Polestar Maritime Limited

Marine shipping services, port operations, project and salvage assistance, and partnerships with Gujarat ports.

2000 | Mumbai, Maharashtra (India) | Active
Last Updated:

Polestar Maritime Profile

Key Indicators

  • Authorised Capital ₹ 45.00 Cr
  • Paid Up Capital ₹ 2.52 Cr
  • Company Age 24 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 209.69 Cr
  • Satisfied Charges ₹ 79.00 Cr
  • Revenue Growth -0.62%
  • Profit Growth -10.64%
  • Ebitda -0.04%
  • Net Worth 5.08%
  • Total Assets -1.35%

About Polestar Maritime

Polestar Maritime Limited (PML) is a leading Public Limited Indian Non-Government Company incorporated in India on 08 November 2000 and has a history of 24 years and five months. Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Logistic Projects (India) 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 45.00 Cr and a paid-up capital of Rs 2.52 Cr.

The company currently has active open charges totaling ₹209.69 Cr. The company has closed loans amounting to ₹79.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

Bhagwandas Parekh, Suryakant Parekh, Saahil Dugar, and Four other members 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

    U63032MH2000PLC129516

  • Company No.

    129516

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    08 Nov 2000

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Transport and Logistics

What products or services does Polestar Maritime Limited offer?

Polestar Maritime Limited offers a wide range of products and services, including Forwarding & Custom Clearing, Marine Service.

Company report

Polestar Maritime Limited

Explore comprehensive data for Polestar Maritime Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Polestar Maritime?

Board Members (7)

NameDesignationAppointment DateStatus
Bhagwandas Parekh Country flag representing In Director 01-Oct-2013Current
Suryakant Parekh Country flag representing In Director 13-Dec-2005Current
Saahil Dugar Country flag representing In Director 25-Mar-2016Current
Sharan Kuruwa Country flag representing In Director 25-Mar-2016Current
Juhi Parekh Country flag representing In Director 30-Sep-2022Current
Vinit Badani Country flag representing In Director 30-Sep-2022Current

Financial Performance of Polestar Maritime.

Polestar Maritime Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 0.62% decrease. The company also saw a substantial fall in profitability, with a 10.64% decrease in profit. The company's net worth moved up by a moderate rise of 5.08%.

Polestar Maritime revenue growth over time
Polestar Maritime 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
-0.62%
Revenue from Operations
-0.29%
Total Assets
-1.35%
Profit or Loss
-10.64%
Net Worth
5.08%
EBITDA
-0.04%

What is the Ownership and Shareholding Structure of Polestar Maritime?

In 2023, Polestar Maritime had a promoter holding of 98.41% and a public holding of 1.59%. 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

₹209.69 Cr

Satisfied Charges

₹79.00 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 130.69 Cr
  • Hdfc Bank Limited : 79.00 Cr

Latest Charge Details

DateLenderAmountStatus
30 Sep 2022Hdfc Bank Limited₹25.00 CrOpen
28 Dec 2018Hdfc Bank Limited₹54.00 CrOpen
05 Mar 2012State Bank Of India₹130.69 CrOpen
21 Sep 2020Hdfc Bank Limited₹23.00 CrSatisfied
24 Apr 2018Hdfc Bank Limited₹23.50 CrSatisfied

How Many Employees Work at Polestar Maritime?

Polestar Maritime has a workforce of 120 employees as of Apr 09, 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 Polestar Maritime Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Polestar Maritime, 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 Polestar Maritime'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 Polestar Maritime

Recent activity within the organization

  • Annual General Meeting

    Polestar Maritime Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Charges

    A charge registered on 21 Sep 2020 via Charge ID 100377405 with Hdfc Bank Limited was fully satisfied on 23 Sep 2024.

  • Balance Sheet

    Polestar Maritime Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Charges

    A charge registered on 24 Apr 2018 via Charge ID 100175704 with Hdfc Bank Limited was fully satisfied on 26 Feb 2024.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 25.00 Cr with Charge ID 100626366 was registered on 30 Sep 2022.

  • Director Appointment

    Juhi Suryakant Parekh was appointed as a Director was appointed as a Director on 30 Sep 2022 & has been associated with this company since 2 years 6 months .

Frequently asked questions

  • What is the Incorporation or founding date of Polestar Maritime Limited?

    Polestar Maritime Limited was incorporated on 08 Nov 2000.

  • What is authorized share capital and paid-up capital of Polestar Maritime Limited?

    The authorized share capital of Polestar Maritime Limited is ₹ 45.00 Cr and paid-up capital is ₹ 2.52 Cr.

  • Who are the current board members & directors of Polestar Maritime Limited?

    Currently 7 directors are associated with Polestar Maritime Limited.

    • Bhagwandas Mulji Parekh
    • Suryakant Mulji Parekh
    • Saahil Prakash Dugar
    • Sharan Ravi Kuruwa
    • Juhi Suryakant Parekh
    • Vinit Ashok Badani
    • Anirudh Dhirajlal Bhammar

  • What is the registered address of Polestar Maritime Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Polestar Maritime Limited is 109 10Th Floor Bajaj Bhawan, Nariman Point India, Mumbai, Maharashtra, 400021.

  • What is the corporate identification number (CIN) and company number of Polestar Maritime Limited?

    The corporate identification number (CIN) of Polestar Maritime Limited is U63032MH2000PLC129516 and the company number is 129516 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Polestar Maritime Limited?

    The Official website of Polestar Maritime Limited is https://www.polestarmaritime.com

  • What has been the recent revenue trend for Polestar Maritime Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Polestar Maritime Limited has fallen by -0.62%.

  • How many employees does Polestar Maritime Limited currently have?

    As Per 2023 financial reports, 120 employees are currently employed by Polestar Maritime Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Polestar Maritime Limited has experienced an upsurge of 5.08%.

  • What are the total open charges for Polestar Maritime Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Polestar Maritime Limited amount to ₹ 209.69 Cr.

  • When was the last Balance Sheet of Polestar Maritime Limited filed with the ROC?

    The most recent Balance Sheet for Polestar Maritime Limited was filed with the ROC on 31 Mar 2024.

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