

MetricsFY 2017-18FY 2016-17FY 2015-16FY 2014-15
Profit and Loss Statement
Revenue from Operations••••••••••••••••
Other Income••••••••••••••••
Total Revenue₹235.68 Cr••••••••••••
Cost of Materials Consumed••••••••••••••••
Employee Benefit Expense••••••••••••••••
Finance Costs••••••••••••••••
Depreciation and Amortisation••••••••••••••••
Other Expenses••••••••••••••••
Total Expenses••••••••••••••••
EBITDA₹39.82 Cr••••••••••••
Profit Before Tax••••••••••••••••
Tax Expense••••••••••••••••
Net Profit (PAT)-₹163.81 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 Tag Offshore Limited

MetricsFY 2017-18FY 2016-17FY 2015-16FY 2014-15
Profitability
EBITDA Margin16.9%••••••••••••
Net Profit Margin-69.5%••••••••••••
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 Tag Offshore are in the company report.

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Financial statements from 2015

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Board of Directors of Tag Offshore Limited

Tag Offshore has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Godfrey William PimentaAdditional Director24 Apr 20188 Years 5 MonthsAs last reported
Mamta Kishor ApparaoDirector03 Jul 200620 Years 3 MonthsAs last reported
Shamik Kishor ApparaoDirector01 May 200521 Years 5 MonthsAs last reported
Shiben Krishen Kaul
Also directs: Proviso Infrastructure LLP
Director06 Mar 20179 Years 7 MonthsAs last reported
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Peer Comparison of Tag Offshore Limited

Tag Offshore Limited is compared with the companies closest to it by revenue in the Shipping industry (Shipping Services). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Salaya Bulk Terminals Limited₹258.91 Cr (FY 2025)••••••••37.0%••••Jamnagar, Gujarat, India
M Pallonji Shipping Pvt Ltd₹256.71 Cr (FY 2025)••••••••-22.0%••••Mumbai, Maharashtra, India
Maersk Line India Private Limited₹256.26 Cr (FY 2024)••••••••26.0%••••Mumbai, Maharashtra, India
Treasure Harvest Shipping Private Limited₹250.63 Cr (FY 2025)••••••••3.0%••••Chennai, Tamil Nadu, India
Essar Shipping Limited. Listed₹247.34 Cr (FY 2025)••••••••199.0%••••Khambhalia, Gujarat, India
Tag Offshore Limited this company₹235.68 Cr (FY 2018)••••••••-34.0%••••Navi Mumbai, Maharashtra, India
Leela Ship Recycling Private Limited₹224.83 Cr (FY 2025)••••••••-21.0%••••Bhavnagar, Gujarat, India
Kasturi Commodities Pvt. Ltd.₹218.52 Cr (FY 2015)••••••••14.0%••••Kolkata, West Bengal, India
Cma CGM Agencies (India) Private Limited₹208.66 Cr (FY 2025)••••••••10.0%••••Mumbai, Maharashtra, India
Knowledge Marine & Engineering Works Limited Listed₹205.91 Cr (FY 2025)••••••••24.0%••••Mumbai, Maharashtra, India
Chakiat Shipping Services Private Limited₹204.34 Cr (FY 2025)••••••••32.0%••••Coimbatore, Tamil Nadu, India

Peers are the five companies nearest above and the five nearest below Tag Offshore by revenue in the Shipping industry (Shipping Services), 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 Tag Offshore Limited

Tag Offshore Limited is audited by G M J & CO for the financial year 2018.

NameStatusAppointment DateCessation Date
G M J & COLockedLockedLocked
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Ownership and Shareholding of Tag Offshore Limited

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Charges & Borrowings of Tag Offshore Limited

Open charges
₹1,874.59 Cr
Satisfied charges
₹464.4 Cr
Breakdown by lending institutions
State Bank of India₹753.59 Cr
Axis Bank Limited₹287.96 Cr
Bank of Baroda₹174.44 Cr
United Bank of India₹170.90 Cr
Others₹167.62 Cr
Others₹320.09 Cr
Latest charge details
DateLenderAmountStatus
03 Feb 2018Axis Bank Limited₹10 CrOpen
06 Jan 2017Others₹62.62 CrOpen
07 Dec 2016Ifci Limited₹60 CrOpen
15 Nov 2016Others₹15 CrOpen
15 Nov 2016Others₹21 CrOpen

Total charge records: 54 View all charges

Deals & Funding of Tag Offshore Limited

Tag Offshore Limited has 10 deals on record (8 funding rounds, 2 secondary share transfers), with disclosed funding of ₹239.03 Cr; the latest was in December 2016.

