Mega Freight Movers Profile
Key Indicators
- Authorised Capital ₹ 6.00 Cr
- Paid Up Capital ₹ 6.00 Cr
- Company Age 30 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 39.93 Cr
- Satisfied Charges ₹ 7.73 Cr
- Revenue Growth -0.38%
- Profit Growth 13.37%
- Ebitda -21.25%
- Net Worth 12.04%
- Total Assets 9.43%
About Mega Freight Movers
Mega Freight Movers Ltd (MFML) is a leading Public Limited Indian Non-Government Company incorporated in India on 22 April 1994 and has a history of 30 years and nine months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Mega Freight Movers Pvt Ltd. 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 6.00 Cr and a paid-up capital of Rs 6.00 Cr.
The company currently has active open charges totaling ₹39.93 Cr. The company has closed loans amounting to ₹7.73 Cr, as per Ministry of Corporate Affairs (MCA) records.
Bimladevi Mahipal, Nitin Mahipal, Ritesh Jalan, and One other member serve as directors at the Company.
Company Details
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Location
Mumbai, Maharashtra, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U63030MH1994PLC077910
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Company No.
077910
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
22 Apr 1994
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Mumbai
Industry
Who are the key members and board of directors at Mega Freight Movers?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Nitin Mahipal
|
Managing Director | 07-Apr-1999 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Bimladevi Mahipal
|
Director | 22-Apr-1994 | Current |
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Ritesh Jalan
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Director | 28-Sep-2021 | Current |
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Ankita Mahipal
|
Director | 17-Jun-2013 | Current |
Financial Performance of Mega Freight Movers.
Mega Freight Movers Ltd, for the financial year ended 2023, experienced Minor drop in revenue, with a 0.38% decrease. The company also saw a substantial improvement in profitability, with a 13.37% increase in profit. The company's net worth Soared by an impressive increase of 12.04%.
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What is the Ownership and Shareholding Structure of Mega Freight Movers?
In 2023, Mega Freight Movers had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Tci Hi-Ways Private LimitedRitesh Jalan is a mutual person
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Mega Pack And Carry Private LimitedNitin Mahipal and Ankita Mahipal are mutual person
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Pratham Logistics Private LimitedRitesh Jalan is a mutual person
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Dart Enterprises LlpNitin Mahipal and Ritesh Jalan are mutual person
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Bombay Parivahan Terminal Limited
Nitin Mahipal is a mutual person
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M B Freight Movers Pvt Ltd
Nitin Mahipal and Ankita Mahipal are mutual person
Charges (Loans)
₹39.93 Cr
₹7.73 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 39.00 Cr
- Ge Capital Transportation Financial Services Ltd : 0.52 Cr
- Ge Capital Transporation Finance Serviced Ltd : 0.34 Cr
- Sundaram Finance Ltd : 0.07 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Jan 2024 | Hdfc Bank Limited | ₹16.00 Cr | Open |
| 06 Dec 2017 | Hdfc Bank Limited | ₹7.00 Cr | Open |
| 16 Nov 2009 | Hdfc Bank Limited | ₹16.00 Cr | Open |
| 31 Jul 2007 | Ge Capital Transportation Financial Services Ltd | ₹5.20 M | Open |
| 09 Nov 2001 | Ge Capital Transporation Finance Serviced Ltd | ₹3.38 M | Open |
How Many Employees Work at Mega Freight Movers?
Mega Freight Movers has a workforce of 128 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 Mega Freight Movers, 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 Mega Freight Movers'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.
