Promoter holding
64.27%
ES
Essar Shipping Limited. - Due diligence report
A 360° intelligence report on Essar Shipping: trust score, financial health, credit view, compliance, directors, growth and distress signals…
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Essar Shipping — 360° Intelligence Report
Generated from MCA filings & public records51/100
Trust Score
Moderate
Essar Shipping is assessed as Moderate with a Trust Score of 51/100. Essar Shipping is an active public limited indian non-government company incorporated in 2010, operating in the Transport and Logistics sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and moderate financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Essar Shipping Limited. snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreModerate
51/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
30/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
50/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
65/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
40/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
60/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 65/100 Moderate
- Profitable - internal accruals available.
Charges position: 10 open (2,475.20 cr) · 13 satisfied (1,659.26 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Loans And Agency Uk And Europe | 1 | 48.0 cr |
| Others | 3 | 48.0 cr |
| State Bank Of India | 3 | 48.0 cr |
| Yes Bank Limited | 3 | 48.0 cr |
| Srei Infrastructure Finance Limited | 4 | 48.0 cr |
| Idbi Bank Limited | 1 | 48.0 cr |
Compliance Score: 30/100 Caution Indicated
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Flagged by authority: DSE, CDSL, NCLT.
- Litigation present in 5 court forum(s).
- Delayed payments to MSME suppliers disclosed (37 disclosure(s)).
- 1 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 40/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RACHANA HEMANT TREVEDI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUNIL BHARGAV MODAK | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJESH DHIRUBHAI DESAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIPIN JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAICHEL MATHEW | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JAYAKUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SURESH RAMAMIRTHAM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIPIN JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KETAN SHAH KANTIBHAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Bharat Modi | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 10 directors on the board.
- SUNIL BHARGAV MODAK has DIN status "Deactivated".
- 3 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2020)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2025 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Essar Shipping Mauritius Holdings Limited
Subsidiaries
2
Group entities
3
Capital events
4 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Essar Oilfields Middle East Dmcc | Subsidiary Company | 74.00% |
| Essar Oilfields Services Limited | Subsidiary Company | 74.00% |
| Essar Shipping Dmcc | Subsidiary Company | 74.00% |
| Starbit Oilfields Services India Limited | Subsidiary Company | 74.00% |
| Ogd Services Limited | Subsidiary Company | 74.00% |
| Energy Ii Limited | Subsidiary Company | 74.00% |
| Essar Shipping Mauritius Holdings Limited | Holding Company | 74.00% |
| Arkay Logistics Limited | Associate Company | 74.00% |
| Varada Drilling One Pte Limited | Associate Company | 74.00% |
| Varada Drilling Two Pte Limited | Associate Company | 74.00% |
Key managerial personnel: VIPIN JAIN (CFO) · VIPIN JAIN (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 70 · Distress 60
Growth signals & trust indicators
Latest year revenue grew 38%.
Profit expanded 1.42 year-on-year.
Asset base grew 2.1x - capacity expansion.
Net margin improved to 24%.
Operating for 16+ years.
Active GST registration(s).
Distress signals & risk flags
Negative net worth.
3 director exits within 2 years.
Compliance score is weak (30/100).
10 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 16.96 Lakh.
5 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence45/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment52/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 10 open charge(s) of 2,475.20 cr already registered.
- Compliance gaps should be priced into terms.
Investor view58/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 4 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events13 Nov 2025
Charge satisfied
Yes Bank Limited
26 Sep 2025
Director appointed
KETAN SHAH KANTIBHAI (Director)
21 Jul 2025
Director ceased
SRINIVASAN VAIDYANATHAN
29 Apr 2025
Director appointed
Bharat Modi (Company Secretary)
31 Mar 2025
Director ceased
RACHANA HEMANT TREVEDI
30 Sep 2024
Last AGM held
Annual general meeting
22 Jul 2024
Director ceased
VIPIN JAIN
19 Jun 2024
Director appointed
VIPIN JAIN (CFO)
28 May 2024
Director appointed
VIPIN JAIN (Whole-time director)
02 May 2024
Director appointed
RACHANA HEMANT TREVEDI (Company Secretary)
31 Mar 2024
Latest balance sheet
Filed with ROC
18 Dec 2023
Charge created
Others - 320.00 cr
23 Oct 2023
Charge satisfied
Yes Bank Limited
31 May 2023
Charge created
Others - 306.00 cr
30 Sep 2022
Director ceased
KETAN SHAH KANTIBHAI
10
Key Observations
Auto-generated from the data aboveRevenue declined 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
10 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 4 security allotment(s) - amounts available in the full report.
13 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Omega Shipping Agencies Private Limited | U63012MH2000PTC127862 | Mumbai, Maharashtra, India |
| Navio Shipping Private Limited | U61100MH2014PTC287146 | Thane, Maharashtra, India |
| Tolani Shipping Company Limited | U61100MH1974PLC017161 | Mumbai, Maharashtra, India |
| Transworld Integrated Logistek Private Limited | U74900MH2015FTC269543 | Navi Mumbai, Maharashtra, India |
| Mahi Marine Private Limited | U61100MH2019PTC330402 | Navi Mumbai, Maharashtra, India |
| Shreyas Shipping Company | L63000MH1988PLC048500 | Navi Mumbai, Maharashtra, India |
| Trans Asian Shipping Services Pvt Ltd | U63090KL1992PTC006824 | Kochi, Kerala, India |
| Seamec | L63032MH1986PLC154910 | Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Essar Shipping before audits and certifications: compliance score 30/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Essar Shipping: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 65/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 70/100, margin trends, ownership structure and peer set for Essar Shipping - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 51/100, distress signals and MSME payment-delay disclosures - know whether Essar Shipping pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (5 case(s) on record), regulatory flags, charge documents trail and director networks for Essar Shipping - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Essar Shipping an active company?
Essar Shipping has MCA status “Active” with a compliance score of 30/100 (Caution Indicated).
Is Essar Shipping financially healthy?
Essar Shipping has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.
Should I do business with Essar Shipping?
Its overall Trust Score is 51/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Essar Shipping?
The ultimate holding entity is Essar Shipping Mauritius Holdings Limited. 10 active director(s) are on record.
Does Essar Shipping have loans or charges against its assets?
10 open charge(s) are registered against its assets, and 13 earlier charge(s) stand satisfied.
Is Essar Shipping up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 30/100 (Caution Indicated).
Is it risky to lend to Essar Shipping?
Its Credit Risk Score is 65/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
