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 71 cases involving the company, including 36 filed by the company and 35 filed against it; 21 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 3 peer companies in the Shipping industry (Shipping Services), with the same principal business activity (water transport) are compared by revenue, 2 larger and 1 smaller; the largest is M Pallonji Shipping Pvt Ltd with revenue of ₹256.71 Cr.
The last known website on record is tagoffshore.in.
Company details
CIN history
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.
| CIN | Status |
|---|---|
| U63090MH2003PLC139657 | Current |
| U63090MH2003PTC139657 | Previous |
Contact details
Tag Offshore Limited's registered office is in Navi Mumbai, Maharashtra. Its website is tagoffshore.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressUnit No.B 002 – Gr. Flr Everest Nivara Infotech Park Plot No. D – 3 Ttc Industrial Area Turbhe, MIDC, Navi Mumbai, Maharashtra, India – 400705
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Tag Offshore Limited, 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
Brands
Tag Offshore operates one associated brand: Tag Offshore Ltd. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Maritime operations and asset liquidation services in India. | tagoffshore.in |
Business activity
The main business activity of Tag Offshore is transport and storage. In detail, this covers water transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H3 | Water transport |
To see the full business activity and turnover split of Tag Offshore Limited, buy the company report.
Financials of Tag Offshore Limited
FY 2018 filings availableTag Offshore Limited reported revenue of ₹235.68 Cr (down 34% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 16.9% | |||
| 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 | ||||
To see the full financial statements and ratios of Tag Offshore Limited, buy the company report.
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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Godfrey William Pimenta | Additional Director | 24 Apr 2018 | 8 Years 6 Months | As last reported |
| Mamta Kishor Apparao | Director | 03 Jul 2006 | 20 Years 3 Months | As last reported |
| Shamik Kishor Apparao | Director | 01 May 2005 | 21 Years 5 Months | As last reported |
| Shiben Krishen Kaul Also directs: Proviso Infrastructure LLP | Director | 06 Mar 2017 | 9 Years 7 Months | As last reported |
Peer comparison
Tag Offshore Limited is compared with the 3 companies closest to it by revenue in the Shipping industry (Shipping Services), with the same principal business activity (water transport), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| M Pallonji Shipping Pvt Ltd | ₹256.71 Cr (FY 2025) | -22.0% | Mumbai, Maharashtra, India | |||
| Essar Shipping Limited. | ₹247.34 Cr (FY 2025) | 199.0% | Khambhalia, Gujarat, India | |||
| Tag Offshore Limitedthis company | ₹235.68 Cr (FY 2018) | -₹163.81 Cr | -69.5% | -34.0% | 39 | Navi Mumbai, Maharashtra, India |
| Chakiat Shipping Services Private Limited | ₹204.34 Cr (FY 2025) | 32.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Tag Offshore Limited, buy the company report.
Auditor
Tag Offshore Limited is audited by G M J & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G M J & CO | FY 2018 | 103429W |
Shareholding
The shareholding of Tag Offshore Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Tag Offshore Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Feb 2018 | 100156885 | Axis Bank Limited | ₹10 Cr | Open | |
| 06 Jan 2017 | 100074240 | Others | ₹62.62 Cr | Open | |
| 07 Dec 2016 | 100069891 | Ifci Limited | ₹60 Cr | Open | |
| 15 Nov 2016 | 100064333 | Others | ₹15 Cr | Open | |
| 15 Nov 2016 | 100064753 | Others | ₹21 Cr | Open |
To see the full charge records of Tag Offshore Limited, buy the company report.
Total charge records: 54 View all charges
Deals & funding
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.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2013 | Funding round | ₹10 Cr | Investors: S S Investments Pvt Ltd |
| Mar 2012 | Funding round | ₹15 Cr | Investors: S S Investments Pvt Ltd |
| Mar 2008 | Funding round | ₹1.89 Cr | Investors: S S Investments Pvt Ltd |
| Mar 2007 | Funding round | ₹6.85 Cr | Investors: S S Investments Pvt Ltd |
To see the full deal history of Tag Offshore 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
Tag Offshore Limited has 71 court cases on record: 36 filed by Tag Offshore, 35 filed against it. 21 cases are pending and 50 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 52 | 25 | 14 |
| Supreme Court | 8 | 2 | 4 |
| District courts | 7 | 5 | 2 |
| NCLT | 2 | 2 | 0 |
| NCLAT | 2 | 1 | 1 |
Cases on record (5 of 71)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (COMAS) | Filed against the company by Angre Port Private Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by M/S Supreme Hydro Engineering Pvt Ltd | Pending |
| Supreme Court | Court case (3600-Admirality And Maritime Laws) | Filed by the company against Angre Port Private Limited Registered Office at 4Th Floor, Bakhtwar, Nariman Point, Mumbai , , Maharashtra and 1 other | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Hero Fincorp Limited | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against Aditya Birla Finance Ltd. and Ors. | Pending |
To see the full case history of Tag Offshore 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.
Credit ratings & regulatory alerts
Tag Offshore Limited was last rated by Care on 08 May 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 08 May 2026 |
To see the full credit ratings and regulatory alerts of Tag Offshore Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Tag Offshore Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
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.
| Company Name | CIN | Shares held |
|---|---|---|
| S N Offshore Private Limited | U61200MH2012PTC229861 |
To see the full group structure of Tag Offshore Limited, buy the company report.
Employees & EPFO
Tag Offshore Limited has a workforce of 39 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Tag Offshore has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCT8019L2ZZ | Maharashtra | Active | 01 May 2021 |
To see the full GST registrations and return filing status of Tag Offshore Limited, buy the company report.
Recent activity
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.
112 earlier events are in the company report.
Frequently asked questions
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 has 4 current directors:
- Godfrey William Pimenta - Additional Director
- Mamta Kishor Apparao - Director
- Shamik Kishor Apparao - Director
- Shiben Krishen Kaul - Director
The latest financial statements of Tag Offshore on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
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 71 court cases on record: 36 filed by the company and 35 filed against it. 21 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.
The peers of Tag Offshore by revenue are M Pallonji Shipping Pvt Ltd, Essar Shipping Limited, Chakiat Shipping Services Private Limited, all in the Shipping industry (Shipping Services), with the same principal business activity (water transport).
Shamik Kishor Apparao ceased to be Managing Director on 01 Apr 2019. Shiben Krishen Kaul ceased to be Director on 14 May 2018. Godfrey William Pimenta was appointed as Additional Director on 24 Apr 2018. Tag Offshore has 16 board changes on record in total.