About Westoceanic Services Private Limited
Data last updated:
Westoceanic Services Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 17 February 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93000MH2012FTC227124. Its GSTIN is 27AABCW2029F1ZK (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Shivaram Bhoja Shetty and Balakrishna Narayan Shetty.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹34.49 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹3.95 Cr (net margin 11.4%) and EBITDA of ₹4.16 Cr (EBITDA margin 12.1%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 91% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Westoceanic Services.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website westoceanic.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address32 3rd Floor Shubh Commercial Building Opp. Esic Hospital Akurli Road Kandiva, Li East, Mumbai, Maharashtra, India – 400101
- IndustryBusiness Outsourcing, Business & IT Consulting
- 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
Associated Brands with Westoceanic Services Private Limited
Westoceanic Services operates one associated brand: Westoceanic Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Oil and gas services including crew management, logistics, and offshore catering in India and beyond. | westoceanic.com |
Business Activity of Westoceanic Services Private Limited
The main business activity of Westoceanic Services is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services | 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.
Auditor Details of Westoceanic Services Private Limited
Westoceanic Services Private Limited is audited by YRKDAJ & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| YRKDAJ & Associates LLP | 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.
Board of Directors of Westoceanic Services Private Limited
Westoceanic Services has 6 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shivaram Bhoja Shetty | Director | 11 May 2022 | 4 Years 4 Months | Current |
| Balakrishna Narayan Shetty | Director | 11 May 2022 | 4 Years 4 Months | Current |
| Suresh Shetty | Director | 07 Feb 2023 | 3 Years 7 Months | Current |
| Roy Diago Muniz | Director | 07 May 2018 | 8 Years 4 Months | Current |
| Hitesh Vittal Shetty Also directs: Cravingcode Technologies Private Limited | Director | 11 May 2022 | 4 Years 4 Months | Current |
| Siddanth Ramesh Shetty | Director | 11 May 2022 | 4 Years 4 Months | Current |
Financials of Westoceanic Services Private Limited FY 2025 filings available
Westoceanic Services Private Limited reported revenue of ₹34.49 Cr (up 26% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Westoceanic Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 91% over five years, including 26% growth in the latest year. EBITDA fell 42% 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 Westoceanic Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹4.16 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.95 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 of Westoceanic Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 11.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Westoceanic Services 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.
Ownership and Shareholding of Westoceanic Services 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 Westoceanic Services Private Limited
Westoceanic Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Westoceanic Services Private Limited
Westoceanic Services Private Limited has a workforce of 5 employees as of Apr 06, 2024.
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.
GST Compliance of Westoceanic Services Private Limited
Westoceanic Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCW2029F1ZK | Maharashtra | Active | 01 Jul 2017 |
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.
Credit Ratings, Litigation & Regulatory Alerts for Westoceanic Services 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 Westoceanic Services 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 Westoceanic Services 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.
MCA Filings & Documents of Westoceanic Services 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.
Recent Activity on Westoceanic Services Private Limited
Frequently Asked Questions about Westoceanic Services Private Limited
Westoceanic Services is an active foreign private limited company based in Mumbai, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 17 February 2012 (14+ years old) and is registered under CIN U93000MH2012FTC227124.
Westoceanic Services reported revenue of ₹34.49 Cr for FY 2025 (up 26% YoY).
Westoceanic Services has 6 current directors:
- Shivaram Bhoja Shetty - Director
- Balakrishna Narayan Shetty - Director
- Suresh Shetty - Director
- Roy Diago Muniz - Director
- Hitesh Vittal Shetty - Director
- Siddanth Ramesh Shetty - Director
Westoceanic Services reported a net profit of ₹3.95 Cr (net margin 11.4%) and EBITDA of ₹4.16 Cr (EBITDA margin 12.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Westoceanic Services is 7% over three years and 91% over five years. In the latest year (FY 2025) revenue rose 26%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Westoceanic Services is 27AABCW2029F1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Westoceanic Services is U93000MH2012FTC227124. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Westoceanic Services was incorporated on 17 February 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Westoceanic Services can be reached through the website westoceanic.com. Its registered office is in Mumbai, Maharashtra, India.