Promoter holding
64.27%
FL
Fairfreight Lines Private Limited - Due diligence report
A 360° intelligence report on Fairfreight Lines Private Limited: trust score, financial health, credit view, compliance, directors, growth a…
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Fairfreight Lines Private Limited — 360° Intelligence Report
Generated from MCA filings & public records85/100
Trust Score
Low Risk
Fairfreight Lines Private Limited is assessed as Low Risk with a Trust Score of 85/100. Fairfreight Lines Private Limited is an active private limited indian non-government company incorporated in 2017, operating in the Transport and Logistics sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and low financial risk profile.
Report generated on 18 Jul 2026 from the latest processed filings. Fairfreight Lines Private 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 ScoreLow Risk
85/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
92/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
85/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 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: 85/100 Low Risk
- No open charges - unencumbered balance sheet.
- Moderate gearing (D/E 38%).
- Profitable - internal accruals available.
- Externally credit-rated (A-).
Charges position: 0 open (-) · 0 satisfied (-).
Compliance Score: 92/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Delayed payments to MSME suppliers disclosed (2 disclosure(s)).
- 1 active GST registration(s).
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| PIYUSHKUMAR ASTHANA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Viral Naresh Maru | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAGHAV AGARWALLA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 3 directors on the board.
- No disqualified or deactivated DINs.
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
| 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 2024 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
Saurashtra Freight Private Limited
Subsidiaries
-
Group entities
-
Capital events
2 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Fairfreight Lines Pte Ltd | Subsidiary Company | 74.00% |
| Fairfreight Shipping Lines Llc | Subsidiary Company | 74.00% |
| Saurashtra Freight Private Limited | Holding Company | 74.00% |
Key managerial personnel: PIYUSHKUMAR ASTHANA (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 70 · Distress 75
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Operating for 9 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
MSME payment delays disclosed - latest outstanding 1,624.00.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence85/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment84/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance record supports lending.
Investor view76/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 13 events11 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
06 Mar 2024
Director appointed
Viral Naresh Maru (Company Secretary)
21 Dec 2018
Securities allotted
22501 Equity Shares - 50.00 Lakh raised
20 Dec 2018
Director ceased
SUMIT MAHESHWARI
25 May 2018
Director ceased
AMRUTA ANURAG ADUKIA
13 Feb 2018
Director appointed
PIYUSHKUMAR ASTHANA (Managing Director)
Director ceased
PIYUSHKUMAR ASTHANA
10 Nov 2017
Securities allotted
490000 Equity Shares - 49.00 Lakh raised
27 Oct 2017
Director ceased
SARVJIT SINGH BEDI
04 Aug 2017
Director ceased
NAVIN KUMAR SINHA
16 Jun 2017
Incorporated
Registered with Roc Mumbai
Director appointed
RAGHAV AGARWALLA (Director)
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Key Observations
Auto-generated from the data aboveRevenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A- from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
3 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Round The Clock Logistics Private Limited | U63013MH2006PTC165413 | Mumbai, Maharashtra, India |
| Caravel | U63090TN1994PTC027880 | Tamil Nadu, Tamil Nadu, India |
| Mitsutor Shipping Agency Pvt.Ltd. | U61100MH1993PTC071234 | Mumbai, Maharashtra, India |
| Iffco Kisan Logistics Limited | U74999DL2004PLC124867 | New Delhi, Delhi, India |
| A Hartrodt (India) Private Limited | U63090HR2006PTC047146 | Gurgaon, Haryana, India |
| E-Way Alliance India Private Limited | U63090MH2022PTC385817 | Thane, Maharashtra, India |
| Aiyer Shipping Agency Private Limited | U74990MH2015PTC266149 | Mumbai, Maharashtra, India |
| Hardip Shipping Logistics Private Limited | U35110GJ1997PTC032728 | Kutch, Gujarat, India |
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Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Fairfreight Lines Private Limited before audits and certifications: compliance score 92/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Fairfreight Lines Private Limited: 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: Favourable lending indicators. Credit risk score 85/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 70/100, margin trends, ownership structure and peer set for Fairfreight Lines Private Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 85/100, distress signals and MSME payment-delay disclosures - know whether Fairfreight Lines Private Limited pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Fairfreight Lines Private Limited - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Fairfreight Lines Private Limited an active company?
Fairfreight Lines Private Limited has MCA status “Active” with a compliance score of 92/100 (Low Risk).
Is Fairfreight Lines Private Limited financially healthy?
Fairfreight Lines Private Limited has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.
Should I do business with Fairfreight Lines Private Limited?
Its overall Trust Score is 85/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Fairfreight Lines Private Limited?
The ultimate holding entity is Saurashtra Freight Private Limited. 3 active director(s) are on record.
Does Fairfreight Lines Private Limited have loans or charges against its assets?
No charges are registered against this company - an unencumbered balance sheet.
Is Fairfreight Lines Private Limited up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 92/100 (Low Risk).
Is it risky to lend to Fairfreight Lines Private Limited?
Its Credit Risk Score is 85/100 (Low Risk). Banker verdict: Favourable lending indicators.
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.
