About Alsina Formwork (India) Private Limited
Data last updated:
Alsina Formwork (India) Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of Encofrados J Alsina Sa. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 23 July 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45400MH2014FTC256334. Its GSTIN is 27AAMCA7739F1ZC (Maharashtra). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹180 Cr and a paid-up capital of ₹124.5 Cr. It is led by directors including Lalit Shantaram Pandav and Jose Oliva Alsina.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 202 2nd Floor Neelkanth Business Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹149.66 Cr, a growth of 60% compared to the previous year. For the same year it recorded a net profit of ₹9.39 Cr (net margin 6.3%) and EBITDA of ₹30.88 Cr (EBITDA margin 20.6%). Revenue has grown at a compounded annual rate (CAGR) of 61% over three years and 30% over five years.
The company has about 39 employees on its provident fund (EPFO) records.
Court records list 28 cases involving the company, including 26 filed by the company and 2 filed against it; 7 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website alsina.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressC – 202 2nd Floor Neelkanth Business Park Next To Vidhyavihar Railway Station Vidhyavi, Har West, Mumbai, Maharashtra, India – 400086
- IndustryInfrastructure and Utilities, General Construction Services
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Alsina Formwork (India) Private Limited
The main business activities of Alsina Formwork (India) are trade and support service to organizations. In detail, this covers wholesale trading and rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Alsina Formwork (India) Private Limited FY 2025 filings available
Alsina Formwork (India) Private Limited reported revenue of ₹149.66 Cr (up 60% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Alsina Formwork (India) Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 30% over five years, including 60% growth in the latest year. EBITDA rose 116% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Alsina Formwork (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹30.88 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.39 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Alsina Formwork (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.3% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Alsina Formwork (India) are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Alsina Formwork (India) Private Limited
Alsina Formwork (India) Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Construction Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dhorajia Constructions Private Limited | ₹151.14 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Ahmedabad, Gujarat, India |
| P S Infracorp Private Limited | ₹151.02 Cr (FY 2025) | •••• | •••• | •••• | Delhi, India | |
| Civtect India Pvt Ltd | ₹150.77 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Kolkata, West Bengal, India |
| Hardev Construction Pvt Ltd | ₹150.49 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | Kolkata, West Bengal, India |
| Cochin Smart Mission Limited | ₹150.01 Cr (FY 2024) | •••• | •••• | 35.0% | •••• | Kochi, Kerala, India |
| Alsina Formwork (India) Private Limited this company | ₹149.66 Cr (FY 2025) | •••• | •••• | 60.0% | •••• | Mumbai, Maharashtra, India |
| Maitri Interior Projects Private Limited | ₹149.55 Cr (FY 2025) | •••• | •••• | 64.0% | •••• | Ahmedabad, Gujarat, India |
| R.R. Constructions and Infrastructure India Private Limited | ₹148.73 Cr (FY 2025) | •••• | •••• | -37.0% | •••• | Chennai, Tamil Nadu, India |
| True Wall Specialities Private Limited | ₹148.63 Cr (FY 2025) | •••• | •••• | 96.0% | •••• | Mumbai, Maharashtra, India |
| MRC Infracon Limited | ₹148.37 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Dasuya, Punjab, India |
| Elite Engineering & Construction (Hyd) Private Limited | ₹148.3 Cr (FY 2024) | •••• | •••• | -6.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Alsina Formwork (India) by revenue in the Infrastructure industry (Construction Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Alsina Formwork (India) Private Limited
Alsina Formwork (India) Private Limited is audited by R. K. Khanna & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R. K. Khanna & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Alsina Formwork (India) Private Limited
Alsina Formwork (India) has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lalit Shantaram Pandav | Director | 24 Nov 2023 | 2 Years 10 Months | Current |
| Jose Oliva Alsina | Director | 19 Aug 2014 | 12 Years 1 Months | Current |
| Jaime Casalduero Alsina | Director | 23 Jul 2014 | 12 Years 2 Months | Current |
