About Vichare Express & Logistics Private Limited
Data last updated:
Vichare Express & Logistics Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 17 December 1996.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U64120MH1996PTC104537. Its GSTIN is 27AAACV4075B2ZJ (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹99 Lakh. It was formerly known as Vichare Courier Service Private Limited. It is led by directors including Mahendra Vinayak Vichare (Managing Director) and Chandrakant Vasant Vichare.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹10.67 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net loss of ₹4.53 Cr (net margin -42.4%) and EBITDA of -₹1.17 Cr (EBITDA margin -11%). Revenue has declined at a compounded annual rate (CAGR) of 34% over three years and 24% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹6.98 Cr on record. Court records list 357 cases involving the company, including 9 filed by the company and 348 filed against it; 128 cases are pending.
The last known website on record is vichare.com.
Company details
Contact details
Vichare Express & Logistics Private Limited's registered office is in Mumbai, Maharashtra. Its website is vichare.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address407 – 408 Kesar Plaza A Wing 4th Floor Plot No.239 Rdp – 6 Charkop Kandivali (Wes, T), Mumbai, Maharashtra, India – 400067
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Vichare Express & 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 Vichare Express & Logistics is transport and storage. In detail, this covers postal & courier activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H7 | Postal & Courier activities |
To see the full business activity and turnover split of Vichare Express & Logistics Private Limited, buy the company report.
Financials of Vichare Express & Logistics Private Limited
FY 2023 filings availableVichare Express & Logistics Private Limited reported revenue of ₹10.67 Cr (up 9% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 9% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 24%. EBITDA rose 81% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹10.67 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.17 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.53 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -11% | ||||
| Net Profit Margin | -42.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of Vichare Express & Logistics Private Limited, buy the company report.
Board of directors of Vichare Express & Logistics Private Limited
Vichare Express & Logistics has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendra Vinayak Vichare | Managing Director | 15 Oct 2005 | 21 Years 0 Months | As last reported |
| Chandrakant Vasant Vichare | Director | 17 Dec 1996 | 29 Years 10 Months | As last reported |
| Vishal Ghisulal Jain | Irp/Rp/Liquidator | 29 Apr 2024 | 2 Years 5 Months | As last reported |
Auditor
Vichare Express & Logistics Private Limited is audited by VATSARAJ AND COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VATSARAJ AND COMPANY | FY 2023 | 111327W |
Shareholding
The shareholding of Vichare Express & 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 Vichare Express & Logistics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2021 | 100462612 | Others | ₹1.98 Cr | Satisfied | |
| 01 Feb 2011 | 10273527 | Nkgsb Co-Operative Bank Limited | ₹2.5 Cr | Satisfied | |
| 01 Feb 2011 | 10272273 | Nkgsb Co-Operative Bank Limited | ₹2.5 Cr | Satisfied |
To see the full charge records of Vichare Express & Logistics Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Vichare Express & Logistics Private Limited has 357 court cases on record: 9 filed by Vichare Express & Logistics, 348 filed against it. 128 cases are pending and 229 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 352 | 347 | 128 |
| High courts | 5 | 1 | 0 |
Cases on record (5 of 357)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SW CASES W) | Filed by the company against an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.PGA) | Filed against the company by an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.IDA) | Filed against the company by an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.PGA) | Filed against the company by an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.IDA) | Filed against the company by an individual | Pending |
To see the full case history of Vichare Express & 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
Vichare Express & Logistics Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 5 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Corporate Solutions | |||
| an individual supplier |
To see the full MSME payment records of Vichare Express & Logistics Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Vichare Express & Logistics Private Limited has a workforce of 2 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Vichare Express & Logistics has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV4075B2ZJ | Maharashtra | Active | 01 Jul 2024 |
To see the full GST registrations and return filing status of Vichare Express & Logistics Private Limited, buy the company report.
Recent activity
Vichare Express & Logistics Private Limited has 5 board changes on record since 1996: 3 appointments and 2 cessations. The latest: Vishal Ghisulal Jain was appointed as Irp/Rp/Liquidator on 29 Apr 2024.
4 earlier events are in the company report.
Frequently asked questions
Vichare Express & Logistics is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Vichare Express & Logistics is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 17 December 1996 and is registered under CIN U64120MH1996PTC104537. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Vichare Express & Logistics has 3 current directors:
- Mahendra Vinayak Vichare - Managing Director
- Chandrakant Vasant Vichare - Director
- Vishal Ghisulal Jain - Irp/Rp/Liquidator
The latest financial statements of Vichare Express & Logistics on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vichare Express & Logistics is U64120MH1996PTC104537. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vichare Express & Logistics has no open charges and satisfied charges of ₹6.98 Cr as per latest MCA filings.
Vichare Express & Logistics has 357 court cases on record: 9 filed by the company and 348 filed against it. 128 are pending. Most are in the district courts.
Vichare Express & Logistics was incorporated on 17 December 1996. It is registered with the Registrar of Companies, Mumbai.
Vishal Ghisulal Jain was appointed as Irp/Rp/Liquidator on 29 Apr 2024. Avinash Diwanji Shirke ceased to be Whole-Time Director on 11 Jun 2022. Mugdha Mahendra Vichare ceased to be Whole-Time Director on 26 Mar 2018. Vichare Express & Logistics has 5 board changes on record in total.
Vichare Express & Logistics has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 5 overdue payments to 2 micro and small suppliers. The latest return was filed on 13 May 2019.
Vichare Express & Logistics can be reached through the website vichare.com. Its registered office is in Mumbai, Maharashtra, India.