About Vega Cargo and Logistics Private Limited
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Vega Cargo and Logistics 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 25 January 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U64120KA1999PTC024672. Its GSTIN is 29AAACV8610Q1ZO (Karnataka). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.68 Cr. It is led by directors Krishna Hanumanthaiah (Managing Director) and Shantha Venkanna Sangoudar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.89 Cr, a decline of 33% compared to the previous year. For the same year it recorded a net loss of ₹1.41 Cr (net margin -24%) and EBITDA of -₹69.13 Lakh (EBITDA margin -11.7%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 14% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹6.13 Cr and satisfied charges of ₹30 Lakh on record. Court records list 11 cases involving the company, including 2 filed by the company and 9 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vegalogistics.in.
Company details
Contact details
Vega Cargo and Logistics Private Limited's registered office is in Bangalore, Karnataka. Its website is vegalogistics.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 88 Jeerige Building 2nd Floor, 11th Cross Malleswaram, Bangalore, Karnataka, India – 560003
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Vega Cargo and Logistics 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 Vega Cargo and Logistics is transport and storage. In detail, this covers land transport via road.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road |
To see the full business activity and turnover split of Vega Cargo and Logistics Private Limited, buy the company report.
Financials of Vega Cargo and Logistics Private Limited
FY 2024 filings availableVega Cargo and Logistics Private Limited reported revenue of ₹5.89 Cr (down 33% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 14% over five years, including a 33% fall in the latest year. EBITDA fell 176% 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 | -₹69.13 Lakh | ||||
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| Net Profit (PAT) | -₹1.41 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -11.7% | ||||
| Net Profit Margin | -24% | ||||
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To see the full financial statements and ratios of Vega Cargo and Logistics Private Limited, buy the company report.
Board of directors of Vega Cargo and Logistics Private Limited
Vega Cargo and Logistics has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishna Hanumanthaiah | Managing Director | 30 Nov 2021 | 4 Years 11 Months | Current |
| Shantha Venkanna Sangoudar | Director | 15 May 2009 | 17 Years 5 Months | Current |
Peer comparison
Vega Cargo and Logistics Private Limited is compared with the 4 companies closest to it by revenue in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (land transport via road), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Prakash Roadlink Private Limited | ₹5.92 Cr (FY 2024) | 114.0% | Kolkata, West Bengal, India | |||
| Vega Cargo and Logistics Private Limitedthis company | ₹5.89 Cr (FY 2024) | -₹1.41 Cr | -24% | -33.0% | 13 | Bangalore, Karnataka, India |
| Sidh Bhimeshwari Logistics Private Limited | ₹5.89 Cr (FY 2024) | 2479.0% | Chimbli, Maharashtra, India | |||
| Pradhan Transport Private Limited | ₹5.89 Cr (FY 2025) | -21.0% | Cuttack, Odisha, India | |||
| Agn Logistics & Solutions Private Limited | ₹5.88 Cr (FY 2024) | -40.0% | Kancheepuram, Tamil Nadu, India |
To see the full peer comparison of Vega Cargo and Logistics Private Limited, buy the company report.
Auditor
Vega Cargo and Logistics Private Limited is audited by S.L. PATIL & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.L. PATIL & CO | FY 2023 | 002606S |
Shareholding
The shareholding of Vega Cargo and Logistics 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 Vega Cargo and Logistics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Aug 2020 | 100428883 | Others | ₹75 Lakh | Open | |
| 19 Jan 2011 | 10262775 | Union Bank of India | ₹8 Lakh | Open | |
| 29 Dec 2009 | 10196456 | Union Bank of India | ₹14.6 Lakh | Open | |
| 12 Feb 2008 | 10085937 | Union Bank of India | ₹45 Lakh | Open | |
| 17 Jan 2008 | 10085882 | Others | ₹4.45 Cr | Open |
To see the full charge records of Vega Cargo and Logistics Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Vega Cargo and Logistics Private Limited has 11 court cases on record: 2 filed by Vega Cargo and Logistics, 9 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 9 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Kotak Mahindra Bank Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Kotak Mahindra Bank Ltd | Disposed |
| District court, BENGALURU, Karnataka | Motor accident claim | Filed against the company by an individual | Disposed |
| District court, DHARWAD, Karnataka | Court case (ECA) | Filed against the company by an individual | Disposed |
| District court, Hyderabad CCC, Telangana | Civil suit | Filed against the company by Gurbani Security Pvt Ltd | Disposed |
To see the full case history of Vega Cargo and Logistics 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vega Cargo and Logistics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vega Cargo and Logistics Private Limited has a workforce of 13 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Vega Cargo and Logistics has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACV8610Q1ZO | Karnataka | Active | 01 Jul 2017 |
| 27AAACV8610Q1ZS | Maharashtra | Active | 01 Jul 2017 |
| 32AAACV8610Q1Z1 | Kerala | Active | 01 Jul 2017 |
| 33AAACV8610Q1ZZ | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vega Cargo and Logistics Private Limited, buy the company report.
Recent activity
Vega Cargo and Logistics Private Limited has 11 board changes on record since 2009: 2 appointments and 9 cessations. The latest: Chandrashekaraiah Veena ceased to be Director on 06 Apr 2022.
12 earlier events are in the company report.
Frequently asked questions
Vega Cargo and Logistics 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 25 January 1999 (27+ years old) and is registered under CIN U64120KA1999PTC024672.
Vega Cargo and Logistics has 2 current directors:
- Krishna Hanumanthaiah - Managing Director
- Shantha Venkanna Sangoudar - Director
The latest financial statements of Vega Cargo and Logistics on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Vega Cargo and Logistics is 29AAACV8610Q1ZO, registered in Karnataka. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 27AAACV8610Q1ZS (Maharashtra), 32AAACV8610Q1Z1 (Kerala), 33AAACV8610Q1ZZ (Tamil Nadu).
The CIN (Corporate Identification Number) of Vega Cargo and Logistics is U64120KA1999PTC024672. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vega Cargo and Logistics has 11 court cases on record: 2 filed by the company and 9 filed against it.
Vega Cargo and Logistics was incorporated on 25 January 1999, making it 27+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Vega Cargo and Logistics by revenue are Prakash Roadlink Private Limited, Sidh Bhimeshwari Logistics Private Limited, Pradhan Transport Private Limited, Agn Logistics & Solutions Private Limited, all in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (land transport via road).
Chandrashekaraiah Veena ceased to be Director on 06 Apr 2022. Krishna Hanumanthaiah was appointed as Managing Director on 30 Nov 2021. Krishna Hanumanthaiah ceased to be Additional Director on 30 Nov 2021. Vega Cargo and Logistics has 11 board changes on record in total.
Vega Cargo and Logistics can be reached through the website vegalogistics.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Vega Cargo and Logistics is at No. 88 Jeerige Building 2nd Floor, 11th Cross Malleswaram, Bangalore, Karnataka, India – 560003.
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