Ownership and Shareholding of Alsina Formwork (India) Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Alsina Formwork (India) Private Limited
Alsina Formwork (India) Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Alsina Formwork (India) Private Limited
Alsina Formwork (India) Private Limited has 28 court cases on record: 26 filed by Alsina Formwork (India), 2 filed against it. 7 cases are pending and 21 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 0 | 6 |
| High courts | 8 | 2 | 1 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Kumkum Buildcon Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMONS FOR JUDGT) | Filed by the company against Vijay Nirman Company Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Kumkum Buildcon Private Limited | Pending |
| Bombay High Court | Court case (CRR) | Filed by the company against Kumkum Buildcon Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Vijay Nirman Company Private Limited | Pending |
Full case history
All 28 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays by Alsina Formwork (India) Private Limited
Alsina Formwork (India) Private Limited has 5 MSME Form 1 returns on record between 2019 and 2021, listing 23 overdue payments to 14 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ganesh Expotrade Private Limited | •••• | •••• | •••• |
| Eastman Impex | •••• | •••• | •••• |
| Eastman Exports Private Limited | •••• | •••• | •••• |
| Obox HR Solutions Private Limited | •••• | •••• | •••• |
| Auto Mech (India) Pvt. Ltd | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 5 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Alsina Formwork (India) Private Limited
Alsina Formwork (India) Private Limited has a workforce of 39 employees as of Apr 09, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Alsina Formwork (India) Private Limited
Alsina Formwork (India) Private Limited has 8 board changes on record since 2014: 3 appointments and 5 cessations. The latest: Lalit Shantaram Pandav ceased to be Additional Director on 23 Jun 2024.
Credit Ratings, Litigation & Regulatory Alerts for Alsina Formwork (India) Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Alsina Formwork (India) Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Alsina Formwork (India) Private Limited
Alsina Formwork (India) has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCA7739F1ZC | Maharashtra | Active | 01 Jul 2017 |
| 27AAMCA7739F2ZB | Maharashtra | Active | 09 Jun 2025 |
| 29AAMCA7739F1Z8 | Karnataka | Active | 06 Dec 2022 |
| 36AAMCA7739F1ZD | Telangana | Active | 28 Nov 2024 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Alsina Formwork (India) Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Alsina Formwork (India) Private Limited
Alsina Formwork (India) is an active foreign private limited company based in Mumbai, Maharashtra, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 23 July 2014 (12+ years old) and is registered under CIN U45400MH2014FTC256334.
Alsina Formwork (India) reported revenue of ₹149.66 Cr for FY 2025 (up 60% YoY).
Alsina Formwork (India) has 3 current directors:
- Lalit Shantaram Pandav - Director
- Jose Oliva Alsina - Director
- Jaime Casalduero Alsina - Director
Alsina Formwork (India) reported a net profit of ₹9.39 Cr (net margin 6.3%) and EBITDA of ₹30.88 Cr (EBITDA margin 20.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Alsina Formwork (India) is 61% over three years and 30% over five years. In the latest year (FY 2025) revenue rose 60%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Alsina Formwork (India) is 27AAMCA7739F1ZC, registered in Maharashtra. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 27AAMCA7739F2ZB (Maharashtra), 29AAMCA7739F1Z8 (Karnataka), 36AAMCA7739F1ZD (Telangana).
The CIN (Corporate Identification Number) of Alsina Formwork (India) is U45400MH2014FTC256334. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Alsina Formwork (India) has 28 court cases on record: 26 filed by the company and 2 filed against it. 7 are pending. Most are in the district courts.
Alsina Formwork (India) was incorporated on 23 July 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Alsina Formwork (India) by revenue are Dhorajia Constructions Private Limited, P S Infracorp Private Limited, Civtect India Pvt Ltd, Hardev Construction Pvt Ltd, Cochin Smart Mission Limited and 5 more, all in the Infrastructure industry (Construction Services).
Lalit Shantaram Pandav ceased to be Additional Director on 23 Jun 2024. Nitin Narotamdas Goel ceased to be Director on 23 Dec 2023. Lalit Shantaram Pandav was appointed as Director on 24 Nov 2023. Alsina Formwork (India) has 8 board changes on record in total.
Alsina Formwork (India) has 5 MSME Form 1 returns on record between 2019 and 2021, listing 23 overdue payments to 14 micro and small suppliers. The latest return was filed on 28 Oct 2021.