Total deals
10
Funding rounds
8
Secondary share transfers
2
Disclosed funding
₹239.03 Cr

Deals on record (5 of 10)

WhenDealAmountParties
Dec 2016Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Jan 2013Funding round₹10 CrInvestors: S S Investments Pvt Ltd
Mar 2012Funding round₹15 CrInvestors: S S Investments Pvt Ltd
Mar 2008Funding round₹1.89 CrInvestors: S S Investments Pvt Ltd
Mar 2007Funding round₹6.85 CrInvestors: S S Investments Pvt Ltd
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Employees and EPFO Compliance at Tag Offshore Limited

Tag Offshore Limited has a workforce of 39 employees as of Mar 28, 2024.

Employee count
39
Active EPFO establishments
1
Employee growth
8.33%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Group Structure of Tag Offshore Limited

Tag Offshore has 1 subsidiary company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key Subsidiaries
Company NameCINShares Held
S N Offshore Private LimitedU61200MH2012PTC229861Locked

Showing major subsidiaries. Total: 1.

Recent Activity on Tag Offshore Limited

Tag Offshore Limited has 16 board changes on record since 2005: 4 appointments and 12 cessations. The latest: Shamik Kishor Apparao ceased to be Managing Director on 01 Apr 2019.

Charges
A charge with Others of Rs. 36.00 Cr registered on 27 Oct 2016 with Charge ID 100061002 was modified on 20 Jun 2024.
Charges
A charge with Others of Rs. 33.00 Cr registered on 28 Jun 2016 with Charge ID 100036925 was modified on 20 Jun 2024.
Ceased
Shamik Kishor Apparao ceased to be Managing Director.
AGM
Tag Offshore Limited last Annual general meeting of members was held on 29 Sep 2018 as per latest MCA records.
Charges
A charge with Others of Rs. 62.62 Cr registered on 06 Jan 2017 with Charge ID 100074240 was modified on 04 Sep 2018.
Ceased
Shiben Krishen Kaul ceased to be Director.
Appointed
Godfrey William Pimenta was appointed as Additional Director.
Ceased
Nalinakshan Sukumaran Kolangaradath ceased to be Additional Director.
Filing
Tag Offshore Limited has filed its annual Financial statements for the year ended 31 Mar 2018 with Roc Mumbai.
Charges
A charge with Axis Bank Limited amounted to Rs. 10.00 Cr with Charge ID 100156885 was registered on 03 Feb 2018.
Ceased
Rishi Deepak Mirchandani ceased to be Director.
Appointed
Shiben Krishen Kaul was appointed as Director.

112 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Tag Offshore Limited

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MSME Payment Delays by Tag Offshore Limited

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Subsidiaries & Group Companies of Tag Offshore Limited

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GST Compliance of Tag Offshore Limited

Tag Offshore has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AABCT8019L2ZZMaharashtraActive01 May 2021
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MCA Filings & Documents of Tag Offshore Limited

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Related news about Tag Offshore Limited

Tag Offshore, Ocean Sparkle look at merger
14 Oct 2011 · Business Standard

Frequently Asked Questions about Tag Offshore Limited

Tag Offshore is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.

Tag Offshore is a company under liquidation, formerly operating as a public limited company based in Navi Mumbai, Maharashtra, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 21 March 2003 and is registered under CIN U63090MH2003PLC139657. Caution is advised - the company may not have the legal capacity to fulfil new agreements.

Tag Offshore reported revenue of ₹235.68 Cr for FY 2018 (down 34% YoY).

Tag Offshore has 4 current directors:

Tag Offshore reported a net loss of ₹163.81 Cr (net margin -69.5%) and EBITDA of ₹39.82 Cr (EBITDA margin 16.9%) for FY 2018, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Tag Offshore is -8% over three years. In the latest year (FY 2018) revenue fell 34%. CAGR is the steady yearly rate that links the first and the last year.

The CIN (Corporate Identification Number) of Tag Offshore is U63090MH2003PLC139657. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Tag Offshore has open charges of ₹1,874.59 Cr and satisfied charges of ₹464.4 Cr as per latest MCA filings.

Tag Offshore has 59 court cases on record: 34 filed by the company and 6 filed against it. 18 are pending. Most are in the high courts.

Tag Offshore was incorporated on 21 March 2003. It is registered with the Registrar of Companies, Mumbai.

Tag Offshore has 10 deals on record (8 funding rounds, 2 secondary share transfers), with disclosed funding of ₹239.03 Cr; the latest was in December 2016.

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