COMPANY INTELLIGENCE PROFILE
Smart Ship Innovative Solutions Private Limited
Operates in integrated logistics and supply-chain solutions under the brand "Logicarts" (official site: logicarts.in, tagline "Always On Time").
Smart Ship Innovative Solutions Private Limited, operating under the brand Logicarts, provides integrated logistics and supply-chain solutions. Founded on 10 May 2019, the company specializes in trucking and logistics with services spanning first mile, mid mile, and last mile deliveries, as well as warehousing. Recognized as a DPIIT startup, it has approximately 149 employees. For FY2023, the company reported a revenue of ₹84.02 crore, with open charges totaling ₹16.98 crore.
AI-generated, may contain errors.
Business Overview
- Operates in integrated logistics and supply-chain solutions under the brand "Logicarts", official site: logicarts.in, tagline "Always On Time".
- Per the official site's own description: an online marketplace/service platform for trucking and logistics offering First Mile pickup (from sellers), Mid Mile, mother-hub to distribution centre / in-store movements, Last Mile, DC to customer / DC to retail store, Part Loads, 2,000+ pin codes, 70% next-day deliverables, and Warehousing, end-to-end warehousing/fulfilment.
- Recognized as a DPIIT startup, thecompanycheck.
- EPFO-reported employee count ~149, thecompanycheck, single source, unconfirmed.
Sector & Classification
Supporting and auxiliary transport activities; activities of travel agencies; other road transport services of freight; land transport via road (Tofler NIC description) — consistent with thecompanycheck's description of "integrated logistics and supply chain solutions," operating under the brand "Logicarts."
Directors & Key Management
Board membership shows turnover over time across the two source snapshots: - Yanamala Gangadhar Reddy — Director since incorporation (10 May 2019); DIN 08184650 (Tofler, current as of its snapshot); also named as company's Authorised Signatory in a 2026 Madras High Court filing (Indian Kanoon) — corroborates identity. - Varalakshmi — Director; DIN 08448846 (Tofler snapshot — may be an earlier-tenure director; not listed in thecompanycheck's "current" board, suggesting possible exit/rotation). - Maddula Durga Sushma — Director since 22 Mar 2025 (thecompanycheck); DIN not obtained. - Sourav Mishra — Whole-Time Director since 24 Sep 2025 (thecompanycheck); DIN not obtained. Confidence: partial — DINs only confirmed for the two earliest-tenure directors via a single source (Tofler); the two most recent directors' DINs are "not obtained" (falconebiz, the recommended best DIN source, could not be reached — only returned its homepage, not a company-specific profile).
GST Registrations
Not obtained. Primary GSTIN, home state, and registration count could not be confirmed from any accessible source in this session — knowyourgst.com and findgst.in individual GSTIN/PAN lookup pages returned 404 or no data for PAN ABCCS0407R, and thecompanycheck.com gates its GST compliance section behind premium/paid access. PAN (ABCCS0407R) is confirmed via Tofler; home state is inferable as Karnataka (registered address/RoC) but the actual GSTIN string is not confirmed — do not infer/fabricate.
Financials
Smart Ship Innovative Solutions Private Limited reported revenue of ₹84.02 Cr in FY2023, reflecting a 40% year-over-year growth. The company has total borrowings of ₹16.98 Cr across Axis Bank, HDFC Bank, and other lenders, with additional closed charges of ₹2.8 Cr.
AI-generated, may contain errors.
| Latest available, per thecompanycheck.com, single source, standalone basis implied, FY not fully specified but tagged "FY2023", balance sheet date 31 Mar 2024 also referenced elsewhere on the same page — some internal inconsistency in the source: | |
| Revenue | ₹84.02 Cr (up ~40% YoY) |
| EBITDA | not obtained, gated behind premium access |
| PAT | not obtained, gated behind premium access |
| Net worth | not obtained |
| Borrowings/charges | ₹16.98 Cr total open charges, Axis Bank Ltd ₹11.00 Cr, HDFC Bank Ltd ₹0.48 Cr, Others ₹5.50 Cr |
| ₹2.8 Cr in satisfied/closed charges | |
| Latest charge registered | 23 Dec 2024, ₹2 Cr, "Others" lender |
| Confidence | partial, single source, some figures gated/paywalled, minor date inconsistency between "FY2023" label and "31 Mar 2024" balance sheet date noted on the same page. |
Funding History
- Not obtained.
