Freight Systems (India) Private Limited

International freight forwarding with door-to-door service and carrier contracts.

1993 | Chennai, Tamil Nadu (India) | Active
Last Updated:

Freight Systems (India) Profile

Key Indicators

  • Authorised Capital ₹ 3.25 Cr
  • Paid Up Capital ₹ 1.77 Cr
  • Company Age 31 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 44.15 Cr
  • Satisfied Charges ₹ 58.62 Cr
  • Revenue Growth -8.55%
  • Profit Growth -27.47%
  • Ebitda -31.18%
  • Net Worth 20.40%
  • Total Assets 5.62%

About Freight Systems (India)

Freight Systems (India) Private Limited (FSIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 07 December 1993 and has a history of 31 years and five months. Its registered office is in Chennai, Tamil Nadu, 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 3.25 Cr and a paid-up capital of Rs 1.77 Cr.

The company currently has active open charges totaling ₹44.15 Cr. The company has closed loans amounting to ₹58.62 Cr, as per Ministry of Corporate Affairs (MCA) records.

Manu Bhalla, David Phillips, Jonathan Phillips, and Two other members serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U63010TN1993PTC062664

  • Company No.

    062664

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    07 Dec 1993

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Transport and Logistics

What products or services does Freight Systems (India) Private Limited offer?

Freight Systems (India) Private Limited offers a wide range of products and services, including Oils, Grease & Lubricants, Lubricants, Software Development & IT Consultant, Malware Removal Services, Forwarding & Custom Clearing, Clearing & Forwarding Services, Business Planning and Management, Business Consultant, Electric Converters, Goods Transport Services.

Company report

Freight Systems (India) Private Limited

Explore comprehensive data for Freight Systems (India) Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Freight Systems (India)?

Board Members (5)

NameDesignationAppointment DateStatus
Manu Bhalla Country flag representing In Director 14-Sep-1999Current
David Phillips Country flag representing In Director 04-Aug-1995Current
Jonathan Phillips Country flag representing In Director 06-Feb-2012Current
Jennifer Phillips Country flag representing In Director 27-Apr-2021Current
Amanda Phillips Country flag representing In Director 21-Feb-2023Current

Financial Performance of Freight Systems (India).

Freight Systems (India) Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 8.55% decrease. The company also saw a substantial fall in profitability, with a 27.47% decrease in profit. The company's net worth Soared by an impressive increase of 20.4%.

Freight Systems (India) revenue growth over time
Freight Systems (India) 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
-8.55%
Revenue from Operations
-8.65%
Total Assets
5.62%
Profit or Loss
-27.47%
Net Worth
20.40%
EBITDA
-31.18%

What is the Ownership and Shareholding Structure of Freight Systems (India)?

In 2023, Freight Systems (India) had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹44.15 Cr

Satisfied Charges

₹58.62 Cr

Charges Breakdown by Lending Institutions

  • Standard Chartered Bank : 18.15 Cr
  • The Hongkong And Shanghai Banking Corporation Limited : 15.00 Cr
  • Citi Bank N.A. : 11.00 Cr

Latest Charge Details

DateLenderAmountStatus
29 Sep 2021The Hongkong And Shanghai Banking Corporation Limited₹15.00 CrOpen
31 Oct 2016Citi Bank N.A.₹6.00 CrOpen
02 Sep 2016Citi Bank N.A.₹5.00 CrOpen
27 Nov 2009Standard Chartered Bank₹1.53 MOpen
29 Feb 2008Standard Chartered Bank₹18.00 CrOpen

How Many Employees Work at Freight Systems (India)?

Freight Systems (India) has a workforce of 506 employees as of Mar 31, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Freight Systems (India) Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Freight Systems (India), 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 Freight Systems (India)'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 Freight Systems (India)

Recent activity within the organization

  • Annual General Meeting

    Freight Systems (India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Freight Systems (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

  • Charges

    A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 15.00 Cr registered on 29 Sep 2021 with Charge ID 100494211 was modified on 13 Oct 2023.

  • Director Appointment

    Amanda Nicole Phillips was appointed as a Director was appointed as a Director on 21 Feb 2023 & has been associated with this company since 2 years 2 months .

  • Charges

    A charge registered on 27 Nov 2017 via Charge ID 100147331 with Citi Bank N.A. was fully satisfied on 20 Oct 2022.

  • Charges

    A charge registered on 07 Aug 2015 via Charge ID 10596017 with Citi Bank N.A. was fully satisfied on 20 Oct 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Freight Systems (India) Private Limited?

    Freight Systems (India) Private Limited was incorporated on 07 Dec 1993.

  • What is authorized share capital and paid-up capital of Freight Systems (India) Private Limited?

    The authorized share capital of Freight Systems (India) Private Limited is ₹ 3.25 Cr and paid-up capital is ₹ 1.77 Cr.

  • Who are the current board members & directors of Freight Systems (India) Private Limited?

    Currently 5 directors are associated with Freight Systems (India) Private Limited.

    • Manu Raj Bhalla
    • David Lionel Phillips
    • Jonathan Phillips
    • Jennifer Phillips
    • Amanda Nicole Phillips

  • What is the registered address of Freight Systems (India) Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Freight Systems (India) Private Limited is Olymbia Cyberspace 5Th Floor No.21/22 Alandur Road Arulayiammanpet 2Nd Street Gunidy, India, Chennai City Corporation, Tamil Nadu, 600032.

  • What is the corporate identification number (CIN) and company number of Freight Systems (India) Private Limited?

    The corporate identification number (CIN) of Freight Systems (India) Private Limited is U63010TN1993PTC062664 and the company number is 062664 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Freight Systems (India) Private Limited?

    The Official website of Freight Systems (India) Private Limited is https://www.freightsystems.com

  • What has been the recent revenue trend for Freight Systems (India) Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Freight Systems (India) Private Limited has fallen by -8.55%.

  • How many employees does Freight Systems (India) Private Limited currently have?

    As Per 2023 financial reports, 506 employees are currently employed by Freight Systems (India) Private Limited.

  • What change has been observed in the net worth of Freight Systems (India) Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Freight Systems (India) Private Limited has experienced an upsurge of 20.40%.

  • What are the total open charges for Freight Systems (India) Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Freight Systems (India) Private Limited amount to ₹ 44.15 Cr.

  • When was the last Balance Sheet of Freight Systems (India) Private Limited filed with the ROC?

    The most recent Balance Sheet for Freight Systems (India) Private Limited was filed with the ROC on 31 Mar 2024.

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