About Virat Global Logistics Private Limited
Data last updated:
Virat Global 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 03 June 2013.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63090MH2013PTC243923. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Ultimate Global Integrated Logistics Private Limited. It is led by directors including Harshad Shamkant Deshpande (Irp/Rp/Liquidator) and Paresh Vasant Deshmukh.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 403 4th Floor Thakkar Heights Subhash Nagar Bhandup West, Mumbai, Maharashtra, India – 400078.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.92 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹16.35 Lakh (net margin -8.5%) and EBITDA of -₹7.08 Lakh (EBITDA margin -3.7%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years.
As per MCA filings, the company has open charges of ₹1.71 Cr and satisfied charges of ₹1 Cr on record. Court records list 11 cases involving the company, including 3 filed by the company and 8 filed against it; 4 cases are pending.
The last known website on record is viratgroup.co.in.
Company details
Contact details
Virat Global Logistics Private Limited's registered office is in Mumbai, Maharashtra. Its website is viratgroup.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address403 4th Floor Thakkar Heights Subhash Nagar Bhandup West, Mumbai, Maharashtra, India – 400078
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Virat Global 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 Virat Global Logistics is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of Virat Global Logistics Private Limited, buy the company report.
Financials of Virat Global Logistics Private Limited
FY 2019 filings availableVirat Global Logistics Private Limited reported revenue of ₹1.92 Cr (down 19% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 22% over three years, including a 19% fall in the latest year. EBITDA fell 146% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.92 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹7.08 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹16.35 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.7% | ||||
| Net Profit Margin | -8.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Virat Global Logistics Private Limited, buy the company report.
Board of directors of Virat Global Logistics Private Limited
Virat Global Logistics has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paresh Vasant Deshmukh | Additional Director | 30 Jun 2020 | 6 Years 3 Months | As last reported |
| Harshad Shamkant Deshpande Also directs: Accounting Technicians Foundation | Irp/Rp/Liquidator | 21 Sep 2023 | 3 Years 1 Months | As last reported |
| Janak Vaman Joshi | Additional Director | 30 Jun 2020 | 6 Years 3 Months | As last reported |
Auditor
Virat Global Logistics Private Limited is audited by J B LODHA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J B LODHA & CO | FY 2019 | 135132W |
Shareholding
The shareholding of Virat Global Logistics Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Virat Global Logistics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 May 2016 | 100068704 | Others | ₹1.41 Cr | Open | |
| 11 Apr 2016 | 100020737 | Others | ₹30 Lakh | Open | |
| 24 Sep 2015 | 10595601 | Axis Bank Limited | ₹1 Cr | Satisfied |
To see the full charge records of Virat Global Logistics Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Virat Global Logistics Private Limited has 11 court cases on record: 3 filed by Virat Global Logistics, 8 filed against it. 4 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 7 | 4 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Criminal case | Filed against the company by C P World Lines Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Indus Container Lines Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against HDFC Bank Ltd. | Pending |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Indus Container Lines Pvt Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Shriram City Union Finance Ltd | Disposed |
To see the full case history of Virat Global 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 Virat Global Logistics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Virat Global Logistics has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Virat Global Logistics Private Limited, buy the company report.
Recent activity
Virat Global Logistics Private Limited has 8 board changes on record since 2014: 3 appointments and 5 cessations. The latest: Harshad Shamkant Deshpande was appointed as Irp/Rp/Liquidator on 21 Sep 2023.
3 earlier events are in the company report.
Frequently asked questions
Virat Global 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.
Virat Global 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 03 June 2013 and is registered under CIN U63090MH2013PTC243923. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Virat Global Logistics has 3 current directors:
- Paresh Vasant Deshmukh - Additional Director
- Janak Vaman Joshi - Additional Director
- Harshad Shamkant Deshpande - Irp/Rp/Liquidator
The latest financial statements of Virat Global Logistics on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Virat Global Logistics is U63090MH2013PTC243923. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Virat Global Logistics has open charges of ₹1.71 Cr and satisfied charges of ₹1 Cr as per latest MCA filings.
Virat Global Logistics has 11 court cases on record: 3 filed by the company and 8 filed against it. 4 are pending. Most are in the district courts.
Virat Global Logistics was incorporated on 03 June 2013. It is registered with the Registrar of Companies, Mumbai.
Harshad Shamkant Deshpande was appointed as Irp/Rp/Liquidator on 21 Sep 2023. Minal Kishor Chavan ceased to be Director on 01 Jul 2020. Viral Bharat Joshi ceased to be Director on 01 Jul 2020. Virat Global Logistics has 8 board changes on record in total.
Virat Global Logistics can be reached through the website viratgroup.co.in. Its registered office is in Mumbai, Maharashtra, India.