About Turquoise Shipping Private Limited
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Turquoise Shipping Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 30 July 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2012PTC233900. Its GSTIN is 27AAECT3398M2ZM (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Netaji Gangaram Mane and Aditi Rakesh Joshi.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at B – 408 Spring Rose Jangid Enclave Kanakia Beverly Park Mira Road, Thane, Maharashtra, India – 401107.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.85 Cr, a growth of 99% compared to the previous year. For the same year it recorded a net profit of ₹44,287 (net margin 0.2%) and EBITDA of ₹2.15 Lakh (EBITDA margin 1.2%). Revenue has declined at a compounded annual rate (CAGR) of 35% over three years and 3% over five years.
As per MCA filings, the company has open charges of ₹25 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website turqship.com.
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- Website
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- Registered AddressB – 408 Spring Rose Jangid Enclave Kanakia Beverly Park Mira Road, Thane, Maharashtra, India – 401107
- IndustryTransport and Logistics, Shipping & Maritime Services, Shipbroking & Shipping Agency 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 Turquoise Shipping Private Limited
The main business activity of Turquoise 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 Turquoise Shipping Private Limited FY 2021 filings available
Turquoise Shipping Private Limited reported revenue of ₹1.85 Cr (up 99% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Turquoise Shipping Private Limited
Revenue rose 99% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 3%. EBITDA fell 40% 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 Turquoise Shipping Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | ₹2.15 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹44,287 | •••• | •••• | •••• | •••• |
| 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 Turquoise Shipping Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.2% | •••• | •••• | •••• | •••• |
| 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 Turquoise 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.
Board of Directors of Turquoise Shipping Private Limited
Turquoise Shipping has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Netaji Gangaram Mane | Director | 30 Jul 2012 | 14 Years 2 Months | Current |
| Aditi Rakesh Joshi | Director | 30 Jul 2012 | 14 Years 2 Months | Current |
| Rakesh Joshi | Director | 30 Jul 2012 | 14 Years 2 Months | Current |
Peer Comparison of Turquoise Shipping Private Limited
Turquoise Shipping Private Limited is compared with the companies closest to it by revenue in the Shipping industry (Ship Broking and Shipping Agency, Shipping Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Everest Engineering and Infra Developers Private Limited | ₹1.9 Cr (FY 2025) | •••• | •••• | 3126.0% | •••• | Kovilpatti, Tamil Nadu, India |
| Davic Ship Management (India) Private Limited | ₹1.88 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Mumbai, Maharashtra, India |
| Moon Container Lines Private Limited | ₹1.88 Cr (FY 2025) | •••• | •••• | 51.0% | •••• | Bangalore, Karnataka, India |
| Abs Shipping & Container Services Private Limited | ₹1.87 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Vasai, Maharashtra, India |
| Jason Shipping Services Private Limited | ₹1.86 Cr (FY 2020) | •••• | •••• | 2890.0% | •••• | Chennai, Tamil Nadu, India |
| Turquoise Shipping Private Limited this company | ₹1.85 Cr (FY 2021) | •••• | •••• | 99.0% | •••• | Thane, Maharashtra, India |
| Piranha DNV Marine Private Limited | ₹1.85 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Mumbai, Maharashtra, India |
| Swarag Shipping Services (India) Private Limited | ₹1.85 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Chennai, Tamil Nadu, India |
| Simreta Ship Management Private Limited | ₹1.85 Cr (FY 2025) | •••• | •••• | 400.0% | •••• | Navi Mumbai, Maharashtra, India |
| Pluto Shipping Limited | ₹1.83 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Mumbai, Maharashtra, India |
| Sigma Shipping Agency Private Limited | ₹1.83 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Turquoise Shipping by revenue in the Shipping industry (Ship Broking and Shipping Agency, 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 Turquoise Shipping Private Limited
Turquoise Shipping Private Limited is audited by RITESH BURAD & CO for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RITESH BURAD & CO | 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.
Ownership and Shareholding of Turquoise 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 Turquoise Shipping Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Nov 2015 | Hdfc Bank Limited | ₹25 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Turquoise Shipping Private Limited
Employment history and EPFO contributions of people linked to Turquoise 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 Turquoise Shipping Private Limited
Turquoise Shipping Private Limited has 3 board changes on record since 2012: 3 appointments. The latest: Aditi Rakesh Joshi was appointed as Director on 30 Jul 2012.
Credit Ratings, Litigation & Regulatory Alerts for Turquoise 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 Turquoise 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 Turquoise 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 Turquoise Shipping Private Limited
Turquoise Shipping has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECT3398M2ZM | Maharashtra | Active | 06 Mar 2018 |
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 Turquoise 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 Turquoise Shipping Private Limited
Turquoise Shipping is an active private limited company based in Thane, Maharashtra, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 30 July 2012 (14+ years old) and is registered under CIN U74900MH2012PTC233900.
Turquoise Shipping reported revenue of ₹1.85 Cr for FY 2021 (up 99% YoY).
Turquoise Shipping has 3 current directors:
- Netaji Gangaram Mane - Director
- Aditi Rakesh Joshi - Director
- Rakesh Joshi - Director
Turquoise Shipping reported a net profit of ₹44,287 (net margin 0.2%) and EBITDA of ₹2.15 Lakh (EBITDA margin 1.2%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Turquoise Shipping is 35% over three years and -3% over five years. In the latest year (FY 2021) revenue rose 99%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Turquoise Shipping is 27AAECT3398M2ZM, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Turquoise Shipping is U74900MH2012PTC233900. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Turquoise Shipping was incorporated on 30 July 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Turquoise Shipping by revenue are Everest Engineering and Infra Developers Private Limited, Davic Ship Management (India) Private Limited, Moon Container Lines Private Limited, Abs Shipping & Container Services Private Limited, Jason Shipping Services Private Limited and 5 more, all in the Shipping industry (Ship Broking and Shipping Agency, Shipping Services).
Aditi Rakesh Joshi was appointed as Director on 30 Jul 2012. Netaji Gangaram Mane was appointed as Director on 30 Jul 2012. Rakesh Joshi was appointed as Director on 30 Jul 2012.
Turquoise Shipping can be reached through the website turqship.com. Its registered office is in Thane, Maharashtra, India.