Sadhav Shipping Ltd - Stock Valuation and Financial Performance

Sadhav Shipping Limited was originally formed and registered as a Private Limited under the Companies Act, 1956 (Companies Act) in the name and style of ‘Homa Offshore & Shipping Company Private Limited’, pursuant to a Certificate of Incorporation dated August 16, 1996 issued by Registrar of Companies, Mumbai, Maharashtra. Later on, the company changed its name from ‘Homa Offshore & Shipping Company Private Limited’ to ‘Sadhav Shipping Company Private Limited’ and Certificate of Incorporation was issued on March 31, 1999, issued by Registrar of Companies, Mumbai, Maharashtra. The company was converted into a Public Limited Company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of the company held on March 11, 2006 and the name of the Company was changed to ‘Sadhav Shipping Company Limited’. A fresh Certificate of Incorporation consequent upon Conversion from Private Limited Company to Public Limited Company dated March 21, 2006. Later on, the name of the Company was changed from ‘Sadhav Shipping Company Limited’ to ‘Sadhav Shipping Limited’ and fresh certificate of incorporation was issued by the Registrar of Companies, Mumbai, Maharashtra dated March 28, 2006.

Sadhav Shipping (SSL) is Mumbai based company incorporated in year 1996 with an objective to own and operate marine assets to service ports, coastal logistics and other port maritime related services. The company was incorporated by Kamal Kant Biswanath Choudhury an alumnus of T.S. Dufferin and Master Mariner. He is also an alumni of NMIMS and a Gold Medallist Fellow of Narottam Morarjee Institute of Shipping. He worked with the Directorate General of Shipping (India) and ONGC prior to founding the Sadhav Shipping. Under the leadership of Choudhury, the company has grown its business over the years and expanded its services in different sectors of shipping and coastal logistics. The company has developed strong customer base in the sector and is providing its services to leading companies which includes ONGC, Mumbai Port Authority, Pradip Port Authority, Bhabha Atomic Research Centre, Shipping Corporation of India, New Mangalore Port Authority, Deendayal Port Authority (Kandla/Vadinar), Jawaharlal Nehru Port Authority (JNPA), BPCL, Gujarat Police, JSW Ports and more.

With modern Dynamic Positioning offshore fleet and dedicated on board and a shore crew the company is committed to provide best in class services to its clients. The company was the first to setup and operate India’s first Port based Tier 1 Oil Spill Response Facility Centre in Mumbai and are now operating in most of the Major Ports in India. With a sailing team of more than 200 officers and crew coupled with effective and experienced shore management; it is witnessing sustainable growth year on year. It operates & manages Port crafts and also provides high speed security boats for patrolling services, which constitute its Port Services operations.

Business area of the company

Sadhav Shipping is Mumbai based company incorporated in year 1996 with an objective to own and operate marine assets to service ports, coastal logistics and other port maritime related services. The company is engaged in the business Offshore Logistics, Port Services and Oil Spill Response.