Mahasagar Travels Limited

Travel agency with franchise network offering bus packages and parcel/phone booking services in Gujarat.

1993 | Junagadh, Gujarat (India) | Active
Last Updated:

Mahasagar Travels Profile

Key Indicators

  • Authorised Capital ₹ 8.00 Cr
  • Paid Up Capital ₹ 7.86 Cr
  • Company Age 31 Year, 5 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 11.44 Cr
  • Satisfied Charges ₹ 7.67 Cr
  • Revenue Growth 21.98%
  • Profit Growth 110.96%
  • Ebitda 214.82%
  • Net Worth 25.04%
  • Total Assets 5.88%

About Mahasagar Travels

Mahasagar Travels Limited (MTL) is a leading Public Limited Indian Non-Government Company incorporated in India on 28 September 1993 and has a history of 31 years and five months. Its registered office is in Junagadh, Gujarat, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 526795.

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 2023. It's a company limited by shares with an authorized capital of Rs 8.00 Cr and a paid-up capital of Rs 7.86 Cr.

The company currently has active open charges totaling ₹11.44 Cr. The company has closed loans amounting to ₹7.67 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Mahasagar Travels Limited India are Prakashbhai Kanjibhai as CFO and Chirag Sangatani as Company Secretary. Ravi Sureshbhai, Bhagchand Sukhwani, Prakashbhai Kanjibhai, and Four other members serve as directors at the Company.

Company Details

  • Location

    Junagadh, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    mahasagartravels.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L63040GJ1993PLC020289

  • Company No.

    020289

  • Stock Symbol

    BSE : 526795

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    28 Sep 1993

  • Date of AGM

    22 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Listed

  • ROC Code

    Roc Ahmedabad

Industry

Transport and Logistics

Who are the key members and board of directors at Mahasagar Travels?

Executive Team (3)

NameDesignationAppointment DateStatus
Bhagchand Sukhwani Country flag representing In Managing Director01-Jan-1994Current
Prakashbhai Kanjibhai Country flag representing In CFO30-Sep-2014Current
Chirag Sangatani Company Secretary02-Dec-2021Current

Board Members (6)

NameDesignationAppointment DateStatus
Ravi Sureshbhai Country flag representing In Director 10-Aug-2003Current
Prakashbhai Kanjibhai Country flag representing In Director and Cfo 15-Jul-2001Current
Kavita Bachani Country flag representing In Director 19-Jan-2016Current
Rajivbhai Maheta Country flag representing In Director 29-Sep-2017Current
Abhay Sukhwani Country flag representing In Director 29-Sep-2019Current
Jasubhai Barevadia Country flag representing In Director 29-Sep-2019Current

Financial Performance of Mahasagar Travels.

Mahasagar Travels Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 21.98% increase. The company also saw a substantial improvement in profitability, with a 110.96% increase in profit. The company's net worth Soared by an impressive increase of 25.04%.

Mahasagar Travels revenue growth over time
Mahasagar Travels 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
21.98%
Revenue from Operations
22.53%
Total Assets
5.88%
Profit or Loss
110.96%
Net Worth
25.04%
EBITDA
214.82%

What is the Ownership and Shareholding Structure of Mahasagar Travels?

In 2022, Mahasagar Travels had a promoter holding of 31.29% and a public holding of 68.71%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹11.44 Cr

Satisfied Charges

₹7.67 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 7.77 Cr
  • Others : 2.25 Cr
  • Junagadh Commercial Co. Operative Bank Ltd. : 0.45 Cr
  • Ge Capital Transportation Financial Serveces Ltd : 0.41 Cr
  • Hdfc Bank Ltd : 0.27 Cr
  • Others : 0.29 Cr

Latest Charge Details

DateLenderAmountStatus
25 Feb 2021Others₹7.50 MOpen
06 Feb 2020Others₹5.00 MOpen
21 Jul 2018Hdfc Bank Limited₹1.72 CrOpen
08 Mar 2018Hdfc Bank Limited₹1.27 CrOpen
27 Feb 2018Hdfc Bank Limited₹5.81 MOpen

How Many Employees Work at Mahasagar Travels?

Mahasagar Travels has a workforce of 85 employees as of Apr 04, 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 Mahasagar Travels Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mahasagar 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 Mahasagar Travels'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 Mahasagar Travels

Recent activity within the organization

  • Annual General Meeting

    Mahasagar Travels Limited last Annual general meeting of members was held on 22 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Mahasagar Travels Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.

  • Charges

    A charge with Others amounted to Rs. 0.75 Cr with Charge ID 100429680 was registered on 25 Feb 2021.

  • Charges

    A charge with Others amounted to Rs. 0.50 Cr with Charge ID 100321497 was registered on 06 Feb 2020.

  • Charges

    A charge registered on 09 Dec 2014 via Charge ID 10535812 with Hdfc Bank Limited was fully satisfied on 31 Jul 2018.

  • Charges

    A charge registered on 04 Oct 2014 via Charge ID 10524273 with Hdfc Bank Limited was fully satisfied on 31 Jul 2018.

Frequently asked questions

  • What is the Incorporation or founding date of Mahasagar Travels Limited?

    Mahasagar Travels Limited was incorporated on 28 Sep 1993.

  • What is authorized share capital and paid-up capital of Mahasagar Travels Limited?

    The authorized share capital of Mahasagar Travels Limited is ₹ 8.00 Cr and paid-up capital is ₹ 7.86 Cr.

  • Who are the current board members & directors of Mahasagar Travels Limited?

    Currently 9 directors are associated with Mahasagar Travels Limited.

    • Ravi Karia Sureshbhai
    • Bhagchand Gordhandas Sukhwani
    • Prakashbhai Kakkad Kanjibhai
    • Kavita Bachani
    • Rajivbhai Nareshchandra Maheta
    • Abhay Jayprakashbhai Sukhwani
    • Jasubhai Nanjibhai Barevadia
    • Prakashbhai Kakkad Kanjibhai
    • Chirag Ishwarlal Sangatani

  • What is the registered address of Mahasagar Travels Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Mahasagar Travels Limited is Mahasagar Housejay Shree Talkies Road, Kalwa Chowk, Junagadh, Gujarat, India, 362001.

  • What is the corporate identification number (CIN) and company number of Mahasagar Travels Limited?

    The corporate identification number (CIN) of Mahasagar Travels Limited is L63040GJ1993PLC020289 and the company number is 020289 as per Ministry of Corporate Affairs (MCA).

  • Is Mahasagar Travels Limited registered with any stock exchange in India?

    Yes, Mahasagar Travels Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Mahasagar Travels Limited?

    The Official website of Mahasagar Travels Limited is https://www.mahasagartravels.com

  • What has been the recent revenue trend for Mahasagar Travels Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Mahasagar Travels Limited has risen by 21.98%.

  • How many employees does Mahasagar Travels Limited currently have?

    As Per 2023 financial reports, 85 employees are currently employed by Mahasagar Travels Limited.

  • What change has been observed in the net worth of Mahasagar Travels Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Mahasagar Travels Limited has experienced an upsurge of 25.04%.

  • What are the total open charges for Mahasagar Travels Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Mahasagar Travels Limited amount to ₹ 11.44 Cr.

  • When was the last Balance Sheet of Mahasagar Travels Limited filed with the ROC?

    The most recent Balance Sheet for Mahasagar Travels Limited was filed with the ROC on 31 Mar 2023.

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