About Triumph Offshore Private Limited
Data last updated:
Triumph Offshore Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Swan Energy Limited. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 24 May 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2017PTC097528. Its GSTIN is 24AAGCT2737G1ZF (Gujarat).
The company has an authorised share capital of ₹5,000 Cr and a paid-up capital of ₹1,203.75 Cr. It is led by directors including Bhavik Nikhil Merchant (Managing Director) and Rohinton Eruch Shroff.
Its last annual general meeting (AGM) was held on 18 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 9 Thavenue Groundfloor Behindrajpathclub Memnagar Bodakdev, Ahmedabad, Gujarat, India – 380059.
As per the financials filed for FY 2024, the company reported a revenue of ₹646.9 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹409.21 Cr (net margin 63.3%) and EBITDA of ₹635.47 Cr (EBITDA margin 98.2%). Revenue has grown at a compounded annual rate (CAGR) of 168% over three years.
As per MCA filings, the company has satisfied charges of ₹1,802.87 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹646.29 Cr; the latest was in June 2024.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website swan.co.in.
Company details
Contact details
Triumph Offshore Private Limited's registered office is in Ahmedabad, Gujarat. Its website is swan.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address9 Thavenue Groundfloor Behindrajpathclub Memnagar Bodakdev, Ahmedabad, Gujarat, India – 380059
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Triumph Offshore Private 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
Business activity
The main business activity of Triumph Offshore is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Triumph Offshore Private Limited, buy the company report.
Financials of Triumph Offshore Private Limited
FY 2024 filings availableTriumph Offshore Private Limited reported revenue of ₹646.9 Cr (up 217% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 168% over three years, including 217% growth in the latest year. EBITDA rose 381% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹635.47 Cr | ||||
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| Net Profit (PAT) | ₹409.21 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 98.2% | ||||
| Net Profit Margin | 63.3% | ||||
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To see the full financial statements and ratios of Triumph Offshore Private Limited, buy the company report.
Board of directors of Triumph Offshore Private Limited
Triumph Offshore has 5 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohinton Eruch Shroff Also directs: Swan Corp Limited, Veritas (India) Limited, Cardinal Energy and Infrastructure Private Limited and 3 more | Director | 08 Aug 2023 | 3 Years 2 Months | Current |
| Vivek Paresh Merchant Also directs: Swan LNG Private Limited, Pegasus Ventures Private Limited, Swan Defence and Heavy Industries Limited and 5 more | Director | 24 May 2017 | 9 Years 5 Months | Current |
| Vinita Naman Patel Also directs: Swan LNG Private Limited, Dave Impex Private Limited | Director | 14 Aug 2019 | 7 Years 2 Months | Current |
| Pratap Singh Nagar Also directs: Swan LNG Private Limited, Yug Propmart LLP, Apace Properties Private Limited and 5 more | Director | 22 Oct 2021 | 5 Years 0 Months | Current |
| Bhavik Nikhil Merchant Also directs: Cardinal Energy and Infrastructure Private Limited, Swan LNG Private Limited, Swan Defence and Heavy Industries Limited and 5 more | Managing Director | 24 May 2017 | 9 Years 5 Months | Current |
Auditor
Triumph Offshore Private Limited is audited by V R Renuka & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V R Renuka & Co | FY 2023 | 108826W |
Shareholding
The shareholding of Triumph Offshore 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 Triumph Offshore Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Aug 2020 | 100360518 | Sbicap Trustee Company Limited | ₹1,802.87 Cr | Satisfied |
To see the full charge records of Triumph Offshore Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Triumph Offshore Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹646.29 Cr; the latest was in June 2024.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2024 | Secondary share transfer | Undisclosed | Buyer: Swan Corp Limited Seller: Indian Farmers Fertiliser Cooperative Limited |
| Aug 2019 | Funding round | ₹646.29 Cr | Investors: Swan Corp Limited , Indian Farmers Fertiliser Cooperative Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Swan Energy Limited & Bhavik Merchant, Swan Energy Limited & Vivek Merchant, Swan Corp Limited Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Triumph Offshore Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Company petition | Filed against the company by Indian Farmer Fertiliser Cooperative Limited (Iffco) Mr R P Singh ( HR & Legal) | Disposed |
To see the full case history of Triumph Offshore 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.
Credit ratings & regulatory alerts
Triumph Offshore Private Limited was last rated by Indiarating on 01 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 01 Mar 2021 |
To see the full credit ratings and regulatory alerts of Triumph Offshore Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Triumph Offshore Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Triumph Offshore Private Limited has 1 active EPFO establishment as of Apr 09, 2024.
GST
Triumph Offshore has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCT2737G1ZF | Gujarat | Active | 26 Sep 2017 |
To see the full GST registrations and return filing status of Triumph Offshore Private Limited, buy the company report.
Recent activity
Triumph Offshore Private Limited has 19 board changes on record since 2017: 5 appointments and 14 cessations. The latest: Rohinton Eruch Shroff ceased to be Additional Director on 17 Sep 2024.
13 earlier events are in the company report.
Frequently asked questions
Triumph Offshore is an active private limited company based in Ahmedabad, Gujarat, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 24 May 2017 (9+ years old) and is registered under CIN U74999GJ2017PTC097528.
Triumph Offshore has 5 current directors:
- Bhavik Nikhil Merchant - Managing Director
- Rohinton Eruch Shroff - Director
- Vivek Paresh Merchant - Director
- Vinita Naman Patel - Director
- Pratap Singh Nagar - Director
The latest financial statements of Triumph Offshore on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 18 September 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Triumph Offshore is 24AAGCT2737G1ZF, registered in Gujarat.
The CIN (Corporate Identification Number) of Triumph Offshore is U74999GJ2017PTC097528. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Triumph Offshore has 1 court case on record: 1 filed against it.
Triumph Offshore was incorporated on 24 May 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Triumph Offshore has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹646.29 Cr; the latest was in June 2024.
Rohinton Eruch Shroff ceased to be Additional Director on 17 Sep 2024. Sanjay Khandelwal ceased to be Nominee Director on 25 Jun 2024. Arun Satyanarain Agarwal ceased to be Company Secretary on 20 Jan 2024. Triumph Offshore has 19 board changes on record in total.
Triumph Offshore can be reached through the website swan.co.in. Its registered office is in Ahmedabad, Gujarat, India.
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