Essar Shipping Limited.

Provides shipping services as part of Essar Group, incorporated in 2010, based in Gujarat.

2010 | Jamnagar, Gujarat (India) | Active
Last Updated:

Essar Shipping Profile

Key Indicators

  • Authorised Capital ₹ 650.00 Cr
  • Paid Up Capital ₹ 206.98 Cr
  • Company Age 14 Year, 11 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 2,793.20 Cr
  • Satisfied Charges ₹ 1,341.26 Cr
  • Revenue Growth -87.14%
  • Profit Growth 777.17%
  • Ebitda -133.92%
  • Net Worth 51.36%
  • Total Assets -4.92%

About Essar Shipping

Essar Shipping Limited. (ESL) is a leading Public Limited Indian Non-Government Company incorporated in India on 16 April 2010 and has a history of 14 years and 11 months. Its registered office is in Jamnagar, Gujarat, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 533704 and on the National Stock Exchange(NSE) under ESSARSHPNG.

The Corporate was formerly known as Essar Ports & Terminals Limited. 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 650.00 Cr and a paid-up capital of Rs 206.98 Cr.

The company currently has active open charges totaling ₹2,793.20 Cr. The company has closed loans amounting to ₹1,341.26 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Essar Shipping Limited. India are Vipin Jain as CFO and Rachana Trevedi as Company Secretary. Rajesh Desai, Suresh Ramamirtham, Jayakumar, and Three other members serve as directors at the Company.

Company Details

  • Location

    Jamnagar, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L61200GJ2010PLC060285

  • Company No.

    060285

  • Stock Symbol

    BSE : 533704 NSE : ESSARSHPNG

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    16 Apr 2010

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Ahmedabad

Industry

Transport and Logistics

Who are the key members and board of directors at Essar Shipping?

Executive Team (2)

NameDesignationAppointment DateStatus
Vipin Jain Country flag representing In CFO19-Jun-2024Current
Rachana Trevedi Country flag representing In Company Secretary02-May-2024Current

Board Members (6)

NameDesignationAppointment DateStatus
Rajesh Desai Country flag representing In Director 30-Sep-2020Current
Suresh Ramamirtham Country flag representing In Director 31-Aug-2021Current
Jayakumar Country flag representing In Director 31-Aug-2021Current
Sunil Modak Country flag representing In Director 08-Sep-2022Current
Raichel Mathew Country flag representing In Director 08-Sep-2022Current
Vipin Jain Country flag representing In Whole-Time Director and Cfo 28-May-2024Current

Financial Performance of Essar Shipping.

Essar Shipping Limited., for the financial year ended 2023, experienced significant reduction in revenue, with a 87.14% decrease. The company also saw a substantial improvement in profitability, with a 777.17% increase in profit. The company's net worth Soared by an impressive increase of 51.36%.

Essar Shipping revenue growth over time
Essar Shipping 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
-87.14%
Revenue from Operations
-97.62%
Total Assets
-4.92%
Profit or Loss
777.17%
Net Worth
51.36%
EBITDA
-133.92%

What is the Ownership and Shareholding Structure of Essar Shipping?

In 2020, Essar Shipping had a promoter holding of 74.37% and a public holding of 25.62%. The company had 2 Subsidiaries and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹2,793.20 Cr

Satisfied Charges

₹1,341.26 Cr

Charges Breakdown by Lending Institutions

  • Loans And Agency Uk And Europe : 1159.20 Cr
  • Others : 716.00 Cr
  • Srei Infrastructure Finance Limited : 490.00 Cr
  • Yes Bank Limited : 388.00 Cr
  • Idbi Trusteeship Services Limited : 40.00 Cr

Latest Charge Details

DateLenderAmountStatus
18 Dec 2023Others₹320.00 CrOpen
31 May 2023Others₹306.00 CrOpen
08 Dec 2020Others₹90.00 CrOpen
20 Aug 2014Yes Bank Limited₹318.00 CrOpen
03 May 2014Srei Infrastructure Finance Limited₹25.00 CrOpen

How Many Employees Work at Essar Shipping?

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

Employee growth trends for Essar Shipping Limited.

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Essar Shipping, 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 Essar Shipping'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 Essar Shipping

Recent activity within the organization

  • Annual General Meeting

    Essar Shipping Limited. last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Director Appointment

    Vipin Jain was appointed as a Cfo was appointed as a Cfo on 19 Jun 2024 & has been associated with this company since 9 months 8 days .

  • Director Appointment

    Vipin Jain was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 28 May 2024 & has been associated with this company since 9 months 30 days .

  • Director Appointment

    Rachana Hemant Trevedi was appointed as a Company Secretary was appointed as a Company Secretary on 02 May 2024 & has been associated with this company since 10 months 25 days .

  • Balance Sheet

    Essar Shipping Limited. has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

  • Charges

    A charge with Others amounted to Rs. 320.00 Cr with Charge ID 100854163 was registered on 18 Dec 2023.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Essar Shipping Limited.?

    Essar Shipping Limited. was incorporated on 16 Apr 2010.

  • What is authorized share capital and paid-up capital of Essar Shipping Limited.?

    The authorized share capital of Essar Shipping Limited. is ₹ 650.00 Cr and paid-up capital is ₹ 206.98 Cr.

  • Who are the current board members & directors of Essar Shipping Limited.?

    Currently 8 directors are associated with Essar Shipping Limited..

    • Rajesh Dhirubhai Desai
    • Suresh Ramamirtham
    • Jayakumar
    • Sunil Bhargav Modak
    • Raichel Mathew
    • Vipin Jain
    • Vipin Jain
    • Rachana Hemant Trevedi

  • What is the registered address of Essar Shipping Limited.?

    As per Ministry of Corporate Affairs (Mca), the registered address of Essar Shipping Limited. is Ebtsl Premises Er-2 Building(Admn. Building)Salaya 44 Km P.B. No 7Taluka, Devbhu Mi Dwarka India, Khambhalia, Gujarat, 361305.

  • What is the corporate identification number (CIN) and company number of Essar Shipping Limited.?

    The corporate identification number (CIN) of Essar Shipping Limited. is L61200GJ2010PLC060285 and the company number is 060285 as per Ministry of Corporate Affairs (MCA).

  • Is Essar Shipping Limited. registered with any stock exchange in India?

    Yes, Essar Shipping Limited. is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): ESSARSHPNG.

  • What is the official website of Essar Shipping Limited.?

    The Official website of Essar Shipping Limited. is https://www.essar.com

  • What has been the recent revenue trend for Essar Shipping Limited.?

    According to the financial reports for the fiscal year 2023, the revenue trend for Essar Shipping Limited. has fallen by -87.14%.

  • What change has been observed in the net worth of Essar Shipping Limited., and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Essar Shipping Limited. has experienced an upsurge of 51.36%.

  • What are the total open charges for Essar Shipping Limited.?

    As per the financial statements for fiscal Year 2023, The total open charges for Essar Shipping Limited. amount to ₹ 2,793.20 Cr.

  • When was the last Balance Sheet of Essar Shipping Limited. filed with the ROC?

    The most recent Balance Sheet for Essar Shipping Limited. was filed with the ROC on 31 Mar 2024.

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