About Target Shipping Private Limited
Data last updated:
Target Shipping Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 11 February 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U63090KA2011PTC057025. Its GSTIN is 29AADCT7572L1ZM (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kondahalli Nagaraj Ranganath and Eshwaraiah Smitha.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No – 7 9th Cross Devappa Layout Krishnaiah Palya K.R.Puram Hobli, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2024, the company reported a revenue of ₹14.69 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹35.07 Lakh (net margin 2.4%) and EBITDA of ₹73.28 Lakh (EBITDA margin 5%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years and 15% over five years.
The company is associated with 1 brand: Target Shipping. As per MCA filings, the company has open charges of ₹3.97 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website targetshipping.co.in.
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- Website
- Social MediaLocked
- Registered AddressNo – 7 9th Cross Devappa Layout Krishnaiah Palya K.R.Puram Hobli, Bangalore, Karnataka, India – 560038
- IndustryTransport and Logistics, Integrated & Diversified Logistics 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 Target Shipping Private Limited
The main business activity of Target Shipping 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 Target Shipping Private Limited FY 2025 filings available
Target Shipping Private Limited reported revenue of ₹14.69 Cr (up 31% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Target Shipping Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 31% growth in the latest year. EBITDA rose 41% 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 Target Shipping Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹73.28 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹35.07 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 | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Target Shipping Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.4% | •••• | •••• | •••• | •••• |
| 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 Target Shipping 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.
Peer Comparison of Target Shipping Private Limited
Target Shipping Private Limited is compared with the companies closest to it by revenue in the Transport and Logistics industry (Diversified Logistics). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nilloceann Logistics Private Limited | ₹14.7 Cr (FY 2024) | •••• | •••• | 2879.0% | •••• | Purbamedinipur, West Bengal, India |
| Inditrans Shipping Company Private Limited | ₹14.7 Cr (FY 2021) | •••• | •••• | -14.0% | •••• | Juinagar Navi Mumbai, Maharashtra, India |
| Sapphire Container Cargo Private Limited | ₹14.7 Cr (FY 2024) | •••• | •••• | 39.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| Seu Worldwide Logistics Private Limited | ₹14.7 Cr (FY 2024) | •••• | •••• | 136.0% | •••• | Chennai, Tamil Nadu, India |
| Patkar and Sons Shipping Agencies Private Limited | ₹14.69 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Navi Mumbai, Maharashtra, India |
| Target Shipping Private Limited this company | ₹14.69 Cr (FY 2024) | •••• | •••• | 31.0% | •••• | Bangalore, Karnataka, India |
| Natchart Private Limited | ₹14.67 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Thrissur, Kerala, India |
| World Zone Logistics Private Limited | ₹14.67 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Ernakulam, Kerala, India |
| Globepoint Multimodal Logistics Private Limited | ₹14.67 Cr (FY 2025) | •••• | •••• | 44.0% | •••• | Belapurcbdnavimumbai, Maharashtra, India |
| Tazchem Logistics Private Limited | ₹14.67 Cr (FY 2025) | •••• | •••• | 71.0% | •••• | Thane, Maharashtra, India |
| RPS Global Cargo India Private Limited | ₹14.67 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Palwal, Haryana, India |
Peers are the five companies nearest above and the five nearest below Target Shipping by revenue in the Transport and Logistics industry (Diversified Logistics), 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 Target Shipping Private Limited
Target Shipping Private Limited is audited by P SREENIVASULU & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P SREENIVASULU & ASSOCIATES | 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.
Board of Directors of Target Shipping Private Limited
Target Shipping has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Eshwaraiah Smitha Also directs: Futureline Carriers Private Limited | Additional Director | 17 Mar 2025 | 1 Years 6 Months | Current |
| Kondahalli Nagaraj Ranganath | Director | 11 Feb 2011 | 15 Years 8 Months | Current |
Ownership and Shareholding of Target Shipping 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 Target Shipping Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Jan 2026 | Others | ₹1.12 Cr | Open |
| 16 Oct 2025 | Canara Bank | ₹26.17 Lakh | Open |
| 21 Mar 2025 | Canara Bank | ₹13 Lakh | Open |
| 10 Nov 2023 | Others | ₹90.66 Lakh | Open |
| 19 Nov 2011 | Canara Bank | ₹1.56 Cr | Open |
Total charge records: 5 View all charges
Legal Cases of Target Shipping Private Limited
Target Shipping Private Limited has 3 court cases on record: 2 filed by Target Shipping, 1 filed against it. 1 case is pending and 2 are disposed. Status as checked between 30 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Motor accident claim | Filed against the company by an individual | Disposed |
Full case history
All 3 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.
Associated Brands with Target Shipping Private Limited
Target Shipping operates one associated brand: Target Shipping. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive solutions for international freight shipping services. | targetshipping.in |
Employees and EPFO Compliance at Target Shipping Private Limited
Employment history and EPFO contributions of people linked to Target Shipping.
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 Target Shipping Private Limited
Target Shipping Private Limited has 5 board changes on record since 2011: 3 appointments and 2 cessations. The latest: Eshwaraiah Smitha was appointed as Additional Director on 17 Mar 2025.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Target Shipping 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 Target Shipping 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
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Target Shipping 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
Verified entity values are shown only after access is granted.
GST Compliance of Target Shipping Private Limited
Target Shipping has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCT7572L1ZM | Karnataka | Active | 01 Jul 2017 |
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 Target Shipping 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 Target Shipping Private Limited
Target Shipping is an active private limited company based in Bangalore, Karnataka, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 11 February 2011 (15+ years old) and is registered under CIN U63090KA2011PTC057025.
Target Shipping reported revenue of ₹14.69 Cr for FY 2024 (up 31% YoY).
Target Shipping has 2 current directors:
- Eshwaraiah Smitha - Additional Director
- Kondahalli Nagaraj Ranganath - Director
Target Shipping reported a net profit of ₹35.07 Lakh (net margin 2.4%) and EBITDA of ₹73.28 Lakh (EBITDA margin 5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Target Shipping is 40% over three years and 15% over five years. In the latest year (FY 2024) revenue rose 31%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Target Shipping is 29AADCT7572L1ZM, registered in Karnataka.
The CIN (Corporate Identification Number) of Target Shipping is U63090KA2011PTC057025. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Target Shipping has 3 court cases on record: 2 filed by the company and 1 filed against it. 1 is pending.
Target Shipping was incorporated on 11 February 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Target Shipping by revenue are Nilloceann Logistics Private Limited, Inditrans Shipping Company Private Limited, Sapphire Container Cargo Private Limited, Seu Worldwide Logistics Private Limited, Patkar and Sons Shipping Agencies Private Limited and 5 more, all in the Transport and Logistics industry (Diversified Logistics).
Eshwaraiah Smitha was appointed as Additional Director on 17 Mar 2025. Chowdappa Ravindrakumar ceased to be Director on 30 May 2022. Hattikudru Suryanarayanarao Raghavendra ceased to be Director on 05 Sep 2014. Target Shipping has 5 board changes on record in total.