About Adani Rail Infra Private Limited
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Adani Rail Infra Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the materials retail and distribution segment of the metals and mining sector. It was incorporated on 21 July 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U60231GJ2005PTC046473. Its GSTIN is 24AAECM3432H1ZS (Gujarat). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹75 Cr and a paid-up capital of ₹59.14 Cr. It was formerly known as Mundra Shipyard Private Limited and Adani Shipyard Private Limited. It is led by directors Jatin Champaklal Shah (Managing Director) and Deepa Chandraprakash Nair.
Its last annual general meeting (AGM) was held on 24 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2026, the company reported a revenue of ₹6,020.91 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹83.01 Cr (net margin 1.4%) and EBITDA of ₹397.49 Cr (EBITDA margin 6.6%). Revenue has grown at a compounded annual rate (CAGR) of 60% over three years and 31% over five years.
The company is associated with 1 brand: Adani Group. As per MCA filings, the company has open charges of ₹5,000 Cr and satisfied charges of ₹8,807.23 Cr on record. The company has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹2,059.13 Cr; the latest was in November 2020. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 4 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adani.com.
Company details
Name history
Adani Rail Infra has undergone 2 name changes throughout its history. The company was previously known as Mundra Shipyard Private Limited, and Adani Shipyard Private Limited. The current legal name is Adani Rail Infra Private Limited.
| Company Name | Status |
|---|---|
| Adani Rail Infra Private Limited | Current |
| Mundra Shipyard Private Limited | Previous |
| Adani Shipyard Private Limited | Previous |
CIN history
Adani Rail Infra has one previous CIN (Corporate Identification Number): U35110GJ2005PTC046473. The current CIN is U60231GJ2005PTC046473, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U60231GJ2005PTC046473 | Current |
| U35110GJ2005PTC046473 | Previous |
Contact details
Adani Rail Infra Private Limited's registered office is in Ahmedabad, Gujarat. Its website is adani.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAdani Corporate House Shantigram Near Vaishno Devi Circle S.G. Highway, Khodiyar, Ahmedabad, Gujarat, India – 382421
- IndustryMetals and Minerals, Materials Retail & Distribution
To see the full contact details of Adani Rail Infra Private Limited, buy the company report.
- 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
Brands
Adani Rail Infra operates one associated brand: Adani Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified operations are conducted across multiple industries worldwide. | adani.com |
Business activity
The main business activity of Adani Rail Infra is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Adani Rail Infra Private Limited, buy the company report.
Financials of Adani Rail Infra Private Limited
FY 2026 filings availableAdani Rail Infra Private Limited reported revenue of ₹6,020.91 Cr (up 37% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 31% over five years, including 37% growth in the latest year. EBITDA fell 45% 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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹6,020.91 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹397.49 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹83.01 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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.6% | ||||
| Net Profit Margin | 1.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of Adani Rail Infra Private Limited, buy the company report.
Board of directors of Adani Rail Infra Private Limited
Adani Rail Infra has 2 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepa Chandraprakash Nair Also directs: North Maharashtra Power Limited | Director | 04 Feb 2020 | 6 Years 9 Months | Current |
| Jatin Champaklal Shah | Managing Director | 01 Jun 2017 | 9 Years 5 Months | Current |
Auditor
Adani Rail Infra Private Limited is audited by G. K. CHOKSI & CO. for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G. K. CHOKSI & CO. | FY 2026 | 101895W |
Shareholding
The shareholding of Adani Rail Infra Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Adani Rail Infra Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 May 2023 | 100737942 | Others | ₹5,000 Cr | Open | |
| 21 Jul 2023 | 100761817 | Others | ₹721.79 Cr | Satisfied | |
| 27 Aug 2020 | 100363566 | Others | ₹430 Cr | Satisfied | |
| 24 Sep 2019 | 100290995 | Others | ₹398 Cr | Satisfied | |
| 24 Jun 2019 | 100276583 | Others | ₹700 Cr | Satisfied |
To see the full charge records of Adani Rail Infra Private Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Adani Rail Infra Private Limited has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹2,059.13 Cr; the latest was in November 2020.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Funding round | ₹59 Cr | Investors: 2 individuals |
| Jan 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Adani Ports and Special Economic Zone Limited , 3 individuals |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Jun 2009 | Funding round | ₹13 Lakh | Investors: Adani Ports and Special Economic Zone Limited |
To see the full deal history of Adani Rail Infra Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Adani Rail Infra Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Adani Rail Infra Private Limited was last rated by Brickwork on 30 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 30 Nov 2021 |
To see the full credit ratings and regulatory alerts of Adani Rail Infra Private Limited, buy the company report.
MSME payment delays
Adani Rail Infra Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 4 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Jics Logistic Limited | |||
| Dharmesh Parikh and Company LLP |
To see the full MSME payment records of Adani Rail Infra Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Adani Rail Infra has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECM3432H1ZS | Gujarat | Active | 01 Jul 2017 |
| 27AAECM3432H1ZM | Maharashtra | Active | 03 Sep 2019 |
To see the full GST registrations and return filing status of Adani Rail Infra Private Limited, buy the company report.
Recent activity
Adani Rail Infra Private Limited has 14 board changes on record since 2007: 2 appointments and 12 cessations. The latest: Deepa Chandraprakash Nair ceased to be Additional Director on 30 Dec 2020.
44 earlier events are in the company report.
News
Frequently asked questions
Adani Rail Infra is an active private limited company based in Ahmedabad, Gujarat, India. The company works in materials retail and distribution, within the metals and minerals industry. It was incorporated on 21 July 2005 (21+ years old) and is registered under CIN U60231GJ2005PTC046473.
Adani Rail Infra has 2 current directors:
- Jatin Champaklal Shah - Managing Director
- Deepa Chandraprakash Nair - Director
The latest financial statements of Adani Rail Infra on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 24 June 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Adani Rail Infra is 24AAECM3432H1ZS, registered in Gujarat. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAECM3432H1ZM (Maharashtra).
The CIN (Corporate Identification Number) of Adani Rail Infra is U60231GJ2005PTC046473. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adani Rail Infra was incorporated on 21 July 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Adani Rail Infra has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹2,059.13 Cr; the latest was in November 2020.
Deepa Chandraprakash Nair ceased to be Additional Director on 30 Dec 2020. Bhavik Bharatkumar Shah ceased to be Director on 04 Feb 2020. Deepa Chandraprakash Nair was appointed as Director on 04 Feb 2020. Adani Rail Infra has 14 board changes on record in total.
Adani Rail Infra has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 4 overdue payments to 2 micro and small suppliers. The latest return was filed on 23 Apr 2024.
Adani Rail Infra can be reached through the website adani.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Adani Rail Infra is at Adani Corporate House Shantigram Near Vaishno Devi Circle S.G. Highway, Khodiyar, Ahmedabad, Gujarat, India – 382421.
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