Overnite Express Profile
Key Indicators
- Authorised Capital ₹ 4.00 Cr
- Paid Up Capital ₹ 4.23 M
- Company Age 38 Year, 3 Months
- Last Filing with ROC 31 Mar 2018
- Open Charges ₹ 44.26 Cr
- Satisfied Charges ₹ 1.48 Cr
- Revenue Growth 2.45%
- Profit Growth 907.96%
- Ebitda 68.85%
- Net Worth 8.31%
- Total Assets 5.65%
About Overnite Express
Overnite Express Limited (OEL) is Under Liquidation company established on 27 Nov 1986 with its office registered at Central Delhi, Delhi, India and has been running since 38 Year, 3 Months with a paid up capital of 4.23 M. According to MCA records, 3 Directors are linked to this company as of 23 Apr 2024.
Company Details
- Location
Central Delhi, Delhi, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U64120DL1986PLC026209
- Company No.
026209
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
27 Nov 1986
- Date of AGM
29 Sep 2018
- Date of Balance Sheet
31 Mar 2018
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Transport and Logistics
What products or services does Overnite Express Limited offer?
Overnite Express Limited offers a wide range of products and services, including Transport Agents & Bulk Carriers, Courier Service.
Who are the key members and board of directors at Overnite Express?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Om Rajgarhia  | Managing Director | 13-Dec-2002 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Harsh Rajgarhia | Whole-Time Director | 07-Jan-2011 | Current |
| Anita Rajgarhia | Whole-Time Director | 07-Jan-2010 | Current |
Financial Performance of Overnite Express.
Overnite Express Limited, for the financial year ended 2018, experienced modest growth in revenue, with a 2.45% increase. The company also saw a substantial improvement in profitability, with a 907.96% increase in profit. The company's net worth moved up by a moderate rise of 8.31%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Overnite Express?
In 2018, Overnite Express had a promoter holding of 99.88% and a public holding of 0.12%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Anita Lifestyle Udyog LlpHarsh Rajgarhia and Anita Rajgarhia are mutual person
- Overnite Business Support Services Private Limited
Anita Rajgarhia and Om Rajgarhia are mutual person
- Annadeep Health Services Private Limited
Om Rajgarhia is a mutual person
Charges (Loans)
Open Charges
₹44.26 Cr
Satisfied Charges
₹1.48 Cr
Charges Breakdown by Lending Institutions
- Deutsche Bank Ag : 18.80 Cr
- Standard Chartered Bank : 10.96 Cr
- Yes Bank Limited : 9.50 Cr
- Tata Capital Financial Services Limited : 5.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 May 2019 | Tata Capital Financial Services Limited | ₹5.00 Cr | Open |
| 30 Nov 2018 | Deutsche Bank Ag | ₹6.00 Cr | Open |
| 30 Nov 2018 | Deutsche Bank Ag | ₹12.80 Cr | Open |
| 30 Mar 2010 | Yes Bank Limited | ₹9.50 Cr | Open |
| 19 Dec 2009 | Standard Chartered Bank | ₹10.96 Cr | Open |
How Many Employees Work at Overnite Express?
Overnite Express has a workforce of 60 employees as of Apr 10, 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 Overnite Express, 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 Overnite Express'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 Overnite Express
Recent activity within the organization
- Charges
A charge with Tata Capital Financial Services Limited amounted to Rs. 5.00 Cr with Charge ID 100276752 was registered on 31 May 2019.
- Charges
A charge with Deutsche Bank Ag amounted to Rs. 6.00 Cr with Charge ID 100244191 was registered on 30 Nov 2018.
- Charges
A charge with Deutsche Bank Ag amounted to Rs. 12.80 Cr with Charge ID 100245740 was registered on 30 Nov 2018.
- Annual General Meeting
Overnite Express Limited last Annual general meeting of members was held on 29 Sep 2018 as per latest MCA records.
- Balance Sheet
Overnite Express Limited has filed its annual Financial statements for the year ended 31 Mar 2018 with Roc Delhi.
- Charges
A charge registered on 15 Jun 2012 via Charge ID 10369449 with Hdfc Bank Limited was fully satisfied on 15 Jun 2015.
Recent News, Updates & Announcement
NCLT orders liquidation of Overnite Express.The NCLT stated that the resolution plan was submitted under the assumption that the company is classified as a micro, small, and medium enterprise (MSME), but determined that the promoters of the company are barred from submitting a resolution plan under the Insolvency and Bankruptcy Code (IBC). The NCLT also criticized the resolution professional for obtaining an MSME certificate to allow the entry of the defaulting promoters into the company..
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Frequently asked questions
What is the Incorporation or founding date of Overnite Express Limited?
Overnite Express Limited was incorporated on 27 Nov 1986.
What is authorized share capital and paid-up capital of Overnite Express Limited?
The authorized share capital of Overnite Express Limited is ₹ 4.00 Cr and paid-up capital is ₹ 4.23 M.
Who are the current board members & directors of Overnite Express Limited?
Currently 3 directors are associated with Overnite Express Limited.
- Harsh Vardhan Rajgarhia
- Anita Rajgarhia
- Om Prakash Rajgarhia
What is the registered address of Overnite Express Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Overnite Express Limited is Overnite House11099- C, East Park Road, New Delhi, India, 110005.
What is the corporate identification number (CIN) and company number of Overnite Express Limited?
The corporate identification number (CIN) of Overnite Express Limited is U64120DL1986PLC026209 and the company number is 026209 as per Ministry of Corporate Affairs (MCA).
What is the official website of Overnite Express Limited?
The Official website of Overnite Express Limited is https://www.overnitenet.com
What has been the recent revenue trend for Overnite Express Limited?
According to the financial reports for the fiscal year 2018, the revenue trend for Overnite Express Limited has risen by 2.45%.
How many employees does Overnite Express Limited currently have?
As Per 2018 financial reports, 60 employees are currently employed by Overnite Express Limited.
What change has been observed in the net worth of Overnite Express Limited, and by what percentage?
The financial reports for the fiscal year 2018 indicates that The net worth of Overnite Express Limited has experienced an upsurge of 8.31%.
What are the total open charges for Overnite Express Limited?
As per the financial statements for fiscal Year 2018, The total open charges for Overnite Express Limited amount to ₹ 44.26 Cr.
When was the last Balance Sheet of Overnite Express Limited filed with the ROC?
The most recent Balance Sheet for Overnite Express Limited was filed with the ROC on 31 Mar 2018.
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