Freightwings And Travels Profile
Key Indicators
- Authorised Capital ₹ 6.00 Cr
- Paid Up Capital ₹ 4.99 Cr
- Company Age 45 Year, 9 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 18.53 Cr
- Satisfied Charges ₹ 39.72 Cr
- Revenue Growth -35.42%
- Profit Growth -355.24%
- Ebitda -158.16%
- Net Worth -3.94%
- Total Assets -23.93%
About Freightwings And Travels
Freightwings And Travels Private Limited (FATPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 16 May 1979 and has a history of 45 years and nine months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Freightwings & Travels 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 6.00 Cr and a paid-up capital of Rs 4.99 Cr.
The company currently has active open charges totaling ₹18.53 Cr. The company has closed loans amounting to ₹39.72 Cr, as per Ministry of Corporate Affairs (MCA) records.
Vivek Kele and Nityam Khosla serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U45200MH1979PTC021294
- Company No.
021294
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
16 May 1979
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Transport and Logistics
Who are the key members and board of directors at Freightwings And Travels?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vivek Kele  | Director | 25-Aug-2023 | Current |
| Nityam Khosla | Director | 25-Aug-2023 | Current |
Financial Performance of Freightwings And Travels.
Freightwings And Travels Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 35.42% decrease. The company also saw a substantial fall in profitability, with a 355.24% decrease in profit. The company's net worth dipped by a decrease of 3.94%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Freightwings And Travels?
In 2023, Freightwings And Travels had a promoter holding of 99.99% and a public holding of 0.01%. The company had 3 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Teamworld Logistics Private LimitedVivek Kele and Nityam Khosla are mutual person
Chandra Cfs And Terminal Operators Private LimitedVivek Kele and Nityam Khosla are mutual person
Batco Integrated Logistics Private LimitedVivek Kele and Nityam Khosla are mutual person
Team Global Logistics Private LimitedVivek Kele and Nityam Khosla are mutual person
International Cargo Terminal Private LimitedVivek Kele and Nityam Khosla are mutual person
Mahaad Horticulture Private LimitedVivek Kele is a mutual person
Charges (Loans)
Open Charges
₹18.53 Cr
Satisfied Charges
₹39.72 Cr
Charges Breakdown by Lending Institutions
- Citi Bank N.A. : 10.00 Cr
- Axis Bank Limited : 8.53 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 May 2024 | Citi Bank N.A. | ₹10.00 Cr | Open |
| 03 Apr 2019 | Axis Bank Limited | ₹2.53 Cr | Open |
| 26 Dec 2018 | Axis Bank Limited | ₹6.00 Cr | Open |
| 03 Apr 2019 | Axis Bank Limited | ₹6.80 Cr | Satisfied |
| 01 Feb 2002 | Others | ₹16.35 Cr | Satisfied |
How Many Employees Work at Freightwings And Travels?
Freightwings And Travels has a workforce of 35 employees as of Apr 05, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Freightwings And Travels, 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 Freightwings And Travels's trajectory.
Rating
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
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 Freightwings And Travels
Recent activity within the organization
- Annual General Meeting
Freightwings And Travels Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge with Citi Bank N.A. amounted to Rs. 10.00 Cr with Charge ID 100939429 was registered on 12 May 2024.
- Balance Sheet
Freightwings And Travels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Charges
A charge with Axis Bank Limited of Rs. 2.53 Cr registered on 03 Apr 2019 with Charge ID 100259681 was modified on 14 Dec 2023.
- Charges
A charge with Axis Bank Limited of Rs. 6.00 Cr registered on 26 Dec 2018 with Charge ID 100234912 was modified on 14 Dec 2023.
- Charges
A charge registered on 03 Apr 2019 via Charge ID 100259680 with Axis Bank Limited was fully satisfied on 13 Dec 2023.
Frequently asked questions
What is the Incorporation or founding date of Freightwings And Travels Private Limited?
Freightwings And Travels Private Limited was incorporated on 16 May 1979.
What is authorized share capital and paid-up capital of Freightwings And Travels Private Limited?
The authorized share capital of Freightwings And Travels Private Limited is ₹ 6.00 Cr and paid-up capital is ₹ 4.99 Cr.
Who are the current board members & directors of Freightwings And Travels Private Limited?
Currently 2 directors are associated with Freightwings And Travels Private Limited.
- Vivek Raghunath Kele
- Nityam Keshavchander Khosla
What is the registered address of Freightwings And Travels Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Freightwings And Travels Private Limited is Freightwings Housemakwana Road Marol India, Mumbai, Maharashtra, 400059.
What is the corporate identification number (CIN) and company number of Freightwings And Travels Private Limited?
The corporate identification number (CIN) of Freightwings And Travels Private Limited is U45200MH1979PTC021294 and the company number is 021294 as per Ministry of Corporate Affairs (MCA).
What is the official website of Freightwings And Travels Private Limited?
The Official website of Freightwings And Travels Private Limited is https://www.freightwings.com
What has been the recent revenue trend for Freightwings And Travels Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Freightwings And Travels Private Limited has fallen by -35.42%.
How many employees does Freightwings And Travels Private Limited currently have?
As Per 2023 financial reports, 35 employees are currently employed by Freightwings And Travels Private Limited.
What change has been observed in the net worth of Freightwings And Travels Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Freightwings And Travels Private Limited has experienced an downturn of -3.94%.
What are the total open charges for Freightwings And Travels Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Freightwings And Travels Private Limited amount to ₹ 18.53 Cr.
When was the last Balance Sheet of Freightwings And Travels Private Limited filed with the ROC?
The most recent Balance Sheet for Freightwings And Travels Private Limited was filed with the ROC on 31 Mar 2024.
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