Economic Freight Carriers Limited

Logistics and transportation services for various industries, including bulk carriers and heavy lift transportation.

2003 | Delhi (India) | Active
Last Updated: December 19, 2024

Economic Freight Carriers Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 5.00 M
  • Company Age 22 Year, 10 Days
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 0.70 M
  • Revenue Growth 0.75%
  • Profit Growth 29.06%
  • Ebitda 79.66%
  • Net Worth 8.11%
  • Total Assets 14.35%

About Economic Freight Carriers

Economic Freight Carriers Limited (EFCL) is a leading Public Limited Indian Non-Government Company incorporated in India on 15 February 2003 and has a history of 22 years. Its registered office is in Delhi, India.

The Company is engaged in the Transport And Logistics Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 5.00 M and a paid-up capital of Rs 5.00 M.

The company has closed loans amounting to ₹0.70 M, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Jaikumar Agarwal, Suman Aggarwal, Meena Agarwal, and Five other members serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U63013DL2003PLC118822

  • Company No.

    118822

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    15 Feb 2003

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Transport and Logistics

Who are the key members and board of directors at Economic Freight Carriers?

Board Members (8)

NameDesignationAppointment DateStatus
Himanshu Agarwal Country flag representing In Director 12-Aug-2014Current
Jaikumar Agarwal Country flag representing In Director 15-Feb-2003Current
Suman Aggarwal Country flag representing In Director 15-Feb-2003Current
Meena Agarwal Country flag representing In Director 15-Feb-2003Current
Rajesh Agarwal Country flag representing In Director 15-Feb-2003Current
Aakash Agarwal Country flag representing In Director 12-Aug-2014Current

Financial Performance of Economic Freight Carriers.

Economic Freight Carriers Limited, for the financial year ended 2017, experienced modest growth in revenue, with a 0.75% increase. The company also saw a substantial improvement in profitability, with a 29.06% increase in profit. The company's net worth moved up by a moderate rise of 8.11%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
0.75%
Revenue from Operations
0.76%
Total Assets
14.35%
Profit or Loss
29.06%
Net Worth
8.11%
EBITDA
79.66%

What is the Ownership and Shareholding Structure of Economic Freight Carriers?

In 2017, Economic Freight Carriers had a promoter holding of 76.70% and a public holding of 23.30%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹0.70 M

Charges Breakdown by Lending Institutions

  • Kotak Mahindra Prime Limited : 0.07 Cr

Latest Charge Details

DateLenderAmountStatus
24 Sep 2015Kotak Mahindra Prime Limited₹0.70 MSatisfied

How Many Employees Work at Economic Freight Carriers?

Unlock and access historical data on people associated with Economic Freight Carriers, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Economic Freight Carriers, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Economic Freight Carriers's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Economic Freight Carriers

Recent activity within the organization

  • Annual General Meeting

    Economic Freight Carriers Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Economic Freight Carriers Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.

    31 Mar 2024

  • Charges

    A charge registered on 24 Sep 2015 via Charge ID 10598555 with Kotak Mahindra Prime Limited was fully satisfied on 23 Feb 2019.

    23 Feb 2019

  • Director Appointment

    Aadesh Agarwal was appointed as a Director was appointed as a Director on 15 Mar 2017 & has been associated with this company since 7 years 11 months .

    15 Mar 2017

  • Charges

    A charge with Kotak Mahindra Prime Limited amounted to Rs. 0.70 M with Charge ID 10598555 was registered on 24 Sep 2015.

    24 Sep 2015

  • Director Appointment

    Aakash Jaikumar Agarwal was appointed as a Director was appointed as a Director on 12 Aug 2014 & has been associated with this company since 10 years 6 months .

    12 Aug 2014

Frequently asked questions

  • Economic Freight Carriers Limited was incorporated on 15 Feb 2003.

  • The authorized share capital of Economic Freight Carriers Limited is ₹ 5.00 M and paid-up capital is ₹ 5.00 M.

  • Currently 8 directors are associated with Economic Freight Carriers Limited.

    • Jaikumar Agarwal
    • Suman Aggarwal
    • Meena Agarwal
    • Rajesh Kumar Agarwal
    • Aakash Jaikumar Agarwal
    • Siddhant Agarwal
    • Himanshu Agarwal
    • Aadesh Agarwal
  • As per Ministry of Corporate Affairs (Mca), the registered address of Economic Freight Carriers Limited is 35, Tarun Enclave Pitampura India, Delhi, 110034.

  • The corporate identification number (CIN) of Economic Freight Carriers Limited is U63013DL2003PLC118822 and the company number is 118822 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Economic Freight Carriers Limited is https://www.economicfreight.com

  • According to the financial reports for the fiscal year 2017, the revenue trend for Economic Freight Carriers Limited has risen by 0.75%.

  • The financial reports for the fiscal year 2017 indicates that The net worth of Economic Freight Carriers Limited has experienced an upsurge of 8.11%.

  • The most recent Balance Sheet for Economic Freight Carriers Limited was filed with the ROC on 31 Mar 2024.