- No investor names, funding round names/amounts, or valuation figures were found in any accessible source in this session.
- Tracxn, the permitted source for round names only, was not reachable/searched successfully in this session, web search budget was exhausted.
- Company is flagged as a DPIIT-recognized startup but no VC/PE funding history was located.
Loans & Charges
| Charge holder | Amount | Details |
|---|---|---|
| Axis Bank Limited | ₹11.00 Cr | HDFC Bank Limited ₹0 |
| Most recent charge | ₹2 Cr | registered 23 Dec 2024 with an "Others" category lender |
- Satisfied/closed charges: ₹2.8 Cr.
- Source: thecompanycheck.com, single source; not cross-verified against MCA charge index per source-restriction rules.
Credit Ratings
- Not obtained — no CRISIL/ICRA/CARE rating found in any accessible source
- Thecompanycheck.com explicitly gates this data behind premium access, and no rating agency press release was located.
Legal & Compliance
- One case located on Indian Kanoon: "TVS Credit Services Limited vs Smart Ship Innovative Solutions Pvt Ltd," Madras High Court, Arb. Appln. No. 1421 of 2026, dated 14 July 2026 — an arbitration application
- The company is named as respondent, represented by "Authorised Signatory Mr. Y. Gangadhar Reddy", matching the confirmed director name, corroborating entity identity. No other litigation found, single-source search, Indian Kanoon only.
Competitive Landscape
- Named peers in the trucking-marketplace / part-load & full-truck-load logistics space, rough scale tags, not sourced from a single comparison page — general market knowledge, treat as indicative only:
- BlackBuck, Zinka Logistics, — large-scale, market leader in truck marketplace, listed (NSE: BLACKBUCK)
- Rivigo — large-scale, well-funded FTL/relay trucking network
- Delhivery — much larger, listed, full-stack logistics/express + PTL
- Porter (Kuvi Systems) — large-scale intra-city/FTL marketplace, well-funded unicorn
- LetsTransport — mid-scale, similar FTL/PTL marketplace model
- TCI, Transport Corporation of India, — larger, established traditional logistics/PTL player
- Confidence: partial — sector-level competitor identification, not sourced from a dedicated competitor-comparison page; scale tags are approximate/rough.
Frequently Asked Questions
What does Smart Ship Innovative Solutions Private Limited do?
Smart Ship Innovative Solutions Private Limited operates in integrated logistics and supply-chain solutions under the brand 'Logicarts.' The company offers an online marketplace for trucking and logistics including First Mile pickup, Mid Mile, Last Mile, Part Loads, and Warehousing services.
When was Smart Ship Innovative Solutions Private Limited incorporated?
Smart Ship Innovative Solutions Private Limited was incorporated on 10 May 2019.
What is the CIN of Smart Ship Innovative Solutions Private Limited?
The CIN of Smart Ship Innovative Solutions Private Limited is U63030KA2019PTC124222.
What is the registered office address of Smart Ship Innovative Solutions Private Limited?
The registered office address of Smart Ship Innovative Solutions Private Limited is 91 Springboard Business Hub, No. 512/10, Service Lane, Outer Ring Road, Mahadevapura, Bangalore, Karnataka, 560048.
Sources
Tofler (tofler.in) — CIN/name/status/incorporation/RoC/address/PAN/capital(older)/2 directors+DINs. thecompanycheck.com — business overview/brand(Logicarts)/DPIIT status/capital(newer)/financials(FY2023 revenue)/charges/related-party director-overlaps/current board(3 members). Official site logicarts.in — domain, tagline, business description (first/mid/last mile, part loads, warehousing), confirms "Logicarts" brand identity. Indian Kanoon (indiankanoon.org) — one litigation record (TVS Credit Services Ltd vs Smart Ship Innovative Solutions Pvt Ltd, Madras HC, Arb Appln 1421/2026) corroborating director Y. Gangadhar Reddy as authorised signatory. Falconebiz, knowyourgst.com, findgst.in, mastersindia.co — attempted for DINs/GSTIN but returned only generic homepages or 404s, no company-specific data retrieved. WebSearch — budget exhausted mid-task (200/200 used), limiting cross-verification of funding/competitors/ratings.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.