Volare Logistix Private Limited
About Volare Logistix Private Limited
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Volare Logistix Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the carrying and forwarding agents (cfa) segment of the transport and logistics sector. It was incorporated on 09 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63030MH2019PTC325199. Its GSTIN is 27AAGCV9383G1ZR (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kajal Bhupendra Panchal and Krutali Deepan Panchal.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹61.42 Lakh, a decline of 38% compared to the previous year. For the same year it recorded a net loss of ₹9.53 Lakh (net margin -15.5%) and EBITDA of -₹8.86 Lakh (EBITDA margin -14.4%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years.
Company details
Contact details
Volare Logistix Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address406 Corporate Avenue Wing – A Sonawala Road Nr Udyog Bhuvan Goregaon, East, Mumbai, Maharashtra, India – 400063
- IndustryTransport and Logistics, Carrying & Forwarding Agents (CFA)
To see the full contact details of Volare Logistix 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 Volare Logistix 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 Volare Logistix Private Limited, buy the company report.
Financials of Volare Logistix Private Limited
FY 2024 filings availableVolare Logistix Private Limited reported revenue of ₹61.42 Lakh (down 38% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 59% over three years, including a 38% fall in the latest year. EBITDA fell 460% 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 | -₹8.86 Lakh | ||||
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| Net Profit (PAT) | -₹9.53 Lakh | ||||
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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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| Profitability | |||||
| EBITDA Margin | -14.4% | ||||
| Net Profit Margin | -15.5% | ||||
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To see the full financial statements and ratios of Volare Logistix Private Limited, buy the company report.
Board of directors of Volare Logistix Private Limited
Volare Logistix has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kajal Bhupendra Panchal Also directs: Aaraa Entertainment Private Limited | Director | 20 Dec 2023 | 2 Years 10 Months | Current |
| Krutali Deepan Panchal | Director | 08 Jul 2019 | 7 Years 3 Months | Current |
Auditor
Volare Logistix Private Limited is audited by GIRISH TANWANI & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GIRISH TANWANI & ASSOCIATES | FY 2023 | 135675W |
Shareholding
The shareholding of Volare Logistix Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Volare Logistix Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Volare Logistix Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Volare Logistix Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Volare Logistix has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCV9383G1ZR | Maharashtra | Active | 01 Jul 2019 |
To see the full GST registrations and return filing status of Volare Logistix Private Limited, buy the company report.
Recent activity
Volare Logistix Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Sanjay Sunilkumar Dey ceased to be Director on 23 Dec 2023.
Frequently asked questions
Volare Logistix is an active private limited company based in Mumbai, Maharashtra, India. The company works in carrying and forwarding agents (cfa), within the transport and logistics industry. It was incorporated on 09 May 2019 (7+ years old) and is registered under CIN U63030MH2019PTC325199.
Volare Logistix has 2 current directors:
- Kajal Bhupendra Panchal - Director
- Krutali Deepan Panchal - Director
The latest financial statements of Volare Logistix 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 FY 2020 are in the company report.
The GSTIN of Volare Logistix is 27AAGCV9383G1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of Volare Logistix is U63030MH2019PTC325199. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Volare Logistix was incorporated on 09 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Sanjay Sunilkumar Dey ceased to be Director on 23 Dec 2023. Kajal Bhupendra Panchal was appointed as Director on 20 Dec 2023. Krutali Deepan Panchal was appointed as Director on 08 Jul 2019.
The registered office of Volare Logistix is at 406 Corporate Avenue Wing – A Sonawala Road Nr Udyog Bhuvan Goregaon, East, Mumbai, Maharashtra, India – 400063.
Volare Logistix operates in the transport and logistics industry, in the carrying and forwarding agents (cfa) segment.
Volare Logistix can be reached at its registered office: 406 Corporate Avenue Wing – A Sonawala Road Nr Udyog Bhuvan Goregaon, East, Mumbai, Maharashtra, India – 400063.
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